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RecDoc99-207281
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RecDoc99-207281
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Last modified
12/27/2022 10:39:48 AM
Creation date
12/27/2022 10:39:19 AM
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Template:
Recorded Docs
Recorded Docs - Type
Agreement
Subject
Subordinated Deed of Trust with Power of sale
Doc Num
1999-207281
Rec Date
12/22/1999
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Borrower's obligation to pay the sums secured by this Security Instrument shall continue <br />unchanged. Upon reinstatement by Borrower, this Security Instrument and the obligations <br />secured hereby shall remain fully effective as if no acceleration had occurred. However, <br />this right to reinstate shall not apply in the case of acceleration under paragraph 18. <br />20. Sale of Note; Change of Loan Servicer. The Note or a partial interest in the <br />Note (together with this Security Instrument) may be sold one or more times without prior <br />notice to Borrower. A sale may result in a change in the entity (the "Loan Servicer") that <br />collects monthly payments due under the Note and this Security Instrument. There also <br />may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there <br />is a change of the Loan Servicer, Borrower will be given written notice of the change in <br />accordance with paragraph 15 above and applicable law. The notice will state the name <br />and address of the new Loan Servicer and the address to which payments should be made. <br />The notice will also contain any other information required by applicable law. <br />21. No Assignment. Until the loan secured by the First Deed of Trust has been <br />satisfied in full, the Lender and the Borrower agree that the Note and the Security <br />Instrument will not be assigned without the Senior Lien Holder's prior written consent. <br />22. Hazardous Substances. Borrower shall not cause or permit the presence, use, <br />disposal, storage, or release of any Hazardous Substances on or in the Property. <br />Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is <br />in violation of any Environmental Law. The preceding two sentences shall not apply to <br />the presence, use, or storage on the Property of small quantities of Hazardous Substances <br />that are generally recognized to be appropriate to normal residential uses and to <br />maintenance of the Property. <br />Borrower shall promptly give Lender written notice of any investigation, claim, <br />demand, lawsuit or other action by any governmental or regulatory agency or private party <br />involving the Property and any Hazardous Substance or Environmental Law of which <br />Borrower has actual knowledge. If Borrower, learns, or is notified by any governmental <br />or regulatory authority, that any removal or other remediation of any Hazardous <br />Substance affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. Prior to taking any such <br />remedial action; however, the Borrower shall notify the Senior Lien Holder that such <br />remedial action is necessary and shall obtain the Senior Lien Holder's prior written consent <br />for such remedial action. <br />As used in this paragraph 22, "Hazardous Substances"' are those substances <br />defined as toxic or hazardous substances by Environmental Law and the following <br />substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic <br />pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, <br />and radioactive materials. As used in this paragraph 22, "Environmental Law" means <br />federal laws and laws of the jurisdiction where the Property is located that relate to health, <br />safety or environmental protection. <br />III�INIWIIIIIIIINIIIIIUInIIIIIIIIINIIIIIINII 'sa9;��'=" <br />
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