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<br /> 90---� 1038`79
<br /> = s. a:roas�u ror Accekntto�ai uNt.
<br /> t�)p�t�wlf. Ltn�tet msy,except a�limite�i by re�ulatloiu issuecf by the Secsetary i�the cxse of payment defaults,require
<br /> • immediate p�yment ie fup of dt zum�scr;urnl by thi�Secudty Instrument iP:
<br /> - (i)Borrower ckf�ult�by faiUn�ta psy in fup any mo�thly payme�lt�equtrcd by this Security Instrument prlor to or on
<br /> s��s��..•!-�r:!::r.:�! �o::��l;�f:..:nt,cr
<br /> (� t�,lBorrQ�rer det�►alis bY tWtn�,for a prr�od of thtrty days,to pertarm a�y whcr obli��eions cantained in this Secs�rit�r
<br /> � [n�trumau.
<br /> M Sde vY11M.t craiit A�a1,t,ceder el�ll.if pamit�ed bY appti�aDle larr�nd witA the pricr apQrov�1 Q,t'u�e Sarcinry,requine
<br /> immedia�o p�yment ia fWl of aU the wau eecurod by this Savrity In�tnuned if:
<br /> : (i)All or put of tbe Prope�ty is ad�v�iee tr�uterced(otAer tlun by devi�e or desoar) trj thc Borrowa.and
<br /> (i�7Ue PmpMy is aot o�n�iad bY�P��a���a his or Aet p�imuy or�000nd�ry raidenoe.oc the purcl�tr ot
<br /> @wse doai eo cion�ry tbe Pt�apnty 6ut Ir�a hr ce�dit h�not beaa�pp��od in ac�oord�noe wMh the�uGemeets attse Sec7e�ry.
<br /> (c)N�Wrr�r.lf circunuunca occyr that would permlt Lender to require iminedi�te payment in fuU.but Lender does not
<br /> reqt�ire:ucb pymaiU,Lcnder dvp not waive its ri�hu�ith respect to aubsequent evrnta.
<br /> N1�WMr of 8UD 8�ee�f�r�. In many circwasanca rejutation�issued by the Secretary wiU IImit Londc�'s rl�hta�In
<br /> , the ca�e of p�yment detauh�.to require lmmediue p�ymeat ia full and fareclose If not paid.Th1a Security Instrument das
<br /> . not autLorise accderation or foreciosure if not permitted by resul�tlons of the Secrr.t�ry,
<br /> . 1r. �drhM�eN. Borcowet tw a ri�ht to be rcinnated if Lender h�s rcqulred immedi�te payment in full becawe of �
<br /> BorroMCr'�failure to pay an amoum�t due under the Note or thl�Security Instrument.Thla risht applla e�cen�fter foreclosure
<br /> , prooee�ie�p ue in�ltuted.To rein�ute thc Security Instrument,Honower ahall tendar in�lump sum W emounu requlred to
<br /> Mriaj llorrower'� �000unt carrmt includln�, ta the eatent they are obli�atlon�af Borrowor under this Security Instrument,
<br /> fonclaure costa �nd reawnabk and customuy attoraey's fees and expenaes properly auociated wleh ehe foreclosure
<br /> proceedin�.Upon reia�utement by BonoMer,thi�Secnrity Instrumen¢�tnd the oblijations that it secura shaA rernaln in effect a�
<br /> if Leeder h�d not tequlred immtdiate p�yment in!uL'.However,Lender is not required to permit«instatement lf:(i)Leader has
<br /> � �cepted ceilutaten►eet after the commencement of forecbaure proceedln�a within two 3rars immediately precedin� the
<br /> � commencemrnt of a curreat foreclosure proceedin�, (ii)reiau�tement will preclude foreclosure on difterent �rouada in the
<br /> � futun:�or(Ill)relnsutement wA)adversely affect the priorit�c�f the tien created by this Security instrument.
<br /> ; 11. �rowK Not Aekaud;FoNe�n�ce ay I,e�ier No1 a Wai�er. Extrnsion of the tlme of payment or modit3cation of
<br /> amortizaHon of the sum�aecured by thi�Securlty Instrument granted by Lender to any succasor in interat of Banower sh�ll not
<br /> operate to releau the liabllity oi tht ori�inal Borrower or BoROwer's successor in intercst. Lender shW not be requlred to
<br /> ; comme�x proceMinjs apinst�nw successor in interat or rct�rse to euend time for pa}�ma�t or otherwise modify unonlzation �
<br /> .. ; o!tho s�ans �ecwed by thts Saurity Instrument bY rea�n of�ny demand made ba t�e orl�inal Borrower or Bonower's
<br /> : suooaaors ln interat. Any forbearance by Lender in exerclsinj any d�ht or remedy shall not br a waiver of or preclude the �
<br /> ' atetcise of any risht or rcmedy. ,
<br /> 12• S�eca�a�iM A��30��;�oi�1 aN&renl WNity;Co-Slsaers,The covenanu and a�reements of this Security F .
<br /> _ _ �[1iLill�flt tI1iI1 bind�d Ilme�ll the wccect[�rn and a�xi�n��F I��^:.��:..��'r:�L::�jKt iv 2�ic��bviS�6na vi pir��rapll$.O. -- - �-�-
<br /> Bona�er's coveriants and a�reems�ta shalt be jolnt and several.Any BorroMer Mho co-signs this Security tastrumrnt but does
<br /> not execute the Note:(a)i.i co-aipiln;this Stcurity lnstrument oNy to mon�e,�rant and convey that BorroYVer'a interat in �
<br /> the Property under the temu of this Sccurity Instrument;(b)is not personally obllgated to p�y the sums securcd by thia Security •
<br /> Itistrument; and (c) agras th�t Lender and any other Borrower may a�roe to extend, modify. forbear ar make any ---
<br /> ! accommodations with reprd to the term of this Security lnstrument or the Note without that Borrower's conxnt.
<br /> ; 13.Notkq,My notice to Borrower provid�d for in this Security Instrumrnt shall be�iven by deliverina it or by mailing it by
<br /> first clau mail unlas appllcable law requira use of Another method.The notice shall be directed to the Property Addras or any
<br /> , other address Bortowtr desl�nata by notice to Lender.Any notice to l.ender shall be given by Pust clus m�il to Lender's addras
<br /> • stated herein or any addras Lender daip�ates by notice to Borrower. Any notia provided for in this Security Instrument shafl
<br /> ` be deemed to have bxn�lven to Bonuwer or Lender when given as provided in this puagraph.
<br /> U�Ca�ren(�Law:SertralrWry.This Security Instrument shxll be govemed by Feder�l taw and the law of the jur'�d:�Kion in }
<br /> wrhich the Property is loqted.In the event that any provision or clause of this Secnrity Instrument or the Note confllcts with ap�
<br /> + pllqbk law.sueh conf]ict shall not affeet other provisions of this Security Insttument or the Nate v►hich can!�e given effect -
<br /> � without the coaflicttn� ptovision. To this end the provisions of this Security Instrument and the Note are declued to be
<br /> ' severabk.
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<br /> 1S•�*uwer's Coq• Borrower shill be given one conformed copy of this Security Instrument.
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<br /> , lf•A�ip�t oiRe�b.Borrower unconditiomally assigns and transfers to Lender all the rents and revenues of the Ptoperty.
<br /> Borro�va authorize�Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Propeny
<br /> to p�y t6e tents to Lender or Lendcr's agents. However,prior to Lender's notice to Borrower of Horrower's breach of any cove-
<br /> Aam or'a�reemeat in the Socuriiy lastrument.Bonower shal}collect and receive all rents�nd revenues of the Propeny as trusta
<br /> fqr the brntfit of Lender and Botrowe�.This assignment of rents constitutes an absolutc usignment and not an assignment for
<br /> arldltional security oNy.
<br /> If Lendrr aives nasia of brrsth to Barrawer:�a;al!rents re�xivec!by Barrawcr sha�i be held by t3orroarr as trus�ee f�r he�efit
<br /> � of t,ender oniy.tn be aDpliui to the swns secvrtd Dy the Security instrument;(b)Lender shall be entitleA to collect attd tecrive all
<br /> , of tht reots of the Property;anc!(c}each tenant of the Propcny shall pay all renu duc ar,d unpaid to Lendcr or Lcnder's ag�nt
<br /> • on Lrnder s wtitten demand to the tenant.
<br /> Borrower has not executed any prior assignment of the rents and has not and will not perform'any act that would prevent
<br /> l.ender from cxercising its rights under this paragraph lfr.
<br /> Lender shall not be required to enter upon,take control of ar maintain the Property before or after giving notice of breach�o
<br /> Sorrov►�ee.However,Lender or a judicially•appointed receivet�nay do so at any time there is a bteach.Any applfcation af rents
<br /> shal)not cure or waive any default or invalidate any oiher right ot rcmedy of Lendcr. This assi�ynment of rents of the Property
<br />, shall terminate when the debt sesuted by thc Security Instrumcnt is paid in fuU. ' ��---�
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