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<br /> (y i?ti..;�i,:�ti c . . :1�:J ➢'�:��' ,[•�p�'.y��t 6,• r. �;��, , ,!J[`'� 'x . i hy t , . c_; !r^.rtr:•�„ �w�.�i,r�w��n ,_
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<br /> �::;1;.:�:(�� 'i,it�;}' '!qS.'u:t�'Y,�'t-_;il:t:.:'ip,4�'r L-„---
<br /> (ii)Hormwc�r�efauits by Pal�in�,f'cx a PcrKxi oE Ihi�iy G�ys,G2(�i�(Yilli Ftii}t lilii:::r„l;d�«,.:����:;�„:..�:r:!in�.':is ra.tt�?i, _----
<br /> u�attvmrns.
<br /> (b)S�k Wki�owt�:re�l�t Approv�l,l..eader sfuiU, if permltt�d by sppik�bb l�w And Mith the prkx appmv�l i�f t�e
<br /> �1',�Muire�ncunodi�te p�yment in full of s�U tt�auns ioct4rod by tt►ia Sccurity Inspt�ma►t if:
<br /> (i)AJl err p�►t�f the Pro�rty.a'a lxnst"rcial intExat In�truK owning all or p�rt of the Pmpaty.ie soW cx�thawise —
<br /> t�yiii.YiEa�dll(UIi1f�4WH�ijj lib'vi�tl�'(ic.ii.uii'��iy�iii3�'+tii��iwi'w�&wr =—
<br /> ,a, (ii)'Il►e Pmpr�ty i�rwt oa�iod by d�pia�nfi�tar or grru►lee+ier hi�a hex priociptl raa�c.e.a tba pu�tc!►�ec or gm�ee
<br /> � dacs so occupy the Propaty but his ar her credit hae nat t�en eppa►ved in ncaxd�►c.e wit�the raquiremrne�c►f rhe
<br /> Sccc�ury.
<br /> (� (e)Ido V�aever.IP circumslances cxcur that Wnukl pexmit Y.uxfer ra ra�uirc Imroediata�tyma►t in fuU,but L�endex cba tu�t
<br /> C? requir�e such peyments,A�d�x daea not waivc i�v dahu with tr.�act to subso4uent events.
<br /> � (d)Rexai�etiprw oP iiUi►SeerelAry.In���zy c�tcur�tatices��AN�tbr►s issu�,d by th:.Sctrciasy w'sll li.:�it L,e�cl�'s rights in -
<br /> •�•� t1�e caso of payma�i dcfaults to reqaire inun�di�te paymr,t�t it1 fuU�ncl faecbae if root p�d.T�Is Socurity Inswma�i bas
<br /> not authorixr acceieraWOn ar fo�closure if not pamittod by cc�ul�ti,xu of tUe Secre�ary.
<br /> ,r°� (e)Mortpie idot I�allred.aarowa agrecs th�t�t�auld thi� SoGUriry Instrurtx�t a�d the Note socured tharby c►o2 he
<br /> , z� aligibk f4r inauranca tu�dtt the Nadonal Haisin�ACt within�bp d�y�fix►m the data htroof.I,.rnder may.as its option anct �
<br /> natwithstanding anythitig in�aph 9,ccquiso immedisfa p�►yrt�at►t in full of aU surns socured by this Secwiry In�brumen�
<br /> A wriuen s�atemcnt of any auttacixod agent of tlw Secretary d�tod subs�xlua�t ta 60 daya fvntn tt►e dato haaof.clocWdag w
<br /> ins�re this Security [nsuument and the Note sxtue�9 ttx�re6y, shall be deuned c�tusie�e pronf of such iekllgibiiiry. -
<br /> Notwithstanding thc forcgoin�,tli��option�ay not be cset�iscd by Ler�dex ahan thc urwvailAbiliry of a�is sokly due
<br /> to Lcnder's ta�lur�t�rrmitA mortga8e insurnnco prcrr►iu�u Iu[i�a�Lcr'��„y. _—_-
<br /> 10.Reinstatement. Borrowu h�s a right ro be rcfnstamd if (.cnder has re�uimd immedlata payment in fu11 t�.w� of
<br /> Horrower's failura w pay an amous�t due undcr the Note or this Security [nstrumen� This right agplies cver+at�r f;tt�trcbsura
<br /> procoeclings are insdtuted.To reinstate the Security Insomnnent,Iiormwet sha11 icaider in a lump sum all amo.�a�req�+n�bring
<br /> Baaower's account ctssrz,ait including,to tho extr,nt they are abliga�tions of F�rroover under this Security F.^r��trc:x�t,faceclusztce __
<br /> costs and �rasonable and cusmmary atwmeys' foes and expeases proparty <rssociated with the foroc��reee�cling. Upon
<br /> reinstatement by Borrowex,this Sectt�;ti:�j Jnsuumet►t and the ot►li�ations that it secures shall remain in affect as if Lender had not
<br /> reyuircd immcdiate paymcnt in full. Howcver. Lendcr is not ccquircd W pamit reuutasament if: (i) Lcnder has �ted
<br /> reinstau;mcnt after tha commencement of fonectosure proceedings�vithin two}ears unmetlLateay pmceding c,�e commencemenc oi a
<br /> current foreclosure proceeding,(u) reinstatement+�•ii1 preclude fareclosure on d���ierent grounds in the�:,i„ca,or(ui)reins4�;ement
<br /> wiU er7vust;ly affect the prinrity of the Gen creuUed By thls Sccurity Instrumen�.
<br /> 11.Borsower Not RekASell;Forbes�ranee By Lender Not a PB�Iven Extension of the amG of payment or mosi:�rr�tion of
<br /> amoRiza6on of thc sums sccurcd by this Sccurity Instntment granted by Lcnder to any successor in intetest of Borrower shaU not --
<br /> operate to release �t�e lia6�lity of the original Bomower ar Sorrower's successor in inte�rest Lender s:`raL' not be required w —
<br /> commence proceedings against any successor in interest or refuse to e:tend tiRnc for payment or otherwise modify arnortiza�on of �■l
<br /> the sums secured by this Security Instrument by reason af any dert�and made by the original Borrower or Bortower's successars in
<br /> interes�Any forebearance by Lendcr in eacrcisIng any right or rcmedy shall not bc a waivcr af or preclude the exercise of any --
<br /> ri�ht ar remedy. �__ _-
<br /> 12.Su��cessors and Ass(gns Bopnd;Joint aad Sevee�l I.(abittt,y;Co•Signers. 'Ihe cavenants and agr;,:ments of this Security �'=°"
<br /> Inst�umene shatl bind and benefit the successQrs and assigns of Lender and Borrower,subjc;ct to the pror:sians of paragraph 4.b. R��
<br /> Borrower's covenants und a�reements sA•all ba joint and severaL.Any Borrower who co-signs this Security InsUument Gut daes noL ___
<br /> execute Ihe Note: (al is co•signing this Security Instrument o:�ly to mortgage,grant and convey that Borrower's i�2�eest in the
<br /> Property under the tesms of this Sei;urity Instr�nw�x(b) is not personally obligated co pay the sums secured by tAis SecusEty �:�-
<br /> Iastrument;and(c)a�e�that Lender nnd any otT.0 Borrowcr may ngree to entend,modify.forl�ear or r^ak��any acco�modations ,�
<br /> with re�ard w the terms of this Sece�riry Iostxument or the Norice without that Bormwcr's consen� � 'Y.
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<br /> i3.Notices Any nodcc to Bo^,.�nn�Gr pmvided for in�his�ecurity Instrument shall be gi�cri by dc6vering it or by mailing it by
<br /> C�rst class mail unless appllcub(e law n.quires us�of unother method.The notice shall be directed to the Propc.-ty Address or any
<br /> othcr address Borrower designatcs by noacc to L�ndcr.My nocice to Lcnder shall be given by first class mail to Lender's address ����
<br /> stated he�ein or at►y address Lender designntes by n�tice to Ho�rower.My nodce pmvided for in this Security Insuument shall be . �
<br /> dcemed to have becn given w Becr�wrr nr Lender when given as provided in this paragra�h.
<br /> 14.Govern6�g Law;Severabi�ity. Tl�i�Security InsUUment shall be governcd by Faiera➢law and Ihc law of the jurisdic6on in `
<br /> which the Y'ropeny �s tocuted. In the event d�at any ptovision or clause of this Securiry Instrument or the Note conflicts with ' •,�
<br /> npplicable law,such aanttict shall not affect other provisions of this Securiry Instrument or tho Note w4i:h can be given effect
<br /> without the canflIcting pmvisiun.To this and the provisions of diis Securiry Instrumen►,�d thQ Note are declared to be severubla •
<br /> 15.I3orrower's Copy. Borrawr,�shall be given ome confonncd copy of thi�Security Inswmen�
<br /> 16.Assigpmeat oP Rents. �orrowcr uncondiaonally ossigns and transfc�s to Lendcr all �cnts and revenues of the Property. ��
<br /> Borrow�,r autnorizes ienUCr or Lender`s agcnts ro cot[cct ttie rents ana revenues and tiereey dlmcts cach tenant of tho Property to -
<br /> pay the rerus ro Lender or Lenct�r's agents. Howcver,prior to Lcnder's notice to Borrowar of Borrower's brcach of:ury covenant .
<br /> or a�ccment in Uie Sccurity Insmurcnr.Sorrowcr shatl collcct and icccivc all rcnts tuid mvcnucs of the Property as trus�ce for thc
<br /> l�ncfit uF L.cndcr and B�r�owcr.'Cf�is assignment of ren�s constitutes an absolutc assignment and not aa ass�gnment for addidonal �
<br /> sccurity onty.
<br /> If L.cnder gi�cs notice of brexh to Borrowcr.(a)all rcnts rcceivcd by Dorrowcr shall be held by Borrowcr as trustcc for bcncfit j
<br /> of Lender only.to l�e applicd to the sums secur�.d by the Security Instrttmen�(b)Lender shall ba entidcai to wQect and receive all• �
<br /> af t1�c rcnts of thc PropeRy;�ttd(c)wxh tcnant of the Propctty shall pay all rcnts duc and unpaid to Lcndcr or Lcndcr's agcnt on. F�
<br />- L.cndcr's writtEn dcanand m 1hc icnanG
<br /> Bormwcr h� not e:cecuG;d nny prio�assignment of tl�c rents a��d has not and will not�x:rform any act that would prevent
<br /> L.cndcr from cacrcasing its rights u�dcr d�is pazagraph 16.
<br /> Lcndcr shall not bcrcquir�ed ro enUer upon.Wkc conVal of ur maintain thc Pro;tcrty bcfo�+e or attcr giving nnucc of brcach to �
<br /> Boao�rcr. Howcvcr.Lcndcr nr a,judiciaUy appninted rxcivcr may d�sn at any tunc d�crc is a brcach. My application oE rcnts
<br /> ohall nat curc ar waivc any dcFault or invalidatc�ny athcr right or r�mc,�iy of Lc;ndcr.7'his assi�;nment of rcnts nf thc Property shall ,
<br /> tcrminatc�viicn thc debt�ccurcd by Uic Secu�rity[nswmcnt is paid in fuil. . ;
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