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<br /> �:s .� � `!2. aucce�sur� nnd Ass3�su Qaaad:dolnt arzd Sevcriil ttabi�Ity: C�SPgaers. 'ISic cuvenan�s and agrcrments af t6is ` �
<br /> 'T < ' �Y. ' S:ca�rity ipstniment sha11 bind and heneiit,the auccessorw and as�igrt�of Lender un�i 8orrn�vcr. Kubjes; tu Ihe prnvisi�ns of �•�E ��.� � '''� ` ;
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<br /> - ° ` paragraph 4.6. Borrowcr's covcnanu and agrcements shall.hc joint and srv�ral. Aay Sorrawer wfsv co-si�ns this Security � `� �
<br /> Y �'.�� ��� In,rtrum:nt 6us daes not enecuic thC Note:la}is'rasigning this 3tcurity,instrunt,ent c►niyr"to mortgage.grant artd wnvey tkat . "` - � , ` ..
<br /> , `� �``� � @orrc�tiver's intcrest in the Praperry urtder the tcnns of this Securir�Instri:merd:(�)is not�personally obligated to pay the sums � � ' ` ' �'
<br /> ..���`�. seeurcd by this Security instrument:and(c)agtees that Lejtder and any other Borro��ler may agree to eatend.modify.forb�r or - .:�• 'V •,,`.:r:• �`.•
<br /> , , � ma'�e any accvmmodations with�egard to the terms of this Security instrument or the Note�ithout that Borrower's consent.
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<br /> 1 ' 13.NatFces.Any notice w Eorruwer prwic�ecf for.in this Securit�Iastrument sl�all be given by delivering it or 6y mailing � `� '�. r '� Y`.
<br /> : < . -t� ` _ it 6y first st��i suiless ap�licati2e iaiv t�eqt�ires nse a€at�other meYhod.The notice shail be directd to the ` � ':. ,'�^'� -
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<br /> � - . 'or any other address Borrower desi�nates by notice to Lertder, Any nouce'to I,ender shall be given by 6rst class mail ro .,r.��' -�^
<br />.:r.�.•".�, ° `. . I.cnder's address stated hereiri or aQdress Lec�der desi -
<br />_ . ar►Y gnates by aotice t�Borrower.dr�y natice providad for in this 9ecurity '�`"'`:;�,•�rt�-;;:.;
<br /> �� � • . In s t r u m e n t s h a l t b e d e e m e d t o h a v e 4�e e n given to Barrower or I.en der w ken giverr as provided in tfis pazagragb. � - - ` -
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<br /> 3� .�, " : 4� ern[ng Law; Severtlbility. This Security Instrur.ient �i�alt 6e gov�med;by federal law and the law of tfie �,�.� �
<br />_ jurisdiction in which the Froperty is tocatea.In the event that any provision or clause of this Security Iastrnment or the Note .�_��� =-
<br />-� � conflicts with applicable law.secc6 conflict sha11 aa€affect other provisioas of this S:curity ir�suasn.on?ar t�Note wlrich can be ��'�-�-
<br /> ' - �I�� given effect Wit�out.ttie conflictina provision. To this en�tir provisions of this Security Yfa..�tnur.eat az�t�e hsote a��decta�d '`2`= -- _-
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<br /> � � � 15.Borrocres's�C�py.Borrower shall b�gi�-�n or.c co�ortned oopy o�tl�is Security Insuvment. .:.• `
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<br /> �• ' 16. AssigrQn�of Rents. BQrrower artcondstionalty ass's�s anc!tr�sfers ta l.ender all the rents as;d raversu�;of the'' ',' • `;{� ``��""�'—
<br /> , , �= Prap�.Borrower authorizes Lender or[,ender's agencs to colfect the rents and revermes and hereby directs ezcb�r,�t�;of the .`�lf
<br />: . . '' •�< � . Properey to pay the renu to Lender or Ixnder's agents. However,priur ta Lender's notice to Borrower of Botrow�r`?;;�reach of ''�� �
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<br /> ` . ,� `~ any covenant or agreemem in tiie Se�iti Instru�-r.ent Borrower shall ooitaps,and'receive_a�I zepis_aa�re�r�s af i�Puu�.�sv__.....::_. . �`"�%,�"
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<br /> - . ;: � as trast�for rtie b�r�et�r of l,ender and Horrower. T6is assignment of.Y.e�ts,r.unstitutes an absal¢te assig�tmer.t aad rtot an �.� ��
<br /> • ' assignm..ant for addirional security only. � '�°
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<br /> � �•�`•��. gti L�..�-.der givea noGce of breach to Bormwer: (a)aIl rzrau received by Bo�rower shai! be hetd by Borrower as tnrstee for "`-'�`` �
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<br /> . • ,. , bene�t of Lender u:��,to be apptied to the sums secured by the Security Ir�s�ument; (b)i.ender shall be entit�ed to collect and
<br /> • , �� • receive all of the r�.lis of the Praperty; and(c)each tenant of the Property shal! pay all renu due and unpaid to Lcrtder ur
<br /> � I.ender's agent on Lender's written demand to the tenant. •f �, ` �
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<br /> Borrotver has not executed any pr'or assignment of the rents and has not and wilt not perform any act that wauld prevent
<br /> " r. � Lend�r from exercising its rights under this paragraph 16. � '
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<br /> . ° �' I.ender shall not be required to enter upon,take cantrol of nr maintain the Property before or after giving notice of bresch >�'� ,���"`'
<br /> _ �' ta.Borro�ver. FYowever, Lender or a judicially appointed recr,iver may do so at any time thcre is s bre.lch. An a luation of � � �
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<br /> . rents shall not cure or�vaive any default ar invalidatc any other right or remedy of l.ender. 7'his assignment of rents of the � '� �'•-�
<br /> ��� ''"' ��"` � Property shall terminate when the debt secured by the 5ecuriry instrument is paid in full. ' ' �
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<br />-•';``�`1• � • NON-UNiFORM COVENANTS.Borrower and Lender furti�ercovenant and agree as follnws: •: -,�;--
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<br />�_, .!; °' 17.Foreciosure Frucednre.If I.ender�equires immediate pAyment in full uader par�p,raph 9,Lender may tnvoke the '
<br /> power oP sate a�d any other remedies-permitted by ap�7icabte taw, l,ender shaU 6e entitled to coftect alt expenses �
<br /> • • incumed in purs�r.¢;�the remedies uader this parag�aph !7,iRCiuding,bvt not timited to,reasoaabiP attorneys'fec.w,and ' � �f"'
<br /> costs of title evi�'�. ' .. '
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<br /> • ,� .: � � . • ' Iff c��pou�r ei��te is invoked,Trustee s6a11 record a noitce cY deP�tult in each county in �vhich am part of t(ae . �
<br /> � � .•�; Propere�ir 1oca2:�and shall mail copfes of such nottce in the mnnner prescrl6ed by appllcable tativ to Borrower and to '
<br /> .. • `�he other persons�wescrlbed by Anpltcable law.After the time require8 by appltcahde tasv,Trastee shail�Ive publtc notire -�
<br /> - . � . of sale ta the pers��and in the manner prescribed by applic.zble law.i.i.utee��vithout demand on Borro�ver.shall sell �
<br />"'�;� � � - the Property at p�l'�i4 auction to the 6l�e�I��3�er at Ihe time artd pl;.�e:�rtd under the ternrs desi�ated in the noilce of °
<br /> • .� ,. .� sale ln one or mon.�arcefs and In any acd�ff�ru.qtee deterr.:ines.Trastee roay postpone sale of all or any parre!of the � r��:. . �' ��
<br /> � , R►�:�,cr�t;v 6y pabfic announcemer.7.22 the t:me nnd ptace o4 any previously schcduted sule. Lender or its desi�+sue may ' '���'� � '
<br /> _ � 'Y pu:�ii�e::thc Property.at any sale.
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