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�`�e �OR�� 2p120439� �p120420i reu�statement will greclude foreclasure on different grounds in the future, or (in) reinstatement will adversely affect the priority of the lien created by this Security Instrumen� 11. Borrower Not Released; Forbearance By Lender Not a Waiver. Fxtension of the time of payment or modification of amortizarion of the sums securedby this Securit� Instrument granted by Lender W any successor in interest of Borrower sha11 nat aperate to release the liability of the on��a1 Borrower or Borrower's successor in interest. Lender shall no be required to commence �ro�dmgs agams� anY successor in i�erest or refuse to ea�nd time for payment or otherwise moclify amoitization of the sums secured by d►is Security Instrument by reason of any demand made by the original Borrower or Barrower's successors in interest Any forbearance by Lender in exercising any right ar remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Boand; Joint and S�vveral Liability; Co-signers. The covenants and agreement� of this Security Instavment shall bind and beaefit the suxessors and assigns of Lender end Borrower, subject w the provisions of P gh 9{b). Borrower's covenants and agreements shaU be joint and several. Any Bortower who co-sigas th�Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mort$age, gtant and convey that Boaower's interest in t6e Pro� under the terms of this Security Iastrumen� (b) is not pe�sonally abligated to pay the sums secured by th�s S�urity Instrument; and (c) agees that Lender end any other Borrower may agree to extencl, m�ify, forbear or make any accommodations with regard to the taim of this Security Instrument or the Note v�nthout that Borrower's consent. 13. Notices. Any norice to Borrower provided for in this Security Insuument shall be given by delivering it orby nailing it by fnst class mail unless applicable law requu�es use of another meffiod. The notice shall be directed to the Proper Address or any other addre.ss Boaower designates by notice to Lender. Any notice to Lender shall be given by first cless mail to Lender's address stated herem ar azty address Lender designates by notice to Borrower. Any aotice provided for in this Security Instrument shall be deemed to have been g'rven to Borrower or Lender when �iven as provided 'm this paragraph. 14. Governin� Law; Severability. This Secimty Instrument shall be govemed by Federal law and the law of the jurisdictxon in which the Property is located. In the event that any provision ar clause of this Security Instrume� or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instivment or the Note which can be given effect without the conflictuig provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Boaower shall be given one cronformed copy of �e Note and of this Security Inslrument. 16. Aa�ardons Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Ha7ardous Substances on or in the Property. Borrower sha11 not do, n�r allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or sforage on the Property of small quantities of Ha�rdous Substances that are generally recogniz�d to be apprognate to normal residential uses and to maintenance of the Property. Borrower shaU promptlyg�ve Landar written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pariy mvolvu►g the Property and any Hazardous Substance or Environmental Law of wWch Borrower has actual laiowledge. If Boaower learns, or is notified by any govemmental ar reg�latory authority, that any removal or other reme,�ion of any Hazardous Substances affecti�►g the Property is necessary, Boaower shall promptly take aU necessary remedial actions in accordance with Environmental I.aw. As used 'm this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Eaivironmental Law and the following substanc�s: gasoline, kemsene, other flacnmable or toxic peiroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactiva materials. As used in the paragixph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate W health, safety or environmental protection. NON-iJNIFORM COVEATANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigas and transfers to Lender all the rents and revenues of the Properhy. Borrower authori�s Lender or Lenciea's agents to collect the re�s and revenues and hereby directs each tenant of the Pro�riy ta pay the rents to Lender ar Lendet's agent4. However, prior to Lender's notice to Borrower of Botrower's breach of any covenaut or agreement in the Sec�uity Inslrument, Borrower shall collect and receive all ronts and revenues of the Property as trustee for the benefft of Lender and Boaower. This a�sigament of re�rts constit�es an absolute assignment and not an assignment for additional securit� only. If Lender gives notice of breach to Borrower: (a) a11 rents recaived by Borrower shall be held by Borrowar as trustee for benefit of Lender only, to be applied to the sums s�ured by the Security Instrument; {b) Lender shall be enritled to collect and receive a11 of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to I.ender or Lender's agent on Lender°s written demand to the tenant . . Borrower has not executed any prior assignment of the rents and has not and will not �rform a�+ act that would prevent Lender from exerc�smg its rights uader this Para�raph 17. Lender shall not be required to enter upon, take control of or mamtain ffie Property bafore or after giving norice of breach W Borrower. However, Lender or a judicially appointed receiver may do so at any time thera is a breach. Any a�plic�tion of rents shall not cure or warve any default or invalidate any other right or remedy of Lender. This assignme� of rents of the Praperiy shall terminata when the debt secured by the Security Instrument is paid in full. 1$. For�losure Proc�ure. If Lerider requires immediate payment in full ander Paragraph 9, I.ender may invoke the power of �1e and any other rem�ies permitted by AppUcable Law. Lender shall be entitled to collect all egpenses incnrred in pursuing the remedi� provide� in this Section 18, inclading, bat not limited to, reasonable attorneys' fe� and costs of tiUe evidence. If the power of sale is invoked, Trastee shaU record a notice oi defaalt in esc6 county in whicb any part of the Property � located and shall mail copies of such notice in the manner prescribed by Applicable Law to Borruwer and to the other persons prescrlbed by Appllcable Law. After the time reqaired by Applicable Lew, Trustee shall give pablic notice oi sale to the persons and in the manner prescribed by Ap Hcable Law. Trastee, w�lthout demand on Borrower, shall sell the Property at public suction to the hi�i�t bidder at the time and place and under tha terms de.sign�ted in the notice of ssle in one or more parcels and in any order Trastce determines. Trustee may postpone sale of all or any parcel of the Property by public annonncement at the time and place of any prevlously scheduled sale. Lender or its designce may pnrchase the Properiy at any sale. 16256.CV (9/11) 0115035 FHA Nabrealw Deed of Tn�st MF.RS Page 4 of S GOTO(007c864� U"C�- �" V