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<br /> 1� FAMILY R1D�R �,4��.�'a'0��,
<br /> (A�si�nmar�t of A��t�)
<br /> THi91�4 FAMILY IiIDER ls m�d�this�3rd d�y of ]�� and ia lncoryorated inta �nd sPMN 6�
<br /> dwrnrd to�m�nd�nd wpptan�ft th�Matgap�.OMd o! nut a S�ouriry DNd (the "8�curRY Inshummt°) of th� wn�d�t�qiwn by ths
<br /> und�oipned(th�'Bortow�r')to soaurn Baraw�r•a Not�to Th�Qw�l�nd N�llonal 6at�k ef t#ra�d Ida�d
<br /> (the 't.endar7 ot ihe eam� dats and covaln� the
<br /> pro�ty dpafb�d in th�9aurtty In�dummt and locat�d ax
<br /> 16-9�� Pfi�nix CewK/Clrct� �r�nd Island N�br��8�01 -
<br /> [ROperiy Addrt3aJ
<br /> 1-4 FAMI6Y COVENANT'8. In addition to ths coven�nta �nd apraementa mads In the Seeurfry insbument, Borrawe►and Lander
<br /> tuAher emrenant�nd apree�s IoNowa:
<br /> A. 11DDRIONAI. PRQPERIY SUBJ�CT TO THB SErURiTY INSTRUMENT.tn addkton to the Prapaty descdb�d In
<br /> tha Sawrtty tnshument, the toRowinp ftdne ere added to the Property desaiptEnn, end eheY alao aon�itute the Propsrly covered by the
<br /> gscu�ly��strumen� bupdirt,p mat�Mis,appN�ncea and gooda of erery naturo whataoare►naw or here�fta looated in,on,or uaad.ar intmded
<br /> to 6o uaed In oonn�ctloe with ths Propary.Inctudinp.but oot Ikdt�d to,those fo�the purpoaes of suppyhg or diatri6uUng heaUng,cooihp,
<br /> oMatrlcky. pae. water.a1r and Nght, 1ke prevendon�nd axtkipuiahh9 aPParetua� secudlY and aacesa conho!appuatua.Pwmbin9�bath tuba,
<br /> w�te► beatere, w�tar doseta, einke. wn�� etovea, refdgaatom, dbhweahr,ro, dispoaate, waehere,dryera, awninga, storm windowa, atorm
<br /> doora,scraa�a,bNnda,eh�des, artak�a and curUk► rods,etta�ohed mirrore,ubinets,PendYng and Mieched tloor covedngs now or heroaRer -
<br /> attached to the Propaty.al of wh�oh,indudinp ropiacements and addiNona theroto,ahaY be deemed to be and romaGi a part of the Proparty �''r•
<br /> covarod by the Sacurily Inetrumant. NI of the forepNng together �fRh the Propaly d�aibed tn ihe Securily InatrumeM (or the leasehold
<br /> esioto B tAa SecLitty fntst�snneat ia on a leneehotd)are rete�red to M thia 1�4 Funty Rider and the 9ewtrfry Inatrument aa the'Properiy'. ,
<br /> 8. U8E OF PROPERTY; COMPLIANCE VYITH lAW. 8orrower eheN not aedc,agree to or moke a ahange M the uae ot "�j°X
<br /> the Pro or its zonhQ daaaMation,unleaa lender haa agreed in wdtlng to the ahange. 8onower ehaN eompy wKh a9�aws,o�dinences, �,`.•5�
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<br /> ., regutaBona and requkeme�ta of any govemmentel body appAcnble to the Properly. ,,
<br /> '•` C. SU90RDINATE UENS. Except ae permNted by tnderal law,Borrower shaU not eitow any Ilen inferfor to the 3ecurily Inatrument ;r ;;;
<br /> ,+�-�..: ;��:�: e<' to be perfeated againat the Prope►ty wkhout Lender's prlor wdtten parmi�slon. �'''�
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<br /> :��;� D. R B N T I A S S I N S U R A N C E. Bomow e r s h a i l m a t r�U i n i n s u r a n c e a g a i n s l rent toas in addftlon to the other hazarda tor w c '
<br /> ,�: ineuranee!a requlrod by UnHorm Covenant S. ��� �'
<br /> ' ' ':'�!a�FJ;' E. "BOpROYYER'S RIQHT TO REINSYATE"DELETED. UnNo�m Covenant 18 ia ddertad. t..
<br /> ��4�'�,�a�v:?;:`„- R. 80RRO1NER'S OCCUPANCY. Unlesa Lender and Bocrower othenvise agree In wNting, the flrst scrtersce in Unitortn ��.,
<br /> `+.��.'�,- .•'- :•# Coven�nt 8 coneeming 8or►owx'a oewpancy at the Property Is deleted. Afl remaining covc��ents and apreemeMa set torth in UnHotm
<br /> ,�..;`•� �. . Covenent 8 sheN rert�sin in etteot.
<br /> � `� � �, p��(�y���AF �EA3LS. UQon Lender's requesR 8orrower shad assign to Lencler a0 leases of the Property and all *:
<br /> ` h' "``'��" secudry depoafte made In,aonnecdon wfth Ieaees of the Propeny. Upon the aaslgnment, Lender shaQ have the �ight to modi[y, extend or �;, ._
<br /> ��r•, y�`•.�',� ;;��,:• .• termMate the exisHng teasea and to execute new leases, in Lender's sala rAsaretbn. As used in thia peragrapb Ci,the M�ord•lease' shall ,�yt
<br /> �'��.''`"."''' ' ' man'subleaae'tf the 8ewdry lnatrument Is on a IeasehNd. �.���
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<br /> H. ASSIONMENT OF RENT8; Al�POIN1'MENT OF PIECENER; 1.8NDER IN POS8ESSION. eorrower absolutety ,,..,..
<br /> ����`� ��� '��`` ' and uncondiNonely ansigna and traneter.�to Lender all the rents and revenues('Rents`)of the Proparty,regeMleas of to whom the Rents oi
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<br /> 'ti,�:r. .r1, ',f: the ProptAy are payab►e. Bortower authotEtea Lender or Lender's agent$to coliect the Rents, and agrees that each teneM of the P�operry 't��
<br /> s�:t"-�*;�,`t`:��s-':,.;y.-•.
<br /> shefl pny the Rents to Lender or�ende�'s agenta. However. Barower sheti recelve the Rents untll (i� Lender has glven Bo�rower nottce ot
<br /> ����'��r'�°�`�. default pu�euant to paragreph 21 ot the 9ecurity Insbument end(if) Lender hes given noUce to the lenant(s)that the Rents ere to bo paid to _
<br /> '?'}`'°�;°'�" ��•~"��. Lender or Lenda'a ageM. Thia nastgnment of Re�a aonatkutes�n ebsolute esslgnment and not an assignment tor addidonal sewrily only.
<br /> �! °h ��'t ii Lender gNea notice of breaah to Borrower. p)dl Rents receNed by Bor►ower shall be held by 8orrower as Uuatee for the beneflt of " '
<br /> "�"�?��;''`,"'s'�'k`' Lender ony,to be npp8ed to the sums secured by the Seaurity Inshument; (N)Londer ehail be en�tled to aoilect and reeoNe aN oi the Rents
<br /> tt'`���� of the Propaty;piq Borrower agreea that eneh tenant ot the Properiy shad pay atl ReMs due and unpeld to Lender ar Lender's agents upon
<br /> �:i���.
<br /> ��s ` � lender'a written dc�nand to the tenaM; (Iv) uniesa eppAcable law prorides otbe�wise,all Renta colleded by Lender ar Lender's agents shal�be
<br /> • � • eppqed fGat to the eosts ot teldng co�troi ot and manag(ng the Property and coUectlng the Rents,Induding,but aot 1(mtted to,attomey's tees.
<br /> "�$!�t��"�'!""'"•" � receiver'e fees,premiums on readver's bonds, �air and maintenance coets,insuranae premiuma,texes,assessmeMs and other ehargea on
<br /> �'�+►!�!?'�^'"z, the Properiy, and then to the suma seatred by the Secu►ity InsUUmenF (v) Lender,Lender's agenta ar any judidally appointed receNer ehatl
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<br /> ; •;,a.;,.�+,�.�.. be Ilable to accouM tor only thoge Rents aelually reeeHed;and(viy Lender shatl be enHtled to have a recefirer appointed to take possession
<br /> �� "���`-�"�-`� ot and menage the Propaty and colieot the ReMs and proflta derNed irom the Propedy wfthout eny ehowing as to the inadequacy of the
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<br /> ..ti� ,�:.x:~ . : -� PtoPertY as seeurtty.
<br /> �::��:.•+�c".': ;, . If the Rents of the Property are not sutfldent to cover the costs ot teking control of and managing the Property and of colieadng the
<br /> ,.��'v�.;, ." ' RaMo any tunda e�ended by Lender for suah purposes ahatl beeome Indebtedness of BoROwer to Lender seeured by the 3ecurity
<br /> ' � :�' � inatrument pursuant to UnNorm Covenent 7.
<br /> Botrower represents end warraMo that Borrower has not ezecuted any pdar assignment of the Rents and has not ar�d wUI not pertom►
<br /> - ��' � . any aat that woutd prevent tender trom exerdatng fts rlghts under thls paragreph.
<br /> ' � Lender,or Lender's agenta or a judlataly appointed recetver,shatl not be required to enter upon, take controi of or malntain the Praperiy
<br /> beToro or after ghrtng aotice ot defautt to 8otrower. HoweveG Lander. or Lende�'s agenta or a judidalty appointed receHer,may do so at arry
<br /> �` Ume when a detautt ocaura. Any epPlioaUon of Rents shali not cure or walve any detauft or Irnaudate eny other dght or remedy ot Lender.
<br /> ,�,�o'•_�'',.;s, Thta nsatgnmerd of Rer�ta of the Property shatl terminate whon eli the suma secured by the Securlly Instrument are patd in tuil.
<br /> " 1. CRO�S-�E�AULT PROVISION. Bortower'a delaiott or breseh undor amr�ote or egreement in wh(ch Lender has an interest t
<br /> " shail ba e breach ueder tho Securlty InaUvment end Lender may invoke eny ot the remedies permkted by the 9eeurlty Instrument
<br /> ' � , 6Y JIdNINti BELOW,8orrower nccepts end agrees to the terms and provisiona coMained in thfs 1�4 Famiry Rider. ;
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<br /> °rr,yt• f`"�;�: eo�.owe► o L eShannon �
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<br /> :.:��r:' $�IHlOII R8y1C �C.�8nII0II
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<br /> �-'�.�, '' : ';"`'•�•� MULTFBTATE 1�t FMAtLY R�DER-Fannte Mae/Freddie Maa U�Horm instrument Form 3170 8/80
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