|
� •l' �.
<br /> i*Iw�-.
<br /> . ,. .�N7�������4PI•`•i• . � � rr.f�..4 Y-
<br /> . � �ac
<br /> .�•. ... . , �i?`,�'��_-_- .. _.
<br /> - . . . . . . .�irrr,_.
<br /> ' � . . ,. Tt^fi;�S'r
<br /> . . - . �•.<<°--
<br /> - . . . '"�t",-
<br /> .. ,. ��,•:.�
<br /> .. .. . � . >'�i..rr.- _ .�yf.��� Sr-
<br /> �� . .. - ....�., . . . . � .
<br /> I
<br /> �
<br /> :;� 97r �0��I I _
<br /> ,,,,,,,,,�. 13.Notices.Any noGce to Borrower provided for in this Security InsUument shall be given by delivenng n or by -__
<br /> . ...• •.►� mailing it by Cuxt class mail u�less applicable law requires usc of another methad.'It►c nodce shall be d'ucctcd to �he -
<br /> Property Address or any other address Borrorer designates by nodcc w Lender.My notice to L.ender shall be given by "�__
<br /> fust class mail to Lender's addrass slated hcrein or any address Lender designates by nodce to Borrower.Any norice ;� .'�'.,
<br /> provided for in this Sccuriry Instrumcnt shall be deemed to havc bcen given w Bomnwcr or Lcnder when given as
<br /> � provided in this paragraph. -�--
<br /> 14.Goverain�Law;Severability.This Securiry Instrument shall be govemed by Federal law and thc law of ihe --
<br /> jurisdiction in which the Property is located.In the event thaz any provision or clause of this Security Insmiment or�he _-
<br /> Note conflicts with applicable law,such conflict shall not affect other grovisions of this Security Inspument or the Nae
<br /> which can be given effect without the contlicung provision.To this end the provisions of this Securiry Insuument and _
<br /> the Notc arc declared w be severablc.
<br /> 15.Borrower's Copy.Bonower shall be given one coniormed copy of�he Note and of this Seciuity Instrumea� �
<br /> 16. H�zar�fous Substances. Borrower ahall not cause or pecmit the presence,use,disposal,storage,or release of
<br /> any Hazardous Substances on or in the Propaty.Barrower sliaU�not do,nor ellow anyone else to do.anyUiing affecting -
<br /> tho Property that is in violarion of any Environmental Law. �'he proceding two sentances shall not epply w the presence. :._
<br /> use, or swrage on the Property of small quandties of Ha�ardous Substances that are generally recogni7.ed to be ���-`:�.�
<br /> appropriaGe w normal residential uses end to maintenance of the Property. ' ��,�'-•
<br /> � Borrower shaU prompdy give Lender writLcsn nodce of any invesvgation,claim,demand,lawsui[or other acdon by � ��
<br /> any govemmental or regulatory agency or private party invalving thc Prope,rry and any Hazardous Substance or �°-•
<br /> Environmental Law of which Borrower has ac►ual knowledge. If Borrower leams,or is notified by any gavcmmental or _
<br /> _.� regulatory authority, that any removal or other remediation of any Fia�ardous Substnnces affecuing the ProperAy is
<br /> necessary,�ortower shall prompdy take all naessary remedial actions in accordance with Environmental Law.
<br /> " As used in this paregraph 16, "Hazardous Substances" are those substanccs defined as toaic or ha�ardous
<br /> - � , substances by Environmental I.aw and the Folbwing substanccs:gasolinc,ketosene,other flammable or waic petroleum
<br /> products, toxic pesucides and herbicides, rolatile solvents, mate�ials containing asbesws or formaldehyde, and �'
<br /> �;�:,t; radioacdve materials. As used in this paragraph 16, "Environmentel Law" means fetleral Iaws and laws of the -_
<br /> • • � jurisdfcdon whece the Property is located thauelate to health,safety or environmental protection. �,
<br /> .-i:�a�r: •- _
<br /> -'•.��i�. :•:~ NON-UNIFORM COVENANTS.Borrowerand I.ender furthcrcovcnanc andagra as foqows: -
<br />-- ��;�� 17.Assignment ot Rents.Borrowcr uncondidonally assigns and transfus to Lendcr all the rcnts and revenues of
<br /> =•,1=r.»..r'� - thc Property.Borrower suthorizcs Lcndcr or Lender's agents w collect the cents and revcnues end hcreby dirc��s each -
<br /> �. ,
<br />_°�;�,-�,_Sr�:• ' tcner►t of tho Property w pay the rents to Lender�or I.endcr's agents.Howevu, prior to Leader's notice to Borrower of
<br />-��--��� ' Borrower's breach of any covenant or agroement in the Sceuriry Instrument,Bonower shall collect and m,ceive aU rents
<br /> --�°�_:,:.'� . �—
<br /> .....,,�,„��." and revenues of the Property as trustce for tha bcnofit of Lender and Borrowu. 'Ihis assignment of rents constiwtes an
<br /> � - �"� absolutc assigament and not an assignment faaddiaonal securlty only. !
<br /> -.=3�r.:�: �;,.
<br /> •_:>����� • If I.ender gives nodca of breach to Sortowor: (a)all rents received by Borrower shall be held by Borrower a� E�-
<br /> 'a�f .';' uustce for bencfit of Lcndcr only,w bc appGed to tha sums secwed by the Security Insuument; (b)Lender shall bc •"
<br />-- endded to wUect and receive all of tha rerits of tha Proparty;and (c)each tenant of the Property shall pay all rents due ���
<br /> �"�'"�`' �' and unpaid co Lender or Lcnder's agent on I.,,ender's wriuen demand to�he tene�i� �•'
<br /> ..-�,:5`�::,, Borrower has not executed any prior assignment of tha rents and has not and will not pedorn►any act that would ''�--
<br /> --:.�.::,,'��,;�; prevent L.ender from eacrcising its rights under this pardgraph 17. ���
<br />_=���,� I.cndcr shall not bo rcquircd to enter upon. takc conuol of or maintain thc Property bcfore or aftcr giving noticc of �.::�
<br />-� �•=-- brcach to Borrower.However,Lender or a judicially appointed receiva may do so at any time there is a breach. Any �`:="
<br /> ;`="�"'�0' appGcadon of renta shell not cure or waive any default or invaiidate any othcr right or rcmedy of Lcndcr. 'Iliis '��
<br /> 1s:,-,,,�-, --
<br /> , assignment of renta of tho Proporty shall tecrninate when the debt secumd by Ihe Security Inspvment is paid in full. -
<br /> - . �4R(NE)�oeo�l.oi a�a•s oi e �.
<br /> r� �n�� .—�l-�—'�—
<br /> .__ _�e."��..
<br /> _ _a��y_� , _ . . .. .. , . _ . . .. ..._. .- • �--•_...�...-.._. ._ ... .. . _, _._.. . ;sL�
<br />_'
<br /> ...1._.. _ _ . __—_
<br />
|