|
.��u. _. - - - = --_ _- -
<br /> � t�l(�£�y��a'l,�F���}�'r}j`p}�'�LI'"i��`;��r�.^r't,i.t{.`� ��,�Y4�'C��4`N`��M1�'��('_ � �Y' �.4{•Y �r�t��ift�:+! t�. � �}.1l,�{Y",��dt'„16 -:rs., . _ . . - ..
<br /> . . ttE'':r'��?YnAr��Y+.�a�j.tic t��.41 �.. . �- ?� - �F7 �f�5:iy�'Si1�11�I�"�„ �_r�j'.��rl ..
<br /> ,f ..rf...5 . �i. -� . � . ' n -'�•�� xt'?ta.w.
<br /> :f� " � . • � ��:i� _
<br /> e ..y�NiM•: .- ' � . {
<br /> 1, �,� t
<br /> I � . .
<br /> i .
<br /> n'1� r 7� .
<br /> " - ' . . . _
<br /> � •.3C�1191�� ,N�'$1tH" .. . � . . . ✓Jt�. ..
<br /> vdrw. .
<br /> � --�---' - ---
<br /> g}.y s.. .r.. y�.. : .. . . :..---- °'_-�---ti-
<br /> ,;.k� . . 9�� it�9�3'72 =
<br /> �r . s
<br /> .,�Y; im. Reia�tat�r�nt. Borrower has a rl�ttt to be mfastated if Lxnder has required immediate payment in fuU -
<br /> �;- because of Borrower's fallure to pay an a�nouat dus uader the Note or thia Securlty lnstnunent. 3'hia rl�ht applies �
<br /> :� evea aRer foreclosure proceediags are iastituted. To reinetate the Security tnstnunent, Bonower shall teader ln a lua�p ��
<br /> ' swn all amouats required w bring Borrower s account current including,to the extent ihey are obligations of Borrower i'
<br /> ,y� under tbis S�curity Instrument, foreclosure costs and reasonable aad customary atWrneys' fees and eapeases pmperly '
<br /> associated vrith the foreclosure praceediag. Upon nlnstatcment by Borrower, this Secutfty Iastcument aad the �
<br /> � obllgations tbat it se+�ures sheU remaia ln effect as if Lender had not required immediate p�yuaent in full. However, _
<br /> Lender is not requtred w permit reinstatement if:(i) Lender has accepted reinstaie�rtent t�er the commencement of
<br />=��r"'�� foieclosure proceedings within two years iauuediately preceding the commeuo�uaEnt of' a current foreciosure -
<br /> �---���,: Pro�ding, (H) minstatement willgmclude foreo�oswCe ora diffetea�:t�+ounds in the fl�t�uc�or (iii) reinstateacent wIll
<br />�:�--� � adversely affect the prioriry of the liett created by thfis SecWity iusirumeat.
<br /> ' :t• ..��, . 11. Baaasre�r Nci Relc�sod; �Zamne �ry i�dea' Not �t�Yaivu. Eatension of the .time of �ay�mt or -
<br /> -: �. � .
<br /> a�adificatIon of amorti�atioa of the sums secured by tbis Security Iusuumenc granted by I.ender to eny successor Ia
<br /> ,�' �:��� Iat�rest of Borre►wer shaU not operate t�► release tha llab�icy of th� original Borrow�r or Borrower's succxssors in
<br /> .�^ intereat. Lxnd�r.shaU not be required ta cammence pmceedln�{e ag�iast any euccessor ia ir►t�nest or refuse to extend
<br /> •�:':.�t�l;e�. " time for payu�aac or otherwise asodify�emort[zation of the aums s�cured by thls SecurIty Insuvment by reason of any
<br /> � " demaad made tsy the orlgiaal Borrower or Borrower's successors in lntenst. Any forbearaace by L�ender in exerclsing
<br /> :,-r:.;i�}:"u
<br />�,,;:a�.�.� any r�ght or remedy sh�U aot be a waiver of or preclude s�e eaercise of any right or remedy.
<br /> T�'''^•''�.5';,. 12. S�ooason and Ms�f BouBd:7oi��nd Sevee�i 1JibilIry;Co�S1�ew. The wvenaats ead agreements of tdie
<br /> �' ` Secudry IasuumRnt shall bind and beaefit the succeesore and esslgna of Lender and Borrower.subjcct to the provtstons
<br /> °;.•�'�;"� of paragraph 4(b),Borrawer's covenants tutd agreementa s5�11 6e joint and several. Any Bortower who co-sigas this
<br /> ° ,,` SocurEry lastrutnent b�at does not execute the Note:(a)is casigaing thts Securiry lnstnuneat only to martgage, grant
<br /> ,�,,;�.-�,e,r und convey thnt Borrower's lnterest in the Property under �de tem�s of thia Saudty Instrument; (b) is nos personally
<br /> obligated to pay tliee aums secured by thls S�ur[ry Ipsuva�ent; and(c)agrees that Ixader end eny other Borrower may
<br />"�:�=+� agrce to ext�d. modify.forbear or make aay accommiodatton� with regard co the terms of this Security Insmuncat or
<br /> ;.�:;:�� � the Note wlthout that Borrower's consent.
<br />':•.::'�# 13. IVotixa. Any aodce to Borrower provided for ta this Security fnstniment shall be given by delivering it or
<br /> J- -- by mziling it by 8rst class mail unlese applicable law requicea use of another method. The notics shall be directed to
<br /> ..�i:".. .. . � the Property Address or aay other address Borrower designates by notice to Leudec. Any aotice to LeBder shaU be
<br />:-�.--f1��E:�. givea by first class pnail to L.ender's address steted herein or any address L�eader desigoates by notice w B�nower.Any
<br /> T_��.:_<<. � uotii� provtded for In this Secadty Insmmteat shall be d�mea to have been givea to Bor�rower or l.euder when given
<br /> ---;";��.� • as provlded In this paragraph.
<br />- �.; 14.Grnrmin8 L�v:Sevaab�itY• Tbis Security Instrumeat shaq be goveraed by feder�l law�and the law of the
<br />-= -� jurIsdicdon in whicli the Property is locate,cl. In ihe event t6at aay provision or clause of this�Sgcurity Iasuument or
<br /> ._,�_�,, the Note conAic�ta with applicable law.sacb�conflict shaU aot affect other provlsions of this Secur�ty Inetrument or the
<br />-___�� Nou whicli�n be giveneffect wtthout.the conAiciiag pmvidon. To this end the provisions of th9a 5eaulty Insuument
<br /> - - aad the Nou are declarod W be seve�ible:
<br /> -- �� 1S. Boimwdt Copy. Bomower sttall be given one oonformed copy of the Note and of this Secudty lnstr�ment.
<br />__ _-__-- 16. �aacdoas Subetinoea.' Borrowet sha11 aot cause or pennit the presence, ase.disposal.storage, or release of
<br /> „�_�r, aay Ha7ac�dous Slibstances on or In the�Property. Borrower ahall not do. nor allow anyoAe etse w do, anyming
<br /> '! affaxing the Property that is ia viol�tion of aay Envi:+onffcentel Law. The preoeding two seatences shell not apply to
<br /> '�..,:. the presence,use,or stor�ge on the PropPrty.of smaU quantides of Hazerdeus Substances that�aie g�y recognizcd
<br /> � to be appropriaQe to normal resideatial .uses•aRd w maiateaence of the Pmperty. .. . , ,� ,
<br />_ _ �_ � . .Borrower shall pmmptlY give Lender�wrltfea notice of any investigation, claim.demad�d;'�Ia�BUit or othe�r action
<br /> .----==------, � by aay govemmental or reS��=Y. agency or pdvat� party involving the Property aad any�I�cdous�SuDstanee or
<br /> - -- Enviromne�atai :I,aw of ahich BornQwer l�as actual kaowledge. If Borrower learns,or is no23He,d by any govemmental
<br /> =�r;� or regulatory authortty,that aay renA�oyat or othes renaediadoa of any Hazerdous S�bstaaces�affecting the Property is
<br /> :::;;`.;: aecessary, Borrower shall prom�tty take all necessary► mac�al actiona in aecor�eqcee widi Bnvironmeatal Law.
<br /> '�-'�=�� As used in tlds paragranh 16."Hazardous Substsaces' are those substeaces de�nCd�as�oxic or ha�cdous substaaces
<br /> - — try Envlmnmental Law and the following�uubstances: gaso�ne, kerosene, other fl�mmable�.or toxic petroleum producte,
<br /> _ toxic pesticides and herbicides, vol�ltxls solvents, matedals containing esbestos or formalflehyde, artd radiaacttve
<br /> -.-- m�tertats, ps used in tl�iis paragraph 36,"Environmental Lew"meana federal laws aad laws of the jurlsdictioa wheae
<br />._ -- the Pcupertp is located that relate w health, safety or enviroameatal pmtectlon. .
<br /> _-_��,:����, NON-UIdIFORM COVBNANTS. Borrower aad�I.ender further covenant and agree as followa:
<br /> --���i`�^ 17. Azsfgntowt of Re�. Borrower uncondirionalIy auigos�and uansfers to Leader �the rents and revenues
<br /> �_':+:'r';�', of the Property. Borrower authorizes i:Qnder or I.eader's agents.fo coAect the reats an9 revenues aad hereby directs
<br /> ���,-:�•`__ each t�ant of tht Property to pay the rents to I,rnder a Lender's agents. I�However. prtor to i.ender's aodce to
<br /> =''-"a`r Barrower of Borrower's braach of any covenant or agrcement in the Seeurity Insccumeat. Bonower shall oollect and
<br /> -�,;..�;.�i:�
<br /> ^o�,��;��� receive all rents aad revenuea of the Property as uustee for the benefit of Lrender and Bosower. 'llils assIgnment of
<br /> -��:,�:*:�"-`f� rents constitutes an absolute assignment and not an as�igament for addidonal security only.
<br /> _r ��T_.
<br />- �-.�� If Leada gtves aodce af breach to Borrower: (a)all rcats :+eoeived by Bortower shall be held by Bonower as
<br />�==-�-�?���. aF. _
<br /> -�; f... trustoe for beaeRt of Lxnder only,to be applied to the sum4 secured by the Socurtty Iastn�meat; (b)Lender eLa11 be
<br /> `��� entitled to collect and receive all of the rents of the Propeny: and (c)each tenant of the Peoperty sha11 pay all ceats
<br />--:- u=;-; r due and unpaid to Lender or L.ender's agent on t,eaaa�s aritten demand w me cen�.
<br />`.y��.���:- `-' Bon+�wer has aot e�ecuted any prior assignment of the rents and has not and will not perfonn any sct that would
<br /> �u`�' , prevene Lender from exerciaing its dghts under this paragmph 17.
<br /> � � `"� I.eader shall not be required W enter upon. take contral of or maintatn We Progerty before or after giv[ng notice
<br /> . .. of breach to Borrower. However, Lender or a judicially appoiated receiver may do so at aay tiiue there is a breach.
<br /> N�W�YA—PBA D�OP TRUST �
<br /> . o,�,�sycum,,u�.ceoor 6.a,w Page 4 of 6
<br /> -'S: - '
<br /> .y ± i'
<br /> ,}•r.�,:�0.
<br /> � ,�.
<br />
|