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<br /> �*.-'� � .tt � �? A� w pa�t ct� �capc�y. ar a bme�trrt�Y tn ��u�t own�cg�oi put c�f tAe i�O�y. b so�! ar . ... ��.-� _
<br /> ��.�}.i��; �s ni3t�wtse transtmtd(ottter than by dcrise ot dtsce�by the Borraw�.�nd , s���`s,'�` :•,
<br /> - - �--� ' • (�i Tha Pragerlyt ts aot vccuAtod DY the puntuser or'gfantee ee his a h�pr�s�pal tesidence.cr the pnr�hueP or � � "�F.�C`. ""
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<br /> - -,�: �antes daes eo or�s7t�� �A�lf. but Ats ot'Ptar creffi! has nat b�n approvcd � sao�utce w8f� the' :. �^�;�
<br /> ti�,•-:�.� , �kements ot the S�tyr. , ' �� _T`�<�- - .
<br /> ,�w.��r' , (C) NO Wdv�l. ii�rc�unuUnas oeca�r thai wautd Recnit Land'r 4o roqttiro tmm�diate�aYm�►t in fl�. Eut Lerder � .
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<br /> ?�=_ -� � daes na4�e sush pay�enta.ler►der daea not w�ive[!s�ts wiit�res�aat to aubseqsent eYente. •� �L ;�?�
<br /> �� �•
<br /> `�:,�. (� 63��N(dloifs o! tfUD S��titary. �U} manY cUt4tmsErnca repuS�Gons tsstied by tha Secre�ttY w� Q�nb � � �+.�,�._
<br /> '-'�_'''�• � Le�de�'a dqhts, tn ffie case at payrttaM Qaht�t�.to teQuke Uraned�de paYrt►ent tn tuH�rtd t9redase H nct p3td..Thts ��
<br /> ...�..zt;: ='t'.:= 4 3`w�'
<br /> �� �:.=.. ; ;•. Seattiiy fna4umeAt dce�nat autttor(ze�er�Son ar toteetostue Ii nal psrp�itted by,�u.�tt' crts of 4he Secaetary►• . "�"'. �
<br /> -1Tn' i i;�1•+ :'.{• . . . . � ,r '
<br /> -���-`~��� � (a� Martg#go Not In�ur�d.Borrawer e�ees that sAau,'d t��cudtY Inattumsnt and ffie�Nate se�uted thueDy `:;c f°�.+
<br /> : � ��• rtot bs,eLg!bte�4cr Inauranae iutdee tha Nattaae!Housfig Act�9il di�s frot� t he d a te h e r e a l. •
<br /> ��r r-r_:, . 4md�.may,nt �op6on�att0 rtotw�Yata�G�ig�g�P�S��• fz� ���n tu� at e;}atm�s . �,.'=.r- �. ;,
<br /> �'`••'• •1sj� secured by thts Searrii7l Instrummt A m8ten stsiema�t o}��ty authorized agent of tha Seaetery d�ed subsequent t '• . �
<br /> .,,_.. ;. . , . �`. •.' i' ��.
<br /> - - - .' � ta 9Q davs ' � trom the dafe hereof. de�ntng Lo tns�m �hls 8e�ty► Instrument snd the tVote seeaued . �__�_,,,;
<br /> . :���J.1•=.�°�' th�ehy. ahaH tre deemsd e��sdve proof o! aud� t�glbUdy. Notwfthstand'ing the toregoing. th(s optlon may nat be ` ' '' ;-�_,,;:;
<br /> � . ' .. �:..
<br /> '�'b-�.'`��' -:E exerstaad by Lend�wlten tha wavai(aab�ty ot tnsuranca Is sotety d�ce to Lendda feHure to�emit e mortgage tnsurance � - .-. �-=;�-,`�'"
<br /> .�. , � ",�'�v%s�:-
<br />- ± � preRtIulfl Se�xalBly, � _ ''-.,,..
<br /> :.; W tl1e .-�*_.._..-t
<br /> "'' �' ;`���.,:. ' 10. Ratnstatam�aM..aortower has a rtght to he refnsteted tt Lender hss raquVed trmnedlate paym�►t fn PoD beeause ot ..:`:�
<br /> �.- ,�,`i'HF.:.vw..�_ :. .�, ', __-•��--
<br /> y"-:.:,;-- ' Borrowe�s taSNue to pay en arttmutt dua under the Note or this Seasc@yl tnsWment Thfs rfgM apAII�► e+'ren eftor fomdosura �._.__
<br /> �:, pmcee�ngs ara tnst�ted To �einstat�the Seaafy tnstrum�t Bartawer shffit teRder(n a tump sum e11 emourtts �equbed to �. --_�_�`=�=
<br /> . ° • . -- brfng Barrowe�'s eccaurtt rurtent (nduding. to the e�dstt tfiey ate ab4gaUotts of Botrower under th(s 3ecurtly fnstrumefit. 4.-r....•;,�""-__ --
<br /> - '� � foredosure coats and reasonabte end a�stomsry atfomeys' tees and expenses ProPatY assoctafed with the tor�csure � .r :�,c`R'"-_---
<br /> � : F_. ,•�;`. . _
<br /> pmceeBng.Upon retnstatement by Bortower.thfis Sew�ily tnstrument and the obitgatfons thet R seau�es shal!rema'n(n ef(ect es •f���—
<br /> _ . _ ' • ff ler►d�had not requlred tmme�ate Payment In tu!!.Howe�rer.Lender is not requGed W p�reinstffiemerrt if: Q)Leidas has � ' : -_ _ � =
<br /> . � acc�ied reins�n�t �aRer the cammencement of toredosure proceedings wilhin twa ywrs immediatety prcced.Rg the . -�,-.•-._?=�_�
<br /> .. ° . cammencentertt ct a ameM toredosure pmce�ing, p�rdnsiate»ent NnU prec(��foredosura an d�feterrt�ounds(n the E.�re. . • � r''.'.�;�==--
<br /> }. ' ; . —
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<br /> " or(��vr�adversdy afteei the P�''�Y at the Qe�c�ted by this Saca�ft�l tnsWmertt :<�._.._�;z_. - �
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<br /> , �. � •�. . 11. Borr�r Na!Re'e�sa�; Forbearance Let[der Not a Vii ia ver.6�ension at the time ofi payme��or-.-..... _ ._._._. � ..,:�,� '
<br /> °:,;:.� .. � , mo�°ca`•ian of amarfi�tlon of ths sums secined lsy thFa Sea.»y Ins�umecrt granted by Lender to anyr successor in trtterest of . •�� , r'—
<br /> :;#�- ' � '., Borr�+er shaD not aperate to refease the Bsblidy of the odginat Bomawer or BamawePa succassor in tnterest I.ee�der shatl not be . ' ;':�
<br /> - . '�' •.�.,r_�.�.. ;�,.� reqw=red to c:ammmce proceedings ageinst erry suceessor in 4ite�st or retUse to e�¢end ttme tor payment or oth�w[se maddy .. .--
<br /> .: •�. •�.:4 .,; � -. . _ _..._amnctlmtlon of the.sums secured 6y thts 3ecurfty (nshument by reasor!of atry demand rrmde 6y tha origtnal•�or►wver or _
<br /> . .
<br /> � • Borrawer's sueeessrna In interesl. My toibearance by lender tn ex�dsing etry dgM,or remedy sha0 not be a walver of or = � �' '�
<br /> . .: �`�., prec�ude the�cerdso of any►dght or rerr►edy. + �,";� .�
<br /> � +� � � 12. Succaasors and Asat Qo�u�; J9f�Y sutd Sevarai Uabii Co-Stgnera. The cov�anrs and . ', ;'�' ;
<br /> �''��`� "'r '' ' • a�eems�ts oi thts Secvufry tnstrumenlsfi�a0 bind and benefrt the suceesso�s end asstgns at Lender and Borrower.subject to the ' 'x'.^�.:
<br /> 'i `',��::,-, , ".�,:' :�• • - .. _ ���
<br /> _ , , . provlsiona-ot Para�ph 9b.Bormwe's covenants and a�ee�nents sha0 be Joint end severa}.My BOffOWN Wh0 C09I8f19 thl8 an��'
<br /> : =� � � ! � $ecurtry Instrument but da�ool mcearte tfie Kote: (a)ts co-si�Ing tfits Security tnahum�t ony to mortgage,�ant and wnvey � �`4
<br /> �:�;.��s�._.-• . thn Borrow�a tntaeet In the PropeRy wQer the terme af thls 3ecurriy Insrtumen� @) is not persona�y obDgated ta Day�he ���
<br /> • �_, �' %'� svms ceaurad by tAi� SecurHy Ins�um� end(o) a�eas thet Lender and azry other Borrower lnay agroe to e�dend. mad'i(y. . . }
<br /> . ` � ��
<br /> � `�;�"�;��_.==,�. . . torbeer or m�ke eny ac�ommad+ilone wftfi regard to the terma ot thts Securiry InsWment or the Note wfthout that Borrowet'a _. . _....__ � {��
<br /> ' ,. _ . . consart. • .
<br />� ' � , '� F
<br /> - �- 13. NattCO.My noUca to Bomower provtded for tn this Secuflty tnstru►n�t she0 be ghren by deRverfrt�J tt or by maitis�g B � .: .._�:��%
<br /> '` `� , by fuet e�ass ma0 unfess spyQcabte law requires use o1 another method TAe natice shaD be dtrected to tha Property Addresa or . ��:�'
<br /> •� Y�a'�''`..:;:... .;•�
<br /> � ����.*...:.�.. -
<br /> �'_ ;• �- ,,•; „ amr other addresa Bo�rower deslgnates by noflee to Lender. My noUee to Lender sdaU be given by fiust dass meEi to Lende�s _ ��'��
<br /> �'''r"'!�-�y-' aQdress sTated herefn ar arry addre9s lvrtdet desl�tates by noUce to Botrower My noUca provtded tor In this Securtty • �
<br /> , �.;Y"._•�•.. .. '� . � . .
<br /> '-�-''= ��-��� �''•'�� ' InsOument shaA bv deemed to h n v e been g Nen to Barrower or L e n der w hen g i ven as pm v l d e d t n t h i s p ar a g r a p h. • . -�
<br /> --- '��'-'Mi't•: •
<br /> � �,� 1�4. Guv�rning Law:�Ssver�btlity.This Securfty Instrument shall be govemed by Fede�af law and the law of the
<br />_ ,;.�� � ::_�. judsmctlon tn which the Property is locafed. tn the ev�t that any pmvislon or ctause ot thls 3ecu�ty Instrumxnt or tha Note _ ���; !• ,.
<br /> coM9cta witN appHwbla faw.sucb contlict sha8 not eft`ect other pravTgons of this Seoudty tnsUUment or the IJote which can be ��
<br /> � ��^ .♦ -,� gNen eftect wttflout the conftldfng proWsfon.To tfl(s end the provisions of thts Seeufiry lnstrument and the Note are deciareA to -� �•��� �'
<br /> ::��".•:'�. ' - ' ' .
<br /> • •; , �,,: be seva�i�
<br /> : . a.. ,
<br /> r . � � � f5.BOrrowYr's COpy.Bomawer sh:�be glven one contormed copy o!this Security Inawment � . �
<br /> a�r.; • , . � .
<br /> • _�;•• � 18.Al:Ig�lmfTlt of Re�ts.Bocrow�uncon�ttonapy assi�s and transfers to Lender ell the�ents and revenues ot the :
<br /> � Pre,^.eRy.Batrawer autt►or(zes Lender or Ler:der's agents w ccf!ect the rents end revenues and hereby directa eacb tenent ot the . �
<br /> •{ �;�., . . :� Ptoperly to pay the tents to Lender or lender's ager►ta. However, prtor to Lendef�no8ce to Borrower of Borrawet's breach of •
<br /> .` •z:-• ;. . ., any covenant or a�eement in the 8ecutUy Instrumen� Bortower shaD codect end recehre eD�ents and revenues of the Properiy I' ' .
<br /> �3::•.-`..="'�' e� Wstee t�r the bene6t af L�der and Bortower.7Afs assignmerrt ot centa constlhites en absolute asslgnment end not an . �
<br /> �.f:;:- , � assfgn�nent tor ad6lbnaf sea�riry oNy. .
<br /> ••'��"�'"''•�"•` ' H Lender grrea notice of breach to Borrower: {e)ell rente rsceived by Bortower shall he hetd by Borrower as trustee for �
<br />- '4^�-'.-..•:'/.....�a
<br /> •*�;•.:�'r•3;���'° benefftt of Lend�ony.to be epp8ed ta the sums secured by the Security(nsG�umer�(b)Lend�shaD be entitted to co�ecl and
<br />��'�.,,,.�4,;-.^' receNe aB of t�e nnb o1 the Property. end (e) each tenant o!the Propeity shell pay eD renta due and unpald to Lender or �
<br /> �'`��� L�dera egent on Lende�'e wrkt�f demsnd to the tenant.
<br /> �r_.�.-,r t.:�:�'t ,
<br />��C:'�a:v. �^�'�.. _ . .
<br /> �'��- �;�•:,••� �� Bomnwe►lu�s not exea�ted any pdor essi�mant cl ths rents and has not and wn�not pertortn eny act that woufd prevent �
<br /> "'_'A. .
<br /> -���,.: � .. , ..• L�d�trom mcerdstng fts dghte under this Pafa�aph 18. �
<br /> :�, ..� : -.t.
<br />:��•�,: ; .''��"'�'` Lenda►shN not be requked to enter upon,take co�rol 01 or meU�taln the,Properiyr before or a8er ghMg naUce o}breacA to . . .
<br />�-�="-�-•,'�' Bo�tnret.Howeud.Lafder or s(udiciaBy eppobnted rocelver msy do so aYarry time there is a breach.Arry appGcaUon of rente �
<br /> 3�'°`''�"` sha9 nol cure or wat+e eny defautt or Invdtdate any othrr right or remedy of Lend�.Thts essfgnment of rents oi the Property � .
<br /> --- ="-�.-�'°_"°,�4..'' sha�termhata when the deDt secured by tAe 8ecurity Inslrument Is paid N tuA. i .
<br />_,�__.:.�� � .�y 17.Foracta�ure Pracaduro. tf Lendor �aqulns tmmadirte paymsnt In fui! under Paragraph 9, f � ,
<br />�-��. .�} . . . Lend�v may Imak� tha powar ot safa and any other remedies psrmitted [�► aAplJcable Iaw (
<br /> , . I.pndor sfi�il b� oMitte� to coltact all expenssa tncuned in pursuing the remedies provided In
<br />��:_.�. ' � :. .t4ils puagrs,p� 1T, tncluding, 6ut not Iimked to, reasanable aitameys' fees and coste af tiUe �, `� .. • .
<br /> �� .;.�`,. . � .� evldanco. f
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<br /> _ . . .• FSB13.LtA0(4f94) Pago 3 of 4 � .
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