|
_�.,�. .
<br /> �N`�. . ( . . . ....
<br /> ,� I r..►�r•:ti , . ��r''�`.°���.�.��'�.�4'�..:;..�:�.,.:�i:.�c+;�d:.:,..:_,.;i.� -ti�....�`_�----;:,
<br /> ,a� .,o� . . �:,+ . -__ -.- -
<br /> . ti� . ..... . ._..r�.'r! . • - - .,. :�t��� �:vT�, .�.:.: .:-- _..
<br /> . ..��ii�,
<br /> . �g- 113o�� __
<br /> ,,.��-�., -
<br /> � > •� conflbt� wkh�pplbabM 4�w, auch conflbt th�u not�tNct oth�r provNbn�of thls S�curRy In�trum�nt or th�Nob whbh can W
<br /> ....„ . pNrn �ff�ot wNhou! th�contliotlny provkbn.To thfa snd th� provlsbn� ol thfe S�curRy Instrument �nd the Not� en d�clu�d to _
<br /> b� s�wrabb. —
<br /> 16. BO��OWQ►'� COpy� BortowK •h�N be pN�n ono conforrrMd copy of tha Not� �nd of thh S�curNy Inttrum�nt.
<br /> �`� � 16. Haardou• Sub�unce�. Borrow�r th�ll not cwt� or p�rmN th� pnsonc�, u��, dSapo�al, stonp�, or nl�s� ol
<br />___ •'�:-t° �
<br /> r'•`Y..r
<br /> � eny H�zerdous Subatancen on or In the Propsrty Borrowa �h�ll not do, nor �Ibw �nyon� �b• to do, �nythfnq �fholkW lh�
<br /> :i,,."':' PropNty th�t is h vbWtbn ot any Envkonrr»ntQl Law, Tho prccedinp t�so santancos shell nat apply to Ihs pnsenc�, usa, or
<br />"'"�'�'�'� �' �tanp� on Ih� Propwty of smoN quantkl�t ol Hwrdous Sub�t�nC�� thll�►1 pM�K�RY ncopnlx�d to W apPropr4�t� to nomwl
<br /> .� rssid�ntkl uws �nd to mahtM�nc�ot th�Prop�rty,
<br />- BorrowK ah�ll prompty pHs Lenctsr wrkten not�CS of any hwstlp�[bn, alalm, dert►end, laweup or other �ctbn by �ny
<br />�," _ —� povemmsr►ul or rpul�tory�p�ncy or priv�t�putY hvoNinp th�PropKty�nd any Hwrdou� Substancs or EnvkonmKSbl Law of
<br />— ^:..,� whbh Borroww has actual knowNdp�. if eortowK M�me, or la notMi�d by �ny Oovwnrr��ul or rpuktory wthorky, th�t �ny
<br /> removal or other rert�edlatbn of 4ny Harardous Substancos aM�cthp the Property fs necsasary, Borcower ah�ll prompty t�k� aN
<br />�:"�::y;�"�,e� necessary nmedMl�ctbns h accordanc� wkh Envfronm�ntal Law.
<br />=;:�u� ' As used h thb paragrl�ph 16, "Huardoue Substane�a" are thoe� subst�ncss delhsd �a toxb or haxardous �ub�tu�cK by
<br />::;t''��,�+�'�:� Envfronmemal Law and the folbwln4 �ubetancea: p�aollne, keroa�ne, other flamnuble or toxb p�troNum product�, toxb
<br /> :�'� '� , pestfcidefls end herbb�des,vclatik �oNwits, matwials cont�fnfnp asboatoe or tormaldehyde, and rsdbantivs ��b�c��hat�n�
<br /> '�� ,`�'�s� tho pan r�ph 18, "Envkonmental Law' rtx�ne laderal kws �nd laws of the jurisdbtbn wh�re the Prap�rty
<br />, •-3.,--+r
<br />- to heaRh, salety or onvironmental protectbn.
<br /> r NON•UNIFORM COVENANTS. Borrower and Lender further Covonant and epree es folbws:
<br />� '. • 17. Atsiynment of Rents. Borrower uncondRbnalry assqns and trnnslere to Lender all th�rants�u►d rw�nu� of th�
<br />_�,�;� Y PropY�ty• Borcoww authorizas Landar or Lendar's oponts to colkct tha nn►s and revenuas Rnd hw�by dhote wch t�n�nt of th�
<br /> . � Proparty ta pay tha rents to Lender or Lenders epents. However, prWr to Lender's notVice to BoROw�r oi Borrowers bn�ch of
<br /> ••���'�•� any covenant or apraement h tho SecurRy Instrument, Borrower shall collect nnd recehre nll rents and rownuat of th�Prop�rty
<br />,�� x;;a' BS tN6�96 for the bonefit of Lender and Borrowor. This assipnmont ol rents oonstRutes an absolut� aaslpnm�nt �nd not �n
<br />-;,�7'�� asslpnmentlor addRbnal s9curRy ony.
<br />--;.,��.;.•-. If Lendor pNes noth.e of breach to Borrower: (a) all rents receNed by Borrower shall ba held by Borrowar a� WstM for
<br />_:`,'1�•`,,',;,T ' . benetR of Lender ony, to be applied to the sums secured by tho Securky Instrume�t; (b) LendK ah�N tH M�tMl�d to colMct�nd
<br /> �.r�l, = receNe all o� the rents of the Property; and (c)each tenant uf the Property shpll pay all rents due �nd unpaW to I-�nd�r or
<br /> '-"3'�:-��- LenUYfs oqwit on Leno�s wriiiwi uwiwi�d tc ths;�:..r:.
<br /> � r:.
<br /> +.j>ei:.,. .�..
<br /> Bonoww has not exeCUbd �ny prbr aat�pnmsnt ot ths rsnts�nd haa not and wlll not p�rform �ny �ct that wouW prw�nl
<br /> ry,R='�f�yn..;
<br /> --.,T:Y�;�. Lender hom exerClsinp Rs rfphts under thls Paraflreph 17.
<br /> �?'�,�:f�s� Landar�htll�ot bo nqukW to mt�upon,I�ko control of or mahuh th�Prop�rty bNon of�ft�r plvin0 notfc�of bn�oh to
<br /> �'' Bortower. However, Lendar or a Judblally appofnlad ncehrer may do so at u►y tkne thsre fa I� brMCh. My�pplfc�tbn of nnN
<br />�.;�.:�
<br />°';1�,j���•�° shall not cure or waNe any defauR or Invalidate 4ny othor ripht or rertiedy of Lender.This �sslpnment of r�nt� of th� PropWty
<br /> a,�
<br /> :�������.
<br /> ahaY termin�te when the debt secured by lhe SecurNy Inatrum�nt b pald k► full.
<br />-;,-;r;;-.:,:;.,�� 18. Foreclow�e Procedure. If Lender requires immedl�te payment In lull under P�r�qr�ph 9�
<br /> �:;^����° Lender mt+y Invoke the power of eele snd eny other remedles permitted by eppllc�ble I�w.
<br /> _• u,,;.
<br />- '"` ���`"- Lender �hall be entitled to coilect ell expanses Incurred In pur�uln� the remedlea provid�d in
<br /> "�'�m�-� this Pereyreph 18, includinq� but not Ilmited to, ree�onable ettorney�' feea end cosb of tiUe
<br />.—_`.=.-`�'-�; evideoce.
<br />__==_•;r;.�'=�J
<br /> �;-.;:�-����j Ii the power of sale ta tnvoked, Yrustee shall record a notice of defsult in each county n
<br />-�K���■ which eny pert ot the Property is located and she�� maU copiea of wch noUce ln the m�nner
<br /> � prescribed by eppliceble Isw W Borrower end to the other peraons prescrtbed by appllceble I�w.
<br />='�� ;�: Atter the time required by epqliceble law, Truriee she l l q ive pu b l ic n o t l c e o f �a l e t o t h e p e r�ons
<br /> - ������ end in the manner prescribed by spplicebte Iew. Trustee, without dem�nd on Borrower, �II �ell
<br /> �`""�'"� the Property et public suction W 1he hipheat bldder et the tlme end plece and under the term�
<br />- � �='*ik
<br /> ���:��`� dealynetGd In the notice of sale In one or more psrcel� and In any order Truatee dsterm ne�.
<br /> ��"�"' Trustee may poatpone sala of �II or eny psresl of the Property by publle announcament �t the
<br /> ��'��k time and plece of eny prevloualy scheduled sale. Lender or Its desiynee mey purchsse the
<br /> .„�,...,.
<br /> ,,,ti,,.,...,..
<br /> .;�..�,,,_. Property at eny sele.
<br />--_;�_��, ,. ,� Upon receipt of peyment of the price bld, Trustee sha�� deliver W the purchaser Trustee'a
<br /> ° �� �-�,- deed conveylnq the Properry. The recitela In the Truatee's deed shall be prtme fecle evidence of
<br /> the truth of the atetements mede therein. Trustee �hall spply the proceed• of the sale In the
<br /> � � `� followinp order: (e) to ell coau and expen�es of exerclslny the power of �ale� and ths sele�,
<br /> includin0 the peyment of the Truatee's fees actuelly Incurred, not to exceed 3
<br /> � of the principal amount of the note at the time of the decleuetlon ot dsteult, end reuonable
<br /> ��• ettorneys' fees es permitted by lew; (b) to all sums �ecured by this Security InaVument; snd (c)
<br /> � eny exceaa to the p�rson or pereona le�ally entitled W it
<br /> � � If the Lender's Interest In this Security Instrument la held by the �ecretary end the Secret�ry
<br /> requiree immedlete payment In full under Parayreph 9, the Secretery mey invoke the nonjudictel
<br /> � • � power of sale provided in tht Slnqle Famlly Mortyaqe Forecloaure Act of y 994 ("Act") (12 U.S.C.
<br /> ' 3751 g��gg•1 by requesting a foreclosure commissioner desl�nated under the Act to commence
<br /> � �----� -�---� �- __ ____.IJ�J lr th� Aw� uff*�1�11fl �n the nrecedlna sentenca �
<br /> ..":._..__.__ _�'-. - -
<br /> forecloaure and to acii i�E rroperiy as N�uv�uc�+ u. u�o .-...•. •---•••- --- - • -
<br /> � shall deprive the Secretary of any righta otherwise aveileble to e Lender under thla Paraqreph 18
<br /> � or epplicabl� lew.
<br /> 19. Heconveyence. Upon payme�it ot all sums secured by this SeCUrity Instrument, Lender ehall request Trustie to
<br /> reconvey tho Proporty and sheil surrender thfs SecurRy Instrument and ail noted evidencinp deht secured by thla Securky
<br /> Instrument to Tniste9. Trustee shell reconvey the Property wRhout warranty and wrihout cherpe to the person or persons lepaly
<br /> � ontitled to�t.Such person or persons shall pay any recordatbn casts.
<br /> ' I
<br /> F,Et9lMU (�OIBE) Pllq��ol 6
<br /> i
<br /> � I OOD ... ._ _ . . . -.
<br /> I
<br /> � -
<br />
|