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<br /> 12. Successore and Au.gigns Boue�di Jolnt a�ed Several Ltabllityt Ca-SlRnerx. The c�ov��enaJ�nts Arid a�reert►cn1�'of thia
<br /> Securiry Instrument ehall bind and benefit the successors and assigns of l.ender nnd Bormwe�. subJect to the provistans of
<br /> � parngruph 9.b. Barrower's cavenunts nnd agreements shs�ll be joint and several. Any Borrower who casigns thi� Security
<br /> Instrument but daes noi execute the Note: (a) is ca-signing thls Scxurity Instrument only to nwrtgabe,�ra�u and convey d�at `
<br /> Horrowrr's iatemst in the Property under the terms of this Security Instrumenr,(b)is not personally obligated to pay the sums
<br /> ' secured by this$ecudty Instntment;and(c)ugt+e�that Lender und any ather Borrower muy agme to extertd.modify.forbear or
<br /> make any nccommodatibns with reguM to tho tertns of tf�ia Secur�ty Instcument or the Note wlthout that Bornower's consent.
<br /> 13.Notiees.Any notice to Aorrower provided for in this Secur�ty Instrument shall be given by deliverins it or by meiling
<br /> it by tirst class mall unless Appiicuble Inw.reyuires use af unother mcthod.The natice shall be directed to tha Prupet9y Address
<br /> or any other address Borrowet designates by nottce to Lxnder. Any nutice to L.endsr shall be given by first class mnll to
<br /> Lender's address stated herein or any address l.ender de.signates by aodce to Borrower.My nance provlded for in this Scxudty
<br /> lnstn�ment shall be deemed to hnve bcen given to Borrower or Lender when given as provide�in this paragraph.
<br /> 14. Governing Law; SeverablUty. This Security Instrument shall be govemed by federel Iaw and the law of the
<br /> jurlsdtctIon in wdich the Propert,y ia located. In the event that any provlsion or clause of this Secur�ty Inswment or the Note
<br /> rnnflicts wlth apptiatble law.such conflict shalt nat affect other provlstons of thia 5ecurity Insuument or the Note which c�rt be
<br /> given effect wlthout the conflictins provisioa.To this end the pmvisions of this SecurIty Instmment and the Idote are dectar�ed
<br /> to be severable.
<br /> 15.Borrawer's Copy.Borrower shall be given one confarmed capy of this Security Instrument.
<br /> 16. Asstgnment of Rente. Bormwer uac�ondit�onally essigns and transfers to Lender al( the rents and revenu� of the
<br /> Property.Borrower author�zes i.ender or Lender's ugents to collect the rents and revenues and hereby directs eacb tenant of the
<br /> Froperty to pay the rents to i.enAer or(,encier's agents.However,prtor to Lender's notice to Borrower of 9otrower's bceach of
<br /> any covenant or Agn�ement In the Security Insuument,Borrower shall colle�t and receive all r�ents end tevenues of the Pinperty
<br /> as wstee for the benefit of L.ender end Borrower. This assignment of rents consfltutes an absalute assig�unent and not sin
<br /> assignment€or additionai securily onty. °
<br /> i1F 3.ender gives notice of breach to Bocrower: (a)all rents recelved by Bonower ahall be held by Bormwer us pustee for
<br /> benefit of L.ender only, to be applied to the sums secured by tfie Security Inswment;(b)L.ender shalf be endtled ta cotlect and
<br /> recetve afl of the rents of the Property; and (c)ezch tenant af the Property sheq pay all renu due �unl unpaid w Lender or
<br /> Lender's agent an 1Lender's wriuen demend to thc tenant.
<br /> Borrower hua not executed any prior esslgrtment of the rents and has not end will.�pt perForm eny uct that wcvs9d pmvent
<br /> L,ender from exerclsIng its r�ghts under this paragraph 16.
<br /> , I,ender shall not be required to enter upan.laka control of or malntain the Property before or aftet giving notfce of breach
<br /> • to Borrower. However, I.ender or a judictally appointed receIver mny do so at any time there is a breach. My applIcation of
<br /> teute.sfiall not cure or waive uny defuult ur iavalidate any other r�ght or r�mody of Lender. This essignmeM of.rents of the
<br /> Pro�rty shalt terminate when the debt secured by the Securiry Instrument is paid in PoII.
<br /> NON•UMFORM C�OVENANI'S. Borrower and I.ender further covenant and agree as fopows:
<br /> 17.Foreclosnre Procedurn.It Lender requtres immedtate payment in full under paragreph 9, Lender m�y Invq�Ce the
<br /> power•of sWe and uny other remedles permitt�ed by appUca!►lc law. Lender sdal! be entiUcd to c�cUect a4��eacpenses
<br /> incut�d'ia puisutng the remedtes under thls p�ragraph 17,includiog,but not Itmlted to,reasouable attorneys'�Pees and
<br /> c4sls ot tttie evidcacc. .
<br /> If the power of sale Is invoked,Trustee ahali record a no�tce ot defuult In eacN caunty in�whlcb any part ot the
<br /> Property ts located and shall �sil ooptes of such nottce in the manner�rescrlb¢d by appltcable!ew to Borrva�rer and to
<br /> the other person4 grescrl6ed by aRplfcable lew.Atter the time requtred by applicable lew,Trust¢e shWl gtvc pu'bltc not[ce
<br /> of sate to the persons and in the manner prescri6ed by appifcable ta�v.Tn�stee,w[thout demand on Barrower,shall sell
<br /> the Property at publlc auction to the htghest bidder at thc�ime and pince and under the terms deslgnated iu the nntice of
<br /> ssle in one or morr.parccis and tn anyr order Trustee determtnes.Tn�stee may postpone sale of ali or any parcei of the
<br /> Pmpertv by pubitc annuuncement at the ttme and pluce ot any previously schedaEed sale, Lender or tts deslgnc�mAy
<br /> pue+chase the Property at any sals.
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