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<br /> '�' 13.Notices. Any noticc to Borrower provided for in thls Secudty Instrument shall be givcn by delivering it or �
<br /> by mailing it by first class mail unlcu applicablc law requires use of another method. Thc notice shall be directed to _
<br /> the Property Address or any other address Boaower designates by notice to Lcndcr. Any notice to I.ender shal!be . .:�;;�,�;;�
<br /> given by first class mnil to Lender's address stated herein or any address I.endcr dcsignates by notice to Borrower. � ;;' t;���-
<br /> Any notice provided for in this Securiry Instrument shall be deemed ro have been given to Bonower or L.endar when � '•'�':��-°-�--
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<br /> . , given as providcd in this paragraph.
<br /> •14. Governing Law; Severability.This Securlty Insuument shell be governed by Fedcral law and the law of
<br /> the jurisdiction ia which the Property is located. In the eveat that any provision or clause of this Security Instrument �w%_
<br /> or the Note conflicts with applicablo law,such conflict shall not affect other provisions of this Security Instrument ar ��•:+ "
<br /> the Note which can be given effect wiQ�out tlte conflicting provision. To this end the provisions of this Security '�'`���
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<br /> Instrumont and thc Note are declared to be sevcrable. �,;._„
<br /> . 15. Borrower's Copy. Borrower shall be given one conformcd copy of the Note and of this Security �.r.
<br /> In.etrument. ,� ,J:��
<br /> � 16. Hezardous SnbstAaces. Borrower shall not cause or perznit the presence,use,disposal, storage,or release •,�''�.:'•"
<br /> of any Hazardous Substances on or in the Property. Borrnwer shall not do, nor allow anyone else to do, anything
<br /> • } affecting the Property that is in violation of any Environmental Law. The prectding two sentences shall not apply to �;�'�
<br /> �, the presence, use, or storage on the Property of small quanttties of Hazardous Substances that aze generally ;t�::—
<br /> recognized to be appropriate ta normal residential uses and to maintenance of the Property. Y•=�•---.�
<br /> 'ti Borrower shall promptly give Lender wricten notice of any inves[igation,claim,demand,lawsuit or other action ��.��—
<br /> � by any goveminental or regulatory agency or prlvate party involving thc Proparty and eny Hazardous Substance ar ;
<br /> Environmeausl Law uf wyich�r,awcr has aciva!�nawlalge. If BQrro�er leams,or is nosifie�hy a,�Y g�vernmenrat
<br /> or ngWatory authorlty,that aqy removal or other remediation of any Hazardous Substances affecting the Property is �
<br /> . necessary.Borrower shall prompr]y take all necessary remedial acdons in accordana with Eaviroamental Law. :-
<br /> As used in this paragraph 16, "Hazardous Substances' are those substances defined as toxic or hnzardous `°!'-_
<br /> substances by Environmental Law and the following substances: gasoline, kerosane, other flammable or toxic --
<br /> petroleum products,toxic pesticides and herbicides,volatile solvenu,materials contalning asbestos or formaldehyde, '
<br /> and radioactive materlals. As used in this paragraph 16, "Environmental Law" means federal laws aad laws of thc t�—.—
<br /> jurisdiction wherc the Property is located that relate to health,safety or enviroamental prozection. �
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<br /> NON-UNIFORM COVENANTS. Bonower and Lender further coveneut and agree as follows:
<br /> ' � 17. Aasignment o!Rents. Borrower unconditionally assigns and transfers to Lender all the nnts and revenues ���
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<br /> . of the Properry.Borrower authorizes Lcnder or L.ender's agents to collect the tents and revenues aad hereby directs r
<br /> � each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to �-•-
<br /> . Borrower of Boaower's breach of any covenant or agrament in the Securlty Instrument,Borrower shall collect and -
<br /> receive all rents and nvenues of the Property as tcusta for the benefit of Leader and Borrower. This assignment of
<br />- nnts constitutes an absolute assignment and not an assignment for additionai sceuriry only. _
<br /> If Lender gives notice of breach to Borcower: (a) a11 rents receival by Borrower shall be held by Borrower ag
<br /> trustee for benefit of Lender only,to be applied to the sums sceur�d by the Securiry Instrument; (b) Lender shall be --
<br /> _ , eatitled to collcet and receive all of the rents of the Property; and (c)each teaent oti the Property shall pay all renu _-
<br />-:- • due and unpaid to Lender or I,ender's agent on Lender's wrltten d�mand to the tenant.
<br /> "'' Boaower has not executed any prior assignment of the rcnts and has not and will not perform eny act that would . _�_ �
<br /> 1 ,� pnvent Lender from ezercising its rights under this paragraph 17. _ � ___
<br /> . Lender shall not be required to enter upon, take wntrol of or maintain t�e Property before or after giving notice - — _
<br /> of breach to Borrower. However. Lender or a judicially appointal receiver may do so at any time then is a breach. .- ��
<br /> Any application of nnts shall not cure or waive any default or invalidate any other right or nmedy of Lender.This '{� Ls�
<br /> assignmeat of nnts of the Property shall terminate when[he debt secural by the Security Instrument is paid in full. �c?�k_ �.;
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