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201500161 <br /> Security Instrument,Borrower shall collect and receive all rents and revenues of the Property as trustee <br /> for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and <br /> not an assignment for additional security only. <br /> If Lender gives notice of breach to Borrower: (a)all rents received by�orrower shall be held by <br /> Borrower as trustee for benefit of Lender only,to be applied to the sums secured by this Security <br /> Instrument;(b)Lender shall be entitled to collect and receive all of the rents of the Property; and(c) <br /> each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's <br /> written demand to the tenant. <br /> Borrower has not executed any prior assignment of the rents and has not and will not perform any act <br /> that would prevent Lender from exercising its rights under this Paragraph 20. <br /> Lender shall not be required to enter upon,take control of or maintain the Property before or after giving <br /> notice of breach to Borrower. However,Lender or a judicially appointed receiver may do so at any time <br /> there is a breach.Any application of rents shall not cure or waive any default or invalidate any other <br /> right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt <br /> secured by this Security Instrument is paid in full. <br /> 21. Foreclosure Procedure. If Lender requires immediate payment-in-f�all under Paragraph 10, <br /> Lender may invoke the power of sale and any other remedies permittecl by applicable law. Lender <br /> shall be entitled to collect all expenses incurred in pursuing the remedies provided in this <br /> Paragraph 21,including, but not limited to, reasonable attorneys' fees and costs of title evidence. <br /> If the power of sale is invoked,Trustee shall record a notice of defaa�lt in each county in which <br /> any part of the Property is located and shall mail copies of such notice in the manner prescribed <br /> by applicable law to Borrower and to the other persons prescribed by applicable law. After the <br /> time required by applicable law,Trustee shall give public notice of sale to the persons and in the <br /> manner prescribed by applicable law. Trustee,without dernand on�orrower,shall sell the <br /> Property at public auction to the highest bidder at the time and place and under the terms <br /> designated in the notice of sale in one or more parcels and in aaay orcler Trustee determines. <br /> Trustee may postpone sale of all or any parcel of the Property by public announcement at the <br /> time and place of any previously scheduled sale. Lender or its designee may purchase the <br /> Property at any sale. <br /> Upon receipt of payment of the price bid,Trustee shall deliver to the purchaser Trustee's deed <br /> conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the <br /> truth of the statements made therein. Trustee shall apply the pa-oceeds of the sale in the following <br /> order: (a)to all costs and egpenses of exercising the power of sale,and the sale,including the <br /> payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by <br /> applicable law; (b)to all sums secured by this Security Instruanent9 and (c)any excess to the <br /> person or persons legally entitled to it. <br /> 22. Lien Priority.The full amount secured by this Security Instrument shali have the same priority over <br /> any other liens on the Properly as if the full amount had been disbursed on the date the initial <br /> disbursement was made,regardless of the actual date of any disbursement. The amount secured by this <br /> Security Instrument shall include all direct payments by Lender to Borrower and all other loan advances <br /> permitted by this Security Instrument for any purpose. This lien priarity shall apply notwithstanding any <br /> State constitution,law or regulation,except that this lien priority shall not affect the priority of any liens <br /> Page 9 of 13 HECM First Deed Of Trust-2014 <br />