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<br /> . . . !2. Succecso� and AsQiQno goundi Jdnt ond Seva�l Llabfllty= CaSlQaen. The covenu�ts aad a�raanenta oi this ==-
<br /> ' Secudty Insttwnent sfwll bind and beneflt the succeswrs uxl aasignt oi Lender ud Bnmawer, wbjec� to �ha provisiau af
<br /> � . parngraph 4.b. l3ormwet'u rnvetwnir rnJ ��{Rrn�cnt��iwll b�jvb+t r��l scror�l. Any Ba�uwcr wiw �v-tti��u il�is Stxurity -- -- - —
<br /> • Instn+ment bul dc�a rtat exeeute tho Nwe: (a►is casi�nin�thir Secu�ity In�rument ady to moNg�e, granl and rnnvey that
<br /> ; � . � Borrower's interc,sl i�the Property under Ihe lernu of Ihie Savrity In�lrumeer lbl i�not perxon�lly obiig�ted to p�y�he�urrrr
<br /> ,�- ,� .. securod by thi�Secu�ity Instrurnent:end(c)agrces ltwt Lerder wnd�ny dher Born►wer may yroe m cxtend. modify.fbrbcar or �:..
<br /> °• , make ony accoirunodatlonr wi�h regud to the temu oi thi�Security lnururrknt or the Nwe without that 8onower'i co�uent. �� VY
<br /> � ,t..�,°''�•�' !3.Notka. Any nolicc to Borrower providod for fn Ihia Security Instrument abd)be given by delive�ing it ar by m�iling
<br /> - it by flrst cl�ss mnll unless AppUcable law requires usc of anwl�er method.Tlie notice sFwll be directed to d�e P�uperty MiJrcss �'-•�- �. ---� _
<br /> • °� o� any dher �ddrcs.s Borrower dafanates by notiue to I.ender. Any notive to LeMer ahall be given by Brst clasa m�fl to . .. '" .
<br /> , ° Lender'a widras stated herein or ar.y address Lender daign�tes by notice to Borrower.Any notice provided for ln thi�Savrity =
<br /> � . • Instrument atWl be deemed to luive been�iven to Borrower or L.ender when�ivrn aa provided in Ihls par�niph. __
<br /> � —
<br /> , , 14. (�averning Lww; Seve�wblltty. fhis Secu�lty Instn�ment shall be governed by fafe�l law and the law of thc �..�
<br /> • � }utiadiclian in which the Property is lacated. In the event that any provisionor clause of this Seourity Instrument or the Note �_����--
<br /> • � conilicts with appliceble law,auch conflict sh�ll not uf�at alher pmvisions of�hia Secur�ty Inu�ument or the Note which cAn be ( �
<br /> . given effect wlthout the contliclit�provieion.To this and fhe pnoyision�of �his Secudty liatrua�t And 1he Note aro declu�ed �
<br /> to be severoble.
<br /> . �-;� ::_
<br /> • . • . 15.Borrower'�Copy.Bomowcr�iwll be�iven one oonformed copy of thl�Security lnstrument. �. -
<br /> --, �' � - . !6. AssiQnment ot Renta. Borrower uncondi�ionaily assigns and transfers to l.ender all Ihe rents und revenua of the i--
<br /> , Property.Borrower authorizes L.ender or Lender's agenis to rnllect thc rcnts and revenues and hereby di�cets each tcnant oi�he
<br /> , Property to pay the rents ta Lender or Lender's agents.However,prior ta I.ender's notice to Borrower af Borrawer's brcach of =-
<br /> � any covenont or a�rcernent in the Secu�ity Instrument. Borrower shall collect end receive all�ents and�+evenues of the Property �
<br /> •;., as trustee for�he benefit of l.ender and eorrower. This assig�ment of rentr constitutes an Absalute assi�nn�ent and na an
<br /> . �'� �� assignmetM for oddiUonal securiry only.
<br /> -a•S;;:�::.. •
<br /> • • If I.ender gives twtice of breach to Borrower:(a)all renls recelved by Borrower shall he held by Bormwer ag trustex for
<br /> benefit of l.ender only,to be applied to�he sums secund by the Security Instrument; (b)l.ender shall be entiUed to collect and
<br /> . rcceive all of the rcnts of the Properly; and (c) each tenent of the Property shall pay all rents due and unpaid to Lender or
<br /> • I.ender's age�t on Lender's wdtten denwnd to thc tenam.
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<br /> ' � Banower has not eaecuted any p�ior assignment of the rents and ha�not and will not perf'orm any ac;thet would prcvent -
<br /> l.endor from exercising i�s�ights under this paragraph 16. -
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<br /> - Lenckr shall nnt be required to enter upon,take contml of or maintain�he Properly before or after giving notice of breach : .,;�,;,M1�,,;�__
<br /> • to Borrawer. However, Lender or a Judicially appointed receiver may do so at any time�thpre is a breach. Any application of :��.i:;:%:��i.� -
<br /> �• ������ 1 rcnts shall not cure or waive any default or invelidate any other right or remedy of I.erder. 7'his assignment of rents af the �
<br /> " , Property sha11 terminate when the debt secured by the Security Instniment is psild in full. " .--��}n==�.:
<br /> i.. �•ly�
<br /> NON-UNIFORM COVENANTS. Barrower and L.ender futther rnvenant and agree ns follows: � �� �•:t�;.
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<br /> . 17. Foreclusure Procedure. It l,ender requircg immediate puyment in iull under parpgrnph 9,l.ender may invoke Ihe " �"
<br /> power of snle and any other remedies permitted by applkable law. l.ender slwll be entitled to callect oll ex p enses
<br /> �� �' '- Incun+ed In purauiag the remedle�uader thi� 17 indudi bul nat Umited lo,reasonnble attorneys'kes and ' ~
<br /> . , ooeta of dlk evidence. P�B� , �B� . � -_
<br /> ,�, •,• It the power of' x�le is Invoked, Trustee shall recard A notfce oP defoult In each county In whtch any paN oi the � '��
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<br /> '���,,;. Property Is located and shAll maU copies of suc6 natice in the manner presc�ibed by applkable law to Borrower and to ' --
<br /> „ - t����Pe�p�'escdbed by Appltcable Ipw. Atter the Nme required by oppUcAble Ipw�Trugtee shall give public naHce , ,;��:..��.�`
<br /> _ „ ., of snle to Ihe persons and In the manner prescril�ed by Applicable law.Tn►ctee� without demand on Bonower� siwll sell ' �
<br /> the Propaty at public ouction to the hlQhest bldder s�t the time and place and under the terms designated in the notia of '
<br /> � sale In ane or more parcels ond In any order Truvtee determines. Trugtee mAy postpone sale oi all or any pprccl of the
<br /> , PropMy by publtc Announcement at the time and place of any previously scheduled s�le, Lender or Ils desi�ee�y
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<br /> �� purc6ase the 1'roperty�t aay sale.
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