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<br /> • � All a pwt of tM �»p�tY: ;r a.br�ddd M�wt (n w kwt ownfn� � ar p�rt d th� Pno��My. i� �old a :
<br /> athwwlse flanate�ed(other than by davls�or dew�nt)by the Borrowe►,+uid
<br /> (Ip Tha P�opwty��not ncapl�d by th�p�xchwaer or ynuitN�e hi�a h�r prkidp�i tKldmrae,ar tb�pwr�l�wr a
<br /> yrantN does �n or,eupy th! f'rop�tty. but hla or h� cr�dN h�� oot •btYn +ip�►rovad (n �ccr�rd�rtu +xith the
<br /> nqukKrnr+ts ot tA�3�art�ry. ,.
<br /> (��No W�v��c�a�»�l.�neK doN na wrv�I�iiphts�wkh tiNp�iotin w��t���t h tu�l. but lwi.�r
<br /> (d) Rsgui�tto�� aQ HUD S�Cr�toty. In mu►y ckamst�ncN n�pui�tlons I�w�d by th� S�a�Giry w� Nn9t
<br /> L�nd�r's AphU. in th�cas�01 payrn�nt d�laulb►�to t�quka Nimd�t�payrnu�Q in NN rnd fatakt�M eut prd.'i Mt
<br /> 8xurlty Inttium�t►t do�s not authals�accelKaHon a tondotur�M eat p�rmkt�d Dy►quMNbna of th�B�a�Y.
<br /> (�) Mprtgp� Not 111sur�d'. Bortqw�r agnes that abodd !hh 8�aitty In�Aummt and th� ��ota s�x�d thuwby
<br /> not bt eipibi�iw hauranc� und�r fh�t�tlon�Hou�tnp 11ct wNhin�0 dlnta 1�vn+ th� drv n�ol,
<br /> 4end�r mry�Rt Its optlon and notwithatandinp mythln0 in Wi►s�Ph 9� ++�quir�Grrn�dl�t�p�ymaM tn WN ot dl wnN
<br /> eecured by thia Secuttty Inatrument. A writtten ttwt«nwtt of my�uthafz�d MpK►t of ih�3��taty d�t�d w6spu�nl
<br /> to$Q�,� Mom tha dah heraof, d�inp to inEur+lh{s S�ourlfy Inttrurt�.ant and ths Noto eaaered
<br /> thereby, ehM be deemed eonotusNo proof of auch hell�fbiRy. Notwithatandnp the for�yohD,this aptlon m�y not b�
<br /> exerdaed by Lend�r when the unavail�bfNty of Inaurmce is sa�sly due to Lendw's t�Nun to ron�t-�maty�� insur�tioe
<br /> premkcm to the Sea�yr.
<br /> ''�` 10. Rtlnstat�msltt. Boerowa has a dght to be�einsU�ted tf Lendar Ms roqulrod(mmedkte payma►t in 1uN b�puse of
<br /> ' 4'•
<br /> Bort�wer'e hlure to pay �n amount due undar the Note a thts Sacurtty InsdumenL Thta ripht� arn aftar taedosun
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<br /> .�, ��r, Procesdtnga are heUtuted.To rohatate the SecurMy Inatrument, Borrower ehal tender In �lump sum d anwunts nquM'rd to
<br /> :�u��•:�+ bdng Borrowa's account current induding, to the extent they aro obiigatEom� ot Borcower u+ide� thia S�cudty tncLvns�t,
<br /> " � `°" toreeloauro wsta and :e�aonable and cuatom�ry �ttomeys' faes �n�i expenaes ptoperty aaaodated wNh ths fornobs�n
<br /> f����i
<br /> ;,':: :.' proceeding. Upon rolnatatement by Borrower.tlsis Secutiry lnatruinmt md ihe �bNgntio, a that it aecurea ahY rerrwk�h adact�a
<br /> �F��.:;�.� H Lender had �ot requMred Imme�ate PaYment In tu8. However. Lenda ts not roqulrod to pem�it rdnafatement N: (il Lander hu
<br /> . accepted retnatatement aRer the commencement of tor�odoauro proeeedN�pa wilhin two ye�ra kn�nedi�tah� P��O •�+�
<br /> " .'�._ �h t ti��`` commertcdnent ol a atm9nt toreotosuro proeeedJng, (i�reinst4temertt wiU precWde foredaaun on diftaront grounds in the hRUro,
<br /> ,. .. , .,.,k,�e. or(IN)rdnstntemant wiN adrarsety atteat t1►e pdority of the Qen creeted by thts Secuttty InatrumeM. .
<br /> � ����: 11.Borrowar Not�idsas�d; Fo�br�rancs By L.�nd�r Not• Waiwr. Extenaton ot tne ume ot w►ynNnt a .
<br /> , . � °. modiflcatlon of amoRlraflon of lhe suma secured by thls�ecurity Inshument grantcd by Lender to any suecessar in fittwest ot
<br /> . Bonower ahetl �ot operate to release the Iiab(Iily of the or)ginal Borrower or Borrowera 6UCCE9801 kl(fltlfQ31.L6IIdeI 6I7WI flOt b!
<br /> �� raqufred to commenee proceedings againet any successor In Interesl or tefuse to extend tlma tor paymeM or othen�ise ntoeWy
<br /> a
<br /> amordzation of the sums seaurad by this 3ecutily Inatrument by reason of any demmd made by the odginaf Bortawer a
<br /> , , " . Borrower'e sueceasora In intereat Any torbeeranee by Lender in exerdaing any dght or rdnedy sheA rtot be a wWer ot a
<br /> .. predude the euerdsa of any dght or remedy. •
<br /> �� � 12. Sucwswrs �nd Assign� Bound; Joir�t and Sev�ra! Uability; Co-8lgnsrs. The eovenanta ana
<br /> " � agreanents ot this Secudty t�strument shail bind and benefft tha euceeasots end assigns ot Lender and Bartowar,aubject to the
<br /> • " provlsEons ot Paragraph 9b. 8ortower's covenarrta and ag�eementa shali be Jobrt nnd several. My Bortawer who a�-signs thW
<br /> � 3ecurtty InstrumeM but does not execute the Note: (e)ia co-signing this 8ecurfly Instrument ony to mortgage, qrant and eonvey
<br /> that Bortower's interast U 4he Propexly under the temis of this 3ecurity Instrumer� (b)ls not personatly obligdted to pay the
<br /> � • sums eecund hy this Sew�fty Inetrument; and (o) agrees that Lender and any othet Bortower may agroe to e�dend, modNy,
<br /> torbear or make any aeeommodationa with regard to the terms of thls 3ewtlry Instruument or the Note without that 8ortowds
<br /> • ,. • consent
<br /> • '�� ' 13. Notiee.My notice to Bortower provided tor�n this Security IneUument shaA be glven by dolNering(t or by meilfng It
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<br /> by ftrst class me�unless applicab�e law requires use of another method.The nMiee shaq be di►ected to the Property Addroas or
<br /> < eny other addreas 8otrower designates by nottce to Lender.My notice to Lender shail be given by ftrat class maA to Lendde
<br /> '� :!1�;•. , address stated herein or any address Lender designates by notice to Borrower. My noUcn provided tor in thts 3ecurl�l
<br /> � lnstrument ehatl be deemed to have been given to Borrower or Lender when gNen sa provtded in this paritgraph.
<br /> � 14. Qoverntng I.aw; Severab111ty. Thia SecurUy instrument ahalt be govemed by fedorai taw end the iaw of the
<br /> .:._, Judsdicdon in which the PropeAy is tocated. In the event that any provlaton or eiause of thEs Secudty instrument or the Note
<br /> confliots with applicabie taw, suoh confliot shalt not affect Wher provisions ot this Seeuriry tnstrument or the Note which can De ' -,t`
<br /> j , given etteot wfthout the conflicNng provision.To this end the provisions of this Security Instrument and the Note are deelared to y
<br /> be eeverebie. •
<br /> � 15.Borrower's Copy.Borrower shai�be given one confomied copy of thls Sew►iry�nst�ament.
<br /> •- 16.Aasignment of Reete.Borrower uncondidonelty asalgns and trenstera to Lender ali the renta and revenues of the
<br /> � Prope�ty.Bonowc�autho�es Lender or Lender's agenta to cotlect the rents and revenues and hereby directa eaah tenant of the
<br /> Properiy to pay the�enta to Lendor or Lender's agenta. However, prior to Lender's�otice to Borrower ot Borrower's breaah of
<br /> " any covenant or agreement In the�ecurtty instrument, Borrower shau coUect end recebe aN rente end revenues of the PropeAy
<br /> ` � as trustee for the benefit nt Lendet and Borrower. Thls esalgnment of renta conatFtutes an absolute assignment and not en
<br /> asolgnment for edt8donet securtty onty.
<br /> if Lender gNes noUce oi breach to Borrower: (a)a�l rents reeeNed by Bor►owe�shall be hetd by 8arrower as trustee kr
<br /> beneflt of Lender onty, to be applied to the sums secured by the 3ecurity Inshument: (b) Lendet sheA be entRled to coUect and
<br /> receNe aU ot the rents of the Property; and (o) each tenent of the Properly sheA pay all rents due and unpatd to lender or
<br /> �• lendc�'e agent on Lendor's wdtten demand to the tenant
<br /> , Bortower has not executed any pdor asstgnment ot the rents and hes not and wiN not peKorm any act that wouid prevent
<br /> ' lender trom exercising ka dghts under this Paregraph 18.
<br /> a i Lender ahet not be required to enter upon,take contrd of or malntain the Property befae or aRer gbing notlee of breach to
<br /> gorrower. Hnwever. Lender or a Iudidaih►aoaointed receiver maY do so at eny tlme thern Is a breach. My appileatlon of rents
<br /> � shatl not cure or waNe any delauft or inva�idate any other dght or remedy o}Lender.This assignment ot rents ot the Prop¢dy �
<br /> , shell tsnnlnate when the debt seared by the 3ecurity Instrument is patd In tup.
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<br /> 17. Poraolosure P�ocedure. It Lender requires immediate payment In tull under Paragroph 9, I
<br />_ ' LAnder may invoke ifie poxrer of sale and any other eemodiea pe�mitted by appitcable law. �
<br /> �� Lender ahali be oMkted to collect ali expenses incurred te pursuing the remedies provided In �
<br /> � this paragraph 17. tacluding, but not Iimited to. r�asonabie attomeys' fee� and costs of tkle �
<br /> ,� , evidence.
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<br /> I' , F5813.1M0(4I9A1 Pag�.3 Of 4
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