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<br /> . confllcts with appllcablo law. such contliot sheY not aMect other provislons ot this Security Instrument or the Note which can bo j ,
<br /> • � glven offect wlthout the conlllcting provlslon. To this end Ihe provlsions oi this Security Instrument end the No1e are declared to I
<br /> be severeble. I -
<br /> 15. BOf�OW61''a Copy. Borrowor shau be given one confoimed copy of Ihe Note and ol this Secunty Insirument t _
<br /> 18. Heia�dOUB Substances. Borrower shell not �ause or permit the prosenc9, use. dlspoaal. storage.or relenso ol -
<br /> any 4nzsrdous $ubsluncea on or in iho Property.BorrowUr shell not do, nor ellow nnyone elso lo do, enythinQ ettocting Iha�
<br /> Property ihal Is In vlolation o1 any Environmenit�l l.ew Thu praceding two sentenCOS shnll not apply to tha prasenco. uso, or � �
<br /> c+torage on lhe PrAperty ot small quantltlos ol Heterdous Substencos thel are ponerally reco�nized ln be npprnprlete to normel !
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<br /> resldentlal usos and lo malntenance o1 the Property
<br /> Borrower shell promptly givo Lender written notico of any invostigatlon, clalm. domand. lawsuit or olher actlan by uny �
<br /> governmental or regulatory agency or privato party u�volving tho Property and any Hazardous Substance or Envvonmental Law ot Q
<br /> which Borrower has actuel knowledge. H dorrower Ieams. or is notitied by any povernmental or reguletory authority, ihat nny �
<br /> removal or other remedlatlon of sny Hazardoua Substances affecting the Property is neceasary, Borrower shall promptly teke ell �
<br /> necessary remedlal actions In accordance wilh Environmental Law. , -
<br /> As used in this peragraph 78, "Hazardous Substances" ere ihose substences deTined as loxic or hazardous substencas by _
<br /> Environmental Luw end the foll�wing subatances: gasoline, kerosene, other tlemmeble or toxic petroleum products, toxic
<br /> pesticldes and herblcldes, volatile soNents, meterlals contelning asbestos or formeldehyde, and radloactive meterlels. As used in ,
<br /> the paragraph 18, °Envlronmental Law' means federal laws and Inws ot the Jurisdictfon wliere the Property is localed that relate ;�_,_^_
<br /> to health, safety or environmental protectlon.
<br /> NON•UNIFOHM COVENANTS. Borrower and Lenderlurther covenent snd agree as toilows: „ • _
<br /> 17. Assignment of Rents. Borrower unconditlonally assigns and translers to Lender ail the rents and revenues of the
<br /> Property. Borrower authorizes Lender or Lender's agents to colle�t the rents end rovenues end hereby directs each tenant of the
<br /> Property to pay the rents to Lender or Lender's agents.However, prior to Lender's notice to Borrower of Borrower's breach of ,
<br /> eny covenant or agreement fn the Security Instrument. Borrower shall collect and receNe all rents and revenues of the Property
<br /> � as trustee tor the benefit oi Lender and Borrower. This asslgnment o( rents constitutes an absolute assignment and not en '
<br /> �1, assignment for additlonal security only. a�
<br /> If Len�Jer glves notice ot breach to Bortowor: (a) ell rents recelved by Bortower shall be held by Bortower ac trustee inr
<br /> benefit ot Lender only, to be npplled to the sums secured by the SP�urity Instrument; (b) Lender shall be entitled to collect and �:
<br /> recefve all of the rents of the Property; and (c) each tenant of the Property snell pey all rents due and unpald to Lender or . ,. �
<br /> _ Lender's agent on Lender's written demand to the tenant. •� . �:
<br /> Borrower has not executed any prlor essignment oi the rents and nas noi anci wiii nui pertor a��y act:h�t:.c:�ld Rr�v°.^.t _.e+•�-, -- �
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<br /> Lender from exerclsing its dghts under this Peragreph 17.
<br /> Lender shall not be roqulred to enter upon, take control of or malntaln the Property bebre or after giving notice of breach to •�'*�'�`-'` ,j;
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<br /> Borrower. However, Lender or a judiclally appointed receiver may do so at any thne there is a breach.Any eppucation of rents •Y ;�; : ,�
<br /> I shall not cure or waNe any default or Invelidete any other right or remedy of Lender. This essignment of rents of tho Properly '4:�. �•
<br /> { shall tertninete when the debt secured by the Secudty Instrument Is paid in full. ��' '�: ;
<br /> � 18. Foreclosure Procedure. If Lender requiree immed�ate payment in full under Paragraph 9, '
<br /> Lender may invoke the power of sale and any other remedies permitted by applicable law. .- , ;:�:,�
<br /> � � Lender shall be entitled to collect ali expenses incurred In pursufng the remedies provlded in .,��,.:.,�
<br /> this Puragraph 18, including, but not Iimited to, reasonable attorneys' fees and costs of tltle � �'"'°`'
<br /> ovidence. '�t
<br /> � If the power of sale is invoked. Trustee shall record a notice of default In each county in ���_
<br /> whir,h any part of the Property Is located and shall mail coples of such noUce tn the naenner � ,�.��__4�
<br /> ., , prescribed by applicable law to Borrower and to the other persons prescribed by appticable law. _=
<br /> ;. After the tfine required by appl(cable law, Trustee shall gfve public notice of sale to the persons :�'-y�;v±:,_
<br /> � � and in the manner prescribed by appllcable law. Trustee, wRhout demand on Borrower. shall sell E,;,�,�
<br /> ''�`� the Property at public auction to tF�e highest bidder at the thne and place and under the terms ' �'_��'
<br /> `. designated In the notice af sale In one or more parcels and in any order Trustee determines. ,;,;:�!"�—��
<br /> Trustee may postpone satd of all or any parcel of the Property by public announcement at the '` �
<br /> time and place of any previously scheduled sale. Lender or fts designee may purchase the •�;,��, .�,,. -
<br /> Property at any sale. "�' �""
<br /> Upon receipt of payment of the prlce bid, Trustee shall dellver to the purchaser Trustee's � •w�:..
<br /> deed conveying the Property. The recltals in tha Trustee's deed shall be prima facie evidence of
<br /> the truth of the statementa made therein. Trustee shall apply the proceeds of the sale tn the
<br /> following order: (a) to all costa and expenses of exercising the power of sale, and the sale,
<br /> including the payment of the Truatae's fees actually incurred, not to exceed three %
<br /> of the principul amount of the note at the time of the decfaration of default, and reasonable
<br /> attorneys' fees as pormitted by law; �b) to all sums secured by this Security Instrument; and (c)
<br /> any excess to the person or pereons legally entitled to it.
<br /> If the Lender's interest In this Securfty Instrument is held by the Secretary and the Secrotary
<br /> requires Immedlate payment in full undor Paragraph 9, the Secretary may invoke the nonjudfcial
<br /> power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C.
<br /> 3751 ot se�c.) by requesting a foreclosure cammissioner designated under the Act to commence
<br /> .____�__..__ ....a .., ee�� •tio Drr�nnr*v aC nrovided In the Act. Notf�ing in the preceding santence � __
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<br /> � shall daprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 �
<br /> or applicable law. �
<br /> 19. Reeonveyanee. Upon paynient ol ull sums secured by this Security Instrument. Lender shnll request Trustee to �
<br /> reconvey Ihe Property and shall Swrender this Secunty Instrument and all noted Avi�i�•nr�ng debt secured hy this Securdy
<br /> InsWment to Truslee. Trustee shall rcconvey the Property without wannnty and without charge lu the person or persons legally
<br /> entiUed to d. Such person or persons shall pay airy recordation costs.
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