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<br /> — — 12.Succewon�ad Aaip�Bound;Joint�nd Several Liabilil�y;Co-Sijner�.'I'he covenantsand��roema►t�ot
<br /> tt►ls Seaurity intrurt►ent ilull bjnd and benetit the wcwe�on and wi�a ot l.atiddr ind Borrower, �ubjoct ta the
<br /> provieions oi pra�ph 9.b.BorroMee'e covaunta and a ments rhall be jolnt�nd�everal.Any Horrower who ca-si�ne
<br /> — thie Security Inetrument but dues not eYxute the Nota. �)it oo��nin�thls Securlty Inetrument onl to mort�a�e,�nt
<br /> _ _ and wnvey thit Borrover'e interat in the Property under the tes'm�ot thi�Security Insuument;�b) ie nat penansily
<br /> oblt�ted to pay the sume eocurod by thie Security Inetrument;�nd(c)�Qreee ttut I.endet�nd�ny other Borrower m�y
<br /> ` a�ree to eYtend,madify,[orbesr or malce any woommadatioru�vith re�ard to the terms of this Seourity Ineuument or
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<br /> the Note Mithout thtt HorroMer'�voroent.
<br /> " 13. Notiow.My n�tica w Borrowor provtdod tor in this Sacudty lnstrument�hall bo�iven by deliverin�it or by '
<br /> ':'==�-��°,.r;±� m�ilin�it by first cl�ss m�ll unlaes�ppItcabte!aM raquiroe uee oi anothor method.The nottce shall be dir�+ected to thn
<br /> �;?�� Prop�rty Addt�ese ar�ny other�ddteas Borrower deet�utas by natioo to Lender.Any notice to I.er�der�II be Qiven by
<br /> • �•�• tirst clase mail to Lander'8 addresa stated herein or any iddraes Lender deai�nates by notice to Bomower. Any nutico
<br /> -- _��c�y�� provided for in this Security Inatrument siull be deamed w hsve been �iven to BorroMer or I.ender Nhen �iven as
<br /> _. . ^;�...:.�h�� provided in this pan�raph.
<br /> ��`��� 14. Oovernin=I.a�v;5everability.This Secur�ty Instrument stull be�overned by fedenl law and the law of the
<br /> �;;„' � jurisdiction in which the Property ie loc�ted.In the event that sny provision or clause of this Security Instrument or the
<br /> '=-_���.�___i���,, Nou con{ltcta aith�pplicable I�w,suah contltct shall not atixt otha provisions of this Security Inatrumcnt or the Nou
<br /> - —��� which c�n bo�iven etfect without the conflictinQ providon.To thisend the provisions of this Securtty Inatrument and the
<br /> �� t`�'��'"3. °, Note sre declated w be aeverable. !
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<br /> �;,y L'��p��.y..�� 1'-•" IS.Borrower'a Copy.Horrower sh�ll be�iven one contornaad copy ot thia Security Instrument. -� - -
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<br /> �`� � 16. Assi�ameat of Reata. Borrower unconditionilly assi�ns and uanetera to I,enda sll the rente and rovenues of
<br /> } the Property. Bonower suthoriies Lender or I.ender's a�ents to collect the renta and revenues and heroby dinxts each
<br /> ':°� �'"• •�- - �� '-Y"`' tensni of the Property to piy the rents to Lender ar Lender's a�enis.However,prior w Lender's notice to Bo�cower of
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<br /> '�'" ' Borrower's breach of any covenint or a�roement in the Security Instrument,Borrower shall collect and receive aU rente
<br /> ' ��i'' `' and revenues ot the Praperty as trustee for the benefit of L.e�nder and Bornoaer.Thie�sei�nment of r�nts constitute�an
<br /> �-:�:-��� - •• '' .':, .; abeolute assignment and not an�ssignment for additional aocurlty only.
<br /> � It I.cnder�ives notice of bteach to Borrower.(a)all renta ra:eivai by Borrower shsll be hetd by Borrower as trustee
<br /> ��..,ti.,_�.: ,,, _�_.'" for beneiit of Lender only.to be applied to the suma sxured by tbe Secunty Instrument;(b) Lender ahall be entitled to
<br /> collect snd recetve all ot the rents of the Property;and(c)each tenant of the Property shdl pay�ll rents due and unpaid to
<br /> �- Lmder or L:�der's a�en!on Lenarr'�wrin��i�mend r�the trn�R*. _ __
<br /> � '., Aorrower has not executed any prior assi�nment of the rents ind hae not and will not pert�rm�ny act that aould
<br /> prevent I.ender from exurcisin�its rights under this p�ragraph 16.
<br /> � . Lender shall not be required to enter upon,take control of or maintain the Property beiore or after giving notice of
<br /> I . brrach to Borrower.However,I,ender or a judicielly appointod roceiver may do so at any time there is a breach. Any �__
<br /> �" application of rents shall not cuce or waive any default or invalidoteany other right or remedy of I.ender.This assienment F::.-'
<br /> ' ;��� ,; of rente oi the Propecty ahe11 term inate when the debt secured by the Security instrument is paid in full.
<br /> NON-UNIFORM COVENANTS.Borrower and Lender furthercovensnt and agree as follows:
<br /> "••�wt � ' � "' 17.Foreclosur�Procedure.If Lender requires immcdiate psyment ia full under p�ra�raph 9,I.eader may
<br /> ,� invofce the power of sale and sny other rem�dies permitt�d by applicable law. Lender shali be entitled to �;:-
<br /> collect all erpenses incurred in pursuing the remedies under this parsYaph 17, includin�,but aot limited to� �_
<br /> reasonable�ttoraeys'feesand coate of titleevideace. --
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<br /> If the power of sate is invoked�Ttustee shall record a nottc�of default in each county in which my part of �"��
<br /> the Property is lncated�nd shdl msil copies of such notice in the manner prescribed by applicable law to �`-�-
<br /> Borrower aad to t6e other persons prescribed by applicable law.After the tim�required by spplicable I:w, '--.
<br /> ' Trustee shal l�ive public notice of sale to the persons snd in t6e manner prescribed by appiicsble laK.Trustee, s
<br /> • ,p wit6out demtnd on Barrower.shall cell the Pro rt at ublic auction to the hi hest biddor at the time snd �
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<br /> • `• pl�ce and under t6e terms desl�aated in t6e notice oi sale in one or mor� parcals and in sny order Trustee ,. ,
<br /> " ., datermiaes. Trustee may poctpone sale of atl or any p�rcel of the Property by publ�c announcement st the
<br /> ,l �•.. � �;�' . ttma and place of�ny previously scheduled salo. Lender or its desi�nee may purch�se t6e Property at sny
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<br /> i� � �x• Upon receipt ot �rayment of the price bid, Trustee shall deliver to the purchaser Trustee's decd
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