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<br /> . � , IQ. ��• �oaower has a eight to tie reinstuted if L�ndet has rcquirc�d immed[atc paynsrnt in�u�l,l
<br /> � �ecause of 9orrower's failure to pay an aawunt due under the Note or chis S�cudty Iastni�n:nt. 7tiis dght npP
<br /> - even�fter foreclosure pr�edi�8s are iASdtuted. To reinstate the Securizy Iustnu�nt, �anower sha11 tender in u luvnp ` '
<br /> ' � sum al�amounu requirxd to brin�Botsnwer's account cucrestt including.to the eaetent they ure obligations oPBanov�er ,
<br /> � uader this Se�urity Iastnunent, foreclostue casts attd reasonable and cwwmary attomeys' fees and expeases and�the
<br /> _ i assssciated with ths fareclosure proceedin8• UPoa reiastatemeat by Borrovrer. this S�uity Instrument
<br /> - obligations that it secures shall reznain in effect as if Ixnder had not required im�ediate PaYment in fiill. However,
<br /> - --- � L.ender is aot requi�ed to gPemit reinscatensent if:C) Lxnder has accePted reinstatement after the commencemrnt of •,:
<br /> � � � foreclosure praa+adings rrithin two ye2rs imnaediately pre�eding the commenceffieat of n current foreclosure •
<br /> -:_=-� P�g, tii) rei�stateweut will preclude foreclosure on different grouads in the futute,or(rii) reinstatemgnt w�7i . _._ ..
<br /> adverse ly a ffea t he pri o ri ry of dae IIen created b y this Secvrity Insuu�ent. • � �.---�;:`.
<br /> .. . _ . . . � 11. BaisaWa Nae a3eiered; Faab�a�e isY �� Nat a Wai�. Extension of the time of payment or ._�;1-_
<br /> modification of amorti�tidn of the sums secured bY this SECUt�tY in ,.r.en� granted by I.eader to any successor in ��:
<br /> :�:,.:� rtl °.�
<br />,'�":;� inierest of Eareower ��^:rl not ogetate to releas� ¢�� liabiiity of the origin�i Bonow�z or Borcower's successms in y�
<br /> to CommeIICe Zoceelia�a 2�a1n.+'t 2ay SuCCFSSmr in iAlelesi or refuse co extead -_='-_
<br /> ' • `�';';�:�;`: < iaterest. Er��er shall no1 be requued P b reas�n of any ,-Y.
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<br /> •. •. . tirae for kay��at or oihervPis�m.�dif3'amo�� ,s sncc�� in�;n�re�t.��y fSe�urity In�ader in execcis�
<br /> � demand �by the a:i,+inal = ��--_
<br /> � any right or se�dy s�a'1 not be a waiver of or p�r.tu�e t�e ex�cise of any riP,ht or mm�dy. __
<br /> �^,' The covea3nts and a�ents o:�is ,..��
<br /> . : 1Z. Su�is s��sig�s l�d; lami and S�vr�al Li3,.>...'y;Co-S�g�s• ;:__.--=_
<br /> . . of Lender and Borrunyr,subject w the pro�is�� �--
<br /> ,:;�{; Securitl+L-..�at '�a` �ind a�.�1�.efit the successo�s and�sgns �..--
<br /> � of p�h 9(b).�c^r�ver's c�:�ts and ageemenu shall be joint aad several. !�-Qorrower who co-signs tl�is �,�a=
<br /> , S�y inctmmer�: �;.°�es aai �.c�cute t he I��;,� (a)i s oa-si g n i n g t h i s�:�[I Y i n��t?±�'t O t l l y t 0 ID O rt g B g C,g r e n t
<br /> .;; , M^ Ti�..�*aneat; (b; ��t petsonaUy
<br /> �:',,,_
<br /> . _ aad van�ey that Fa�c��s interest in tke PcLnr::; under the tem�of s...��.�rity �E.�_--_-
<br /> . -..._ � obligated w pay tw°s�s secured by this Seaui�.�".�-tr�men� and{c)a�a�:�at Lea��r �ad any a�w�rrower maY p::
<br /> � � agree ta ea�.�ad,a��i.`9,forhear e-.r�sal�e any acxommndatioas with re;ard:�the tetm� af dis Secutir.: �-uum�2 cr --
<br /> rea � �-=_—
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<br /> ,� tr� Ra�e �.:�out that �orrower's c°nsent. t sh�►11 be ven �e'�ive ���. '�,-
<br /> . �, L.. II�. Any notice to Boaowet pmvideti for ia t�w 5�curity Ins'uumen � bY � _ ` �;_-
<br /> �y�:�..;:s by fir�s c.�.ss mail unless applicable law zrquires uie of a:.e� meWod. Tte aotice �'.L'c�d'r�.r::. �� :�o—
<br /> • . � :.,� : � tye P�:2�y Addrzs3 ^•.r any othar address Borrower desi�atrs �y a_�:� �^ Lender. t4n3�IIOIICE` L4 TL��QCL S'1�.TI Lh3 '__:
<br /> . :'.,;r =� given�i,��.-st class�to Lend�s��reas stai�hereia oz�ad�.-��:�'•1 desig�z.� by notice w Barrower_ A�.�: ----
<br /> . ,°`F'.-����. n;ti-ided fer�c�s Sec��..u..E��aiaent sball be deemer3 co��,���� ;:.v�.►t3 13z��wer or Lender when�r�
<br /> . .s�:?•,,,, IIOtice g,..
<br /> ' '� as pmvided in this�:�.;;."aP1►.
<br /> 14. Covetnin3 &�1;Severib�itp• This Scr�ity Instrument shaU�e;�eraed by federa{ law aad the law or t:a
<br /> • T jwdsdiaion ia which the Property is loczted. In the event that any pmvisi� or clause of t�is Secuiity Ins�mnent or
<br /> t h e Noie conAicts wllh applicabYe law.such conAict shaU not affect other provisions of this Seeurity Instrument or ths
<br /> � Note wMch can be given effect w�thout the conflicting provision To this ea d t h e pro v i s ions a f t h i s S e c u r i t y I n s u t�►t
<br /> and the Nate are deslarod to be seeerable.
<br /> . I5. gunawer'a Cogy. Borrower shall be given one oonformed oopy of the �!o2e an�af this Sacurity Ins�ua�a�.
<br /> 16. Hmcdoua �- ��wer shall aot cau,s os peimit the presence. vse,di�s�l.starage,or release of
<br /> � any Hazazdous Substaaces on or in the Progerty. Borrower sha11 not do. nor ailoa �►yone else to do. anythinB
<br /> s�ffecting the pmgerty that is ia violation of any Eavironmentai Law. 'Ilce pre�in8 t�+a�teaces ehall noi apply to
<br /> . ;, si
<br /> the presence. use.or storage on the Pcoperty of small quuntides of Hazardnus Substaaoea thn:are geaerally reoo
<br /> ' to bs approprlaze to notmal residential uses and w mninten�ce of the Property.
<br /> � . .' gorrower shall gromptly �ive L.ender writt�ea noflce of any lnvestigation, clalra,doaic:.i1, lawsuit or other aceion
<br /> . by any gevemmenml or regulawry ageacy or prlvate party involving the Properti+ aad say Hazardous SuBstauoe or
<br /> Fmvuonmentel Law of which Borrower has aca�al l�+ledge. If Borrower leaias,or is natified by any govrmmenW
<br /> - - � • or regulatory authorlty, that any removal or other r�eme�ation of any Hezaidflus Substaea:5 affecting the Property is
<br /> ,, necessarp. Borcower shaU pmmpdy take all nece.ssaiY rem�al actions in aecordanrz wl�h Envlranmental law.
<br /> ' ' As used in this paragrnFh 16.'Hazardous Subctances" are those substanaes defined as foaic or hazardous substanoes
<br /> -'_. � by EavironmenUil Law and the following substances: gasoli�e.kerossne, o����forimnldehyd�e,�and rd&�acd�ve
<br /> �'1� , to�c pesticides and herbicides, volaille solvent�, materizls oontainln8 -
<br /> . � matertals. As used in this pa�� 16,"Enviroamental I.avt+"meano federal laws a�fl�a��s of she jurisdiction au�e
<br /> -� � ' � � the Property is lacazed that rela�e to health, safety or eavironmcsntal pmiection. _
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<br /> • ��� NON-b'MFOR141 COVENANTS. Borro�� �� l.eader fi:.�ther cove��t and agree 23 follows: �_
<br /> Il?I. Aasigp�rnt of Rr�n. �c,rower u:.���itionnlly ��i�and transfers to Lender all thE rents aad re`� _
<br /> : . � of t�.t�:apeny. Bosower aut�arize.5 Lea��or Leader's Egenta to oc"�t the rents aa il revenues �a d h e re b y di� R�_
<br /> each tenant of t�e �:upetry to paY the ce� r.� Lender ot Ixnder's �,?:nts. Hoaevet,prior t:� L�der's aoEice to :�:_
<br /> Barrower of Bcr.:m��r s br�ach of any cove�: or abreement in the Securlry ]nstrumer►t, �orra�r.r shall callect and - -
<br /> receive sU rents aad revenues of the Property as uuscee for the beaefit of Leader aL�Boirower. 'Ffiis assignrr►ent of �
<br /> � . ' oonstitutes aa absolute asslgnment and not an assiguu�ent foT additional securiry only. �.�.;.�_
<br /> . rents •:•
<br /> ° � lf Lender gives aotice of�reach to Burrower: (a) all rents received by Borrow� shail De held by Borrower as .�,3�
<br /> trustee for benefit of Lender only.to be applied to the sums secured by the Securit3► Insdru�n4. (b) 1.eader sball be _
<br /> � � eatided tfl coll�ct and ceceive sill of the rents of the Property; and (c)eash tenaat of the Property shall pay aD tents -
<br /> due and unpaid to Lender or Lender's agent on Lender's written demaud to the t�t. ,
<br /> , � 1�er�wer i�as noi executed any prior assignmcnt of t�e rents and has noi sud will not pe�form any act thab wauld
<br /> as
<br /> . � preuem: ::.er.d�r from exercisin�its rights under this PaT3*'7'�Dh 17. ts�fore cr after �i� _�r ice �
<br /> F�-�3er sh�'i�.i be requi�'ed to enter ugon, take co�.��] of or maintain thz Prap�tY bi �
<br /> • of h� tn��.r:��er. However, Leadet c,:�.;udicialty sppointed rer�i:er may do so at any tim�c�:re is a F�=�ach• .
<br /> •,,,•+,;, 1 619b .
<br /> • , `�i-`',: � R�31TlSS�3o1-PHA B�OF 71�.'t.�i' .
<br /> ne�r.:�.un.cmc��sa�wz F-.;;:�of 6
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