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<br /> - • ' � 1�, R�dr�e�,�.r Borrower has a tight to be relnstated if Lender has requir te payment m�� �` �. ��
<br /> -? 4 � "
<br /> ' ` b��se af Bo�rawer's�lnre to gay an�fl�t due�nder the Note or this SecvrIry Instrument 'I1�ts d�t applies
<br />:� . . - , evea ufter forectos�ue praoecding�are instttutcd To teinstate the Securlty Insuument,Bonavver shall teader in a lump . . ,
<br /> ��� � � . sum ali amounts reqaired to brlag Borrower's a000uut caureat iacluding,to the estent they are obtigations of Borrower -
<br /> . . . under thLc SecurIty Instrumenb foreclosure aosts aztd reasonable and cnstomary auoraeys'fees sud expenses groperly � ��. ' . , ,
<br />':�;, ' ? associated wiW We forectosnre praoeeding' Upan reinstate�ent lry Borrower,this Seapriry Insuument and the ,. •. . ;
<br /> :� . � ' obligattons Wat it se�ures shall remain In�ffect as if Lender had not required immediate payment in full. However, i•_ :.
<br /> °� ; Lender is rtot required to permit reinstatement i�(i)Lender has aa�epted reinstatement after tfte oommencemeat of !. ,
<br /> <<� � ! foreciosnre pmoeedings within two yeazs immediateiy preceding the aommencement af a caireat foreclosurc • - _ -
<br /> r; � . . . � proceeding,(i�retnstatement will predude forectosure on differeat grouads in the future,or(iii)reinsratcment w71 ! ��
<br /> �` � � � 4 adve�sety affe�t the prIority of the lien created by tt�is S�urity Instrumens. � '_ - =-
<br /> '__ -. _` , .� :i 1L Bomiawea I�fm R�leased: F�be�nae bj►I�aQe� Noi a 9�1� Extension of We time of pay�ment ar - --- --
<br /> � ` j ucodiffcation of amortvat�on of We snms secured by this Secnrlt9 Insvament g�anted by Lender to aay saccessor In . �,
<br /> `i. � ] iatetest af Borrower shall not opetate t�release the tlabitlty of the original Borrower or Borrower's suooessots ia � ,
<br /> �.� � Intecest Lender shall not be required tn oommeace pmoeedings against anq susccssor in interest or refase to estend � r`:� :
<br />.•.�a. � ti�ne for payment or otherwise madify amostizatlon of the snms secured Dy this Se�vrity Inswment bq reason of any -
<br /> :�;` • ' demand made by the original Borrower or Bormwe�s saccessars in interest Any forbesiauce by L.ender in esercising
<br />,::�5. , a�r right or remedy shall aot be a watver of or preci�de the esengse of any rlgttt or remedy. �>:'
<br /> .,f, ,. iZ Sa9oessois an�Assi�Bo�;Joint and Seu�al Ilability;CoSig�s. The covenanu and agreements of tbis ' �"``�.
<br /> .. � ;i SerurItY Instrumeat shall bInd aad beaefit the sa�sois and assigos of Lender and Borrower,subjecx to the prov9sIons . . .` `.�•
<br /> � of paragraph 9(b).Borrowec's wvenants aad agreements shall be joint and seveial. Any Bormwer who co�signs U�s
<br /> � �r � ��i SecarIty Insuument b�daes not esecute We Noi�(a)Is oa-signing t6is Se�auIty InsLmment only w mortgag�grant ,..: +`_;,�..
<br />_�: •.i aad oonv ti�at Borrawer's interest tn tke Property unQer the terms of this Securlty Instnanent;(b)Ls aot personally � �_
<br /> : . ; eY ,•:--
<br /> ;.�} . '."? obiigated to pay We sams seaued hy this Serurlty lnsuomen�and{c)ag[ees Wat Lendet aad an}r other Somawer may —
<br /> .� , . agree to eaten4 madifY,forbear or make any acoommndations witb regard to the terms of this SecurIty Insuument or � . ;_,�
<br /> `°;`: . •*' Y i We Note wlthont tGat Bormarer's wnsent r �"
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<br /> , i 13 Notaacs. Any norice to Borrower pravtde�l for in thLs SecurIty Insm�ment shall be given by delivering it or �
<br />� f�� , . by mailing it by 6rst class mail untess appHrab2e law rcquires use of aaother method. 'The notIce shall be directed to '� ''y�,,.�
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<br />. , We Property Address or any oWer address Bormwer dcsignates by notice w Leuder.Aay notice to Lender slmll be
<br /> - `- . . given by Stst class mail w Lender's address stated hetein or arry address I�ender desIgaates by nolice to Bonower.E1ny , '. :.���4=`
<br /> �` � � � nottce pmvfded for in this Se�airtty Insuament sLa1�be deemed to have been gtven to Borrower or Lender when given �� . - '��
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<br />.,',; . . . as providect in Wis paragraph. .��:;�"
<br /> -,^� , 1Q� paverning IaW Se�reaab�lity. 'IriLs SecurIty Insuument shall be govemed by federal la�v and the laar of the ��;;;�`�
<br /> ;:;'� � ; � jurisdiction in whicli the Praperty Is lacated. Ia the event that azry pmvtsioa ar clausc of tl�s Se�urIty Insuament or , .,'.4`�'.,.�t'
<br /> the Note confltcts witb applicable law,such oonflict shall not affect other provislons of Wls Secarlty Instrnment or the •��`�ve:.-
<br /> ' Note which c�au be gtven effect withont the conflicting provlslon. To this end the provisions of this Serudty Insuament • . :���
<br />" : ' and the Note are declared to be severable. ,.
<br /> .. •;.�y..:'.
<br /> - � �S. Bor�rer's tbgjr. Borrower shall be given one conformed copy of the Note and of this Security Iastrument . .;.w. •�.'_:►.�",
<br /> • 16� ga�ardnus Sniu�nces. Borrower shall not�ause o,-peraiit We pre�cnae,ase,disposal,storage,or release of � _ �;-:;_
<br /> - � a�r Hazardous Snbstances on or In the Property. Borrower shall noi do,aor allow one else to do,an '�`_
<br /> anY 9�8 _.�-_��.
<br /> , affecdng the Property that is ia vtolatioa of a�ry F,.nvironmental Law '�s preceding two senteaces shall aot apply to .�.,:F' '�nf,
<br /> - the presence,use,or storage oa the Property of small qnantities of Ha7ardons Substances that are generally remgnized � •'�=
<br />_ � to be appropriate to normal residential uses and to malntenance of the Property. � �V-.
<br />- Borrawer shall pmmpuy give Lender written notice of any imrestigatIon,claim,��man4lawsuic or other actlon � �� . ���~'"
<br /> � try airy governmental or regulatory agency or prtvate party imol,+iug We Properry and any Ha�dous Subst�nce or ;"�
<br /> <��',�� .. �� Envlronmental Law of which Borrawer has a�ua1 Imowledge. IP Bonower lqras,or is notiHed by any governmenta! -�`�
<br /> :�' '� � ' or regulatory authorlty,t6at a�+removal ar other remediation of any Hazardons Substances affeaing the Property is � ��-
<br /> �.,: �,� � ' neoessary,Boaower shall promgily+take all ne�ssary remedtal aaions in acaardance wIth Environmental Law _ ' '... : . -
<br /> . . As used in Wis paragraph 16,•Ha7ardous Substances"are those substances defined as tmdc or hazardous substances � ; '��
<br /> _,�r}�:'' ' � by Fmrironmental Law aad the followingsubsrances:gasoliae,kerosene,oWer flammable or toxtc petsoleum products. .
<br />_ . toxlc pestIcMes aa4 herbtcides, volaWe sohents, matcrIats containing asbestos or formatdehyde� and radloactive
<br /> , ' . • matcriafs. As used in this paragraph 16,"Environmental La�means feQeral laws aad laws of the j�rLsdiction where .. � ..
<br /> • . . the Property is lacated that relate to health,safety or envlronmental protection •
<br /> � NON-UNIFORM COVENAN'IS. Boaower and Lender further covenaat and agree as follaas: .
<br /> � 17. Assig�m�t oi Renta Borrower u�condItionally assigns and transfers to Lender all the rents and revenues ' .
<br /> � � . of the Properry. Borrower autltorizes Lender or Leader's agents to collect the tents and revenues aad hereby directs � . :
<br /> � each cenane of the Propeny to pay thc rents to Leader or Lender's agents. Hawever,prIor to Leader's notice to � .
<br /> :•:..', Borrawer of Bonower's breach of any covenant or agreecent ln the Sec�rity Instrument,Boaower sball oollect and �
<br /> �� � receive all rents and revenues of the property as trustee for the bene8t of Lender aud Borrower. Tbis assignment of .• �
<br /> �:�: �' rents constitutes aa absolute assiy,nment aad not an assignment for additional security only. j
<br />.� .y If Leader gives nodce of breach to Borrower.(a�aU rents recelved by Borrower shall be held by Boaower as � � •
<br /> trustee for beneflt of Lender only,to be applted to the svms seciued by We Security Instrument;(b)Lender shall be , •
<br />��•�"; • entIUed to collect aad receive aPl of the rents of the Property;and(c)each tenant of the Property shall pay all rents ' '
<br /> " � � due and unpaid to l.ender or Lender's ageat on Lender's wrltten demand to the tenant. . •
<br />`� �.� ' ' Borrawer has uot executed any prlor ass:gnment of the rents and has not and will not pert'orm any act that wauld
<br /> - •.� prevent Lender from exercLsing iu nghts under tHis paragraph iZ
<br /> -�. ;°.: � Lender shall not be requlred to enter upon,take conuol of or maintain the Propeny before or after givfng aotice '
<br /> � � � ! of breach to Bonower. However.Lender or a judicially appointed recelver may do so at any dme there is a breach. ?
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