|
, l'' . 1'�,� hs .j. r_^c.T-+«n � _�1�,���.:�S�S/.!S:tKrk .��, �__ -_-_------____
<br /> - - �^S':�"4���3a tiy${�-cs.�_ _3�?��°�°==�
<br /> R1-c�sa-''�i'—-'��7Nf/e"",� _ — - ._. .___-__ . ___ —_ _.___-_—__-
<br /> . . -_ __-'--- ---�„p . ._ _- _-____� .-__.. _ _ .- ... � '._ '.__ . _ . ,
<br /> � �� .. ' . � . . � ��-R����1. _ .� 9.a� �1���`�!5 =--=--
<br /> ... . . , �. ►�9�� � , , , . . ------
<br /> �� � � ,���s.w�ieh e�g rcfcaes�to im �.�r change th�maouut af sa�h payr�eais. AnY exixss prac�s u��an . --9 - _
<br /> , ,asaattn3 r�q+li�s1 to pay a3l ai:istar�dinE�t�sr�ss emdrt�e lYate oa�II th��e�nriry lnstrtnaent sh�Ii be paid tc ttr�ea�:y
<br /> � �agall emntItal eh�to. ` ' ' ` , . , ,
<br /> � , � �.Ixnde:m�y oo�Sc�f�es aad c4mrges ,t ' d h�ttse Seccezat5►• . —._.-----
<br /> � ` 4� Cra�nd�fiar Accek�st�n ot[h�t., ,
<br /> n
<br /> ' (s)'�ePanI4. l.cndcr inay.excc��itsnited 6y ceguIatinns�by the Sec�eta�y in the ca4e of p'symeut defat�lts.
<br /> . rzquirP iusm�dia� u�t'all of ull smns sec�ed lsy t1�is Secunry 1nst�mc�if: . - _--�-.______—_.
<br /> ,. �GD Bar�av:cr cfaults by ft�,tiing to pay in Poll any Qnonth3Y P�Y��n4�by this Sesu,tity Ynsut�ffteat pziap �
<br /> � co ar on tfe dnc d�te af t�►e aext ic�ly payment.o� -
<br /> , . t�p)Sorcozc�by fs�ic►�,fafi a percod of thitty days.to�esfann any ath�obPisatians canraF.a.�in this • �` ----
<br /> � (D)Stie Without Ce*edit Approval. t.ea4er s6ai1.if pemiued hl►nppiic�e lacv aad with tt�Priaz agpmvai of ehe , F;��.�-_-- °=--
<br />" • St�r�iaty,t+z4uite istimtldi��aymetu in full of ali tlte surns atc�ued by tTt6s S�c�tY Inm�meau i� ___-=.__._ -
<br /> , , - (7 All ar p�af,Aha;fiYa�r u berzefic€al intecest in st trus�owni.�g alt�of patt of the Prnp�ty.is so2d� �-_:_-. --
<br /> aUiaivis�ua�uuf�ns�L(atEer by devise or descens)6y tlte Bor�oaer.��d� . ----_ _—
<br /> (ei}'IHe Amp�,t i5 no2 oecapied tiY tht parct�aser ar SYani�as his ar @er piineipal ce3I8�as the pa� �_�_
<br /> • a r�g i s n t e e d o z s s o o c�g y t�te P c a p�rt y fsut Gis or her c�t 6as cwt baa app?�oved in amotd�ce __--- _ _.--
<br /> " wiih tts�ceqa��neats of the Se�aetary. — �.- �v�
<br /> �a
<br /> {ej 1��iVaivtr. Hciaarmspnc�s acc�t�i woutd pamit l.eadee to requue immedi3ie payntent in fu11,�aF l.ead�n —
<br /> daes n.oi ceqtuie sucts aymeats.L.e�der d�s aot waiv�its dght�wvith�t w subsequeat eveats. � �-e-, . ._�_.�_.--=
<br /> ' ��i!g�y��jp S�p. In mauY eacumn�taces iegudarions�ssued Isy tlie Secretaty w�l tunit�at� _�^—_-
<br />- � the rase of � ens defanits.to �tmediate paYmet►t ia fnll and forectose if not g�a��T�is .;.a,�_
<br />- ai�ita:ln ra P l� � [��-_--_---
<br /> 'n
<br />- Sets�Inswment d�es not awha�ize acoeteratcon or foiec2asar�if not pe�mitted by�e�latinns of the 5uretaiyr. ,� _:AT =
<br />_ ' (e)Mortg�e Nat Insoi�. Barmwer agrees that shauld this Secui�t5+Instr�l snsl the note secared thezeh3►aat �,�a�:°_—
<br />-��' � fmm ttte
<br />- , be eiigi�2e far�ce u�cd� t�e 1ls3lostai Honsing i�*_withi� g �4� �-��-�--._
<br /> in 9. immcdiate p'aymeat in ���"'�_�
<br /> , date hereo�l.Qader may.at its optinn aad nonvithstandmg anY�g Faragrapb �eci�ue
<br /> fu11 af a�sams secmced by this Seauity Insuam�x A cvriuea statement ef aay authoriud agem of th�S�azy �..�;x T_:-:-rv�--�,
<br /> dateQ suissequeltt to 8 frosn the da�iteteof,declining to insme t�is SeCUrity L -'?'!- °
<br /> Insurmcaut aad t�e note sec��t c�y,shalt be deezned conctusive pmof of sach inelig�nlity:'Natwithstaa�ng �;�':`;��;s�
<br /> • the foregoing.this o�tissn may aot be exe�ised by Lender when the unavailab�ity af�ce is sfliety da�e to . �.�g ,`__
<br /> ��,:�'.-x�
<br /> L2a�er's fai2�e w�nut a aaortgage insu.-ance preTnium to the Secretazy. ; :��'.y
<br /> ' 10 S�stabemenL.Bamnwer has a right W be reinstared'af I.ea�der has nquimd.im i�te payu{e�t II��tl bc,C�se `�•..'
<br /> of Bmrowcr'��ailure to pay� ama�t due uader the•Note or this Security Inswmem. lhis nEUt apphes even a�ter � �,�;-
<br /> fm�eclas��ings -",+.'±.
<br /> a� mstin�ed. Tb reinstaie the Sec�uity Insuumeat. Borrower shall tend� w a h�mp sum all � ��i
<br /> . . amownts ta�ta•bria8 Haaower�s account cunent inciuding,to the exterct thsy are obli�atioas af Borroarer Qnder this �:_r
<br /> Ses�rity Ias�t,for�rlvs�costs and reasonable siud cusnamazy attomeys'fers and e�cpeases propuIy assaciated with ' : -L �
<br /> cus a
<br /> ti�fo�clas�e pruce�din�, llpon reinstatement Iry Bmrawer.tbis Seamty t�rn,�.nr an�the abligatians tbat it seruces , •�`'-�s
<br /> �ati repnain in effect as if E.r�dea had aot mquited'wmediate Qayment i'n fiil3. Liaizever,l.eader is not�eqaiied w peimit �;�!�'_?,.
<br /> aeQUtaremeat i� (i)Lender has accepted reinstaoement after th�rummencement of forectosvne procced'm�s wishin taro .'a:.-�
<br />- Y� �`-�tY P��S the commencemeat of a ciur�nt fareclosur� prooee,ding.(ii)�EinStazement waA pieclade • •
<br />= fo�ecIosme cm diffecent g�mmds ia Ne funue.ar{'ui)reinssatecneas v��ill adveiseiy affect the primtty of the lien c�6y �;�;�'• F� ;
<br />= tSisSec�ity.ins¢rument , .
<br />= 13.. Borrovoes Not Released: F'arbearanee by Leadcr PFat a Waiver. F.�tension of the time of�ay-meat ar T�'.��_'y r
<br /> �odificatioa of amortization of the s�s secared by�his Security Insnament gtanted by Lender w any success�s o mterest � . c�:,-
<br /> �qF Bam�wcs shall not opelate to retease the liubility.of the original Boaower or Borrower�s sucsessor in uue�ss. Lender -�
<br /> arrc
<br /> ��_��ir�to comme��e pmceedings agamsc any successur in inteiest or refuse to emend time for payment or -
<br /> � otherwise.miudify amort�ion of the suras secured by this Seciuiug Inswment by eeason of any dem�d made by the .': ::. . .'�,-
<br /> c�ginal Ea�'u�r ar Bormwer's successms in imerest. Any fo�eazance by Lender in eser�ising any right or�emedy shall ..•�, . .'� �f���'�
<br /> t�cl�tbeawaiveraforp�ecin:�ethe exentiseofanyrightartemedy. k '' ��-�s�`•':-
<br /> ;i r;, -�
<br /> ' • . n8.Ettcc�ssors aa�AssF Bound;doint and s�rxra!Uab�ity; •'.."�!� ,°�-
<br /> �;o�s '!he covenants ar�d ageemems of ;jl���.`;: ;�.�.�.-�,� •.
<br /> � ehis Sectu{ty,Lrnsuumeat shall b�d b,.°nefit the successa�s and assigns of Lender and Borr�wer.subiect to th�proviscons ��4���f;:,�'�y �. .. .
<br /> • of Par&�mgf2 9b. Bormwer's covenants and agcecme�s shall be jamt and severul. My Bomncver who co-s�gas chis �-;��z` �';-
<br /> Securmr 1is;t�iaent but does not eaecate the Note: (a)is co-signin�:this Securiry Inswment only td mortgage,g�ar►t and �� .,
<br /> g artt '
<br /> - •�-.i": .
<br />_ � oonvey ti�:��rro�verk interest en the Propeny under the tetms of tbirr Sec�uiry Insvumenfi(b)is not personally-0bligated to ' V .�.. .�,n�(; -
<br /> paY t�e sa�ns ser�ued by this Seciuiry lnstxumen�and(c)agrees that Y.ender and any other Borrower may agree tq exten4_ . * .-
<br />, modrfy.forbear or make any accbmmodarions with re�to the terms of this Security Instr�umen[or the Note avit�wut"that , •���•: '_ '
<br /> Botrower's consen� ' • ' . ,,
<br /> .�„s;�
<br />-' 13. l�Uiires. Any notice to Borrawer provid�d for in this Security(nstrumene shall 6e geven by deliv�`:�g"st or�+ �;:•� '.
<br /> . �.,�:. .
<br /> = mailing it i��t"ust class mail unless ap�:t.�cab2s law ceqtures use of anoiher method. 7Tte naace shall be dir8cted to s,ite . ��•��: ' . s;�� =
<br />_ a. v •.:,� `�;;��fi�° �.
<br />_ P�opeity Asiw,^�ss or any o t her a d d r e s s 8u�rovrer desi�a a t es by a o u c e t o L e n d e r. A a y notice[ri�Lender shaU b e g i en 6 y' ; .. . ,,nx`���.
<br /> :.14•���
<br />- f u s t c L�s s m a i l to Len4'crs $dctress stated!►eiein or an y addiesg i.ender desig»by notioe to Borrower. Any not�sa . ,���;!i�:�•. . . : .•
<br /> �v i d e d f o r i n t h i s 5 G t t u i t�I I n s d u m e n t s h a ll h e d e e m e d t o h a v e 6 e e n g i v e n t o&t t�n r w e t o r L e n d e r w h e n g i v e n a s p rovided •�,}��'�... , �
<br /> +�.,;,,�
<br /> ��i��r a�f ng Law;S evera b 3 l i t y. 7 1 us Securiry Inswmen t 4�a 1 1 be govem e d b y FeQeral law and the taw of the ��:3'+"'�
<br /> jurisdictiots i�r ahich thep�ope�y�s located. in the event that any provision or clause of thLs Security inswment or the �� _ : ��
<br />- Note conflrct�with appGcable law.such can4lict shall not affect atlt..r provisions of this Securiry instrutneat or the Note �
<br /> 1
<br />_ • wlilch c��be given effect withoat the conflictin�provision. '[b this end the provisions of this Security Insuument and the � � _
<br /> No?e are declaz+ed to be severabl� - • .
<br />- 1S.,BartvWer's Cayy. Borrower shall be given one oanfolmed wpy of this Secarity Instnment ' . .
<br />- I6, �rxat ai R�nLs. Borrower nncandinanally assigas and uansfets to i.euder ali the reats aa,d rEV+ennes of the
<br />= P4npeyty. Qtunocn�autharizes I.euder or LeaQcr§agents to collect tPae rents and revenues aaA hc�etry disects�tenan:of . �.:=<�:<<.
<br />° the pmperty tb pay th�rents to Lender or Ixndet's agents. Howerer.prior to L.ender's notice to Barm�ver of Bormwer'� � : • . ,
<br /> blesch of any covenant�v ageement in the Security lnsuument.Bmm�ver shall collect and�eoeive all rents and revenues oi" .. .
<br />_ the pro�erty as uustee�ar tne t�nefit of Leader and Bomower. 7his s�sssigmrtent of rents canstititutes an absoIut�assignneent "�4�;;;' . .
<br /> si cans
<br />- aad not an assignment for uddieional security aniy. '�:�s��
<br />- ��If Lender gves ndlice of brttch w Baitawer. (a)all reat�r�eived 6y Bormwer sha!!be held by Boirower as tnutee �'�'�''- .
<br /> far benefit vf l,cader only.to ba�heA W thie sums secuned by the Securiry Instrumenr, ib)Lender shall be entitIed to � '
<br />
|