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. 98- i��383� : conflicts wRh applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note wh�h can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. : 16. Hazardous Substances. Borrower shall not cause or pertnk the presence, use, disposal, storage, or release of : any Hezardous Substances on or in the Property. Borrower shall not do, nor albw anyone eise to do, anything affecting the : PropeRy that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or : storage on the Property of small quantRies of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investgation, claim, demand, Iawsuit or other action by any : govemmentai or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of : whbh Borrower has actual knowledge. If Borrower leams, or is not'rfied by any govemmental or regulatory suthority, that any : removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall prompty take all : necessary remedial actions in accordance with Env'�ronmental Law. : As used in this paragraph 16, "Hazardous Substances" are those substances defk�ed as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pest�cides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in : the paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate : to heaRh, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower 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 Lend�'s agents. However, prior to Lender's notice to Borrower of Borrower's breach of : any covenant or agreeme�t h the Security Instrument, Borrower shall collect and receive all rents and revenues ot the Property : as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an : assignment for addkional security ony. : If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustes for : benefit of Lender ony, to be applied to the sums secured by the Security Instrument; (b) Lender shall 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 : �ender's agent on Lenders written demand to the tenant. Borrower has not executed any prior assignme�t 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 Property before or after giving notice of breech to : Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. My application of rents : shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property : shatl terminate when the debt secured by the Security Instrument is paid in tull. : 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. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail 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 ttme 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 Vuth of the statements made therein. Trustee shall apply the proceeds of the sale in the foilowing 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 % of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all suma 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 Instrument is held by the Secretary and the Secretary requires 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 ("Act") (12 U.S.C. 3751 � �.) 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 shall 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 Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Securky Instrument and all noted evidenchg debt secured by this Security Instrument to Trustee. Trustee shaii reconvey the Property without warranty and without charge to the person or persons legaly entitted to it. Such person or persons shall pay any recordation costs. : F5873.LM�(1/9B) Paye 4 of 5 ;