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201100257 15. Succ�ssarsand Asslgns Bound; Joint and 8a�nsral Liability. Borrower may not assign arry rights or obligations under this Security Instrument or the S�ond Note, except to a trust that meets the requiremerrts of the Secretary. Borrawers �venents and agreemeMs shall be joint and several. 1B. Nottcas. My notica to Borrower provided for in this Securiiy Instrument shall be given hy delivering lt or by mailing it by flrst dass maii unless applicable law requires use af another method. The notice stmll be directed to the Property Address ar any other ackiress all Bonvwers Jointly despgnate. Any rwtice ta the 5ecr�t�ry shall be given by flrst class mail #o the HIJD �ield Office with jurisdiction over the Property ar any other address designated by the Secnetary. Any natice provided fnr in this Security Instrument sh�N be deemed to have been given to Borrower �r Lerxler when given as provkfed in this Paragraph 16. 17. GovsrningLaw; Saverability.This Security Instrument shall be govemed py Federal law and the law of the jurisdictkan in which the Property is lacated. In the event that any provislon or clause of this Security Instrument or tha S�cond Nate oonflicts with applicable law, such wnflict shall rrot affect other prnvisinns of this Security Instrument ar the Seoand Note which can be given effect without the oonflictin� provisbn. Ta this end the provisians af thls Security Instrument and the Second Note are declared tn bs sevarable. 18. Bamovr�r'sCopy. �qrrower shall be given one oonformed oopy of the Second Nate and this Security Instrument. NON-UNI�ORM COVENANTS. 8omower and Lender onvenant and agree as fvibws: 19. Assignmsntof Rsnts. Borrower unoonditionally assigns arxl transfers ta Lender all the rents and revenues ai the Property. Bamawer autharizes Lander or Lender's agents b collect the rents and revenues and hereby direcis each tenant of the Propsrty to pay the rents to Lender or Lender's agents. However, prior to Lender's notics to Borrower af Bomower's br+�ch of any covenant or agreement (n the Security Instrument, Borrower shall callect and receive all rents and revenues of the property as tnastee far the benefit of Lender and Barrower. This gssignment of reMs oonstitutes an absolute assignment and not an assignmerit for additionai security onty. If lsnder gives notice of hr�ch to Barrower. (a) all rents reoeived by Borrowar shall be heid by Borrower as trustee far benefit of Lender only, to be appqed to the sums svcured by this Sacurity Instrument; (b) Lender shall be entitled to callect and receive ail of the rents of the Property; and (c) each tenarrt af the Properly shall pay all rer�ts dua and unpaid to Lander ar Lenders agent on Lenders written demand to the tenant. Bormwer hae not executed any priar assignment of the rents and has not and will not perform any act that would prevent Lender from exercising i� rights under this Paragraph 19, except as provided in the First Security Instrument. Lander shall not be required to enter upan, take cantrol of ar rrw�intain the Property before or after giving natice of breach ta Bartvwer. However, Lender or a judicially appointed weceiver may do sa at any time there k a breach. My appiicatbn af rerns shail not cure or waive any default or invatidate any other right ar remedy af Lender. This assipnment af rents of the Pmperty shali terminate when the debt sscured by thie Security Instrument is paid in fuil. 20. Fareal�ur�Procedur�,If L.�nd�rroqulrosimmedlatapaymsnt in full by Paragraph9, Lander at its optian ma�l r�equir�s immsdia�s paymsnt In full of all sums ascured by this Security Instrument without furthsr demand and may invoke the power of sals and �ny other remedies permitted by applicable law. L,�nder ahall ba entitled to collect all exponsss inaunrd In purauinp the rerrn�adiss providedln this Par�graph�0, induding,but nct timitedto, r+�a�onable�ttomeys' (�as coat� of title evidence. If the power of aate ts tnvok�d, Truatee shall r�soQrd a notice of default in �ch county !n which any part of the Propsrty is loaated and shall mail copies of such notice in ,the mattsr preacribad by applieablelaw ta Borrower und ta ths other psrsons prescribsd by applid�bl� law. Aftsr the time requirodby applicablslaw, Trustsa shall �ive pubNcnotics of �la tv ths personsand in the n�nnsr presc�ibad6y applicabMlaw.: Ttusb�, without damand on Borrovwr, shall ssll ths Propsrtyat public auctionto tfw highfstbidderat ths,time and placeand underthe terms dssignat�din ths noticeof sale In ane or more parcelsand in any orderTrustss doterminss.Trus�ee msy pastponesale ot ail ar any par�l of !hs Proparty 6y public snnouncement at ths tlme and piace of any proviously schedulsd ssle. L.snder cr its de�rlynee msy purch�se the Properlal +�t any sale. Flnt AI�1�IkM1 l.p�n Prod110tla� SMrfoM � . (!h6nalt/ FIECM 8k+aq BAplily IrnYlM1M�11 O�oos FMt �m.�r, t� �.aw awurom uc � FALPSM U813: Ou108 NMFL �B908NE Dod Id: C3N& . Pepr 6 . . �o i , ,, i � c� ,.,, ,�,�, ., � � . �, . � � , �. . .i. , .. .. ., �. . � . . � , .� . .. , . . 1, ,