|
... � 4i� • ✓ 7 i . . ' . � . :.E.�. .:C_ -fJ. _ _ _. 1 � .1_
<br /> .'l' t, . . ' . .. � . ^.—T:' t< --... ' _„ .. _ _ __ �i- _ _�. -
<br /> '.#—.� �it " � .. � _ .4' i - . `C. _ , ! ��. ,L ..�..
<br /> .. .. .. , y-�6 r ' -. "v _ _ ..�._�...�.. �._._�...5_._ ..._....._..,._. __. ..�.._ . .. ... � . .�..�s��S�-� � - 4 �
<br /> � ' _...j,� _ ' " �_ �_.�..._._.--_... -.._. ��- .
<br /> . , �' . .�L- '
<br /> .. • � �.� .. �,c . 3 _
<br /> �.� ' . wnfGCts wifh appGCab�law. such confl3ct Shail not aHect other provfskns of thfs Secur$y Inshument or the Note wAiCh c8n Ca � � ;
<br /> given effect w�hont the contReting provtston.To thts ertd tha prmrfstons ot this Sscur@Y tnstrument and the luote ara dec�ared ta '�° �r, � '.
<br /> . ,. • - bB Sev2r9bIB. + -`
<br /> ��
<br /> . • 15. �orrawer's Capy.Barrower shall be gfiren ons confortned copy of the Note and ot Nis SeCUCay Instrument ' . . ,t.�•..,
<br /> �• ` `-� 16. H�ardOUS S�b�tBrtC�B. Bocrower snan not cause or permlt the presence,use, dtsposat, storage,or retease ot . � •
<br /> � ' � �� eny Herardous Substances an or in the Property. Barrower shaU�ot do, nar aROw anyans etse to do, anythtng aifecdng tAe �D � , , . .
<br /> . Property that ts in violation of eny Environmentel Law. The p�eceding two sentences shall not e�OPN to the p�asence.use. or � _ ' ,� '
<br /> `�..' storage on the Property ot smaD quanU'tie.a of Hazazdous SUbsmr►ees 1Nat ere generel►l► *ecognimd to be appropriate to nortnat � _ . ... .- �
<br /> � ' _,y 1 residential uses and UD metnffinstlCe of the PNpBRy.
<br /> ` ,. ; .--r-r_� n, ctatm. Qemand. tawsuD or other acflon by any �,::, ' .
<br /> Borrower sAaU promptiy glve Lender wr$ten noiice of eny inves�atlo �
<br /> ,�.= ° e rt d a r ry H B m r+t d o us Stibs�ar Eavironmenfal Law o} �w -.
<br /> g a v e m rt�e n t a s o r r e g u t a t o ry a g e n c y o r p d v a t e p a rt y�n v o i v i n g t h e R ro p e r l y 8ia a` '�.�'°
<br /> ` ' ; which Borrower has aetua� knowtedge. if 8ortowet leams,o r i s n o t�i e d by a ny g o v e m m a n t e l o r r e g u l a t o ry e u t h o r d y. t h at en y ��$�99 - . 5-
<br /> � removal or other remedtatlon of arty Flarardous Substances etteaiin9 the ProDertfi Fs necesaary,Borrcwar shaU promptty take eA �+ •�c4 �
<br /> , necessary�errtsdial actions irt accordance w8t►E�vtmnmeMal Law. � ': ,
<br /> As useQ a�this paragrapb 16.'Ha�rQous 51fbsffinces'ere those substances defined es tox&c ar harardous substanees by �c:�<�' : < V. �
<br /> , Envhonmental law artd the foHOwfig substances: gasoQne, kerosene, o2her ffammahle or tmda petro'eum products, toxic
<br /> . , , pesticlQes and herbicides.vatat�Te soNents.maferFats confatning asbestos or fam�aidehyde.and �adiaactl+re mate�ials.�ls used in °.
<br /> . . the paragraph 76.'Envlronme�l Lew" means federa!taws end taws of the jurlsd"axion inrher�the Propetty is located that telafe '-`�'
<br /> - to heatth,safety or environmenffit protection. " '�``i-�.
<br /> _ ,r ; -�..�„�
<br /> . . NdN-UNIFORM COUENANTS.Borrawer and ienQer further cavenan!an0 agree es foQOxrs: .•.,.,'�=
<br /> , . r,. e .i:��.:- --
<br />.� �� �� 17. ASS�gDtlt@11t Ot R8ilt8. Borrower uncond�ionatty assigns end hansfers to Lender all the rents and revenues of!he .. ��:�,_
<br /> , ' . Property.Borrower authorizes Lender or Lendefs agerrts to coQect the rents and revenues and he[eby dtrects eacA tenar►t ot the . s•.=� =
<br /> . �• � ' Propsrty to pay the rents to Lender or Lenders agents. Howevat, p�ior to Lende�s notke to Bortovrer of 8o�owefs breach of ����'•'�:�#�
<br /> .�. . . �
<br /> - any covenant or a�eemern tn the Seeun'ry InsCUmen� Bortaw�sball coltect and recetve ali rents and cevenues ot the Property ,_�_�
<br /> �` as Uustee for the benefit of Lender and Borrower. ThTs assignment of rents const�rtes an e(osoluts essi�mant and not en "�°
<br /> u
<br /> . ,essTgnment tor additional secur�y ony. �� �—
<br /> �Q��'I If Lendsr Nes notice of breach to Borrower. (a)eil rents received by Borrower shail be he►d by Borrower ns bustee tor . •.�'�_:.,-�
<br /> . 9 .
<br /> ' ;,,� benefd of lsnder onty,to be appGed to 4he sums secured by the Security tnsmimer�k(b)Lender ShaO be ent�ted to CoDect and d�
<br /> '� ' • ' " receive alf of the rents oi the Property; and (c)each tenant of tha ProPertY shafi paY aU rer►ts due and unpaid to Len68c or -,� ._'':"�"t���'
<br /> . �..�:,,
<br /> � � Lenders agent on Lenders wrMen demand to the tenan� ' �'��x
<br /> • � • t 8ormwer has not executed eny prior assignment of the rents end has not end wm not DeAortn eny act that would prevent : ��--=
<br /> • tsnder trom exercising ils�ights under this Parag�h 17. � —°-
<br /> . � , , Lender sha0 not be requtred to enter upon,take control ot or msNiaU�the Property betare or after gtufig notice of breacA to : ��-__
<br /> � Borrower. However, Lender or e judicially appohted receiver may do so at any time lhere is a breach.Any appficatton ot rents ' +�'. •s:�
<br /> . • sha0 not cure or watve any defauft or imalidate any other r�ht or remedy o1 Lende►.Thts ass�r►ment of rents of the PmpeRy • '. 'r�: II_
<br /> - • � ��.
<br /> � `" shall tertninate when the debt secured by the Securty tnstrument is paid tn fu0. . ""`
<br /> :��s
<br /> . � 18. Forectosure Procedure. Ii Lender requlres immediate payment in tutl under Paragrapb 9, � .' ,. - --
<br /> �� : � � Lender may invoke the power ot sale and any other remedtes permitted tsy app9icable Iaw. 1. : . •_�
<br /> . � • Lender shall be entiUed to coltec4 ati expenses incurred in pursuing ttte eemedies provided In � � �,�.�-�u
<br /> ,. � • this Paragraph 98� including, but not timited to� reasonable attorneys' teea and costs of titte � . '��=�
<br /> z.�,-
<br /> ' �, evldence. .• ':�''
<br /> '' If the power of sale is invoked, Trustee shall �ecord a noUce of detault in esch couMy in . •'z�
<br /> � � � .� which any part oi the Properry is located and sha0 mati copiea of such n�Uce tn the manner � � �: �_�,
<br /> , � �' prescribed by applicabla law to Borrower aad to the other persons prescribed by applicable la�w. �`« "'-'�'
<br /> • .. . - After the time �equired by appticabte law, Tnrstee shaft�ive pubti� noUce ot sate to the pere�ns • �.��r
<br /> � and in the manner prescribed by epplicable taw.Trustee, without dem�nd on Borrower,shal!setl ,,. �•;�_ .'�:=;'
<br /> � ' the Property at public auctlon to the hlghest btdder at t�e time and place and under i�ie terr+e --�=�:=:-�-�-:::
<br /> . _ • . ; deslgnated in the notice of sale in one or more parceta and in eny order Trustea determtnes. . . . -f4=°�.�
<br /> � Yrustee rt�ay poa�one sale ot all or any pareef of the Properly by pubUc anrtouncement et the . , . ` '}�
<br /> � • Ume and place of any previousty scheduted sate. lender or its designee may purchase the � � � ��
<br /> . • Property at any sale. . . . -
<br /> � , • Upon Peceipt of payment of 4he price bid, Trustee sha{I deliver to the purchaser Truste�'s . , ,.
<br /> , � . .• deed conveying the Property. The recitets lo the Trustee'o deed ohall be prime tecle evidence of � ; �.
<br /> . the truth of the atetements made therein. Trustee sh�il apply the proceeds ot ther sale in the . .
<br /> � � following order: (a) to ali costa artd expenses ot exercis(ng the power of sate, ertd the sate, � � •
<br /> ' . inctuding the payment of the Trustee's tees aotuatty incurred, not to exceed 3 % - : . � .
<br /> � ,,.; of the principal amount of the note at the Ume of the dectaretion ot defautt, and rea$cnable • : � .
<br /> • ' attorneys' tees as permitted by law; (b) to all sums secured by thia Security Insitrument; and (c) ,
<br /> ' k any excess to the person or persona legaliy enUUed to it � ��
<br /> ',; ` � � ; If the Lender's Interest in this Security tnstrument!a held by the Secretary and the Secretary - � � •
<br /> � . . " requires immediate payment in tull under Paragraph 9, the Secretary may invoke the nonjudicial
<br /> :. { power of sale provided in the Single Family Mortgage Foreciosure Aot o! 1994 (°AcY') (12 U.S.C. . � . ,
<br /> . . � 3751 e,se�.) by requesting a 4orectosur� commisstoner deslgnated under the Act to commence
<br /> � t forectosure and to sell the Property as provided in the Aa� Nothing ia the preceding seotertce �
<br /> . � ; � shaU deprive the Secrefary of any �ights otherwise available to a Lender �ender this Paragraph 18 �
<br /> or applicable law.
<br /> � „ �
<br /> , ; 19. Reconveyence. Upon payment ot all sums secured by this Security InsWmant,Lender shall request Trustee to
<br />. _., • .� ± reconvey the Property and sha�l surrender this Securityr InsUument end ail noted evidencing debt secured by this Security .
<br /> � . Insuument to Trustee.trustee shall reconvey the PropeRy wfthout werranty end v�ithout Cherge to the person or persons legeity � ,
<br /> ' '� antAted to it. Such person or persons sfiall pay any reCOrdtttion Costs. � •
<br />- _� � ; F58f3.LM0(1/8B) Piq�4 of 5 � - •
<br /> _'. � � t
<br /> . _._... ._ �._ _.._--_---__. .
<br /> M
<br /> •� .. 693 i - � .
<br /> . i
<br /> � �_ ' '
<br /> �-.� - - . . , ;M1• lin;�-- _
<br /> , . . .
<br /> . .. .. -.. � . . .
<br /> ��"�_- - - �. , • . . ... --..�. '_ ���. - . •.• --� �,-. ' .s __. _. . �_._- - . .. _... _ �. . .. _. . _ . . _ ._ ��_ . . —_ . .... ..._ .`_t
<br /> ,., � , , ..
<br /> ' • •. . . .. " `.
<br /> .. .- .
<br /> . . . . .. .. •� r �u.
<br />
|