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<br /> . s. � iQ A� rp,,,en Borrower has a rIght ta be reiastated if Leader has required immediate payment in fall - �,<`, • ,
<br /> ' ' ° � �� because of Borroarer's 6�ure to pay an amount dne under the Note or Wis Seruriry Insavment This right appl�es� � �'.
<br /> - . - . ? even after foreclnsnre pr�oeedings are institated To reinstate the SecurIty lnsuument,Bairower shait teader in a lump�
<br /> � � .� sum all amonnts reqnined w bring Bonowe�t's aaoount cunent inclnding,to the eatent they are obligations of Borrower � � , ' -, �.=�' �
<br /> � • � � under tt�s Securtty Insuument.foreclosure aosls and reasonable and customary attorneys'fees and espenses properly � � � � ,
<br /> - 4r' assosiated wlth We forectosure pmreeding. Upoa reinstatement by Borrawer, this Securlty Insuument and ttce� t .� < . . �
<br /> . . °:i obligatIoas that it seaues shall rcmain in e�ect as if Lender had uot required immediate payment fn 5il1. However,r .' "' .
<br /> - � , Lender Is aot tequired to permit reinstatemeat if:(�Leader has accepted reinstatement after the commencemeat of� �,
<br /> � fore�iosure proceediags wIthin mo yeus immediatelY Pre�4i°g W� °°�eacement of a curteat foreclosvre� • ,,
<br /> . prooceding,(ii)reinstatentent will preciude fo�eclosure on different grounds in the fnture.or(iii)reinstatement wiU� :: .r . _
<br /> - < ,--==<i adverseiy affect tlte prtardty uf t�e lien aeated iry t€�s Sec�.mty Insuumea� __ _.-__..-
<br /> ��' . � 1L Bormwer lYoi Ideleasc�d; FosDeaianae b�l I�des Not a Wa� Ea�ension of We time of p�yment or
<br /> ;t . '• modification of amart�attoa of the snms sec�red hy Wis SeWrity Insmunent granted by Leader to any successor In . t ; . .
<br /> ., � j interest of Bosowcr sball not opeiate to release the Itability of We orlSinal Bormv�rer or Borrawer's sncces�ors in . . A
<br /> �: ' .� interest. Lender s6all aot be required to wmmence pmceeding,s against auq sncccssor in interest or refuse W estend .,_x � .. ..•.
<br />` � �. :? time fos payment or otheiwlse modlfy amortiration of the su�s secured by this Secarity Instrument by reason of a� . �
<br /> � � demand maQe by the ortg'mat Bortower or Boirowe�'s sux�ois ia intemst. Au}+forbeaianse by I�ender ia eaz�rdsing " • .' ��
<br /> -,'< ' - any dght or remedy shall noi be a waiver of or precdade the esen�ise of atry right or remedy. ,:...:.
<br /> iZ S�co�an�AssIgns Bound;Jo�t and Sev�aal L3a���5.The ouvenanu and agreements of this '� ;�r-��_:
<br /> �r,` , Sec.vslty Insunment shall b�nd and benefit the saccessoss aud assig,�s of Lender and Borrower,subject to the provisions :-::4;,,; .,:
<br />•` of paragraph 9(b).Bomnwer's oovenants aad agreements sball be joint and severaL Any Boirower who co-sigas this ;;�__a
<br /> ��;` � Seaa�rIty Inst�ument but does not esecute the Not�(a)Is co-signing tl�is Securitp Inssrament onty to mortgag�.grant , _
<br /> .�•f ' . and wmrey that Borcower's interest ia the Ptaperty uader tite tc�s of t6is Sauriry Instmment;(b)is not pelsonally '; ,�_
<br /> �;�`. obligated to pay the snms se�ured by ihfis Sewrity Instrumen�and{c)agrees t6ai I.ender aad any other Borrower may �:.
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<br /> :�r� . . . . f agree to estend,ffiodify,forbear or make auy aa�ommodat�ons ariW regard to the terms of this Secarity Instrnment or ;.�==
<br /> ;% • :'�1 the Note wiWoat that Bo�rower's consent .. .:"-'s�.- -�--
<br /> � � - L� Notioes. A�r notice to Borrawer pmvidrd for in thi�Secarity Instrument shall be g�ven by detiti�rIng it or • ��'•
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<br /> .:,, .. �; by mailing it bq Srst ctass mail nnle�appticabte law reqnires nse of another method. "Il�e notIoe shall be directed to � ;�_-
<br /> ' . the Propertq Address or any other address Borrower designates by nottce to Lender.Any notioe to I.ender shaU 6e : ;
<br />_ ;: . � given bq fust class mail to Lender's address swted herein or aay address I�er desigaates by notice w Barmwes.Any � =: ,�
<br /> .t':� noace provIded for ia th�s SecauIty Inswment shalt be deemeA W have been givea to Bonawer or Leader when gtven •- ���;� "+���
<br /> . , as pravIded in this paragaPh- �,.:��.;���
<br /> �", . : J 14, (imr�a�ing Iaw;Swelab�ity. 'i�us Security Insuument shall be goveraed by federai law and the law of the : �� :.ti�,., :
<br />_';:'�� 3udsdlcaon ia which the Praperty is tocated. In the event that auy pmvtsion or claase of thts Security lnsuument or +�-..;:�y;;
<br /> . , • �i the Note conflicts with applicable law,sach�nfllct shall aot affect other rovtsions of this S Insuwnent oi the ``���
<br /> P e6'pYj�► �•�i�i�r
<br /> Note which can be gtven effect wtthout the ronflicxing provlsion. To ttils end the pmvlsions of this Secnrity Instrunient . : .,p�-.
<br /> �� . aad ttte Note aze declared to be severabl�. �'."a''`:
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<br /> � . - lS Bo�rawei's Copy. Borrower shall be gtven one conformed oopy of the Note aad of this SewrIty Insuameat _ �'�-=
<br /> .�::�� _ �` 16� Har�rdous Sbbsrtances Bonower shall not cause or permit the presencc.use,d3sposal,storage,or release of . '��"+�' .
<br /> ���� � ' aay Hardrdous Substauces on or in the Praperty. Borrower shall uot do,nar allow anyone eTse to do,an9thing ; � , .��:.^,;..:
<br /> � . a�fecting the Property that is ia vIolatIon of aay Environmental Iaw The preceding two senteaces shall not apgly to : ��,Y_!
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<br /> � the presence,use,ar storage on the Property of small quantitics of Hazardous Substauces that are geneialty recognlzed , . �., r;��
<br /> � � to be appropriate w notmal residential uses and to maintenance of thc Property. . ���':
<br /> � . Bonower shaU promptly�ve Lender wrItten nottce of any�mrestigat�on,claim,demand,lawsnit or other act�aa � � ,_ ; ._�-,-
<br /> - try any govemmental or regWawry agenry or private party involving the Property and aay Hazardous 5ubstance or
<br /> _..��,; . ' . Envlronmental Iaw of wbich Bonower has actual knowledge. If Borrowes leams,or is notiSed by any govemmental �� ,�•;;�;
<br /> or regulatory authority,that any removal or oiher remediation of a�+Hazardovs Snbstances affecting tiie Properiy is _. ��
<br /> .. necessary.Bonower shall promptty take all necessary remedial actions in acoordanoe wIth Envlronmental Law � . -
<br /> . qg used 1a thLS paragraph 16,�Ia�ardous Substauces'are those snbstaaces deSned as toxic or hazardous substances • ' .
<br /> iry Fmironmental law and the foltowing substances: gasolin�kerosene,other flammabte or toaic peuoIeum products, � �_
<br /> . tosic pesticIdes and herbicides� volatile solvents,materiaLs containing asbestos or forma2dehyde, aud radioactive � , �•., ,, .,+.:.
<br /> �. : � materials. As used In tinis paragraph 16�"Environmental La�'means federal laws aud laws of the jurlsdictton where
<br /> � . the Property Ls located that relate to healtL,safery or eavironmental protecdon. . •� �
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<br /> � . NON-iJI�ffORM COVENANTS. Borrower and Lender further covenant and agree as follows: ' � •
<br /> - � 17. A�ssl�ument of Rents. Bonower uncondiSonally assigns and uansPets to Lender all the rents and revenues � •. ;. `
<br /> .�� � ' . of the Property. Borrower authorizes I.ender or Lender's agents to collect the rents and revenues and hereby directs
<br /> � • j each tenant of the Propertyr to pay the rents to Lender or I.ender's agents. However,prior to Lender's nottce to • �
<br /> � '�' � � Honawer of Bonower's breach of anp cavenant or agteement ln the 3ecurity tnsm�meat,Bonower shall ooflect and . _ '
<br /> . � receive all rents and revenues of the Property as trustee for the beneSt of Lender and Borrower. Th9s asslgnment of
<br /> rents wnstitutes an absolute assignment aud not an assignment fot addlt�onal security only. •�
<br /> ' �� � If Lender gives aoiice ai breach to Borrower. (a)aU rents received by Borrower sha11 be held by Borrower as .
<br /> ' � trustee tor beneSt of L,ender on1y,to be applied to the sums securcd by the Securlty Insvumen�(b)Lender shHll be : .
<br /> • �. eaUtIed to coliect and receive all of the rents of the Property;and(c)each tenant of the Property shaU pay all rents
<br /> . ' � due and unpaid to Lender or Lender's agent on Leader's wrltten demand to the tenan�. � �
<br /> ' � Borrower has not executed any pdor asslgwment of the reats and has not and wlll not perform any act that woutd `
<br /> '• '� prevent Lender from exerclsing its rlghts ander thLs paragraph 17. � •
<br /> ,.,�•t,: Lender shali not be requlred to enter upon.take control of or maintain the Properry before or after giWng nolice .
<br />�����f of breach to Barrower. However,Lender or a judicially appoiated receiver may do so at any dme there is a breach. � ° �
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