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<br /> . � ,:y; `: con9idts wfth eDAtit�bl�taw.such eo�et shall not afiect oiher provisioas of thts�ecurttY tnstrument or tAe Note wpicN oan be ` `E•
<br /> .�� ',�."�.' ' .�` • glyen c�Red w(thaut tha eanf�cdng Provfstan.To Uus erta tha D�avislons of this Seeurity tnsWment end the Note are dedared to ` �. .
<br /> . r �� bn severnDle. ``'
<br /> •. �� .�" �` 15.�a�v�r's Copyl.Bortower shaD be gtven one contortned wpy of 11�e Note and of thia Secudty tnstrument (� �`.. . . ` :�
<br /> � ,t. `'° ':���.
<br /> �. ' ' 18. Ha�ardaus Substanaes. Borrower shaD not cause or pertnit the presertce.use. d�spo�l, storage. or refesse at�' ` �"�� _ ' =;,;
<br /> ` • ' any Hamrdous Subs�sces on or in the Property. Bortower shail not da. nor aQow enyone etse to do.anything �tecUng the - =
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<br /> -- � property thet (s In vtolatton of arry Envtranmmdal Law.The precedtng iwo senter�ees g���to hetePAropdade to om�al �
<br /> �
<br /> . ` � storage on the R�npeRy of sma0 qua�tles af H�andous Substances that are generaQf►
<br /> __1,-'��: resldenUal uses and to�►aUt2nance at the Pmperty. ��f;�
<br /> ..� ` _ _ Borrovver shaU prompUy give Lendsr written rtotice of any imestigatton. clafm. deman4 iavr,�it w ottier acrian 6y snY� � , `�:i:
<br /> govemmental or regufatory agency or prtvate Rert/invo[rin9 the ProP�►Y���1► H�ous Substance or Environmental law flt� , �
<br /> which Borrower has acteiat (mawtedge. If Borrower teams. or is notiRed by eny gov�nme�tel or regutatory authorfty, that any l � •={*-�
<br /> �.�. .. :'
<br /> . ; .V`�`� r�novai or ather remedlaUon of�ry Harardous Subsmnces effecting the Pcoperty is neeessary. Borrower shall pmmptiy take aD �
<br /> + :_}`.:
<br /> � . � neaesear�►�medial ections In axardance with Envtmnmentsl Law. 'r- .
<br /> ` .. ` As used In thts paragraph 18.'Hs�zardws Sntsstsnces'are thosa subs�sces deHned as tmdc or hamrdoua substances by ,rY i.c�-
<br /> • :::4^ ; ' Erwironmentai Law and the toVowTng sabstances: gasoifne. kerosena. other flac�anabte or toxlc petraleum praducts. toxic � -�_
<br /> - � • ,_
<br /> '•, . � peaticides end herbiddes,vofatle soNenffi, materfais rar�fiing esbestos or tom�ldehyde,end�oactive mafetials.As used in
<br /> � -. the pazagrapb 16.'Errvironmental L.aw'means tederal taws and faws oT the jurtsdicNon where the Praperty is lo��ted that retate : -�, ,
<br /> . .�';.:
<br /> to health.safety or ernrimnmental protectton. �:Y�: __=-
<br /> .;f '
<br /> NOI�-UNlFOAM COYENAN'f5•Bortower and lender turther covenant and e�ee as toUcvv�
<br /> _lf,, • . ,. 17. A9Stgnmetit of RBOt9.Bomawer uncoadrt(onala►assl�s and transfers to tend�aU the�nts and�evenues ot the ,4�:_J_"_.
<br /> . proPe�y►.Borrower autha►izes Lertder or I.endds ager�ts to coiteet the rents and revenues and hereby direcb each tenatri of the .,�, . _.
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<br /> "'° Ptopetiy to pay the rerrts to lender or Lender's agenis.Howev�pdor to Lende�s nottce to Borrower ot Borrower's breach of _`..
<br /> �..._��•, arry covenartt or ageement tn the Security Instrument,Borrower sha0 coltect and recdve a8 r+enta end rerenuss of the PraperlY r � .- __----
<br /> . ,: as trustee tor the benefit of lender and Horrower. This asst�merrt of rents consUWtes en ebsuMe asstgnmeM end not en ry, _
<br /> ' � � assignment tor add�lonal security onty. c -
<br /> . ' `:,�.� ff Lende►gives notice ot breacli to Bortower: (a)aD rerts recetved by Borrower she0 be held 6y Bortower es trustee tor r -�.. ..
<br /> • - - b�eftt o1 Lender oniy, to be appDed to the sums secured by the Securi[y Insbum�aro��due andeunpafd o�LenC oa ` " ^-=--
<br />- - receive all of ths rerRs at the Properly: and(c) each tenant of the Property —
<br /> r�. ;��:� � `
<br /> . � .. Lender's egen!on Lmsdeis wdtten demand to tho tenant --_---
<br /> , :',:;'',,.,` gnr:av�er hae not�executed any pftor assignment of the rerrts and hea not_and wiil not pertorm any ad that would preverrt ___ M
<br />_ . .''1•: : "' LenQer Lam�cerotstng tts dghts und�this Paragr�aap!►17.
<br /> :`. .� . . ,Lender shall not be required to enter upon,take ca�l ot or ma(nteln the PropeRy before o:aRPr 9lving noUce of breacb to �- Y._
<br /> . . ��;.` Borrower. However, Lender or a judiclalty epPotnted rzceiver may do so at arry Ume there is a breach.My epPUcaUon of rerrts ��T--=--.�'
<br /> ,�:,, ";.� shaD not afre or waive erry defauH or Imelidate acry other dght ar remedy of Lender.Thts asst�ment of�r►'s af the Prop2rty► _ _-
<br /> , r shaU tertNnffie when the debt secu+ed by the SecuritY�nstrument is peid(n tulL _° •
<br /> . �.,�
<br /> 18. Forectosura Procedura. if lender requires immedla4e payta�en4 in full under Paragrapb 9, �-.�:.-�_
<br /> . `. '� ' • Lsnd�r may Imrotce the power of sale and any ogher remedies permitted b y app i i c a b le law.
<br /> �� � I.snder shat! be entitted to collect all exp�nses incuned in pwsutng th� P�medtes provlded in . ���•�`�
<br /> , • � �. thl� Paragraph 18, includirtg, but not timited to, eeasona3�le attomeys' fees and cos2s a'f tWe � =�' -`5,�-
<br /> f __. " f. �-
<br /> � . . � �videR�. i���:;�.-.r•�.-�
<br /> � � �� � If the powar of sate is 1�voked. Trustee shali record a notice of d�tauf4 in each county in --.=y _
<br /> w�t¢h any,par4 of the Property is toca4�d and shall ma11 copiea ot such notice in the manner ,
<br /> �, prescri6ed by app�tca6�e �a�v to Borra�ver and to the other persons prescribed by�ppfiaabt�taw. :___
<br /> . ARer the ttnte requtred try applicabte taw,Trostee sfiall glve pubtic not�ae af s�te to ti� porsons , ; _
<br /> ''x ��� � "• nnd tn the manner prescritaec9 by appllcable law.Teustee,without demand on Borrawar,sha11 sell _
<br /> ` . . • � the Property at �OUbltc auct'aa� to tho htgheat b9dder at the time and ptaae and urtder the terms
<br /> ��,>;;, . , .. � �� . dostgnated in the nottce of sa1A in on� ar more parcels and tn any ardsr Trustee de�terminea , _ .
<br /> -���;'+�.: � Trustee m�y pos?�one sate of all oP any parcei af the Property by pubfic announcemeM at the
<br /> • �• ' � � time and place af any previously sr9teduled sale. Lendee or tts designea may purchase the . � .
<br /> , . Pro��Tty at atry sale. , '. . '
<br /> • Upon rocelpt o! paymeti# of tt►e price bid, Trustea shall deltver to the puechaser Trustee'� �� .;. ..�:::;,;:..
<br /> � � deed coaveying the Property.The rer�;#ala In th�Trustee's deed shali ioe prlma iacie evidence W
<br /> ;:<;.' � - tDie truth at the statements made thereln. T�ustee shail ap�ly the proceeds ai the sate In the . . .
<br /> . .� . . toltowing order: (a) to all costs and expenses of exercising the power of eale, and tha sale, , � _
<br /> � � � . inctuding the payment of the Z�us4ee's teea actuatty incurret7, not to eacceed 10°/a �'o _. -
<br />- .•`� ;. • � o! ttee princtpal amaun3 of the note at the time of the dectara4ion of default, ane9 reasonabie . ;
<br /> . attorney9' fees as permitted (oy law: (b) to all sums secured by thia Security Instrument; and (c) .
<br /> , any excess to the person or persans legaliy erttitted to it. �
<br /> � � � If 4he O.ender's Interest in thls Security Instrumant Is held by the Secretary and the Socretary
<br /> . � : � requires immediate paymer�t in iull u�der Paragraph 9, the Secretary may invcke the nonjudicfaf ,. : _
<br /> � : power of sale provided in the Single Famity Mortgage For�closure Act of 1984 ("A�t'h (12 U.S.C. :
<br /> • 3T51 Q,t �,eg•) bY r�questing a foreclosure commissioner designa4ed undar the Act to commence
<br /> � � for0closure and to s�il the Property as provided in tha Ac4. Nothing in the �rec�ding sentence � . .
<br /> � .. shall deprive the Seoretary o! any righte otherwtse svailabte to a Lertder under this Parag►aph.18
<br /> ,. � . or appUca�la law. � � •
<br /> � � : , ' 19. ReCOtlVeyence. Upen payment ot all sums secured by this Security InsVument, Lender sha(I request TNStee to • �' '
<br /> ��'' � . recomrey the Property and sha0 surrender this Security tnstrument end all noted evidencing debt secured by tl�Is Security _ .
<br /> ���.�• (nstrument to Trustee.Trus{ee shatl reeonvey the Properiy without warranry and without charge to the person or persons legaily , �
<br /> . •� � � ' entiUad to it-Such person or persons shall pay any recorda8on costs. '. �
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<br /> - . - . .. .� F59�3.LM0(9/96l - - :
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<br /> ' ... • • C6970034 � .
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