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<br /> contllcte wkh�ppk�bN�aw,such conflfct shall no1 affecl othar provislons of thls Security Instrumont or tha Nots whbh c�n bs .= :-,.
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<br /> , piwn �fhCt wRhoul th�Canllictk�p provision.To thls es�d Ihe prpvislons ol this Security Instrumenl and the Nole ere d�clered to
<br /> .'��"'�-
<br /> ba sevanble. . ;t'._
<br /> • 16. BO��OWQr'�COpy. Borrowx shtll be pNon one Conlprmed Copy o1 the Note and of thls S�curfty�6tN�t. �� -_-
<br /> 18. Hu��dou�Substances. Borrower lhaN not Cause or p�rmlt th9 pns�nce, ue�, disposa�, atonps,or ntNS� ot =
<br /> . any Hasardous 5ubstenCe�on or h lhe Propsrty @orrowe� ahall not do, nor pllow enyons sls� t4 do, anylhhq�fNolhp th� ���Q~;��.�
<br /> Prop�rty that ts In vfaktbn of any Envkonm�ntal Law.Tn�procadfnp twa �onlenCOS shttll not nppy to tho preabnr,e, use, ar ,�:��C^;'`
<br /> ' � � ! stonp� on ln� Proparly of cman qwntkMs of Harardou� Subatancas that �n p�naalry recopnWd to b� �ppopryt� to norrtwl .•_,_�,�x;:,
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<br /> raldentkl ua�s �nd to malnl�nanC�of ths Prop�rty. ''`� n
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<br /> BortowK shtY promply pNe L�ndM writtM notk� of [ny hvestfpatbn, cl�kn, demand, I�wauR or othw actbn by any ^J�
<br />_ ''"""'�°�' pOVYmmMt�l or rlqu Mtory�pe�Cy or private pArty„voNhy Ihe Proporty and any Hasardous Substancs or EnvironrMntal Law ol ;_____._
<br /> whbh Bonowsr hts �Clual knowkdae. If Bonower la�ms, or is notHkd by any qovemmentel or repuletory wthority, tMt �ny ��;���M'�,�a=—
<br /> . � romov�i or olher rertwdlatbn o1 any Husrdous Substancas nttecthg the Property Is nocessary, Borrower shal prompty t�lco tA �_— ,_
<br /> ' y nc+cessary rem�di�l actbns h accordancs wRh Environmmt�l Law. ___-
<br /> � AB us�d h lhis pua�raph i6, "Huardaus SubstBnces'trs those substences defined as toxlc or haiardous :ubstanc�a by --
<br /> � EnvkonrtwnUl Law +and th� (olbwhp substances: yrsolhe, k�rosene, other flammabla or toxfc patroleum producta, toxb �
<br /> posticfd�s �nd ha�blcld�s.votatiM eoMwrts,materi�b containhp �sbestos or fo►maldehyde, end radbactNe matKlab, As used h —
<br /> ' th� par�pnph 18,"Environm�ntal Law'mwns Mdaa1 Yws md kwa of the Jurfsdbtbn where the Proparty is bcatrd that reyte
<br /> �' to hsakh,saNty a snvYOnmental protectfon.
<br /> NON•UNIFOF�A C0IEENANTS. RoROwer and Lender fuhhor covenant and a9ree as toliows: _?•--
<br /> � 17. Asai�nment oi Rents. Borrower uncondibnaly assigns nnd transfers to Lender all the rents and revanu�s of tha - _
<br /> , '•` Prop6rty. Barqwr aulho�itis Lender or Lende►'e �penls to Coilect the renSS and revenues end hereby dincts ltch tsnant of the �_T
<br />-� Property to pay ihe renls 10 Lender or Lender's aye:-tls.However, prior to Lender's notice to Borrower of Borrower's broaCh of �:.
<br /> any cavenant or agreement h the Security Instrumant,Borrower shall col{ect and receNe all rents and revenuos of the Property r•._
<br /> " • as trustee tor t�o benefit ot Lender end Borrower. T�is essignment of rents constitutes an ebsolute asstynment and not �n �-�—
<br /> • ` ` assignment tor addkfanal securAy only. ___
<br /> If Lenda p�+res notfce of breuch to Borcower: (a)oll rents receNod by Borcower sha11 be held by Bortower as trustee for
<br /> , bsnefd of Lender only,to De appued ta ths sums sscund by the Securfty Instrument: (b)Lender shaN be enilled to co1NCt and
<br /> recelw all of t1�e rents of Ihe Property; and (c) oach te�ant ot the Property shall pay all rents due and unpqid to Lender or
<br /> _ — -- '—
<br />° l.�ndw��p�nt on L�ndK'e w�tttan wrnanu ro tne nr.a��.
<br /> , , BartowK h�a nat executsd eny prbr�ss�pnment ol th�rents end has not end wili not peAorm any aot lhat wouid prewnt
<br /> �- � lender Mom exerClsN�p Rs riphts under thfs ParByreph 11.
<br />= lender ShaiN no!be requied to enter upon,take control ot or mafntain the Property betore ar aker qivinp notia of bnach to
<br />�'��� "= � Bortower. Howe�e►, Lender or a Judb4�lry appointed �eceNer may do so at any time there Is a breach. My �pplkttion ot rents
<br />� ' ShaM not cu� or w�31ve any detauk or Invalldate eny olhar ripht or rwnedy of Lender. This asslpnment of rents of th� Propwty
<br />- � - shall t�rmintts when ihs debt seCUred by the Security InstrumenY Is pakl in(ull. T
<br /> � .�' ' 18. Forecloeure Proaedure. If Lende�requlres Immedtete payment in tull under Pt�syraph 9�
<br /> '�,"'�� .. Lender may Invoke the power of sale end any other remedles pe�mitted by applicable law.
<br />='�r :��_�'.� Leuder ahall be entitled to collect sll expenses incur�ed In purauing the remedlet provided In
<br /> --�"� -t�� thts Par�qraph 18. Includln�, but not �Imited to, �eesonable attorneys' fees �nd co�ts of tttle
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<br />--��'�Y�: evidence.
<br /> `""''''"` If the power of �afe Ia invoked� Trr�etee shall �ecord a notice of defauR tn e�ch county In
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<br />��:�i::: �, which sny pert of the Property is Ioceied and ahalt mail coples of such notice In the m�nner
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<br /> •'� prescrlbed by �ppllceble law to Borrower and to the other persona prescrlbed by �ppliasble aw.
<br /> = Arier the time �equlrAd by appllceble law,Truatee shall qive public notlae of sale to the peraona
<br /> �'..�.•*��:.�•` and In the manner prescribcd by applicable tew. Truetee, without d�mand on Borrower, shall sell
<br /> �'' "4� � the Froperty at public auction to the higheat bldder et the time and place and under the terms
<br /> '��",'�"� desf nated in the notice of sale !n on�ar mo�e percels and in any order Trustee determines.
<br /> `�;1�1` Trd�ee ms oa one sale of all or any parcel of the Property by public snnouncement et the
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<br />_�,,�_, ,. tlme end plece ot any prevlouaiy sch�duled aale. Lender or ito desiqnee mey purcha�e the __
<br /> �:-,�:,� Property et �ny a1e.
<br />- • •-�;n�-- Upon recefpt of psyment of the price bld, Truatee ahall deliver to the purch�aer Tru�tee'a =
<br /> -� � � deed conveyin9 the P�operty. The recitalt in tha Tru�tee's deed shall bo priana tacie evt8ence of �
<br /> �'' � the Vuth of the statements made ther�in. Trustee shall apply the proceeds of the tale In the �:
<br /> _ � toltowiny order: (e) to sll coals and �xpenaes of exercising the power of eele, and the sale� k-_—
<br /> ' Includiny the payment oi the Trustee's tees actually incurred, not to exceed 3 9b ����
<br /> _, � � ot the pr(ncipai smount ot the note a! the time of the decleretion of default� and reasonable ",,�;___
<br /> � � � a44orneya' teea aa perr�o8tted by IAw; (b) to all suma secured by this Security Inatrument; and (c) �V°"b°°�'�j'��-
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<br /> � any exceas to the person or peraona Iegaily entitled to it J+�,��•.-�
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<br /> t If the Lender's Inte�est In this Secu�ity Inatrument is held by the Secreiary and the Secretary `^rY��ti-`""=�
<br /> ' requtres Immediete pnyment in tull under Peragraph 9, the Secretary may invoke the nonJudicial °v'
<br /> "';F,,,�ty,�r„
<br /> �� power of sale provided tn the Single Family Mortgape Forecloaure Act of 1994 ("Act") (12 U.S.C. -.- •.�..i��
<br /> '�� c 3761 et�eaJ bv reaueatln� a torecloaure corroanissioner designeted under the Act to commence ``� '�'
<br /> ___ .. _.. . _.__.___.!;(t..�•,.L._"'.
<br /> . ' ___._"-__-_� . .
<br /> toreclosure end to acll the Property ea provided In the Act. Nothing In tne preceding senience . - �•
<br /> ahati deprive the Sccretery of any rights otherwiae available to a Lender under thla Peragraph 18 ,
<br /> cr applicable law. � ,
<br /> � 19. Reconveyance. Upon pAyment ol all sums Secured bv this Security �nstrument. Lender Sha1 reque3t Trustee to
<br /> � reGOnvey the Property and shell surcender this Security Instrument and ali noted evidencing debt secured by this SeCUrHy
<br /> — J Instrument to Trustee.Trustee Shall reCOnvey the Property without warranty flnd without charge to the person or person5 IeQ811y
<br /> j entitled to�.Suth person or persons shall pay eny recordetbn costs.
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<br /> IFSlt�.LMO(e/97) Pap�+o�s
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