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201008179 <br />15. Succ�ssonand Assigns Bqund; Jo and Sowral Llablllly. Bomower may ndt sssign any <br />rights ar obli�atbr� under this Securiiy 1 �rt or the Second Note, except to a tnast that meets <br />tlt� r+aquiremeMs of the Secretary. Borrowe�a venaMs and agreem�nts shall be jaint and senrerai. <br />76. Noltc�s. Arry notice ta Barrower prq for in this Security InstrurneM shali be piven by <br />deliveiirg it or by rngiling it by first ci�ss meil unt�s applicable law requires use of another method. <br />The natke sh�b be direded to the Property Address or arry attter addre�s all Borrow�s joir�Uy <br />d�ignate. Any notice to the 5ecretary sh�tll be given by f�t cl�ss tnaN to the HUD Field Offlce with <br />jur�dic�inn over the Properfy or any oth�r edd�s designated by the Secret�ry. Arry no+tice provided <br />for in this Securii�r Instrument sheiN be deemed � h�ve been given � Borrow� or l.erder when <br />given as pmvided in this Par�graph 16. <br />17. Gnwmin�l.aw; Ssv+rebility.This Security Ir�trument shaU be govemed by Federal lew and <br />the law of the jurisdiatbn in which the Prnperiy is bcated. In the errent tl�at any provisbn or Gause <br />of this Securify Ir�strt�ment qr the Secvnd Note conflicts with applicable l�w� suah wr�ict shaM nat <br />affect other provisions of this Security Instrument or the Seodnd Note which can be given effect <br />wittwut the aan� proviebn. To this end the provisions af this Secu�ity Ir�Uum�rt and the <br />Second Note are deciared to be severahle. <br />18. Borravwr'sCoPY- Borrower shell de �iven one aoriforrned copy o1' ttte S�oond Nate and this <br />Security InstrumeM. <br />NON-UNIF�RM COVENANTS. Bvrrower and Lender aoverrent and agree as �oNows: <br />19. AsslpnrrMntaf R•Ms, Borrower unaonditbnaAy assi�ns and tr�r�sfers to Lende' aN the rerrts <br />and revenues of the Properly. Barrr�wer autharlxe� l.ender or Lender's agen� to called the rents <br />and revenue� and hereby directs each ter�ant of the Property b pay the rents to Lender ar I.enders <br />agents. However, prior to Lende�s nalloe �a 8ornower of Bonvwars breach of any covar�ant or <br />agreement � the Security Instrument, Bomowoer shall aollect and recelve all rents end revenu�s of <br />the Properly as tn�tee �or tl� beneflt af Lender and Bomower. This assignme�nt of reMs c�nstitute� <br />an eb�olute assbnmeM and r�t an assbnment tor additivnai seaxity only. <br />If L.end�r give� rwtice of breach ta Barower. (a) ap rer� r+aoeived by gomawer shall be held by <br />Bortuwer as tn�tee far beneflt of Lerider only, to be appqed 1a the sums secured by thls Seairity <br />Instniment: (b) L�nder shaN be entitled td colleGt and reoeive all of the rents of the PropeMy; and (c) <br />�ch tenant ort the Properly shall pay a11 rertts due and unpaid fia Lender or L�cle�s ageM an <br />Lender's written dsrn�nd tn the ter�nt. <br />Borrower has nat executed arry prlor assignment of the rents and hes rwt and wNi not pertortn <br />any act that would prevent l.ender from e�cerdsing its rights under tF�s Paraqrapt� 19, e�ccepi as <br />provided in the Fkst Secur(ty Instrumeryt. <br />L�ncler shaA not be required to enter upon, take a4�o1 ot or maMtain the P�+aperiy before or <br />efte� givinq notioa of br�ach io 8omower. Hawever, Lender or a judidally appointed receiver may do <br />so at any time �ers � a br+�ch. Any applicatbn af rer�ts sh�N not wre ar waive a�rry de�auii or <br />invalidate any other right or remedy of Lender. Th1� a�slgnment of retns of the Pmperty shall <br />terminet0 when the debt secured by this Security Instrument i� p�id � fup. <br />�Q. Fonalosur�Proadun.li l,�nd�rrrqufrssimm�di� parynNnt In fu116y P�ra�t�qh9. Lender <br />at its optlon may roqulr+e tmmsdlab paymsnt in iull ot all suma �ecur�d by this Sscurtta► InstrumeM <br />withaut futthsr dsrr�nd and rr�y Imrvke �v povwr of s�la and any oU�ar nm�di�s �sd by <br />applicabh law. I.�r�d�r shal{ 1� sntiWd N callsct all expemaa incrund in pursu{np fhi r�etnedies <br />provid�dln tl�is ParaSraph20, indudin�,but not limiled�, rwisonabMatt�rne,ys' 1b�s v�sts of Utle <br />avidoncr. <br />If th� powrr of qM Is Invok�d, Trustea shall rrcar�d a no�lcr at d�tauk in sach �ouniy in which <br />any part ot tl� Propaty Is lacabd �nd �11 rr�il capi�s nt such natiaa in ths met�sr pro�crlbedby <br />appiicablelaw to Borrowsrand to ths Mh�r psrsonspr�s�xib�db�l applictblelaw. Albr the time <br />roquirod by appllqblsl�rv� Ttustae shall piw pubik no�ae of s�M to !h� persar►*and In � menner <br />p�scribodby appNc�bM{ew. Tnts�� wtthart d�rr�nd on Borrow�sr. shall �11 th� Prop�rtyat publtc <br />auahon to tl►� hlqfwst biddirat ths time and pl�a� and und�rlh� arms dest{�nai�din tla natic� of <br />:ale in an� or mon p�r+oNsand in ar�y ar+d�rTrrus�ss d�t�rmlrws.Trus�s� msy postpar�spl� o� all or <br />any par�cel of ths Pr+op�rla► bY Pubflc announa�msnt at the tims and pl�as af �nY p�p�Y <br />scheduled sels. Lend�r or its deai�nas n�sy purchasr th� Propsrty at an�► ssle. <br />Fl�t MwfOm Wr1 P4qd�+eYon BMYfPM lM6�a�ka FIE�CM 8�oad S�o►�I�r IntYum�nt <br />010DS Fir�t NMrk�n liMl FaNn BaNNwr IJ.0 <br />FALP9M UB1�: OIIG� I�F1. rBEOl1� Ooe Nk QQNE � B <br />s� <br />