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<br /> °•��""�'�� 10� R�t. Borrower has a right to be reinstated if Lender has required tmmediate payment in full =,,:.
<br /> _r:��`�:j:: • bec:ause af Aonower's failure to pay an amount due under the N�te or this Security Instrument. This right applies ��_
<br /> -=. •5. , even after forec losurc pr o c e e din g s a r a i n s t i t u t e d. T o r e i n s t a t e t h e S e c:u r i ty I n s t r u m cnt, Borrower shall tender in a lump ,Y
<br /> ', .�� sum�11 amounts requi�ed to bring Borrower's account current including,to the extent they are obligations of Bonower ��
<br />�...u, �.�� under this Security Instrument, forec losure costs an d r e a s o n a b l e and customa ry attomeys' fees and r.xpenses propetly �.
<br /> � , tl � assc�ciated with the foreclosure proc�ed'►ng, Upon reinstatement by Borrower, this Security Instrument and the —`
<br /> obligations that it secures shs�ll remair, in effect as if Lender had not requir e d immediate payment'In fuU. However, �
<br /> ?;,,� I,ender is not required to pernut reinstatement if:(i) Lender has accepted reinstetcn�ent after tbo commencemcnt of
<br /> ��"`� foreclosure prceeedings within two years immediarely preceding the commencemerit of a current foreclosure
<br />_ proceeding, (ii) rcinstatement will preclude forc�closure on different grounds in thc future, or (iii) reinstatcment �vill
<br />°-- - adversely affect the priority of the lien�reated by this Security Instrument.
<br /> - 11. Horcower Not Rdea�od; Fo�bear�e bY ��de�' Na A Wdver. Extension of the time of payment or
<br /> � modification of amortization of the sums secured by this Security Instrument granted by Lender to any successar in
<br /> incerest of 13orrower shall not operate to release 1he liabilisy of the original Borrower ur IIonowcr's successors in _
<br /> �'��{-"_�' '{ interest. Y.ender shali not be cequired ro commence praceedings against any successor in interest or refuse to extend
<br />--�;a-. ': time for payment or othenvise�odify amortization of the sums secured by this Security Insuument by reason of any
<br /> -J`.'�� ' ! demand rnade by the original Borrower or Bonower's successors in interest. Any forbearance by Lender in exercising
<br /> �„;:>. .r� any right or remedy shall not be a waiver of or preclude the exercise af any right ar remedy.
<br />__ � 12. �ooa�Om �1 �iP����J�� ��� ��l�y;C,o-S;gnas. The covenants and agreements of thls
<br /> �' Sec;urity Instcument shall bindand benefit the sucr.essars and assigns of Lender and Borrower, subject to the provisions
<br />.t. _ of pazagraph 9(b).Borrower's covenants and agreements shall be joint und several. Any Bonowar who co-signs this _
<br /> , ' . Security Instrument but dces not execute the Note; (a) is co-signing this Securiry Instrument only to mortgage, grant
<br /> ,r:, � and convey that Borrower's inierest in the Property under the terms of this Securlty Instn�ment; (b) ls not personally
<br /> '�`"''.� obligated to pay the sums secured by this Securi[y Instrumeat; and (c)agraes th�t I.,ender and uny o[her Borrower may
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<br /> �, ti,� f , agree to extend,modify,forbeu or make any accommodations with xegard ro thc tecros of this Security Instrument or
<br /> the Piote without that Borrow•er's consent.
<br /> _. �••'•' 13, Noticp, Any notice to Borrower providecl for in this Securicy lnstrument shall be givQn by delivering it or
<br /> . by mailing it by tirst class mail unless applicable law requires use of another rnethcxl. The notice shall be direeted to
<br /> the Property Address or any otiier address Bonower designates by notice to Lender. Any notice to Lender shall be
<br />::�:,,b, .:: given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any
<br /> ;;�,�,,,���: r►viice p.:.z:dc� for:^i.h:s �'!'r.ty Ins�nurent shall be deemed to have been given to Bonower or Lender when given
<br /> ���};:,�,� as provided in this paragraph.
<br /> ''R�:"�'?'`. 14. Govaain6 L.aw�Sevaab��ihi. This Security lnstrument shall be govemed by federal law and the law of the
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<br /> -'�._:#7�ti�^<:'` jurisdiction in which the Property is located. Tn the event that any provision or clause of this Security nstrument or
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<br />�.�"�:r ,,. the Nore conflicts with applicable law,such conflict shall not affect other provisions of this 5ecurity Instrument or e
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<br /> I�ote which can be Biven effect without the conflicting provision. To this end the provisions of this Security[nstrument
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<br /> �,��?�.y�ih4 and the Note ar��declared to be severable.
<br />_,��,;�, �5, garower s Copy. Eorrower shall be given one confom�ed copy of the Note and of this Securiry Instrument.
<br /> 16. Hrnrdous Sub�tu�oa• BOrrower shall not cause or permit the p�esence. use,disposal, storage,or releasc of
<br /> ''r'���ri�:. any Hazardous Substances on or in the Property. Borrower shall not du, nor allow anyonc else to do, anything
<br /> ;-`t��r__ affecting the Propeny that is in violation of any Environnxntal Law. The prececiing two sentences shall not appty to
<br />�""'�'"' the presence, use,or stor�ge on the Property of small quantities of Hazardous Sl�bstances th�t are generalty recognized
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<br />_-� 2°:� to be appropriate to nom�al residential uses and to maintenance of the ropeny.
<br /> ;°T Boarower shall promptly give Lender written notice of any investigacion. claim, demand, lawsuit or other action
<br />==-=J���;. by any goveriur►ental or regulatory agency or private party involving the Properry and any Hazardous Substance or
<br />'"''�'°''= Environmental Law of which Borrower has xtual knowledge. If Bonower leuns,or is notified by any govemmental
<br />�. •.
<br /> - ' or regulatory authority, chat eny removal or other remedia[ion of a��y Ha•rardous �bstances affecting the �'ropeny is
<br /> �"` :•^�._ necessary, Honower shall promptly take all necessary remedial actions in accordance with Environmental Law.
<br />-�'�'`����� As used in this paragraph 16,"Ha�ardous Subs�ances" aze diose substances detiued as toxic or hazardous substences
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<br /> �3� by Environmental Law and che following substances: gasoline,kero.sene, other flarrunable or toxic petruleum pr uets,
<br /> ~•*��-��� toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fornialdehyde, and radioactive
<br />-:°';'�s�- materials. As used in this puagraph 16,"Environmental Law"mcans federal laws and laws of the jurisdiction where
<br /> = ,, the Property is located that relate to health, safety or environmental protection.
<br /> NON-UNIFORM COVENANTS. Burrower and Lender further covenant and agree as follows:
<br /> lq ���t o[Ren�. Borrower unconditionally assigns and transfers to Lender all the rents and revenues
<br /> . .� of the Property. Borxower authorizes l.ender or Lender's agents to collect the _*en[s an.d revenues and hereby directs
<br /> each teuant of the Properey co pay the rents to Lender or Lender's agents. However, prior to Lender's notice to
<br /> Borrower of Boreower's breach of any covenanc ur agreement in the Security Instcument, i3orrower shall collect and
<br /> receive all rents and re��cnucs of the Property as trustee for the benefit of L.ender and Bonower. This assignment of
<br /> rents constimtes a�� absolute assignment and not ui assignment for addition;� security only.
<br /> If Lender gives notice of breach to Borrower: (a) all rents rtreived by 13orro�ver sliall be held by Borrower as
<br /> trustee for benefit of Lender oiily,to be applied to the sums secureci by the Security Instrument; (b) Lendcr shall be
<br /> • entitled to coilect ;►nd receive all of the rents of the Propercy; and (c) each tenant of the Property shall pay all rents
<br /> .,.... ....., .. ...,;,e �� t p�d�r nr Irnder's aaent on Lc:ndcr's written demand to the tenant. _ �a
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<br /> � Borrower has not executed uiy prior assignment of die rents auid t►as not and wUl no� periorm any aci ���at w�u.�
<br /> i prevent Lender from exercising its rights under this paragraph 17.
<br /> l.e:nder shall not be required to enter upon, take control of or maintain thP Property beforc or after giving notice
<br /> of breach �o Borrower. However, Lender or a judicially appointecl receiver may do so at any time tl:ere is a brea�h.
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