201207753 - Laserfiche WebLink

Browse

201207753 13. Notices. Any noflce to Borrower prov9ded for in t�3s 5eciuity Ins�e�s1�all 1�e�S'en by delivering it or bY mailing it b9 flist class mail�less applicable law t+equines nse of anofher method. The noHce shall ix dinected to the Pioperty Addirss or any other addiess Bormwer designates by votice to I.ender. Any notice tu Lender shall be given by fltst class mail to Lender's address s�ted herein or any address I.ender designates by nolice to Borrower. Any notice provided for in fYds Security Insln�e�sha11 be deemed m have been given to Bor�uwer or Lender when �ven as piovided in this garagraph 14 Gov�ning Law; Seveaability. This Secmity I�h�e�shall be governed by Fedeial law and the law of the j�uisdiciion in which ft►e ProperlY�s locabed. In�e event fhat a�provision or clause of tjris 5ecwity Insh�ent or fhe Note co�licts wifii applicable law, such co�Uict shall not affect other provisions of tlnia Secmity Insta�ffie�ur fhe Note which can be gi�ven effect wiffiout the conflicHng provision To tl�is end fhe pmvisioas of this Sec�ity �h��e�and fhe Note s�declared to be seveiable. 15. �orrow�'s Copy- Borrower sLall be g�iven one conformed copy of the Note and of ffiis Sec�uity Ins�ent 16. Hazardous SuLadancas Borrower shall not canse or pernrit 1�e presence,use, disposal, storage, or release of any Hazardous Subsfances on or in�e Property- �izower ahall not do, nor allow anyone else bo do, auything affecfing fhe properiy that ia in v3olatiion of a�Em�ironme�al I.aw. The preceding t,wo se�ences shall not apply Uo the piesence, use, or storage on �e Pioperiy of small qua�Hes of Ha�aidous Substances fhat aie generallY iecognized to be appropriate to normal reside�tal ffies and to maintenance of the Properiy. Borrower sLall piomplly give I.ender writben notice of any iavesbtgalion, claim, demand, laws�dt or other acflon by anY governmental or iegalatory agency or privabe parly imolving the Property and any Hazaidous Substance or Envinunmental Law of wlrich Borrower has actual lmowle�e. rf�rrower learns, or is notifled by any governme�l or regulatory authority, ffiat any iemoval or ofher remed[�on og any Hazandous Substances afFectlng�e Properiy is necessary,Borrower shall piompflY take a11 necessazY�emedial aclio�a fn accordance with Emiro�e�a1 I.aw. As used in this paragraph 16, "H�zardous Substances" aie 13iose substances deSned as toxic or hazardous sui�mnces by Envinonme�al Iaw and the following sul�tances: gesuline, kerosene, other flammable or to�c pelrole�producffi, to�ic pesticides and herbicfdes, volatile solve�, materials cont�ining asbeslus or formaldelryde, and ra�oactive materials. As used in this paiagrrpli 16, "Em iro�eahal Iaw"means fedeial laws and laws of the j�uisdiclion wheie the Pioperly is loca6ed fhat relate to health, safety or enviionme�al pi+otection NON-UNIFORM COVENANTS. Borrower and Lender fmther covenant and aa�eee as follows: 17. A�igum�t of R�ats. Borrower mmcondt8onally asaigos and�nsfeis to Leader all fhe ne�s and revemies of Hie Properiy. Borrower authorizes Lender or Le�er's age�to collect the re�s and nevennes and hereby� each benant of the Property to paY the re�s 1p Lender or I.ender's age�.s. However, piior to Lender's notice to Borrower of Borrower's bieach of any covenant or agneeme�in t�►e Seciuity Instr�e� Bormwer shall collect and neceive all z+enis and nevenues of Hie Prnperty ss lrustee for the beneflt of Lender anti�r►owea TLis assignme�of ie�s co�tiLutes an al�olube asaignme�and not an assignme�for additional sec�nity only. �f Lender gives notice of bmach to Borrower. (a) all��s ieceived by Borrower shall be held by Borrower as 4vstee for beneflt of Lender only, to be applied in ffie s�s sec�ued by ffie Secmity Inst�vmen� (b) Lender shall be e�ifled to collect and receive all of fhe re�s of�e Property; and(c) each tenant of 8►e Property sba11 pay e11 ren� due and�mp�td bo Lender or Lender's agent on Lender's wrYtben demand bo the i�nant Borrower Las not execubed any prior assigame�of the nee�s and has aot and will not�rform any act i�at would preve�Lender&om exeicising i1s rights imder this parag�aph 17. I,ender shall not be required to e�er upon, take couh+ol of or maintaitn�e A�operiy before or afler giviug nofice of b:each to Bormwer. However, Lender or a judici�lly appofnted receiver may do so at aay lime ffiei+e is a bieach. Any application of te�s ahall not c�e or waive auy default or im�alidate any other right or remedy of Lender. TLis assignme�of reIIts of fhe Properiy shall terndnate when the debt secw+ed by the 5ecurity I�tr�e�is�d in fiill. 8 61613 3 7 ��9�� (�4N(NEj�esoz�.o� �e�8 ��