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<br /> . ��']�i 12. Succe�ora�nd Aai�nr Baundi Jdat aad SeverAl Llabllltyi Co-Sl�e�w. The coveiwntn Ynd u�reementr uf�hir
<br /> —• " Socurfty Inctrument �twll binJ �ncl [�nefit the cur,�cwfor� �ml iuci�rw oP Lender wnd Burrnwer. rubJcct ta �ho prnvf�iun�of
<br /> pnrxx�raph 9.b. Bormwor's cavcrwnlw anrl aprxments rhall bo j�int wwl ReverAl. Any Barmwcr who co-�i� this Secudty
<br /> - � � Inalrumcnt bul docs�xN eaxulc Iho N�te: lwl i�co-slgnin� �hiw Secur{ty Inatrument nnly to mortg�gc, grant pnd convey that --
<br /> ' 8nnawer's interc�t in the Pmperty uixler Ihe�ern�r of thiK 4ecurlty Inwtrun�ent;lb)is nM penonally obligotal tu p�y lhe�umr __
<br /> :��'� __ eexurcd by IhiR Sc+�:urity instrument;anJ(c)ugrecx tiwt Lcnder and uny nther Bonnwer may u�rce lu catcnJ, mndify, fi�rbeur or
<br /> — —;= mpko any Acconu�xxl�tion�whh t�egard to the tem�s of thfa Securiry Instrument or the Nwe without thwt Borrower'�canrent.
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<br /> - — 13.Noticer.Any ootice to,�orrolvK prpxidod for in this Security Inslrument ehall be given by deliveriny�it or by mailing
<br /> it by flrat elass mail unlesa pppllcablo 4W roqufra use of another methad.Tha nodce shall be directed to Ihe Propeny Addresa
<br /> -'� or any othcr address Borrower desi�natcs by noticc ta l.ender. Any naUcc ta Lender shall be given by tir�t clwxs r.s�l1 to —
<br /> `�� Lender's addrcsa statad hercin ar any addrcas L.ender designale.c by natice to Bomuwer. Any notice provided for in thi�Security
<br /> �,�';y Inwrument rlwll be dxmed Io have bcen�iven to liornnwar or Lender when�iven ws provided in this parn�ruph.
<br /> -� -u� 14. �overNng I.s�w; 3everability. This Security Instrument ahall be govcrne<I by federal law und the Iaw of the �
<br /> ----_;.;Y� ju�isdiction M which the Property is located. In the event that Any pravisian or clause of thia Security Ins�rument or the Note
<br /> -- conflicta with applicable law,such conflict ahall nat aFfect other pmvisians of this Securily Insiniment or the Note which can be
<br /> `„^;� given effect wi�haut the canfllcting provfaian. To thi�end the provisions of this 5ecur�ty Insttumeat and the Note ure deciwre�
<br /> �f.� w be severnble. —
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<br />_ __ . _ ___. .. �� 1S.Borrower's Copy.Bormwer Qhall be given one rnnfor�t�copy of this Security Instrument. v
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<br /> � :-�.�`= � 16. AsaignmeM oP Rents. Borrower unconditionally ascigns and transfera to L.ender all the nents and tevenues of the
<br /> ----=`-=�'�`'� Property. Horrower authorizes Lender or Lender's agents to callect the rents and revenues and hereby direcls ench tenent of the �-
<br /> _ °��°�=.'t Propeny to pay the renta ta Lender or Lender's agents. However,priar to L.ender's notice to Borrower of Borrower's breach of
<br /> -=�''' - any covenant or agreement in the Security Instrument, &►rrower shall culiect and receive all rents and revenues of the Propeny —
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<br /> --- __;�,.:: as tnrstee for the benetit of L.ender and Borrawer. This assignmem of rents constitutes en absolute assignment sud not an
<br /> --°`� - - iwsiQnment for additional security only.
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<br /> --�,�• - If Lender gives notice of breach to Borrower: (a)all rents received by Borrawer shell be held by Borrower as trustee for
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<br /> - �'i�;'�'"^.�� benefit of Lender onl to 6e a lied to the sums secured b the Securit Instrumenr,(b)L.ender shall be entiUed to collect and =
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<br /> _____ ?� receive all of the rents of the Propeny; and (c)eACh tenant of the P�operty shall pay all rents due and unpaid to Lender or
<br /> ��;,��_ l,ender's agont on Lxnder's written demand to the tenant.
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<br /> -�� � "�' � Borrower hes not executed any prior u�ssignment of the rents and has not and will nat perform any act thet would prevent
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<br /> � .4 �-• �.•• . l.endcr from eaercising its rights under lhis pa�Agraph 16.
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<br /> . _ti,. , .��►s!�,� Lender shall not be required to enter upon,tuke con[rol ot'or muin[uin the Property before or nfter giving notice of breach _
<br /> �'L� } �r�-�,�`��.,-_ . to&irrower. Hnwe.ver, Lender or u judicially ap�inted receiver may do co�t�ny time there is a breach, Any upplication of �
<br /> ��V � ?� rents shull not.:ure or wuive ony defuult or invulidu�c uny other right or remedy of l.ender. This assignmem of rents of Ihe
<br /> ;;;,;�.-•~;''��-=���`�'"` Property shall termineta when the debt secured by the Security Ins�rumcnt is puid in full. �
<br /> ' � � + NON-UNIFORM COVENANTS.&►rrower and Lender funher covenant and ugree as followti: —
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<br /> °" � �`' 17.Foreclasure Procedure.I�Lender require.c immediate payment ln full under ps�ragruph 9.I.ender m�y invoke the :�
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<br />-�����'�:_� � powe� of isale and any other remedies permitted by applicable law. I.ender shall be entitled to rnllect all expei�ses �_:
<br /> __-��`.'��.�" `:°���•;_' Incurred in pursuing the remedks under this paregrnph 17, includinQ,but not limited to,rc�sonable attorneys'tee4 pnd
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<br /> _-:�::'� � cosfs oPtltle evidetrce. `'
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<br /> �;;;� �-"Tme"s'�� IP the power of sale is invoked, Trustee xh�ll r�rd a nnUre of def�ult in each couniy in whlch any part of the °-
<br /> -'��• � Propert� is I�ated and shall moil copicti of such notice in the manner prescribed by appllcable low•to Borrower ond to °
<br /> •-?`;:�_ ���� � the other pensoi�s prescrlbed by Applicable law.AfYer the time required by appUc�ble law,Tructee shnll give publlc notice �
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<br /> • _-� :�.��,.��.:. oP sale to the persons and in the manner prawcribed bv applicablc law.Tru.stce. without demand on Borrower, shall sell =_
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<br /> ,;.;;�:� ,���r,�{ ;7::� • the Property at publlc auctlon to the highetit Mddcr at the Ume und pluce und under the terms desiRnwted in the notice of ---
<br /> �"•:`' � a�?u•-x",'" sale in one or more parccls and in any nrder Trustee determines.TruxtNC may po�tpnne s�le of ull ar any parccl of the
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<br /> ° ,�� Property by public annauncement at the time and pluce of any previously scheduled !fale. Lender or its designee mey _
<br /> . purcluase the Property�t eny sale. —
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