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<br /> :��-; .- . ' 12. SQCCC55nP4 t1i11I AtitiIF119 IIOl111tI; Joint nrul Sevcrnl I.Inbelity; Cn-Signcrs. Thc cavcn�mts und a�;rcements of thi5 E�;'r.�=.
<br />-�-�*���-a�ra!'x�;-••! Sccu�9ty Inst�•umcnt shnll hind m�d bcncfit thc succes,ors nnd ussigns af I.cndcr nnJ Rnrrowcr, sabjcct tu thc provisions of �—°-
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<br /> m�,•- • �:n�iBruph 9.n. Dnrm�ver's cover.ants nnd n�,reements shaU he joint nnd ,everal. A�iy Dnn�owi�r �vhn co-si�ns this Security � _e
<br />�'°��+���i��„g,,,��,. Instrumcnt but Qars imt cxccutc thc Notc: (n) is cn•sigaing tl�is Sccurity Instrumeu¢ �nly to mort�agc, grunt nnd canvcy that
<br /> ----;'t%-�^��'�*"� Bnrrawcr'ti intcrcyt in tlie Prnperty undcr dic tcrms nf this Security leistrumcnt: (b)is not persimally obligated tn pay thc sums ,._::;_
<br /> �M1-�n'- . ti�cur.;J by tl�is S�cu�ity inti[ui�nent;cu�d tc)ugrors�hu►L.cndcr and ciny othcr Borrmvcr may ngrcc to extcnd, modify, fa•bcar or �=--�
<br />�'� `��� nutkc ,my nccomntudatians with rcgurd to the terms of this Security Instrument ar thc N�te withuut thnt Qorrmvcr's consent.
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<br />�:;;.�,.��;;ti;�,,;, 13. Notdccs.Any noticc ta E�orrowcr provid��c1 f�r in this Sccurity Instrumcnt shull bc given by dclivcring it or by mailing
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<br />�. .�, , „+ it by tirst class mail unlcss ,�pplicablc la�v requirer use of anothcr mcthod. Thc notice shall be directed to thc Praperty Address ���i.;.
<br /> �' ' ur an othcr +iddress Borro�vcr dcsi�natcs Uy noticc to L.endcr. Any �toticc to Gcndcr shall bc givcn by first clttss mail to ''`
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<br />'- � ' ' Lcndcr's address stated hereui ur uu iddress Lcndcr dcsi natcs b noticc to Borcawer. An nutice roviclrJ for in tbis Securit �a-`
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<br />��-.�e'+. � �• a.!^••` Instniment shall bc dcemcd ta have becn given to Borrowcr or l.cnder when given as providcd in this paragrnph. �,Q»-�_..
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<br /> ;"� ' •.�.:,�: � 14. Govern[n L�tv; Sevei�nbilit y gavcrned by fcder.►1 Inw nnd the law af the ��^
<br /> ., . '• P y. "fhis Sc�•urit Instrument sh;dl be g«-�;�-==
<br />-`- � • � • ,�• jurisdiction in which the Propeny is located. In the event thut any provision ar clau5e of this Security Instru�nent or the Note �:f��`
<br /> „���:r��;�?�.>�e��„•, conflicts�vith applicable Inw,such conflice shal!not affect other provisions of this Security Instrument or the Note�vhich can be �.=�-__
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<br />_:'^�i :::=���_1��i�� ' given effect without the conflicting provision. 'to this end the pruvisians ot'this Security Instrument and the Note are decloreci :�!;�:
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<br />- _. ,, to be sevcrable. .
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<br />? . " • 15.Borrotivcr's CuPy. Borrowcr shall bc givcn onc�onformed copy of this Sccurity Intitrument.
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<br /> � � `� �"�''` 16. Assignment of Rents. Aorrowcr unconditionally �issigns and transfers to C.cnder all the rcnts and revcnues of the
<br />° . .. „ , Property. 8orro�vec authorizes Lcnder ar L.ender's agcnts to collcct thc rcnts and revcnues und hereby dirccts each tcnnnt of the - r'' -
<br />�� • � Proprrry to puy the ren�ts to I.ender or Lender's agents. Hmvever, prior to L.ender's notice to Borrower of Bm•rower's brench of -
<br />�' �` any co��cnant or agrcemcnt in the Securiry Instrumcnt. Borrowcr shall coUect and rercivc all rents and revcnues of tl�c Property ��-
<br />_+ ' � , as trustee fer the benefit of Lendcr and Borrowcr. This assignmcnt of rents constitutes an absolutc assignment �nd not :ui
<br />- „ assignment f'or additional security only. -
<br />=-}�,-.. �. tt Lender gives notice of breach to Borrower: (a)all rents received by Borrower shall be hcld by Borrower as trustee for :;,_�
<br /> benefit of Lender only, to be upplied to the sums secured by the 5ecurity In�trument; (b) Lender tihall be entitled to collect and
<br /> ,. � ,' _ receive all of the rents af the Propeny: und (c) each tenant of the Propeny shaU �ay aU rents due and unpaid to Lender or �
<br /> . Lendcr's agcnt on Lcndcr's written dernand to the tenant.
<br /> ;` °°:_ '! . Borrower has not exccutcd any priur assignment of thc rents and hati not and a•ill not perfonn any act thut would prcvent •
<br /> ,..�.�:.;_,,;�,,,,,; ;�,. L.ender from exercising its ri�hts under this paragraph 16. .
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<br />�...�*�-:,�«r�.,c.a.� I..ender shall not be rcquired to cntcr upon, takc control af or maintain thc Property bcforc or aftcr giving noticc of brc:ich �
<br />- "�` ' '"''�'• ' to Borrower. However, Lender or a judicially appointed recciver may do so at any time there is a brcuch. An � lication of
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<br /> • rents shall nat cure or waive any dcfault or invalidate any odier right or remedy ut' Lender. This assignment of rents of the
<br /> j-"`""'-'`^'"'"'�" Property shall terminate when thc dcbt sccurcd by the Sccurity Instntment is paid in full.
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<br />'"" '� ` •• � NON-UNIFORM COVENANTS.Borrowcr and Lendcr further rovenant and agree as toUows: �
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<br /> i � 17.Foreclosure Pracedure.IP Lender requlres immedlate payment in full under para�;raph 9,I.ender may invoG;e the
<br />�� • po�r�er of sale and any otlier remcr7ucs permitted by appl[cuble law. I.ender sh�U be entitled to cullect all expenses
<br /> _ • 6uurred in pursuing thc rernedtes undcr 4his paragraph 17, including, but not Ifmited to, reasonable uttorncys' fces�nd
<br /> . costs of tide evldence.
<br /> -°• . If the power of sfile is invoked, Trustce sh�9� record a nutfce af default in cach county (n �r•htch nny part of the
<br /> i n • f'�•operty is locuted urtd shaql�nail coptes of such notice in the mnnncr prescribed by upplicable laa• tn 13orrower ae�d to
<br /> � tlie otlicr��e�sons prescrlhed by lpplicuble luw Aftcr the time required by appllcable lua•,Trustcc shall�ivc public nottce I �,
<br />�„� .� � 06 sale tu e7ie �ersons and iro the manner prescrfbed by applicable la�v.Trustec,wlthout dcmnnd on Bm•rv�wer, shull sell I
<br /> � the Property at public�nirtlon to the hi�hest bidder at Nte time und place and under the terms desi�;nated in the notice of t
<br />_�;� sale In one or uiure parcels and in nny order 'Prusiee determinu�.Truster mav postpone sale oF nU or ai�3� p:�rcel of the �
<br /> . Properiy by public u�mouncer�tent nt the time and pluce ol'm�y previously schectuled sale. Lender or its drsi�;nee muy I
<br />-v � purcl�ase thc PropeiKy at nny salc.
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