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<br /> � conlllcte with appllcable lew, auch eonflict shall nat aftect other provlslona ot thls 3ecuriry Instrument or the Note whlch can be , .� ,�, .
<br /> glven eflect wlthout the contllcting provlslon. To this end the provislons ol this Security Instrument and tho Notu ere oeclared to „ •�
<br /> be severable. . .
<br /> 16. Boprower's Copy. Borrower shall be given one conformed copy of the Note and of thls 3ecurity Insirumenl. (p ' � si:a,;.
<br /> --�
<br /> 16. HezerdouA Subatence�. Borrowar shell not cause or permit the presence, use, dlsposal, storago, or releaso ol~ ;����.
<br /> any Hazardous Substences on or In tha Property. Borrower �hell not do, nor allow anyone else to do, anything aflecpng the •� • "�.t��
<br /> =TO>.,
<br /> Property thet Is In vlolaUon ot any Envlronmentai Lew. The praceding two sentences shell not apply to the prasence, use, or � :,�:.-
<br /> storage on the Property o} smali quentitles of Hazerdous Substancos that are genorally recognlzed to be appropriate to normel 'ti.' } . �
<br /> �tt�.:� , e,:-
<br /> resldentlal uses and to malntenance ol the Property. ��� ••
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<br /> •^'[t""� 9orrowor shall promptly glve Lender wrltten notico oi any investigatlon, clalm, demand, lawsult or olher ectlon by any %'•' M�-°.:._ �--
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<br /> ' govemmental or regulatory agency or private paAy Involving the Properiy and eny Hazerdous Substance or Environmentel Law of� ' {-'.� �-
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<br /> which Borrower has actual knovAedge. If Borrower leerns, or Is notiiled by any governmental or regulatory authority, thet any ��;;Y°
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<br /> removel or other remedlatlon of en Hazerdous Substances aflectin the Pro e Is necesse Borrower shall rom tl take ell °-t•`-�'�°-l
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<br /> necessary remedlal actions in accordance wlSh Envlronmental Law `-
<br /> As used In this paragreph 18, 'Hazerdous Substances' are those substencea deflned as toxlc or hezardous substances by �-�==—
<br /> Environmenlai Law and the tollowing substencea: gasolino, keroaene, other tlammable or toxlc petroleum producte, toxlo `�;_.=-.
<br /> pesticides and herblcides, voiatlle solven;s, materials contalning asbestoa or formaldehyde, and radloactive meterlela. As used In �s;.r�u�;_
<br /> Ithe paragraph 18, "Envlronmental Law" means federal laws end lawa oi the Jurisdlction where the Property Is locsted that relete .,�=�
<br /> � to health, safety or environmental protectlon. ..� •
<br /> .� �;� -
<br /> NON-UNIFQRM COVENANTS. Borcower and Lender further covenant and agree ss lollows: ..a 3;r.�,^�
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<br /> 17. Aasignment of Rents. Borrower unconditlonally asslgns and transfers to Lender ell the rents and revenues of the �� "'?'�'-- -
<br /> Propedy. Borrower authodzes Lender or Lendor's agents to collect the rents and revenues and hereby direcls each tenant of the �� -'Yr,:s�Y
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<br /> �t� Properly to pay the rents to Lender or Lender's agenis. However, prlor to Lender's notice to Borrower of Borrower's breach ot � L-=---
<br /> F. any covenent or agreement in the Security Insirument, Bonower shall collect and receive all rents and revenues of the Property P�
<br /> ���^-
<br /> .� es trustee for the benefit of Lender and Borrower. Thls assignment of rents constitutes an absolute assignment and not an .,,' �j_
<br /> essignment for addifional securlty ony. '
<br /> If Lender gives notice of breach to Borrower: (a) ail renis received by Borrower shall be held by Bortower as truatee }or ����=
<br /> benefit of Lender only, to be applied to ihe sums secured by the Security Instrurnent; (b) Lender shall be entitled to collect and �
<br /> �� r9cetve all of the rents of the Properry; end (c) each tenant of the Property shall pay ali rents due and unpald to Lender or W :.—'
<br /> _ Lender's agent on Lender's wr(tten demand to the tenant. � �'�
<br /> Bonower has not executed any prtor asslgnment of the rents and has not and vrlll not perfortn any act that would prevent � —
<br /> Lender Trom exorclsing its rights under thls Paragraph 17. _
<br /> Lender shell not be requlred to enter upon,take control of or maintaln the Property befure or after glving notice of breach ta �_
<br /> Borrower. Ho�vaveG Lender or a Judlclally appolnted recelver mey do so at eny tlme thare Is a breach. Any appucation of renis _ _
<br /> shall not cure or waive any detault or Invalidate any other dght or remedy of Lender. This asslgnment of rents of the Property — =-
<br /> shall terminate when the debt secured by the Secur(ty Instrument Is pald In full. — �
<br /> 18. Forecloaure Procedure. If Lender requires immedlete payment In ful6 undar Paragraph 9, ;� .<.
<br /> Lender may Invoke 4he power of sals and any other remedies permitted by applicable Iaw. -
<br /> Lender shall be entitled to collect all expenses incurred In pursuing the remedies provided In ��
<br /> thia Paragraph 18, including, but not Ilmited tn, reasonable ettorneys' fees and coata of title
<br /> evtdence.
<br /> If the power of sale is Invoiced, Trustee shall record a notice of defeult t� each county In .
<br /> whlah any part of the Property Is located and shal! meil copies af such notfce In the manner
<br /> prescribed by applicable law to Borrower end to the other persons prescribed by applicable law. _
<br /> Aiter the t(me requtred by appltcable law, Trustee shall give public notice of sale to the persona --
<br /> y and In the manner prescrtbed by applicable law. Trustee, without demand on Borrower, shall se0 �=
<br /> � the Property at publlc auctlon to the highest blddor at the time and place and under the terms �='�'- --
<br /> designated fn the notice of sale In one or more parcels and In any order Trustee determines.
<br /> � Trusteo may postpone sale of all or any parcel of the Property by public announcement at the _
<br /> time and place of any previously scheduled sale. Lender or its dealgnee may purchase the --___—____.
<br /> Proporty at any sale. --- ��
<br /> Upon receipt of payment of the price bid, Truatee shall deliver to the purchaser Trustee's -----."-
<br /> deed conveying the Property. The recttals in the Truatee's deed shall be prtma facle evidence of '`;Y:;�y
<br /> � the truth of the etatements made therein. Trustee shall apply the proceeds of the sale in the .-� •- .
<br /> � followin{� order. (a) to all cosis end expenses of exercising the power of sale, and the sale, ����;`-• �r--
<br /> including the payment of the Trustee's fees actually incurred, not to exceed 109'0 9'0 ''"'b'i° •�<�. •
<br /> �I of the principai amount of the note at the time of the declaration of defauit� and reasonable �`�4 �'�«•
<br /> attorneys' feea as permitted by law; (by to all sums secured by this Security Instrument; and (c) . �
<br /> any excess to tho person or pvrsons legally entftled to It.
<br /> , If the Lender's interest fn this Security Instrument is held by the Secret�ry and the Secretary
<br /> , requlras immediate payment in full under Paragraph 9, the 5ecretary may invoke tho nonjudicial
<br /> , power of sale provided In the Single Famtly Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C.
<br /> � 3751 �t seg.) by requesting a foreclosure commtssioner des(gnated under the Act to commence i
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<br /> � TOf9CtOSU�9 a�10 IO StlO ifltl rrvpariy nn pra�v�uav o� u�o r�.�. �wu�o�y u� �na r�000...ny oouw..vv � -�=•-_-.... - ---- - -
<br /> shalt deprive the Secretary of any rights otherwise available to a Lender under thls Paragraph 18 �
<br /> � vr applicable lav�. :
<br /> 19. Reeonveyanae. Upon puyment oi all sums secured by this Security Instrument. Lender shal request Trustee lo �
<br /> reconvey the Property and shall surrender this Security Insirument and all notQd evidencing debt secured by thls Security i
<br /> Instrument to Trustea. Trustee shull rec�nvey ihe Property without werranty and without cherge to the person or persons I�tgally �
<br /> enlitled to it. Such person or persons shnll pay any recordatlon cosis.
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