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200304210985.012
<br />treasurer's check or cashier's check, provided any uch check is drawn upon
<br />certified check, bank check,
<br />an institution whose deposits are insured by a federal agency, instrumentality Or entity; or (d) Electronic
<br />Funds Transfer. Upon reinstatement 6y Borrower, this Security Instrument and obligations secured hereby
<br />shall remain fully effective as if no acceleration had Occurred. However, this right to reinstate shall not
<br />apply in the case of acceleration under Section IS.
<br />20. Sale of Note; Chlmge or Loan Servicer; Notice or Grievance. The Not- or a partial interest in
<br />(together with this Security lastmmcm) can be sold one or more times without prior notice to
<br />the Note (t
<br />Borrower. sale might result u change in die entity (known as the "Loan Servicer") that collects
<br />Periodic Payments due under the Note and this Security Instrument and performs other mortgage loan
<br />ervicing obligations under the Note, this Security Instrument, and A
<br />le of the pplicable Law- There also [night be
<br />one or mote changes of the Loan Servicer unrelated to a saaddressand
<br />Note. If there is a change the Loan
<br />ll
<br />Servicer, Borrower will be given Written ❑otice o the
<br />s)wulde which
<br />t a Land ateY die
<br />n minfotmadon RESPA
<br />new Loan Servicer, the address to which payments
<br />requires in connection with a notice of transfer of servicing. if the Note is sold and thereafter the Loan is
<br />serviced by a Lean Servicer other than the purchaser of die Note, the mortgage loan servicing obligations
<br />to Borrower will remain with the Loan Servicer or be transferred to a successor Loan Servicer and are not
<br />assumed by the Note purchaser unless otherwise provided by the Note purchaser.
<br />Neither Borrower our Lender may commence, join, or be joined to any judicial action (as either an
<br />ns Pursuant to
<br />individual litigant or die member of a class) that arises from the other
<br />rov sion Of, or any duty owe bhy
<br />Security instrument or dot alleges that the other party has breached any p
<br />reason of, this Security instrument, until such Borrower or Lender has notified the other party (with such
<br />notice given in cumpliance with the requirements of Section 15) of such alleged breach and afforded die
<br />fter the giving of such notice to take corrective action. if
<br />t,0er party hereto a reasonable period a
<br />Applicable Law provides a time period which must elapse before certain action can be taken, that time
<br />period will be deemed to be reasonable for purposes of this paragraph. "fh- notice ce acceleration and
<br />opportunity to cure given to Borrower pursuant w Section 22 and the notice of acce:eration given to
<br />Borrower pursuant to Section 18 shall be deemed to satisfy the notice and opportunity to take corrective
<br />action provisions of this Section 20. Hazardous Substances" arc those
<br />21. hazardous Substances. As used in this Section 21; (a) Ens Substances"
<br />Law and •he
<br />substances defined as toxic or hazardous substalhces, Pollutants, or wastes by
<br />following substances: gasoline, kerosene, other flammable or toxic petmlemu products, toxic pesticid-s
<br />and herbicides, volatile solvents, inaterials containing asbestos or formaldehyde. and radioactive is l catedmaterUnt
<br />(b) "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located tut
<br />relate to health, safety or envirolimental protection; (c) "Environmental Cleanup" includes any response
<br />action, remedial action, or removal action, as defined in Environmental Law; mid (d) an "Environmental
<br />Condition" means a condition that can cause, contribute to, or otherwise trigger an Envirommental
<br />Cleanup. rniit Uhe presen e, use, disposal, storage, or release of any Hazardous
<br />Borrower shall not taus- Or p.
<br />On or in the Property. Borrower Shall not o•
<br />Substances, Or threaten to release any He:,rdous Substances,
<br />nor allow anyone else to do, anything affecn:,t the Properly (a) that is in violation any Environmental
<br />Law, (b) which creates an Environmental COndilimh, or (c) which• due to the pim ice, rise, Theor rele�etling
<br />HazardousSubstance,Shall
<br />create a wthehon that pressence,adversely
<br />orastorrage onvalue
<br />the Property ofproperty.
<br />snall quantities of
<br />Ha sentences shall not apply normal residential uses and to
<br />Hazardous Substances fiat are generally recognized t be appropriate
<br />maintenance of the Property (including, but not ticn lted tonOtice ofa(�� )s sulainves tigattwaceS in consumer
<br />products).
<br />ro du lawsuit
<br />Borrower stall promptly B
<br />or other action by any governmental or regulatory agency or private parry involving the Property an any
<br />Hazardous Substance or Eaviromnentai Law of which Borrower has actual knowledge. (b) any
<br />Environmental
<br />Condition, including but not limited to, any spilling, leaking, discharge, release or th5eat of
<br />Initief�
<br />page 12 of 18
<br />Form 304a 1101
<br />(M-81WA) i0012)
<br />m
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