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<br /> ,�� �''• ' ' 12. Succcssorn And Assi�ns Bnundj Jaint and Sevct�l I.IoMNtyi ���SlRnern. Thc covenonts unci agrcemems oi this
<br /> :�'_=-'—�•:�_=�__..*✓ � Secu�lty Instrument .r•hnll hind und benefit the successnrs un�f araignx ��f l.ender und 8orrower, subject to the pr�vixiona of 6�
<br /> ,�� .;•_ �� ',:�� purngraph 9.b. Bormwer's cavenanu: and agrecments sholl he jnint and hevernl. Any 8arrnwer wh��rn-xigns thix Security
<br /> � •}�� lnstrument but does nc�t execute �he Note: lu) i�co-signing ihis Securi�y lnstrumem only ta mortguge,grunt und remvey�hat
<br /> ..�,,_,:;,' ,;.;.:1 d,_r?. Borrower's intere�t in the Propeny under the tcm�s of thiti Security Ins�niment:lb)is nnt pena►nully ubligu�ed tn pAy thc�ums —
<br /> � � - secured by�hia Secu�ity Ins�trument;und(c)ugrecx thut l.ender unJ nny nther&�rcower muy ugrec to cxtenJ, m�xlify, fi►rbeur or
<br /> o �'� ��"\�r� ��° make any accommndatinns witb regw�d to tlus terms of this Securiry Inslniment or the Note without thW &�rcawer's conscnt.
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<br /> �•�-•� •' �� •r'� - 13.Notices. Any notice to Burrower proviJed for in thi� Secu�ity Instrument shull t►e given hy dclivering it ur by mailing
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<br /> . it by first clatis muil unless applicnble law requirc. use�+f unnther methad. The notice sholl ix:direc�ed w the Prapeny Address
<br /> � ° or uny other address Borrower designute+ by notice to L.ender. Any notice w Lender shull be given by flrst clas� mail to —
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<br /> ° Lender's addresg sta�ed herein or uny addres+Lencier designutes hy n�tice[o Born�wer. Any nwice provided fo�in this Secu�ity
<br />�%' ��'� ' . " • In.ctrument shull be deemed to hAVC been given la Born�wer or L.ender when given ag provided in this parngraph. _
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<br /> i''�.. . , ° l4. Governing law; Severability. This S�tiuriry Iny�rument tihall bc govemed by faleml law anJ the luw of the
<br />• � ' jurisdiction in which the Pmperly is I�xuted. In the event thut any pmvisi�u�or rlause aP this Security InstrumeM or the N�te
<br />;,,.,: , � . „ ; .„ .., conflicts wieh applicnble I�w. such c��nflict shull not uftcct�uher provisions of this Security Imtrument or the Nate whinc�an be �,
<br /> . � � given effect without the conflicting pravisian.To �his end the provisiun5 uf�hix Security Instrument and the Note are declared
<br /> , a . . •• to bc severable. �
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<br /> ., �� l5.Borrower's Copy.&mower shall bc given one confarn�ed copy of�his S�turity Inatniment. —_
<br /> � " . 16. Assignment oP Renls. &�rrower uncondi�ionully ux�igns �nd trunsfers to Lencicr ull the rents and mvenues of the —
<br /> • � Praperty. &�ROwer autharizes Lcnder or l.cndcr's ugentz a►cullect the rents und revenues and hereby directs each tenunt of the � ,_�;"�-
<br /> � , Propeny to pay thc rents to Lcnder or Lendcr's ugenth. Nowever,prior�o Lender's notice to Borrower ot Borrower's breach of
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<br /> � any covenant or ugrcement in the Security In.tniment, Borrowe�shall collect and mceive ull rents nnd revenues of the Propeny �?'`.+'�.. ...--
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<br /> *_-_�� as tn�titee for 1hc benefit af Lender und Borrower. This a�tiignment oP rents constiwtes an absolute uxsignment end not an —_—°
<br /> • .. ass�gnment foraddnionai x�uriry�mly. ���ys��-^�
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<br /> . ,,- � . If Lender gives natice of breach ta&�rrower:(u)all rents received by Borrower shall be held by Bo�rower as trustee for =-
<br /> ' " benefit of l.ender anly,to be upplied�o Ihe sums secured by the Security Instrumenl; lbl L.ender.hull be entiUcd ta collect und i _
<br /> � s`-- - reeeive uU ol the rents oi the ProFx:ny; urKi �ci cuch �nouot uf ti�e Prop�.rty sha:l pay al! renlx due and unpaid to Lender or __
<br /> " • Lerwcr's agent c�n l.ender's wriucn demand�o thc tenant. °__---
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<br /> �� ,���� Borrower has not ex�utcd uny prior as�i�nrrxnt uf thc rent.r and hati n��t und will not perfu�m uny act that would prevent _
<br /> I.ender from exerci�ing its rights unJer this parugrnph 16. =
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<br /> � l.ender shall not lx requir�Yi to entcr up�m,tuk�contrul of ur maintain thc Prnperty bePore��r ufter giving nnticc af breurh �"`"z:a;R
<br /> to &�rrower. Hawever. I.enJer ur u juJicially up�►in�cd recrivcr may J�� +��u�c�ny time ther�is u bmach. Any applirution��f `
<br /> . rents shall nol curc ur waivr uny J�I'uult ��r invalid•rte any ud��r ri�:ht ur renxdy of I.cnJer. Thi+ a,si�mnent of rents of the '��,;::;,m "�'
<br /> , �.,'�•, . Properly shull terminate when thc Jcht.crurrJ hy the Scrurilv In.�rument i+paiJ in full. �.�;�::-°
<br /> - NON-UNIFORM COVENANTS.Hnrruu•cr and I.cnJcr funhcr���ccnarn unJ agrrca+fi�0ow�: `. 7�f;:;
<br /> 17.Foreclnsurc Proccdurc.If'Lender rcyuir�h immcdi:Nc pa�ment in Pull undcr purugruph 9,I.endcr ma��invoke the =
<br /> �r '� ' pow•er �►t sale and any other remedies penniped b� uppllcahle lu���. Lcnder shull be entitk�d to collect ull expens�s E.'_'•;�_,
<br /> %�'��,• incurred in pursuin�the rrmedies under thls paru�raph 17.Includin�;.bu1 not limited to,re�nable altorneys' Pcex and - -
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<br /> •• „ . . c�t.�oP dlle evidenre. • ,,.-«�, .
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<br /> IP the pnH•er of xule ix invuked, Tru�l�w zhull r�YUrd u rn�tice oi deiuult in eucb count�� in N•hich any part of the � =`'`_ _
<br /> ' Property Is Incuted and shull muil copi�w�d'such anticc in tl�e munner pr��+crfbed b}• appllraBlc laa� to liurrower end to w
<br />�I � .r,,. the ather persu��.ti prcxrfl►ed b�•epplicaMe lu�c. Aftcr the timc requimd by uppOcablc la��,T�est�Y shull Rive public nnticc --:.�;_
<br /> � �` ' of'sule to thc pen�ms und in thc munncr pnyrrii►ed I» upplicublc In���.'fruct�w, ���{thout de�nund nn Borroa�er, tihall sell �, �,
<br /> � "� �� the Propert�•at publir uuctinn In tlir hiuh���bidder ut the time and pl�e und undcr thc term+d�i�;nated in the nolice of .
<br />' ' '. tialc in one or murc pn�ccls und in am nrdcr Trux�ec dctcrmincs. 'I'rust�r mu�� p��+t��ne sulc oP uU or um• purcel uP the .
<br /> � . Property In• public unnow�ccment ut thc time �md plurr of an� prc�iou+l� xheduled xalc. I.cnder on c�d�hi�nee may
<br /> ,� .''� purchusc thc Propert��at anv sale. � • �
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