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<br /> ' ' COnfliCts with appliC[ib�e k�w, Such conflict shall not a��ect other prov�Sfons ol this Secu�ty instrument or lhe Note whlCh Cen be -
<br /> piven e�feCt without the coMliCtinp provlS�On. To this end th8 provisi0ns ol th�s SeCunSy��stroment and [ho NOIe 8rB deClered to
<br /> be sev�rabb. -
<br /> � 15. BO«R1WCf�8 COp}�.Borrower Shall bo given one conformod Copy of ihe Note and ol(his SeCUrity Inslrument.
<br /> tE. Haxerdous Subatencee. 9orrower shun not cau5e or perm�l Ihe DrasenCe,use, disposal, storaqe, or re�ease o1 •
<br /> r uny Fleterdous Substances on a in the Property. Borrower shnll not tlo, nor aliow anyone elsa to do, Anything qHecting the �
<br /> d PrOpOrty thpt �s In violatlon Of any Environme�tal Law. The precedmg two SentonCes Shell not epp�y t0 the presence, us8, or :
<br /> ; storago on the Property oP small quant�hoS o� Hnmrdous Substances �h�t a�e qe�er;tW rocogrnietl t0 be appropriate to normA� �
<br /> -�, residentlal uses untl to maintenence o�the PrOperty.
<br /> s
<br /> ��� Borrower Shell promptly gne Lender wntten not�ce ol any mvestgn6on, c��m. OBmand, Inwsuit or other BCtion by any =
<br /> gOvernm6ntal or regulatory aqency Ur private ptirty mvoNmg Ihe Property antl Uny Ha7.&idous SubstanCe Or Environmental Law Of I
<br /> �'" which 8orrower hns tsCtual knowledge. If Borrower lea�ns, or is notified by nny governmemal or regu�ata�y authoriry, thet any
<br /> removal or other remediation of any Hezerdous Substences aHectinp the Property�s nBCHSSery, 8orrower shell promptly take all �
<br /> neCessnry remedial uctions � eCCOrdnnce with Environmental La�v.
<br /> As used I� this parayraph t6, "Hautrdous Substances' are those subslances defned as toxic or hezardous substancea by
<br /> Envkonmental Law and the folbwing substances: gesolinH, kerosene, othar Ilemmable or tox� petroleum products, toxiC
<br /> . �, pestbides and herbfCides, volatile solvents, meterials containing asbestos or lormeldehyde. end radloectNe materials. As used in
<br /> , the paragreph 16, "Environmental Law" means federal 18ws end laws of the jurisdiction where the Property Is loceted thet relate
<br /> to health,sefety or environmentel protection.
<br /> NON-UNIFONM COVENANTS. Borrower and Lender further covenant end agree as�ollows:
<br /> 17. Asstgnment of Rent4. Borrower unconditiqnelly essigns and Irans�ers to Lendor all the rents end revenues of the
<br /> Property. Bortower authorizes Lender or Lender's agents to collect the rents end ievenues md hereby d'vects each tenant ot the
<br /> Property to pay the rents to Lendar or Lender's agents. Howevar, prior to Lender's �olice l0 8orrower of BoROwer's breach of
<br />-• +.� any Covenant or agreement in the Security Instrument, 8orrower sheli collecl end rece�ve s0 rents and revenues of the PropeRy
<br /> as trustee for the bonefit of Lender and Borrower. This assignment of rents constitules an ebsoh�le assfgnment and not an
<br />� � assignment for addltional security only.
<br /> , " �, If Lender gNes not�e Of breach to Borrower: (e) Ail rents received by Borrowar shall be held by Borcower as tNStee for
<br /> � benefit of Lender onty,to be applied to thp sums secured by the Security Instrument;Ib) Lender Shall be entitled to colleCt and
<br /> � � • receive 8�� of the rents of the Property; and (c) each tenant of the Property shell pay all rents due and unpald to Lender or
<br />` _ _ Lender s agent on Lender's written demand to the tenent.
<br /> a�f.��.Q. ►,gg nnt avari�fprl qnv nrinr ASSfOf1TRf1f of the rents and has not and vdl nol pertorm any aci thet would prevent
<br />_�,� ,• ��� � Lender from exercising its r�ghts under th�s Paragraph 17.
<br />�""'�°�•"'' Lender shall not be required►o enter upon,teke controi ot or mamtam ihe Propertr belae or aRer giving notiCe ot breaCh to
<br /> '�,� �"�=��.* , Bortower. However, Lender or a judicially appointed receiver may tlo so at any tme inere�s a breach.Any appl'�cation ot rents
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<br />_�+.�sit+t;�r shall not cure or wafire any delault or mvalidate any other right or remedy of Lender.This sssignment of rents of the Properry
<br /> �J-�;;��`� shall tertninete when the debt secured 6y the SeCUrity Instrument is paid in lull.
<br /> --�� '°-`�'�°r 18. Foreciosure Procedure. If Lender requirea immedfete peyment I� tull ureder Peragrsph 9,
<br />�_�~'-� -'�� Lender msy invoke the power oi sale end any other remediea permltted by epplicable lew.
<br /> �"'��'�-`� Lender shell be eRtitled to collect eli ex enses Incurred I� pursuinp the remedies provided in
<br /> - :-..:,.�_..ua P
<br /> -_�:� thia Peragraph 18, including, but not Ilmited to, reasonable attorneys' feea n�d costs ot title
<br /> --"' evtdence.
<br /> �� If the power ot aale Is tnvoked, Truatee shall record a nottce ot detault In esch county in
<br /> ,°=6�� which any pert oi the Property Is located and shalt mail copi�a of such notice In the manner
<br /> '�� preacribed by applicable lew to Borrower end to the other persons prescrtbed by eppltcable lew.
<br />— Atter the time requlred by epplicable law, Trustee shatl give pubilc notice of aale to the peraone
<br /> — and in the manner preacribed by applicable law. Trustee,wlthout demend on Borrower, shall sell
<br /> ------- the Property et publtc auction to the ht�hest bidder at the tfine end plece end under the te�ms
<br /> ����� deaignated in the notice �t aale in one or more paraels and in eny order Trustee determinea.
<br /> Trustee may poatpone sele ot all or eny parcel ot the Property by public announcement et the
<br /> time and place oi eny previously scheduled sale. Lender or Ita desiqnee may purchase the
<br /> .-�. Property et any aale.
<br /> Upon reaeipt of payment ot the p�ice bid, Trustee shall deliver to the purchaser T�uatee's
<br /> .�.��--,� deed conveying the Prope�ty. The recitals in the Trustee's deed ahall be pNme tacle evidence of
<br /> -_�_i the truth of the statements made therein. Trustee shall apply the proceeds of the aale in the
<br /> �:���;� tollowing order: (a) to ell costs and expenses of exercising the power of aele, and tht aale,
<br /> `_':`��� including the payment of the Trustee's fees ectuetly incurred, not to exceed 3 96
<br /> - "��•°�:�'::r of the pri�cipel emount of the note ei the time of the declaratton of detautt, end reasonable
<br /> �-�R;:�'''�`'� attorneya' teea as permitted by lew; (b) to ell sums secured by thia Security Instrument; end (c)
<br /> "��:•���``�•� any excesa to the peraon o�persona legelly entitled to It.
<br /> `{ •. -� If the Lender'a intereat in thla SecuNty Insuument is held by the Secretary and the Secretery
<br /> • !; ::';° requlrea Immedlata payment in full under Peregreph 9, the Secretary mey invoke the nonJudialel
<br /> :�. . power oi sale provided in the Stngle Family Mortgage Foreclosure Act of 1994 ("AcY) (12 U.S.C.
<br /> 3751 �g�,q.) by requesUng a forealosure commissioner deaignated under the Act to commence
<br /> foreclosure end to sell the Property as provided in the Act. Nething in the preceding sentence
<br /> :"+�^�. .�_ _�._�.— —'--�_ ..a� .�.t� o�. �..�. ae
<br /> -•-°° .��- snaii deprive ine aecreiery oi nny rigni3 viitcPr►�a@ Bvanau�c i'v o��.���:�.�..�� .••�o •o•av�r•• •-
<br /> - or appticable law.
<br /> 19. Reconveyance. Upon payment of 311 SumS Se�u�ed by thi5 Secur�ty hstrument.Lender she�request Trustee to
<br /> reCOnvey the Property end shau surrender th�s Security Inslrument nnd ei1 noled BvidenC�ng ddbt seCUred by this S6CUrity
<br /> Instniment to Trustee.Trustee Shafl reconvey the Property without wurrpnty and ,v�thout Cherg9 to the person or persons IByally
<br /> entitled to d.Suth per,0� or pe�sons shall pay nny recordalion costs.
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