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2� 1 ���7�4 <br /> 22. Capita�ized Terms. Capita�lzed terms not defined in this Security Instrument shall have the meanings ascribed <br /> to th�m in the Laan Agreement <br /> N�N-U1�1IF�RM C�VENANTS. Borrower and Lender further co�enant and agree as faltaws: <br /> 23. Assignm�nt of�tents. Borrower u�ncanditianai�y assigns and transfers to Lender al1 the rents and re�enues�f <br /> the Propert�. Borrower authorizes Lender or Lender's agents to collect the rents and re�enues and hereby directs <br /> each tenant of the Property ta pay the rents to Lender or Lender's agents. Hovvever, prior �a Lender's notice to <br /> B�rrovr�er a�Barrower's breach of any�ovenant or agre�ment in t�e Security Instrument,Borrovver shall collect and <br /> recei�e all re�ts and re�enues of the Fraperty as trustee far the benefit of Lender and Borrower. This assignment of <br /> r�nts constitutes an absolute assignment and not an assignment for additional security only. <br /> If Lender giWes notice of breach t� Borrower: �a} a1l r�nts received by Borr�we� shall be he�d by Barr��v�r as <br /> Trustee far benefit of�ender o�n�y,to be applied to the sums secured by this Security Instrurnent;�b}Lender shall be <br /> entitl�d�o callec�and receive al� of the rents of the Property; and �c� each tenant❑f the Property sha�I pay a11 rents <br /> due and unpaid to Lender ar Lender's agent on Lender's written deman�to the tenant. <br /> Borrower has not executed any prior ass�gnment of the rents and has not and wi�l na# perf�rm any act that wfluld <br /> pre�ent Lender fr�m exercising�ts r�ghts under this Paragraph 23. <br /> Lender shall not be required to en�er upon, take control of or maintain the Property befflre or after gi�ing notice of <br /> hreach to Sorr4wer.Howe�ver,Len�er o�a 3udicia�l�ap�oiflted rec�iver ma�do sa at any time there is a breach.Any <br /> app��catian of rents shall nat cure or wai�e any default or in�alidate any ather right or remedy of Lender. This <br /> assignment af rents of the Praperty shall term inate when�he debt secured by this Security Ins�rument is paid in full. <br /> 24. Foreclosure Procedure. If Lender requires irnmediate payment in full under Paragraph �4,Lender rnay <br /> in�ok� the pawer of sale and any other rem�dies permitted by app�icable law. Lender shal� be entitled to <br /> callect al1 e�penses �ncurr�d in pur5uing the remedies pro��ded in this Paragraph 24, including, bu�t not <br /> limited to,reasanable attorneys'fees and cnsts of title e�idence. <br /> If the povr�er of sale i5 invoked,Trustee ShaII record a notice of defauit in each county in which any part af the <br /> Property is located and shali mai� copies of such n�tice �n the manner prescribed �y applicable law to <br /> Borrower and #o Ehe other persons prescrib�d �y appli�able law. After the time required by applicable law, <br /> Trustee shall gi�e public notic� of sale to the persons and in the manner prescri�ed by applicable law. <br /> Trustee, withaut demand on Borrow�r, shati seii the Property at public auction to the highest�i�der at the <br /> time and place and under the terzns designated in the nfltice�f sal�e in ane ar m�re par�els and in any arder <br /> Trustee determines,Trustee may po5tpone sa�e of all o�any parcel of the Property by pub�ic announcement <br /> at the time and pla�� �f any �revious�y schQduted sale. Len��r or i�s design�e may purchase the Praperty at <br /> any 5ale. <br /> UQon receipt af payment of the price bid,Trust�e sha���etz��r ta the purchas�r Trustee's dee�cnn�eying the <br /> Property.The recitals in the Trustee's deed shall he prima facie e�idence of the truth of the statements made <br /> there�n. Trustee 5ha11 apply the proceeds of the sale in the following arder: �a� to all �osts and expenses of <br /> �xercis�ng the power of sa�e, and the sale, including the payment of the Trustee� fe�s actually �ncurr�d an� <br /> reasonable attorneys' fees as permitted by applicable law; �b} to ai� 5ums secured �ay this Security <br /> Ins�rument;and(c}any exce5s ta the person or per�onS legally entitle��v it. <br /> 25. Lien Priority. The fut�amount secured hy this Security Instrument shal�ha�e the same priority o�er any other <br /> �ne Re�erse Mortgage,LI.0 Loan 4riginatar:Tiffany Da�is <br /> Company-NML5#:2D52-L�an Number;33498$25�3 Lvan�riganatar N�I�ILS#:753�.81 <br /> �ebraslu�-Is'�E�.S Secr�r�ity�nstrument(Adjustable� page 9 af 1� ��ay Docs,LLC 43I�112�15 <br /> q�3349882a�3 �233 �'15 �91� <br />