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<br /> 10. Ltc;inat�tcmunl. Aorruwcr hus u rlght to hc rcinst:�tcd ii Lcndcr hus r�quir�:Q immcdlutc pirymcnt in [ull • -_
<br /> hccuu�c uf�urruwcr':+fallurc u� puy un umuunt duc uncicr thc Nutc or►his Sccuriry Instrwncnt. Thlr; right npplics � '
<br /> cvcn aftcr f�ru:losurc prc�.�:diny.w urc lnstltutul. To r�instetc thc Scc�ri�y Instrumcnt�Fiorrc�wcr�haU tcndcr in u lump . �f•:�
<br /> sum ull amaunt�ti rcyuircd to bring B�rrowcr's ucu�unt currcnt including,ta thc cxtcnt thcy urc obligudons nf Bnrrow�r •;.
<br /> undcr thls Sccurity lnstrumcnt,(orcclasurc cos�ti und reasonablc and custamary uaornuys'fccs und expenscs properly -. ;
<br /> assoctatcd with thc [oreclosurc prcx;ccding. Upon rcinstatcmcnt by Borrowcr, this Sccuriry Instrumcnt and the .,�;;;.
<br /> obligations that it secures shall rcmain in effect ns if Lender had not rc:quircd lmmcdiat�payment in full. However, . _--___
<br /> L,�nd���Is nui ra:yuirul to}x:rmlt reinstatement if:(i}Lender has accepted relnstatement after the commeneement of i � ___
<br /> fareclasure proceedings wlthin two yea[s immedlately preceding the commencement of a current foreclosure `•_��
<br /> ..�.•M°"' proceedtng, (Ii) reinstetement w[ll preclude fareclosure on different grounds in the future.or(tii)reinstatement will ��"�='=;.
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<br /> �`'�' adversely affect the prlodty of the lien created by thls Securiry Instrument. ;__-__
<br /> 11. Borrowr�r Nat Releascd; Forbcarauoe by Lender Not a Waivcr. Frxtension of the time of payment or '"''•;:;;_:
<br /> modificatlon of amorUzatian of the sums secured by this Secudty Instrument granteci by Lender to any successor in �'�-��
<br /> interest af Borrower shall not aperate ta releass the liability of the orlginal Borrower or Horrower's successors in �'�.:=�=
<br /> interest. Lender shall not be requtred to commence praceedings against aay successor In interest or refuse to extend _
<br /> ttme for payment or othenvise modify amonization af the sums secured by this Security Insuument by reason of any
<br /> demund made b,y the original Borrower or Bonower's suaessors in interest. Any forbearance by Lender in exerctsing ,,�_"
<br /> � any right or remedy shall not be a waiver of or preclude the ezetcise of any right or remedy. _
<br /> • f 12. Sucasso�s aad Assigos Bouud;Joint and SeNeral 13abi�ty;CoSigners. The covenants and agreements of this
<br /> �� Security Instrument shall bind and benefit the success�rs and assigns oP Lender and Borrower,subject to the provlsians
<br /> of paragraph 9(b),Borrawer's covenants and agreements shall b�Joiut and several. Any Borrower who co-signs this . _
<br /> Security Instrument but dors not execute the Note:(a) is c�n-slgning tbis Security Instrumeat only to mortgage,grant
<br /> � � and convey that Bonower's interest in the Propert}+under the terms of this Secudty Instruinent;(b)is not personally
<br /> obligated t�pay the sums secured by thLs Securiry Instrument;and(c)agrees that Lender and any other Borrower may _
<br /> �. asree to extend,madify,forbear or make any accommodadonswith regard to the terms of this Security Instrument or
<br /> the Note without that Borrower's consen�
<br /> .� 13. Notkes. Any notice to Borrower provided for ln this Security Instrument shal!be given by delivering it or -
<br /> by mailing it by tirst class mail unless applicable law requires us�of another method. The notice shall be directed ta
<br /> the Property Addtess or any other addre.ss Boxrower designates by notice to L.ender.Any notice to Lender shaU be
<br /> '� given by tirst class meil to Lender's address stuted herein or any address L.ender designates by notice to Bonower.Any
<br /> � notice provided for in this Security Ins[rument shall be deemed to have been given to Borrower or Lender when given °
<br /> ,: as provideci in ihu paragcn�ili. ��
<br /> � y' 14. Qavetain6 Lw;Sevetabillry. This 3ecurity Instrurneat shall be governed by federal law and the law of the c
<br /> r' . judsdictlon in whlch the Property is located. In the event that any provision or clause of this Security Instrument or ■�
<br /> ' che Note coMicts with appltcable law,such conQlct shall aot affect other provlsions of this Securiry Instrument or the
<br /> • �' Note which can be given effect without the conflicting provision. To this end the provisions of this Securlty Instrument —
<br /> � and the Note are declarec!to be severable.
<br /> 15. Boimwer'&Copy. Banower shall be given one conformed copy of the Note and of this Security Insuument.
<br /> 16. H�trdaus Subsuna�. Borrowcr shall not causc or permit the presencc,usc,dtsposal,storage,or release of
<br /> any Ha�ardous Substances on or in che Pmperry. Borrower shall not da, nor allaw anyone else to do, anything —
<br /> atfecdng the Property that is in vialatlan uf any Envirunmental I.aw. The prc;cecling two sentences shall not apply to __
<br /> thc presence,use,or starage on the Property of small quantitics ot Ha�ardous Substances that are gencrally rccognizecl
<br /> to be appropr�ate to normal residential us�and to malntenanc:e of the Property. -
<br /> Borrower sP�ell promptly give Lcnder written notice of any investlgation,claim,demand,lawsutt or other actton e___
<br /> by any govemmcntal or rcgulatory agency or private party Involving the Properry and any Hazardous Substance or t.
<br /> Environmentul Law of which Borrower has actual knowledge, If Borrower Icarns,or is nottfied by any governmental E_' ..
<br /> or regulatary authority.that any removal or other remediation of aay Harardous 5ubstuaces affec:ting tlie Property is •`�
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<br /> necessary. Borrower shall promptly take all ne.cc:ssary remedial actlons in accordancc with EnvIranmental Law.
<br /> �• � As used in thfs paragraph 16."Hau►rdous Substanres'are those substances defined es toxic or hazardous substances �"-
<br /> �� • by Envtronmental Law and the following substances: gasoHne,kerosene,other flammable or toacic petroleum products, �-�
<br /> toxic pe;sticldes and herbtcides, volatile solvents, matedals containing asbestos or formaldehyde, and radioactive
<br /> materials. AS uscd in this paragraph lb,"Environmental L.avl' means federal laws and laws of the Jurisdiction where
<br /> the Properry is located that relate to healch,safery or environmental protection.
<br />. NON-UNIFORM COVENANTS. Borrower and Lender funher covenant and agree as follows: -°-=�==
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<br /> �1 17. Assi�ment of Rents. Borrower unconditionally auigns and transfers to Lender all the rents and revenues ;�'�i-
<br />_ of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs :�,�,.
<br /> � cach tenant of the Property to pay the rents to Lendcr or l�.ndcr's agcnts. However, prior to Lender's notice to ";��_
<br /> Borrower of Borrower's breach of any covenant or agrc:ement in the Sec:urlty Instrument,Borrower shall collect and
<br />- I reccive all rents and revenucs of thc Property as trustee;for the benefit of Lender and Borrower. This assignment of
<br /> 1 rents constitutw an absolutc assignmcnt and not an assignrncnt for additional sccuriry only.
<br /> � If Lender gives notice of breach to Borrowcr: (a) all rents rcceiveci by Bonower shall bc hcld by Borrower as
<br /> trustce tor benefit ot Lendcr only,to bc applteci to the sums securui by the Security Instrumcnt (b) Lcnder shall be ,
<br /> � entiticd to wllcct and rea:ivc all of thc rents of the Properry;and (c)cach tenant of the Properry shall pay all rcnts
<br /> , duc and unpaid to Lendcr or I,cndcr's agcnt on Lcndcr's writtcn demand to thc tenant.
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<br /> prcvent Lender frc�m cxcrcising its rights undcr thts paragraph 17. I
<br /> • Lcndcr shall not bc rcquircci to cntcr upon,takc contral uf ur maintain thc Properry bcforc or aftcr giving noticc
<br /> � , of btr,ach to Borr�wcr. Howcvcr,I..cndcr or a judicially appointui rcc:c:ivc;r may do so at �ny timc thcrc is a brcach. i
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