|
,�,�'.f ' ' ' .t'�i, i.; , ? rl':`i}���!'� . ...---- ��-
<br /> � .. ::r.. . .
<br /> �. . i,. •�: . ��5 .{ ,..=-'_:__�
<br /> s. � ' • ,. h?�1...;1; .icit.t��r_ �'" �? .�,u�-s����_--_V:`�'�.�`1'�i�!'�'--
<br /> � _ ,.:�..t.:;�,....:a — �'�""'.,
<br /> '�i���� j���.�..��_"-_'"
<br /> • . 98� ia�ss;;
<br /> 1�, �y�t, Bonower hns a ctght to t►e reinstnted if Ixnder hus requlrcd Immedl�►tc pnyment In tull
<br /> beewu of Borrower'e fulure to pAy a�� anwunt due uncier the Note or this 5ecurity instrument. This right�ppiles
<br /> evrn aRer forcclosure procee�lings ue instltuted, To relnstuc the Security lnstrument, Borrower shall tes�der in Q lamp
<br /> sum all ur�ounts requlrod to bdag Borrower's account current including,to the extent they are abligations of Borcower
<br /> under this Security Instmment, foreclosure costs and reuonable and custom�ry attomeys' Fees end expa►ses properly
<br /> aasoc;i�eed with the foreclosure proceeding. Upon reinst�tement by Bonov►er, this Securiry Instrument �nd the
<br /> abli�ntions that it secures sh�ll remain in effect c3 lf ixnder had not required immedla[e payment In full. However,
<br /> I.ender is not requirai to perm[t rttnstatement if:(i} Lender h.as aecrpced rrinstuei�ut afcer the commence►nent of �--
<br /> foreclo�ure proceedings within two yeus imnxdiately preceding the commencetn�nt of A current foceclosure
<br /> proceeding, (ii) rcinstatement will preclude foreclosure on different grounds in the future, or(iii) reinstatemrnt will
<br /> adversely affect the priority of the li�n created byth�'j�iNd =���va. Extcnafon of the time of payment or
<br /> 11. Bo�rowax Not �iele�eod; Fabeu'aooe �'
<br /> modi�cation of amortizatioa of the sumg secured by this Secudty [nstrument grauttd by Lender to any suc.cessor in
<br /> interest of Bonower shall not operate to releasc the liabllity of the original Borrawer or Bonower's succesaors in
<br /> interest. I.ender shall not be required to commena ptoceedings agunst any succeswr in interest or rcfuse to eatead
<br /> time for payiuent a:othcnvise m�d'sf; amortiz�tion �f the sums secured by this Secuttty Iastrumene by reason of aay
<br /> demand made by ttte original Bonower or Bcxrower's sucassors in interest. Any forb�ar�nce by L,ender in exercising
<br /> any right or rcmedY shall not b� a waiver of or preciude the eaerciu��o�f any righ�c covcnancs end ygreements af this
<br /> 12. Stiooes�o�s �ud Atsisne Hound;Joiot nd Sevetal Wbifity: E�•
<br /> 5ecurlry Instrument shall bind and henefit the succasors and asaip,ns of I,ender end Borro�ver, subject ta the provisions
<br /> of paragraph 9(b)• }3ormwor's covcnants and agreements shall be Joint and several. Any Borrower who ca-signs this
<br /> Security Instrument t,ut does not execute the Nnce; (a) is co-slgning this Secudry Instivmene only to morcgage, graat
<br /> end convey that Boaower's intecest f,n die Property und�er the terms of this Security[nstrument; (b) is not persunally
<br /> obligated to pay the sucr�s secured by this Security Instnunent; pnd (c) �greGS that Lender end any other Bonower may
<br /> agree to extend, modify,farbeac ot niake any a�canunodations with rcgsud to tho tem�s of this Secarity Jnstnunent or
<br /> the Note without that Borrower's consent.
<br /> 13. NaBoa. Any notice to Boaower pcovided for in thie Security lnstrument shall be given by dclivering it or
<br /> by mailhig it by first class mail unless applicable law requires use of another metlx�d. The notict shall be directed to
<br /> the Property Addmss or any other address Borrower designates by notice to l.ender. Any noticc to l.en3er sh�ll be
<br /> glven by first class mail to I.ender's address stated hereln or any uddress i.endcr designates by nat!ce to Borrower. hny
<br /> _ na�a F�,y;� f�f��i� Securicy Iastrument shall be danned to have been given to Aorrower or Lender whea given
<br /> �s provided in this puagraph.
<br /> 14, �o�vani� I,a�r;Severability. 'Ihis Security Inst�nt shall be govemed by federal law�nd the law of the
<br /> jurisdiction in which the Property is located. In the event that any provision or clause of this 5ecudty Instrument or
<br />— the Note wnf,icts wt.h appllcable law,such wnflict shall not affect other prnvisions of thi�Secwriry Inatrurrieat or the
<br /> Note which can be given effect without the conflicting provfsion. To thie end the provisions of this Security Inatruma►t
<br /> — and the Note ue declared to be severable.
<br /> 15. �xro�res'�Copy aorrower shall be given one wnforn�ed copy of the Piote and of this Securlry Instiument.
<br /> _ i� v��,�;; a.,,,�„�, �rrowc� shall noc cause or permit the preseace, use,dieposel. storage, or rcteue of
<br /> any Hazardous Substauce.g oa or ln the Froperty. Borrower shell not do. nor allow anyone dse co do�+uiY�t►in6
<br /> affecdng the Property that is[n violation of any Environmental Law. The preceding two scaurices sh�ll not�pply to
<br /> the pKSCnce, use.or storage on thc Propercy of small qu�ntities of Hazardous Substaices thet sre grnenUY reco8uud
<br /> to be appm�rriate to norn�aJ residentiel uses and to mAintenance of the Property.
<br /> Borrower shall promptly Bive Lender wdtten noace of any investigotion, claim, demand, lawsuit or other action
<br /> by any governnxntal or regulatary agency or pdvate pacty iuvolving ths Property �nd eny Haxardow 5ubs;aace or
<br /> Enviroruna�tal Law of which Borrower has nctual kaowlodge. If Bornnwer leuns,or is notiflecl by aay govemnxat�l
<br /> or ngulatory suthority, th�t any rcmoval or otha remedlntion of any Huardous Substances affecting thc Property is ,
<br /> necessary, Borrower shall promptly take all necasary remediel accions in accordance with Envimanxntal l.av�+.
<br /> As uscd in this paragraph 16,"Hazardous Substances'are those substances defined as toxic or huardous substuux�
<br /> by Environmental L.aw aad the following substances: gasoliae,kerosenC, other flammahle ur toxic petroleum pt�ducw,
<br /> toxic pesticides and herbicldes. volatile solvents, matedals containing asbestos or fom�aldehyde. and radioxtive
<br /> materials. As used in this paragreph 16, "Environrncntal Law"means federal laws and laws of the judsdiction where
<br /> - the PtoportY is lceated that relate to health, safety or environmental protecNoa.
<br /> NON-UNIFORM COVENANTS. Borrower and I.ender turther covenant and agree as follows:
<br /> I�. ��� of g,�ats, Borrower unconditionally assigns and traasfers to i.endcr al[ the rents aad revrnues
<br /> _ of the Propeny. Buia►wa►' authorizes I.ender or Lender's agents to c�llect the rents and revenuee aad hereby directs
<br /> each tenant of the Property to pay the rents ta Lender or l.encler's agents. Howc;ver, prlor to Y..ender's notice to
<br /> Borrower of Borrower's breach of any covenant or egrament in the Sec:urity Instrument, f3orrower shall col2ect aad
<br /> re�:eive all rents and revenues of the Propecty as trustee for the benefic of L,ender s�d BoiYOwer. This assign�inent of _
<br /> rents consdta�t�es u► absolute assignir�enc and not an asaignment for additional secur�ty only.
<br />- If Lender gives notice of breach to Bomower: (A) �ll nnts re�ceivtxi by Borrower st►all be held by Borcower as
<br />-- trustee for benefit of Lender only,to be applied to the eums secured by We Secudty Inscrume�t; (b) L�cnder shall be
<br />-- entitled to collr,ct and receive all of the rents of the Property; a�►d (c) each tenant of the Properry ah�fl p1y all rents
<br /> - ,�.,p s�� ��nnaid cn L.ender or I.cnder's agent on Lcnder's wdtten demand to th�tcciant. _.,L_. ..�..�a
<br />-- Bonower has not executed a��y prior assig�unent uf the rents and has no�and wiii nvi prrivnn a�y+_..���a. AVWY
<br /> == prevent Lcndcr from exercisang its rights under this parngr�ph 17.
<br />�--" Lender shall not be required to enter upon,take cantrol of or maintain the Property before or after giving notice
<br /> of breach to Borrower. However, Lender or a Judicially appointed receiver may do so at any time there is a breach.
<br />� a�%
<br /> _ N�gRA.SICA.FtlA DBtiD oP 7'RUSI' P,e a of 6
<br /> .__ Da,�n �'nnm.b+c.(�uo)Mv�SN g
<br />�t
<br />-'�
<br />'-.u��
<br />-'K
<br />
|