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��1 5��7�4 Nvn-gorrowing Spause vvhen gi�en as proW�ded in this Paragraph 19. 2U.�averning Law; Severability. This Securi#y Instrument shal�be go�erned by Federal la�v and th� lavv af the jurisdic�ion in which the Property is located_In the e►vent that any pro�ision�r clause�f this Security lnstrument or the 5econd Note conflicts wi#h applicab�e�aw,such�onf��t shall not affect ather pra�isions of th�s Security Instrument or th�Se��nd Note which can he giWen effect without the c�nflicting provision. To this end the pro�isions of this Security Instrument and the Secand Note are dec l ared to be se�era6i e. 21.Borrvwer's�opy.Borrvw�r sha�l be gi�en one c�nformed cap�of the S�cond l�lote and this 5ecuri�y I nstrument. 22.Thirti-Party Beaefi�iary. Ex�ept as set forth in Paragraph 1 a�a}(ii)and anly for an Eligib�e ]�on-Borrowing Spause,this 5ecurity Instrurn�nt daes not and is not intended to�onfer any rights ar remedies upon any pers�n other#han�he parties Borrower agrees that it is not a third-party beneficiary to the G ontract af I ns urance between H U D and the h o 1 der af�he Fi rst N o�e. � �3.�apitalized Terms.Capitalized terrns not defined in thi�5ecurity Instrument sha�l ha�e the meanings ascrihed to them in the Loan Agreement. N�N-LTNIF�RM C�VEI�IANTS. Bflrrower and Lender c��enant and agree as fa�laws: 24.Assignment of Rents.B�rrawer un�ondi�ionally assigns and transfers to Lender all the rents and revenues of the Property.Bor�-ower authorizes Lender or Lender's agents�a Gollect the r�x�ts and re�enues and h�reby dire�ts each tenant of the Praper�y to pay th�r�nts to Lender ar Lender's agents. Howe�er,prrnr to Lender's natice to Borro�er�f Borrower's breach of any co�enant or agreeme�t in the Secu ri ty 1 nstrument,B�rrower shall co�1 ec�and rec�i We al l rents and re�enues of the Property as trustee for the henef�t of Lender and Borrower. Thts assignment af rents constitutes an absolute assignment and nat a assignm�nt for additional secur�ty on�y. If Lender g�ves nvtice�f breach to Borr�w�r:�a}all rents recei�ed�y Bvrrower shall be held�y Borrower as trustee far h�nefit af Lender only,to b�app�ied ta the sums secured by this 5ecurity Ipstrum�nt;(b}L�nder sha11 be entitled to callect and receiv�all of the rents of the Property;and(c� each tenant of th�Prop�rty shall pa�al�rents due and unpaid to Lender or Lender's agent an Lender's vvritten demand ta the tenant. Borrawer has nat executed any priar assignment af the rents and has not and will not perform any act that�ou1d pre�ent Lender frQrn exer�ising its rights under this Paragraph 2�,except as pr�vid�d in the First Secur�ty Instrument. Lender shall nat be required tn enter upon,tal�e control of or maintain the Property before ar after giving natice af breach ta Barrawer.How��er,Lender�r a judicial�y appointed recei�er may do so at any time there is a breach.Any applicati�n of rents shal�nvt cure or waive any default or in�a�idate any�ther right or remedy of Lender.This assignment of rents af the Property shal�terminate v�h�n the debt secured by this Security Instrument is paid in full. 25. FQreclosure Procedur�. If Lender requires irnmediate payment-in-full under Paragraph lU, Lender may in�oke th�pawer of sale and any�#her remedies permitted by applicahle law.Lender shall��ntitled to c�ile�t all egpenses ia�urred ia pursu�ag the rerne�ies provid�d in this Para�raph 25,includin�,hut n�t limited tn,reasvnable attorneys' fees and costs of�itle evidence. Page 9 af�3 HECM Second Deed Of Trast--2015