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201005158 {~) Be obligated to pay Interest under the Note at any time, whether aoaved befnne ar of er the paymanta by the Secretary and whether or not accrued interest has been included m the ftrinupal balance under the Note. (d} No putt' of the Secretary. The Secretary has no duty to Lender b enforce covenants of the Second Security Instnrment or to take actions b preserve the value of file Property, even though Lender may tie unable to collect amounts awed under the Nate because of restrictions in this Paraggraph 13, i4. Forbsarancepy LendsrNot a Waiver. Any forbearance by )"ender in exercising any right or remedy shall not be a waiver of ar ppreclude the exercise of an ~gh or remedy. 15. Sucoessorsand Analgn:Bvund;Joint and Several ~iabiiity.Ttte oovertartts and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender. Borrower may not assign any rights or obligations under this Security Instrument ar under the Note, except to a trust that meets the requirements of the Secretary. eorrowers covenants arxt agreements Shari be joint and several. 1f. Notices. Any notice to Borrower provided far in this Security Instrurnertt shall be given b delivering it or by mailing It by first doss mail unless applicable law requires use of another method. The notice shelf be directed to the Property Address or any other address all t3orrawers intly designate. Any notice to Lender shall be liven by first class malt to Lenders address stated herein or arty address lender delig~ates by not+oe to orrawer, Any notice provided for in this Security Instrument shall be deemed to have been g+ven b Borrower or Lender when given as provided in this Pa raph 15. 17. ovennin~Law; Sevsrabllity This Security Instrument shall be govenied by Federal law and the law of the junsdiction in which the Property is kfcated. tin ttte event that arty provision or Clause of this Security Instrument or the Note conflicts with applicable law, such eonflrct shall nvt affect other pprovisions of this Security Instrument or the Note which can 6e given effect without the confiicfing pprovision. To this end the provisions of this Security instrument and the Note are declared to be severable. 18. 6orrower°st:apy. Borrower shall be given one conformed copy of the Note and this Security Instrument. NON-UNIFQRM COVENANTS. Borrower and Lender covenant and agree a5 follows: 19. Atasignmentof Rents. Bornnwer unwnditinnally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lenders agents to collect the rents and revenues and hereby d+rects each tenant at the Property b pay the rents to Lender or Lender's agents. However, prior b Lender's notice b Borrower of Borrower's breach of any oovertant or agreement in ttte Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as inastee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a} ail rents received by Borrower shall be held by Harrower as trustee for benefit of Lender only to be applied to the sums secured by this Security Instrument; (b} Lender shag be entitled b collect and receive ail of the rents of the Property; and {c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and wilt not perform any act that would prevent Lender from exercising its rights under this Pa raph 19. Lender shall not be required to enter upon, take control of or maintain the Prtperty before or after giving notice of tx~eh to Borrower. However, Lender or a }udicially appointed recen-er may da so at any time there is a breacl'i. Any application of rents shall nvt cure nr waive any default or invalids#e any other right or remedyy of Lender- This assignrent of rents of the Property shall terminate when the debt secured b~this Security Instrument is paid In full. ~0. ForeclosureProcedure.lf enderrequ reslmrnedlatepayment In full b Paragraph9, 4ender at its option may require immediate payment In full of al{sums seeur+ed by this Security instrument without further demand and may invoke the power of sale and any other remedies penmlttsd by applicable law. 4ender shall be entitled to collect all expenses incurrod in pursuing the remedies provided in this Paragraph~b, lnciudtng,but not iimiitedto, reasonableatlomsys' fees and costs of tins evidence. It the power of sale is Invoked, Trus#se shall record a notice of default in each county in which any part of the Propei7yis located and shall mail capiesof such notice in the matter prescnbedby applrcabielaw to Borrower and to the other persons prescribed by applicableiaw, After the time requtredby applicabielaw, Srustes shalt give publicnotioe of sate to the personsand in the manner prescribed by applicable taw. Flrst American Loan Psoducnor- Services rifetx8slca HECAA Security InsUument © 30D8 Flrsl American Real Estate Solutions LLC FALPS # UB05 : 05108 Page 6 NMFL 88807NE (QFNE)