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<br /> 97-- lU'?'�80 �:.�-
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<br /> utcm�cn� Bonuwcr hus u dgbt to be rcinstntcd if Lr,ndur hns requirecl tennlcGiat��ht a ics �• •``-:-:
<br /> lU. Rein B PP
<br /> bccauso o[Borrowcr's[silurc tu p�y on amount duc undcr the Natc or this Sccurity lnstrumcnt.
<br /> cven aftcr[urcclosurc pruccc�lings ura institutcd. To rclnstatc thc Secudty lnsuument,Borrowcr shall tendor in a lump
<br /> sum all amounts reyulreci tu bring Borrower's eccount current[acludiag,to the oxtent they nre ubligutians of Borrower
<br /> uader thls Security instrument,furectosure wsts ann��in�sta emon tby Barr wer�this�Sec:ritynInstrument and the .
<br /> ass��ciated with thc [occclosuro pcocecding. Upo ,,''"'
<br /> obligatic�n5 thet it sec:uraa ahaU rcmain!n atfect us if Lender had not reyuired immediate paymant in tull. However. • �.
<br /> � Lender ls aat rcqulrcd to pr:rmlt reinstatemcat if:(i)L.endcr has uuuept�cl«ir►st,���ment attcr the a�mmencemcnt of i-
<br /> � [oreclosure proceedlngis withln two years Immediatety preceding the commencement af a current tareclosure �\=y='
<br /> ,�,..o.�+� : prooeedIng,(ii)reinstacemcnt will prcclude foreclosur�on different gounds ta che future,or(lii)reia5tatement will .-�__
<br /> �,.�,... �'; advetscly atfect thc prinrtty of the Ifcn cteated by this SecutitY lnstn+menG �=
<br /> il. &xro�er Not Rel�ca�od: Fo�beuano� dY � NOt � W�' �easion of the time oP payment or .c�
<br /> moditication of amortizaUon o[the sums secured bY this Sec��Y 1��ment graased by Lender to any successor in .
<br /> ���,�-
<br /> interest of Bottower shaU aot operate to release the liabiliry o[the original Borrower or Borrower's suc.cessots in �;-�__-
<br /> .. interes� I.cader shail not be requlred to commenee proceedings agaL�t any sucoessor inIn trument b reason of any �--_
<br /> time for paymeat or othetwLSC modify amort�acton of the sums secwed bY this Security Y : __
<br /> demand made by the original Burrower or Boaowet's succes.gots in intexest. As►y forbcarance by 1-eader in exercLsing -^
<br /> � any dghc or remedy shall aat 6e a wuiver of or preclude ine exerciso af any d8h�e�v naats aAd eB�eem�a�s of this =--
<br /> 1y �Ors md Aisiap Hou�d;Joint aad Scveral Llab�it7:d�S�
<br /> �, Security Ipstr�mcnt shaU biud aad beneftt che successars and assiBns ot Lender and Bonower.subject to the provistons c_ -
<br /> ., � of paragraph 9@).�nower's oovenants and agreements shall be joint and seve���t �y to mortEage,graat —_
<br /> Security Insuument but does not eacecute the Note:(a)is oo-signing this Securlty �not rsonally
<br /> r and convey that Borrower's interest in the Property under the terms of this Security Instrument; (�) Pe ,�
<br /> obliguted to pay the sums sec�ued bY this Secudry Iasuument;and(e)agrees that I.ender and any other Aorrower may =
<br /> �� agree to extend,modify,forbear or make any accommodations with regard to the terms of this Securtry Insuument or �,
<br /> the Note without that Borrower's oonsen� �t�ent shall be gt�en by deliverIng it or =
<br /> �. N�, pny uotice to Bono�ver provided for in this Securiry --
<br /> by matling it by 8rsc class maU unless aPPli�able law requires use of another meWod. The notice shall be dlrecud to
<br /> � �:. the Properry Address or anY other address Borrower designates by notioe to Lender. Any notice to Leader shall be
<br /> given by ftrst class mail to Lender's ad��n���deemed to ha�e been gi en to�Bornowe�or J.end r wh n given �_
<br /> -_—� tlo23�pio�i�r�f�r in thls SecuiltV IAS —
<br /> as provIded in tbls�p��� ,��nty�Strument shaU be govemed by federal law and the law of the
<br /> - 14. Cian�+e+ninE
<br />_ ' inrLsdiction in which the Property Ls located. In the event that any provIsion or clause of this Secudty Instn►ment or
<br />_ , • the Note wnflicts wIth appllcable law,such oonflict shall not affect other provisions of thls Securiry Instrument or the
<br />' , Note which can be given effect witliout the coaflictlnS pravision. To this end We provisions of this Secatlty Insuument
<br />- � � and the Note aze declared to be severable. of the Note and of this Security Instrument
<br /> .��. ��,:r : . �. �. ��e�(�.opy. Bonower shall bs given one conformed copy stora c or release of
<br /> . ,:�- , i�, ��y�y`uyst�noea. Bonower sha11 not cause or pennit the presence,use,ciL��osa1+ 8 +
<br /> �"`�`.`��, .`,;, any Hazardous Substances on or in the Properiy Bartower shalt not do� nor aUow anyane else to do.aayching
<br />- aifecting the Property that is ia v[oladon of any Environmental Law. The preceding two sentences shall not apply to
<br />~'�,�.:� ..•..w
<br /> �..,,,r..,;,,,� the presence,use,or storage on the Property of smnll 9ueatities of Hazardous Substances that are generally recognized
<br />�''�"�����-' ; to be appropriate to normal residential uses and to maintenance of the Proper►y.
<br />%_:�:°_"-'�'� ' � Bonower shall promptty give Lender written notice of any investigatton,claim,demand,lawsuit or other action
<br /> --- � -•IJi
<br /> -_=;'F`�. bY anY governmental or rcgulatory agency or privace panY involvIng the Properry aud any Hazardous Substance or
<br />��� �'� '��` ' Environmental Law of whicb Borrower has actual knowledge. If Borrower learns,vr is noWed by any goveramental
<br />'_�';�,'-.r;.: ;F:
<br />°• � - or regulatory auWoriry,that any removal or other remediation of any He7ardous Substances a�ectin8 the Properiy is
<br /> 3�~ -'-°• necessary,Borrower shall promptly take all necessary remedial actions in accordance wIth Envlronmental Law.
<br />_�,�;;�,..,. qs used in thls paragraph 16,"Ha�clous Substances"are those substances defined as toxlc or hersrdous substanccs
<br />-_=�-ry:�,r,� by Environmental Law and the foUowing substaaces: gasoline.kerosene,other flammable or toxic peuoleum products,
<br />��� toxic pesUic[des and herbicides,volatUe solvents� iaaterials conteining asbestos or formaldehyde, and radioactive
<br />=.,.,�.-'�� � materIals. As used in this paraBraPh 16, "Envlronmental Law"means federal laws and laws of the jurtsdiction vrhere
<br /> _.,,.�. ..;n«a: . . �
<br />_;�,,..s_' ��„ the Ptoperty is located that relate to health,safery or environmental prot on.
<br /> NON-UNffORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br />__ �,�. 1�. p�t of geata. Borrower unconditionally asslgns aad transfe�s to Leader eA the rents aad revenues
<br /> • of the Property. Bonower authorizes Lender or Lender's agents to wllect the rents and revenues and hereby directs
<br /> ' . ..� • each tenant of the Properry to pay the rents to Lender or Lender's agents. However, pdor to Lender's notice to -
<br /> ' , i Bonower of Borrower's breach of any covenant or agceement in the Securiry Insuumettt,Borro�*'er shall coll ea of =�-'
<br />' � •� recetve all tents and tevenuzs of the Property as trustee for the bene8t of Lender and Borrower. 'fhis assigam _
<br /> , �. rents constitutes an absolute assignment aad not an assignment for additional secudty onlY•
<br /> • If Lender g(ves notice of breacb to Borrower: (a)all rents received by Bonower shall be held by Borrower as
<br /> � trustee for benegt of Lender oNy,to be applled to the sums secwred by the Secudty Instrutc►ent; (b)Lender shall be
<br /> ' entitled to collect and recetve all of the rents of the Property;and(c)each tenant of the Property shaU pay all rents
<br /> _.�. ,,.,,,o.,.� �.��td►o iEnder or Lender's aAent oa Lender's written demand to the tenaat
<br /> .L.. ..1.1
<br /> -- --.--_ .----.- .........._ �.r-- �-
<br /> Bonower has not execuced any pdor assignment of the rents and has not ana wui noi periurm iuiy a��.ua►:........
<br /> prevent Lender from exercLsing its rights under this paragraph 17.
<br /> • I.eader shall not be rcquired to enter upon,take oontrol of or maintain the Property before or a8er givtng notice
<br /> of breach to Bonower. However, Lender or a judlclaUy appointed receiver may do so at any time there�S a breach.
<br /> N96
<br /> Nk38RF�CMFHADEED OFIRUSC
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