90104345 - Laserfiche WebLink

Browse

_ � � 9.c��tp��ao�oi n�e�. 9 -- 1 Q 4 3 4 5 _ � (�)Oetwll.Lender may.e�crpt as Iimited by regulations issurd by the Secretary in the case a�f payment defaults,require irr�mediate�ymtnt in full of att sums secured by this Security Instrument ii: (i)Borrowrer defaults by falllaj ta pay In full any mvnthly payme�lt requlred by this Secnrity lastrument prior to or on �� edc due date ot the aext manthlY paymsnt,or (ii)Sorrar�tr dtfaWts by f�llias,for�pertod of thlrty days.to prrform any other abligailon�comained in thts Security � Iustrumeat. lb�S�Wi�oM Gredll A��1.l.ender alull,if peamined bg�ppllcabk law and with the prior approval of the Socretary.royuire , itm�ediNe p�yrt�enl in full of aU the suu�aocurod by this Socurity Imtrumem if: t (i)All or p�rt of the Pt+qurty ia athemise tru�sfemd(other th�n by devise or deseen)dy the Horrower.au�d ' (ii)11�e Propeny is nc+t oay�piecf by tlwe purchuer or grantx�s hls or her prisnuy or seconiary resideaoe,or the purch�er or r pwo�ee don so oocyy t�a Ptvperty bui hia ar her cnedit has rat bea�sppawed in a000�du�oa wpt�the cnquiraned.v of the Saretary. . ; I (a)Ne Wahee.if circumstuice�occur thu wouid permit Lender to require immedlate ps�yment in fup,but Lender does not � �eQuiro auch p�ymenU.Lender does aot waive its ri�hts with respcct to subsequent events. � (�)RepMtioM oI AUD S�cret�ry.ln many ctrcumstances regulatlons iuued by the Secreta�y will limi!I.ender's rights,in the ca+e of paymrnt default��to roquire immediate payment in full and foreclose if not paid.Thia S�curity Instru¢nent does } not tuttionze accderation or foreclosure if not pertnitted by re�uladons of the Secretacy. ! j' 1�. ReiNp�t�l. Horrower 6u a ri�ht to be relnstated if Lemder has required immedl�te puyment in full because of Borrorver's fiiilure to pay an unount due under the Note or thls Securtty lnstrument.This right appUes even After forecloswe �— I prooeeclinp ue institutod.To reinstate the Securlty Instrument, Bonower shall tender in.a lump sum�11 amounts required to j brin�1Borrower's accaunt cunent including, to the extent they are oblieatlons of Borrower under this Security ln+trument, 1 foreciosure costs and teasonaole �nd custom�u-y aiivrney's fcc.; au� �uxs p;ay..-rr� �a�ai� ��i�ts tl:: `ar�.'asusr j prooeed�ns.Upon rcinstatemsnt by Borrower.this Securlty lnstrument and the obGgations that it secures shall remain in effect as , if Leader h�d not required immediate p�yment in fuU.However,I.ender is not required io permit reinstattmcnt if:(7 Lender has aocepted reinstuemrnt after the commencemeat of forectosure proceedings within two yexl's immediately preceding the commeaament of i current forxlosure proc�c�cling. (il) reinsutement will preclude foreclosure Qn dlfferent grounds ia the ! future,or(iii)reinstatement will adversely affect the prlority of the lien created by this Secwity tastrument. � �I 11. Darower Not Aekaud;Forbean�ce�y Le�der Not �W�er. Eatension of the time of payment or modification of � amorHzAtion of the sums secured by this Security Instrnment granted by Lender to any succassor in interest of Borrower shall not operate to release the liability of the origins�l Borrower or Borrower's succossor in interest. Lender shall not be required to � commena prooeedinYs against any successor in interest or refuse to extead time for payment or otherwise madify amortizatioa • , , of the sums seeured by this Secyrlty Insuument by reason of any demand ma�e Iby the original Borrower or Bonower's sucoessots in intercst.Any forbe�rance by Lender in exercising any rlght or rtmedy shall not be a waiver of or preclude tAe , exerclse of any rlght or remedy. � f2.3�ece�on�d Aqi��s Sor�d;Joi�t ud&venl LIal�itlty;Co-Siteera.The covenants and agramenu of this Security _I . ehwll inA w �I hwn�� thw m�rorecnrc n �l aec�ane�af 1�n�l�r and Rnrrnwer,suhieet to the Oiavlsions of U3i�8Ah 9.b. �'` ' — -; �..*�i_.._.. �L_..� _.�:i....-----------._.a_`�.__ — . ._ _. ._ - � Borrowtr's covcaants and agreemonts shaiJ(x joint and several.Any Barrowtr wha ca-signs this Security Instniment but does ,' - - aot execute the Note:(a)is co-sisning this Secwity Instrument only to mortgage.grant and convey that Bonower's interat in . ' the Property undet the tertns of this Security Instrument;(b)is not personally obligated to pay the sums secured by this Security ! Instrumrnt; and (c) agrees that Lender and any other Horrower may agree to extend, modify, forbear or make any ' acooauaoduioas with regard co the term of this Secwity Instrument o:the Note without that Borrower's conseat. ? � � l3.Nofloa.Any nodce to Borrower provided for in this Security lnsuument shall be given by deli�ering it or by mailing it by �� fitst cl�ss mail unless applicable law requira use of another method.The notice shall be ditected to the Property Address or any � � ot6er addras Borrower designates by notice to I.ender.My notice to Lender shall be�ven by fust class mail to Lencler's address � j stated httein or any address Lender designates by notice to Borrower.Any notice provided far in this Secwity lnstrument shall 1 be deemed to have ban given to Borrower or Lender when given as provided in this paragraph. F � i 14.Go�aeiK I.�w;Se�eribWty.This Security Instrument shall be governtd by Fed�ral law and the law of the jurisdiction in which the Property is located.In the eveat that any provision or clause of this Security Instrument or the Note conflicts with ap- , plicable law, such contlict shall not affect other provisioas of this Secudty Instrument or the Note which can be given effect without the conflicting provision. To this tnd the provisions of this Security Instrument and the Note are dcelazed to be '.�� � sevcrable. � ' LS.Borrower's Copy. Bonower shall be givrn one conformed copy of this Security Instrument. � � ' lf.A�Ip�eit ot Rsnta.Borrower unconditionally assigns and transfers ta Lender all the rents and reveaues of the Prapeny. ' Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hercby d'uects each tenaat of the Property _. � to pay the renu to Lender or I.ender's agents.However,prior to Lender's notia to Bc�rrower of Bonower's breach of any cove- � nant or agrcement in the Securiry tnstnunrnt�Borrower shall wllect and receive all rmts and revenues of the Property as trasta for the benefit of Lender and Bonower.This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. tf Lendtr gives notia of breach to Bonower:(a)all renu received by Borrower shall be hetd by Borrawer as trustce for benefi� of Leader only,to be appliod to the swns secured by the Security lnstrument;(b)Len3er shall be entitled to collect and recaive all . of the rents oF the Property;and(c)each tenant of the Propeny shall pay all rents due and unpaid to Lender or Lender's agent � on Lender's written demand to the tenant. Borro�ver has not eaxuted any prior assignment af the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this pazagraph 16. Lender shall not be required to enter upan,taks control of or maintain the Property before or after giving notice of breach to Bonower.Nowever,Lender ar a jndicially appointed rueiver may do so at any time there is a breach.Any application of renu shall not curt or waive any default 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 Instrurnent is paid in fu11. ' � � v �N� �...� Poee 3��14 �