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2011.04023 and � Lenc Lenc to B ren� Prop Pow' in pi title is lo pres� and to th orde plac recil proc the} secu in fi Fore to a Sec� to r� �� pers but und� �y con� and whi Sec and eive all of the rents of the Property; and (c) each tenant of the Properiy shall pay all rents due and unpaid to Lender or 's agent on Lender's written demand to the tenant. �rrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent from exercising its rights under this paragraph 17. �nder shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach �ower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of iall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the y shall terminate when the debt secured by the Security Instrument is paid in full. 3. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the of sale and any other remedies pernutted by applicable law. Lender shall be entitled to collect all expenses incurred uing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of f the power of sale is invoked, Trustee shall record a notice of default in each county in wluch any part of the Properly .ted and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons ibed by applicable law. After the time required by applicable law, Trustee, shall give public notice of sale to the persons the manner prescribed by applicable law. Trustee, without dernand on Borrower, shall sell the Properiy at public auction highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any Trustee deternunes. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and �f any previously scheduled sale. Lender or its designee may purchase the Properly at any sale. Jpon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The s in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the ;ds of the sale in the following order. (a) to all costs and expenses of exercising the power of sale, and the sa1e, including yment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by applicable law; (b) to all sums :d by this Security Instrument; and (c) any excess to the person or persons legally enritled to it. f the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires immediate payment l under paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage �osure Act of 1994 ("Act") (12 U.S.C. 3751 et seq.) by requesting a foreclosure comxnissioner designated under the Act nmence foreclosure and to sell the Properly as provided in the Act. Nothing in the preceding sentence shall deprive the ;ary of any rights otherwise available to a Lender under this paragraph 18 or applicable law. l9. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee onvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security ment to Trustee. Trustee shall reconvey the Properiy without warranty to the person or persons legally entitled to i� Such i or persons shall pay any recordation costs. Lender may charge such person or persons a fee for reconveying the Property, �ly if the fee is paid to a third party (such as the Trustee) for services rendered and the charging of the fee is permitted applicable law. :0. Substitute Trustee. Lender, at its option, may from time to time remove Trustee and appoint a successor trustee to rustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without yance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein y applicable law. dl. Request for Notices. Borrower requests that copies of the notice of default and sale be sent to Borrower's address i is the Property address. b2. Riders to this Security Instrument. If one or more riders are executed by Borrower and recorded together with this ity Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants �eements of this Security Instrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)]. ❑ Condominium Rider ❑ Graduated Payment Rider ❑ Growing Equity Rider ❑ Planned Unit Development Rider ❑ Adjustable Rate Rider ❑ Rehabilitation Loan Rider REM ❑ Non-Owner Occupancy Rider FHA DEED OF TRUST 01509) ❑ Other [Specify] 6/96 GreatDas� (Page 6 of 8) 321-3009575-703 :,s � i �