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<br /> � •.�a)Uetsult. l.cn�cr�y�ehce�t as iia�ited�sy rcgiila8ons"i s s u e�b i►�s 3�i�i f�.�ase a f pay�a�r t d e�'�s�,. .
<br /> = '` : :.:t�juifeiu�sied"iate yt'�itest��rt�1�o�'�!lsw�as��as�byaF�is�Seauity � i��*�+�� � � ' '
<br /> ----_--—= ` . (�.Ba�w2s��e f a u tts b y f a�!¢i ig to p� i o fl 1 I l any m u�t t�a ly Pa�me�t t r e q�a u e d b y.t h i s�S�s u r i t y[n s�s e u n c�i g s i l a�° _ �_ ---
<br /> �� � ,,
<br /> -------_- � ta or.an th�due dant of the seeitt�o�+g�yrrwua,ar . . ' ----
<br /> = -= Cri)Bnrm�rer defu�tts fsy f�i�for a�r i a�a�t�y d ay�,to pe�fasm any o i h�r�b U g a t i o�C�a:��n t�i s��� � ".�; _
<br /> � . s�q�,.y r�.... . ., . . , . . : :. _ -- - -
<br /> = _°s (b)SaI��thout Cr�i ApgmvaL I.e�er sball,if P���Y.?PP�ca61e faar und wit�3't3s��SSia3r ap�+zoval of e�t�;;, y
<br /> _- -*�, . S�et�ay.re9ui�tmm$diate pay�-.ax in fuU of a21 the eamasecw�e4 6y tfvs Ses�eeity�cisd,�nasnt i� � . �is sa�+d a�r,�:�
<br /> - t�AfA or p�t of th� p�tty.ar a b�n e S c i a 1 iate f�'vr,�rca�t ovming a 1 1 az p a"t��a f�[he�t a�r t y '
<br /> �"tl`s == olitttarise tzaavfemed(a�3herr- th2m isy d�vise or d�eeat3 i�lt�e Batrower,aas! • ___-_-
<br /> -------= (ii)'i�s Pmpem�is nos aaa�isd by tt�puichaser dr gransee as his or ker psiaciga�residence.os 1�te p�r, �
<br /> -_--- -- � .ar gnaatee does sfl a�cupy.tho Pm�peitSr buE lus ar.her a�dit has aot been ag,Qmved in acoorda�qe ° ,
<br /> — = wishthe�quirem�ntsof theSeccetary.
<br /> � -- (e)No�'Vaivec Urcirca�staowes oa�sr�at wontd penntE�er to teq�re iramec�sDe:g�yr.aeat in fi�U.trut Leadet .
<br /> -- .�.;;� ' do�not c�egui�s�ch�g�yns�ts.Ler�er does not�siveiu iights wrth res�e�w su3��q+�sateve.n�. ,
<br /> �:��--...��=:� �d)I�guW�fans a8�ATID Sec�mry.�i m�aycaanmstances cegula�ians�ssaed Dq"ttae Stib�ary w�l limi�I.eader9'�.: ,.
<br /> Aghis, in the case aS payment defaults.to�mre immediate Pal►mer��in fflll and foreclase if not•paid.. 77us
<br /> _,:A,�_w�-�-�- _�� 8eraaity Tasttumeru does not a�uhm�i�aa�Ieranon or forectusme if nat�tiy regntavioris o�ttte 5ecretary, . •
<br /> _A..�iFj��e-'.-_.�`�� ' (e)Illtartgage.�'Ot YnsulcQ. Bomawer agaBCS tl�M shflvW lmtis Sepc[lry Inshttntent and t$e nofe secuaed t4leceby uat ' .
<br /> b.�.,�s"+�;� 1�.digs"6Ie for i�ttauce tmdei the I�afiozr�l Haaqing Act�vithim $ ffioath� �� .
<br /> �z�s • dao0 tt�o�Leader may.at its option aud norivithstandinffi�Y�S ia Paragaph 9.requi�imsaediate'paJtmen=m• ---
<br /> ="'=-•'=``� � fuU of a}l sums secviced 6 tLis S I�sd�iusen� A writtea st��P^' .
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<br /> ��'':� '��i,._�•��"' '•.............. .. ... .�ated.subs�queui tn'-.... .-g IDODtDB- ----. . .•.--- _ from t1���itereof�Iiniqg Lo insu�itiis S�curIiy�--- - - ----
<br /> � � .j��1"'�f{`� ' �nt and We note sec�red tt�3ry,sti�l!�e deemed c�clasive proof of sucb inefig�bitity. t�a�wjt�st�ding � ' ---
<br /> - }��r.-'F.� J. . •
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<br /> 3,.��'��;�'�:�f.�;' • the fosegoiag,tlus option may,�n�be exeaci�ed by Ixad�s ahen the nnavaitab�ity of Insntattce is solely dae W _
<br /> �`r'" "�`.`"'' L�der�failuu+e w tpaoit a mt�stgage u�smartce premitim to tiee Sea�etary.
<br /> �•�r.y i{k��Q�4emenL Bor�awer ftas a ngitt tu be�einstated if L.e�der has tequimd'uumediate payment in full bec�use .
<br /> ��;;s-��:,=:••.: ,. :.�� , of Bo�rower�fail�sie to�pay ait at�ount due uader the Note or this Security Instrameni: 9Uis nght ap�lms even ai4er �•_
<br /> ��� .�;� �� , fo�recTos�e.groceed�gs.aro insdtated. To�:�, arP the Security Insbmment,.8oa+nwer shaU teader in a iump sum all �
<br /> ,,,,y��;,.•:;:�.�•'� , . amon�is.�qnu�d t�bring BaQmwec�s accoimi carne�inctuding,to;�he extent they a�obfi�ati�as of$onower�der this �•-
<br /> �� -.. :�'' �;' Se�utity La:s�t,fm�eclos�ue oasts aad n�asonab2e and cuswmaiq a�wmeys'fees aad eapens�s piupedy associated wltD ;
<br /> �f,t s ��•� � the fa�ii�ut$piaceedin& iTpon rel��temeat by Bomower,tt�;��uitY Iasaumc.mt and dite;gbligadons that it secours:�;:
<br /> `tt'�.��`' �,��; sha11 iet�ain in effect as if I.eader ha�'qo't reqirim,cb m�mediate payc�ent in full. �lowever,Le.a�r'�aot requi�ed w ge�,' .
<br />-;';':'�, ,.;� ,� ' � ., �t if: (�l.ender has accepted reitutat�m�t after the commencement of foreclo,sure pmceed�ngs.•Euithin two::. � 1 ,, _
<br /> :-,;�;;.1.,, • • '.;�., .Y�s immediately preceding the cam�encerrr��sf.'�cur�ent forectosur�proceeding. (u7 reinstat�mens w�[preciude '� ��f:�
<br /> � " _r, '�l'` foiecla�ae on different grounds in the��:��ui�neinstatemrnt will adversely affecc the primity of the lien steated by
<br /> {r . .
<br /> ,. �,�t:;' thisSecurityinswment, . ,'.: :• . � �: �� .,+;' �"
<br /> " `'':�<< 1!. Bosrnwet Nai Re�eased;Pa�searaace by Lenaler Noi a Waivea F.�ttension of th� time.of payment or '
<br /> ,.•�: ,.;..., _
<br /> ., ,.: •,2. modification of amorrization of the sums secured by this Secunty Insawnent granted by Lender to any successor m mtez+est ""��:�r.;� •.
<br /> of Borrower shall not operate to retease the liabil"sty of the original Bonrnver ar Bormwer's successor ui intecest. Lender ?� •.;,•;y1, '�
<br /> "- .�` �l.,`.. :. s h a ll noi b e�u i r e d to commence P r a G e e d ings a�saa�st any successor in interest:ur refuse to eate�ad time for pa t or '' :`:�,�_: - r
<br />-�,;sa;�e;';�,�.-�' . ' otherarise mad�fy amartizadon of the sums sea�3 i�yz this Serurity Insuumeat t�y ceason of any demand e by the � ".`•�` -
<br /> ;;;�,J.��., .,,, • =-
<br /> ;;"s.,.:�•�,r�t'_.• original Borrawer or Borrower's successois in inte.�. My forbearance by Lertc�cia exercising any rfght or remedy shaU-. . �. ,..,� ����-
<br /> 'c,''-�.;��'', :`"� �be a cF�ii W�s of or prectude the exercise of any ri��or re�nedy. ';'• �n`;--�.
<br /> � ` ' �- l2. Susocessare and Ass�gns Bo�;Jaint as+�8 Several l.iability;Co-Sa�2rs. 'I�iYSVenants and ag[eemerits�'.�: � ;' _ ----
<br /> j ' � - this Security Instrnment shal!bind and benefit tl�qrc:�sors and assigns of Lens�a-��Bom9wer,subject to We pmxisiaas � ;? "�'°!-
<br /> K.�r,f� '..� . ..�: of Paragtaph 9.b. Borrower's covenants an��r�ts shall be joint and s�;�.• Aay Barrower who cwsfi,gns tlus�. .��., _ _-
<br /> `�i",.:�','' ` ••�;� Sec�uity Instrument but dces not execute the 1\0�;.x,�:}is c�-signing this Securi#�;fr���Z anly w mortgage:�tz►u a.�3. ::{,,.``�3::
<br /> � �`��" ���`convey that Borrower�interest in the Ptoperty under tfte tenns of th�s Security Insuorinent;(fii j,i:s.rot personaUy'obligatedt rni;�. ' '• �•••-
<br /> . ,• ,. . : .',•�;=°:���.••-
<br /> �"'^'�', ' a the sums secumA b this Securi Jnstrument;and(c)agre�s that Lender and an athei�l�crnswer ma to eatevd;:�; �.
<br />- . .. . �;. P Y, Y tY Y Y�e, i:;:::.: .:" ��{'�'-
<br /> • ::�%�� mod�fy.forbear or make uny accomm,�dations with regard to the terms of this Secunry Insm�me�st or the I�Tote anthout th�i':.:�_. •'-��-j�:
<br /> �;�': . : , ,. •� �...-:
<br /> - Bormwer�s consent. . �-'°-�`� 7'�`"----
<br /> , � . " 13. NotFces. Any notice to Borrower providea for in this Security Instnunent shall be given by delivecing it or hy • ,��� ��'`�'.
<br /> :�~:�E�. ' ` ' mailing it by first class mail unless applicable law requires use of another methad. 7�te notice sha11 be directed to the � , .•..•,„,.i�
<br />� v„ . . .�. . 'sII'i,'.•
<br />.;�:��':'. ;:• '•. ., �. Property Address or any other address Borrower designates by roa.�ice to Lender. Any notice,Qn Lender shaU ise given by�:., � �•,.
<br /> ;: :;r���v,4j�t� :-�
<br /> • ;.�. .� first cla�s mail to Lender�a address stated herein or any addr�s.��der designates by ncu;�eo Bwmwe�: .�ny notice.. ,_ :, ,�j�,;�y,,_„
<br /> , - �rnvid�3 fos in this Security Instru�nent shall be deemed to have��iven to Borrower or!.c-rrr3�when given as pmvided.•. • ��
<br /> �. ' - , m tlus p`.x�raph. . � .
<br /> � ..,
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<br /> ' �. '' � .. Gove a ;Severa6ili 'f7�is S ' ]nstrument shaii be govemed by Fecterallaw and the taw of the
<br /> 14. ming L w ty. �unty
<br /> i ..' ' ., . ' •, • ' jurisdiction in which the Property is located. ln tI�r.6v�.�t that any provision or clause of this Security Insimment or the . ��
<br />� � ` �I � , . Note conflicts with applicabte law.such conflict sT�;l:i�tot affect other provisions of this Securiry Instrumc:nt qa the Note.. ' �^ .
<br />'` � .::,�f�?�• wfuch can be given effect withoat tRe cantlicting pmvision. To this ead the provisions of this S�cariry Insttwrtent and Q�e' :� ` �`���;2;j;,�,.
<br />" ��,.' . j��?D Note are declaied to 6e severable. . .�;`+,�+.;r
<br /> ;• �,.y� �
<br />±�_ . � ��r:�;��)� 15. Barrower's Copy. Borrower sha3f 6e�i'���i�ne conformed copy of this 5ecuriry(nswmenL ; ' � �
<br /> x: ' 16. Assigomeaf a!Rents. Bonower uacar,,�uaa�s�3Jy assip�s and transfers co Lender a]!the rents and revenues of the �,'� �
<br />'� � Ptoperty. Bormwer autsorizes l.ender or Lender's�a�;+�srs to collect the rents and revenues and hereby directs each tenant of
<br />_ • . ' the Pnopeity to pay the rents to Lender os Lenr}'er'�.��+:nts. However.prior to Lender�s notice to Borrower of Botrower's,.' � .�`'�
<br />� • ' breach of Eny covenant or agreement in tb��wiY�±.t�tswment,$ainwer shall collect and neceive all rents and revenues of�' . ,
<br /> u� , .:,. ' the Properry as austee for the bene6t of Le�+ep a.ad Borrower. Ttris.lissignra�ent of rents constite�tes an absolute sissignm¢nr � : _
<br />- `4� • and not arr c�ssignment for addiuon�t security only. . . . , '
<br /> s ., if I.ender gives nodce of brnach to�orrower. (a)all nents mceived by Borrower shal!6e held by Botrower as trustee
<br />•���••�'� � for 6enefit of Lender onty.to be applied to the sutns secured by the Security Instnuttent;(b)Lertder shall be en6ded to
<br />�``,'. , �.•;,�:, perty;and(c)eacfi tenant of the Nvperty shal!pay ali rents due and unpaid to
<br /> , ..,� •,. collect aad receive alt qf the rents of the Pro .. ,
<br />�i�' . Leader or l.ender's agent on Lender's written Qemand to the tenant. .
<br />_ . Borrawer has not executed any prior assignment of the rents artd has not and wilf aot pedmm any act that woWd
<br />� ' . . - prevertt L'eader from exercisutg its nghts unde�r this P.uagraph 16. • � .. . . .
<br /> Lender shall not be requiied to enter upon.take wnmol of or maintauf the Property 6efore or after giving notice ot � .
<br />��` .� ' � tireacD to Borcower. However.LenQer or a iud�c►ally appointeA receiver may do so at any time theoe is a bmacfi. My
<br />�� �� ••: ' �, a,pplicatirnr of rents shall aot cure or waive eny defauIt or�nvalidate any other right or remedy of Lender. This assignment • ' � • •
<br />�;; , ' of rents.of the Ptoperty sfiall terminate when the debt secure�f by the Security lnstrumem is paid m full. :
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