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� ����caRC���98— ����19:�
<br /> 10. Re�a�tatemen� Bocrawer has a right to be reiastated if Let�der has requtred iminediate payment in full
<br /> beca�sc of Bonawer's fa7ure w pay an amount d�ander the i�iute or thi�Security Insvumen� This righc applies
<br /> even after foreclosure proceedings are in�stitnted. 'f�rei�tate the Security Instrnment,Bormwer shall iender in a lump
<br /> sum all amounts required to bring Borrower's�ccount cnrrent indnding,to the catent th°q are obligations of�orraarer
<br /> under this S�ecurity Iastrumeat,foreclosure oosts and reasonable and cusco�,�torneys'fees and exper,ses properiy
<br /> associated R-ith the foreGosnre proceedin�. tlpon reinttatement bp Bosrower, this Securiry Insm�meat aad tne
<br /> obligatioas that it secures s�iall remain in effect as if Lender}�ad no��q���te payment in fnlL Hawever,
<br /> Lender i,not requirc:d to Fiermit reinstacement if:(�L,�nder has aooeptod reiastatement after the commeaoetaent of _
<br /> torec3osure proocedings aithin two ypats itamediately Pr�din8 tbe commeaoement of a cnrrent foredosure :"�
<br /> P�i�g.(u)reinstatemeat wc�I ptednde foredosure on differeat gronnds in the fntnt�or(iii},Feiaztatement wt�1 ��
<br /> adversety affect the priority of the lien aeated by this xcority Iasumneat
<br /> iL Ba*_rower Not Rei� � � I�= � a w� ��� of the time of paymen.t or �
<br /> modificatioa of amortir.auon c,f the sums�ecnred b�r tt,is Securit�,��ment granted by Lender to airy snooessor in
<br /> interest of Borrower shall not operate to relesse the liabtli'ty of the original Borrawer or Bpr�ower's successots in Q
<br /> interest. LendeY shail not tse required to oommenoe prooeed{ngs ag�t a�,suc�sor in interest or refuse to eatend �
<br /> ti�e for payment ar otherwise m�dify amortvation of the snms sccured b},this S��ntit�,�t��ent by reason of any ►j.1
<br /> demand made try t�e original Borrawer or Barrower's suooessors in interest Any forbearanoe by Lender ia exercising
<br /> any right or remedy shall not b�a walver of or preciude the exerctise of a�right or remedy.
<br /> 12 Sncoes,sois and A�igas Bon�d;Joint and Several
<br /> �b�ity Ca-SSgn�s. T'he arvenanu aad agreements of this
<br /> Security Instrument shaIl bind and beaefit the suc�xsocs anc!assigas of Lender and BorrJwer,subject to the pmvisions
<br /> o(paragrapt�9(b}.Bonower's oovenants and agreemeau shall be joint aad severaL pny gorrowet wbo casigns this
<br /> Security Instrument but does not execut�the Note:(a)is co-signing this Se�uricy instn�ment only to mortgage�grant
<br /> and convey that Borrawer's interesa ia the Property un�er the terms of this Security I�trument;(b)is not personaiiy
<br /> obligated to pay the sums secured by this Securit�,I�ttvment;and(c}agtees that J�°.nder and s�+other Borrower may
<br /> agree to extead,fnadify,forbear or make any accommodadon�with regard to the terms of this Secnrity Instrument or
<br /> the Note without that Bonower's consenL
<br /> 13. Notnces. Arsy notice to Borrower provided for in this Secvrity Instrument shall be given by delivering it or
<br /> by rr.a:ling it bu first class mail ucsless applicable law requir�use of another meth�. The notice shall be dirsctecl ta
<br /> the Propeny Addr�s or any other addres,e Borrrnyer designates by nouce to I.ender. Amr notice to Lender shall be
<br /> givea by first ciass mail to Lender's addr�staied herein or any address Lender designates by notice to P rower,pny
<br /> r.otice provided for in this Security Instrumant shall be deemed to have been givea to Bonower or L.er,.er when given
<br /> as provided in this paragraph,
<br /> 14. Gowerning Law;�,ev���, ���rity Instrumeat shall be govemed bv federal law aad the i�w of the
<br /> jurisdiction ?a which the Property is lorated. dn the event that any pravision or ciause of this Security Instrument or
<br /> the Note conflicts with applicable law,such wMict shall not affacc other provisions af this Seca�ty Instrument or the
<br /> Note which qn tre given effect without the mnfticting pravision. To th��end the provisions of this Security Instrument
<br /> and the Note are decfared ro be severabte.
<br /> 15. Eorro9v�r's Cbpy, gor�yer shalI be given one�nformed mpy of the Note and of this Security instrument.
<br /> 16- Ha�ard°°S Snbst�s. Bonower shall not cause or permit the presence,ase,disposal,storage,or release of
<br /> any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone eL�e to do, anything
<br /> affectine the Property that u in�iolation of any Environmentai Law. The preoeding two sentences shall not apply to
<br /> the presence,use,or storage on the Property of small quantides of Hazardovs Substances that are generally recognv.ed
<br /> to be appropriate to normal residential uses and to nlaintenance of the Property.
<br /> Borrower shall promptiy geve Lendet written notice of any invescigation,claim,demand,lawsuit or o�her action
<br /> by any governmental �r regulatory agency or private party involv�ng the Prvperty snd an�Hazardous Substance or
<br /> Environmenta!Law of which Borrower has actuai kaowledge. If Bormwer iearns,or is notifled by any govern;nental
<br /> or regulaeory authority,that any removal or other remediation of any Hazardous Substances affecting the Property is
<br /> necessary,Borrower shall promptly take all necessary remedial actions in a;cordance with F_nvironmental Law.
<br /> As used in this paragraph 16,"Ha7ardous Substances"are thase substances defined as toxic or haLardou5 substanc�
<br /> by Environmental Law and the following substances: gasoline,kerosene,other flammable or toxic petroleum products,
<br /> rozic �e;ticid� and herbicides, volatile sotvents, materiais containing asbestos or formaldehyde, and radioactive
<br /> materials. As used in this paragraph I6,"Enviranmental Law"means federal laws and laws of the jurisdiction where
<br /> the Property is Iocated that relate to riealth,safety or environmental protection.
<br /> NON-UNIFORM COVENANTS. Borrower and Lender fa�rther mvenant and agree as follo�vs:
<br /> 1�- As�►gnmeat c�[Rcnts. Eiorrower unconditionalPy assigns and transfers to Lender all the rents and revenues
<br /> of the Property. Eorrower authari�es I.ender or I,ender's agents to mllect the rents and revenues and hereby directs
<br /> each tenant of the Prop�riy to pay the rents to Lender or L.ender's agents. However, prior to L.ender's noticc to
<br /> Borrower oC Borrower's breach oC eny a�venant or ageement In the Security Instrument,Borrower shall collect and
<br /> reccive all renu and reveuucs of the Property us trustee for the benefit of Lendcr and Borrower. This as�ignment of
<br /> rents constitutes an abiolate assignment and not an assignment for additional sccurity only.
<br /> If Lenuer givcy notice of breach to Borrower. (a) all rents received by Borrower shall be held by Borrow�er as
<br /> trustce for bene(it of L,ender only,to be applieci to the sums secured by the Security Instrument; (b) 1..ender shait bc
<br /> entitted to coilec�t and receive ail of the renu of the Property;and (c)each tenant of the Pr�peny shall pay all rents
<br /> due and uapaid to L,ender or L,ender's agent on L,ender's written demand to thc tenant.
<br /> Bvrrower F���t�ecuted any prior assignment of the rents and has not and w�ill not perfonn any act tha[�vould
<br /> prevent I,cnder from exercls;pg 1ts rights under this paragraph 17.
<br /> I
<br /> L.ender shali not be rec�uireci to enter Lpan,take control of or maintain the Property t,efore or after giving notice
<br /> of breach to 8or••��er. However,Lender or f Judiclalty appoInted receiver may do so at any time there is a breach.
<br /> Ncsw�sic.�,-«�n�e�oK•i�tusr
<br /> [Mc„m�.u.s,ui,,,;,�,�(eoo7 a+9.uez y%
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