|
n"i : � _ �==k+';• I .
<br /> � .. � ,t, P^..•; . :�� I I�!h.yr}:.... . , . _
<br /> �l ' �
<br /> �j�,r,�
<br /> ...,E �„�.,_.
<br /> _w t y i =,.�-"-='_
<br /> .� � 92._ �07�3
<br /> _ - - ' 12. Gitt�es�ors snd Assi�ns Boundi Jo1M And ReverAl LinbiBty; Co-Sigacro. Thc coverwnts and agreements of this
<br /> _ — Secudty [natrumtnt shall bind ar.:i bcnefit the auccessors wul assigns oY Lcnder u�d Barmwer, subject to the provlsions of
<br /> -- • -�- —
<br /> _ .—-- . .
<br /> . - . pYTa�Ipp11 Y.b. 170rfOWCL R COVCI1Mpi atW i1�IC�111r11u a�irii uc�uu�t wnj acvc��fi. „uy j`iu��uNU� wiw w-a���w .�e ..x�:ii.�tj
<br /> ------
<br />�'"`��� • lnstrumc�tt but does not execute the Notc: (a) is co-signing this Security Instrument anly to mortgage, grant and convey that
<br /> -- '-'���� Borrower's interest i�the Property under the tem�of d�is Security Inatrument; (b)is not personally nbligat�w pay thc sums
<br /> �".�l aecurod by thia Secur�ty Instrumenr,and(c)agrees thet I..ender and any other Bnrrower may agrec to extend, Rwdify,furbearor
<br /> m�ke any accommodatione wlth regard W the terms of this Securiry Instrument ur the Note withaut that Borrower's consent.
<br /> ��' !3.Notices.Any nwicu to Borcower provided for in this Security instrument shall be given by delivering it or by mailing
<br /> __— it by tirst cless mail unless applicable faw requires use of another method.The notice ahall be directed to the Property Address
<br /> ,._;�:�,y�fi:.,;`'`".•,�;;.°� or any other address Borrower designates by natice to I,ender. Any notice to Lender shell be given by first class mail to
<br /> �`�.� l.ender's address stated herein or any addreas Lender designates by notice to Borrower. Any notice provided for in this Security
<br /> ` � "���'�'• '�' ' Instrument ahali be deemed ta have ban given�o Borrower or 1.6nder when given as provided in this paragraph.
<br /> -�,�_�== -
<br /> ��+�-�Ka� 14. Goveraing I.aw; Seve�bllity. This Secudty instrument shall be governed by fedcral luw and the law of the
<br /> jurisdiction in which the Property is lacated. In the event that eny provision or clause of this Security Inst�ument or the Note
<br /> =�'�'�. ' � conflicta with a licable luw, such conflict shall not aifect other rovisions of this Securit Instrutnent or the Note which can be
<br /> v�._c�:ti�t;a,.�r_.�::�:: PP P Y
<br /> —°is�,:-.:�.tiy x ���— given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declarcd
<br /> �'h' _
<br /> ::.w�: ��.':�.-::. t0 tfC iCVBi'Bb�C. •
<br /> �° 4 °,�'.��'�`x 1S.Borrower'o Copy.Horrower shall 6e given one conformed copy of this Security Instrument.
<br /> -_.- ,�;r�.. �- .. :,,
<br /> ' �"' " " � 16. AssiSnment of Rents. Borrower unconditionally assigns And transfers to I.ender all the rents and revenues oi' �he
<br /> ~"�' �� �� . Praperty. Borrower authorizes Lender or I.ender's agents to cellect the rents and revenues s�nd hereby directs each tenant of�he
<br /> �.��:,..:.:. r �
<br /> " , t: .•�;;,;:•:�-° Property to pay the rents to Lender or I.ender's ugents.However. prior to L.ender's notice to Borrower of Burrower's brcach of
<br /> , .._... any covenant or agreement in the Security Instrument,Borrower shall callect end receive ull rents and revenues of the Property
<br /> _. ` as t�vstee for the benefit of I.ender and Borrower. This asaignment of rents constitutes an absolute assignment end not an
<br /> �• . �ssignment for additional security only.
<br />- " 'YI:�.'I` .
<br />_- ,,��:�a�bR,�t�1;�i;�,:`�' If L.ender gives notice of breach to Borrower: (a)all rents received by Borrawer shall be held by Borrawer as trustee for
<br /> '' ' •.' � benefit of L.ender only,to be npplied to the sums secured by the Security Instrumenr. Ib)I.ender shall be entitled to collect and
<br /> �. " receive ull of the rents of the Property; and (c) euch tenent of the Property shall pay all rents due and unpaid to l.ender or
<br /> . . �
<br /> Lender's agent on Ixnder's wriucn demand to the tenant.
<br /> ° �• . ° Borrower has not executcd any prior assignment of the renis and has not and will not perfarrn any act that would prevent
<br /> ,,.
<br /> ' � a ,• Lender from exercising its�ights under this paragraph 16.
<br /> ,�..
<br /> � • . � . � -;�::.�' l.ender sha:l not be required to enter upon,tuke contral of or mnintnin the Property before or ofter giving notice of breach
<br /> * � to Bormwer. However, l.enJer or a judiciully appointed recciver muy do so ut uny time there is a breach. Any application of
<br /> a.-�-.�" rents shall not cure or waive uny default or invalidutc any other right or remedy of Lender. This assignment uf rents of Ihe
<br /> �`�� ° - Property shufl tcrminatc whcn thc dcbt sccurcd by thc Sccurity Instrumcnt is paid in full.
<br /> ���, -
<br /> � ' � . , NON-UNIFORM COVENANTS. Bnrrower anJ Lrnder funher covenunt and ugrce us fi�llows:
<br /> ! ,;;.. . " , 17.Foreclosure Procedure.If Lender requires immedipte payment in full under paragraph 9,Lender may invoke the _
<br /> �� ' • '•u� power of Rnle and any other remedies permitted by uppllcablc luw. I.ender shall tx entitled to collect all expenses
<br /> f • ��:• tncurred in pursuing the remedies under thls paraqrnph l7�including,but not limited to� reasonable attorneys'fees and
<br /> � ° ° cests o[title evidence.
<br /> .�. � It the power of sale is Invokrd� Trustee shall recnrd a mitice nP defoult in each county in whfch nny part of the
<br /> '' ' ��� "' �.. ,; Property is Iceated and shall mail coptes oi'sucN natice In the munner preticribed By upplicable law to Borrower and to °
<br /> � b� the other personr prescrlbed by applicable law. After the timc reqnired by upplics�ble law�.Trustec xhnll�ive publlc notke
<br /> ,��� „ oP sale tn the per�ns und in Ihe monner pr��rilxd by upplicablc luw.Trutitcr, aithnut dcmund on Rorn►wer,shall sell
<br /> �•`"•?¢'*s'� - , the Property at publlc auctlon to the highctit hidder ut the timc vnd place und undcr the term�desi�nvted in the aotice of
<br /> � „ ;, rale in onc or more parcelc and in nny nrdcr Trustm detcrmin�w. Trustec mu�• pnstpnnc wle of all or vny purccl of ihe
<br /> �• " �� Property by public announcement pt the time and place of an}� pre�•fouslr� scheduled wle. I.ender or its d�wiRnee may
<br /> _ ' , d" '.... �. purclia�e the Property at any sole.
<br /> ., �� . , , �j �4RINE1 Psp�6 of 6
<br /> . • . A
<br /> . � . .��—-�-- -�r.. _. .. -- ' ti . - � :.ar,:�. -�,
<br /> . .. . . ,. . i . . . . .,. .
<br /> , . . ' ' .. :-. —�.ra t�:• ':1Q� .,'.n^` ' • .. . .
<br /> ...
<br /> .
<br /> � .
<br /> , •' . .
<br /> � • � /' ' . ..�'t��' ,� -
<br /> �
<br /> �
<br /> al �I __ _.__
<br />
|