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<br /> W,�m�s„wtia,are c�ea m� �h�o�dunge tbe�o�mt of.s�pay�n�. y..�acoess aaoeeas aver�a
<br /> - _ - ���g�gp�i�ode�tedoess uhdatbe l�,ate and tfis Secu�tY�am�t s�116e paid m the eiNity
<br /> --- �� C+ees Leader may ooIIact fees aad drnges autharizaa b5'tbe Soaet�ry'. , �
<br /> —_-- —_ � � � .� . _ �{sj�t�eA�coderi6���as ti�ed 6y�gul�iaas�bY d�t�l'intfie casevf p�� ' � `
<br /> —-- ,. ; �quin nsuoe�i�e Pay`m�eo�� in Sutl of��tns��9 das Soauity�� . ` - - ..
<br /> (i)Ba�m�a defanUs by fa�in8 P�Y mY�Y P�Y�� ���P�
<br /> `3 - to�an�edatdaua�ftbendctma�athl�*pa�,!+� `
<br /> ` '� C�g�,��hs bY taiTmB.fair a peiiad of,�nry dsys.ti�ped'agn anY otl�rob�S�s ooavaiad in this .
<br /> < < ���as��aae�u. "
<br /> ���, ��S p�t�}by applicabk law and wiuh t6epiat app�ol►al�of the .
<br />_ - - ' . ,'�y��p��paymem 6�fall of all�sums,s�ocmed bY tl�is Se�tY�� � .
<br /> ' (�AlI or put of tbe Pia�aty.ar A b�+al i�ecest m a uuct�all or Pvet of tbe P�repaEy.is.sotd t�r
<br />�„: � dhawise umsfaied(utber d�an 1`iy devise ardtsce�u)by dre$oauwet,�d.
<br />-�;; .� is uoc aceu�ed by the piadr�er or g�at�tee as uis a hc�prioapal nesidaioe,a�he p�: .
<br />__ (�The ptnpaty- r+�
<br /> . . �„_-�e- � or g�#ntee does so vccqpy the Ptaper►y 6ut los or het crodit h�s.not ban appuYOd 'm aocardaioe
<br />_;�', "'��-' . with the i+eqa�nea�of d�e SatetatY• • ' - . .
<br />/ . ._ Ie)Ns Wf�ive� if ciocmrwanoes occor dpt araWd�amit I.eoder w noquine i�medi�we paya�at m fuU,but Lades
<br />° -=' _ . , does eqt peqaine such Wy�u�.I.en�r does aot�ve as�ig6ts wiJ�ciespect ta��:va�ts. . ,
<br /> i86ts � tGe Seci�t�T vv�l tiarit Is�der$
<br /> ,� __� ; .`� _ ' �a��d dUD Sen�ar�. U►m�Y cuwms�s m�°°s M' if aot Th�s ° '
<br /> `'a-. =.�T a�fiil1 md f4r�ectose Paid
<br />� � ri�ts,m the case of payme��.w te�oi�immediote P'�l�� . ���. • -
<br /> ' -�''`�� Sec�uuy Instnnnent does put atul�ori�e aooelet�on or faeclo�ue i��p�tmtmpd bY t�d�
<br /> _�:,.;
<br /> ��.�;:�� . (e)Mort�e 111ot la�td Botmvru ag�oes t6at shoaW ibis Soauity a�tbs the aa�secu�ed��
<br /> _�tr4.� 6E C�1$l��C�Of N�BIIOC Wl�i�E�� �$�� �
<br /> . .'� -L. . � , ' �}, date M+eo�lrader m�y.at its aption ard nalwi�►8�Y�S it�Petagrapb 9.requirt�efiaoe PaY���
<br /> �.. �•`• � �of an authu�ized of t1�e Sac�cy
<br /> - F.� , ' -.- full af aIj sums sec�rt+ed�ttusSxucity tasu� A arittm statemem y- s8� .-
<br /> . . , .;;�.4 dated sabseqaalt w �IDIItbs Grom tUe date Gaeo�declini��8 tu insune t6is Socarity
<br /> :,:=�,: :�- � .�, :;` L�stnment and ihe aoa sahuiod therebY•sliall be deemed conclusive pioaf of such ureligi'67ity. NotwiBts�ding
<br /> . . . , the fo�goiag,this option may not be e�cised hy I�t�der wbrn ihe uaav 'ity of a�sunu�oe is sokiy dae to
<br /> - � � � l.errder's failur�w iunit a morigage insusai�e pmemium to ttie Seccetary. � .
<br /> , tu t e
<br /> --- ` ^•�:�:., ..�'', - �I�. Rd�fem�eL Bars�wer has a right to 6e'reimUited if l.ender hac s+cquir�ed i�nodiate paSm�ent in faA bec�se - --
<br /> = - - - - of Boimwerk fa�e to pay aa amo�mt doe under the•Nde or this Sea�t+tY Instrumem. 'lliis right applxs even �frer .
<br /> . ; �-" ` ' fonclosvie pcoceedie&s are msntuced.. To reinstate t h e S a v r iry l n m u m e n t. Bamwer sdail tender ia a lua►p sutn a11
<br /> : :.�-� . • amoonts roqui�ed to bring$orrower�accuont Cart�at includittg.w the eatrnt they at�e obligations of Bomawer under t6is
<br /> . . � : - Secority tagaamen�fonec tosu�eosts a n d�ble and c u s t a n a c y a t t�e Ys'fee�s and expeases Y a4sociaud witb
<br /> __ � c - the foreciosure pmooeding. Upon nhnsta�a�rt�yr Bonuwet.this Security Inswment m�d the o ligatians tbat it secu�es
<br /> - •�, : . _ shall ranain in elt'ect as if l.ender bad not re�imd innne�ate paymart in fntl. #owerer.Lendex is mt sequined to�e�mii
<br /> � ceiastatement if: (i)l.ender has acoepted remstatement after the oommencement of focectosure pmooalu�gs widnn two
<br /> , . ; yea�s imtnedistely preceding the commencement of a current foreclosur�e proreeding. (ii) neinstatement vn'U pceclude
<br /> � ' foieclosure on different grounds in the fuwc�e.or(iii)ieinstateme�►t will adversety a8'ect the priority of tbe lien rneated by
<br /> _ - - . .� . . .� this Serur�Ts►Ivswrnent. ----
<br /> ' 11. Borrorra 11iM Rdeascd: Forbearanoe b�r l.ender Nd A Watver. Exten.sion of the time of pa�rmeut or
<br /> � ., awdific�ttion of amortization oF tha sums secured by this Security Instrument granted by Leader w any sncasspr m irteRSt —
<br /> io
<br /> - of Borrower shall not operate w rclease the liability of the orig�nai Bocrower ar Borrower�s suceessor m interest L.en�ter —_=_
<br /> " . • ' shall not be�equirrd w commence p�c�aedings agnin.t any successor in interest ot,reface to extend time for�or �,v`--_
<br />'�:..:-. . . . _..._ atherwise madify amortization ot the sums secured by this Securiry lnsuumem by reasoa of any dtmand bY th� �� �:,,
<br /> :. . . original Borrower or Bmrowert successo�s in interest. Any farbearance by Lender m e�cercising any rigdt or siemeAy shall �'_--�='-
<br /> _- ... _..._�......- not be a waiver of or preclude the eaercise of any right or remedy. , :.
<br /> � � ' IL Suooessors and AsSi@ns Nound;�oiat and Several LiabiHty:t'•o-Si�nera. 7'he covenauts and agee�nenu of .'.:J,t-
<br /> ,. ' • � lhis Sec�rity lnstrument shall bind and ben�t the successor.+and a.signs of I.ender and Borrower.su6ject to the pravisions - . ;
<br /> - � ' .. . . of paragraph 9.b. Botrower's covenantc and ugreemen�c shatl 6e joint and �ever.el. Any Borrower.who co-sigr�.s� ����
<br /> ' Security lnstnim�nt b�it does not execute the Note: (a)is co-�igning this Seeurity Instrument only w mortgage.grat� . -
<br /> : - � �- -� -- . convey�hat Harrvwer's interest in tfie Property under the tcrtns of thix Security IaStrument:lb)i.c nat personally obl�iga� } :;: .
<br /> • - • ,--'--�'- pay the sums secured by thic Sccurity imuumenr,sind(c)agrecs tlrrt l.ender und any other Borrawer may agrce.
<br /> -- _...:�.�,;.�' . ' � madify.forbear ar make any uccommadutions with regard ta the tem�.ti o1'thi+Security Insuument or the Nae unthoat tha! _
<br /> � � �y_: � . Botrower's ronsent. � •
<br /> _ . ..
<br /> .. • • 13 NMkes. Any notice to B�rrower providrd for in this Security M+trument�hall be givet�by delivering it or by .
<br /> , .., _ ,. ; . -- -. .� ... mailing it by fint claxs mail unlesc applicable taw..reyuires uur of anothcr metM�d. 'Fhc notice sfiall be directed to the -- ---
<br /> � - property Addrcss or any ather address Basrower designates by notice to Lcader. Any nutice to Lender shafl be given by `� _
<br /> �"" =� `- �-- - first claxs mail to Lender'�addre�.s stated herein or any addn.ws Lcndef dc�ignates by noticc ta Botrower. Any notice ..
<br />,; � {, . � �rovided for in this Security Intitrument•shall be decmed ta havc Mxn givcn[a Bormwcr or t.crtdcr when given u�provided
<br /> • . �n this paragraph. • ' .
<br /> • ' 14. Governing Law;lSeverabiltty. This Sccurity Instrumcnt shall hc govcmc�L by Federnl law attd thc law ot the
<br /> •; ., ' { jurisdic�ion in wbich the Praprtty is located. ln the event tiwt�+ny provi�ion or clautic of this Security In.vtrivaeat or the � •
<br /> - - Note crn�flicts with a•ppllcable taw.such canfliCt shall not affect othcr pravisiom of thi.Security Instniment or th�Note __
<br /> -.-, - -�:---•:.�'..;.,.__-...__. �ch can be�iven efPect without the conflictin�provisiun. Tb thi��md thc pmviwcmK of thiz Scrurity lnstnunent and the . - .
<br /> - �--
<br /> `�. . � Note ate declared to be soverable. .
<br /> ' 1S. Borwwa�'s Cap�. Borrower shall be given ane cunfam���t cupy uf thi�Security Inswmem. . .
<br /> • . ' 1�.. Assigoment d Reats. Barrawcr unccmditi�natly astii�n�and tr.utsf��ta Lcnder vll the rentc and revenues of thrs r.
<br /> - • •� propaty, 8orrower authorizrs Lender or Lender's s�gent.r•to collect�he rrntv und revenues and herrby ditects eaeh tenant af � . •
<br /> '' " -` ' tl�e�►nperty to pay the rents to Leader or Lender's ageats. However.prior to l.endcr's ddi�:e to Borrower of Bormwcr's
<br /> L'��';:'., I .. €, __,._
<br /> i breach of any covenant or a�nt in the Secudty lmtrnment.Bo�rowrr tihall mllect and mceive all rents and nwenue�of �
<br /> ;,:�.- •: -:;j�'�' the Plroperty av hustee for the beneflt of Lendrr�nd Bvrnnwer. Thi!�atisi�nmero crf mm!►canstitutes an abaoL�te assygnment !
<br /> '_?-- - - � ' ard eot an assignment foradd�ionsd se5urity onty. ' - - - .
<br /> �. + . 1�='� . %,.'� � = lf l.ender gives noti�e of breaeh to Harsower. (u)atl renis re��elved by gorrnwcr shafl be held by Bomawer as trustce � �
<br /> ""k; '=- � for beneRt of Let�der only.to be�pp}�ed to the sum.g secur�ed by the 5ccunty ln�trument;(b)Lender ahalt be entitted ta f ..
<br /> _ ^;.^:1.:.�-;:`��,�,• eollect aed�eive a1t of the rettts o�the Atoperty:and Ic)each t�n�ttt af the Ptoperty sha11 pay all tents dtte�nd unpaid w � .
<br /> r .! �f�. . � Lender or I,ceder�s agent on l.ender's written demand to ihe tenattt. ' '
<br /> .-._i=°. ' � 8orrvMr�t ha's not executedm�y pttor acslgnment of the rents and haY eot nnd witl not perform aay act that waWd �
<br /> � _. :` i�. .�� s pt�evetu l.erder ttam euereisin its dshts mlder t his Paragraph 16 � .
<br /> i ' 1 ' -�;.�_-. . . , .
<br /> �:. •� •� ,..�" Leadtr s6all mt 6e�to enter upon,take cotuml of ar mainwin�he Ptnperty befdre or after giving noRice of
<br /> �, - _ - biac7i to Eo1�+awEr. Noau�ver.L�erar a�ap�ointal m�rivet�gy�o�����,�b�.-�S� - -- —__
<br /> applkMia�af nNs sha11 tat cune or waiveanyr defau t or im�fidate any other d Y bm�
<br />- ' ,<.,c��,._. , �� of e�ents uf the Phope�ty shaU terminate when the debt securrd by tlie 5ecurity instrument is paid in futl. . `. ' .
<br />. . � � � ' . - . " . " . i ' . .
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