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99100800
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Last modified
3/13/2012 12:31:28 PM
Creation date
10/20/2005 10:09:03 PM
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DEEDS
Inst Number
99100800
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��sa�s€�� ' - <br /> Confi+cts wCh eppFCSSie law, such ca+�ct sha9 not aNect :,tttnr pm�'.s�ons o! 4his S�u�3ty lnstrvn+�si or 4tk�N�which can be <br /> g�rt eNeet wkhou!the conflEctire��rov�5ion.To this end tha provisiorss ot Lhis SeaxRy lnstrwrienl and Me f�a�te ar3 dec�rsd !o <br /> be severebie. <br /> t�. L�crro§�er's Cflpy. 9on�awer snat be p�ren a,e contormed copy ot ct�e Plote arid ot c�is s8a,.� mstrumeret. <br /> 1 S. Hazardaus Substances. B«rower snall noY cause or �+erma tha p�esence. usa. dlscUSa4 st«ag�, or r�lease oi • <br /> any Hasardous Sutistances on w in the P:oper;r. f3o�rower sha➢ r:ot do. nw aMrr aryone slsa to tfo. anyNsng afFecting Me <br /> Property that is in vioiaavm o9 eny Envirorusrmtai !aw• The precedinq two se�tenccs sr++s0 not appiy to the �x�. use, cu� <br /> storaga on the PropeRy ot sme�l quau�tRiss o! Haxardcus S�bs� that are p�rwra�r recofln�ed to bo ap�s+oPriate to nortns] <br /> residentel►ises and to ma3nfe�ars�v oi the?roperty. <br /> Borrower she� Pfompth �re Lender wr#ten rtoilce of tny iivRStlQat3on. elaMn. derexe�d. IawsuR or otiwr action Dy onv <br /> govemm�ntat or rogufatory agencY or D+M.te Pmt�' twofvi'►9 the Pra�rerty and any Heiardokfs Slibsffincs ��nvYanmentai Law e! <br /> whbh BaROwer hes ecF�fll knowkfdge_ f4 Bar�vre,' igams. a B not�iad bll �+Y 4��9:� � �+latory nuthor3yY. tl�at e�y <br /> rximovat or other rar.�ad}ation ot any F�axvrda�s Sg:bs°.an..w aRecllnq the Property Ls necessrn�, B�rower shaR pPa'npty take aG <br /> r�3cessary remeosal acTbns in accorclertse wkh Environmenta!Lear. <br /> As ussd i� this psrg�praph 16. 'F?azudaus S�bsia+ices' errs ifiose substsnces �eFiied as toxic or ha:ardous su?�s�u►ces Cy <br /> Enviro�merttal law arrd tho fabwing sutrsPaa��: ge:.oi�'�e, keroseRe. otirer tlartmebte or toxic petrote�m proditcts, tctxic <br /> pesC�cides end hesbicides. voatEa so��ents. meferisls eonffiln3ng esbesbs or formnldehyde, end radioactivs materiafs. As used h <br /> the parag�h 16. 'EnvrwrmenteJ lew: rt,eanS EederB! lav+� and iavr5 Ot the k.qisdi�:tbn wtst�e MO ProperSy is bCatsd that refr?e <br /> to heaRh, safsty or�viron�nental pro�t'ar�. <br /> NON-l1NIF06�+1 GOvENPNTS.9ortaaer ond!ender kuther c�vanant end ycae as fotows: <br /> 17. Assignment of i�ents. ea+rovrer ax+cons�ona�y sss�pns and vans�ars to L�der aE cne re��s and reYenu�s oi 2ne <br /> Propesty. F�a�owsf auth�rtres lmnder or Lende.'s egeetts to tolOCt tM rants end rererwes end h�Ay dteCts deCh tenant ot the <br /> Propecty to pay th� ren� !o Lender �r la�de�'s egnnts. Hnw�vor, prfo�to Le�ders noilca ta 9omiw¢r a} Barowt�s Crench oS <br /> any ccrfe�en! or 8grec+me�t t� the SeCUrky instrurnont. Bortoirer shaA cr�RsC end r8C9�+e an ren4s �nti �evnrrues 9f the Property <br /> as trust.wa 'a the Senatlt of lender and �ortower. This essipnn+errt ot rent� Const3utt5 an absolute esslpnment enc� not an <br /> assY',,�+rr�en!for edtl�os�al se�u�3y o�M. <br /> tr l.enaPr g� notce or txescn to 9o�no,�iar: (�1 s� rents rean+ved br P.o�ro,Me� snr� ee hea br earower as m,steo �or <br /> benet� ot i.en�nr onN, io be sLpGad to tt+9 surm secured br the Sert.�Ry Instrumenh, (hj Lertder ShaL De ont�ied to Catk+ct erd <br />: receNe aA o! the rent� ot the ProF+ert�; ard (c) each terunt ol the Prop�tr shsr pap a! rents due and urtFaid to Lender or <br /> lmder's agent o� l.snde�'s wr32en demand:o tfie Yanant. <br />' Borcowsr has not executed any prier assiprxne�t ot ltte ronts and has roi �►d w�l not perfortn any ect that would prevent `� <br /> le�c�ar hom exerz'sin4 lts raghts tmde�this Faraqraph tT. <br /> Lender shaG not ts :aqutred to enter upon.!a':s controt of ar msin�in 21ae Propertv be�ore or aRer rivir►q notice of breach to j <br /> Bortower. However. Lender � a JudictaM appotsteai rccedrer may do sa at anr ti��e tt,era is a breach. My e,poRcation o! rents ; <br /> sh9!1 not cure or welve cr+y de+a+tl� a invaFiste n.hy alhcr ripht or remetly ot lsrider. Thb assl�r+ment of rents of the Property { <br /> shet ttirminato when the dsbt saCUred by tfie Secwky lrtstr�rnar,t is paid in !u! I <br />, i <br /> 18. Foreclosv�e Pracedure. If Lender requfres immediate payment in iull uncSer Pbragraph 9, <br /> Lender may ir�voke the �tower ot sal� and any othtr re�t�dles p�rmitted by ap�itcable lean. , <br /> l.endc� shs71 �e entiUed tfl enl{ec4 a!! e��ense� intwn�d i*� pur�ing 2he remecfiea provided in <br /> this Pa�ray�a�sh 18, iitcfuding, !wt not Tlmiied toi �eB�QR�' IC atiafreys' fees anci cosls �t tUe <br /> �vidence. <br />� It the power o4 sale is 3nvoked, Trusfar �hail record a notice at deteult in each county in <br />� which any psrt �t th� F�op�ty ia �aceted aad �hhali mai� copiea of such notice fn ttte rnar�ner <br />'I a <br /> prescribed by appilcable t�w to Burrawer and ta the othcr ��na prescrfbed 5y epFiicable taw. <br /> �tter ihe tlme required by a��ttcable law, T*u�kee st�ali glve p��llc notiGe of sale to the pers�ons , <br /> and !n the manner preacribed by �pikable Mw. T-uat�e. wtthout rfemand on BcmQwer� shafl s�eii - <br /> ths Propsrty at pubilc auctian to the h3ghss! bidder ei !!�e fime e�d pface and under the terms ' . <br /> dea�grtaie�f in the �otice af aale in ona �r maro percels and in any order Trustee datermlaes. <br /> Tcust�e �n�+ry paatpana sale ot ell or any pa�cel cf �e �roperty �y p�btic �nnouncement at the <br />�' time �nd place o9 any prevlausty schecfu�ed ssle. lend�r ar 9t� desi$nee t»�y purchaae ifi+� <br /> F�roperty at any sa3e. . <br /> Upon recelpt of payment of tfbt �Srlce bt�, Yre�stte s!�!1 t3e:iiver ta the w;�:cha�er Trustee'a <br /> deed conveying the Fra�serty. i'he recitals in th� Trustee's deec4 shait @e psims facie evtde�ce of <br /> the truth o� the stater.:ersls made ttsrrein. Trustes aha19 �spty the �roccede oi the sale in the <br /> foiloy+ring orr��r: {a) to all costs �nd �exptnses �f �rcis��g tfi�• ��rer ai aele, an� the sate, <br /> i�cluding � Qayment o! ttte 'Trusiee's fees $cfiu�ilr incurrpd, r►�t to exeeed three % <br /> oS` t�fle pr9ncipa! aasau,4t o! ttse nate at � tim� of t3�e deciafation af ciefauit, and reesonaF�le <br /> �,� attarr.eys' fees as permitt�d by law; (b) to a!f satms s�curtti �I t�ta S�cur'fij Instrument; and '^) <br /> gny excess tc+ the person or pessons b�al�r enbtled to it <br /> If th� Lender's €nter�st in Ehis SecurEty 3nstrv�raers4 is heid by the Szcretary+ and the Secretary <br /> requi�es immesiiaie paymer�t in futi und�r P�ragraph 9, 'th� S��r��y may lrnoke the nonjudicial <br /> power of satQ p!QY:ded �r� the Single Falniiy i44or*.gage Foreclosure llct of �J94 ("Act°) (12 J.S.C. <br /> �751 et seq..; by req�a�sti:�g a forectos�rre cflmmissianer elesigrtt�ted rander the AcR to commen�e <br /> foreclosure ar.d io :�etl #ha Pro�erty ss provisJed in the Act �f�tt�ing in the prece�ing sentence <br /> sha9{ de�sive the �ecrQtary oi any rights otherrrise availabie io a lend2r unde� this Paragraph 18 <br /> ar apptic�le te�nr. <br /> 19. Reconveyance. u�o�+ Feyme�,; of ar sums secued by this Socurxy Ins7ument, Leneer snaa reQuest Trustee to <br /> roc�rney tha ?roperty end shaq surrender tAis Sc�CUrity Insinxstient and a! noteA evfderecinQ daht secured by this Securky <br /> 1115�S111f1Cf5� CO TNS�BE.YNStOB ShHS fBCO!`ViBY Ut@ PfD�Y W�1101J�W8RB71EY Bfld MI�tiOUt CT12f�8 tt3 the person or persons �paty <br /> ent3ied to rt.Such person ur pPrsans shaA pay any recort�tion costs. <br /> j Fse�aLMU6 i+/ro) Pap.s ol 5 � <br /> 9t271 <br /> y� .... ... .._.......... ... <br /> ; . ......:._.._..._ . . . . -__..__...._. . . ....----...__�_._.._..k_. .. . � <br /> . � . � ... . � . . . . . �. . . }` � . . <br />
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