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<br /> ��., 1� .!�1 ���1� �[''.�M1'{:.r`S�11tlY�r.�.� .1+rJli�lll��i:�l°h3.tr •i�,.,�_.,�aSy.....=-. „t i�ri- _ ..s..�v r� ._ �o -Zf.:
<br /> '�. _ --_...W.. L. _" S -- _ _�__--- _ _ -
<br /> ritlfJr
<br /> , . . � 9�" so��„3� .�.
<br /> 1�.Succeaaar��ad Aea�l�as HotenB;Joiat aad Seva�rd Llability;Co-Si=nere.The covenante 8ad egramcnte o! --
<br />-� - tliIs Securlty Inatrumont ehall biad and banmfit the euccessare and a�oigne of Lender �d Borrower. eubjxt to the --
<br /> provi�IonP ot psrngraph 9.b,Borrower's cavonsnts snd e�reemonta ehalt be joint and Beveral.Any Horrowar who co sl�na
<br /> . _ = thte SeouriEy IAatrument but doce nnt eYeauu the 1Noto:ts)ie oo slgn3ng t�to Securlty Iugtrumont onl to mortga�s,grant
<br /> _ — and convdy that Homower'e intet�at in the Pro under the tarme oi this Soaurity Inetrumant;�b)Ie not por�sonelly
<br /> obli�atad W pay the eums eecut+ed by thie SacurHy�n�meas;and (c)8groea shst Laadar aad aay other Bon�oaer may
<br /> agree to extend�modifq�forbeac or make any accommodntioae wlth regard to the torme oi thls Seour�ty Inatsvmeat or
<br /> — - --- — theI�TotowIthouet�atBorrower'sconsent. �_--
<br /> 13. Noticee.Any aot�ce w Horroaar provIded for ia thie Seaurlty lnstrumesushall be gtven by daliverlag it or by
<br /> mailiag it by first alese meil nnlcss appliceble Isw requires use of aaother nnethod.The aottce slull be diroctad to the
<br /> � Ptoperty Address or any othor address Horrowor deslgaates by notice to Leader.Any notice to Leader etu�ll ba given by
<br /> f�ret alasa meil to L,ander'a addres�atated herein or euy addrese Lender designates by aotice w Borrowar.Any nodoe
<br /> - - - prov�dcd tor in this Securtty Instru�ent ehell be dcesmed to have been givan to Borrawe�or Lender when givcn as .
<br /> _ ���� provided tn this P&'aB�Ph• �
<br /> i.
<br /> 14, t�overnin=Law;Sovorability.'fhis Soowity tnc3trument eha11 ba govBraod by federal lae anrl ttie law af tho --
<br /> juriediction ia wbich tho Property is lacated.I�tho oveat that eay provistoa oT olause oi this Securitq Inauument at the —"
<br /> Note conilicts wlth agplicebt�s lnw�soch conilact ehall aot atioct other rovisioaa oi this Sxuritq Ineirument or tbe Note
<br /> p a
<br /> whtch caa ba givea�eitect wttlaout tho c�niltcting provieloa.To thls end the provisimna oi thie Securlty I�strumont ai�d the
<br /> Note ara dealared to be severabte. �_
<br /> ��' ,;" ;'s�� �:?t� � —
<br /> � .�,�� ,,�{� � 1 S.Honowar's Copy. Borrower shall be gtvea ona contormed capy of this Security Inswmeat. ' �
<br /> "�}+i,.•..11`�1::'.:. :::. , �
<br /> ;;�.',_:. �:�� � � ea:i:�.
<br /> - ' �;:::`��"'k�'+� 16.Aasigameat of Reuts. Borrnwsr uacoadittoaally aseI$as end transfers to Lender all the reats aad raveaues oi -
<br /> ,-,,.��'�'�"'�;�;';:,`.��•, tfha Property.Borrower authorizes Leader or Leader's ageata ta cotlect tha reats ead raveaues and heteby dire�ts eaah �r;:.
<br /> �^�F i•�,'�;,�y;�"r;;; tenent of tha Froperty w pay tha rente to Lec�der or Lender's agente.Hoaever,prIor to Lender's notica to Horrower of '_�'!'+-
<br /> � .�:
<br /> � �?�'"�`�:- •� Horroa4r's breach of aay covenant or agreement in the Se�urity Instivmeat,Borrower shall collect and receive ell renta --
<br /> .',�`Ff'':�:;.�"':�:�:=.. and revenues of the Pcoperty►as trustee for the benofit oi Leader aad Borrower.Thie assigament oi rente coastitutes aa "�'�"
<br /> •z`.:.':�. . '� , .'r abeolute aseigament aad not an eseIgnment for additional security only. �:�-
<br /> ti�r:..'�' �-'• ;;��� —
<br /> �f.,- � �. • Ii Lender gIves aotica of breach to Bosrower.(a)all rente received by Borrower ahall be held by Borrower as truatee w.�-==
<br /> { ��r'''.; r �or benefit of Leader only.to ba applicd to the sume se�ured by tha Securfty Instrumeat;(b)I,ender shall ba entiiled to °
<br /> :� . �-°:
<br /> - r.�lle.^.t ead recsive a!!Qi ihs rent�of the PropRsty;an�(c}e��h trnan*of±hR Pro�rtp�h911�y e]!rent$�Lu,en���n�id tn � �-
<br /> ,�,*f'` � , ;- Leader or Leader's agei�t oa I.ender's wrItten demaad to the tsneut. e --
<br /> r,�5,,,�tr '��� �� Aorrower hea aot executed any prIor assigament of the rents and has nat and will aot pertorm any aot that would �` -�
<br /> . ; ,, .,,� � ':�;;i<,°�� � prevent T.eader irom esercieing ita righte under this P�'88�Ph 16. .�.�s:
<br /> ' ' '�`�i` ' Lender sheU not ba required to enter upon,take coatrol of or meiatata the Pmperty befora or a�ter�Iving aotice of
<br /> ��. . •�,. `��.;,,�. . �
<br /> :l . •�� -,iv�;��.�, • ' �.�.r.
<br /> :��� �, breach to Borrower,However,I.ender or a judicielly appoiated receiver may do so at aay time there is a breaah.Any
<br /> ���� epplication of rents ehell aot cura or waive any default or invalidate any otl�er right or remedq of Lender.This essigameat
<br /> ^:., , .�',.,_ : ;:.,..' . : .: �
<br /> ,'�;,F'1'..,,,f�-`;i:.. >:: of teata of the Ptopertq ehall termiaate when the debt secured bp tho Socurltq Inetrumeat is paid in full. .
<br /> � �� - ���•: I�TON-IJNIFORM COVBNANTS.Borrower and Lender further covesiant end agree ea followa:
<br /> :�`, �
<br /> �� �- � 17.Poreelosure Procedure.If X.eader requires{mmediate p�y ment�n full uader paragraph 9�Leader may
<br /> ��'�:°r��>�;���:�:;.: .., iavoke the ower o4 eala aad any other remedies eru�itted b a lic�ble Inw. Lendar ehall be eatitled to
<br /> �J�.,-i,-.;-:'�:_'.;;'. • •-
<br /> ,T� � Y� coltect all e ppes�s�s incurced in pursuiag the reme dies un der t his pirpagrap h 1 7�i nc lu d iag,bot not l imtte d to,
<br /> �'a���� ,'` '•:�';;'���1,:', re�soa�blo sttoraeqa'fees and costa of 4itle evidenee. .
<br /> ''•''��t;'�'� ' If the power of eale ie invoked.Ttnatee ahall record a aotice of deiault in each couaty in which aay part of •
<br /> �''�°��� � the Proporty is locsted oad shall m4i1 coples of such aotice ia the manaer prescribed by npplicable law to
<br /> . ,�
<br /> , Borrowar aad to the other persoas preseribed by applicable law_ Aiter the time required by applicable law� �
<br /> _ Y• ,p.;: ; Trustee shall givo publtc notico oi asle to the parsons aad in the maanar ptescribed by applicable law.Tre�stee�
<br /> ��,� �,,:, wtthout demand oa Borrower.shall sell the Property at public euctioa to the highest bidder at the time nad
<br /> ���� plico aad under the ter:ns dasignated ia the aoticx of sale ia one or nnore parcale and in eay ordar Trvstee
<br /> ' �"����' � " dotermiaos.Trustee may poatpoae sale of el!or aay parcel of the Property by public aanouacement at the
<br /> �:." time and place of eay pr�viously scheduled sale. Lender or ita designee may purch�se the Proparty at aay
<br /> , ., sale. �
<br /> :>.�,,.+ , .. ,
<br /> � � .�:;�' Upoa receipt of paymen4 oi the price bid. Trustee ehill daliver to the purchaser Trustee's deed
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