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<br /> ,�. Ip, fteintt�taae�t. Borrower has a right to bc rcinstated if L.ender has required immediatc paynxnt in(uU ��
<br /> because of Borrower's failurc to pay an a�nount duc under the Note or this Sec;urity Instniment, This right applles
<br /> - even dt�r forcelosure proceeclinge arc Instituted. To rclnstate thc Security Instn�rnrnt, Iiorrowcr shuU tcndcr in a lump �'°:=
<br /> '' sum�II amounts required to bring Borrower's account current including,to the extent they are obligatians of Iiorrawer `�
<br /> � under ttzi�Security InstNment, far��closure costs and reasanable a��o customxry atturncys' f��cs und expenses prapedy �_
<br /> ' . � assoclat�d with thc foreclosure proceecfing. Upnn reinstatement by Borrower, this Security Instrument and the: _,_
<br /> obtignions [hat it sc�;urey shall remuin in cffecc as if Lender had not rrquired imim�dlete paynxnt in full. However, ��:
<br /> .;� Lendet is not required tu pennit reinstatement if:(i) Lxnder has �:cepted reinstaten�ent after tlie conunencemeni af
<br /> foreclosure proceedin�s within two years immeciiately preccding the conunencemerit of a current foreclosure
<br />_=, � procttding, (il) reinstatement wlll preclude foreclosure on dlfferent grounds in the future, or (iii) reinstatement will
<br /> ���' adversely�ffect the priority of the lien creatcd by this Security lnstrument.
<br /> �" ' ��, gormwa Not ttde�od; Poebaranoe by Leader Not i Wdva'• Extension of the time of paymcnt or
<br /> �
<br /> modification uf ennortization of the sums secured by this Security Instnunent gruitecl by Lender to sny successor in
<br /> interat of Borrawer sh�ll not operate to release the liabiliry �f�he original E3orrower or Borrower's successors in
<br /> � � inte�st_ l..ender shal! not be required to commence proceedings against any succes�or in�nterest or refuse to ex«nd
<br /> time tor payment or otherwlse modify amortization of the sums secured by thls Security lnstrun�ent by reason of any
<br />� deriwicl made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising
<br /> � any tlg2►t or remedy shall not be a waiver of nr preclude the exerelse of any right or remedy.
<br />•�'�' ' 12. SLoawocs aod AaiBns Bound: laint aod Sevenl 1-iability�Co-Si�. 'fhe covenants and agreements of this
<br /> Secudty Instnunent shall bind and benefit the successors and assigns of l.ender and[3orrowcr, subject to the provlslons �
<br /> -* of puagraph 4(b)• Borrower's covenants and agreements shall be joint and several. Any Borrower who co•signs this
<br /> , Security Instniment but dces not execute the Note: (a) is co-signing this Security [nstrument only to mortgage, grauit __
<br />,;.,, �,• , and ronvey that Bo�rower's interest in the Property under the terms of this Sr.curity Instrument; (b) !s not personally
<br /> � obligit�ed to pay the sums secured by this Securiry Instrument; and(c) agrees that Lender and any other Bonower muy
<br />��.r,,.;��•�.' agr�e to extend, modify,forbear or maice any accommodations with regard to the terms of this Sec+arity Instrument or
<br /> "` the Note without that Borrower's consent.
<br /> `.�•�'��'` 13_ Notioa. Any notice to Borrower provided for in this Securiry Instrument shall be given by delivering it or
<br />'�.� � by muling it by first class mail unless applicable law requires use of another method. The notice shall be dlrected ta
<br />-. s' � the Property Address or any other address I3orrower designetes by notice to I.ender. Any noticP to Lender sh�ll 6e
<br />- ' • givrn by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower.Any
<br />�•' =.'' •� notia ptovided fur in this Security Ins[n�men� snall i,c ucca►� t��a���.,:,a gise^ie�:r^�rpr ^r 1 rn�trr when¢iven
<br />��;; � as provided in this paragraph.
<br />=-~ '�•' �' 14_ Govaniag LaM:Seva�at►ilitY• '[his Securtty Instrument shall be govemod by federal law and the Iaw of the
<br />�:�;:c:,:t.�;
<br />-_,,S;T��,,;�yri jurisdicdon in which the Propeny is located. In the event that any provision or clause of this Secudty Inst�ument or
<br />-=:�-•'�`��'' the Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the
<br />�;°j�r��,;�•..;' No�e which can be given effxt without the wnflicting provision. To this end the provisions of thls Securiry Instrument
<br />!!_".s r'.•c.;z and the Note are declared to be severable.
<br /> 'ti=�:...--,,,. IS.po�m�er's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrwnent.
<br />��:-••�G ' IG, gawdow Sobqaooes. Borrower shall not cause or pernut the presence, use,disposal, storage, or rele.sse of
<br />�;' ':' any Hazardous Substances on or in the Property. Borrower shall not do, nor allow �u►yone else ta do, anything ,
<br />'"` ' "' � affatin the Pro rt that is in violation of any Environmental Law. The preceding avo sentences shall not apply to
<br />`.-'.'� .:�• B Pe Y
<br />��"'""'�'"� the resmce, use,or storage on the Property of small quantities of Hazardous Substances that are generally nti:ogoizxd
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<br />__ --,:-;:;:;.,,.. to be appropriate to nom�al rrsidential uses and to maintenance of the Property.
<br /> '`�` �� Borrower shall promptly give Lei�der writcen notice ot'any investigatiun, claim,demand, lawsuit or other action
<br /> -:7;�,:.�: :
<br /> � � by my govc�nmental or regulatory agency or private party involving the Property and any Hazardous Substame or
<br /> ,�':�;-!�..•
<br />�:�. ; - Environmental Law of which Borrower has actual knowlecfge. lf Borrower loarns, or is notitied by any goveriunrntal
<br /> ``a� ' ' or rcgUlatory authority, chat any removal or other remediation of any Hazardous Substances affecting the Prope�ty is
<br />—�'���� neassary, Borrower shall promptly take all necessary remedial xtions in accordance with Environmental Law, _.
<br />'-'-��-:�i9"'��F• As used in this pazagraph 16,"Hazardous Substances" are those substances defined as toaic or hazardous substmces
<br /> �_ «,�, ;, by Environmental Law and die following substances: gasolinq kerosene, other flamn�able ar toxic petroleum products,
<br />�.�',-�c«.� •�.
<br /> - _.,r,,, toxic pesticides and herl;icides, volatile solvents, materials containing asbestos or formaldehyde, and radioxtive _
<br /> _U:,•"1_, •-� maurials. As used in this paragraph 16, "Environmental Law"nxans fedcral laws and laws of the jurisdiction when _
<br /> =�� �, the Property is loca.ed that relate to health, safety or environnxntal protection. _.
<br /> � NON-UNIFORM COVENANTS. Borrower and Lender furttier covenant and agree as Follows: =
<br /> y 1�, Asyg�uo�at of(tents, Boaower unconditionally assigns and transfers to I.ender all the rents and re��enues ,
<br /> � •j� ufihe Property. Borrower authorizes Lender or Lender's agents to collect the ren�s uted revenues and hereby directs
<br /> " each tenant af the Propeny to pay the rents to I.ender or Lender's agents. However, prior to I.ender's no�ice to _
<br /> ' Borrotiver of Borrower's breach of any covenant or agreement in the Securiry Instrumcnt, Bonower shall collect and -
<br /> receive all rents and revenues of the Praperty as trustee for the bencfit of Lender and Borrower. This assignment of _
<br /> � rents constitutes an absolute assignment and not an assignment for additional security only.
<br /> If Lender gives notice of breach to Borc�wer: (a) all rents received by Borcuwer shall be held by Borrow•er as
<br /> trustee for benefit of Lender oniy,ro be applicd to the sums secured by the Security Instrumenr, (b) Lender shall be
<br /> entittt.�d to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay :ill rents
<br /> _,_ _- ' - - . . . _ . __�__�_ ..._...... ,1.......«.1 �.. rhn rnn�nr �.
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<br /> due and unpaid to l.enuer or txnacr s egrn� ou ..c��LL« � ......�., ��.......� .� -._ ._r._.
<br /> Barrower has not exe.�cuted any prior assignment of the rents a�id h�.s not and will not perform .uiy act that would
<br /> pr¢ti�ent Lrnder from exe•rcising its rights under this paragraph 17.
<br /> Lender shali not be requirec! to enter upon, t�lce control ofer ►iuint:un the Proprrty befure or after givingnotice
<br /> i of breach to F3onower. However. L.ender or a judici�lly appointed r��ceiver n�ay do so at ury time there is a breach.
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<br /> � NIBItqSKN-F71A DL'L'1)OF'IRUST � , 1 � �
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