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200207229 NON UNIFORM COVENANTS. Borrower and Lender further covenant and are not as follows: 17. Assignment of Rents. Borrower Unconditionally assigns and transfers to Lender all the rents and uevenucs of the Property. Borrower authorizes Lender or Lenders agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents in Lender or I andm's agents, Tionesta. prior to Lenders notice to Burrower of Borrow d s breach Of any vovaniant or agreement in the Security Instrument, Burrower shall collect and receive all rents and revenues of the Property as touched der the benefit of Lender and Borrower_ This assignment of rents cunstitmaa an absolute assignment and not an assignment for addhional security only. If Lender gives notice of breech to Burrower (a) all rents received by BOrrover shall be held by Borrower as truttee for benefit of Lender only, to be applied to the sums secured by the Security Inswment; (h) Tender shall be entitled to collect and receive all of the rents of the Proper: and (c) each tenant of the Property shall pay all rents due and unpaid rn Lender or Lenders agent on Lender's written demand to the tenant. But has not executed any prior assignment of the rents and has not and will not pedomi any act that would prevent Lender from exercising Its right under this Paragraph 17 Lender shall not be required t0 enter upon, take control of or maintain the Property before or after giving notice of breech to burroncr. However. Lender or a judicial Iy appointed receiver may do so at any time there is a breach. Any application of rent shall not cure or waive any default is invalidate any other right or remedy of Lender This aaslguneell of rent of Ne Property shall an none when the debt secured by the Security In rUrnem is paid In full. If. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Zander may foreclose this Security Instrument by judicial portending. Lender shall be emitted to collect all expenses Incurred in pursuing the remedies provided In this Paragraph IS. including, but not limited to, reasonable a torneys'fees and costs of title evidence . If the power of sale is invoked. Trustee shall record a notice of default in each County in which any part of the Property is located and shall mail names of such notice in the counter prescribed by applicable law to Borrower and in the Other pecourt prescribed by upplianble law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in The insurer prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property in public auction to the highest bidder m the time and place and under the terms designated in the notice attain in one or mom parcels and in any or Trustee determines. 'Trustee may postpone sale of all m any parcel ol'this Property by public announcement at Nc time an placcof any pmvinusly scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver To the purchaser Trustees deed conveying the Propertyp The recitals In the'lrusteeb deed shall be prima facie evidence of the truth of the statements mode therein, Trustee shall apply the proceeds of the sale In the following order (u) to all costs and expenses of exorcising the power of side, and the sale, including the payment of the Trustees fees actually incurred, not to exceed S 9 of the principal amount of the note at the time uftbe declaration of default, and reasonable attorneys' fees as pennlucd by law; (b) to all sums Secured by this Secunty, Instrument and (c) any excess ni the pmsnns legally entitled to it It the Lender's interest in this Security Instrument is held by the Secretory and the Secretary required immediate payment in full under Peragntph 9, the Secretary may Invoke the nonjudicial power of sule provided in the Single Family Mortgage Foreclosure Act of Poo I' Act') (12 U.S.0 3751 er Sen.) by requesting it foreclosure commissioner designated under the Act to commence foreclosure and its sell the Property as provided in the Act. Nothing In the preceding sentence shall deprive the Secretary of any right otherwise available to it Lander under this Paragraph 18 or applicable law. 19. Reconveyounce. Upon payment of all s cured by this Security Instrument, Lender shall request Trustee m Onvey the Prepare; and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to pounce. Trustee shall aconvey the Property "uncut warranty and without charge to the person or persons legally entitled in it Such person or persons shall Seemly recordation costs. 20. Substitute Trader. Lender, at its option, may fiom time to time remove Trustee and appoint a successor notice to any 'Trustee UPPOlnmd hereunder by an instrument recorded in the county in which this Security Instrument is recorded - Without conveyance ofihe Property. the successor trustee shall succeed to all the tide, power and duties enforced upon Tooret herein and by applicable law_ 21. Request for Notices. Borrower request that copies of the notices of default and sale be sent to punster s address which is the Property Address . apt s of e