|
..H�. �4:, . ., ..i�eY �'iYEI► ���.� I+.LY�N.�...�,.j4�11T.k�:{L1]ICi2:"1![�.#������-i...II�S.^� � fl,._ __ _______.
<br /> ��`���� < •'MIIII��"'R•yY i _ I�t' �lM���� `' ,__-�....�- -
<br /> � . : ..�.� . '
<br /> �_� � •-.. '..�. _ . . -..
<br /> �"{i {v `-'�_
<br /> .�.__.i��.�::� . ..
<br /> . . � ._
<br /> � '..:s:....._ "l'. 1 .. �- - _.... ..
<br /> . � .. ---_-..—.- —. -.
<br /> ��_ °� �:t� 91�" 102263 _
<br /> .P�,(,'�j,�,� -
<br /> �tl,��?'� .. " .5...' ' ��rifM�1�0�I�0l�f���M�111��. ___.
<br /> ��'w';_'°�'��'�� (�)MfpN.Lender maY.except�Qmfted by re�u4tiont itsued by tbe Sdcrewy ia the caie of p�ymmt dthultrr�reouirC ---
<br /> ��,� � -- immrdlue pry�aeat W tuU ot�ll sums ucuced by thi�Security Inurument it: ��
<br /> -- .° .�,)�;z, �� N)8orro�er defiuitt by fWleY to p�y 1�fLU�ny a�oatblY PaYmeA�rWuirod by thi�Savdty Itu�rommt prlor to or on
<br /> �a��?r', .°, w
<br /> ' '�'�.�;1,,` �'`� t h e d w d a t e o f t h e next wonthl Y p�yment.or
<br /> ,;, ..
<br /> ••' � • •;`,.,,,
<br /> ° r ;;.', .,.,•.��•:; . . pi)eorrowa dahuU�by idUni�tor a parlad ot thiny dRys,to periorm an7 other obli�adon�contained in thi�Security
<br /> . •� �;t:,,,�+,�.. Inurument.
<br /> - -_- • !b)Sde WNheut CredM Approvtl.i,ender�all.itpamittad NY+�Pdicable uw�nd wiqb 1he ptior�ppmval of�he Sarofary.requtre -- ---- _-
<br /> ��
<br /> i�roediMo p�ymeot ia lWI ot�11�he wan sacwed by Ihis SocurkY I�u�if: `----
<br /> . ° ' a `.� '• (i)All a p�t ot the Piopaty i�a�henv4se uaadared (ahe+tMa bY devi�c ar daaeat��b�Bamwec.and
<br /> ._• . dit�,:i Etr� �f 1 1 0 1�O C N��VID Q Y�3 C���if�Of�1Cf Ili�CIKti'.0�I�IC�IYfC�iET Oi `'1�.-�-.-...�•��-.
<br /> �-ir`.• (ii)The P�ope+ly
<br /> •'Y+��, ,� ' RIMMOQ�0ls p OOQ4y ihE P(0�1Cfly b1A�Oi�ICf GOd��W 1101�IOrJI �II�ODi01dYp0 Ww11�G IOQ4�I�11C1�O��I O S O C I W I y.
<br /> ��_"--_
<br />_;. -- — . . . �L-':"---
<br /> i:��. _ _ , ' (N No W d�a.i f c i r c u m t t�n c a o c c u r t d a w o u l d p e m s i t L e n d e r t a rc q u(ro i m m o d U u e p a y ment in full,but Lender doa eac --
<br /> --� ,�."` `� ''� requiro:uch p�ymeeu,4ender das nat waiva it�d4ht�with rapect to subseQu�ent event:. �-
<br /> � � . .. .� ,. � f�)Re�alRtlan ot HI1D ReerelM'.!n m�nY c[rcumstanas reguladons Icsued 4r ttre Socretar!wflt limlt Lender's�hts.in �.,,�'3«�F,siY.��•
<br /> �•.:....-=�=_
<br /> �,'�,, • � ' m R(y,e case ot pRyment dei�ult�.to require immediate p�yme�t ia fuU�u►d foreclo�ee tEo,oc Padd•Tbls Securit7��� _,�
<br />,. ..�,;;, , qot w,thodu�cceleatlon or foralo:urc it'not pamittal by re�uluiotu of the SxrccuY•
<br /> ;, '��`.•�:. --
<br /> .,..� � =y _.a„ . �. R�u�te�erl.Bortower has a�aht�o tx ceinstated if Lender he�reqviro�immed�ia►ce paYoaeet in i'uti Decaur�e ofi = --_---
<br /> � ,.��5i�����„ • g�p�'s f�ilure to pay�n amount due uoder the Nae or this Secudty lnstrumeax.'idis riRE�c aDpties e're�►a1'ur fo�edoaore __
<br /> ' � prac,�eedin�are iaNtuted.l'o�eimt�te the Secudty Inun+mem,Bor►owa sh�ll tead'r.r w a luanp sum adl anwunts req�eued to
<br /> � briq� Boaower's account cunent(acludin4, to Iha e�cuat they aro obA�aUons at�orrower uud+ec ehEs Secvriey la�tument, _�.�___ �. __
<br /> : ,�� ' foreclosurc costs aad resson�ble and customary attomey'� fas and eapenses ProP�dY �ssoc��d w�th the foreclosure ��-�...
<br /> proceediuR.Upon reinstatement bY Borrower.thls SeeudtY 1�+trument and tbe obU�ations tlu�t it securcs sh�ll remdn in effect as ��`u}i0.._
<br /> u - •
<br /> if I.endei had aot�equired immedi�te p�yment in full.However.Lender ia nat requirod to permit rcinstatement iY:(i)l.ender haa ,_,_ __�
<br />- �:,,^ aooepted reinstuemrnt after the commenament of forecbsure proceedinQa �vithin two Years immediatdy precedinR the k���.�_
<br /> ��.��-�._
<br /> , � �ora(miiij rein:t tementtwill adve�sely Af�fe K the prfority�uf the Ilen cr1eaped b this�rSecu�ity In t umrent�� �ound�in the =_ -
<br /> i". --
<br /> � � , �i. pwrowa Not ReUnedi ForYean�a B� I.eoder Nol a R'dver.Extension of the time of payment or modification of �"
<br /> amortlzadoa oi the sums aecured by thb Secudty Inslrument granted by 4e�der to�oy succasor in interat of porrower shaU not �„�,,,�,�;�
<br /> �:��� operate to rclwe the ItabUity of the originW Borrower oc Borrower's rucceswr in interat. Lender shaU not be raquired to , -- -
<br /> ;;;�r;� '�'� � � coaunena praceedin�a�aiost any succasor in interest or nfuta to extend time for p�yment or otherwise modify amortization � ;,-_�`"`
<br />-.,�"•: of the aum� :ecured by Ihis Secudty Instrument by «ason of any demand made by ttM oriQind Borrower or Barrower's '
<br /> �`��'1'• suaxasors in interat.Any Porbarana by Lender in euerci�in4 enY�iQht or romedy�haU not be a waiver of or preclude the �.�'',^;•:�—��
<br /> �,�:--,��-
<br />�!�;!`�:� . eaercise of any�i�ht or remedy. --',.....,`.� ` --
<br /> � . ! --_..—_ ...q'�r.�.�:..---
<br /> 't;' t' • ° -• g.g��ad As��s Bo��d:Joh!�d Se�rer91 LhbiUtyi Co•Slgnen.The covenants and agraments of this Security •{;s,.,'.J,.:=
<br /> ' � :�`:3 ., Instrument shall biad and benefit the successors and wssigns of Lender and Borrowet.subjcet to the providons of paragraph 9.b. •,•!�"";' •--
<br /> ��'(I' Botrower'a covetunts and agteements ahall be jolnt and several.Any Borrower who co•aigns this Sxudty Instrument but does !`c,;�' .;:."�,.;�
<br /> �•�;%':" " not eaecute tMe Note:(s)Is co-signiog thia Secudly Instrumrn[only to mortgage,grant and comey that Borrower's interest in :;'' � r.+9
<br /> � ' the Property under the terms of thi:Securlty Instrument;(b)Ie not peraonally abliyated to pay the sums secured by iMs Secu�ity �;�..��r::;��',`' a�,,,_
<br /> l�trumcnt; and (c) agrecs that Lender and any other Bonawer me�y ngree to eztend, modify. forbear or m�ke wny ':'�•�►»--• ---
<br /> ,f,�'.'i�y..'��.
<br /> accommodation�wfth reQard to the�erm of this Sceudty Insln�ment or the Note without that Borrower's wnsent. ��,�
<br />, ., �_
<br /> . notica to Borrower rovfded fot in�his Saurity Instrument shUl be given by dellveNng it or by mailing it by � �'i:-_
<br /> � '� 13.NWicea.Any p
<br /> ' firot clau mail unlw applicable law requires use of aaother method.The notice shall be directed to the Propeny Addrc�s or any '.��,�,. -
<br /> ��t'��'• ••� other address 8onower designates by notice to Lender.Any notice to Lender shall Ne given by 8rst class mall to Lender's address _ �,.
<br /> .r,.,..,,.�.
<br /> •. ,�. � ''�3�•;sit r ^� stated herein or any address Lender designeta by nodce to Borrower.Any notice provided for in thi�Security Instrument shall ;'�-x:•�
<br /> � �' � ' r%"�` '' '�`"' be deemed to hava been�iven to Borcower or l.ender when piven as provided in thb paraQroph. ���•�•;
<br /> •�.. : :; • � ;,.��... ; .
<br />,.(�•,'�'.._' :.h.�.y=.=;
<br /> rr;•��1�r.: ��t�y� r" ,. ���1i��'i�� � �. .
<br /> !'•`�'r �' y'�'r 14.Covenin�l.�w=3erenblNlq.This Security Instrument shall be govemal by Federnl law and the law of the jurisdiction in �.
<br /> � F`"��`��►r`•'•�;�'� ahich the Property is lacated.In the tvent that any provlaion or clause of thie Securi�y Incttument or tht Nota conflicts with a� ' ,
<br /> �:�i::q.:�f.;.n.a�Y'
<br /> �'.����4if��'� • wi hout the�conflicUng provision�To this�end theprov is l o ns�o f t h i s Suyurity ns rumrnthand the Not are de cered tof be •, • •,_�_
<br /> � severable. ';'.: •.�- ,---
<br /> •.s�-
<br /> ., :.:��:t:.:� �_
<br /> 1S,Botrower's Copy.Borrower shall be Qiven one canformed copy of this Securi�y Instrument. � •-_
<br /> �'�:f;r
<br /> �'����1` 3...;r:: � ' ' ,�w ..
<br /> ��;;,,s;:}�,• , K 16.A��eu�1 ot Re�4.Borrower uncanditionaUy assigns and transkrs to Lender ell the rents attd revenucs of the Property. j..�,,
<br /> Borcoe�er authorizes Lender or Lender's agents�o collect the rents and revenues and hereby directs each tenant of the Property
<br /> � �c`���'ti';>.�, ;, ;; ,�. to pay�he rents to Lendcr or Lender's agcnts.However,prior to L.ender's notia to Borrowcr of Bonower's breach of any cove- �.
<br /> ''���'f�!• �{�,�, nant or agreement in the Security Insttument,Borrower shall collcet and receive nll rants and revenues uf thc Propeny ea trustee •
<br /> ' �� �'' �� '� `,� for the benefit of Lender and Barrbwer.7his assfgnmen�of rents cons�ituta an absolute assignmcnt and not an assignment for i, .�';. :
<br /> ��:;����.'�'�� additional sceurity only. `'<•:•
<br /> Y'. .-�'� , . . 1�_�},a�� { ..
<br /> ` :t��'"`•" �' ��'��;,� If Lender gives noUce of breach te Borrnaer:lal al�rents received by Borrower shall be held by Borrower es trustce for benefit ,
<br /> . ,,�•,��.J, , •,,.
<br /> „T.� oi Lender only,to be applied tu the sums secured by the Serurity Instrument;(b►Lender shell be entitled to collect and rceefve all �,
<br /> , �.,,i±:.;� oF the ren�s of the Propersy;and Icl each�enam rt the Properry shall pay all rctfte due and unpaid to Lender or Lcnder's agent ,t;,�
<br /> ,�? ., on Lender's w�itten demand to the tenaa�t. �' �� "�'`
<br /> �"'-�•, ;i��`:• . Borrower hu not e�ecuted uny�nor assipnment of�he rents and has not nnd w•ill no�perform ony act that would prevee�t � .
<br /> • • , ;'��i;:�,' Lender from exercieing iis rinhts under this reragTaph 16. . ,
<br /> � ' ' Lender shall not be t�quired to enter upon,cak�r rontrpi of or main:uin�he P�•nteny before�x after pivin�notice oP breach to �'"
<br /> � !���` ' '� ,� Borrower.However,Lender ur a judicially appoir.ud recsiver may d��3e pt any e.r.c�fi•ere is a hrearh.Any a��hcation ot rents
<br /> S`tl�±�, �1r,j,�„�;� shall not cute or wai�e aay default or invalidate Any n:her right or remedy rf Lend•::.Thi�as�ignmtnt of rents oi�t�;e Property .�';�. ;�,��.
<br /> . ; � ,,•:;���:� _ shaU lerminate when the debt secured by the Security Instrumena�.�pae�in full. . ,.'.
<br /> • . �� .!;`�!S,:i . , .
<br /> `'t,^Y'1'___ .—_ ' ' .
<br /> ..;11,• .
<br /> . "l..n�,
<br /> 9
<br /> ruRP e�,��
<br />
|