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<br /> �.!�'"�i°�" � 12. �'��t�nd Asc(W� B��t Jofat �ad Severnl Lis�bility; Co-SiRaers. Tl�c covcnant� un�! agrecrnenu of this
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<br /> .°-�°".-�-- Security Instrutnent r�lwll bind and ber�efit Ihe r+uccessors and assignx of L.ender wxi Born►wer. subject ta the provirlons o �-
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<br /> �r �,.LL_��,;�,� •, ', p�B�aph 9.b. Borrower'�s coveruints and agreemcnts si�ull he joint and sa:veral. Any Borrowcr whu ar�iQns this Socu�ity _
<br /> �•= • + I�strument bw du�s nat execute the Nole: lul is co-sig�ing this Scrurity Instrument only lo manga�te.grAnt and convey ttwt
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<br /> ::: . Borrower'�intere.rl in the Property under the terms of thi�Security Instrument:lbl iw�p���ly�►t+ligWeJ tu p�y tho wms�
<br /> :.��• : ;�:,;�,� • secureil by Ihis Security Inatrument;and(c)agrces tlwl L.ender and uny uther Borrower may sgm!t�etten�l•rr��lifY,furbpar or
<br /> --;,►::,,,- � , m�ke uny occommaletian� with regord tu the tern�s of thia Savrity Inun�ment ur the Nde withaut tlwt Bumower's�nnaent. ^..
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<br /> '� A}��� � '�-'+����'" ` 13. Notiees. Any notice ta Borrower provided far in this Security Instrument shall be given by dclivedng it ur by muilins
<br /> ' " :y�l' �� it by first cluss mail unless applicable Iaw requires use of onother method. The nutire chstll he dirocteJ to�he Property Address
<br /> . • ;;. ' . or uny aher addrecs Aorrower designates by notice to Lender. Any notice to L.ender slwil be given by frst class muil w _
<br /> � �• • Lerxier's address su►tecf herein or any address[,ender designates by notice to Bomawcr.Any�wtice provided for in tbis Security __
<br /> -� ;�� ,w.... � instrument shall be deemed to have been given ta Borrower or I.ender when uiven as provideii in this puragrnph. _
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<br /> �� '�'`.' '� �( 14. Governing law: Severability. This SecuritY Instmment shall be governed by federul law and the luw of the =
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<br />':�� '( juriuiictian in which the Property is lacated. !n the event that any provisiun or cluuse��f thi� Secority In�trun�nt ar thc ote ---
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<br /> ;:�� •,r,r•;;,,-,�.;i���,K;_,; contlicts with Appliwble law,such conflict shnll not affe�:t uther provisians of thi+Securiry Instrument ur the N�xe which cun be �;;
<br />'___.� ' �ij�-�•�.�.• given effcct without the conflicti�g provision. To this end the provisians of this Sccurity Instrun�nt suKl dw:Nate are declarFd ��
<br /> �•s• � ta be severnble.
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<br /> `„ ' 15.Borrower's Copy.Borrower�hall be given one confomted rnpy of this Secunty Insuument. ��+�::
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<br /> r� l6. Assignment oi Rents. Burcow�er unconditionally assigns and transfcr�tn I.ender xll the rents und revenucs uf the _
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<br /> � ���S�.i'': . Pruperty. Boreuwer authorizes Lender or l.ender's n�tents to coll�ct the rents and revenues und hereby directs each tenant of the
<br /> '!(, Propeny to pay the ren�s tu Lender or Lender's agents. However, prior to l.ender'S nutice to Borrower of Bomower'S bmach of
<br />. ' �`�'• °'1"f�`"!• any coverwnt or agreement in the Serurity Instrument.Borrower wliall collect and receivc ull rents und revenu��af the Property �; 'r
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<br /> ��` •'- as trustee Wr the benefit of Lender and eorrower. This assignment of rents co�stiwtes an abs��ute assigmnent not an
<br /> ��� ; ossignment for addi�ional securiry only. ��
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<br /> ,. If l.�;nder gives notice of breach to Borrower: Iu1 UII rents received by &irriiwer shall be hcW by Borruwer as tru�tec Por �M1�
<br /> ,��r:s'�.',���� _ henefit of Le�uler onl��,to be applied to thc sumr•secured by thc Secu�ity In.trument:Ib)l.enJer shull be entided to collect wu1 =__
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<br /> � receive ull of Ihe rentx��f the Property: and Ic) each tennnt of the 1'ropeny shaii pay �li rcnia Sue a��i unpaid iu Lcrxler ar
<br /> '� ` lxnder's agent on Lender's wrilten denwnd to the tenant• �
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<br /> •„�;.�� • &�rrowcr has nut execu[ed any prior a,signment�f thc rents und hus not unJ will not perfuim any uM that w�wlJ prcvent 1r�
<br /> ' l.e�xier from exercising its righls under this purugraph 16. �'
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<br /> , �� > .•' Lender�hall not be requireJ ta enter upun,takr rontrol of��r muinerin the Pn�peny Ixtixc��r after giving nuticr ul'breach --•-�
<br /> r^' ^' . � ' tu &�rruwer. Howev�r. l.ender�x a judiri•rlly appuint�Yl rccci�•cr ma�•du so;�t any timr therr i.a brcach. Any applicution of �,�
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<br /> rent. .hall not rure ur wuive any dePruh or invrlid•r�e uny uthcr ri�ht ��r rcmc�iy al LenJ�r. This u�tiignmenl ot'rcntn uf thc �
<br /> ,;,i. •� Prop�;rty shall terminule when the Jebt xru�cYl by thc S�curity In>Irum�nt i+paiJ in t'ull. �,
<br /> NON-UNIFORM CnVENANTS.&►rrowcr anJ LcnJcr 1'urlh�r cuvcnant and ugrcc a�fi�Una•,: _•
<br /> �' •'j''� � 17.Foreclosure Procedure. If Lender reyuire�immediate pnyment in full under pnraRraph 9.Lender may invuke llie = ..
<br /> ��!p''. •" � puw•rr oi sale and uny uther remedies permitted 6y applicable luw. Lender tihull I�c entiticd tu collect r�ll expenses ��_
<br /> ���' ' Incurred in punuin�the remediec under this paru�rs�ph l7. includinµ. but no► limited to.reu.runvble utturoeys'fe�w ond _
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<br /> • ' cust.c oi title evidence. �`�`
<br /> , "�' " U the power of sstle is im•okrd, Trustrr shall rrrord u nuticc of dcPuult in cuch counh in Nhicb pny pyrt �►f tha �=
<br /> Pruperty is lo¢ated s+nd+hall mai) cupies oP+uch nolicc in the manne�prr�crih��d by upplicuble Is�w to t3orruwer�nd to
<br /> � :,,,� the other penuns pr�scribed by appllcable luw. :�f�cr thr timc required b�appli��uMc lu��.Tru�t�ti.hvll p�ive puMic nutice `,,c_
<br /> of sule to the persons and in the mranner pr��xriikd bc upplicublc la��.Tru�t�r.��ithuW demund on Burrn��er.shull!;el)
<br /> Ihe l�roperty at public uuction to the hi�hest bidder at thc tin�r and place and irnder Ihc term�de.riunutcd in Ihe notice of �
<br /> .� .r•ulc in nne or murr parcels und in um ordcr Tru�trr detern�in��. Tru�t�Y mu� p��lp�nc,ale uf all ur um purcel of the
<br />, � PropeM� b� public announcement at thr timc and plurc��f am pre�iou,l� .ctu�lulcd wle. I.endcr or it!c de�iRn�e m�1� �.
<br /> i , purchas�the Nrupertv at any sule. �
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