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<br /> - - - - —,�:�r�..�.�_�o � , �C,�of�w�se�`Al.;,;e,iee.,s.eoe.i�wr a� :. _ ,' _
<br /> - -- �01��•10��O�O��G 1li�ll�f YOdCC 1�1C NOIE�1�1/$ECI���bE�90�l�y• .
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<br /> 3. �A�oaMriNiM�f D�M. ° . .
<br /> ` (y Ddfwlt. i.d�der�y.ezoept ss l�ni�ed by re�ui�ioac it�e.d iry We Seae't�ie tl�e w�e af paya►eAt de6�its. `
<br /> - - - �equ�'imm�it�e�m�t ia litlCQial�s�»�ocvod by tbis SeaaitY Ias�nmaet�. ` - -� .
<br /> f)Bonowix dd�wip b�►fiiposio in tu11.�►mo�ly,paymtaf�by�i*Sew�tr ie�um�Ptidr� �
<br /> _-----< ---_#x�s�e ------�- -`._ _____—_•------_..---- - __
<br /> - - ------- C��b!►idiins.ta�a�Pe�iod af duKj►drys;to pacfo�m any a�ha a61i6atiaos oaa?�ioed'a�dr's
<br /> : t�?�������M'��.�;�°�'��if P��►�PPGcabie law and wMh t�a pcbraPPwal of d�e
<br /> ' �y.tal�e iq�froed�.��a�e�t�a�i�l af all die�ms soca�by dt�Sxcuit�r Imt�m�ot i� .
<br /> (7/lli or prtt�f ine y,�or�i�a�e5cb1 io�c�s tn�st o�nait�aU�a pR d dre PYopafty.is sdd ac . .
<br /> ' amer�vi�e trsutated(a�tl�t tijr deri�e a desa�)b9�e Baiow�e�aod
<br /> . . (ii)The Pr�paty.i�uot oeeupied b�►d�e p�eeluxr or�r�tee as Lis a�6es pcu�cip�l�r.sidaice,a�e p�
<br /> � or Stantee does zo eocapy tl�e R+epei�[y but Mis a I�er c�od�t b�s not been approved in aoca�noe
<br /> � niiW d�e mcp�etnaws d d�e Sectetuy.
<br /> . . (a)1W WLix� If cit�am�occur t6u wouW piermit_Leuder tu reqnire immediue payureat in fn11.bnt I.eodet_ �
<br /> ` � das not roquite sucbp i.ender does tat w�ive its rigMs with nspax to s�qua�t evwts. ' .
<br /> f4��t H[JD�� Tn m�ny�neaut�tioaa icsued by tbe Secrase�w�71 lianit txa3er�
<br /> ti�r in t5e case of payment def�ta,w re�u�ee it�edint paymmt iu fiill md fa�ecloae if not pitid. 'itis . � �:
<br /> � - Sacutity�astivmrnt does rwt atuhorize accekratwn or fae�closune if�t peitnit,ted b}F'iegnl�tioas uEthe Saxet�p •
<br /> • - (e)MKt�,t�e NoCL�roi; B°a°wa sg�oes that shodldtSis Secia�ty.fnstn�ment and the nnie so�med meKbg�fot
<br /> be eli�'6ie tar insarance uoder tbt N�tiot�l Housbng Act withh� . . �90,DAYS . ; 5om thc �
<br /> . date I�eneof.Lender m�y.at its optioa�ad notwith�og aaythiag in P�ngraph 9.teqaQe inao�e Paymdo�t in .
<br /> fo0 of dl.s�ans socured by this Security lnmumeat A writtar statemait of aay awborind ag�:nt of the Seceetacy .
<br /> dated subsequent t� 90 DAYS from the dace hersof.decTming co ias�ae this Secvrity
<br /> — Inutumtnt tad the twte secared tt�eby.shall be deenxd c$nc�osive pnyof of snch bxligi'b�ity. Not�rith�ida� � .
<br /> the faegoiag.this opian may not be eaercised Ey l.ender when thc unavailabiliry of insarance is.sokly due w ;
<br /> - _ Lendert�failure to rcmit a mortgage insurance premiam to tt�e Sec�etary. '
<br /> -- li Reiashte�ee� Bot�uwer has a right w be teinsiated if l.ender has raiuined immediate paymcnt in full berause
<br /> of Borrower�s faitu�to pay �n amaunR doe ar�der the-Nate or this Security InSuuayent. This nght a�lies avea after
<br /> fo�eclos�us p�oaxdmgs are institoted. To temstat�the Socurity Im�t,Ba�mvver.shall teoder b� s lump swn �11
<br /> amounta toqui�ed tabring Bom�wer's acxount caReM in¢lating,to the exoent they ac�abliga6oas of Bonowa under tbis
<br /> ` Security lnstrumen�faeclosuce casts and rrasona6le and customary attomeys'feES and eapenses prapedY associated wah
<br /> tl�e faocbs�ue pooeeding. Upon ceinstatement by Ban»wer.tbis Socuricy Insuumau aad the obliga6ons that ic se�craes
<br /> . �. sh�l1�emaut in effect as if I.ender had not req�rined immediate payment in fu11. However.Lender is not roquurd to perrait
<br /> " �einstatertxnt if: ti)LeAder has accepted reinstatement after the wmmencemeM of foceclosure proccedings vndwx i�:o
<br /> • . � ,. , years immed'ately preceding the commencement of a crosent fomctosun proceeding. (ii) reinstatement wdi p�e
<br /> fi ? farcclosu�e on diffecent groimds in the futun:,or(iii)reinstatement will adversely affect the pnority of the lien c�rai'ad by
<br /> . ��'�'`' . tbis Security lnsUUmen�.
<br /> `��:=�? F�' 11. Boerowte NM Rele�tsed: �orbwraace by l.ender Nat a Waiver. Extension of the tune of pay�ent or
<br /> - � . `. modification of sunortization of the sums s�cured by this Security Inswment granted!ry Lender to any successer Ec�t __
<br />- ;T-:-.. of Borrower shaU not opetate to release the liability of the original Borrower ar Borrower's successor in imeres� �der __
<br /> �'`• • chall not be r+equired to commence proceedings against any successor in interest or refuse to eatend Gme for pa}tt�;�[or __
<br /> - •` � ' otherwise madify amortiiation of the tiums secured by this Security instr�ment by reason of any demand made 6y the �_°--
<br /> : � . original Bormwer or Borrower's successms in intemst. Any far6earance by Lender in exercising any rigl�:t or remedy shal! - --
<br /> . .� nd be a waiver of or preclude�hc exercisc of a�r right or remedy. ' ��:;
<br /> -�� • � - !2. 5ucaessors and AsziRns Bound:Jdnt and Se`er�i Lia6�ity;Co-Signers 'ifie covenant�and a�s of =�_-
<br /> " ..�... . ':.. Ihis Securily Instrument 1haA bind and benefit�he auccessors and assigns of l.ender aad Borrower,subject to the p�+Lf+�ns �'�°��
<br /> • • � af PSragraph 9.b. Barcower:covcnants and agrcements shalt be jo�nt and severai. A�y Borcower who co-s:;�s'�is '`-_
<br /> � • � • 5ecurity Inctrument but dae.not exeeute the Nate: (a?is co-signing this Secudty Instrument onty to xnortgage.grant�d ��._�'
<br /> � • ce�nvcy that Borraw�cr�intcrcsl in thc Property under the terms of Ihis 5ecurity instrument:lb)is noi p��nally obligated to
<br /> pay thc�ums�ecurcd hy�his Sccurity Intitrument;and(c)agrcc.r chat Lender and any rnhcr Borrowe;r+.ay agree to extend. :"���t;';
<br /> - �.,A• � � � - madify.fcxf�eat nr make any accommodations witb regard to the termc of thic Secunn Ins�umenc os t�e Note without that _
<br />... ..-- -._.- . . Hottuwcr�conunt. ;;:i�.`,;
<br /> ' . ' •� �•• IJ. NaNcef. Any ncHicc to Borrnwer provided far in thi�Security Instrumcnt .rhall be gi�er:G�delivering it or by ' ' '
<br /> ' •� � a�ailinb il hy fir.t cla.�mail unle+c appiicabte law reyuire� u�r af anather methad. The notice s[raii'se directed to the .
<br /> : +`: � ' I�nK+ctty Addre«ur any othrr addmsti Burrawcr dc�ignatc.by noticc ta Lcndrr. Any n��tice to Len�s5a11 be given by
<br /> • - _ _ � - fir.t cl;���m:iil tu IAnder+addre.��r.�tcd hecein or any addreti.l.end�r de.ignateti by notice to E,am;��er. My notice ,.. -
<br /> � : �rovidcd fi�r in thiti Sccurity Imtrumcnt�hall bc dcemed to havc t►cen given tu Borrowcr or Lcnder wFext given as provided ' •
<br /> _ . _ . .. .. �n�hi,pa��y:raph.
<br /> . , •. . . 14. I;o�rrelnR Law:Se��erability. This Sccurity Intitrumcnt shall bc govemcd by Fcderal law aZd t}se�aai�ofi'the t•
<br /> juriafictinn in which Ihe 1'r��p,rty i�l�xxted. In the event that any prnvicion or elau�e of thic Securz{}�+,nnrumer.c or the
<br /> N��te c��nllict.uith:ipp'licabte law,�uch canflict�hall not affect o�her prcn•i�ions of thiti Securit}tnsirutatent or the Note
<br /> � '_ . _ whieh c:�n t+e Fiven eCfect withou�the cunilicting provision. To this end ihe provisions of this Seciuity�tn.�rrtiment artd the �
<br /> . ...._ . �: .
<br /> � - . ' Notc urc d�tillircd tu Ix Kvcrahlc. � , • .
<br />__ .�"'.---�--.. . .---�"- IS. Nor�oK�er's 1' y. Nnrtnwcr chatl bc givcn anc confatmcd copy of thit Securiry Instrumen� , . .. ['._; ,..-
<br /> , . !6. A!►�mntnt d�mtv. Fionowcr uncondivan:ilty a�.igm and trsm!'en to Lee�der al!the rents attd reaenu�of the t
<br /> • . 1'irupeny. Hortuwrr outhoriier I.ender en Lender ti agents to collect�he rent�anA retienues aa�hereby�directs each tenant of !
<br /> ' ' thc('���pcny to pay thc rcntti to Lcnder or Lcndcr c aFcntc. Hou•ever,prior to Lender ti natice ta Bomswet of Borrowet's �
<br /> . � hre;Kb��`noy a►venam ar agrecmem in U�e Srcurity In,trumem.Borrower�hall collect and receive�ft rents and revenues of .
<br /> _ .'. thi 14cspetty ag ttu.�tec tur thc bcncfi�af Lcrtdcr and 8orrowcr. This a+signment af rents coastitutes an absolute assipimeat �:_-.__... _..
<br /> .i' • •. • anct n���n ni�ignnxnt fur�dditional�ecurity only. � •
<br /> - , _ ' Ii I.ender�;ive.nnitce nt hreach to Hurn►wrw. 1�1 a0 rent.reeri�ed by 8orrda�er tihall be held by Bc�rrower as tnistee '
<br /> . � � I��r t�nr����f(,eude�unly,tu he applicd tu the�unn�rcured Ny the 5ecurity Tmtrumrnt: lb>Lender shall be entitled to
<br /> . , � '. culleci�1 rreeive uU uf thr rentti uf the PrnpeAy::u�J(c)each ten:u�t vf the Propetty shall pay nll rents due and unpaid to �,
<br /> ,-_- - :-_ `_._...,_ I.cnder er l.enderk ageM on t.eitdcr's a+ritten demand tc�the ten:int. r • .
<br /> � • , Horr+tiwer hr�ncA caccuted any pricx a«ignment of thc rents and hac nat and will not perform any act that would j
<br /> , . . . • {ncvenll.c�Nk�fn►m exrtci,ing ih nghty undcr thir P�rag�apt�1(+. ; .
<br /> : � . IAtH1cr+trrll ix�t lu rcyuircd to entet uqm.wke contrul of ur maintain the Ptoperty befom or after giving notice of j.
<br /> ° � Ixea�h t��Hnm�NCr. Il��urver,l.ender or a�udicial(y a�rinted receiver may dv so at any time there is a breach. My
<br /> •` * . : - jy+plic:Ni�M�ut rcnt,shal)��u1 cure ut v►ri�e:u�y dci'uult ar�nvalidatc:u�y uther right ur remcd�uf Lender. 71�is assignment E...__•... __ ._
<br />_-= - - °--�� fi tems�ti�c i4�ty sftati tcrmirr�tc whe�the dcbt scivred by t6e Seeurity irtsmimem is pat�m fulf. _-------
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<br /> ... � • . • ��r5v��,fJ p,�yt•�� . •
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