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<br /> 10. Refnstate�at. Sorrower tas a right to be celastated lf Lender has required l�iate �yGm�ii�flAl �
<br /> bECause of Borrower's failure to pay aa azaouat due uader the Note or thls Securlry Instnunent. This dght applies E-
<br /> ' eveu after forectosure pmceedings ere lnetltuted. To reiAState the Security Instrument, Borrower shall tender in a lurap �
<br /> ° � ' sum all amouata required to bring Borrower's accouat current including,to the extent they are obiigadobs of Borrower -
<br /> � under thia Security Inauument, foteclosure wsts and reasonable aad cuctomary attorneys' fees and expenses pmperly -
<br /> . " assoclatet! with the foreciosure proceeding. Upon refastatement by Borrower. this SxurIty Iasaument and the _
<br /> �_ .. � obli�atton9 that it secnres shall mmain in effect as !f Lender had not require�l ima�ediate payment in fuU. However, ,
<br /> , ,� .�,f� Leader is not required to pennit reir�sstatemeat if:(i) I.ender has acoepted reiastatement after the oommencement of -
<br /> foreclosure pmceedings withia two yeacs immedlutely presediag the commeaoement of a current foreclosure _
<br /> �� ptoceeding, (ii)reinstateusent wW preclude forerlosure oa different grouads in the futute, or(iii)reinstatanent will _.
<br /> ,�: adversely affoct the prto�ity of the lien aeated by thia Socudty Instnunent.
<br /> il. Borcoa� Not Rele�aed; potbaranoe by Lmder Not a Waiver. 8xtension of the ti�ae of payment or _
<br /> " :�'� modiRcatioa of am�ortization of the sunu secured by this Secudty Insuumeat grantod by Lender ta eay successor in _
<br /> . .. �� laterest of Borrower shall aot operate to release the liability of the o�igtnal Borrower or Boreower's successors in
<br /> iaterat. Lender shall aot be required w commeuce proceedings agai�st any success�r la interest or rcfuse to e�ctend _
<br /> "`�`' t�e foi payment or otherwise modify amort�ation of the sums secured by thie Ser�clty Iast�ument by reason of any -.
<br /> �: demaad made by the orIginal Bor[ower or Bormwer's suocessors In interest. Any forbearence by I.ender in exeiclslag _
<br /> ° ' any r�ght or miaedy shaU not be a waiver of or preclud� the exercIse of any r�ght or remady. _
<br /> .�. 12. 51�ooessora amd Aasigna Boaod;Joi�t aod Sevaal I3ability;CoSjgoera. Ttee covenants aud agreements of tl�iis _
<br /> Sscwiry Insuum�nt shaU bind and bPnefit the suooessors aad assiSus of Lender aad Bnrrower,subject to the pmvisionR
<br /> ' of paragapb 9(b).Borrower's coven�nts and agreements shaU be joiat and several. Any Barrower who co-signs this -
<br /> . Security Insuument but doea aot exerute the Note: (S� IB CO-3I�g tll{B S2CUfI�j/ I118trLlmCIIL only w mortgage, grant
<br /> : aad convey that Bo:rower's interest tn the Property under the terma of this Secudty Iasuument; (b) is not personally -
<br /> ,�� obligated to pay the swns secured by this Securlty instrument: and(c)agees that L.ender and any other Bormwer may
<br /> agme to cxtend, modify,forbear or makc any accomaaoiladons with�egard to the eerms of this Securlty Insuument or -
<br /> ''' � � � tlue Note without that Bortowsr's consent.
<br /> ,�_ 13. No4iaes. Any notice to Borrower provided for ia tl�is Secudty Instrument shall be given by delivering it�r
<br /> by mafling it by Hrst class mail unless applicable law requtres use of another xnethod. 'Ihe notice shall be directed to
<br />,_.,.s": �: the Property Address or aay other address Borrower designates by notice to I.eader. Any notice w Lender ahall be
<br /> _ �_.� r�:., given by first class azail to I.eader's address stated herein or any address L.euder deaigaates by notice to Borcower.Any
<br /> =�� `— aoii�e gm� for fn th4s �ty Ins�u�t ghat�he�ctecmed tn have been given to Bormwet or Lender whea ldvea -
<br /> °'=�--:,; ...� es provided in this pamgra�ph.
<br />°��«'f'."'`�- 14. Ciovaafo,g Law:Seve�bility. 'this Secuelty lnetmmeat shall be govemed by federal law and the law of the
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<br /> :��;�•� j u r I s d i c x ioa i a w h ic h t he P m p e rt y i s l o c a t e d. I n t h e e v e n t t h a t a n y p r o v l s i o n o r c l a u s e o f t h i s S e c u d ty I n s t r u.m e nt or
<br /> -�v .�y 11�w��Ai.wr�.i�i�en.►iinei►lo lgv„r��,r•s..�..�t:�►gh�,n�nr nffwrt nther oi+ovisinns of thia Cecuritq inatnm�f or the
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<br />_�-.t,�� Noto which c�a be givea effect without the oontlicxing provislon. To this end the provisiona of Wis Socudty rnstcument
<br /> .°�:�:.j�q and the Note are declared to be severable.
<br /> �� •�"'••,• 15. Boaoaie.r'e Copy. Borrower shaU be given oae conformed oopy of the Note and of this SecurIty Instn�ent-
<br /> ��,.:�;��
<br />�;:�'' ib. H�do�us �ooas. Borrower shall not caase or permit the preseace. use.disposat, atoraBe. or release of
<br /> - _ any Hazardous Stibstancks oa or in the Propeny. Borrower shall not do. nor allow aayone else to do. aaything
<br /> :-�`�.� affe�tIag the Property that ia in violation of eny Environu�ntal Law. The pre�cling two senteaces shail aot apply to
<br /> __-:�� the presence. use,or srorage on the Properey of smali quanUtir� vf Hazardous Sti►bstanoes that ut�e ge�eraity recognized .
<br />--�.��.�.a� to be approprlate to nomnal resid�tial uses and to maintenance of the Propetty. '
<br /> =.ri,r� Bormwer ahall pmm�tly give Lender wriuen notice of any investigation. claim,demand, Iawsuit or other acdon
<br /> -_-_- -_ — by any govemmental or regulatory agency or prlvate party involving the Prope�ty and any�Hazardous S1�bstaace or
<br /> -=_�T----;a--� Bnv3mnmental Lsw of wl►ich Borrower has actual knowlodge. If Borrower l�.or is aotilied by any goY�rrmiental
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<br /> - �.�� or regWatary�authority, that any removal or other remediation of aay Hazardoua S�bstances affectIng the Froperty is
<br />_ .;:'�;�''-� nec�asary.�aonower shall promptly take all aeoessary remedial acxions in axordanoe with Bnvlronmental Law. �
<br /> "-'���� As used fn tlils paragraph 16."Hazardous Substances"are those substances defined as wxic or�doua substances
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<br /> by Em�ironmental Law and the following substauces: .gasoline�kerosene.oth�,fla�rtmable or toxic pe,��tni •products.
<br /> toxic pesricides and herb3cides. volatile solveats. materials containing asbestos dr fom�ldehyde. andf radioactive
<br /> ?T� tnaterlals. As usod in this paragraph 15.°Envimnmeatal Law"aaeans federal laars and lacvs of the 3uctsdiction where
<br /> �.�:�;;� ':�� the Property �a located that relate w health, eafety or environmeata! protoction.
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<br />�r=��-���� ' NON-UMFORM COVENANTS. Borrower and Lender further oovenaat and agee as follows: .
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<br /> .-..�,. 17. As�gm�omt of Reats. Borrower uncondittonally assigns and uaasfera w Leader aU the rents.,and r�vemies .
<br /> ,,�.-,_ . --. , of the Pmperty. Borrower authorjze.s Leader or Lender's ageats to oollect the rents aad revenues and iterebq direcds.
<br /> � each tenaaE.of the Property to pay tfce rEnts to Leader or I.eader's agents. However,prlor to Lead.er's aodce to .
<br /> � �ti Borrower of Borcower's breach of aay covenant o:agc+eennent ia the Securtty Instn�ment, Borrower sbaU collect ead
<br /> receive ali rents aad�svenues of the Property a5 uusteE for the benefit of I.ender aad Borroaer. This ass�gnment of
<br /> '�� r�ts wnstitutes an absolut� assignment and aot an assignrnent for edditional seauity only.
<br /> . �.�;;
<br /> � ��,"`..- If� gives notfc� of bne2ch w Bomower: (a) aII rmcs reoeivod by Borrower sba�t be �eld by 8attower as
<br /> . '
<br /> . �.,,�,.�..�y�;:, tr�stee for benefit of[,�der only.to be applied w the sunss� by the Security Cns�c.�neuc: (1�) Ie�nder shall 6�
<br /> -,�.�-�--- - eatitled to coAect and r�eive all of the rents of the Progerry; an9 (c)each tenant of t�e 1Fl+�gerty s]�alP pay all rents
<br /> " d�u.nnA nrtns{d tn iaad� nr itndePs eQmt oD L�d?1''s wriuea demand ca the tenant.
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<br /> ° ' ' Borrower has not executod aay prior assignment of the �nts and has Aat aad wlll not perform�y�x¢�at wouId
<br /> .. ,�. prevent Leader from exerciaing its rights uader this Patagr.�3 17.
<br /> Lender shetl not be required to enter upon.take oontral of or mafatain the Propeaty before or after giving aodce
<br /> of breash w Borrower. However, t�ender or a judiclallY appointed receiver may do so�t any time there is a breach.
<br /> N�RAtCKA FHA D OF 7itU3f �
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