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99100805
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Last modified
3/13/2012 12:31:40 PM
Creation date
10/20/2005 10:09:06 PM
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DEEDS
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99100805
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. ��������s . . <br /> confGcts wiih app6c.abla law, scsch contfict sha! not a(tect other �rovislons ot th35 SeCUrky Instsument or the Not9 whict�car► be <br /> g'aen eHeci wiihout tha contGCtirr,� �rovision.To ihis end the provisions ot this Sec�xiy tnstrtunent end the Note �r� de:•f�red to <br /> be soverabk�. <br /> 15. BOftOW�f'8 C7�y. P;.�rower shai be 9i+�'en orss coniortned eopy of the Nots and ot this SeCUrity tnstrumont . <br /> 16. Hazardous Subs�isrsces. Borrowet sha9 not cause or permR the prese�ce, use, disposal, StotAge, oc rei9as� ot <br /> any Hazarriaus 5ubstances on er in the Prop�+ty. aa�sower shaa nflt do, nor e6cw anyone else to do, anythinq aftectlny the <br /> Property that is h vb4atwn of eny Erniorunertia! Law. Ttre p�ecedir4g two sentAnces sha0 not apply to the �wgsence, usa, or <br /> stora�e on the Property of sena� quantRies ot Hazardous �bstances thai ere generaiy recogni�d ta be epprrprfate N nortneJ <br /> residen3iai uses and to mat�tenance oi the Pro�rty. � <br /> E3arrowea sha� P��Y 4�"a Lsnder � na:ice of arsy �ti�ation. chirt+. demend. lawsuit or other ectlo� by any <br /> yovemme.�tal or regulatory agency or ptiva4e pertr YrvoAfig the Froperty and eny Naiardous SLbsience or E:�vionmanml Law at <br /> which Bortower has ectua: ktiowtedge. I! Botrcw9t leems, or 15 notlfied by 8t1y qov�nmental or repula:ory authority. tfi8t any � <br /> remova! or other rernediation of an; Harardous Substnncus a!'.ecting the PropeRy Is re�cessary. E3as'or+er shal P��P�Y �a EI , <br /> necessary remadiat ectio�s in eccordance w�h Emionmen!r3 Law. '� <br /> As uSed in th� paragtaph 16. "Heiardous �bstsnCOS' sf9 those su�stenCes cl�ned 8s tOxiC o+ hazardous SuCsffinCes by <br /> En✓ronmsrtal Law and the fo&�w'ng substancss: qasofne, kfrps�r+e, �ther flerm�ablo or toxic p�h'aleum products, toxtc <br /> past�ides a�d hsrbicides, volat�e solrents, msterials contain'ng asbestos or fotmaldefiyde, and rediascthre matarials. AS used h <br /> the patagraph 16. "Envienmerstal Law' means lederat iews end Fasws cl the jucisdiction where the PropeAy is bcated that relate <br /> to heaRh, safeiy or ertvironm�tai proter.tinn. <br /> NOfd-UNIFOFiIN CO�ENAPIiS. Borrower end l..endor further Cov6na»t end syree As to9o+vs: <br /> 1?. �133I9R�iCM O� RBRIS. 8ortower unCOnd3iona0y �SSigns M�d Uansfer5 t� Lender e� the r8nts snd ravenues of the <br /> ?roperty. aorrovre� authot�es !�scfe� or l�de�s ager.?s ta co�t the rents ar.d revenues and heBDy dkects esch tenant e!the <br /> aro�erty to pay v�o ��.^cs to l.�nc;er er �cndar's aga���g. Fiow�, prior ta lenders not�ce to Bcarovrer of Bamswers broach of <br /> any covef�ant or agreemec�t in th9 Secur�y InsYrvment, Borrowet sheR coWeCt end reCekO e1 ren'.s and revent;es of the Property <br /> as trus�ee !dr the L�enet'A at Lendes end 8onower. ?h's assiQrtment ot rents ccnst3utss an absobte a,si�men! a�d not an <br /> assignment far add'rtiona0 secu:ity on}y. ` <br /> Ii Ler:der 9ives notice ot breach to Bo�mwur: (e) aJl rents received by Bortower sha! be heid by BOrrower fls trustee for <br /> trenef� ot Lender ony, to tro appAed to ihb sums secureC by thg SecurRy tnstrumenr (b) Lendsr sha0 be enidfad to coNect end <br /> receive aB ot the ren!s o( the ProFarty; end (C) eeich tenent uf the ProPeRy S�aO pay ei rents due and unp8id t4 Lender or <br /> lenGer's egant cn Lende►'s wrk:ea� dertwnd to tl�e tenanc. k <br /> Barrower has no2 executed any pfior essipnment o( the rents and has not and wal not perffomi any aci that would prevent <br /> lender from exe�istng Rs righ4s under thls Psragrnph 17. <br /> lender sha�not be reGuied ro �te�upon, taks cantrol ot or malntah tha Property betae or after gNh9 notfce of breach to <br /> Borrowea. However, lon�Ser er a judictaGy appc�ited receiv�er may do so at eny ilme tharu is e brqac�h. My app6cctbn of rents <br /> shsA r.pt curo or wake any ciefauQ or rivaC9ats a.�y �ther ripht o► re�nedy of Lender. Th}s asslprunent af renta oi tha Pro�sarty <br /> sha8 term3nate �hen the debt secured by the SeCVtEy lnstrumant 15 paid h futl. <br /> 18. Foreclosure Pro�edure. if Lenr�er requires immediate Reyrnenf in full under Paragraph 9, <br /> Lender may invo3ce the povre� of sa�� and any other reme�ies permitted by appUcable t�w. <br /> Lender shall be e�titled Ye collect e!I expensrs incurres! 6n pursuing tha remedies provided in <br /> thls Paragra�h 18, 3nclutting, but nat 19mited tof �easonable ariorneya' fees and costs oi titla <br /> evidence. <br /> If the powPr of sal� is involced, 't'rustee ahal! record a notice ot xletault ln each county In <br /> which any pa�t of the ProRerty is locate�i and ahati meil +coples oi such notice In the rraa�ner <br /> prescrihed by applicable law to 8orrower nnd to the other persona �rescribed by �ppliaable law. <br /> Atter the time required by appficsbte iaw, Tnistee ahall give p��bllc notico of sale � the per�ons <br /> and ln the manner prescrlbed b�r appticabie law. Tnistee, wtthout dernand on Borrower; ahal! sell ' _ <br /> ihe Praperty at publlc auction to the highesi btader a4 the t�me and place and under t�e terma <br /> desigr.sted 6n the �otice of sale in one or more p�rcela and In any order Truatee dete�rmines. <br /> Trustee may post�one �le of aEl ar any parcel o: the Prop�erty by pubilc a���aunceinent at the <br /> time and place o4 any pcev9austy sc�eciuied aste. Le�der er i#s designee ma�+ purchase the <br /> Property �t a�y sale. <br /> Upon re��ipt of payment of t3�e RHce bid, Truste� shall dPliver to Ehe purchaser 3ruste�e's <br /> deed ca�veying the Pro�perty. The �ecitais in the Trustee's deed shal! be prima facie evidence oP <br /> the Vuth oi L'�� statements madc therein. Trustee sha!! appEy the proceeds of tlte sale In the <br /> following order: (a) to �tl costs ar�d ��..�.ee�ses of exercising the pov�rer of safe, and the sale, <br /> inctuding Ehe payment of ti�se Treistee's 'f�s �ct�aity incurred, net to ex�ees! 3 % <br /> s�t 2hQ psincipal amount of the note et the tlme of ts4e �declaraUan of clefiae:te, and seasonabte <br /> attflrrteys' fees ss permitied by law; (b) to sIE s=.�ms secured by L::o Security tn�trumerst; and (cj <br /> an�+ excess tv the p�rson str persons fe�galty ent��ed to 1L <br /> If th� Lender's interest in this Securtty Ir.str�m�nt Es heid by the Secretarv and the Secretary <br /> requires Irnm�ciiate paymQnt in fuil untler Psr$graph 9, the SecreCsry may invoke the no�Judiaia! <br /> po�nrer af sate providecf in the Sing;e Famify t4lortCage Foreclasure Act ot 7984 ("Act' (12 U.S.C. <br /> 3T51 e� seq.� by reques4ing a forec!osu:� r^m�tssioner �±esignated ue�der the Act to commence <br /> foreclasure and La s$II ti�e Property as pr4vided in the Act Nothing in the pceceding sentence <br /> sha11 deprive the Secret�y of any rigt�ts otherwvise available to a Lender under this Paragraph 18 <br /> or applicxble Eaw. <br /> 19. Reeanveyance. tt�on paymer,t o! aa surns secured b� 4his Security Irstrument, Lender shab request Trustee to i <br /> reconvey the Prope�ty and shaA surr�nder tCis SecurRy MsWment and aD noted Avidenct►p debt secured by :his Securky <br /> insirument to Tntstes.Trustee stsa0 recoeivey the Propert�wi:hout werranty and wRhou:Char�e to the persas or persOns f9Qaly <br /> anti[fed to 3.S�ch person ar persons SAaO p8y any reCO�aiion Costs. <br /> Fsa�a�naa��o/vn? aays i of 5 <br />� <br />
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