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- - � � � Q iv��4� !.cro��tor Ac�eientios ot DeN. "'O� (��cl�!,�rndtr!+±!y,eR!Y�.+!�l.��lttd by[tt,uls�dons issutd by the ve_rstuy 3:�thr case ot'psym:nt defaults�r.auiss , iatmediate�ymsnt in ful!ef all sums secured by thb Seeuriry lnsttumcnt It: (�Bortower defwlt�by tailin�to p�y in futl any monthly peyme�i required by this Security Itistrument prior to or oa � the due date o�ehe next mnnthly p+yment,or , I (i1)Horro�rer detauhs by fdlin��for�period oi thinp d��n,ta perfa�m eny ather oblIptions contained in this Securtty f In��t�nt. � (b)Syle Wlf�t CS��e�t A�pea�v�l.Laricr eEa�ll,iP Parnitk�d by aPP�x+�bie law�ad with the pt�or�pp�+uva!oi tho Secrtuy,zoquire � immedWe p�ymeot la liill of dl the aum�securaf by thi�Secwity Io�nunent if: i ()All or prt of Ibe Y�o�ty i�a�hmwl�e oraatftsmed(otb�r dun by d�wise a dacar)by tbe Bomnwtr,and (li)71�e Propaty b not aax�pded by tbe pu�ch�er a�uMee as his or her primuy or�000c�duy raidenoe,or We pun4uxr or g�Mee daa so ooa�y d�e Prnpaty but h�oi ber c�edt 1n�aot been�ppwod io�c+oond�ore tb'w�b e i+oqudt�rw of tho Secrwry. (e)N��Haber.If circumstances occw that wouW pormit Leuder to require immedi�te payment in full,but Lender does aot i+eQnlce such papmeiat�.Lender doa aot waive its rishb with rapect to subsequent cventa. j t�)�IMNr�t AUD 3ee�+etar�.In many circumat�nas re�ulatioa�iasued by the Socretuy will UmIt Lender'a risht��in � the cau of p�yment deiaults,ta roqulre immediite payment in full and foreclou If not paid.This Secunty Instruraent doa � not authorize�ccekratioa or foreclosare lf not permitted by re�ulations of the S�cretuy. l�. �d�l�t. Bon�o�er has a ri�ht to be reinstated if Lender hu required imme�iate psymont in full because of • Bocro�rer9 failure to pay ae��mouat due under the Notc or this Serurlty lnstrumeat.This rijht applies even after foreslosun ' prooeedln�an inatituted.�'o reinsate the Security lastrument.Bortower shall teader in a lump sum all amounts requlred to -- � ��!S4M!r��!!I!T£!lfft!+f inch«fin�i tp 1�1e,��nt th��,+„►!�1,�1 s�:;4^M 'Jf p^;laC.:f:2II�.i 2Ziiii$��rtIPlij ia�,iYa�iilcu�s , foreelo�un oosts and rasonable aad cnstomary attoraey'a fas and eapeases properly aasociated with the foreclosure i prooeedlqs.Upon reinstateweat by Bonower,this Savrity Instn:mtat and the obli�tions thu it secures sh�ll rtmain in effect as if I.endcr had not requircd immedi�te pi►ynaeat in full.Ho�vever.I,eader is not required to pennIt reinstatement lf:(�Leader hss � aaepted reinst�tement after the commencement of foreclosure proceedL� wIthin two yeus immedlately precedjng the commenoement of�current foroclwure proccedin�, (ii)rdnsutement will prxlude foreclosure on different grounds in the � fut�re�a(iil)rrinstatement will adversety affect the Driarity of the Uen crated by th9s Security Instrumrnt. 11.Donewer Not Rekaud; Fordeusace E�r I.e�de�Not a R►aher. F.a�teasion of the time of payment or modification of . amortlution of the sums secured by thls Secudty Instrument Qranted by Lender to any succexuor in interest of Borrower ahW not operate to rekase the liability of the oripnal Honower or Borrower's successor in interest. l.endes shall not ix required to � commenoe prooeed�nss apin�t any sucoessor in intereat or rcfuse to extend time for psyment or otherwlse modify unortlzation � j of the sums �e�uM by th9s Security Inatrument by rauon of any demand made by the orlglnal Borrower or Borrowra's � snooesaon in iet�erest,Any forbearana by Lender in ezercising any r6�ht or remedy shall not be a waiver of or preclude t6,r - � exercise of aay ri�ht or remedy. - _i�_' - i lt.S�cce�oa�M A�ip��,Joi�t a�d Se�enl WDNtty:Co-Sipen.The covenants and agreements of this Security : � Instr�mait shall bind and benefit the successora and aulgns of Lender aad Borrower,subject to the provlsions of paragraph 9.b. f� ' ; Borrower's covee�►ats and a�reements shall be joint and several.My Borrower who co-signs this Securlty Iastrument but doa -- i not execute the Notr.(a)is co-signin=thi�Security Instrument only to mortgage,grant and convey that Bonower's interest in � the Property under the terms of this Secudty Iastrumeat;{b)is not personaUy obUgated to pay the swns secured by this Security fInsuument; and (c) aaees thu Lender and any other Borrower may agree to eatend� modify, forbear or make any ( �ccommodation�with reprd to the term of this Secadty lnstn�ment or the Note vrithout that Borrower's conunt. _ L1.Notke�.Any noticc to Borrower provided for in this Savrity Insvument shall be pven by delivering it or by mailing it[sy � first dass mail uNess applicable law requires use of another method.The notia shall be d'uocted to the Property Address or any � other sddres�Borrower daignates by notice to Lender.My aotice to Lender shall be given by Pvst clus mail to Lender's address — iststed bercin or any address Lender da3�nata by notia to Borrowrr.My notice proeidsd for in this Security Instrument shall . � be damod to have bera given to Borrovrer or Lenda wtcm given as provided in this paragraph. i 14•Go�eni�L*;Se�eraOWty.This Security instrumeat shall be govemod by Federal law and the law of the jurisdictioa in Mlileb the Property is locued.In the event that any provision or clause of ttus Sxurity Instrument or the Note contllcts with ap- pilcabk law,such conflict shaU not affect otner provisions of this Security Instrument or the Note which can be given effaK � without the coaflicting provision. To this end the provisions of this Security Instn�ment and th� Note are declared to be '�- � severabk. ;:�. 1S.aorrowe�s Cop�.Borrower shall be given one conformed copy of this Security Instrument. . ' li.A�ue�t o!Reats.Horrower unconditinnally assigns aa�d transfers tc Lender all the rents and revenues of the Property. • ' Boaower authorizes Lendor or Lender's agenu to collect the renu and revenua and hereby diruts sach tenant of the Property to pay the rents to l.ender or Lender's agents.However,prior to Lender's notice to Borrower of Bonow�er's breach of any cove- I nant or agreement in the Socurity Instrument,Bonower shall coIIect and receive all rrnts and revenua of the Propeny as trustee for tha ixnefit of Lenda and Borrower.?7us 3ssigmarnt of rcnts constitntes an absolute assignmcnt and not an assignment for addidonal security onty. , If Lender�ves notia of brach to Borrower:(a)all rcnts reaived by Borrower shaU be held by Bonower as truseee for benefit � of).,en�er only,to be applied to tht sums secured by the Security Instrument;(b)l.endcr shall be enticled to collert and receive all of the rents of the Property;and(c)each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's rvritten demand to the tenant. Bonower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent ' I.ender from exercising its rights under this pa.ragraph 16. ' Lendrr shall not be required to enter upon.take control of or maintain the Property before or after giving notice of breach to Borrower.However,l.ender or a judicially appainted receiver may do so at any time there is a breach. Any apDlication of rents �- -" shall not cure or waive any�efaullt or invalidate any other right or remedy of Lender.This assignment of rents of the Property ' shall terminate when the debt secured by the Security Instrument is paid in full. � L � � �� � �� , I'u�t r r f 4 A— �