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<br /> : ��: ��. 13.Notices.Anynotice to Borrower provided for in chis Sccuriry ins�rumcnt sI�uii i� gl�C,�Ly dcllycdag ft o; '_
<br /> by mailing it by first clnss mail unless applicable law requires usc of unothcr methad. The noticc shall bc dircctcd ta _
<br /> � the Property Address or any othcr address Borrower designates by natice ro Lendcr. Any noQce to I.cnder ahall be
<br /> . givcn by first class mail to Lender's addtess stuted herein or any address l.ender dcsignutes by notice to Borrower, -
<br /> Any notice provided for in this Secudty Instniment shall ba deemed to havc beon given to Borrower ar Lender when ''
<br /> ' given as provided in this paragraph. "� �
<br /> 14. Governing Iaw;Severnbility.This Securlty lnstrumcnt shnll ba governed by Federal law and thc law of
<br /> � the jurisdiction ia which the Property ls lacated. In the event that any provision or clauaa of this Security Instrument
<br /> �y or the Note conflicts with applicable law,such canflict shall not affect othcr provisions of this Secudty Instrument or u;;.-
<br /> the Nota which cnn be�iven effect withaut the conflleting provision. To this ead the provisions of this Securiry �:..
<br />- �•.'• ,;f., Ila�strument and thc Notc ar�declazed ta be severablc. r�:.
<br />���,;��: 1S. B�orroeer's Copy. Borrower shall be given one conformed cogy of the Note and of this Security -
<br /> Instrumenu. �"
<br /> 16. Hazardous Substanee9. Borrower shall not cause or pernut the presence,use,disposal,storage,or release --
<br /> of any Hazardous 5ubst�urns on or in the Property. Borrower shall not do, nor allow anyone clac to do, anything .,;.;
<br />���;��;;�� affecting the Property th34 is in violation of any Environmental Law. The preceding two sentences shall not apply to
<br /> ' the presence, use, or storage on the Property of smatl quantities of Hazardous Substances that are gentrally -�
<br /> � recognized to be appropriate to norma!��sidential uses end to maintenance of the Property. �;,-
<br /> . ' Borrower shall promptly give Lem�ler wdtten notice of any invcstigatlon,claim,demand,lawsuit or other action �
<br /> by any govemmental or regulatory agency or private pariy involving the Property and any H�'vdous Substance or __
<br /> __-_ �Envlronmental I..aw of which Borrower has actual Irnowledge. If Borrower Ieams,or is notified by any govemmental °____
<br /> . or regulatory authority,th�t any removal or other rerner�iation of any Hazardous Substances affecting the Properry is _
<br />� • necessary, Borrower shall promptly tak�alfl necessary remedial actions in accordance with Environmental Law. -
<br /> As ustd in this paragraph 16, "Hazardous S�bstances" ar�e �hose substanas defined as toaic or hazardous �
<br />��`:�.� :• substances by Enviromm�nt�►1 Law and the followi�g substances: gasoline, kerosene, other flammable or toxic -
<br /> � petroleum products, toxi�pesticides and h�rbicides,va►latile solvents,materials�•nntaining asbescos or formaldebyde, _
<br />�:,,:� :� aad radioactive materiels. As used in this paragraph 16, "Environmental Law' means fedetal laws and laws of the -
<br /> �`�•���;' �' � judsdiction when the Property is located that relatc to health,safety or environraeatal protection. —
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<br /> " �� ��� NON-UNIFORM COVENANTS. Borrower and Lendcr further covenant and agree as follows:
<br />;a; . :�.,� �� 17.Assignment of Rents. Borrower unconditionally assigns and traasfers to Lender all the rents and revenues
<br />�'r �°,.�':`� of the Properry. Boxrower authorizes Lender or I.ender's agents to collect the rents and revenues and hereby directs
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<br /> c:,;-rr-•; : , each tenant of the Property to pay the renta to Lender or Lender's agents. Howcver, prtor to Lender's notice to
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<br /> - Borrowet of Bonower s breach of any wvenant or agreement in the Securlty Instcument, Bonox�rer shall collcet an
<br />�Y��"��'�` , receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assigncnent of _
<br />�f���v:..'•ti.: rents constStutes an absolute assignmenc and not an ussi�unent for additional sxuriry only. e:-.
<br /> 3�`=�" '' '`� If Lender gives not�oe of breach to Borrower: (a)all rents received by Borrower shall be held by Bonower as _�,
<br />�' �. trustee far benefit of Lender only, to be applied to the sums secured by the Securiry Instrumeat; (b) L.ender shall be ���
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<br /> .�ti'.� = endtled to collect and receive all of the rents of the Property; and(c)each tenant of the Property shall pay all rents - -
<br />�'�;''� .; � due and unpaid to I.ender or Lender's agent on I.ender's written demand to the tenant. �::__
<br /> � �=�-:r' � � Borrower hac not executed any prior assignment of the rents and has not and will not pedorm any act thut would
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<br /> _ •�•-� prevent Lender from ezercising its rights under thls paregxaph 17. ��?�%:
<br />==''"� �"� L.ender shall not be requiral to enter upon. takc control of or main[ain the Property before or after giving notice -'�°
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<br /> =�.'�y_`>: of breach to Borrower.However, Lender or a judicially appointed receiver may do so ac any time therc is a breach. -_
<br /> T' •• Any applicadon of renis shall not cure or waive any default or invaltdate any other rig4t or remedy of Lender.This .'
<br /> ;;` � assignment of rents of th�:Property shall terminate when the debt secured b the Securit InstNment is aid in fulL `''
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