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201100136 receive all rents and revenues of the Propexty as trustee for the bcntfit of Lender and Borrower. This assignmsnt af rents con�stitutes an absolute assignment and not an assignment for additional security only. If Lender givcs notice of brcach to Borrower: (a) all ren� received by Borrower shall be held by Bonower as trustee for benefit af Lender only, to be applied to tt�e suma secured by the Securiry Instrument; (b) Lender shall be entitled W oollect and receiva all of the rents oF the Property; and (c) each tenant of tha Praperty shall pay all rents due and unpaid to I.,ender or Lender' a agent on Lender's written demand bp the tenan� Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising fts rights under this paragraph 17. Lender shall not he requircd to aiter upon, take conh�ol of or maintain the Praperry before ar aftex giving notice of broach to Borrowr,x. However, Lender or a judicially appointed receiver rnay do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This aasignment of rants of tlae Property shall terminate when ttxe debt secured by the Security Instrument is paid in full. l8. Forecl�ure Procedure. Tf I.ender requiree fmmedlate payment in full under paragraph 9, Lencler may invoke the power of �ale And any other rem�lies permitted by appllcable law. Lender shall be entitled ta collect all expensea iacurred in pursuing the remedie6 provided �n this paragraph 18, including, but not limited to, re�sonable attorneys' fees and costs of title evldenee. If the power of a�ie ia invnked, Truetee ehall record a notice of def4ult in es�ch county in whfch aay part of the Property la located and shAIl mail copies of �uch notice in the manner prescrlbed 6y appiicable law tn Barrowsr and to the other persons prescribed by �ppUcable law. After the time required by applicable law, Trustee, shall glve public notice of sale to the peraons aad in the manner prescribed by applicabie law. Truetee, without demand on Bnrrawer, sha11 sell the Property at public suction to the hfghest btdder at the tima and place and under the terme deaignated in the notice of sale in one or more pnwcsls and in any order Trustee determines. Tru�tee may postpone aale of al1 or any parcel of the Property by public annauncenaent at the time and place of any prevlously echeduled aale. Lender or its designee m�y parchase the Property at any sale. Upou roceipt of payment of the price bid, TYuatee ahall deliv�r to the purchaser Trustee's deerl conveylag the Property. The recital� ln the Trustee's deed shall be prima tsde evldence of the truth of the atstements made therein. Trustee shall apply the proceeds of the sale in the (allowing arder: (a) to sll costa and expeases of exercisiug the power of sale, and the s�e, including the payment of the Trustee's fees actu�lly lncurred and rcasoaahlE a�Gi�9eys' feea xs permitted by appiicable law; (b) to � aurns aecured by tb�is Security Inatrumeaut; and (c) any ezcess to t6e pecson or persons le�ally ent[tled to i� lf the I.ender'a interest in this Security Inetrument is held by the Secretary snd the S�retary requires immedfixte payment in full under para�raph 9, the Secretary may invoke the non,�udlcial power of sale pruvided im the Single l�xmily Mort�age l�oreclognre Ac# of 1994 ("Act'� (12 U.S.C. 37S1 et eea.) by requeating a foreclosure commisaloner desi$nated under the Act to commenee forccloaure and to �ell the Property as provided in the Aet. Nothing ln the precedin$ eenkence sha�l deprlve the Secretary of any righta otherwlae available to a Lender under thia parxgraph 18 or applicable Isw. 19. Reconveyance. Upon payment of all sums secured by this 5ecurity [nstrumient, T�dcr ahall request Trustee tn reconvey the Froperty and ahall surrender thia Secur�ty Instcuu�ent end all notes cvide�ncing debt secured by this Security Instrument to Trustee. Trustee ahall reconvey the Properry without warranty to the person or persons legally entitled W it. Such peraon or persans shall pay any recordation costs. Lcnder may charge such person or persons a fee for reconveying the Property, but anly if the fce is paid to a third party (such as tho Trustee) for serviccs rendered and the cnarging of the fee ia permitted under a�licable law. 20. Sub:tltute Trustee. Lcndcr, at ita option, may from time to time rernove Trustee and appoint a succassor trustee W any Trustes appointed hereunder by en instrument recorded in the county in which this Securiry Instrument is recorded. W'rthout convayance o£ the Property, tt►e successor trustee aha11 succeed to all the ritle, power and duties conferred upon Trustee herein and by applicable law, 21, Request for Notkes. Borrower requcsts t�at copies of the notice of default and sale be sent to Borrower's address which is the Property address. 22. Ridera to thia SecurGty lastruiment, If one or more riders are execubed by Borrower and recorded together with this Security Tnstnutaent, the cqvcnants of cach such rider shall be incarporated into and sk►all arnend and supplement the covenants and agreements of this Securiry Instrument as if the ridcr(s) were a part of this Security Instrument [Check applicable box(es)] [] Condominium Rider [) Graduated Payment Raider [J Growing Equity Rid� (] Planned Unit Developrnent Rider � Adjustable Rate Rider � Rehabilitation Loan Ridec [] Non-0wnar Occupancy Rider [] Other [Specify] FHA I��RA$1(A (��$7 QF TFi1J$T - MC� DOCMp�lC �1X� 8Q0-B49-1962 N�QTZ.FHA 11I01/OS Pape 5 pf 7 www.tbcmagJccan