|
m,_�.�_�—z ;r _ . _ . . •s
<br /> " ,' -
<br /> . . ... .. - _ .. . . _
<br /> , � , . . .i`. - <
<br /> �;-,. i .. .
<br /> _. ___. _ '. ,...-� . - - i -- ' • _,- ._- .
<br /> .. ._.,_� ,�. .�. .-r_�-._•_i-. c�- .�_.. , - s�.�.-.`.L..._•.-..-.- � - - , . . ._ . .. . _ - -- -_._
<br /> --,. ;,_. ' __ . ._ _ ... "_ _ _ c . _ -
<br /> .
<br /> _ . •. . i� ' r7� • - c _
<br /> �.
<br /> . - , � � ,
<br /> �.. _ . - .. '_
<br /> — ' . , '_ . '�.S..r,�....J.. . ..� . . __ - __ - - ._ __ ._,. -
<br /> '_-� " '' ' '_ — _- . .. .. _-_ _ -_
<br /> ��'_ —.'"'___"- ` - '_'
<br /> � • �'" .. - , ._� . - -E._
<br /> ��� ,.. r i: . . . � i � -
<br /> � � . � �
<br /> ... .. . � �. . . . , � � �
<br /> __. : . r . . . . �
<br /> __i.a�`"__"_.T_. .._.��- .�� _ ." " t' ___"_ __. ._ ..._. .- -_-__ '_.' '_ ', _"'- _ _-" ._ . . _ ' . - " ' ' . ' " _ . . ` .' . ' . .
<br /> � � _ c _ �__ _ _- ` ` ___-_ `- . ._. � _ . C _ � 'C �V�Y��/ [
<br /> = . . [ . . . .. . _. _ ., a . . . C ` . . �� . {
<br /> . , � r
<br /> � ' p�yme�us.which aoe,tefennd to 6►Y�ra---- 2.or i�wnge tbe�aoime�of such psyments. My exves�pQOCeeds wa�n ;.
<br /> , �mom�t ieguited w pay�ll a�tstapQin6 irde��mder tbe N6tz�d!this SecuritS►Insaurt�36a11 be p�id 1�the eotity .
<br /> � kgalI �ahtkd tllE[eW. ' , . • . �
<br /> _ � �b7ees. L�drlertnsycoliectfees.andc6st�es'a�hatuedblit6eSxoet�!4!•- -- - -----. _ . __'' . -- - . ---
<br /> -- — --- +1 cr�or�far Aocdeeatia�at tk6t: . - . _ . __. .
<br /> ` (a)Detarit. Lender msy,exapt u limitrA by regulationc issued by�t�e Sa�etary in the case of paymeat defaults, , ,
<br /> . iequue'im�ae�iue p�yiaent in futl ef ail svms stcu�od by this Security L�au�eat i�.
<br /> _ (i)Barawer,defwlt�b}�fa�iag to pay in fuU�nY.�h1Y Pa}'meru n4uired 6y.this Securiry Insuameat pria �
<br /> � oa or on tbe dne date of t6e next monthlY I�Y�ti� '
<br /> (u'�Bomower defwits lry failin�fa a period of th�rty days,to perfam any afxr obGgrtions coet�ined in tbis
<br /> Sec�¢itSr taso��mient
<br /> _ (b)Sale Wit6oYt C�sdit Appr+oval. Lender sGall,if permitted by apptira�le laa and with We p'ior ap�xaval of the
<br /> Sec�etary.mluue immediate payme�rt m faU of�lt the smng savted Dy tUis Sa,�urity L�suument if: '
<br /> -_= • (�yi)�A�ll��o�.r�p�ra�t�a(�f the R�ap,YerryL,�or a�bya�Kfic�is/lj�in�t�e�ts�st in�ay�trpus�t,�avm..�ing afl a put of the P�vperey,is sold or .
<br />-_F�.-. . . V47G�w1�{{WLIl��VYFi t11OQ�{R"r��i Vl�{r�/��{��Y!G DlA{VAGi1� � _ .
<br /> -_ ('ii)7Ue Property is not oaxipied by ti�pa�eluser ne gcaatoa ss his or ber principal�sidtace,or the�u+c�set .
<br /> 4��_ � � � � �py � p�petty but his ar her crodit l�as not boen appmvod in accosdwoe. -- - - ...____
<br />— � witb tbe requuerneats of the Secrnar�t. ,
<br />_ jc)No Wsiver. ff citicumstances occnr that woWd peimit l.eader to roquise inunediate payment in fu11.bat I.ender -
<br /> - . does not ceqwre sach paymenis,Leader das not waive its rights with respect to subsequent events. �
<br /> . (d)ReauWioa�6f HU�f�r9• In manY��atio�s issued by the SecY+etary wi11 Wnit Lender`s=
<br />- rights. in the case of payment dsfaults, w cec�uue immed�ate paYmeat ia fol�aad foioclose if notp�id. Tlus
<br />: Secarity Jasuument daes rwt anthoriu acceterauon oF foieclosune if not pennitted by regulations of the�etary. .
<br /> (e)Mort�e Nat Iesorcd. Bornuwer agn:es tf�ac shanld ihis Security tasiFiunent and the nae socuned tbaeby uot �,
<br /> :>.'_�� � � ' be etig�'bTe far ins�rance aader the National Haussng Act within • . �� � -
<br />- • - date hereo�L.ender may.at its'aption and notwithstandiag anything ia Paragraph 9.requine imtn�liate PaYment in
<br /> - , fWt of a}I sums securcd by tlds Secarit�'fistnm�en� A.wriaen statement of any authorized agent of t�e Secntary —
<br /> < <,�. . dated subsequent to from the date 6eeeof,declining to insur�e this"SecuritY s:� ,-
<br /> ` . Instiumectt and tUe note sec�ed thereby,shall be deemed wnclasiy¢proof of such ineligibitity. Notwithstanding .�
<br />_ - - � the foie�uing,this opiion may not be eaerc�sed by-[xnder wiien the imava�7abi[ity of iasaranct is solely Qaa to . , �-�_
<br /> -- - - ._ . -------l:endes?�-faifuteTaf�eittiTatlfaRgageiiL�uc�ce�emt�[o1i�S�ce�rY•—.'-=--- ' � .___
<br /> uc c
<br /> - 14 Reinspttea�� Borrower has a rigbt to 6e reinstated if Lender i�as required immediate payment in fuU because , ��.�_�.
<br /> ' „y� of Bomowec�s failure to pay an amount due under thc-Note os this Securiry Insuument. 'i'his right.applies even after �_;„�.,_
<br /> • foreclosute proceedings arc roscituted. 1b reinstate the Security Instrument.Botrower shall tender m a lump,sum al! �-°
<br /> • 'amaants tequind ro bring Borrower§account curtent inctuding.to the extent they ace obtigations of Borrower under this �-_<==_�==.�
<br />• ,.,::,� ^�'- ,. S�tiry Iustnament,foRClosu�e costs aztd reasonable and customary auomeys'fees and expenses properly assaciated witb . �_-
<br /> -,�. ;� tbe foreclosu�e proceeding. Upon reinstatement by Borrower,this Security Instr�ment and the obligations that it secures ,
<br /> �+:;°� �� shall rcmain in effect ag if I,endcr had not�equiced immediate payment,in fuU. Hawever.Lender is nqt requireA to permit �_
<br />� • � �instatement if (iy Leader has accepud reinstatement after the commencement of fomclosuie.'groceedings anthin two =-�_-_
<br /> . • ` y��,ars immediatety preceding t6e commencement of a cucrent foreciosure proceeding, tii} reiustatement witl.preclude
<br /> '. �`'- fot�cclosure on different grounds in tUe future.or(iii)rcinstatement will adverseiy affect the priority of the lien cneated by �`-`�=
<br /> . ' , x:;� - -:
<br /> `��-�'`� ' this Security Instrumen� ,`�ry,`°�'� --
<br /> • - `����``. ll. Borrqwer Not Released; Focbearance b� l.cnder l�iat a Waiver. �actension of the time of a ment or � "'�--
<br /> -�.�- ��` � modification of amortiaation of the sums secumd by th�s Secunty Instrument granted by I.ender to ariy successor�n interest ��=-
<br /> ' '"`-;�:�`` of Borrower shall not operate to release the liabiliry of the original Borrawer or Borrower:s sua:essor�n interest. Lender . "' ����
<br /> `' ` �t�� shall not be requind to commence proceedings aga�nst any successor in interest or refuse to extend time for payment or ;-_
<br /> � otherwise modify amonixation of ttic sums secured by this Security instrument by reason af any demand made by the i �'��� � �"`--
<br /> ,u`::�',,:> '�;;�;� ;
<br /> , osiginal Hortower or Botrower's saceessor::in imeres� Any forixarance Uy Lender lo exercising ac�y nght at t+emedy s1w1t • - _ • -
<br /> , - ;Y., . . not be a waiver of or pnectude the exercise of any righi or remedy. . _ • � -;
<br /> lE. Sac�easars and Asgigns Boued:dojnt and Severnl 1.iab1llty;Co-Slgners. The cuvenants and agreements of ",�;..�;
<br /> � - this Security lnstrument shaU bind and benef"u the successors and assigns of Lender and Borrawer.subject to the provisions u• %.
<br /> . . i , of Paragraph 9.b. Horrawer's covenanxs and asreement�shaU be joint and several. Any Borrow�v wha co-signs this • :. ' -- '-
<br /> Sec�rity In.ctrument but dces not execute the Note: (a)i�ro-signing this Secudty Instrument only to mortgage.grant and '�.--';,,.. '.�'r=` ":
<br /> '' . :;•;;;�- convey that Borrower�s interest in the Propeny under the terms of this Secusity lnstrument:(b)is not personally obtigated to �',:;-����=- h�
<br /> {��,:_... . . •�_;
<br /> _ ` pay the sums secured by this Security lnstrument:and(c)agrees that Lender s�nd any other eonower may agree to extend. • rr.����
<br /> `�•• � i+ mod�fy.forbear or make any accommodations with regard to the terms of this Security Instrument ar thc Note wuhout that •, � ��
<br /> ������''" ' Borrower'sconsent. '
<br /> ;. '" l3 Notices. Any notice to Bonower prnvided for in th�s Security Instrumcnt shall be given by delivering it ar by • • ��='-
<br /> mailing i!by first cia.s.s mail unless applicable!aw reyuires usc af anothc:method. The natice shall be dirccted to the : �;.�"s
<br /> '' ' Ptoperty Address or any othei uddress Bonower designateg by naticc to Lender. A�y notice ta Lendcr�ha1�6e given hy •
<br /> � " ,;f;;,j •: � first class mail to Lendes's address statcd hemin or any uddretiti l.ender decignate:#sy natice to Baaawer. .�v�y notire ' �
<br /> ,�',.,• ,,,� �•��,,_l� ,;�;;,:; Qrovided for in thia Security instrumcnt shall hc deemed tn havc been givcn to Bnrrawer or Lcndcr when givcn a.w providcd . :`',•��,:.
<br /> .. •L . jn ihis pasagraph.
<br /> • �y�� � • 14. GaverninR Lawi Severability. 'fhis ticcurity Instrumcnt whalt hc govemed by Fcderal I�w and ihe law of the {
<br /> 'yi }��.> ' juriufietion in which the Property i.r•loratrd. In the event ihat any pr�vi�inn ar ciause ot'this 5ecurity Instrument or the ,
<br /> . r r,�,� .� � , .
<br /> _„ ,�,.,;.,-- . Nate conflicts with applirabfe taw, such conflict shsdl nc�t affert other pmvivianz uf tfii.5ecurity Instrument or tfie Note • ,
<br /> �•'. which ean be given effect wiah�rut the cnnflicting pravi�iun. 'fi�thi�cnd the prnvixiuns��t'�hiv 5ecurity lnstrument and the �
<br /> �,�� • ' Note arc decisued�o be xe�•erabte. �
<br /> ,� ..�..
<br /> '.�'" . _.�y=•, .'= 15. gorrower'sCopy. �on�wcr�hall tx;given uue canformeciropy��f ihic 5rcuriry Instrumcnt. ; , . . .
<br /> � ,���,;; 16 Assignment a(Rents. Bartower unconditianally ussigns:u�d tran�fer.r t�L.ender u111hc rents ttnd rewenuew of the E ,
<br /> ' ?�'^'',;,, �`. " Properiy. Botrowcr a�tharizc�Lcndcr or t.cndcr w:tgents ta cultect the rents;md revenues:�nd hetchy direci�each tenant�f .
<br /> ����{�.: the PropeAy to pay thc rents to l.ender or Lcnder's•a�ents. Nawever.priorta Lendcr's n�nicr tn gnnowcr uf BoROwcry �• ,
<br /> breach of any covenant or ugrcement in tflc Security Instrumrnt.Barr��Ner�haf i c��llect tmd receive s�ll rents and revenues of `: ��" ..
<br /> - �`.;.;, �� 1 •,:ti; the i'roperty as tructce for thc beneflt nf LenJcr and Borrnwcr. Thi�assignmen���f rcnts ranstitutcs an absolutc assigttmcnt i'�
<br /> =. and not an assignmcnt for udditianal sccudty anly. i • �
<br /> +:. � ]f Lertder gives notice uf tirrach w Ho�rower: (ai)all rents received hy Horrawer whall be helJ by gorr��wer a�trustee , '
<br /> � . �•-- - � for bcn�t of L�mdcr oniy,tn be applicd to thc wmc�ecumd hy the 5rr�dty Insm�mem:lb►l.ender xhail t+e entitled to � •
<br /> ' .. ��r• ; ; , coltect aad rcceive all nf the rents c•f the PY���+eny:and(c1 cach tenant�,f the p'rnperty�hall pay all rent.r•duc and upp�id ta _ _ . _ _ .
<br /> .�, Leader or Lender's•�gent on L.cndcr's written demand tn the tenunt. `
<br /> i:�s. ��wet h:is nnt executed s�ny prinr asxignmcnt i�f the.rems�u►d has nu�:u�d wiil nnt perfi�rm;u�y art that Nould ; . .
<br /> �� . ' ' prevent lxnder fram exercising its ri j;hts undcr thir�aragr.lph 16. . `
<br /> ;x�� ' Lender shalt not be myuireJ t�entcr upnn.t�ke cu�itre�l uf ur m�imain the i'�n�xrty t+rfnm or al'tec givin�e rtutice uf' 1 � .
<br /> ,_:4,,, . brcach ta Borrawer. 14owcver.tc:nd�7 ur a judi�tially ap�intc�re�rivct �nay du w at uny time t4rcr i��brr:ech. Any � , ,
<br /> � . ' upplication df rents sh�ll not cure br waivc:u�y�icfault or tnvalidate any��iher right or rrmrdy�f Lrndet. 't'his as�ignment I
<br /> " ' ' af rems of the Prnperty shali termin:�te a•hen thc deM secarcd by thr Sccuri�y 1»��rumcnt i,paid in f'�ll. �
<br /> .. .
<br /> -_-�_-=--=—�_� ....
<br /> • �- - --� - - - - - - - -
<br /> , -- - - - - !4_._____.__�._...
<br /> � � , � rpuCE+r,fdtwe�c� • f
<br /> x'�. . '
<br /> �:1_�`1,. �•F. ' .. .,, . . . _ .. . . . . ' . . . . _ , � • • .
<br /> ♦ ' f� �... � . . ..__ _ -_ ._
<br />
|