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<br /> � . � 10. ReinatsLCm�t. Borcower has a dBbt to be reinstuted if L cnder h�v required lmmediatR payment in ftill
<br /> ' ;, � 6ecuuce of florrow�r's fullure to pagr an aaiount due undep the Notc ar thts Security I nstrument. 7 b ls r l g h t ap�l ies �
<br /> ' , ' evea aftr: forctosur praa�dtnBs ar+e insdtated. Ta relnstnte 1he Sesudty Instrument. Borrower ehNl tender in.e tumP -.
<br /> � � sum all cunaunta reqWred to bring Borrower's accaunt current including,to the extene they are obliaottona of Botxqkver
<br /> � ` undet thie Secur�ty laauument. foreclosure costs nnd reasonable ared customary mtomeys' feea cutd�e7cperutes properly
<br /> _..-� assuciAted wit�.tbe foreclasur� pr�dins. Upon reiastatement by Borrower, this Secudry �nauvment ond the `
<br /> � ` obli�Ations tAat lt secures sha:l cemsila in effect as tf Lxnder had not cequired 8mmediate payment ia t�ll. Howa�er.
<br /> , �:;: �i Lend�r ls aot cequlred co parmlt rcinstatcr�;:nt tf:(i) Lender has�:ccepted minstutement after the commenceprnmt of �
<br /> � foreclosure pmceedings wttAin two years hnrnediaeely preceding the comnzencement of a current fo�eclaaure -
<br /> �;;,;a;,r�`� proceecila�, (ii) reinstatement will pmludB foreelosum oa different grounds ia the thture,or(iii)rainstatemeAt wiil _
<br /> �.,.w�p adversely afFect the prio�iry of the liea created by this Security Insaument. _
<br />- 11. Bo;mwe� Not Releaaod; Fab�araIIOe bi►I�eader Niot a VI►�ivet. Eatensfon ot tba t�s of payment or _.
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<br /> ' t ��1C8t�0A OY SIGIOIi172t�Q11 of the su�ns secured by this Seeuriry Insmu�aent granted by Lender to any successor in -
<br /> ` intemat of 8orrdwer shall not opeaate to release the liubility of the ori�inal Borrower or Horrower's successois ia .
<br /> > � iaterest. Lender ahaU not be required to oommeaoe pmseedings againsc any successor in interest or reftue to eatead -
<br /> time for payaaet►t or othenvise modify amortization of the sutas secur�d by this Securlry Inetrumeat by reason of any
<br /> . ,.;;:::�. :'� demacd made by the original Borrower or Borrower's suxessors ia interest. Aay forbearance by Leader in exercis�ng
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<br /> .::�f� any right oT reanedy shall not be a waiver of or preclude the exercise of aay right or mmKdy.
<br />_ �:':;::,t�r�';. �� 12. Stiaoea�ote ud Aa�pa Bo�nd: loint md Seve�l I3aEdlity;Co-Slgcisas. 'ltte covenaats and agreemeats of this
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<br /> Se�urity Inauument shall biad and benefit the suc�essflrs and esstgne of l.eader sud Homower,subjoct to the provisions
<br /> . . of paragraph 9(b).Borrower's covenauts a�d egreemeuts shaU be joint and severei. My Borrower who co-signs this �
<br /> : :." � Secudty 1r�swment but does aot execute the Note: (a) is co-signing W1s Secuttty Inst�ument only W mortgage.grant
<br /> • and oonvey that Borcower's interest ia the Property uader the tenns of this Securlcy Insavment; (b)is not personally
<br />- . obligaud to pay the sum4 secured bythis Seciulty Insuument; and(c)agcees that I�ertder and any other Horrower may
<br /> ';�'�� agree to exte¢d.mndify.forbear or xaalce aay ar.comnnodadons with regard to the terms of this Securlty Instrua�ent or
<br />_ . the Note with�aut ehat Borrower's c�nsent.
<br /> � 13. Nottces. Pwy notice w Horrowet �pmvided for�ln this Securlry Instrument sball be given by deUvering it or
<br /> -• ,.,r� by mailla�it by fltst olass mail untc�applixabl� law requi�res use of another metho�. 1Le notice shaU be directed to
<br /> ` the Property Address or any other �dresa Borroaer deslgnates by nodce to Lender. Any notice w Leader ahall be
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<br /> •. �� y ..;,:•• givea by first class mail to Lencler s addreas stated hereia or any address Leader desigaates by u9tice w Borrower. Any
<br />-�'�'1'����?,� notice xovlQed for in this Securl Iastrua�nt shall be deepaed to have been givea to Borrower or Lender ahcn glven
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<br /> �ct� �: :, as provided in�this paragraph. :
<br /> '� �j M`"'�� 14.�'Governing Yaw;Sevetablli4.y. 7his Securlty Inst�ment shell be goveraed hy federai law aad the law of the
<br />�,,.;..;,,<;,�
<br /> .i K;��`r:�C{;��.' t jurisdiction in which the Property is lacatod. In the eveat that any pmvlsioa oz clause of this Security Insmuneat or
<br />-��,��•�;t':Y;',� � ' the Note caaflicts wtth applicable law,such conflict eball not affect other provisions uf this SecurIty Insttument or the
<br />=:i>,. ,';_ ,4 Note which can it�given effect wIthout the conflicttng pmvision. To this end the provtsions of this 5ecudty Tnstnuneat �
<br />=E:.:.:;:-�i". aad the Nore sre declared to be severable.
<br />��;���:.�,:;,�: 1S. Bomav�ret`s Copy. Borrower eball be givea oae oonformed copy of the Not�aad of thls Securlty Instcument.
<br /> �„:.2_�:;� 16. Hmrdous S�bstanoee. Bcanower s6a1!not cause or peimit the preseace, use,disposal, etoreSe�or:cIease of
<br />_ ' any Ha7ardous Substancea on or ia the Property. Borrower ehall aoi do.nor allow anyone eIse w do, aaytl�ing
<br /> 1;.:��=::�: affecdng the Prnp�ty thai is jn violadon of any Envlronmentat Law. '�e preceding ta+o sentences shaU not apply to
<br />=.=�-n:.-,-�-p� the presence. use..or storage on the Property of small quantities of Ha�rdovs Sti►bstances that are.getterally reco8niud
<br /> —'"—' rn be appmprlate to aormal residendal uses and to matnteaaace of the Pmperty. �
<br /> --�--_=_— Borrower shall promptly give Leadet wriuen notloe of any investigation, claim.deanand. iaws�it or otiner aaion
<br /> '�"`�a"°" by any govemnaental or regulatory ageacy or private party involving the Propeny aad any Hazaidous Substaace or
<br /> p�;�;";�,� Environa�ental Law,of which Borrnwer has actual imowtedge. If Borrower leazas. ar is nodfud by any goveramental
<br />�;__,.��,�..� °r mg�]at°ry suth°rlt�'• that aay remuval ax other remediation of any Nazardous 5ubstaaces affecflag the PropertY fs .
<br /> ---.�,_�sa ae�saryr.Bornnwer sball gmmptly take IiDl aecessary re�dial actions in aaxitdance with Envltonmental Law.
<br />�,�m, As used ia this paragraph 16,"Hffiardous Substances"are those substances �lefined as wxtc or hazardous ntbstsnces
<br />� �`"��-r'=:r--- by Envinanmentel Law and tbe YoUowfng substaaces: gasoliae.lcerosene. other flamrAabte or wxlc petrolwttt products.
<br /> ---��' • • toxic pesticides and hecbicfdeg. voletile solvents, �ais contataiag asbestos or foimeldelhyde. aad radloscHve
<br />�� ., , materlals. ps us�in this paragraph 16,"&?nvironmental Law"means federat laws and laws of the jurIsdlction where
<br /> — .�.-�:::-�a+ the Property is located that rel�e w health, saf�Y or eavironmental protection. ,
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<br /> -=`:�`r`��".�.- NON-UNIFORM COVENANI'S. Bortower and Le�tder further wvenant aad ogre� as follows:
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<br />� � '� �' 17. Ass�om�mt of Ra�te. B�rrowa unoonditioaally assigns and transfers to H.ender sU the rents and revenues
<br />�. .. of the Property. Borrower suthorjzea Leada or Lender's ageats to coltect the rents aad revenues arcd hereby directs
<br />;'-, - ` � each tenant of th� Property w pay the rents to Lender or Lender's ageats. However, prior w I.eader's not�ce to
<br /> . `ti Borrower of Borrower's br�each of aay covenant or agteement in the 5ecurity Iasteument. Borrower shaU o�llect aad
<br />-- �� receive all rents and reveaues of the PraPertY as inute�.for the benefit of Leader nnd Bornower. This assIg�nt of
<br /> �� reats oonstitutes an absolute ass3gnment and aot an assignment for addidonal security�only. . -
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<br />- ., �'� If Lender gtves nodce of breach Ro Barrower: (a) all r�ts reaelved by Boirower shall be held by Borrower as =
<br /> � ' . : � trustee for beaeSt of Leader onIy.to be applied to the sums secur� by the Secudty Inst:umsnt; (b)Lender shalt be
<br /> ' .4� entitled to collect and receive all of tl:e rea�s of the Property; and (c)each tenant of the Property shall pay all rents
<br />�_.,. � , ° � due and unpaid to Lender or Leada's agent on IendEr's written demaud to t�he 't�an.tw. �A� onv nnt th�t mnttlA
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<br /> --- t �sorrower nas noi e�ceeuia,auy y�a�n�g.,..R... .,...a, .....� �...m..... _... ...».....r------ � --— • ---
<br /> -. . - prevent Leader from exercising its ri�� under this paragcaph 17. _
<br /> Leader eball not be ce�uired to eata uQon,take ooatrol of or maintain the Property before or after giving noflce _
<br /> of breach to Bornower. However. Leader or a jud'acietly appointed mceiver may do so at any time there is a breach. =
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