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<br /> _ - - . _.._._.�._.._. 90--�0'7359 --
<br /> _ ,:A;'��i'::.. ,� '�. m Bo�rowu d�MuNs by qWrW to pay b IuN ary ma►thN P�Y�t nquk�d by thla Secu�fry InNnurwnt pria lo or on the dua �-�— -�-
<br /> �, ' �+�i�S��:°bq;µ�" dW Of t!N Ilfrd it1o111h1q WY���a a_,- ---
<br /> yr�r�,;•:-w:,`�'K (I�B01rOwN d11�uM� by t�llrlp� tOr• pMbd 01 thkly d�y�. to pwlorm �ny olher oUfiyllUOn� COnt�lnad in �h61 ��_�_ .._.---
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<br /> , . �.: �t. . h� 8�ourUy Intbuntlnl.
<br /> .. � : !: .:-.�� (b) $�1�Wlth011t Cl�dit App�OV�I.Lend�r shaN, q pMmitl�d by�ppliubtx I�w�nd wilh Ih� prlor �pproval ol IM
<br /> . 8�o�atpy.�Mwr�Wt�payrnw�t In lu�01�Y th�sums a�and by 1hN 3�cudry Inslrumenl II: U�•�°`:�„_-------
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<br /> .,.�.ti„r:;"" ';"�.,; m N or p�t o1 th�Pro�Ay Is othrwise translwnd(olhw th�n by dwii�a decanq by th�BoRCwa,md
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<br /> � „kt.:;�:�;;;{".: (ih TIw Prap«ty b not oaouplsd by Ihs purclweK a prantee�s hla or her pra�ry or secondory recldanca,or Iho purchaaer *=-�__- ---_—=_--=_--
<br /> •�;�,:;�;;�?,:g . a paMN doM w ocaupy the Praparty but hb a h�r medll b��not tu�n�pproved in�ccadsna wph Ih� nquire�r�ants � _� --- --
<br /> ,:�..t,�,�� 01 lhs S�a�ry• p� �`���:�
<br /> �•'+!�^" ent in IuU.but Lender doQS Mm,�-„�.;';s,�.
<br /> '�_ . �°i'; �:,,;y.. (c) No Walv�r. II dramsUnces occur th�t would Permit Lender to requke Ynmediwle PoYm �
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<br /> � � ^i�;..,.: no1 r�quiro wch p+ryments.lander doet not w�Ne fla dqMt wNh respect to subsequeet ae�la. ,
<br /> . � �.� °.``,!`��''; (�) R�uIANons of HIJD Secrotary.In m�ny ara�mstonaa reyu+�tbns hwed by tha Seueury wui wm�t R.ender'a
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<br /> . � , "`.. �, dphts,in 1M ps�of PaYRNnt da�ufls,to requke Nnmadfab paymait h fu1 and torecbse N not paid.Thb 3ecurfry Inetrummt •� � '.''�i i.ii�
<br /> Lans ot lhe Secretary. • "�i
<br /> • does rai wthaiu�eradon a lwedoaure il nW permitt�d by repula� -
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<br /> 1 0. R��1 n�t�t, B o rt o w e r h�6+�i q h t t o b e r a(n a l a t e d i 1 L e n d e r h as �e quked irmrKCfiate pa yment in fuY because o1 �..,,..,.: ,t
<br /> . L�L.i �.i��d.�
<br /> � Bortowds Nilur�to p�y an amcu+►E du$+roder Ihs Nota o►Ihia S�wrtq�'matrument.Thls dghl�pptks even aRer laecbsure proceed�ngs _
<br /> "�� ' ''' �ro inat�ut�d. To ninat�t� ihe Security Insbumen t. Borrower e h ai:t e n d K I n a l um p sum�H amoums requind to bring Barower'a
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<br /> ' � " aaount curtent hcNMing. 1� 1?�e eutenllhe�r ere obGqaUona oi Bottmve► under this Security Insirument. larecJosure costn ond �
<br /> �n..� �,'. . re�spn�bts�nd wataPa�y attomeys' }eea and e�e�s^s prope�fy asaodated w8h ihe torectosure proceedn�. Upon relnslatemenl by . ��
<br /> �.. , , Bortowar.thle Sw�riry Iroatrument and ihe oW1y�Uona l�nat H aecurea al�aU remain In eHect aa U Lender had not required knmediate �„�, � ,�
<br /> ,:''",� , . payment in IuN. However, Lender Is n�t requked to permit rein5'.atement H: (i) Lender has accepled relnstatement a(ler the � ,. ,r---
<br /> ,`...:i`, . I''"3ii;. , �eema�t ol (oredosuro praceect�r.ys wllhin two yeara Immedialety precediny Ihe commeaPement oi a cunent loreclosurQ ..
<br />?;..�:, proeeedinp, (I� reNiet�tanent wip predude foreclosuro on diNe►enl yrounda in Ihe tuture.or(9i) �einsutement wUl adversely Yflect ihe ',�;+��,g;f:�,�!'�
<br />: � pdority of thQ G�n en�ted by ihis 3ecurity Inatrument. a�'S'.
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<br /> •• 11. Bo►rawor Not Rolaa�d; Pabearanca 9y Landor Not a Waive�. E�tension of Ihe Ilme ol payment or '•�'�'�sT�7��,-.
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<br /> � mpddqtlon o1 amoNzatlon ol the sums secured by thla 3ecurity Instrumenl yranted by Lender ta any succeasor in Intereal of Bortowe► �^
<br /> ��. ;�'. shaN not opente to rNe�u th�pabNlty oi ihe origind Bonoww a Bor�ower'a aucceasor in Inte►ast Lender ahaW nm be requked lo ;�*�-
<br /> . � ��,�� �� �, ,. earwmnoe proc�edin4s �yainat�ny auccessor in interest or retuse to extend time for psymenl ar oineiwlae modily amoAlzaUon of the ,',, k � _ `
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<br /> ';,� ,.�,;�_�.i sums Ncured by ihis Seauity Insirument by reason ot any demAnd made by ihe oNginel 8orrower or Borrowc�is auccessora (n � , �
<br /> . .� ���, , r Inixeet. My to�be�rance by LenOer In�teraainq any ri q h i or�un a►i iy s h a tt n a i b e a w aPicr o! or=s teclude the exe�d?se oi �ny dght '4� -r�•� -°--°:
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<br /> ;.� • . .. 12. Sueaasson and Asaigns Bound; Joint a�d Sova►ral Liability; CaSigaers. The cove�anls and agreemenis ,
<br /> ,, .�" ' �•�•' �" ' ,tv e� thfa Sacwiry Inetrument ahaA bind and bene(it the successors ar.:f asalgna d Lender and Bcrrawer, sub�ect to ihe provis+or.s ol ' .'•,�,,' "-a.'�'..'4�
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<br /> .. ' .I�� ;,��"'r°,.'- , Paraqnph 8.b. Bortower's covenanls snd agreemenis shall he(olnt and several. My Borrower who co•signs ihis Secudry Insirument •
<br /> ��1 :�.:• , but does not exeeute tho Note: (a)Is co•signinq ihis Security Instrument only to moAgage, grant end convey Ihat Borrower's inlerest in `
<br /> ' � ' tha Propa1y under ihe terma ol ihis Securiry Inst�ument: (b) Is not personelly obligaled to pay 1he sums secured by Ihis 3ecuriry
<br /> °'�' � Inatrumeni:�nd(e)�y►ee�ihat Lender end any other Bortower may agree to extend, mod�y,lorbe�r or make any ecwmmodaUons wilh �. � ;:;y,
<br /> ';� • npud to iha tam d ihla Sacurity InsWment a the Note wnhoul Iha�t 8orrower's consent. �` `'.
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<br /> , � i�i: •
<br /> � ' � 1 3. NOtICYl. M y notiCe to Bortower provided for in ihis Security Instrumer►l shall be given by delHering it or by maNing il by ::}'��i�
<br /> ,` �'y,;. • - " Rrot claas maW unless applkable law requires use oi unother method. The notice shall be directed to ihe P roperty A d dress or a n y , �.',, _ , �� ,
<br /> ,�;, ••�t,t�y'a• other �ddreaa Bortower dQSiqn�te�by notice lo Lender. My notiee to Len der s ha u b e g i v e n b y 8 r s t d a s s m e�l t o L e n d e r's r".� :'�y,�'�.�,+5_
<br /> • ' ,f;�. {�' addre�a stated hKeln a�ny a d t keas len der d e s i g n a t e s b y n�t.c a'.: B a r ower. M y nollce provided ior in Ihla 3ecurily Inslrumenl 1 i'.•;.��, , 5i•
<br /> '. ..,f�;;i; . slu��be ct�emad to h�w been yiven to Bortowe�w Lender when giv�:°as provlded in Ihis paragraph. '�� . ���••''��:•.�,`
<br /> : �', � . � '. �;;l c', ,
<br /> � ��`i � � 14. �ovorning Law; 3everaWlity. This Security Insirument shall be govemed by Federal law and ihe law ol Iho
<br /> , '�'�' Juds�etion in which the Property is lacated. In Ihe event Ihat any provlsion or clause ol this Securily Inatrumenl or the Note conflicls
<br /> .;� wllh appOc�ble Irw,suCh e0nllict ehafl noi aHect other provisions o1 ihh Security InsUument or Iha Note which can be given eBect
<br /> ' � {ti�. withoul th�conNdlnp provislon. To 1his end Ihe provislons ot th,s S=_curity Instnimenl end the Nole are declored to be sevcrehle.
<br /> '� 'r_::.:t �
<br /> � •�:���;�� •�� 15. BOROWY�'9 COpy. BoROwer ahall be gaen ane co:�'t:rmed capy of this Secunry Inslrumenl.
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<br /> „ , �.'�•.:� . � . • 16.Asslpnme�t of Ronts. Bortowe�uncondltlonally asslgns and translers to Lender all Ihe rents and revenues ol the .
<br /> !"' ��' ^ Property. Borrower eWhaizes Lender or Lender's agenls ta coUect the rents and revenues end herehy direets each tenant o1 Ihe
<br /> 'r ., ,.�j; .,. ,
<br /> , �•; , Proparly to p�y th9 renta to Lender ar Cenders agents. However.�t+a to Lender's notice to Bortower ol BoROwer's breach ot any "'
<br /> � ` covenata�ar eyreement b the 3ecunty Instrument. Bortower shaq ccllect and receive all rents and revenues ol the Properiy as tvslee ,
<br /> • •�•��n for tha benebt of Lender and BoROwer. Thls asslgnmenl ol rents constitules an absolute esslgnment and not eo assirnr^ent for
<br /> ,1,4�.'.t . .
<br /> '�. �, .S . ' • addllbnal 6eeurily only.
<br /> • ���.�.,'�:q,�,. If Lertder qives noUce ol breach to Bortower: (a) ail renss rece�ved by 8or►ower shall be held by Borrawer as trustee tu bene6l ,
<br /> , i;,: ,:;' of Lencte•�ly.to be aPPlled to the ao��s securad by the Secur�. �r�.'finenl; (b)Lender shall be entllled to cotlect and r.ex2+•�e a11
<br /> ',._ ,:�'�j � ot the rcr�s oi the Wope�ty:and (c; en:.':enant o11he PropcYtp s^�. cay aB rents due a�d unpa�d to lender or Lenders a�enl on
<br /> � Lender's w�ilten demnd to Ihe tenanc
<br /> Borrower has nol executed any ptior asslgn�x�-'of lhe rents and has not and w�u not perlorm any act th�t would prevent Lender
<br /> kom ex�rdsln9 Hs riQhts under Iha Par�graph 16
<br /> lenda shap not be rcq�+med to enter upon. take control of a�mmntem Ihe Property belore or a4er grvmg nahce o� b�each lo •
<br />.. ��.......M An..� �Iw��f�� nl I.YIf<Ghl�IIl11
<br /> - � '-__ _.. -.... � 80rtOw�.HOW@VCf.llf�dp Ot�jLLNC�i�1y apparrteo reGeivi+rtwy w iu ai diry i.'�c �I�E7G :�o......... ._.��►.�--� - - .- _ .
<br /> cure or waive any deiauR or Invalidate any otAer nght or remedy ol Lc�nder. Thfs essfgnmcnt ol renls of the Property snall term�natc
<br /> � when the debt secured by the Sewnry Ustrument�s paid in full
<br /> � 17. Foroclosura Proc�dur�. Yf LQndQr requir�s immediate payment irt f�sfl a�rrder Paragraph 9.
<br /> � Londor may Invoka the pow�er o1 sal� and aay other remedies permit�ed 6y �pplleal�lQ Iaw. Lender
<br /> ' shall ba ontitlod to collect a{I exp�rtses Fr�currad En pursui�g the remedies providect In this paragraph
<br /> 17. including. but not IimftQd to, r��sonabt� morneys' fees and costs of tifle evide-nea.
<br /> If tho power of sale is invoked. TrustQU �hafl record a notice of default in each county in which
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