|
n+��er`!,
<br /> b'
<br /> . �+p�?k„ .
<br /> � ,, . . ...
<br /> • -� . .� • ,nri
<br /> ,�, . .. . ,��5. t Y'!
<br /> .l .l.�i•( l(I�.. .. �"� +1j '' a
<br /> , - . ':(A .. • . •, .. �f. . ' . }_�r��'..
<br /> . .. . - .•.4� __
<br /> r •. 'i�1i . ti ' _ . . .I.'N i—__
<br /> .:�';. . � . . ,�1�1•j.a^
<br /> i . .� • ,'}��•� ( . j�}��-
<br /> ., . • -Y/. '_
<br /> �� _ '' . � . '.. • .
<br /> .
<br /> .. .............•y.. . . ..\. . _' ' '_ . . . . . . . .. ._ . • .. ....... . ..._. . ....
<br /> 1
<br /> • � 9?� �p�p� ,.
<br /> iJ . .
<br /> �� .� 1:1.Natt;tt�n. Any notice to Borrower provided for in this Sccurity Instrument shall be given by delivcring it ar
<br /> by m.1il'ei�II it by:f,rst class mail unless upplicable law requires use of another methad. Tlte notice shall be d3rected to
<br /> .,_,.,...+�wY F •.:{;'
<br /> thu AE��eny A�ijsss or any other address Borrower designares by notice to I.ender. My nocice to Lender shall be
<br /> givan by first cl�csa mail to l.endec's address stated herein or any address Lender desi�nates by notice to Borrower, _�~'
<br /> Any noei.ce pzavideri for in�his Sccurity Insttument shall be decmed to have bcen given to Horro�ver or Lender���hen ��'--°
<br /> + �°-
<br /> givan�.a pravldad in this paragraph.
<br /> 14. Gavc��airr�Law;Severability. This Se.r.uriry Instcument shall be govemed by Federal law and the law of '��
<br /> the jurlsdlction ip which the Property is located. In the event that any pmvision or clause of this Sezi!ziry Insmunent ;9M_
<br /> or th.e Nate contl�:ts with applicable law,such conflict shall not affecc other provisions of shis Security Instrument or ''�;'
<br /> �� the Note which crin be given effect without the conflictin�provislon. To this end the provisions of this Scxurity �"v`
<br /> � Iaem.�mr.nt�nd�,s Mote are declared to be severable. �;:
<br />: 3 15. Du�cra�er'n Copy. Borrower shall be given one conformed copy of the Note and af utas Sesurity �,°
<br /> • � lna[rumcnt. _
<br /> 1G. Hu�srciyrrn ho�staan:cs. Borrower shall not cause or pemut the presence,use,disposal,storage,or ret�ase '�'_
<br /> . � of any Hazctndava 5�tins�a.c�:�es�m or in the Property. Boaower sh�ll not do, nor allotiv anyone else to do,anycIung �*�'
<br /> affectin�the Progcrtg•dnra is�wiolation of any Euvironmental Law. The preceding nvo sentences shall not apply to �
<br /> ` thc pr�ence, usa, o, r,t�r�e on the Property of small quantides of Hazardous Substances thnt are generally ��
<br /> recognlzed ta be a�ro,�r.iair.co�:ormal residential uses and to maintenanoe vf the Property. _-
<br /> � Borrower shal!�ra�aapQ}•�ave Leader written naticr,of any investi��tion, claira,demand,lawsuit or other action
<br /> by any governmontal or regulatory agency or private pury involving th�Propeny and any Hazardous Substnnce or -�
<br /> Envi�•onmental Law of�vhich Borrower has actual knowledge. If Borroi�er leams,or is notified by any govcrnmcntal
<br /> ar reg�tlatory autho;iry, that any removal or other remedlation of any Ha�zrdous Stibstances affecting the Property is
<br />� necessazy,xsorrower shali prompdy take aii necess:uy aemediai actions in accordance wi[h�nvironmental i.aw.
<br /> ,..
<br /> �� As use:d in cizis paragr�ph 16, 'Hazardous Substances' are those substances defined as toxtc or hazard.ot�s
<br /> subs*.anc�s by Enviconmontal Law and the following substances: gasoline, keroscne, other flammable or tor.ic
<br />:: ..� pcp•s+leum praiur.ts, toxic Qr,st's:ides and herbicides,volatile salvents, materials wntai.�ing asbestos or fom�aldehyde,
<br />._ and radioaciive��scriais. As used in tbia paragraph 16, "Environmer.!ul Law" me�u�s federal laws and laws of the
<br /> . ,, � jurisdiction wi!ce�r_:�,:Propecty is located that relate to health.safety or cnvironmental protection.
<br /> �s,•;,�,;..��,._�
<br /> -;�.. �......,x,. NON•UNIFORM COVENANTS.Borrower and Lender further covenant and agrce as foUows:
<br />_�.•,,;.� • 17. Asslgn�raeut of Rents.Borrower unconditionally assigns and transfers to Lender all the rents and revenues
<br /> � of the Property. ��rrov�er authorizes L,ender or Lender's agents to colle�t the rents and revenues and hereby directs
<br />_ � ,r�` etieh tenant of t'-,e Propsrty to pay the rents to L.cnder or Lender's agents. Howevcr, prior to L.endcr's notice to
<br /> ".'�� Borrower of Borrower's Ureach of any covenant or a�greement in the Securlry Instrument, Borrower shall collect and
<br /> `�'"�,..�� receive all rents and revenues �.f the Pro�erry as truste�:fcr the benefit of Lender and Borrower.This assignmsnt of —
<br />"��'������L'�--� renta eonatltutes an absolu[c.;�{tnment and not an assignrce�t for additioaal security only.
<br /> - tu`l.il
<br /> �_'`��'�� If l.ender�jv�moti�:u�r b�sach to Borr�wer: (a)all rents received by Borrower shall be Held by Horrower as
<br /> .:'i:P i{.�
<br /> ;::r ;;• nvstee for be�c��:���Yxndes flsray,to be appiied to the sums secured by the Securlty Insuument;(b) L.ender shall be
<br /> '��s•�4=°:�: entit�esl to collect and recet�e,al!of the rents of the Property;and(c)each tenant of the Property shall pay all rent�
<br /> :^r�.�:' ciue and unp�id to Lcnder rr C.,e:�der's agent on Lender's written demaud to the tenant. -
<br /> ��;}��;:�`«t;�: Bonower has Aot execui.�r!any prior assignment of the reats and has not and wi91 not perform any act that would
<br /> �°w'��'-L`'=> prevent Lender from eaercisinb its rights under this paragraph 17. -
<br /> _•:-��ii'�+�*"> I.eader sha�i�ot be mquired to enter upon,takc control of or maintain the Property before or after giving noti�e _.
<br /> �r;+-:
<br /> =.::�,�„�;h��;�� of breach to Iicrc,uer.Ho:�avsr, Lender or a judicially appainted receiver may do so at any time there is a breach. _
<br /> =�����_���.��•--� Any applicntion of reats s[rrlt n,�t curc or waive any defau3t or invalidate any other dght or reznedy of Lendcr. 'f�is =
<br /> ���'`''� `� '� ass?snment of rents of[he: 11u�rsrty shall terminate when t�e debt secured by the Security Instn►ment is paid in fu1L ``•
<br /> n:._
<br /> _ �°.
<br /> . .>'"
<br /> "' K__
<br /> �-4RINE1 c9uoai oi Pape 6 af 8 iN
<br /> - . � 'p .t��� 1 - ..
<br /> . Y( .,jt �c :1)
<br /> ,.-._-_ . __.— _---
<br /> __._ -___._� --.-_-�..--•—`_�--�-.-.. ........__..-....._. •
<br /> . ""' .-+'_--.'_" '_.-"' .
<br /> ..i�.��.f�'��}y�iu:r.iF.+:'s...y' ���!M�w:;.,�,,,3'- — --��r.��,- ----.t . —�_..
<br /> ✓
<br /> . . ,.,. , , . '
<br /> ' ' � .
<br /> . - ' -+ _"�' � .
<br /> v t
<br /> _ �
<br /> . ' � __.—�— __._�.
<br />
|