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92107175
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Last modified
3/8/2012 10:40:43 AM
Creation date
10/19/2005 4:47:45 PM
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DEEDS
Inst Number
92107175
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q-- <br /> M r�• , -- . <br /> �,`�' ' ' ' • � . _--- <br /> a. . •- __ _ <br /> __ _ _ _ _„-_.-�..- <br /> � �� <br /> �_ --- � 9�-�i�'71'�S <br /> 12. S�oa�on wid Awl�ns Hai�tli Joiat Aad Sev«'�! I.IaMlllyi Ca3lQnerw Thc covenant� qnd yr�omeat�of tbi� <br /> Socurlty Inctrumuit slu�ll bind w�d bencf�l tha aucccssors onci�wsignc of L.ender�nd Borrower, rubject to thc provl�ions of <br /> porrgraph A.b. Bomower's c�venrnts wKi agrcemcnts ehall bo joint and sevoral. Any &rrrawer who co-�i�ne thfs Sacudty <br /> InW�umeM but does npt exExute the Note:(a) is co-signfn�thiw 3ecu�iry Inctrument only�o mortg�e, grant ard convey tlwt <br /> Borrower's interest in the Property under the tern�c of Ihia Socurity Insttumenl;(b)is not persotwlly obli�atod to p�y tho sums <br /> _�=- -- -_� ��c:urul by d�ia Sa:urity Inclrun�ent;und(c)ngrecs thsu Lender and any other$c�rrowcr mny a�rcc to cxtend.madlfy,forl�au or <br /> nmka any acooaur�odatiau wlth re�ard to ttw term�of�r Security InWnunent ur tho Note wllh�x►t ttwt Borrowor'�ca�eat. <br /> 13.Notice�.My naloB to Borrowar providod for in this Socurity Itwtrument shall be given by delfvednQ it or by mailinQ <br /> it by fi�claca mail unless applicable law roquires uso of suiother methocl.Tha nolice sht�li be directed ro the Prupeny Address <br /> or uny other address Borrower desigrmtes by notice to I..ender. Any notice to Lendor slwll be given by fitst cluss mafl tp <br /> -- — --- - - y- -� Lender's address stated herein or s�ny ucWress Lerder designates by notice to Borrower.Any notice provided for in thl�Savrity <br /> Iftwiumeat shall be dcemod tn have been�iven to Borrower or l.endc�when�iven �providod in�hi�paraQraph. <br /> 14. Governin� Law; Sevee�bility. This Security Instrument shall be governod by federul law and the law of thc <br /> jurisdiction in which the Propeny is located. In U�e avent thut xny provision or cluuse af�his Security instrument or th6 Note <br /> contlictx with upplicoble law,sueh rnnflict shall not uffect wh�r provi�ions of�hic Security Instrument or the Note whieh can be <br /> given effect with4ut tl�a contlictin�{provision.To thia end the provisions of thic Sxurity Inctrument and the Note are declarod <br />_ � w be severable. - <br /> �L -_ _—.°� L4.Borrower's Copy. Horrower sh$11 be given one coniom�ad copy of this Socurity Inurument. <br /> � 16. Assi�omeot of Rent�. Borrower unconditionally assigns and transfers to Lender�tl! the rents and nevenues of th@ <br /> �"��� Property. Borrower authorizea Lender or l.ender's s�genta t4 collect the rents anJ revenues and hereby directs each tenant uF the <br /> --------� Property to pay Ihe rents�a Lemler or l.ender's agent�. However,prior to Lender's notice to Borrowar of Borrower's breech of <br /> -- any covenant or agreement in�he Securiry Instrument. Borruwer shull collect and roceive oll ren�s and revenues of the Property <br />-�- — as trustee for the beneFt of Lender and Bomovrer. This eccignmsnt of rente conatlwtes an absolutc assi�nment and oot an <br /> -- r�esi�nment for oddidonal secudty only. <br /> -- ii i.ender gives nocice of breach[a Sorrower: �aj aii rcncs received by Sorrower shaii be iteld by 8c�rcower as trustce for <br /> '���"� beneGt of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lcnder shaU be entitled to collect and <br /> receive ull of the rents of the Property; and (c)each tenum of the Property shall pay all renls due atld unpaid to Lender or <br /> LeMer's agent on l.ender's written demand to the tenant. <br /> _ ►+:�;,_",;,��� Borrowcr has not executed any prior assig�ment of the rents and hex not encf will not perform any ect thut would preveat <br />�� . �� w�,�,��: L.ender ft+om exercising ita rightK under this partfg�aph 16. <br /> _ �����,. Lender shall not be requirr� to enrer upon, wke control uf ur muintuin the Prupc:ny before or aRer giving notice of breach <br /> � w�■ �;�>- � to Borrower. However. L.ender or o judicially uppuinted receiver may du so at Any time �here is u breach. Any application of <br /> . ..•��.:. . .... <br /> � ��;���. t �•� rents shall not cure or wnive any default or invdidute any utber right or remeJy of'Lender. 7'his ussi�nment of rents of the <br /> .�, arinr�+��"=���` ,r�-� Property ahell terminute when the debt secured by the Sc�curity Inurument is paid in full. <br /> �".�t'�'",`'...:.. .,�.� <br /> ��• •:t��= NON-UNIFORM COVENANTS. Bnrrower and Lendcr furthcr�nvenant•rnd agrec a�foll��w.r•: <br /> � <br /> �' - -- , 17.Foreclasure Pracedure. If Lender reyulrcw imme�Uute payment In full undcr poragraph 9.Lender mwy invoke the <br /> �� "' power of sale And any other remedies permitted by appliaible law. Lender tiboll be entitled to collect all expenses <br />-�,"" •,�� incurred in pursuing the remedics under thl� pera�reph 17, includine,but not limltcd to. reu�onoble altoraeys'fees and <br /> �. �,`"�.'`-..•� , . caWs ot tide ev(dence. <br /> ��� <br /> ,�f It We power of sale is invoked, Trutitee sh�ll nti�urd a nud��e ut'dePoult in euch��unty In which yny pwrt ot tUe <br /> - Property iR located w�d shall mail copies of such nutice In the manner prexribed by appUcable law to Borrower and to <br />'°.�.`.,,,, :t ;' '. -�. the otNer persunx prexrlbed by s�ppNcwble luw.ARer the tlme reyuit�d by upplk�ble I�w. Trur;tee shall give public norice <br /> --� ,�,-,;,�.' oP sale to the persons and in lhe manner pr�c�ilx�d by appllcable Iaw.Trutitec, withuut demund on Borrower.stwll sell <br /> ��- • the Property at public auction to the hlgNest biddcr at the time and plece and under tlte terms destgnuted in the notice uP <br /> •'"'�"'�" sale in oae or more p�rcels and in any urdcr Trusti�c determin�w.Trust��muv�ist pune wle of vll or s�ny ps�n�el uP the <br /> � :"�`���'�- �`' PropeHy by public unnuun�.�emrnt al the time und pluce uf uny previuusly scheduled swle. Lende�or its desi�nee may <br /> .�K . <br /> .� p purcbase tLe Property at any sWe. <br /> �� : ��R�(�) Pp�6 al 8 <br /> �- 1 <br /> .. °'� .. d�_.� ' <br /> f . . � <br /> . ` <br /> � i .. � <br /> � <br /> . . _ ._' '.. 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