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<br /> , eonfibte wfth applfcsble law,such contlbt sheli not efleCt other provl5ian6 of thls Security InStrument or the Note whlch can be ;
<br /> pMen eHect wkhout the contlbtinp provlsbn.To this end the provlsions of this Securky Instrument and the Note ere declared to
<br /> be severabb.
<br /> 16. eorrower's Copy.8orrower shall be gNen one confarmed copy ot tNe Note and ot this Security Instrument.
<br /> � 16. Hazerdoue Substancea. Borrower ahall not cause or permit the presence, use, disposal, storage, or release af
<br /> �ny HArerdous Substances on or in tha Property. Borrower 6hall not do, nor allow anyone olse to do, anything eHocthg the
<br /> PropenY that Is In vblat�on of eny Envkonmentei Law. The precedfng two sentences shall not apply to the presenCe, use, or
<br /> �i slora9a on tho Proporty ot smell quantftles of Hnzardous Substences that ere gonerelly recognized to be appropriate to narmel
<br /> � �` nsid�ntkl uaea and to mahtsnance of the Propwty. =
<br /> ��prr Borrower shail promptty plve Lender written notko of eny hvestlgatlon, clalm, demand, lawsuft or other acllon by any -
<br /> ��«:J�4�' qovemmental or repuktory apency or prNate party InvoNing the Property and any Hazardous Substance or Environmental Law ot �
<br /> xhiCh Borrower has aCtual knowledfle. If Bonower leams, or IS natified by any povernmental or repulatory authorky, that any ':� _
<br /> remaval or other remedlatlon of eny Hazerdous Substances aHeCthg the Property Is necessary, Borrower shall promptly take ell� � ?'`���
<br /> necassary remedkl actbns In accordence wkh Envkonmental Law, � :`�"=
<br /> As u5ed in this paragreph 16, "Hazardous Substances"are those substances deflned as tox� or hasardous substances by � -
<br /> � Environmental Law and the folbwing substances: gasoline, kerosane, other flammable or toxic petroleum products, tox� -
<br /> pest(cldes and herbbldes, voiatile soNents, materials containinp asbestos or formaldehyde, end radioactNe materlals.As used in � 1-
<br /> � Ihe peragraph 18, "Envkonmental Law" means tederai Isws and Iaws ot the jurisd�Non where the Property Is loaeted thet relete � ;.--
<br /> a ''.�''�
<br /> lo health, safety or environmantal protection. � �""'.
<br /> �. t.•v�,-
<br /> �! NON•UNIFORM COVENAN7S. 8orrower and Lender further covenant and egree as follows:
<br /> � �
<br /> 17. Assipnmant of Rents. Borrower unconditlonally assipns and transiers to Lender ail the rents and revenues of the __
<br /> �. Property. 8orrower authorizes Lendar or Lenders agents to colfect the rents end revenues end hereby dkects eaah tenant of the `
<br /> '� Property to pay the rents to Lender or Lenders apents. However, prior lo Lenders notice to Borrower of dorrower's breach ot �_=-
<br /> � ,.� eny covenant or agreement In the Securfty Instrument, Bortower shall collect end recehre all rents and revenues of the Property �`
<br /> ' „ as trustee for the beneflt of Lender and Bo�rower. This assignment of rents Constitutes an ebsolute assignment and not an �`:
<br /> essi9nment for additlonal secur(ty oniy. �
<br /> If Lender ghres notice of breach to Borrower: (a) all rents received by Borrower shrill be held by Borrower as trustee for
<br /> benefil of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shull be entitled to colleCt and
<br /> receNe ail of the rents of the Property; and (c) each tenant of the Property shell pay all rents due Bnd unpald to Lender or
<br /> lender's egent on Lender'e wrkten demand to the tenent. _
<br /> - _--_- - __� S;,sra���: haa zo: e�.�::led sr!; prl^r a��4�nmant of the rents and has not and will not peAarm any act thAt would prevent -
<br /> � lender from exeralsNip fts riphts under this Parsgraph 17.
<br /> Lsnder shall not be requlred to enter upon,take control oi or maintaN the Property before or after qNhy nottce of brAech to
<br /> Borrower. However, Lender or e JudlCialy appohted receNer may do so at any tlrtie there is e breach. Any appibatbn of rents
<br /> shall not cure or welve eny deteuR or Invaildate any other ripht or remedy of Lender. Thls assf�nment of rents of the Property —
<br /> �` 6ha11 termfnate when the debt seCUred by the SeCUrfty Instrument is pald in full. -
<br /> 18. Foreclosure Procedure. If Lender requirea immediate payment in tuil under Peragraph 9,
<br /> Lender may invoke the power of aale end any �ther remedi�a Qermftted by epplicable law.
<br /> Lender shetl be entitted to collect all expenses incurred In pursutng the remedies provided in _
<br /> thia Peragraph 18, including, but not Itmited to, reaaoneble attorneya' feea end coata of title
<br /> evidence.
<br />. If the power of aale la Invoked, Truatee ahall record e notice of deteult In eech r.ounty in
<br /> - which any pert of the Property is loceted end shall mell copiea of such notice tn the mnnner
<br /> � preacribed by eppllcable lew to Borrower and to the other peraons preacribed by eppllcable law.
<br />- After the time required by epplicable lew, Truatee ahall give qublic notice of aale to the persons
<br /> end in the manner preacrtbed by epplicable Iex�. Truatee� without demand on Borrower, shall seil
<br /> the Property at public auction to the higheat bidder et the time and plece end under the terms _
<br /> designeted In the notice of sale in one or more parcels end in any orcier Trustee determ�nes. -- =
<br /> � _ Truete� may postpone sale of eil or any parcel of the Property by publle ennouncement et the _
<br /> � � time and place of eny previously scheduled sale. Lender or its deaignee mey purcheae the _
<br /> Property et any sale. _—
<br /> Upon receipt af payment of the priae bfd, Trustee shall deliver to the purcheaer Trustee's _
<br /> deed conveying the Property. The reciteta in the Truatee's deed ahell be prima facie evidence of =
<br /> the truth of the statements made therein. Trustee ahell epply the proceede of the sale In the �.�.:�
<br /> tollowing order: (e) to all coata and expenaes of pxercising the power of sale, end the sele, _
<br /> Including the peyment of the Trustee's fees actuaity incurred, not to exceed 3 °�
<br /> � of the prtncipal emount of the note at the time of the decleretion of default, and reaaonable
<br /> I ettorneya' fees es permitted by law; (b) to all sums secured by this Security Instrument; end (c)
<br /> eny excesa to the person or persons Iegaliy ent(tled to It.
<br /> � If the Lender's interest in this Security Inatrument Is held by the Secretery and the Secretary
<br /> � requirea immediate peyment in full under Paragraph 9, the Secretery mey invoke the nonjudicial
<br /> power oi sale provlded In the Singie Famfty Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C.
<br /> � 3751 e; seg.) by requestinq a foreclosure commissfoner designated under the Act to commence
<br /> - i
<br /> � foreclosure and to selt the Property as provlded tn the Act. Nothing in the preceding sentence
<br /> . . �_...��� . ...1... •I.is Dsreiv►sr�h 1A
<br /> i shail deprive the secretary oT any rignis uinerwiae tav8iiaaiiic w o �.o��vc� .:.�..�� ...... . .....�...r•• •-
<br /> i or epplicable lew. �
<br /> � i
<br /> I 19. Reconveyance. Upon payment of all sums secured by Ihis Security Instrument L.ender shell request Trustee to i
<br /> i reconvoy the Propert� and shall surrender this SeCUrfty �nstrument end nll noted evidencing debt secured by this SrCUrity I
<br /> I Instrument to Trustee. Trustee Sheil reCOnvey the Property without wercanty and without chnrge to the person oi persons �egally I
<br /> i
<br /> - � entitled to it. S"uch persOn or persons shnll pey any reCOrdaUon Costs• �
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