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<br /> � , f. 7. Con�'wm4lon. 'the pmc�ds a�eay a�vard or claim for d�una�es.direc,t ar constquead�l.in coar�on with eny
<br /> ,' �<<�` oonde�tton or ather iaking of anY Q�S of pie�rogerty.or For conveyance ia p�soe of con�emnatioa.aie hereby amgned. �_'..., ;�.
<br /> ' � aad shall 6e paid w lender to dse exnznt af the full amount of the inde'bt�dacss that rem�w�s unpaid under the l�iote and�is
<br /> �� � g�iry[�suumea� Lender shail appty such pmooeds to the cedas6oa of the iadebtedaess underthe Nate aud this�Secuiiry
<br /> � Instivmen� fust w any,delinquent amuunts apptied in the arder provided ia �agraFb 3.aad t6en w p�eg3yment af ':'` (
<br /> ' , � � p r i n s i ptil, A�y applic�tton af thep to the pnuc�pal�sha11 not extcnd or po�ne We dae date of the montWy
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<br /> . , �`. paqrneats,whtcb are nefer�W in 7?a�ph 2.cr cHange the amo�mt o f su c h Qaymen t s. A n3 �cess p�v o e e d s over t�n
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<br />_,-- -- ---- aQwuni tequued ta�a�►all out�aading mdebtedness�ntized b�eS�y to the entiry IegalIy eadtted theceta. �'�-,
<br /> • . �.s''"- 8. �ees�. t�ender may col�ect fe�v and c�arges Y , �
<br /> ' �``� �'�<< 9 Gm�sds far Avodera4tan af�ebl. ': `.
<br />-- ..'; ,. , (a)Defaull. tender may.except as timited by cegulauons issued by the Secreta�+ic�the case of paymeat defauIts. '
<br />..,`,, .,; . ,� (
<br />.. • , ` c+eqt�ire imme+diatepayment m fuI�of aIl sums sec�aed by this Secm'ity I�ostr�t�f: ,.. .
<br /> fu �by�g�ly Ins�meat prior '
<br /> .. .. (i)Bonower def�Its by fait�ng to pay_'m fall any moathlY PaYnu�t�1 �'•�.
<br /> � to or on the due date of�e neat moat�y payment,or •.
<br /> ,�. (u)B o r r o w c,t d e f a n i t g l s y f m't i n g,f a r a p e a i o d o f d u ri j t d a y s.t�P e s g o m i a n y ather obli g a t ioas wntame�in this ;:,�„
<br /> Seamry iast�um�at �-�-
<br /> ued 6 lirable law and with the prios apprnval of tha `�:
<br /> ., (b)Saie Witt�ont Cre�it ApprnvaL Lender st�all.if pe�i Y t i�, ,�t`�:
<br /> . g immediate payment in fiill of sII t�e sams sec�ed�y tflis Se�uriry Ins�me�
<br /> ' �All o�s p�m�t o f t h e P r o�ty,or a b�e f u i a l i n t e r e s t i n a t�t o�m i n g a ll o r p a r t o f t h e p t+n p e a t 9,is sotd or ,
<br /> • '" ;� . _ `'athetwis�uarssfemed(ot�thaa by devise or desUent)by the Bottnwe.r,ana . `•.,�`.
<br /> • - (�'I�e Pm�erty is nnt oaatpied by the pumd�aFer ar�antee as bis or h�principal r+��idenoe.�ar tlxe purd�aser :':,,
<br /> �.;;�• • ar graatee does so oocupy the Prope�ty but 6is or her ciediY 6as not 6eeu appmve� in asoordance °;:i-.:.
<br /> .. � - witb ttte requ�af the S�t ��e a t in fnD,but Le�da " . .
<br /> ,. . `�`� (c)No Waiv�r. If eu+camstances oocur tbat wonld petmit I.e�der m teqnue Q Ymez► .."_,
<br /> �. .e
<br /> �` _ does aot reqaue sacbpayme ts,Leuder dces not waive it5 ri�with respe�t to sahseqnent events.
<br /> �� d oi H[)I) DS�er�r9a In maz►Y�ces r�1�°��by the Sectetaz5+cv�limit Ler�dd s _t� '
<br /> � • z °_.T� . ... . . . .n.�._��_�. ..ffi,.�..�..payment-defau�;��4�e-immed'iafe-PaYment�full�and-forec2onsoflheS���. . r��
<br /> ' . , Seatticy I n s��t daes no t a u t h o ri z e a c c e t e a a t t o n a r f o t e r l u s}�t e i f n o i g e c�tt e�b Y r e g u l a u o ...,�'`-;-w.
<br />•',".•. '�� ���.�,� � (e)Mostgage Not Insnned. Boaow�r agrees dsat shoutd ti;is Secauiry Irisnn�uent aad�note sec�aed theceby not � -_---
<br /> ::�:� ''t , be eligfbte far insurance�mde�the National�iausing Act wi9hm �m0�►ths from the � �
<br /> '�,--. . ., Lea�r at iffi option aad notarithstanding�yd�inS in F".r"�h 9•�1��u��paY�t� ��_
<br /> _� ,:, � �ate derea� �Y. -
<br /> � � ftill of aU sums�by tbis�Seauit3+IUS�ument A atiuen statemea¢�aay authorized agent of the Se�y �'a�.
<br /> - �� —
<br /> - _�:.�•, �: ...-�:, dated sabsequent m �� fmm the date heceof,decliaing w insur this Se�ity =-
<br /> 'T . � = Instsameai aad the note sec�ed the�rby,shall be deerued conshrsive pmnf of sucb in�tigi'b�lity. Notwi�andmg =-
<br /> '`: • �; - . � the foregoing,this ogtian may not lie ex�cised bY L�der when the anavailab�7`ity of insniance is solely dae to =-
<br /> � • �L�enQd s fa�ure ea=emlt a martgage ins�uance premIum to the S�r�ry• °--
<br /> `' ''. .':: . 10. R�st�tem¢nti Borrower has a n�t to Is�c�instated if Leader has requurd immediatG pa}rment in full ber�se of --
<br /> �:�:-.'.•:���. Seamity lnsmanent lliis n t lies even al�ea fo�closure ���
<br /> -'�,�..�1-;,.4� �oimwe�s fa�ar�e ta pay an�no�t due�de,r the Note ar this �P� �PP
<br /> �,.
<br /> ; ,�t '" • gs a�mstituted. Ta reiasmte Ses�riry Insuument,Boaowea shall teader in a tump snm all amonnts reguued to
<br /> F-� ��`:' g Bonrowea's axount current Incla�to the eMent theyf�and�penses pml�erlY as�ec3a�wsit�fi'�e forec�'. .. -
<br /> `.�`r'�'�.'l:.: fo�ciosure costs aad reasonabla and�srommy a��Y .
<br /> ts:;;y.:..•:�i�, Proceedi°S. Upon teiastaicmert by Boroaver.tbi���rity Insuuaient and the aJb]igations that it secares shaD temaia id' : _-
<br /> �,..�- , effect as if Lxnder had aw2�equired i�iate pay�*�i�full. However,d.ender.u.�not requined w permit mansmtement i�. ' ----
<br /> -����.:,•• ,�. (Ij Leader 6as acoeptea re�sp,�meat aEter the com�ent of foieclosux��.�d'mgs within ta+o years imaaediately —
<br /> � �t �
<br /> °�,.;k �� Preoeding the oommencement of a�t foreclasvie"Tooeedir��-.�u�t�'snss�^-...�ent wiD preelude forectosure on diffenenx -
<br /> - grounds m the futuce,or('ii�7�t will adverse affect;�.-���a.• a�die lien created by tWs S�nry Iasatumc�2.
<br /> - $` 1!. Borrawer Ne3 Rei�s�;�orbeu�hoe 6y ' I�i� a�a"�;. Extension of th�dmc of Qa�rtie�t or
<br /> '-"'�c��'n�?'�'� modi8cation of arnor�on of the s�s saaued by this Seruriry Iristrtmaer.s�tn'rd by Lendea w any suc�ssflc m mterest
<br /> - -=__-- — of Bormwea sLall aos ope�ate tfl re2ease the liability of the oagfa�i Borrourcfi��orrower's successor m ia� �nder
<br /> ---- sha11 not be reqn�eA w commence piuceedin�s ag�unst aay sacee�ur in tat�+z os�fuse t�eatend time far�payment or . ___
<br /> _=-`�- ° othea+Hise modify nmartEzation of ti�e sums seca�d by this Secvai�r Insannaent by reason of ai►y demfln8.; �ade by the
<br /> _�=-�'4'�"�� origu�al Borrower or Bormwera suca�sois ia.interest Any forbearanoe by Lender in exercisirig any rlght or remedy shaIf
<br /> --"�:'_..x;,c%t��, not be a waiver af or preclude the exercise of any rigAt or �y�
<br /> -v a-'.� IZ. Saooessora und As�tgns Hoa�;Jaiirt and Sev�e.iai rdabihty:CoSlg,�ers. '�t►e cove�ants and , m�ts of this
<br /> - :�.H-:. �ign
<br /> �`�..:o��::,i.: Securiry Insttt�ent shall 6md and benefit the successo�s and assi s of Lendet�:d 8am�wer.sub1'ed to '�e�s:mvisions of
<br /> _:.=:°<-� : : ?aragayb 9@). Bonvwds covenaats anA a shall be}om�t and seve¢aL �y Bormwer who co-sigur,��Seca.�ity.
<br /> -<'�.•'�..��-=— Msttument but does aot execute the h'�e: (a is co-�ignin this_Sec�ity Insvumeat onIy to mortgage.grant aa$Tanvey Wat �
<br /> -v�.�..'�33�
<br /> - �.1 . Harrowet s interest in the Progerty vnder the tenns of this�t�'Lastrnment;@)is nat pecsam�Dy obhgated to pay the s.urits;.
<br /> ,_ �'� .:"';� secured by thi9 Seauiry Inswmenr aad(c)agre�s that Lender an,i:�ny other Borrcrwer cnay w excen�,modify:fo�neau. _• -_
<br /> --=�r, or make any accommodadotls witb ngar�to the terms of this 5ecarity Ins�maat or the late without that Barrowe�'s ::..,.
<br /> , ��� .., . . . ��,
<br /> d r��-� ��13. NoUee9. Any aotice to Borrowerpravidzd for in this Security Instrument shall be given by delaser)ng it os by
<br /> mailIng it b fust ctass m3i1 un�ess 2,,splicable 1aw requires use of another method. �'the aotice sbeIl�be�imxed to the
<br /> .�i. r. .� �
<br /> "�°;��'.°�:�� . �.}, '� Property pc{Mess or any ather addrESS�irower designates by notice W Lender. My notice to lxnder shatl be given by fust _ -
<br /> --=:���',_.�;:i:�� class ma�W Lender's addness stated 4..�e9n os any address lxnder desi�by nodce to Bornower. Any notice� provided = —
<br /> "•2��,�,�?� °: .' for in this 5ec�nity lnsuument shall be deemed w i�ave been given to oimwer ar Leader wgen given as provided in this —
<br /> _ _�. ,.,.::; ' p�agraph ".
<br /> . . "'r. 14. Govesnit�la'�w; Sevetability. This Searriry Insuument e1�aU be goveraed by Federal taw acd rhe taw of fhe ��_�;-
<br /> :::� jurisdictiun in wluch t6e Propeny is located. In the event tbat any provlsian or clavse of tlus Sec�ity lnstiume�1t or the Note �.�-,:
<br /> . . , confltcis�vith applicable laar.sa�conflict shall aot affect other provisions of this Security Instrument or fhe Nar,e whlch can +'�
<br /> � '�;;;��!� beg ven effect without the wnflicting ptovision. To dus end f4ae pmvisions of this Ser.uriry Instrumeat aad tDe Nota arc ''
<br /> A_;:��..`.•:,,,.. - � _
<br /> ••.r.:'-,. .. declara3 m be sevet�ble. ° .
<br /> " ��`��� 1S. �orrawer's Copy. Boaower shall be given one wnfamned copy of this Securlty Instrument ' -.°�;;
<br /> sll
<br /> -...:;;�,�;,..,,,.-`. �6. As�l�nen!ei RQnfs. Botrower uncondiSonalJy ass�gns and transfers to Lender sU the rents aicd revenaes of the •:-:
<br /> �� p1o�erty Borrower autharizes LenQer ar LRade�s z;ents to collect the rents and revenues and hemby dir��s eatb tenant of ,,.>•:
<br /> •:';:;_�.>t�'':;'� the p r o�erty to pay the rents to Leader or Len d e z's ageats. However,p r lor to Lendds natice to Borrovrq oY Borrowe�'s
<br /> ,. •: �,,", �. . bnasb of any oovenant or agreement in the Security Inswment,Bon'ower sha11 collect and receive aU rentv and revenues of
<br /> �� ' '°�d �� as trustee for the bene�Ct m�Lender and Borrower. 'fhi4 assignment af rents constiwtes an absoIute essignnaent
<br /> . the Property �
<br /> "and nat an assigament for a�ditional s�cnrity only. �
<br /> , , �,'�' tf 1,ender geves aotioe of bmacb to Borrower: (a)aU renta rereived by Borrower shall be hetd by aoTrowei�as avstee
<br /> ' ..,,,' ��� � for benefit of LenQer ottly. to Deapplied w the swns secure9 by the�ecunty Insaumenx(b)Lender shall be endtled ta
<br /> collect and receive all of the rents of the PropeRy:and(c)each tenant of the Propeny shall pay aU rents due and unpaid w ��. :
<br /> � l.ender or Lender's agent oa I.ende�'s written demaud w the teaan� R �
<br /> ' ' • Barrawer has not executed any prior assignment of the rents and has not and will not perfatm any act that would ;
<br /> . .. ,. ,preveat Lender from exenising its rights under tbis Paragraph 16.
<br /> Lender shaU not be requimd to enter upon.take control of or maintain the P�operty before or afrer giving nofice of
<br /> -- -' bre�ch m Boaawer. However.Leu�r or e jndiceatly a�sintcd a�dver a�t do sa at any t�there�s.�breach. Any . —.
<br /> i , • , appliration of nnts shall not cure or waive aay defauIt or mvalidate any other right or remetly of Lender. 'Ihis assi�ent of
<br /> ' , rents of the Progetty shall teiminate when the debt secured by the 5ecurity]nswmeat is paid in full. .
<br /> ' (Page 3 of 4 page�)
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