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-i ' ,~-RECORDED 201004873 201000594 _.._ .L-___---.-_-_-.. ......._..~ w...........~.., ___.............._...,...w..........,,....,.,. Borrower has not executed any prior assignment of We rents and has Hat and will not perform any act that would prevent Lender from exercising its rights under this paragraph 17. _. Lender shall Hat bes ~grdred to ender upon; take cantml of or maintain the Property before ar after giving Halite of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any kime there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right ar remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in fiill. 18, Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies under this paragraph 18, including, but not lhmited tv, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of surb notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the tame required by applicable law, Trustee shall gave public notice bf sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public aactian tv the highest bidder at the time and place and under the terms designated in the notice of sale in one ar mare parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1984 ("Act") (12 U.S.C. 3751 et seg.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. Upon receipt of payment of the price bid, Trustee shaA deliver to the purchaser Trustee's deed conveying the Property. The redtals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the follvwiug order: (a) to all casts and expenses of P.xercising the power of sate, and the sale, including the paymr~nt of the Trustee's fees actu~;;ly hncurrrd, nrt to exceed % of the principal arno~unt of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person ar persons legally entitled to it. 19. Reconveyance. Upon paymenk of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instn-ment to Trustee. Trustee shall reconvey the Property without warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. Substitute Trustee, lender, at its option, may from. time to time remove Trustee and appoint a successor trustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument u recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request for Notices. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to this Security Instrument. if one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreerr-ents of tl-is Security Instrument as if the ridex(s) were a part of this Security ,~$rument. [Check applicable box(es)]. LJ Condominium Rider ~ Graduated Payment Rider ~ Other [Specify] 0 Planned Unit Development Rider Growing Equity Rider 2734548--703 - -4N(N~ ~oao~) W Ww. Docsnrxtrcr. cQrvr _ _ M742048 - -- . __. ~~~ Page 7 9f 9 IniWls• oiizzizoio xz:os riot tv>;w Loa.)v