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<br /> _ -�--�— — 12. S�cors pnd Asci�ns Boundi Jdat pnd Severnl I.Iwbilllyi Co-SlRaern. Thc c�w¢cuuns suui ugrcements of this
<br /> ____ _= 3ecudty [nsuument shnll bind w�d bonefit thc successnrs and �ign� aF Ixnder wu! &�rrower, �ubjc�.ti �o thc provisiuna of
<br /> �� pp�aQraph 9.b. Barrawe�'s coverwnu+ ud �gramcnb s;holl tx joint and xevcral. Any Bnnowcr who a►-xiyna this Sccurity
<br /> --_���� Instrument but doc�x not exccute the Note: lo)i�c.�-xigning this�Security Ins�rumem only tm m�rtgagc, granl und cnnvey Ihol
<br /> .�---- -----���=� Harrawer's interest in thc Property undcr the tcrnu oi thia Security Instrumeot: lb1 is not per�cmully�liguted t��puy the aums
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<br /> _ �,�,_y,1 secu�cd by this Securiry Ins�run�ent;wid(c) ugrces thut Lcnder and uny other&►rrnwcr muy ogrct tu extcixl,m�Klify, fiubeur ur
<br /> _��--�--�-'� make any ooromnndwlonr with rcgard to the lerm�of this Seruriry I�strument nr the Nnte wilhuul thut Born►we�'s consern.
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<br /> T !�.NMkes.Any notice to Borrower pravided for in this Se�urlty Instrument shull hc given by dclivering it ar by nwiling
<br /> �� '�-° �n'R it by first clacs mail unless applicable Inw requires use of uno�her method.The nntice shall l+e direrted to the Prapeny Addre.�.r
<br /> � K��- or s►ny other address Borrower designutes by notice to Lender. Any noti�e to L.ender rhall Ue given by fir�t cl�.�x mail lo
<br /> '' Lender's address stated herein or any address l.ender designntes by notice to&►rrower. Any notice provided for i��his Security
<br /> - �'� � ' �����r Instrument slwll be deemed to huve been given�o Borrower o�Lender when given a�prrnided in ihis paragraph.
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<br /> -'-�., ., � " 14. Governing I.Aw; Severability. This Securiry Ins�rument shull bc governed by tedcrvl luw un�l the luw of the
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<br /> jurisdiction in which the Property is lacated. 1�the event�hut any provixion or rluuse of this Security Instrument or the Note
<br /> - � ,�.;�-��° ;��'';`:,; conflicts with Applicabfe law,such conflict shall n�n affect othe�provisions uf this Security Iar•trumem or the Nae which cun be
<br /> �-'���.`�''�' � given effect wtthoul the can8icting proviaion.Ta this end the provisivas of this Security In.�trument wul the Nde ue declared
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<br /> ""�,. .� to be severable.
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<br /> -���..- :-."�`. '..�:' 15.Borrawer'�Copy.Borwwer shAll be given one confomred copy of this Security Inslrument.
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<br /> '���T , �� + r�+� 16. Assignment of Renta. Borrower unrnnditionally ussigns and trnnsfers to Lender all the rents wxi revenues of the
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<br /> ��:�� . ,. .. Property. Borrower authorizes l.ender or Lender's ugents to collect the rentx and revenues and hereby directs ench tennnt of the
<br /> ��� . .�a:'��=•,;rr^�� �:-;Y. Property to pay the rents to l.ender or Lemler's agents. However,prior to L.ender's notice ta IioROwer of Borrower's breach of
<br /> '`� � : �-- �'�•� �'t�' any covenant or agreement in the Security Insttument.Bormwer shall callect und receive ull ren�s und revenues of the Property
<br /> �:.�� ° `�'��:� as tnistee far the benefit of l.ender and Barrower. This assignment af reMs constitutes an �bsolute assignment aad nat nn
<br /> '' ; assignment for additional security only.
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<br /> � If L.ender gives notice of breuch to Barrower: (a)all rents received by &urower tihall be held by Borrower as trustee for
<br /> r; ' � l+enefit of Lender only, ta be applied to the sums secured by the Securiry Instrument: (b►Lender shall be entitled ta callect and
<br /> � ,. .i° ,�=c, - receit�e a!! nf!he rents nf the Property; and (c) each tenent �P the P�r�erty ,,hall pny all rents due and unpaid to I.ender or
<br /> '',``, � . •'�;�,; l.ender's agent on l.ender's written demend to the tenant.
<br /> - •- , .. &�rrower has ncH executed any p�iar ussignment nf ihe rents and hns nat und will not perfnrm any�u:t�hat would prevent
<br /> � �, L.ender from exerci�ing its�ights under this paragraph Ib.
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<br /> _ � .,, ' � ` : l.ender xhall not be reyuired to emer upnn.�uke control�f ar muintuin the Property before ar nfter giving ixxice of breach
<br /> � �u'�:� � • to Barrower. However, Lender or u judicially upp��inted rereiver muy do so at any time there is s�breuch. Any upplication of
<br /> ' .�, � °�..^ rents xhall not curc or wuive any default�r invnlidate any other right �r remedy of L.ender. This assignment of rents of the
<br />=. . .. • Property rhall termina�e when the debt,ecureJ by thc Securiry In+trument is puiJ in 1'ull.
<br /> '° ''�' NON-UNIFORM COV�NANTS. &►rrowcr und l.rnJcr funhcr�ovcnunt anJ uurcc us ti,ll�wx:
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<br /> . � " . � ' ., . 17.Foreclosure Procedure. It I.rnder requirev imincdlatc payment fn full unde�purap�raph 9, Lender may imoke the
<br /> �� � �" • po«•er oP sale and any other remedies ���aea ny applicnblc law. I.ender xhall hc rntitled to rollect all expenses
<br /> - • � incurred in pursuinK the remedies under this paragraph l7, includinR.but nnt Ilmited to. rea�onnble attorneyc' fe�and
<br /> '� � � • costa of dNe evidence.
<br /> ° .: " li the puwer oF sale is Invoked, Trustec vhell r�tiord u notice of defuult in eacB county in which uny pArt of the
<br /> ' ' � . Prnperty is Inc�ted und xhall mail c��pirs of such nnticc in the munner pn�+crfbcd In• upplicabk I��v to Bo�rower and to
<br /> . � . the other pe�ms prescril�ed by upplicublc laµ•.Afler the timc r��uired by applirabk laµ, '1'rust��shall Qive public noUce
<br /> �� � • of sale to the pe�ons and in Ihr manner pr�crilxd ny upplicuhle law.Trust�ti, wilhoul d��n�und un&irrmver, shall sell
<br /> '^"r'' � the Propertv at publk uuctlon to the hiRhcst biddcr ut thc timc und pl�c und undcr the tcrmti d�i�;nated in the notice oi
<br /> �', ! sale in nne or mum puneh und in am�order Truxtce determines. Trust��e muy� p�stp,�nc wlc �►f a0 or am• purcel of lhe
<br /> • '•�`•" Prnpet�ty by publk unnouncement ut thc timc und plurc of ui» prc�iuusl} snc�dulcd +ule. I.endcr nr ih detii�;nee may -
<br /> � �" � purchaK the Prupert�•at any sale. :
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