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<br /> 10. Rcinstatemcnt. Barrower has a rlght ta bc rcinstatcd if L.cndcr has rcc�uired lmmediatc payment In full
<br /> bcwuse of Horrower's tailure to pay an umaunt duc under thc Nute or chIs SecurIry Instrumcnt. This right appl[w � __
<br /> even aftGr forcclosurc procceciings are;tnstltuted. To tcinstete the Sccuriry Insttument,Borrower shall tender in a lump �
<br /> sum all amouats required to brins Bonawer's account current including,to the extent they are abligations of Borrawer (
<br /> under this Security lnstrumc;nt,foreclosure costs and reusonabte aad custornary attorncys'fees and expenses properly �
<br /> associatcd wtth thc foreclasurc praceeding. Upaa reinstatcment by Bonowcr, this Securlty Instrument and thc � �
<br /> obligatIans that it secnres shall remaIn in cffect as if Lcnder had not re:quired immediate payment in full. However. �
<br /> Lcnder!s not required to permlt rcinstatcment if: (i)I..cnder has au:epted rrin�tatemc:nt after thc wmmcnccmcr�t af _ ,��`,
<br /> foreclosure proceedings w[thin two years immediately preceding the commencement af a current foreclusure ,. ---
<br /> proceeding,(fi)reinstatemcnt�vlll preclude foreclosure on different grouads in the future,or(lli) reinstatcmenc will . `u;�;r
<br /> ' adverscly affect the priority of the lien created by thls Security Instrument. -
<br /> 11. Horro�w�er Not Reka4ed; Forbcaranaa by Leader Not a Wair�cr_ Extenston of the time of paymcnt or , -
<br /> modificadon of amonlzation of the sums secured by this Securiry Instrument grantcd by Lcnder to any successor in - -
<br /> interest of Borrower shall not operate to rclease tue lIability of the orlginel Borrowcr or Borrowcr's successors in ,_- ��--
<br /> • Interest. Leader shaA not be required to commence proceedings against any successar In Interest or refuse to extend . ;?�
<br /> time for payment or othenvise modify aaionization of the sucps sccured by this Security Instrument by reason of any
<br /> demand made by the orlginal Borrower or Bonower's successars in iriterest. Any forbearance by Lender in exercising
<br /> any right or remedy shall not be a waiver of or preclude the exercise of any rtght or remedy. '
<br /> 12. Suooessois and Aasigos Bound;Joint and Saezal Llability;Co-SiEaera. The covenanu and agreemcnts of thLs
<br /> Secudty Instrument sball bind and benetit the successors and assigns of Lender and Borrower.subject to the provlslons
<br /> � of paragraph 9(b).Borrower's cavenants and ag��P.ements shaU be joint and several. Aay Borrawer who co-sigas this ' _ ::.
<br /> Securiry Instrument but does not execute the Nota•:(a j is co-signing this Security Instrument oNy to mortgage,grant . �:',.='`"
<br /> . and coavey that Borrower's interest in the Ptoperty under the terms of this Securitgr Instrument;(b)is not personally .. '=�:��_
<br /> obllgated to pay the sums secured by thLs Security Instruraent;and(c)agrees thac Lender and any uther Banower may „•�,r':
<br /> � . agree to extend,modify.forbear or make any accommodatlons with regard to the terms of this Security Instrument or �``��^
<br /> the Note without that Bonawer's consent. � '=
<br /> 13. NotIccs. Any notice ta Borrower provlded for in thls SecurIty Insuurnent shall be given by deliverIng it or �'�"
<br /> �' by mailing it by 8rst class mail unless applicable law requires use of another method The notice shall be directed to • •�• ��'
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<br /> the Property Address or any other address Bonower desip,nates by notice ta Lender.Any notice to Lender shall be , _ __.
<br /> i given by Srst class mail to Lcnder's address stated herein or any address Lender desigaates by notice to Banower.Any . ;. y
<br /> notice rovided for in this Secud Instrument shall be deemed to have been ven to Bonower or Lender when given k�ti�'' '�'
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<br /> — as provtaeu in this paragraph. .����;'�
<br /> 14. C�oveernfng L�w;Severability. This Securiry Instrument shall be governcd by federal law and the law of the -
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<br /> jurlsdicttoa in which We Ptoperty is located. In the event tbat any provlsion or clause of this Security Instrument or ��.,
<br /> the Note conflicts with applicable law,such toMict shall not affect other provIsions of this 5ecurlty Instr�ment ar the � :�_a.;
<br /> Note which can be�iven effect without the conflicting provtsIoa. Ta this end�he provlsions of this Security Insuument � ^�
<br /> and the Note are declared to be severable. ''� t�'`
<br /> 15. Borrow�e�s Copy. Borrower shaU be given one conformed copy of the Note and of this SecurIty Instrumen� ''"' •�'
<br /> 16. Ha7amious Substanccs. Bonower shall not cause or permit the presence,use,disposal,storage,or release of
<br /> ;� any Hazardous Substauces on ar in the Property. Borrower shall not do,nor aUow anyone else to do, anything ''.��
<br /> affectiag the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to '�';_
<br /> the presence.use,or storage on the Property of small quantities of Hazardous Subs,tances that are generally recognized �
<br /> to be approprlate to aormal resIdential uses and ta maintenance of the Property. --
<br /> Bonower shall promptly gIvc Lcnder wdtten notice of any investigation,claim,demand,lawsuit or ather action =�
<br /> by any governmental or rcgutatory agency or pdvate party involving the Ptoperty and any Hazardous Substance or `�Y�m��-
<br /> Environmental Law of which Bonower has actoal knowledge. If Bonower learns, or is notified by any govemmental ��`-�:-.-
<br /> or regulatory authorlry,that any removal or oWer remediadon of any Ha7ardous Substances affecting the Property is "`���-�
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<br /> necessary,Bonower shall promptly takc all necessary rcmedial actions in aaordance with Eavironmoatal Law. ���
<br /> As used in tuis paragraph 16,"Nezardous Substances"are those substances deMecl as toxic or hazardous substanccs ___
<br /> ]J� by Eavironmental Law and the followIng substanc;es: gasoline,kerosene,otber flauimable or taxic peuoleum products, �'�-:_�,..,,�_ _
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<br /> tc�ic }��ictdcs an: 1fYiVlYtYW� x.;.::;:, su.vcnts, matecials containtng ::,bestas or formaldehyde, and radioactive i ' ;y � �,,,;:.-
<br /> matedals. As used ia this paragraPh 16,"Environmental Law"means federal laws and laws of thc jurisdiction wher� I' ��..,,
<br /> � the Pro cr is located that relate to hcalth,safe or envtronmental rotectton. �'�` -��� ��
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<br /> j NON-YJNIFORM COVENANTS. Bonower and Lender further covenant and agrce as follows: .",�'
<br /> I 17. Assignment of Rents. Bonawer unconditionally assigas and transtcrs to I.endcr all the rents and revenues , " ,
<br /> ' of the Property. Bonower suthorL•.es Lender or T..�:nder's agents to collect the rents and revenues and hereby directs •• � • •
<br />- � cach tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lendcr's noticc t� • •
<br />_ I Borrower of Bnnower's breach of any covenaat or agreement in the Securlry Instrument,Borrower shall collect and '' ,
<br /> rcceive all nnu and revenues of the Properry as trwtu;for the benefit of Lender and Borrower. This assignment of
<br />_ ! rents constltutes an absolute assignment and not an assignment for additional securtty only.
<br /> ; If Lender gives not{cc of breach to Borrower: (a) all rents rcceivcd by Sorrower shall be held by Boreowcr as
<br />` � trustcc for bencCt of Lcnder only,to bc applied to thc sums sccureci by thcSccurity Insttumcnt; (b) Lcnder shall bc
<br /> � entitled to col(cct and re;ceivc all of the renu of thc Property;and(c)each tcnant of the Property shall pay all renu
<br />' duc and unpaid to Lc;ndcr or Lc;ndcr's agcnt vn Lender's written demand to thc tenant.
<br /> .,..--•----�--- --• ------.._..--- -•�----.,__-- __. _...�_ _._._ , �.._ _ ,._.��� __.---°--_ f
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<br /> Duiwww i�u�uv�cac�.uaw uuy pii�i u�aiguuicu�vi uic�ciiw ui�u ucu�iviniiu wxu�w�pc�iv�iu airy'a�i uaa�wvu�.+ r - : .
<br />= prcvcnt Lcndcr from excrcising its rlghts undcr this paragraph 17. ,
<br /> L.endcr shull not be requircd to entcr upon,takc sontrol of or maintai n the Property hcfore or aftcr giv{n�notice
<br /> of brcach to Borrowcr. Howevcr, l.cndcr or a judicially appointcci rcccivcr may da so at any timc thcrc ts a brcach.
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