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<br /> 13. Succer�sors and Assl�ny Bound;Joint and 3everal I.tabfittyt CaSigncrn. The cavenunts and ugreaments of thie
<br /> Secur�ty Inhtrumcnt Shall bind und benc£it the succ�ssors and assigna of l.ender und Borrowc�. subjcct to thc provisions of
<br /> parograph 9.b. Borco�vcr's cavet�ants urtd agreement� shall be joint und severul. Any Borrower who caslgns thls Secudty
<br /> Instcument but does not exccute the Note: (u) is casigning this Security Instrument anly ta mortgage, grnnt nnd convey that
<br /> Barrawcr's interest in the Property under the terms of this Securlty Instrument:(b)fs not persnnutly obliguted to puy the sums
<br /> sezured by this Security lnstrumenr and(c)a�rces thut L.ender and any other Borrower may agree to extend.modify.forbear or _
<br /> make nny uccommodutions with regard to the terms of ii�is 5ecuriry Instrument or the Note without that Borrower's consent. r
<br /> 13.Noilces.Any notice to Barrower provlded for in this Security Instrument shull be given by delivering it or by msiling
<br /> it by first cluss mail unless npplicable law rec�uires use of anotner method.The rtotice shall be directed to the Property Addresa
<br /> or any other addr�s Bono�ver desisnates by notice to L,cnder. Any nottce to I.ender shall be �iven by ffrst class mail to
<br /> Lender's address ust�d herein or any uddress Lender designates by notice to Borrower. Any notice provIded for in this Securjty
<br /> Instniment shntl be deemeci to iiave been�iven to Borrawer or Lender when�iven as provided in this paragraph. �
<br /> 14. Governing Lo�v; Severabiltty. This Security Instrument shnll be governed by federal law aad the law of the
<br /> jurisdictton in which the Property is located. In the event that any provlsion or clause of this Security➢nstntment or the Note
<br /> contlicts wlth applicable law,such confllct shall not affect other provisions of this Securlty Instrument or the Note which can ba
<br /> given effect without the contlicting provjsion. To this end the provlsions of this Security Instn�ment and the Note are declared
<br /> to be severable.
<br /> 15.Borrower's Copy.Borrower shall be given one wnformed copy of this Sec�uity Instrument.
<br /> 16. Assfgnment ot Rents.Borrower unconditionally a�signs and transfers to Lender all the rents and revenues of the
<br /> Property. Borrower suthorizes L.ender or L.ender's agents to collect the rents and revenues and hercby directs each tenant of the
<br /> Propecry to pay tho rents to Lender or Lender's agents.However.prIor to Lender's nodce to Borrower of Bomower's breach of
<br /> any covenant ar agreement in the Security Instniment.Bormwer shall collect and receive all rents and revenues of the Property
<br /> as uustee for the benefit of L.ender and Borrower. This assignment of rents constitutes an ab�olute assignment and not an
<br /> assignmenc for additional security only.
<br /> If I.ender �ives notice of breach to Bomower: (a)all rents received by Borrower shall be held by Borrower as trustee for
<br /> benefit of Lenderonly,to be apptied to the sums secured bY it�e S�x.�urity In.,t�ua�tent;(b}I,ender s1ia32 bc cu'ail�!to callecx sad
<br /> receive all of the rents of the Property: and (c)each tenant of the Pro�erty shall pay all rents due aad unpaid to Lender or
<br /> Lender's agent on Lender's written demand to the tenaat.
<br /> Bomower ha�not eaeruted any prior assignment of the rents end iu�not and rvill not pecform any act that would prcvent
<br /> Lender from exercising hs rights under this paragraph 16.
<br /> Lender shall not be required to enter upon,take control of or maintain the Property before or after giving nodce of breach
<br /> to Borrower.Howevec,Lender or a judiciaily appointed receiver may do so at any time there is a b�+each. Any agplication of
<br /> renu shall not cure or waive any defanit or invalidate any other dght or remedy of Lender. This assignment of rents of We
<br /> Property shall terminate when the debt secured by the Security Inswment is paid in full.
<br /> NON-UNIFOItM COVENANTS.Borrower and L,ender further covenant and agree as follows: �
<br /> 19.ForPCtawre Prasedare.If I.ender requires immediate payruent in fuU ander parasraph 9,l.ender may finvoke the
<br /> power ot sa[e and any other remedies pesmitted by appllcable Isw. Leader shall be entitl�t to oollect all expeeses
<br /> incnrred in ptarsutng the ermedies under this paregraph 17,inclu�ling,but aot Iimited to,reasonable attoraeys'iecs end
<br /> casts of Ntle evidence.
<br /> If the po�er of sale is invoked, Tru..�tee shaU r¢cord a notice of defaWt in each oounty in which aqy part of the
<br /> Property is located and shall Qnatt copies oF such notFce in the manner prescribed by epplicable law to Borrower and to
<br /> the otl�er persoa�p�betl by appIIcable law.After the time required by upplIcable law,Trnstee shall give public notice
<br /> oi a�le to the personv and in the manner prescd6ed by applicable Iaw.Tnistee,without demand on Borrower,shaU sell
<br /> � the PropeKy at publtc auctton to the Wghest bidder at the time aad place und under the terms deslguated in the not[ce ot
<br /> sale in one or more pan�els and in any order Tntstee deternitnes.Trustee may postpone sale of ail or any parcel of ths
<br /> Property by publ€c announcement at the Wne und place of any previously scheduled sale. Lender or its destguee may
<br /> punchase the Property at any sale.
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