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<br /> s� 1108��
<br /> I0. Reiastatemeat. Borrower has a :if,ht to be reinstated if Lender hae required ia�stediat,e payment in full
<br /> Lecause of IiQrrower's failure to pay aa amo¢nt due under the Note oz this Secnrity Insuncnent. 'lhis right applia
<br /> ev�after foreclosure proceedings are institut�. To reinstate the SeGUrity Iastrument, Eornowex shall teader in a luaip
<br /> sum all amounts required to bring 3orrower's account eurzeat including,to 8:e eztenc they are obligations of Borrower
<br /> under this �ecurity Insin;me�t, forzclosure a�sts �d reasonatiie and custamary atiomeys' fees and expenses properiy
<br /> ��ssoc:�atE�r3 with the forecioslre ptoceedU�g. U�n reinstatemeat by Borroa-er, this Seccrity in.stcur.±ent and the
<br /> a�ligations thaz i�secur�es shall remain in effi�i� if Ixndet had nat requirc�i im�ediate pay�eae�in fu1L However,
<br /> Lendec is net required xo permic reinc� if:C} I,eade: has auxepted reirs�at�ent aftcr the com:neaceme�t af
<br /> ferexios,are pr.�eedings within hwo v� immediately preceding the commencemeat of a cuzrcrt foreciosure
<br /> �rocreding, (ii) reinstate�nt wiil preclude f�rr.�l��ue on diff�ent grounds in the future, ar �.iii} reiast�re�nt will
<br /> adversely affect the priarity of flie lien creazed hy 24�is Sernriry Instns�ut.
<br /> I1. Borrower Not Reieasa�; Focbe�noc bp I,�der Not a Waiv�r. Extension of th� time of pa}�ncnt or
<br /> modification of amortization of tbe .-ums secured bw this Security lnatrument granted by I.ender to any sucressor in
<br /> interest of Born�wzr snall no! operate to rel�se the IiabiIiry of the originaI Botrower or Borrt�wer's succcssors in
<br /> interest. L�der shall Bot be r�uire3 ta ca�u Froceedings agai�..�t any s�ccessor in interest or�fuse tc� eztend
<br /> tune f�-payment er otherevise modify amortizatioa of L�e sums secured by this Securiry Instrument by reason of anv
<br /> demand made by the originaI Borrowrr or Borroa;er's svxessors ia interest. Aay forbearance by Lende: :n ezercisi�g
<br /> any right cr remedy shall not t>e a waiver of or preclucie the e?cercise of any right or nmedy.
<br /> 12. :1�c�s.�ors aaci Assi�nc B�; )oiM and Seva�sl ?iabelitp;C�,�ig�s. 'Ihe covee,wwts and apreemenu of this
<br /> Security Jrwtnunent shall bind and beneft the sucr�sors and assigns of�der an�Borrower, a-ubje�t to the pmvisions
<br /> of paragrapn 9(b}. Bor.awer's coven�ts and agreemenu shall be joint and several. Any Borrower who ca-signs this
<br /> Security I�stiu.u:nent but does nnc exccute chc Note: (a) is co-signing ihis Security Insuu.�nent orly tn rQOrtgage, grant
<br /> and convey that 80^�•�:er's interest in the Property ur!der the tenns of thi5 Seci;rity lnstt�ment: 1�; is not person311y
<br /> obligated r� pay the sum�securrd bythis Security Irsr.um�nt; �d (c) agr�s tiiat Lender and �y other Berrower may
<br /> agrec �^ cztcnd, r.sodify,forb^..ar or make any acxom..iodatioas with regarci to the icrms �f this Security insm�mer.t or
<br /> ;he Note wichou. that E�nower`s c��sent.
<br /> 13. I�otices. Any notice to Bornower provid�ci for in this Scc�uity Ir.su�ur.�ent seall be given by�elivering it or
<br /> by r.aailing it by fz;st class mail unless appiicable law requir� use of a.nother method. The no:ice shall be directed to
<br /> the Pr�perr� Ar.�ress o: a��y other 2ddress �orrower �+�i�ztes by nocice to Lender. Any nodce tu Lender shall be
<br /> G:v°,��.y first cl�ss:nail to Lender's addr�s stated her�in er any asidress Ixnder desi¢nates by not;ce to Barrower. Any
<br /> netice previded foc in this Security Instrument shail be deemed to have t�n gicen to I3errower or ixa�er u•hen given
<br /> �.s p:avided in this p�ragragh.
<br /> 1d• Gaveming Iaw;Scve�avilitq. 'Chis Security Instrum�t sball be gevemed by f�eral Iaw and the law of the
<br /> ;urisci:ction i� which the Property is located. In cbe event that aay provision or clause of thu Security Instnunent or
<br /> the Note conflicts with a�glicabte 12v,,sueh con.flict shall not affect ottser provisions of this Secu.^:ty Instrument �r the
<br /> Note �vhicb can t�e gi�:ea ecf°ct•x�ithout the cor.flicting provision. To this er.d tre orovisions oi this Security InstrumcK�t
<br /> ar.d the Ncte are declared :o be severahle.
<br /> 2;. Bormwer's Gopy. Borrower shall he given 4ne ecnfo:med copy of the No:e and of this Sec�arity Iastrument.
<br /> 16. Hazaxdaus Shbst�s. �rrow�er shall not cause or pernut the presence, use,disposal, siarage, ar reiease of
<br /> any Hazardeus Subs?ances or or in the Fropezty. Borrawer shall not do, nor allow anyone tlse to do, anything
<br /> affe;,ting the Propercy wat is in violation of any Eavironmtnial I.aw. The precedirtg two sentences shall not apply to
<br /> the presence, u�e,or sto;age on the Property of small quantit?es of Haza.*dous Substances that are genera?ly recognizai
<br /> to be appropris:e to norrn�al residentiai u,ees and to maintenosnce of the Property.
<br /> Borrawer shalt promgdy giv�Lender writtrn notice of any investigation, claim, demand, lawsuit or oiher action
<br /> by an� governmental or regulatory agency or private party ir.volving the Property and any Ha7ardous Substance or
<br /> Env'uonmental Law of whic; &+rrower has acrsal Imowledge. If Bc�rrower learns, or is netified by any gavernmental
<br /> or �egulatorp aathoricy, tbat any removal or other rez�xrliation of any Ha7ardous Substances aNect;ng t�e Property is
<br /> necessary, &,rzower shall promptly take aJl naxssary recrKdial actions in acGO:danee with Environmental Law.
<br /> As vsed in this paragrap:: 16,"Hazardous Substa�ces" are those substances def•.Qed as tcjzic or hazardoue substances
<br /> by Envimumental Laa�and the f��llowin�st�bstances: gasoli�e,kerosene, othe.r flammable ar tozic petroleum products,
<br /> tozic Fescicid;s and herCicides, volatile solvents, materiais contai�ing asbestos or formzldey`�}de, and radioactive
<br /> materia?s. ns Ls�c! in this paragragh I6,"Environmentai Law"m�ans federal Iaws and laws of the junsdiction whcre
<br /> the Propem; ;� iccated that re;ate to health, safety or envimnmental protection.
<br /> ti0N-UNIFORM COVENAIv'TS. Borrower and Ler:der further covenant and agree as follows:
<br /> 17. ,'lssignmcni of Renis. �'orrawer uncondi:ion�ly assigns and transfers to Lender a:; t�ie renu arsd revenues
<br /> of:he Property. Borrower authorize; Lender ar Lcn�er's agrnts to r,�Ilect d�e ��.�is and revcr�ues and hereby dire�u
<br /> each tenant of thc Pr�pe:ty to pay the renGS ro I..endr.r or i.e�zder's agents. Ho�t�ever, prior to Lender's notice to
<br /> Bo^ow•er �f Bor.ower's brezch of ar_y cc�ver,ant cr agree-nent in the Security Instrument, Borrower shail collect and
<br /> �� rcccive �Il rcrrs and rVvenues of t�;e �'roperr.y as trustee tor tne beneGt of L.ender and 8orrower. This assignmen; of
<br /> rents constituees an absotute assi�nment and not asi assignment for additionxl sccurity oNy.
<br /> If Lender give, notice of brea:,h to Borrower: (a) all :rnts receiveci by Borrower shalt be held by Borrov�er as
<br /> tr�sEer. for bencfit of Ixnder only,to be applied to the star.�s secured i��the SecLrity Instntmen.; (b) L.eztder shall be
<br /> entitl.d to coitxt and receive all of ehe renu �.`the Property; and (c) each tenant of the Property shall pay all rents
<br /> ��•' <iuc and ur�naid to Lender or Lencer's xgent on Les�der's written demand to the tenant.
<br /> � Bo-rowcr has not ezecuted ang�prior assig:unent of the renis and has not and will not perforrn any act that wouid
<br /> �±revent i.,er.der from ezercising its rights unde� this paragraph 17.
<br /> I.er.der shaii not be required to cr.ter upon, c�;ce control of or r.uintain the Property bef�rc or after �i�ing notice _ "
<br /> of brca4h to Bomower. Ho��ever, Lender or a judiciatly appointed receivr.r may do so at any time there is a oreach.
<br /> NPBRASIC/�-F�HA DtsED OF 7ltilSi' N'96
<br /> �!r...re �!�:irns.im.!K1tT t�9.1?y2 p'd,P,G `�Of�(t
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