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2012020�G NON COVENANTS Borrower and Lender fiather covenant and agree as follows: 17. Assignment of Rents. Bonower unconditionally assigns and transfers to Lender all the rents and revenues of the Ptoperty. Borrower suthorizes Lender or Lender' s agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lendet or Lender's agents. However, prior to Lender's notice to Barrower of Boaower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender giv� notice of breach to Borrower: (a) all reats received by Borrower shall be held by Bonower as t�ustee for benefit of Lender only, tb be applied to the sums aecured by the Sec�mty Instnmient; (b) Lender shall be entifled to collect and receive all of the rents of the Properry; and (c) each tenant of the Property shall pay all rents due and impaid to Lender or Lender's agent on Lender's wtitten demand to the tenant. Borrower has not eacecuted any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under Uvs 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, Lender or a judicially appointed receiver 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 rents of the Property shall terminate when the debt secured by the Security Insirument is paid in full. 1& Forecloanre Proc�nre. If Lender reqmlres immediate payment in fnD nnder paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shaD be enHUed to coDed all e�penses �tncnrred in pnrsaing the remedicv provlded ln thLs paragraph 18, inclading, bnt not limited to, reasonable attorneys' fee�s and costs of title evldence. If the power of eale is invoked, Trustee ahall record a noHce of defanit in each connty in which any part of the Property is located and shall mail copies af such no8ce in the manner preacrlbed by appHcable law to Borrower end to the other persons prescribed by appllcable law. After the time reqwtred by appllcable law, Trustee, ahall give public no�lce of sale to the persons and in t6e maoner prescrlbed by applicable law. Trast�, withoat demand on Borrower, shall seII the Property at pnbllc anctton to the high�t bidder at t6e time and place and nnder the terms dea�ignated in the noflce of sale in one or more parcels and in any order Trast� determines. Trusta may postpone sale of all or any parcel of the Property by public annonncement at the time asd place of any previously scheduled sale. Lender or its designee may purchase the Properly at any sale. Upon r�eipt of payment of the prlce bid, Troatee ahsll deliver to the pnrchaser Trastee's deed conveylog the Property. T6e recitals in the Trastee's deed shall be prima fade evldence of the trath of tite atatements made themin. Trustce shall apply the proceeds of the sale in the foIlowing order: (a) to all costs and eapenses of eaercising the power of sale, and the sale, inciuding the payment of the Trustee's fees actaaIly incarred and reasonable attorneys' fees as permitted by appflcable lew; (b) to all sams secnred by this Securlty Instrament; and (c) any eaceas to the peraon or persons legally enHUed to it If the Lender's interest in this Secarlty Instrument is held by the Secretary and the Secretary reqaires immedfate payment in fnll under paragraph 9, the �ecretary may invoke the nonJndicial power of eale provided in the Single Family Mortgage Foreclosure Act of 1994 ("AcN� (12 U.S.C. 3751 et s a.) by requesdng a foreclosure commissloaer designated under the Act to commence foreclosare and to aeD the Property as provided in the Ac� Nothing in the preceding aentence shall deprlve the Secretary of any rights otherwlse available to a Lender nnder tLis paragraph 18 or applicable law. 19. R�onveyance. Upon payment of all sums seciued by this Security Instrument, Lender shall request Trusta to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt sec�ued by Uvs Security Instrument to Trustee. Trustee sball recanvey the Property without warranty to the person or persons legally entitled to it Such person or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a tUird party (such as the Trustee) for services rendered and the charging of the fee is permitted under applicable law. 20. Snbsdtate Trast�. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to any Trustee apgointed hereunder by an instrument recorded in the county in wlrich Uvs Security Instnmment is recorded. Without conveyance of the Praperiy, the successor trtistee shall succeed to all the title, powet and duries conferred upon Trustee herein and by applicable law. 21. Reqaat for Notices. Horrower requests that copies of the notice of default and sale be sent to Borrower's addres,s which is the Property address. 2Z. Ridere to this Secnrity Inatrument If one or more riders are eacecuted by Bonower and recorded together with this Security Instrument, the cavenants of each such rider shall be incorporated into and shall amend aad supplement the covenants and agreemeats of Uvs Security Instriunent as if the ridei(s) were a part of this Security Instrument [Check applicable box(es)] � Condominium Rider � Graduated Payment Rider � Growing Equity Rider � Planned Unit Development Rider � Adjustable Rate Rider � Rehabilitafion Loan Rider � Non-Owner Occupancy Rider � Other [SPecifYl FHA N�RA3KA D� OF TRUST - MERS p�eg/� � NmOTZ:FHA 10/27/71 Page 5 of 7 www,doonagk.wm �I�I�II��ll�ll�ll�l��llll�llll�lu W