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201200928 reinstatement wIli preclude foreclosure on differenC grounds in the future,or(iii)reinstatement wiil adversely affect the priority of the lien created by this Security Instrument. 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extcusion of thc time of payment or modification of amortization of the sums secured by this Security Instrument grinted by Lendcr to any succescor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedinas against any successor iu interest or refuse to extend rime for payment or otherwise modify amoriization of the sums secured Uy this Security Instrument by reason of any demand made by the original Borrower or Borro��er's successors in interest.Any forbearance by Lender in exercising any right ar remedy shall not Ue a waiver of or preclude the exercise of any right or remedy. 12.5uccessors and Assigns Sound;Joint and Several Liability;Co-signers. The covenants and agrcemcnts of this Security Instrument shall bind and benefit the successars and assigns of Lender and Borrower,subject to the provisians of Pan.graph 4(b).Borrower's covenants and agreements shall bc joint and several. Any Borrower who co-signs this Security instrument but does not execute the Nnte: (1)is eo- signing this Security IT�slrument only lo morlgage,�ant and convey that Borrower's interest in the ProperLy under the tenns of this Security Instrument;(b)is not personally obligaCed to pay Uie suais secured by this � Security Instrument;and(c)agrees that Lender and any other Bonower may agree to extend,modify,forbear or make any accommodations with regard to the term of this Security Insa2unent or the Note without that Borrower's consent. 13. NoHces. Auy noticc to Borrower provided for in this Security Inshument shall be given by delivering it ar by inailing it Uy first class maIl uuless applic�ble law requires use of another mclhod."1'he noLice shall be directecl to the Property Address or any other address Borrower designates by notiee to Lender. Any norice to Lender sha11 be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower.Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lcndcr tvhen�ivcn as provided in tlus pazagraph. 14.Governing Law;Severability. This Security fiishument shall be govemed by Federal law arid the law of the judsdicLion in which the Property is located.In the event that any provision or elause of this Security Iustrument or the Note conflicts with applicablc law,such conflict shall not affect other provisions of this Security uistrument or the Note which can be given effect without the conflicting provision.To tUis end the provisions of this 5ecurity instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note aiid of this Security Instnimcnt. 16.Hazardons Substances. $orrower shall not caiuse or permit the presence,use,disposal,storage, or release of any Hazardous Substances on or in the Properry.Borrower shall not do,nor allovv anyone else to do, anylhing a£fecCing the Property that is in violation of any Environmental Law. The preceding two senteuces shall not apply to the presence,use,or storage on the Property of small quantities of Hazardous SuUstances that are generally recosnized to be appropriate to nortnal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation,claim,demand,lawsuit or other acfion by any govcmmcntal or regulatory agency or private party involving the Property and any Hazardous Substance or�nvironmental Law of which Borrowcr has actual knowledae.If Borrower learns,or is notit3ed by any governmental or regulatory authority, that 1ny removal or othcr rcmcdiation of any Hazardous Substances affecting the Properry is necessary, Borrower sh�ll promptly take all nccessary remedial actions in accordanee with Environmental Law. As used in diis parasraph 16, °Hazardous Substances" are those substances defined as toxic or hazardous substances by finviroivnental Law and Yhe followuig substances: gasoline, kerosene, other flammable or to�c petroleum product�s, toxic pesticides and herbicides; volatile solvents, materials containing asbestos or formaldehyde,and radioactive materials.As used in the paragraph 16,"Enviroiunental Law" means federal laws and laws of thc jurisdiction«�here the Property is located that relate to health, safety or encironmental protection. NON-UNIFORM COVENANTS.Borcower and I..ender fiu�lier covenant and agrce as follows: 17.Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all thc rents and revenues of the Property.Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of die Property to pay the rents to Lender or Lender's agents.However,prior w Lcnder's notice tv Borrower of Borrower's breaeh of any covenant or agreement in the Securily Instrumeut,Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower.This lssignmenY of rents conscitutes an absolute assignment and noC an assignment for additional security only_ If Lender gives no[ice of breach to Borrower. (1) all rents received by Borrowcr shall be held by Borrowcr as trustee for benefit of Lender only,to be applied to the sums secured Uy the Security Iustnimcnt; (b)Lender shall Ue entitled to collect and receive all of the rents of t�ie Property;and(c)each teiiaut of the Property shall pay all rents due and mipaid to Lender or Lender's agent on Lender's writcen demand to die tenant. Sorrower has not executed any prior assignment of the rents and has iiot aud�vill not perfonn azry act that would prevent Lender from exercising it�rights under this Paragraph 17. Lender shall not be required to enter upon,take control of or maintain the Property before or after giving notice of breach to Borrower. However,i,ender or a judicially appointed receivcr may do so at any time there is a breach Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender.This assignment of rcnts of the Property shall temunate wben the debt secured Uy the Security Tnstrument.is paid in full. 18.Foreclosure Procedare.If Lender requires immediate payment in f�dl under Paragraph 9, Lender may invoke the po�ver of sale and any other remedies permitted by A�plicable Law. Lender shall be enriUed to collecC all expenses incurred in pursuing the remedies provided in this Scction 18, including,but not limited to,reasonable attorneys'fees and costs of title evidence. If the pow�er of sale is invoked,Trustee shall record a notice of default in each county in which any part of the Praperty is located and shstll maii copies of snch notice in the manner prescribed hy AppGcable Law to Borrower and to the other persons prescribed by Applicabie Law. After the time required by Applicable Law,Truslee shall give public notice of sale to the persons and in the manner prescribed by Applicable Law. Trustee,without demand on BorroFVer,shall sell khe Property at puhlic auction to the highest bidder at the time and place and under the terms designated in the notice of saLe in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by pnblic annonncement at the fime and place of any pre��ously scheduled sa(e. i.ender or its designee may purchasc thc Property at any sale. 7625G.CV(9/11) 906459 Page 4 of 5 G07'O(UUl aa �