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conilbts wkh appl�eble lew, such conitict shall not eNect other provis(ons of this Security Instrument or the Note which can be gi�en eHect wkhout the confl�tk�g provislon. To this end the provlsions of this Security Instrument and the Note are declered to • be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securky Instrument. 16. Hazardous Substances. Borrower shall not cause or permk the presence, use, disposal, storage, or release ot any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation oi eny Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property oi small quantities of Hazardous Substances that are generally recognized to be appropriate to normal � residential uses and to maintenance of the Property. � Borrower shall promptiy gNe Lender written notice ot eny InvesHgation, cleim, demand, lawsuk or other acNon by any ' govemmentai or reguletory agency or private party involving the Property and any Hazardous Substence or Environmental Law ot which Borrower has actual knowledge. If Borrower learns, or is notffied by any governmental or regulatory authority, that any M removal or other remediat(on of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all � necessary remedial actions in accordance with Environmental Law. � As used k� this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hezardous substances by � Environmental Law and the following substances: gasoline, kerosene, other (lammable or tox� petroleum products, tox� � pesticides and herbicides, volatile soNents, materials containing asbestos or (ormaldehyde, and radioactive materials. As used in the paragraph 16, "Environmental Law" means federal laws and laws oi the jurisdiction where the Property is located that relate to heaRh, safety or environmenta� protection. NON-UNIFORM COVENANTS. Bonower and Lender further covenant and egree as tollows: 17. Asstgnment of Rents. Borrower unconditionaly assigns and transfers to Lender alt the rents and revenues of the Property. BoROwer authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Bonower of Borrower's breach oi any covenant or agreement in the Security Instn�ment, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefk of Lender and Borrower. This �assignment of rents constitutes an absolute assignment and not an assignment tor addkional securky only. It Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be appl'�ed to the sums secured by the Security Instrument; (b) Lender shalf be entitled to Collect and 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 executed 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, teke control of or maintain the Property before or aiter giving notice of breach to Borrower. However, Lender or a judicfally appointed receiver may do so at eny time there is a breach. Any application of rents shall not cure or waive any defeuft or invalidate any other right or remedy of Lender. This assignment o( rents of the Property shall terminate when the debt secured by the Securky Instrument is paid in full. 18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. Ii the power of sale is invoked, Trustee shall record a notice of default in each county in which any pa�t of the Property is located and shall maii copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the 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 order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred, not to exceed 3 �,6 of the principal amount of the note at the time of the declaration of default, and reasonabie attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. If the Lender's interest in this Security InsVument is held by the Secretary and the Secretary requtres immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C. 3751 et se�c.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shail deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. 19. Reconveyance. Upon payment of all sums secured by this Securky Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all noted evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property wkhout warranty and without charge to the person or persons legally entkled to it. Such person or persons shall pay any recordation costs. FSa13.LM0(1/00) Pays 4 of 5