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�O�lOSO�� NON COV�dANTS Bonower and Lender further covenant and agree as follows: 17. Assignment of Renta Borrower uncanditionally assigns and h�ansfers to Lender all the rents and revenues of the Property. Bonower authorizes Lender or Lender's agents to collect the rents and revenues and hereby direcis each tenant of the Properiy to pay the rents to Lender or Lender's agents. However, prior to Lender's nofice to Bonower of Borrower' s breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assig�ment of rents consflt�rtes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Boaower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, w be applied to the sums secured by the Sec�ity Instrument; (b) Lender shall be en6tled to collect aad receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant Borrower has not eacecuted any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Properiy befare or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of tents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assig�ment of rents of the Properiy shall terminate when the debt secured by the Security Instrument is paid in full. 18. Foreclosore Procednre. If Lender reqair� immediate payment in fiill ander paragraph 9, Lender may invake the power of sale and any other remedtes permitted by applicable law. I.ender shall be entitled to coDect aII eapeases incnrred in pnrsaing the remedies provided in this paragraph 18, inclnding, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power af sale is invoked, Trastee ehall record a no�ice oF defaalt in each county in which any part of the Property is located and ahall mail copies of sach no13ce in the manner prescrlbed by applicable law to Borrower and to the other peraons pre.scrIbed by applicable law. After the time reqnired by applicable Iaw, Trostee, ahall give pnblic notice of sale to the persons and in the manner preacrlbed by applicable law. Trastee, wlthont demand on Borrower, shall seIl the Property at publlc aactlon to the 6igbest bidder at the Ume and place and nnder the terms d�ignated in t6e noflce of sale in one or more parcels and in any order Trastee determine.v. Trostee may postpone sale of all or any parcel of the Property by pubHc announcement at the time and place of any previonaly schednled sale. Lender or fts desig�uee may pnrchase the Property at any sale. Upon receipt of payment of the prlce bid, Tru.9tee s}►all deliver to the purchaser Trastee's deed conveying the Property. The recitals in t6e Trustee`s d�d shall be prlma facie evldence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all cosfs and ezpenses of eaercising the power of sale, and the sale, including the payment of the Trastee's fees actuaIly incarred and reasonable attorneys' fees as permitted by appHcable law; (b) to all sums aecared by this Secarlty Instrument; and (c) any egcess to the person or persons legally entitled to it. If t6e Lender's interest in this Secnrity Inshvment is held by the Secretary and the Secretary reqaires immediate payment in faIl nnder paragraph 9, the Secretary may invoke the nonjudiciel power of sale provlded in U►e Siugle Family Mortgage For�loeare Act of 1994 ("Act'� (12 U.S.C. 3751 et sea.) by reqnesHng a foreclosnre wmmissioner desigoated nnder the Act to commence foreclosnre and to seD the Property as provlded in the Acw Nothing in the preceding sentence shaIl deprive the Secretary of any rightg otherwise available to a Lender nnder t6is paragrap618 or appllcable law. 19. Reconveyance. Upon payment of all sums securedby this Security Instrument, Lender shall request Trustee to reconvey the Properiy and shall surrender this Security Instn�ern and all notes evidencing debt sec�ued by tivs Security in�rm++��t to Trustee. Trustee shall reconvey the Properiy without warranty to the person or persons legally entitled to it. Such petson or persons shall pay any recordarion costs. Lender may charge such person or persons a fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered and the chazging of the fee is permitted imder applicable law. 20. Snbstltute 1Yustee. Lender, at its option, may from time to time remove Trustee and appoint a successor Irustee to any Trustee appointed hereunder by an inslrument recorded in the county in which this Security Insirament is recorded. Without conveyance of the Property, the successor trustee shall succesd to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Reqnest for No�lces. Bonower requests that copies of the notice of default and sale be sent to Borrower' s address wluch is the Properiy address. 22. Riders to this Sa:arlty Instrament If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorparated into and shall amend and supplement the covenants and agreements of this Security In.strument as if the rider(s) were a part of this Security Instrument [Check applicable box(es)l � Condominium Rider � Graduated Payment Rider ❑ Growing Equity Rider � Pla�ed Unit Development Rider � Adjustable Rate Rider � Rehabilitarion Loan Rider � Non-Owner Occupancy Ridet � Other [Specify] FHA NE8RA5KA D� OFTRUST - MERS �egle� NEDOTZ.FHA 05/23/11 Page 5 of 7 www.doonaglc.wm �I�I�IInI�II�IIpIIQI�01111p1111�1 al�