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<br /> '�{�' ' � 12. SuccQSSOra and Assl�;ns Bound; Jofnt and Several Llability; CaSigne��. The cavenantF and ngreerrtents af tMa -
<br /> .y Security Insteument Rhall hind und benefit tl�e sucees�ar�und ussigns af I.ender and Borrower, subJect to the pravlsions of
<br /> � - •.•< .;,,;�.: paragrnph 9.b. Bormwer's cuvenants artd aBreements shap be Jaint and �everaL Any Borrower who co•xfsns thiR Securiry
<br /> ::.; Instrument but does not execute the Note: (a) is casignfng this 5ecurity instrument onty to mortgage.grnnt and wnvcy that
<br /> y�,�,•;,'�,'�, Bonowcr's intereat in the Property under thc terms of thia Secudty Instrument: (b)js not personn(ly oblig�tcd ta puy the sums �,�=-q
<br /> "x".'� ' � securcd by this Secur�ty Instrument;tt�d(c)ag�es that I.ender and any other Borrower muy egrcc ta cxtend,modify.farbeotr or �- -__--"�--- -
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<br /> , .. �.;.,;,F.��r:.,; .ti, make any accommodations with regard to the terms of this Security Instrument ar the Note withaut thut Barrower'A consent. _�.__==--•
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<br />- ' ° ' ` �"'� .`� 13.Nottces.Any notice to Borrower provtded for in this Secudty instrument shall be given by dellvering it or by mailfng '� ��:.�=-��
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<br /> � '� it by firat cl�.5s mail unless applIcable law requires use af anather method.The natice shull bc directed to the Property Addresa • �rfJr:�.����
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<br /> ��� � , or any other address Sorrower designates by natice to i.ender. Any n�tice ta 1.ender shall be gtven by first class mail to �• ����"`.=�;�-----
<br /> �. *r� Lender's address stated herein or an address I.ender desi aates b natice to Borrower.An notice rovided for in this Securit - �`' � ������`
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<br /> :+' '�; Instrument shall be deemed tohave becn given to Borrower or Lendcr when given as provided in this puragraph. � �`���•` '��.-��•-_
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<br /> 14. Governin Law; Severabiltt . This Securit Instrument shall be overned b federal law and thc law of the �' "'':�';+
<br /> l� ' ju�isdtcttan in which the Property is lo ated. In the event that any provision o c lause of this Securjry Instrument or the Note , • ���^
<br /> . ' �U.,:
<br /> a �''+� � confltcts wlth applicable lew.such conflict shaU not affect other provisions of this SecurIty Instrument ar the Note which cun be .`: �`p�y�"y'�':
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<br /> .. --. _�-. gf:•e.^.eff^..::::•Ithcut tl:��r.fll:tin�pra�isian. ra thf; cad ihc pro�3s:ars of ihi;;:.:.u�ty Instn:me.^.t�nc!tre*Iate sre declsr:c! -,..-,:`.���'.,-
<br /> . '. to be severuble. . ' . . ', :k'��
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<br /> , I5.Borrower's Copy. Borrower shutl be given ane conformed copy af this Security Instrument. -� "�..'�';.:::
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<br /> 16. A.s.cignment af Renls. Bo�rower unconditionally aysigns and transfers to Lender all the rents and revenues of the ��;';~��"`
<br /> ,• .. Property.Bonower authorizes Lender or L.ender's agents to collect the rents and revenues and hereby directs each tenant af the - .. "?��=��'�=`
<br /> Property to pay the rents to I.ender or L.ender's agents. However,prior to L.ender's notice to Borrower of Botrower's breach of ,. ' `.'��-
<br /> � any crnenant or agreement in ihe 5ecurity instrument. Borrawer shall coUect and receive uU rems and revenues of the Property Y . '�'��^
<br /> as trustee for the benefit of Le�xler and Borrower. This assignment of rents constitutes an absalute assignment nnd not an Y =--- _
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<br /> <; . assignment for udditional security only. ' ' ' ;%.-
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<br /> . If Lxnder gives notice e�f hreuch to Borrower: (a)all rents received by &�rrower shall be held by Aorrower uti trutite� fur `•- • �
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<br /> benefit of I.endcr only, to be applied tu the tium�.ecured by thc Securiry D�strument; (b)Lender shaU bc entided to collect and �
<br /> receive all of the rents of the Property: and (c)each tenant of the Pm�rrty tihall pay all rents due and unpuid to Lender or ' �. �'
<br /> L.endcr's a�ent an L.ender's written dcmund to the tenunt, � s
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<br /> '� � Borrower ha+ not executai any prior ustiignment of thc rents und has not and will not perform uny uct that wnuld prevent ° �'�,'� �
<br /> L.ender from exercising its rightti under this purugruph 16. �i� ��
<br /> Lender shull not be required to enter upcm,tukc rontrol of or maintain the Pmperty t►efore or ufter giving notice af breach �,ti
<br /> to Borrower. However, Lendcr e�r a judiri:►ily appoint�d rereiver muy do so ut any time there is u breuch. Any applicatian of `y "
<br /> " rents shnll not cure or waive uny defuult ��r invulidutc.uiy uther right ur remedy of Lendcr. This ussignrnent of rents of the a.sr.-t '
<br />`` Property shull terminute when ihr debt s�cured by thc Sccurity in+trmncnt is puid in full. ';,��.,,,,,,D"
<br /> ' ' • ' NON•UNIFORM COVFNANTS.Burrower and Lender fu�thrr covenunt and agree ati ti�lluw�: ,;,��,.� ��'�
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<br /> 17.Foreclosure Prcreedurc.If Lendrr requtrcw innncdiute puyment in full under puru�ruph 9.Ixnder mey invoke the , '
<br /> power of sule and uny other remedieti permitted !�y applirable la�t•. I.ender shull be entitled to collect all expense.s ;.` -
<br /> incurrect in purtiuina thc rernedt��under thix puru�;ruph t7, includin�, but not limited to. reasoneble ettorneys'fees and . � �
<br /> „ costs of tttic evidcncc. ' , `_
<br /> If thc po«•cr of tialc iti inc��k��d, Truzt�r .r•hull r�YOrd u notict ��f dcFuult in cuch county In which any part of thc " �
<br /> � Property is incaicd and shall mutl ropi�w of such nuticc in thc munncr pr��rribed b�� upplicublc la�r to Qorma•er and ro .•
<br /> ` the other pertion►prezcrilx�d b��upplicable lu�c.After the timc rcyuired By appticubk lue, 'frust�K til�all Five puBlir notice '
<br /> of rule to thc persnm and in th:�munncr pr�wc�ibcd b� i�pplicuhlc lu�c. Truxtcc. �cithaut dcmund nn Iinrro���cr.shaU scll
<br /> thc Property ut publtr uucti�x� to thc hi�h�wt biddrr ut thc timc und plucc und undcr thc tcrmti dcsi�nutcd in thc notice of
<br /> , , tiule tn one or more parccl�and in anc order'1'rust�w determin�w. 7'ru�ttw nu�y �H►+tponc��dc of'ull ur unc purccl ot thc
<br /> , Properh• by� puhltc unnaunce�ncnt ut thc timc und placc of'um prc�iou�l� tichcduled u�le. Lendcr or its desi�nee mey
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<br /> � purchu�c thc Propertv at un�sale.
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