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��15�47�9 8. Borrow�r's Right t� Reinstate. Bflrrower has na right ta reinstate the loan after Lender has accelerated the sums se�ured hereby. Lend�r may a�low B�rraw�r to reinstate the loan pro�iding that: (a} Borrawer pays Lender a�l sums which wauld be then due under this Se�urity Instrument and the Note had na acceleratian ocCurr�d; �b} Borrower cures al� breaches af an}� a�her Govenants or agreements of Barrvv�er c�ntained in this Security Instrument; �c� Borrower pays all reasonable expenses incurred by Lend�r and Trustee in enfarcing the �o�enants and agreements af Borr�w�r c�ntained in this 5ecurity Instrument, and in enfor�ing Lender's and Trustee's remedies as pro�ided in paragraph 7 thereof, including, but not lirnited to, reasonahl� attorneys' fees and expenses; and�d} B�rrower takes such acti�n as Lender may reasonably require to assure that the lien of this Security Instrument shall �antinue unimpaired. Upfln su�h payment and cure by Barrower,this Se�urity Instrument and the abligation secured her�by shal�remain in full forc�and effect as if no ac�e�eratian had accurred. �. Assignments �f Rents; Appo�ntment of Recei�er; Lender in Possession. As additionai security hereunder, Borrower hereby assigns ta Lender the rents of the Prvperty, pro�ided that Borrawer sha�l, prior to acceleration under Paragraph 7 hereof or abandanment �f�he Properry, ha�e the right to callect and retain su�h rent�as they become due and payable. Upan acceleration under paragraph 7 hereaf ar aband�nment af the Property,Lender,in person,by agent�r by judicially appointed rece��er shall be entitled to enter upon,take passession of and manage the Property and to �allect the r�nts of�h�Property including thase past due. All rents collec�ed by Lender or the receiWer shall be applied first to payment of the casts of management af the Praperty and collection rents, including,but not limited t�,recei�er's fees,premiums on recei�er's bands and reasonab�e at#orney's fees, and then to the sums seGur�d by this Security Instrument. Lender and the re�eiver sha�l be liable t� accaunt only for thos�rents actually recei�ed. lU, Release, Upan payment af all sums secured by this Security Instrument,L�nder shall release � this Security Instrument without charge to Borr�wer. Borrawer shall pay all costs of recarda�ian,if any. 11. Substitute Trustee. Lender, at its option and w2th or without cause, may from time to tirne rema�e Trus�ee and a�paint,by power❑f attorney or otherwise,a su�cessor trus�ee to any Trustee appainted hereunder. Without can�eyan�e af the Praperty, the suc�ess�r trus�ee shall succeed to all the title, pow�r and duties conferred upon Tru�tee here�n and�y appiicable law. 1�. Subrogation. Any of�he prviceed�af the 1�Tate used ta take up outstanding liens a�ainst all or any part of th�Property have been ad�anced by Lender at B�rrower's request and upon Borrower's r�presentation tha�such amount�are due and are secured by�alid liens against�he Property, Lender shall be subrogated to an� and all rights, superiar titles, liens and eyuities owed or claime��y any owner❑r holder of any owner or ho��r of any outstanding liens and debts, �egardless of whether said liens or debt� are acquired by Lender by assignments or are reteased by the haider�hereaf upon payment. 13. Partial �n�alidity. In e�ent any portion af the sum� intended to be se�ured by �his Security Inst�-ument cannot be lawfully secured hereby, payments in reduction of such sums shali be applied first to thflse por�ivns nat secured hereby. In the e�ent�hat any appli�able law limiting the amnunt�f interest or other charges permitted ta be�allected is interpre�ed so that any charge pra�ided f�r in this Security Instrument Qr in the Note, whether considered separately or tagether with other charges that are considered a part �f this 5�curity Instrument and Note transactian, �ialates such law by reasan, such charge is hereby ' reduced t� the extent necessary tv eliminate such �iolation. Th� amounts af such interest vr other charges pre��ausl� paid to Lender in excess af the amounts permitted by applicable law shall be applied by Iender to r�duce the principai of the indebtedness e�iden�ed by the Nate,or,at Lender's optian,be refunded. Page 4 flf 7 Initial