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<br /> lx. Succcs�;��r�� �nil A,ssl�,ns i�r�ra�id; ,lal►�t eud Sevcrai I.4ublAity; �:o-giKnct�+. 'fhc covc�r,inty and uErcciricuts uf�h�+ �=
<br /> Sccurity Instrument siiaU hind und benefit thc succcssors und ussigns of Lendcr und 13orrowcr, sutsjcct co the provir�icmy uf
<br /> ' paragwapl� 9.b. tinrrc�wer's cnvennnts and agrecments rJfall be joint n:ul sever�l. A�ry [iorrower who co-sign5 iM,r• Secudry
<br /> Instrument but does not execute thr, Idote: (U) Iti CU-SI�IlIO�j lIlI9 SCCUTIIy IIlSp'lttliCltl 011Iy l0 I110:'t�'p$C, grcmt c�nd convcy p►ut
<br /> &,r►awcr'o s��¢ec�t!��.���^_��.:��+ur:l�r the ter:ns�sf tlti�Secer!ty t���trununt: (b)I5 I1Q1�1CTS011AIIY p�JI�'AIC(I IO p(1y llle fi111115
<br /> nccom�t.hy e9�ix S,�u�itv,Ii�tnuneqt:,nnd lc)ugrees that 1.cnQcr�uid imy othcr C3orrow�cr may i.�grcc ro ex�end,maiifv,forbcar ar
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<br /> ���µ��w;��,'�.�.....,;ny�r�o,ws�i.:._:�,.r� tn th���rm�of iids Securi►y L�strumcnt ar thc Notc without that F3orrowcn c�anscnt.
<br /> 13.Naticc.w.Any noticc to Borrowcr pro��ided for in tliis Sccurity Instrument shall be given by dclivering it or by iriuiUng
<br /> it by first�class muil unless upplicnble!nw rquirrs uso oF anothar methad. The noticG sl�all be directed to thc Property AJdress
<br /> or any othcr addecss Bon•owcr designates by no�ice ta Lcndcr. Any notice to Lendcr shull be given by first class muil ro
<br /> Lender's address stutul hcrein or any address Lender dcsignates by notice to Borrower.Any noticc providcci for in this Sccurity
<br /> Instrument shall bc deemed to havc bcen given to Borrower ar I.onder when givcn us provided ln this puragraph.
<br /> 14. Governing Ls►w; SeverabElity. This Secur�ty instruinent shuU bc govcrned by federn! law nnct the law of tho '
<br /> jurisdiction in which the Propeny is located. In the event that nny provision or clause of thls Security Instrum�nt or the Note
<br /> confllcts wit(i upplicable luw,such conflict shall iiot affect other provisions of diis Security Instrument or tl�e Note which can be
<br /> givcn effcct without the conflicting pravision.To this end the provisions of thls Security Instrument and thc Note are dxlared
<br /> ro bo scvcrablc.
<br /> 15.Borrower's Co�►y.Borro�v�r shall be given one conforit�ed copy af this Security Inserument.
<br /> 16. Assignment of Rents. Bormwec unconditionally nssigos and transfers to Lcnder all the rents nnd rzvenuts of the
<br /> Praperty. Horrower authorizes L,ender or Ia:nder's u�ents to collect the rents and revenues nnd hereby directs each tenant of the •
<br /> Property to pay the rents tu Lender or L.ender's pgents. However, prior to Lcnder's not[ce to Borrower of Borrower's breach af
<br /> any cuvenunt or agreement in the Security Instrument,Borrower shall collat and receive all rents and revenues of the Propeny
<br /> as trustec for the benefit of I.ender und Bor�owcr. This asslgnment of" �ents constitutes un absolute assignmcnt and not an
<br /> assfgnment for additianal security only.
<br /> jf tr„a,��a�y»�nn�rw nf hri�rh er�Rnrrower: (al all rents reccived by Borrower shall be held by Bonower as trusta for
<br /> be��efit of Lender only,to be applied to the sums sacured by the Security Instrument; (b)Lender shall be entitlal to collect and
<br /> receive ull of the rents of the Property; and(c)each tenan4 of the Propeny shall pay all rents due and unpaid to L,erxier or
<br /> Lendcr's agent on I.ender's written demand to the renant.
<br /> Borrower has not executed any prior assignment of the rents and has nut and will not perforn�uny acK that wo►�ld prevent
<br /> I.Pncler f�om excrcisin�its rights under this paragraph 16.
<br /> Lender shall��ot be requiKCd to enter upon.take control af or niaintpin tlie Property before or after giving notice of breach
<br /> to Borrower. However, l.encler or u judicially appointed receiver may do so at any time therc is a b:each. Any application af
<br /> rents shall not cure or wuive uny default or invnlidate any other right or remcd,y of Lender. ThIs assignment of rents of the
<br /> Propeny shall terminate when the debt secured by the Sccurity Instcument is paid in full.
<br /> NON-UIVIFORM COVENANTS.Barrower and Lender furthcr covenant a��d a�roe as Follows: �
<br /> 17.�'oreclo�ure Procr.dure.If Y.ender requtres immediate ppymenl:in[ull un�er par�reph 9,1.ender may invoke the
<br /> power o[ sale aml xny otfier remedtes permflted by applkable law. I.ender shwll be entltled to wllect All expe�mt�s
<br /> incurred fn pucsuing the reme�li�under this peragrapl� �7,imluding,but nut limited to, reasonable Attotmys'feea pnd
<br /> cost�of title evfde►xe.
<br /> Yf the puwer o[sale Is invoked, Trustee ahall record a notice or defuult in e�eh eounty 3n whkh Any pwrt o[the
<br /> Fr+operty is locxted xnd shaU mail copfes of�uch nqtice 9n the mAnner prescdlbed by xppikablc IAw to liorrawer And ta
<br /> trie oti�er persuns prescdbed by applirable law.After the time required by applicable law,Trustee shall gtve pubUc nottce
<br /> of srale to the persoiLg And in 47ie mam�er prescribed by applicable law.Triustce, w3thout demand on 8orrnwer,shall sell
<br /> the Property wt public Auction to the highest bidder at the tlmu and place and under the terms designAted in the nMice ot ;
<br /> s�le In une or more pmrcels and fn any order Trustee detcrmines.Trustee may postpone salc of all Qr any pArcel o�the
<br /> Prope»y by pubiic announcemtnt at the time and placc of any prevlously schedoled sale. Lender or its designee m�y
<br /> EwrchASe the Property at s�ny sale.
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