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<br /> l2� 4llCCC;':I/L'9 A�9(I h55IC;n<� DDPDiIt�� .Yn➢nt n�aa1 �•=vc��C I.".r.�b610ty; 4Rabl�;`tcra. �'hc covcn�nts nnd ii�;��cenr�u�� nf Biis r
<br />- ' Security Inst►vment shull hind und beriefit the successors mu6 nssi�ns af L.cndei• und 13nn-aw�r, subJec:t tu Qtc E�i�vi�sion; of�
<br />- ��°:~"��•�- '.•.�� p•�n�rnph 9.b. Uorroerer's covenants n�id ngrccmcnts ehnll bc joint and severaL Any Burruwer �vho crnslg��s this Sccurity _
<br />'``•�y►ti=�:��•:n ' � Intilrunicnt but docs not cxccutc thc NotC: (n) is co-sign�ng this Sccuriry Instrumciu anly ta mort�ugc, 8�a1i1[ ilil[) COI1VCy tI10.1 —
<br />-.--��'�_'�°"``�"`''��`� R�rru�vcr's intcrest in tiic Propetty undcr thc terms of�has 5crurity Instniment; (b)is nnt personally c�bligntcd to p�y ihc rums
<br />:_;-,�,��;.,.�;:�,. �" ai�ur�d by lliit.S�curity Ins¢tu�cnt:ansi(c)a�rccs that I.ender �nd �ny nthcr Rnrruwer mny agrec to extend,n�.odify,�forbcar or :
<br /> ;�=;:=;:�;r n�ukc nny accommodations with regiird ta the terms of thie Security Instrument or�he Nnte withaut that Dorrower s cnnsent.
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<br /> '-:_-:;�.. .«�., :;;� 13, Nntice,s.Any noti��cto 13orrower pravided for in this Security Instrumcnt shall be givcn by dcliverins it or by mailing
<br />_`',ti�,.., �.�•� it by first claiss mail unless �ipplicable la�v r�quires usc of nnother method. Tiic notice siiall be dirccted to tiic Property Address
<br /> :;�ti.,,,��. or nny othcr �ddress Qorrower designates by notice to Lender. Any natice ta Lendcr sliull be �iveic by C�st class mail to
<br /> " ` L.ender's address stated herein nr any address Lender desegnate5 by notice to Bormwer. Any notice provided for i►i this Securiry _
<br /> �•!�'��:�•;�� . _�:�,�^° loistrument shall be dcemccl to have bcr.n given to Borro�vcr ar Lcnder whe��given As pravided in this paragraph.
<br /> ' � • : l4. Guverning Lmv; Severnblflty. This Security Instrument shall bc govcrnul by fecictal law and thc law of the
<br />- jurisdiction in which tfie Propcny is located. in the event ihux any provision or clause of this Secarity Instrun�ent ur the Nate
<br /> � , � - ea�nflicts with applicuble law,such canflict shall not affect oAier provisions of this Secueity Instrument or the Nute which can be
<br /> ,,. �.� � ```� iven effect�vithout the conilictin rovisim�.To this end the rovisions uf this Securit Instnsment and the Note are declarerl
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<br /> � to be severablc. `
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<br />- � �. �� .. '" 15. �orrn�ver's Copy.Brn•rower stiall bc givcn onr, confarmed capy of thls Security Instn►ment.
<br />- � r T.� 16. Assi�;nment of Rents. Burrowcr unconditionally assigns and transfers ta L.ender all the rents and revenues of the -
<br /> Propeny. Borro�ver authorir.es Lender ar Lender's agents ro collect the rents and revenues and hereby directs each tenant o6 the
<br />. Propeny to pay the rents to Lender or Lendcr's agents.Howevcr, prior to I.c;nder's uotice to Borrower of Borrower's breach of
<br /> any covenant or agreement in the Securiry Instrument, Borrower shall collect and receive all rents und revenues of the Property
<br /> us trustec for the benefit of Lcnder and Borrowcr. This assignment of rents constitutes an absolute ussignment and not an
<br /> assi�nment for additional security only.
<br /> _ � ' t'iy uviTv�rC1'Siu1i� w ii�i� .~.j�.^•O:S.°.i`.i5!SSSSt°.�f^f
<br /> • 11 i.ender gi��es notice oi ore�acii iu Burrowc�: �ai uii ic�ias�cce��c:�.
<br /> . benefit of Lender only, to be applied to the sums secured by the Security lnstrument; (b)L.ender shall be entitled to collect and
<br /> � reccive ail of the rents of the Property; and(c) each tenant of the Property shall pay all mnts due and unpaid to Lender or
<br /> ' Lendcr's agent on Lcndcr'ti written demand to the tcnant.
<br /> „ � Borro�ver has not executed any prior assignment of the rents �nd has not and will not perform any act that�vould prevent
<br /> Lender from exercising its rights under this paragraph 16.
<br /> Lender shall not be required to enter upon, take control of or maintain the Property before or after giving noticz of breach
<br /> to Borrower. However, Lender or a judicially appointed receiver muy do so at any time there is�i breach. Any applicution of
<br /> rents shall not cure or waive any default or invalidate any other right or remed��of I..ender. This assignmcnt of rents of the
<br /> Propeny shall terminate when the debt secured by the Security Instrument is paid in fuU.
<br /> " , NON-UNiFORM COVENANTS.Borrativer and Lender funhercovenant and agree as follows:
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<br /> 17. Foreclosure Procedure. IP Lender requires immediate payment in full under parAgraph 9,Lender mny invoke the
<br /> , Powcr of sale nnd Anv other remedtes permitted by applfasble Iaw. Lender shn71 be entitled to collect all cxpenscs
<br /> `�"�"�" � incurred In pursuing the rcmedies under this par�grttph 17,Including,but not limited to, reasonable nttorneys' fePS nnd -
<br /> . cosis of title evidence.
<br /> ' ' [f the power of sule is invoked,Trustee shvll record e notice of default in cach county in wI�lch nny part of the
<br /> � � � - Property is located und sha11 muU cnpl�of such notice in the munner prescribed by appf[csible law to Borrotr•er nnd to
<br /> the ather persons prescribed by applicnble law.After the ti une required by applicable la�v,'3'rustee shall give public noitce
<br /> � •,. � uf sale to the persons and In the m:nmicr prescrlbed tsv appllcable Iaw.Trustec, without demand on Borrower, shull seU
<br />_, '' , the ProPerty at public nuctic►n to tlic hi�hest bidder aQ the tin�e and p7ace and under the terms a]rslgnutetl in tlle nottce of
<br /> ' . . ��le in one or more parccls and in any order Trustee deiermines. Trustce mpy postpone sAle off sdl or a�ny parccl oP the
<br /> , : ;..� 1Property by public announccment at the time und pltice of.iny previously schec���led sale. Lender or its destgnee m�y
<br /> ��• -;, purchnse thc Property At any sale.
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