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<br /> _�r..�.,;�,,:,�-1� 12. Suceess�rv nn�t Assl�ns Dointd;Juirtt nnd Several l.lubllity; Co-Slgner9. 7fl�e covenants ancl-aFreements of this
<br /> -=_ti���Ye L�.:__ Secin•iry Insirument shall ►�ind and b�nefit�he successvrs and i45signs of I.ender imd Dor►•ower, suUject to the provisions af
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<br /> — parugraph 9,U. Borrower's covenunts 1nd ngreements shall be joint und several. Any Borrower whn co•signs this Security --
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<br /> _ �J Instrun�ent but docs nnt execute the Note: (a) ic co-si�ning this Security Instrument only to mnrt�age, �mnt nnd convey that r,_...
<br /> �� �� Borrawer's intcrest In thc Propeny undcr thc tcrn�s of this Sccurity Instn�mcnt; (b) is not personnlly obligated ta pay thc sums "_"'Y`-°`
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<br />-__--ar.�fr.�T�•;; secured by tl�is Sccuriry Instruntcnt:and(c)u�mes thut Lendcr and any other 8orrowcr may agrcc to cxtcnd, madify, forbcar or
<br /> - :"`�:.�:��•� makc uny accammodations with regard to the terms �f this�ecuriry Instrument or thc Note without that Borrowcr's consent. �;;a�_•
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<br /> r�'_,U_S��w�F,;� Y3. (VoNces.Any notice to Burrower provided for in this Security Instrument shall bc�iven by dclivering it or by mailing ;.
<br /> e� �,'�, , it by frst class mail unless applicaNle law requires use of another method. The notice shall be directed to the Property Address �'
<br /> ,�.„ti�F_,� • or any other uddress Aorrowcr designates by notice to Lender. Any noYice to Lender shall be given by 6rst dass mail to a-�.`?
<br />`"4�� ��,,��.. Lcndcr's address st�tai hcrein or any address l.ender designates by noticc to Borrower.Any notice provided for in this Securiry �'=_;,
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<br /> ��..,.�• ` Instrument shall be deemed to ha�c Ueen given to Borrawer or Lcnder whcn given as provided in this paragraph. `�
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<br />_�._�;.F��;r�. ,: 14. Governing La�v; Sevcrnbility. This Security Instrument shall be governed by fcderal la�v und thc law of the v�_._=
<br />::Ds�rSn'F;;�,;-.;:;: jurisdictian in which the Property is locazed. In the event that any provision or clause of this 5ecurity Instrument or the Note �==�-_
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<br />'.;��i i;�:t,:;::,:.;'�; conflicis with applicable law,such wnflict shall nut ulfect uther pruvi,ions of this Seeurity Instrument or the Note which can bc J:,-.`
<br /> . `p��,ii�i�L,'�r�'� given effect without the contlicting provision. To this end the provisions of this Security Instntment and the Note are declued � ==
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<br />==`'�`;�'��" �" 15.Borro�rer'wCapy. Borrower shall be given one conformed copy�f this Security Instrument. -
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<br /> .. tg; 16. A�.cl�;mnent i►i Rents. Biirr<�wer unconditionally uss3gns and tr.lnsfcn to L,ender ;dl dic rcnts und revenucs uP the -�;:-
<br />-�::;��'�<<' Property. Borro�vcr authnrixcs Lendcr or Lcncicr's a�cnts to cullcct thc rcnts and revcnucs und hcrcby dircctti cach tcnunt uf Ihc ,'�:
<br /> .c;:..�.c ,' Properry tu pay the rents to I.cnder ur l.ender's ngaits. H�xvcvcr, prior to L,cndcr's nuticc to Hnrmwcr uf Ilunuwcr'ti fircurh uf'
<br />" ` "1"'••�' nny cc�venant in•���;recmcnt in tiie Sccurity In+trumcnt. [iornnver shall collcct iu�d recciec:dl rcnts:uid revcuucs uf il�c Property
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<br />•- • :`� ns trutit�e for the benetit uf Lcnder .uid Hc�rrrnvcr. 'Phis ussihnmcnt of rcnts roostitutc.r un absolutc us�ignmcnt und nut �m
<br /> ''m�.�K�S:y utiYigmurui iu� uuuiiiunui eccwiiy�niiy. �
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<br /> "�,�"�"''� If I.cnder gives noticc of breach to Horr<nver: (a)all rcnts rcccivcd by Borrowcr shall hc hcld by Borrowcr,�.r trustcc for �.
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<br /> �'`�`'`•"" � '' benefit of[.ender only, to be appliui tu the tiums secured by the Security [nstrumenr. (b)Lr.nder shall be entiNcd to collect and -__
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<br /> �.,;�;�,,r��., receive all of the rents of the Aroperty: and (c) cach tenant of the Property shull puy all rents due��nd unpaid to L.ender or
<br /> _.:•,r:.:; _ [.cndcr's agcnt an L.cndcr's writtcn dc►nand to thc tenant.
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<br />-- l=N°.!'�"~ Borrowcr has not exccutcd any prior assignment of thc rcnts and has not and will not perfor�u sny act that would prevent "-
<br /> '����� ,;� Lcudcr from excrcisinb its rights undcr this paragraph 16. �,
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<br /> '••�+� �: Lendcr shall not be reyuireci to entcr upon,takc control of or m�intain the Properry beforc or aftcr giving notice of hrc:ich
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<br /> „�,��: , : ro Borcnwer. Howcvcr, Lendcr or a judicially appc�inted recciver may do so at any time thcrc is a brtach. Any application of
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<br /> ��,°_�-�-:"_:"� � rents shall not cw•c or waivc any default or invalidate any othcr right or rcmedy of I.cnder. This asrignmcnt of rents of thc
<br /> '-'� "% � ' Propcny shall tenninatc when the debt securcd by the Security Insuvmcnt is paid in full.
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<br />�``-:`'������ NON-UN[FORM COVENANTS.Borrowcr and Lcnder further covenant and agrec as follows: �
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<br /> 17.Foreclosure Procedure.If Lender requireti immcdiiite pnyment in full under paragraph 9, [xnder may invoke thc �
<br /> �� power of snle und nny other remediss perm[tted by npplicabfe la�v. Lendcr shall bs entiticd to collctt �11 cxpcnscs
<br /> =�'�~ • 1• incurred in pursuing thc remedies uncler tl�is paca�rnph 17. includ9n};, but not limited to,r,es�son�ble attorneys' Fees und
<br /> °- ` �. � costs of tltic evidence. '
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<br /> If tlte po�ver of sule is invoked, Trustee shnll recurd :� nottce nF default in euch county in «�hich uny part of the
<br />_ Property is loanted nnd shall mail ropies of such notice in the m�nner prc�cribecl bv appl[ci�ble IA«� to Rnrro�ver:�nd to
<br />- ' tl�e otlier pn�sons pre�cr(bed by appllcable lu►r�.After Qhe ti�ne reyuired by appticuble la�c,Tr�stee shull�ive publlc notice
<br /> . :'„ • of sale to tlie persons Lnd In t��e mun�aer pmscribed by appNcublc ia«•. 7'rustce. «�ithout demnnd on Horro�r•er. shall sell
<br /> �='- � • • thc Pruperty at publ[c uuction tu thc hi�;h�t Uidder at the t6ne and placc and under tlie terms desi�;natcd In the no4ice of
<br /> •'�� �•` salc iu one or more pa�rcls ii��d(n uny ordcr Tivstce detcrmines. 7'rustce mny postpone sale of sqll ur �nv �arcr.l of tlic
<br /> _ 1'roperty.4�y pubitc unuouncement at the time �nd pluce of.u�v previously ychedul��d sale. I.ender or its desi};ncc m�y
<br /> `Y purchase tlte Prope�ty nt nny sale.
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