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<br /> s°�„�,�„_,�� ' ' Fa�+,�ots�nrAtcb nre 4ebene�to ia�ph 2:,as cri.�utge the e:nou�st of such Qa�ymentq.'Aay exce�s��.s�av�r en � ``
<br />= ara�ts�i�rr,�;tSrF.�to�y�ll �o�tasidii��IudsbteBa.e�s un�der the l�Iatc ured this�esz5�iry Ins�sha31�e Raid W�q'encliy , - < -�;: --
<br />�� � La�atl Crwtted tRerem. f � `� '� ' ' ' . . . . � ' -
<br />-._ �Fae�L.bnd°,r m�q c;�ltert fers aridc6�Bss s u t h m a z s d 6 y t he S e cietary: . - , . . , • `�`.
<br /> T�.' a ' 9.Gt�nnds for A�ttan ottlebe. . , ,
<br /> �a3 ikf'autt. Lc�r an��r;axc�p2 as timit�d dy�+eg�ita�ur�a issned by tha Secs�t*!ia the ca,�o�paymeni defauIcs,�� .
<br />- , _ �'�,"`; �equire immediaoe�ajnuient ia f�iftnf m�t suma se�ar�Y by t1�is Serul`ity I�stn�ent if: � - ' � � ,
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<br />��= �: ��. �;�;. . (i)Bo�vn,tr defavJm by�fa�7ina�W Pap�in full�y monthlY Pal►ment required by c�is S�rity S�sstaivaeat prIaf .
<br /> _�, ������Fti�,.�:, to er an`the due da4e a��next montbiYpaYme�k or � � ' '
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<br /> . , . . . . � (��$v�wac d�fauits�y!'aiiing�for a�gf tWrt}'d�Ye,.to perforrn.any ecker n61igfltiona c4ntained ie this
<br /> � , SECnritgt Lisb�umen�
<br /> `�: .:�`�`r � {'` '�`'; � (6)Saie Wi4�tau&CreddtAppmval. ti.'��tdetshaU,if�aedby applicable iaw aad withtit�prio�approval af die - ----
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<br /> _�iw+�s=%��-.>-�-'.:n.-', �Y.�i���ate Paytaent�a faII of aD the swas secured bq thta Security Instrament if: —
<br /> - �k;. . >:,�:--. (�AU,or putt of ti�e pe�ty,�r a 6eaeficial interest in a trast ovuwng all or piut of dae Peaperty,is soid ot
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<br /> ��,rY�t .::,::3�-:r:� ottienvisz uar�sferrad to�ther tban fiY devisre ordesceat)6y the�onvwer.aac!
<br />�':" . " > :'.,:� (n}'I��a�perty is nat aoc�upied by the purchaser or grarrtee as Uis or her principt�msideaee.os tbe p�rhaser
<br />–.r,. a�,y,s:w:..'
<br />°"� ;�'�.;,�_:� .',.�.:.:,�'�.. or gz�tee dues so occupy tl�a Frogerty but his or �er c�dat W�s not been apprbved in accar�daace
<br />_ {x°'.�. � _ wltbtlse�eqaitementsaBtheSeci+esary.
<br />_ = , ' (c)i�Io��ve�: Yf cACUr►is4ances oocurchat woald permit l.eader ta cequic+e imntediate payt�cent ia�ulE.6ut l�der� __
<br /> �.-..� .��. ,.�,;.:;��;:..�; does not cequite sasb.J LeQderdaes aot wnive its�ights with respect w subsequent eveats. —_--
<br /> ' : ' :'+ �(�}�lat�on�ctf l�[I����S�set�rq. In many circumsmnres reguts�tions issued toy the Secre�tary w�l Wnit Leader's
<br /> .:::;�,:'�;<�:�;����'. i, rights.in,t�e case of paycrcent defantts,tfl re�uue immediate payment in fiill and fomclos�e if notpaz d 'Ihis
<br /> _ ,�::..% � � �.:,�
<br />. �,;y..�:�;' ;..,..; • Sec�rity tnstnm�¢nt daes aot authorize acceleraaon or foreclosnre.'ff acn pennimed by tegulations of tAe 5ecnetary.� .
<br /> - :_ + , � :.:> (e}Mostg�ge i+Ia2 Ensnrs� Borwwer agnees that shauld this Sec�ity Instrumeut aad dte aooe sec�rced thereby not � . �.g -_
<br /> fi :; ' . , be eligible for insu:anse uudea the Natianal Hausmg Act witbin � �.� —
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<br /> `... � • ;�;;t`:�;�r"��y�. - date heceof,Leader may,s�t its ogtioa and notarithst�tding -'j.�4���Fa = ---
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<br /> . _.,,�,.;_. .. . . -
<br /> :. � , �+ir,-�,r`�.,.,. _ . .. . . Instrument��A mia statement nf�authorized.agent_s�f.�� ==-
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<br /> ;,,,..,.�:;�.r.; . foll..of all sums�ed by 3his.S .._. ..._ _...._.--
<br />_ �,;�`; , -',�Y,,+ �� firom the date heteo dec" m ia�e this Set'arity , --—-
<br />- ,,,t•, �t::,.,; �''� ,�.,~; dazed svbsequent to ,��' � � °�m.�=
<br />_�z: .,,:<�: ,,:;. s.� . ..«�. , �'�"� - --
<br /> .•r ,;,;f���;;, . � . Insuumeat and the note s������ceaY:shall be deemed conctusive pmof of such itieGg�'631ity. Piotwithstm�ding ��_.
<br /> _ '<;"``;�;f�r��� - � ttat Ese'exercised b Let+der wben thee unavailab�ity af iuseu�a is solety dae to ��'`_-_
<br /> a �' ; . the foregoing,this optioa:may � 'N $:-
<br /> �£�#� ,� . Le�ider;s fa�tue ta iemiise ti'cortgage i�itrattce ptenitum to t5e Sec�etary. . � ''`= --
<br /> �" � IO Reicsfatemen� �ano"uver has a�ight ta 6e re�ed if Ieader kas iequi�d immediate payment-in fu11 ber�ause `� ,��°�'«
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<br /> ' � ' of Borrower's fu'icme to pay`�amaunt due uader the•Note or t�is�eanityr Insuument 'ihis reg6t,applies ev�after �'}�a��;z;.-
<br /> -t�� ":3:;;::,�•.�;��r:,;:'s°•.,:�•i;, forectosure proceedings are insUtuted. 'F��e�state the Sec�irity L�. Bormwer shall teader m a lwap sam a31 Y'���;�.=
<br /> s. � t ,,�r� ; :� amouats re,quimd to�bring Samswes's accaEUS¢,ca�rrent includin�,,io tt;����st Eltey are obUgations af�orrower under this� �'�-�!.
<br /> - ,�.��'����'.` � � Security�n�foiectos�r�and epsonable and��y�.t�r:�:;�'fees and expensespro perty assaciated vrith • ,,�.
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<br /> _ '�,'�''•��F,}s�'��iFt'`''•!r►y;i. 't tiie f+areclosw�e proceeding. LT�,-r.�nstaicment by'Bor��:3�is Sr.��xriiy Inshvmeuc ynd the o6liyations that it�'�s ?� ;w
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<br /> •�` ;,' :.;�4 s �' �i�a E[.cemain in effed as if l���r.�i��Qi r e q 4ired immea;a.+:.�aymeut in fuU. HoR�:W,�:;E.exder is aot required ta�tsnit , ',:
<br /> _�' 'r�. +�;. ti,i;;: �';�,�, within two ° . °' "J _
<br /> ,,r '�` •?<' �t •, reinstatement if: (i)Lender Gaas acc�pt��-���r�tatement a.��the commencement a f fd:�c 2osure pro c e e d i ngs_ '.. <,',
<br /> ��+� ;�.',. ,,�,, ��;�;;: s m (u) reinsta�anent wdl pteciude . =:� ,`
<br /> = ;:� �`• .•� . years unm e diaoe ly p r e c e ding�t fie c n m m p���s u u o f a c u r r e n t f o r e c l e�,.�•p i u c e e d' g, �
<br />- ;` `'`�°` ;''..�•<'tsi' °�;' forec2osure on different grounda in the fut¢r�,� iu �insYatement.wi�;:vi.�rersely affect the priorily csf the lien created by ,�f:,.•,r. ,�?`
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<br /> -<;= ��=- . -,��'�-- =- thisSewrity lnshumen� ,�,�f' ,
<br /> �~ "`��' '� '; ll. Borrower Not Released;For6eara�sc� by Leiii3k�.Not a Vl�ai�er. Exiension of the wne of paymerti or ���"��'-�'��% �=;;--
<br /> , .r;...'; . :, `;i:`a;,;:.. ,,...
<br /> �;, ' ;,.�;��;' � . modificatiop of amonization of the sums secured by[his Sea.�c��Insm�ment granted by Lender to any saecessar in intemst , �yk'.��� , '.�:;;-::
<br /> _ :,'>. of Bonawer shall not operate to reteate the liability of the original Borrower or Bosrower's successflr in inu�nest. Leader :�.�';#��jw�j�; �.��.
<br /> � ;� - shaU not be required to commence proceedings agauist any successar in interest or refuse to earend time for payment or "�'},';::,:1� �
<br /> : :�• . `.. i';;-. - otfierwise modify amortization of the sums secured by this Securiry lnstrument by reason of any demand made by the � ;� ,.•-�;.°�,f•��
<br /> . j.� 1• �,,r� < ori nal Borrower or Borrawec's successors in inteces�t. Any forbeaTance by Lender in eaec�cising any right or remedy shall � . .,�.. �'''-'�'. �_ '��
<br /> �i - ' _. .ti:�: �s,.--
<br /> >:;:'.: ;..:;'�;;�: tf
<br /> '.�; � not be a waiver of or preciude the exercise of any right or remedy. �s�`.,;�'�':%�x�.,_
<br /> ,: ,���::�. , r� -�4.�- �
<br /> : • . . IZ. Saccessors aa��i�ss Bouad;Joint and SevePal LiabiUty;Co-Signees. The cavenants and agrcements of ;:����,,vt���;:�,��_.°�
<br /> � �' ' this Securiry Insuument sha�f.T�ia�:and benefit the successors and assi�ns of Lender and Borrowrr,subject to the prov����a ,S ,�:�r�,�' � =
<br /> � � of Pamgaph 9b.. B�ac�or�s cavenunts aad a�„reemcnts shull be joint asid several. My Borrower who co-sig�'�is � fs'� -
<br />�s;;'�; , .... Security Instrum�fiiu.?3ees�fat execute the'��r;�: (a)is co-signing this�arity lnstrument onJy to c�ortgage.grdt�t and , �,, . � +;��,''�.��s";,.�
<br /> �)��� %. :.. ! • . . �' ..I:. ,j, �-�r�_"-.
<br /> ,;:.� ' . ' � convey ihat Bc��v::s'i�terest in the Properry:�zder the terms of this Sc�:.a�s .,nstrument;(6)is not�Jy ob�igated to " ;;,a};ac��___
<br /> -{�'••. •� puy the sums se�,;r�6y this Security Instrument;and(c)agrees that�.'1�s a^_d any other Boaower�?;agree io.R�tend, • • :��y -
<br /> ! ,r���,,,� ; ,. �,� � , .�:.
<br /> ��ti�1;.f�-�.< modify,forbear ar make anp%3xommodations with regard to the temts ef�:�s�;tns�lnsr.vrrtent or 3t:.Note wuis�;u�that �"�1y
<br /> ti .} ,. �;q,�r.n�, : . .. ' .• . ' .. ., . ;�;<<ra�{(54 � ; ;�
<br /> ' , "��;<<;` Borrower'sco�^t. .
<br /> ,� � ��S �� 13. Nouae�. Any notice to Borrower�vided for in this Secu�t:.:t^.s�:-cr•te:�,s.::i�!se gitic�r��delivering it or by . -- ...'�''�':'
<br /> ��,t�`� .i� 4,,;i�,���i,� - . mailing it by��•t ctass mail untess appli��(e law requires use of:,.ncsu't�r methad. 'i'�e nouce s�FG be directed to the .
<br /> , r•,,.,,.'•:Z ,(, . . _
<br /> .•.:..,•,,t•.�,t c� ' � �c^�3erty Addr�s or any other.address Bor�awer designates by notice[r-�.crtder. Any norice to Le:,�sr shall be giveo by '_
<br /> erty '
<br /> ��'� �'t '�•" ���a'�{;.� � � li�t slass mail to Lender's.,xflxass stated herein or any��'n:ss Lender designates by notice to 8orrower. Any.norice � � ' ! ����•
<br /> . i:..��•�j,:��f>.,,,. . ,,..,���:.., .,. .
<br /> ;,�;s�;z=:.;. pn�vrs�ed for in this Security[n:�!rument shaU be deemed[�i;.a.r�e�een given to Borrower or Lender when given as�ns�rided . ;��4tj�� ,� •
<br /> '. ; ,., nr�T�s paragra�h. �' ,,4,,;�1 .. ,
<br /> -,,��t ` • 14. Gau�ing Law;Severabllity. TAis Securiry�c:.nvment shull be govcmed by Federal la�au and the law,of the r , ,.
<br /> ��"•a! � jurisdietion in•a�i�ich the Property is loca!af In the event that any provision or clause of this Sec�;ms�Inswment or the
<br /> �''�: ' Note conflica�aci:�appGcable law.sucH c�rafFict shall not affect other provisions of this Securiry ir:s�r�-ment or the Note • .' . •; � 'S: �� .
<br /> , 1;
<br /> i j: :.;�,�",�>`��, , • which can be given effect without the can(?��:ea:g provisien. To this end the provisions of this Seca:;T�7r.suument and the ,.,.;�i;.y,r�. ' ;;�:,';
<br /> ?t+��y'�� ' Note are declared to be several±le. ',.:.��i•°;'+�;r'; ' ,,:.
<br /> :;.;i;;.+;;.,t��:�.' , ,;�;.,;t.�..,
<br /> .,.. ;1.��� 15.Borrower's Copy. ff�arrc�+.�er shaG be given vne conformed wpy of this Secur,s y 6r.strumen� ;;�.{..�;;,.;:�.o-,�. • ,
<br />_ ��'±���� 16. Assi.�tent oY Rc�C:+ C$�Yrower e�r,:onditionally assigns and traasfers to Leit�.i��r all the rec:s and revezuc-�+�t.t:e ��:'�E� ` "
<br /> ).`���,._.��L�t � � ��� �'� �..
<br />- :; �i.''• PropeKy. Borraw,r authnrizes�ender or L�,i,�'s agents to collec�the n:r,rx r;nd rever;ces and here�sr�cL':r�ets each tenant of � • . _ •,.;,i;,:,•.:�
<br /> s,�:-• . the Property tm pay the rents to Leuder or G:rnder's agents. However,�ri,�r to L�;nc.`:r's notice to$cc�Ner of Borrowers ': , -' ,
<br /> �'� ' btesch of any covenant or ageement in the 5ecurity lnsta:ment.Borrowev;t�ilt eait�r.a�i receive at�r�:�ts and revenues af i` �`�"""���'
<br /> , . : ,.,,; ,.,,
<br /> 'r� ' ` tho Ptmperty as trustce for the benef►t of Lendcr and Bort,n4 er. This assi�nment of rer,r:s c�mstitutes an ubsolute as���:..ment � '' ��;,'�`�: . '
<br /> '.r' ,[.,,h � .: ; :�" ::: .
<br /> 'P-:�..,. ,. �.. ... . � ,.,
<br /> ; � :�• •� and not an essignment forctddidonul security only. ,a!��„r�:�. ,.;
<br /> > If Lender ves notice of breach to Borrower. (a)nJl rents rcceived by HorroaYr s1�r�(1 be held t;+.Horrower��u-��stee �'`;i�;i�;�i'�,�'•� •��,
<br /> . �\ `�':'•:'..._ $� y..�,:��� . .1
<br /> ��: t, � - . '- for berteFit of Lender only.to be app)ied to the sums secured by the Secnnty Instrumen*(b)Lca.d�:r shall 6e enatlyd to .�,�.•�;�;�.i,;;��+},; �''•� -•
<br /> collect and receive all of the rents of the Pro "�..u' 1';�:
<br /> ,.�� . perty;and(c)each tenant of tho Ptopeny sha11 pay all rt�s��due and unpaid to . �,..;jr�,;:;t,;�, _
<br /> •• Lendet or Lender's agent on Lender's written demand to tfie tenant. , � 4it��;)?;4`�;,,;.
<br /> •�'•. � .; :: ' • Borrower h�s not executed any prior assignment of the rent�and has not and will not perfann any act that woWd �< - ,
<br /> . •..<<�,yi�:.,,;; .
<br /> . .`k.Y: �.:':''`..��'� . prevent Lertder from eaercising iu rights under this Pamgraph 16. �.d:�{;;, .
<br /> ��, �.•' �� ' Lender shall nat be required to enter upan.take control of or maintain the Propeny before or after giving notice of • •
<br /> • � ''' � breach to Borrower. However.Lertder or a jndicially appointed teceiver may do xa at any time theie is a 6reach. My �
<br /> • „ � application of tents shall nat cure or waive uny default or invalidate any other right or remed�r af Lender. This assigaiment � . .
<br /> • �,:: �•� ;� of rents of the Ptopetry shall terminace when tho debt secured by the 5ecurity Instrument is pa�d in futl. ' :
<br /> ., •
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<br /> t . • . lpuge 3 rJ4 pagrsl . . .
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