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<br /> =��:�'� 12.Succeerore pnd Ase1�R�BouMl�J��int�ed SevexAl Lbblllty;Ga•Si�aero. The covenants end egrcements of this . .. ;?s.,•:>•.:-. _
<br /> ��`'''� ' - Sccurity lnswmsnt sh�ll 6ind and brnafit Qio successcu:x Fax1 assigns of Lender and Borrower, sub�ect to the paovisions of � -
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<br /> '"'= pan�graph 9.b. anrro�vet's covenanu and a�n+emen�s s�ta] t�Joint end several. Any Borrower wh� co-slgcis this Secwity
<br />'I� ; Instsument but does not oxocuto tho Nntu:(p)is ca�sig;nins;ttiis Security [nsuumcnt only to�nortgagc, grant and convcy tbat •
<br /> ,":"� �c- ..yx Hortowu's intcrest ie�tho Ympem,� undttr dio tcrms oE tGi�Soc�uiry JnsWmcn�;(b)is not personaUy obligaud to pay the sums � '
<br /> L ` �� socicrod by this Sccuricy Ir�strumewt;and(c)a�'�ttmat I.ezYl�Fr end any olhcr IIorrower may agree eo extend,maciify.forbe,ar or � . , :
<br /> }'i�-.'���'� ' � malco any aceommodatlons with mgaal tcr tho term�of t�l�S�curity Instrwnent or the Nota without t!u►t Borrower's consent. . , . ,� ., ' ,,
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<br />;:.� ..�,f� ,�'.�';� ,,T 13.Notices. My nudca ta��rmwmr provldc;d fou in.t�iis Sccusity Insqument shall be given by delivering it or by mailing it . �
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<br /> -�_� '..:,. by First class mail unkss eppllr.�Uiu Inw requires uso of e.'nnther method.The notice shall bc d'uected ta the Propccty Address or . «:,�`:':a�-`. .
<br /> � ��':;�=:�1��': any othu adclress Hoirowu dt�si�tat�s by no�iw to l.ur�:d. �Uny aotice to Lender stiall bo given by fust cta.ss mail to Lcnder's ;•�,�s�.�°-
<br /> _ �-�`•°`�:; address statod h�ein or eny edctms�Lendcr designat�s by nneica to Borrower.Any uotice provided for in this Security Instrument � ' � �����"
<br /> •� � shall be damed to hAVO been givon u►Hurrower or Lei�.t«�►�n givcn av provided in this putagraph. • _ ��� .-
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<br /> 14.Goveming Law;Set,�.�bility. 'I l►i s Scx u c i¢y I n a t w n c n t s h a ll b e g o v e m c d by f e d e r a l !a w a n d t h e L a w o f t h e .:'T?`
<br />._�n- . .�•�r- jW�,G.;,�i;�wh;;:: As°Prapeat� i�1c�.M1. In �hr�Pva���ttu�i nny pmvi.gion or clause of this Secariry Instrunnent or the Note , ;';•. .,���:;'i�!++±+;'`
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<br /> • • conflkts with�plicable law�s��c�9 cnnElict shall not a�7ca athcr provisions of this Security Instrument or the Note wbich can be ��'!��'°""�=�=--
<br /> vca effect without the coniUetinB provision.To t1�is e�rJ tLe pmvisions of this Securiry Instrument and the Nace ate declaced W "���''�'�
<br /> - . ••:�- be severabk. y , ;�'�'�_'.��
<br /> � 1S.Borrower's Copy. Bnno�vcr shall be givcn ono mnfurmecD wpy of thls Sccurity Instrument •• -
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<br /> "" 16.A�sstgnment of Renta. Bvnawea unconditior:i!fiy assigns and transfcrs to Lender all the rents and revenues of the
<br /> � " � �?°' Pmperty. Hormwa authorIzos Lendur or I.ender's aga�,t tu collect the rents and rovenues and hereby directs each cenane of ine -�
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<br /> . .i;�k;� Property to pay tho rents to Lc�nd�r or Lcnder's agenCS.H�uwovcr,prior to Lcnder's notice to Borrower of Bo�rower's breach of
<br /> ' any covanant ar�greoment in tho Secucity L�stnunen�,Boarower shull coQect end receive all rents and revenues of ihe Property as `�t
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<br /> ;�:���`'• , wsti�c fo=the.ben�t of Lendur acnd Burrativer.'lhis�igruaent of rents consatutes an absolute nssignmcnt and not an assignrnent "�
<br /> ` ' . for ac➢c�donal s�ciu'sty only. ;�s
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<br /> •-�;r•�,.' +• If Lender gives notice of bmact►to Bonrawer: (a)�u rer.ts roceived�y Horrower shall be held by Bomnwer as ttustee for ' �
<br /> � • ' benefit of I.endu anly,to bt appliod to tho sums sea.��a1 by the Security Inswment;lb)Lender shall be enaded to collect and . �.�ti,�,, L
<br /> `'� .� `"�''' receive all of the rcnts of lhe Prop�ty;attd(c)cach Nra.�t of thc Property shall pay all rents due and unpairi to Lender or Lender's t
<br /> � � '� agent on I.ender's written demand to iho tenan� �`''
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<br /> '�`'� ' �� . Horrower hus not executc�any pri�r assig�fl o3 the�nts and tL�s not and wW not perfoim any act that would provent � .: y:, _,.
<br />'1,y;+�~�'. . . Lentler 4'rom eae.�ising its right�unda Uiis paragtapl� 1 G. �• --
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<br /> `.�'�"'� '���� I,endet shall not be roqtured to enter u�xu�,t2ke ao�n�o'I of or n�aintain Ihe Pcopes:�•�efore or eft�r giving notice of bre�c;h to �
<br />_ �.� „ �� Borrower.HowcvEr.Lendcx or a judicially�-�.�:u�i receiver may do so�i any tune diere is a breach.Any application of rents � :
<br /> s1�aU not ctun or waivo any dtffnult or invnlic�:�e an3• other right or remedy of Lcnder.This assignment of rents of tlte Property �
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<br /> . shsll t�elminata when the debt securcd by tho Security Insuurncnt ls paid in fiill. I ti�
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<br /> � NON-UMF�OIdM COVENAN'II5. IIo►ro�ver nnd Ler�der f�u2.''�r covenant and a�ree as fo.�ows:
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<br />- . .. 17.Foreclosure Procedu�.IP Lender requares immedtnte ppyant�'!in tull�endeti paragrwp�9,Lender may invoke tl�e i
<br /> -.� � power ot sale and any othen�ramedks permitt2ci Dy app�ncable law.II.ender shall De enUt�ed to collect all expeases incurred � ,,
<br /> " . in pw'suina the►emediGS eut8cr t61s paragsap�L 19�G.idnn9�mg, Dut not iimited to,a�sasonabk attorneys'fees and costy ot � '.
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<br /> .. - title evidcnce. � •
<br /> _ U t6e pawEr ot sak is invoked, Trustee sAall record a notice af default in each county in which auy part oP�he
<br /> � Property i�bcstefl and shall mo�l wpie9 of sa�eolice in the manner�rescribed by 9pplicabk law to Borrower and to the � '
<br /> ot6er per�o�s prescrlbed by applk�blc I�w.O.tRer the time req�i�e�l I�y applicabk Ww,Trustee shall g[ve public notice oP .
<br /> :.,� . � . :'� sak to tt�e perauns wd En tlte manner prescril>ed Dy ep�IkaDte i�w.Trustee,wi1l��ut demaed on Bonower,shaU sell t6e i •
<br /> Property At public s�uction t�the hJghest Did�er at t6e t�me and place�nd under F�ie terms designated in the notice of sak , •
<br /> '•-t� ; �,•��~' in o�e or more p�rcets nud iu ouy order 'Ytirustee ditermiees.Trustee may postjwne sak ot oll or any parcel oP tde '�-
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