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<br /> 12. S,uccesso� nnd Assi�{n� 8ound; Jofnt nnd �evcrtel LIc�bltity; Co•St�ncrs. Thc cavennntti and �grccments of this
<br /> Sccurity lustrumcnt +hull bind and bcncfit tho succ�:ssors nnd assigns uf l.c�ndcr und l3rnruwer. +ubjcct w thc provisions of
<br /> paragr.iph 9.b. Borrower's c��vennnts and agm�mcntr� shall be joint anai sever,d. Any tie�rruvlcr whu c��-signti this Security E
<br /> Instrument but does not execuu:thc Nots: ln) is co-signing this SecuritY Instrument only to mortgage. grant and canvey thut
<br /> Bnrro�vcr's interest ia thc Property undaa•tho tarms uf this Sccurlry Instrument;(N)is iioi parsanally obliguted to puy the sums
<br /> secured by this Securiry Instniment;und(c)nBrc:es Qu�t LendCr nnd u»y other Eiorrowor m;ry ugrec to extend, madify,farbcar or _
<br /> makc uny accommadatinns with rcgard to tha tarms af this Security lnstrun�ent nr the Note without thut Borro�vcr's consent.
<br /> 13.Notices. Any natice ta Borr4�ver pro<<idcsd far in this 5ecurity Instrumcnt sh;ill Ix given by deUvcrin�it or by muiliu� '
<br /> it by first cl:►ss mail unlcss applic:►blc lu�v rc�uires�.�ec af anathcr metliad.The notice shall bc directed to the Propeny Address
<br /> or any other address Barrower dcsiBnntas by nntiae to I..cnder. Any n�tice to Lender shall be given by Grst cluss mail to
<br /> Lc;nde�'s address stated herein or any addn�s I.endfrr designaces by notice to BoROwer. Any notice provided fnr in this Security
<br /> lnstrument sh�U bc deemod to ht�ve bexn gi�en to Borrower or Lender when given as provided in this puragraph.
<br /> l4. Governin({ Luw; Savei�hility. This Security Instrument sl�ull be governed by federal Inw und the law of thr. �_
<br /> jurisdiction in which the Property is lacatcd. ]n th�event that 1ny pravision or clause uf this Security Instrument or the NotQ
<br /> canflicts with applicablc�Inw, such conflict tihnll nnt nffect other provisions of this Security Instrumr,nt or die Note which can bs
<br /> given effect without d��conflictinB provisi�n. To this end the pravisiona uf this Security lnstrument and the Note am declared
<br /> to be severnble.
<br /> tS.liorro�vei•'s Cony.Barrower stiull Ua}�l�en one conforn:ed wpy of this Security Tn�trument.
<br /> 66, l•1.�:stgttnc�e�3 c�f Rentn. Anrrower ��ncanditionally assigns and transfers to [.ender all ths rents and revenues of the
<br /> Property,�,itowec authori•r.es L�end,cA or Lender's agents to collect tlie rents and revenur.s and hcreby directs each tenant of the
<br /> Properc�to pa����e n»ts to Lencl�r or l.endcr's ugents. However, prior to Lender's ttotice to Banower of Bonower's breuch of
<br /> any covemint er�r�t�r�ent in the Se�:urity Instrument, Borrower shull collect and receive al! rents and revenues of the Property
<br /> us trustco fvr�ae be�aefit af L.ender and Borro«�er. This assignment of rents constitutes an absulute assignment and nat an
<br /> assigmm�i+i Por s:u�.iaonnl secur'.ty only.
<br /> IF JLender�-�.ti c�notice nF breach co Borrower: (a)all rents received by Bonower shalf be held by Horrower as trustee for
<br /> benetit��f Lend�s�nly, ro ae applied to thc sums secured by the Security Instrument; (b)Lender shull be entitled to callect and
<br /> rCCttve�7! 02 u7� r�nts ui iitr.Fcvjre�tr; di�d i�;��� ��n�i�!�i!'°P!'^,^.^_.*t; sh�ll pay all rents due and unpaid to I..ender or
<br /> Lender'.��ent on�.endor s writton demand to the tenunt.
<br /> Borrower ht�s not�xactittr,l nny prior asstgnment of thc rents and hus not and will not perform any act that would prevent
<br /> T..ender from vxomis9ng its rights under this puragraph 16.
<br /> L.en�er sh��ll:nn��e required to enter upon,t�lce control of or mainutin the Property before or after giving notice of breach
<br /> lo Borro�v�r.Iilo�vbver. Lender or a judicislly appointed receiver may do so at any time there is a breach. Any application of
<br /> rents shsll��►ot cure ur weive any defuult or invalidate any other right or remedy of I.ender. This assfgnment of rents�f tlta
<br /> Property alat�ll tarminatc when tlie debt secured by tlie Security Instrument is pnid in full.
<br /> NON-UA'I�QR�(�OVENANTS.Honower and L,ender further covenant und u�c�ee ns follows:
<br /> 17�Fat�xlu��r�Frocedure•If Lender requires immedtute payment in[uq under puragraph 9,ILendcr�nay invoke the
<br /> .,,,.�,,,. ..s .:oi�� A�d Anr other mnicdies cerm(tted by ap�lli�ble law. Lendcr shnll be ent�tled to collect all expcns�
<br />� �_...._ ... .__. .�.._ _..a
<br /> incurred•iY�pursuln�the��emedies under thfs purugraph 17�inefudin�, but not limtted 30,ceasunaoie uiivu.cy� ��w a��..
<br /> costs�f titto e.w�ldence.
<br /> I[the po�vPr o�'sale is tavoked� Trustee shall record a s�otice of default In each county in whtch any port of thu
<br /> Property is locuted and shaU mail copies of such noticc In the manuer prescribed by applicable Is�w to Borrower and to
<br /> the uther persons pnscrfbed bY sPP���ble law.Aiter the time requfred by applicable law,'fnutee shall give public notice
<br /> of salc to thc(�crsons end in the manner prescribed by applicsble law.Tn�stee,w[thuut de►nand on Borrower, shall sell
<br /> the property ut publlc auction to the hlghest bldder at the time aud place and under the tern�s designated In the notice of
<br /> ssile in one or c�or.e parcels and iu any order Trustee determines. Trustce may postpone sale oi all or wny purce{of the
<br /> Ih•o{mrty by nublic annouacement at the time and ptace of any previously scheduted sale. L.ender or its deslgnce may
<br /> purchASe the Property at any sale.
<br /> �.aa�NE� P�pe 6 0!8
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