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<br /> � tcmcn� Borrower has a ri t to be reinstated if L.ender has r uired Immediate ayment in full
<br /> � 10. Reimts gh �9 P
<br /> ! because of Borrower's fallure to pay an amount due under the Note ar this Securiry Instrument. This right applies „
<br /> � even after foreclosure proceedings are instituted. To relnstate the Security Inscrument,Borrower shall tender in a lump ' ,
<br /> sum all amounts required to bring Banower's account cunent lncluding,to the extent thcy Are abllgations of Borrower
<br /> under thLs Security Instrument,foreclosuro costs and reasonable and customary attorneys'fees and expenses properly =
<br /> associaterl with the foreclasure proceeding. Upon reinstatement by Barrower, this Security Instrumeut and the �.
<br /> . obligations that it secures shall remain Ia effect as if L.ender had not required immedlate payment in full. However, ���•"".��
<br /> � Lender Is not required to permit reinstatement if: (i)Lender has acceptetl reinstatement after the commencement of ...� __
<br /> � • � foreclosure proceedtags within two ysars immedlately preceding the commencement of a current fareclosure ',:��
<br /> ' 'V�„ j praceecling,(il)reinstatement wlU preclude foreclosure on dlfferent grounds in We future,or (Ui) reinstatement will 4
<br /> . ,,,,,,,�, adversely affect the prtority of the lien crcated by thLs Securiry Instrument. �,�, _
<br /> � , il. Borraw�er Not Re�ased; Forbearance by I.ender Not a Waivcr. Extension of the time of payment or h.�,
<br /> modiQcation of amortlzation of the sums secured by this Security Instrument granted by Lender co any successor in Q 4
<br /> Interest af Bonower shaU not operate co release the 1labiliry of the origlnal Bonawer or Bonower's successors in �
<br /> interest. Lender shall not be required ro commence proceedings against any successor in interrst or refuse to extend
<br /> time far payment or otheTwtse modify araortizatiaa of the sums secured by this Securiry Instrument by reason of any �i
<br /> demand made by the original�3orrower or Borrawer's successors in interest. Any forbearance by Lender in exercising
<br /> any rlght or remedy shall not be a waiver of or�reclude the exercise of any right or remedy.
<br /> • 12. Suooc�asora aad As�i�m Bound;Joint and Sevcral I�bllity;CoSigneis. The covenants and agreements of this
<br /> '. Security Instrumcnt sdall bind and benefit the successors and assigns of Lender and Bonower,subJect to the provisions
<br /> of paragraph 9(b).Borrawer's cavenants and agreements shall be Joint and several. Any Borrower who c,�•signs this —
<br /> , Securlty Inscrument but does not exccutc thc lYote::(a) is co-signing thls Security Instrument only to mortgage,grant
<br /> und convey that Borrowcr's lntcrest in th�Property under thc tcrms of thts Security Instrumcnr,(b) is nat persanally
<br /> obllgAtcd to pay thc sums sccurcd by this Security Instrumcnt;und(c)agrc:cs that L,endcr and any othcr Borrowcr may
<br /> �" osrc;e to extcnd,madify,farbcar or malce any Accommcxlations wlth regurd ta tho terms of thls Security:nstrument ar ,
<br /> thc Notc without that Bnrr�wcr's canscnt. '
<br /> ,� 13. Notlaa. Any notice to Borrawcr pravidcd for in this Security Instrumenc shall be given by delivering it or
<br /> by mailing it by tirst class mail unlcss upplicablc law requires use of another mcthod. The notice shall be directed to
<br /> the Property Address or any other address Borrowcr deslgnates by notice to L,ender.Any notice to I.ender shall be
<br /> . � given by first class mall to Lender's address stated herein or any address Lender designates by notice to Barrower.Any
<br /> , V • notice pravided for in this Secudty Instrument shall be deemed to have been given to Banower or Lender when given —
<br /> ac�►rovided in this»ara�ra�h. ,
<br /> ,� 14. Cio�eming Law;ScverabiIIty. This Security Instrument shall be governed by feder�l law and the laH of the
<br /> �. jurisdiction in which the Property Is located. In the event that any provIslon or clause of this Security Insuument or
<br /> �� � the Note conflicts with applicable law,such contlict shall not affect other provisions of this Securlry Instrument or the
<br /> ��• Note which can be given effect wlthuut the conflicting provlsion. To this end the provlsions of this Security Iastrument
<br /> and the Note are declared to be severable.
<br /> I5. Bonow�et'a Copy. Bonower shall he given one conformed copy of the Note and of this Security Instrument.
<br /> 16. Haurdous Subatanoea. Borrower shall not cause or permit the preseace,use,disposal,storage,or release of
<br /> any Hazardous Substances on or in thc Property. Bonower shall nat do, nor allow anyone else to do, anything _
<br /> affecting the Property that 15 in vtolatton of any Environntental Law. The prececling two sentences shall not apply to —
<br /> the presence,use,or storage on the Properry of small quanddes of Hazardous Substanc�s that are generally recognized
<br /> to be appropriate to normeA resldentlal uses and to maintenance of the Properry.
<br /> Bonowcr shall promptly glve Lender written notice of any investigation,claim,demand, lawsuit or other action
<br /> by any govemmental or regulatory agenc.y or private party involving the Property and any Ha•rard.ous Substance or �`
<br /> Environmental Law of which Borrower has actual knowledge. If Bonower leams,or is notified by any govemmental
<br /> or regulatory authority,that any remova!or other:��e..''ist+.ar.Uf;:n,Ha�:.:dous Substance.s affecting the Properry is
<br /> necessary, Borrower shall promptiy take all necessary remedial actions in accordance wtth Envlronmental Law. �_
<br /> �� As used in this paragraph 16,"Hazardous Substances"are those substances defineci as toxic or ha�ardous substances ��`—
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<br /> by Environmental Law and the following substances: gasoline,kerosene,other flammable or toxlc petroleum products, -
<br />- toxic pesticides and herbicides, volatile solvents, materIals containing asbestos or formaldehyde, and radioactive -
<br /> materials. As used In this pamgraph 1G, "Envlronmental Law" means federal laws and laws of the jurisdiction where ,; �-
<br /> the Property is located that relate tu health,safety or environmental protectinn. -
<br /> , NON-UNIFORM COVENANTS. BonAwer and Lender further covenant and agree as follows; -_
<br /> � 17. Assignment of Rcnts. Borrower uncoaditionally asstgns and transfers to Lcnder all thc rents and revenues -
<br /> of the Property. Borrower suthorizes Lender or L.ender's agenu to collc:ct the rents and revenues and hereby directs -
<br /> each tenant of the Property to pay the rents to Lendcr or Lender's agents. I-Iowever, prior to Lender's noticc: to ..
<br /> Borrower of Borrower's breach of any covenant or agreement in the Security Instrument,Borrower shall collect and '
<br /> rccc:ive all rcnts and revenuc:s of thc Property as trustee for the bene�t of L.ender and Borrowcr. This assignment of
<br /> ' rents constitutes an absolute assignment and not an assignment for additional security only.
<br /> � If Lendcr gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Bonower as
<br /> � trustce for benefit of L.ender only,to be applieci to thc sums securcd by the Security Instrumenr,(b)L.ender shall be
<br /> � entitled to collect and receive all of thc rents of the Properry; and (c)each tcnant of the Pr�perty shall pay all rents
<br /> � due and unpaid to L.ender or Lc:ndcr's agen:on Lender's written demand to thc tcnant.
<br /> Borrower has not exccute:�any prior assifinmcnt of thc rents and has not and will not perform any act that would
<br /> prcvent L.ender from exercising its rigltts under this paragraph 17. �^
<br /> Lc:ndcr shall not be required to enter upon,take a�ntrol of or maintain the Praperty before ur aftcr gtving notic:c �
<br /> ' o[brc:ich tc�Bc�rrowcr. Howcvcr,Lc:ndcr or a judicially appntnted ra;civcr may cio so at any timc thcrc Is a brcucti.
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