90105633 - Laserfiche WebLink

Browse

r 7 90-- 105633 obigavons that M socura shal remain In aped as M Lender had not required inimerlste payment in ful. However. Lander Is not required to paler mkWa MttsM It (Q Lander has scospted reinsistarrtenl offer the comniarloortlerd of forsdowre proosefte within two years fmnsdably a proosiding Mereertt wM� dye a affw the priority of t eiid b ttM�t3aou ky eb .�OSUn on dlfferettt grounds In IM hlpes. 11. Borrower Not Relessad; Forbearance By Lander Not a Waiver. FAsnWm of the time of payment or moll icatlort of snafu odor of the atone scoured by this Bawdy Instrument granted by Lender to any suoceisa w In Interest of Borrower shah W operate to Mee" IM IOW of the MOW Borrower or Borrower's suoosaw In Interest Lander shah not be regtdred to commence against any outioss ar In Intarat or refuse to World time for payment or otherwise nerdy atttoflsation a the sums secured by this so1 y bttrumeM by reason of any dernsnd made by the orE*W Borrower or Borrower's suoosseors In I ntereat Any forbesranoe by Lends► in WerdoI ng any right or remedy final not be a waiver of or preclude the exercise of arty right or raimedy. 12. Successors and Assigns Bound; Joint and Several UsbINW, Co-Slgners. The covenants and agre«n.nts of this Security Inslttamnt shah bind and bonalt the sucoesion and assigns of Lender and Borrower, subject to the provisions of paragraph g.b. Borrower's oovwwft and agreements ate be joint and severel. Any Borrower who co-signs this Smoky InstnitneM but does not meouts the Note: (N is oo-signkng this Smoky Instrument only to mortgage. grant and convey that Borrower's Merest In the Propody ands► the terms of Who Smoky Instrument; (b) is not persaftasy obW*d to pay the sums secured by this Security Inetrttmertt: and (o) agrees that Lender and any other Borrower may agree to extend. a ndly. lortaesr or note any swoon addons with regard to the term of this Security MstruaterN or the Note wkhaft that Borrower's consent. 13. Notices. Any notice to Borrower provided for in Ihb Soctogy lnsttuiment sIW be g)vat by delver" it or by etsdng it by tkmct dau ntd wbu sppseable law rsqukas use of "her method. The notice shal be directed to Ow Property Address or any olher address So owes designates by nolios to Lander. Any notice to Lander shal be Osn by fall clue mal to lender's addreu stated Mervin or any address Lander dsoomi s by ratios to Bornwirt r . Any notice provided for in 1hM SeawMy Instrtmnent shel be deemed to have bsm given to Borrower or Lender when given as provided in this paragraph. 14. Goverming Lam Severab(lity. This Security Instrument shat be governed by Federal law and the low of Iha ;ilrtsdction in which the Property Is basted. In the evept imat any provision or clause of this Y Instrument or the Nola conflicts with apple" few, such conflict shat not affect other provisions of this Security Instrument or time Not* which an be given affect without the ecnfibtktg provision. To this and the provisions of this Security Instrument and the Note are dadared to be aerttirable. 15. Borrower's Copy. Borrower shat be g+ren one conformed copy of this Security Instrument. 16. Aselignfltent of Rents. Borrower urica od@lorm4 assigns and transfers to Lender al the rents and revenues of the Properly. Borrower suthor&" Lender or lender's agents to coned the rents and r-ovenues and hereby directs each tenartt of the Property to pay the rents to Lender or lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or ogreernerlt In the Sw--Iy Inshu merit Borrvem sitel t a1W and moceffe M rents and reyenites el !ter Properly as trusts-- nos the bawft of Lender and Bosr&Av. This assigrimord ov Pants consWules an obscluto assignment and not an assignrNnt for additional security only. If Lender gives notice of breach to Swown: (e) of rents received by Borrower shah be held by Borrower as trustee for benefit of Lender only, to be appled to the wxm secured by the Severity Instrument. (b) Lander shal be entitled to collect and receive al of The rents of the Property; and (c) tech tenant of the Propertt •a'ItN pay al rents due and unpaid to lender or Lanow's agent on Lender's written dsmend to ter tenant. Borrower has not executed any prior assignment of the rents and has not ono MJ not perform any eat that would prevent Lander from ernrohing ke rights under this paragraph 16. ' Lander shag not be required to enter upon. take control of or rnairttair, lh* Property before or after giving notice of breach to Borrower. , However, Lender or a Wiciely appointed recover may do to at any tine There is a breech Any appkcalbn of rents shay not sue or waive any default or Involdste any otherr right or remedy of Lander. This assignment M rents of the Property site@ teraw4te when the debt secured by tine Security Instrument Ice paid in W. 17. Foreclosure Procedures. Lander at Its option may require Itnn*dsta payment in tug of all sums sscurso by this Security —� instrument w@hwA ftrrfher dantarnd and nay nv*M the power of We and any other remedies perrrotled by applicable law dander shat be ensiled to eoled al expanses kwnurad in pursuing the remndles provided in this paragraph 17. Including, but not IirrilteW to. reaumable, aAtomays' fees and coats of We evklenc* M the power of sale N env rifted. Trustee shin record a notice of default in each county in which any part of the Property is located and shot mol copies of such notice h the mariner prescribed by applicable law to Borrower and to the other persons preatxibaa! by applicable few. leer the tens required by appilcable taw. Trustee she glee public notice of sW to the persons and in the marine presu bad by applicable low. TW41se, wah*A dwroW or, Borrower. shall sod the Property at public auction to the highest bidder at the time and place and under the terms designated tea the notice of sale N one or more parcels and in sun/ order Trustee sieterrnlnes Trustee may postpone sW of all cY My parted of the PropNh, ty public arMounoen+ent of the time and place of aay previously scheduled safe. Lander or Its designee may purzhase the Property at arty •*&s. Upon receipt of payment of the price oa-, Trustee shall deliver to tr,e purchaser Trustee's deed conveying the Property The rscMs in On Trustee's deed shsl be ptims Inca* evidence oI the truth of the slar,rnsnta made Iherait. Trustee sh of apply the proceWs of the as* rn the foftwYp order. (a) to at expenses of the "Is. including. but not N Mt*d to Trustee's We as permitted by applicable law, Arid reasonable asomeys' teas: (b) ?o as sums waxed by this Secur@y Instalment. and (c) any excess to the person or persons legally eniawu to it. 18. Reeonveyance. upon payment of V sums secured by this Security Instrumarst. Lander shall roWest TruHte to reconvey the Property and shal starander this Security Instnxnent and ar notes evidencing debt secured by this Security Instrument to Trustee. Trustee shitl swminvoy the Propetty without warranty and without charge to Iha p ebb or persons kgaly anUtted to It. Such person or parsons shell pay any reoadaYort owls. 18. Substitute Trust**. Lender. at Re option. nay from In* to tame remove Trustee and appoint a successor trustee to any Trustee Wpoknled hosurider by an instrument recorded in the county in which this Secwtty hstrwrient is recorded Without convavuuy of ter Pn *". Uts successor trustee shelf succeed to ea the urea. power and dunes conkned upon Trustee heron and by applicable law 20. Request for Notices. Borrower requests that copse of the notices of debut and sale be sent to Borrower's address which is the Property Address. Sou aaw further requests that copies of the notion of default and sale be sent to each person who is a party hereto q the address of such person sit forth heron 21. Ineligible for Insurance Under ttte National Housing Act. Borrower agrees that should this Secw+tq Insburnent and the note secured thereby not be eFgble for insurance under the Nalk" Mousing Art wAhin sixty, (tip) days from the deft ha vol. L*Ww my ec is option and notwithetandng anything on Paragraph g, require i ..Ndrato payment in half of as 1e7)s issom d by Mw Smelt trialruiment. A written statement of any sulhonred agent of the Seastaay dated sabsequent to sear (60) days f m the deft I wool. dock" to insure this Security, 1nsUvnwnt and the Mote tenured tbovarir shat be daerried conouri fe proof of such kgigbiity NahWOrstanding the foregoing. this option rney not b* aarcisect oy a"Weri when the r►rtsradabiitir of rLsurence +s spray der to lender's U1awe to ran* s mortgage insurance premium to the SousUmV LRiders to this Security Inrdrument. It one or more ridets are etswled by Bwow*r and recorded together w1., IN% trM.ddy Instrument, the covenants of each such rider shall be incorporated into and ehee amend and suppioneril the covenants ,end agreements of `f lhie Inswurrnnt as M the Warts) ever* n a Saetulty part of this Security InsWrrnenl lt;had appYCetase bo.lesl� ❑ Candwiinium Rider ❑ Adiustable Note Hider ❑ thurvrn E i Hider 9 Qu tY Oct ❑ Planned LIEN I)ovelupmertl Hider Q lifacfurlerl Peyrtaeril Nl it Utter• •, i r , „i t. „r.,,,, iarelrh mre/M.li t`r�4h X41 "PAII ,.p n,a. i