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201007926 rereive all tents and revenues of the Propetty as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assigntnettt and not an assignment for additional secutity only. If Lender gives notice of breach to Borrower: (a) all rencs received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Secutity Insttument; (b) Lender shall be entitled to collect and teceive all of the rents of the Property; az�d (c) each teuant �f the Property shall pay all rents due and unpaid to Lender or Lender's agent ozi Lettdet's written demand to the tenant. I3otrower lias not executed any prior assignment of the rettts �ttd l�as taot and will not perfotm auy act that would prevent Lender frorn exercising its rights under this patagtaph 17. Lendet shall not be reyuired to enter upon, take contral of or anaiutaiu the Pxoperty before ot aftet giving notice of breach to Borrower. However, Lendcr or a judicially appointed receiver may do so at any tirr�e tlaere is a breach. Any application of rents shall not cure or waive ar�y dafault or invalidate any otlier right or remedy of Lender, '('liis assig►arnent of rents of the Property shall terminate when the debt secured by the Security Instrumeut is paid in full. 18. Fureclosure Procedure. If Lender requires ittxn�edi�te payinent in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by a�plicable law. Lendee shall be entitled to collect all expenses fncurred in pursuing the remedies provided in tltis paragraph 18, including, but npt limited lo, reasonable attorneys' Tees and costa of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in e�ch county in which any part of the Property is located apd shall mail copies of such notice in the �nanner prescribed by �pplicablc law to Borrower and to the other persons prescribed by applicable law. After tl�e t�me required by applic�ble law, '1'rustee, shall give public notice of sale to the persons and in the manner prescribed by applicable law. '1"rustee, without demand on Barrower, shall sell the Praperty at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or mure parcels and in any order 7'rustee determines. Trustee may postpone sale of all or any parcel of tl�e Property by public annuunrement at the time and place uf gny previously scheduled sale. Lender or ita designee may purcl�ase the Yroperly at any sale. Upan receipt of payment oF the price bid, Trustee sha11 deliver to the purehaser Trustee's deed cpnveying the Properky. The recitals in the Trustee's deed shall be prima facie evidence of the truih of the stakements made therein. Trustee sha11 apply the proreeds of the sale �n the following urder: (a) to all costs and exper�ses oF exercising the power of sale, and Che sale, including the payment of the 7'rustee's fees actually incurred and reasonabl6 al'&Q'6eys' fees as permitted by applicable law; (b) to all sums secured by this Security Instrument; �nd (c) any excess to the person or persons legally entitled to it. 1f tl►e Lender's interest in this Security I��strun�ent is held by the 5ecretary and the Secretary requires lmmediate payment in futl under paragraph 4, the Secretary may invoke lhe no��judlcial pnwer ut sale provided in lhe Single Family Mortgage Foreclosure Acl of 1994 ("Act") (12 U.S.C. 3751 et sea.) by reyuesting a fureclosure commissioner designaled under the Act to comme��ce foreclosure and to sell the Property as provided in the Act. Nothing in tlie preceding sentence sltall deprive the Secretary of any rights otherwlse avail�ble to a Lender under this paragraph 1$ vr applicable law. 19. Reconveyance. Upon payment of all su�ns secured by this Security Instrument, Lender shall reyuest Trustee to teconvey the Property and shall surrendet this Security Inscrumettt ancl a(1 notes evidencing debt secured by this Security Instrument to Ttustee. Trustee shall reconvey clze Property witl�out warrai�ty to the persan or petsons legally entitled to it. Such person or persons shall pay any recordation costs. Lender �nay cl�atge such person or persons a fee for recoqveyiug the Property, but only if the fee is paid to a third party (such as the Trustee) for services tendeted and the charging of the fee is permitted undet appiicable law, 20. Substitute Trustee. Lender, at its option, may frvm time to time remove Trustee and appoint a successvr trustee to any Ttustee appointed hereunder by an instrument recorded in the county in which this Security lnstrument is recorded. Without conveyazice of the Property, the successor ttustee shall succeed to all the title, power and duties confetred upon Trustee herein and by applicable law. 21. Request Tpr Notices. k3otrvwet reyuests that copies of the notice of default and sale be sent to Borrower's address which is the Property address. 22. Riders to this Secarity lnstrument. lf one or mare riders are executed by f3ottower and recorded together with tl�is Security Instrument, the covenatris vf each such rider shall be incorporated into and shall atnend and suppletnent th� covenants aud agreements of this Security lnsttument as if the rider(s) were a part of tktis Secutity lnstrument. [Check applicable box(es)] � Condominium Rider � Planned Unit Development Rider � Non-Ownet Uccupancy Rider � Graduated Payment Rider � Adjustable Rate Rider � Qther [Specify] � Growit�g �c�uity Ridet � Rehabilitati�� Loa�z Rider Borrower Initials: �( � C�� FHA NE8FL4SKA D�Ep dF TRUST - MERS NF.AOTZ.FHA 11 /01 /08 Page 5 of 7 DOCMBg%C�k� 800-849-?382 www. dacmaglc. com