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<br /> � •^""^'"� 13.Notices. Any notice to Barrower provlded for in this Security Instrument shall be given by delivering it ar
<br /> �� by mailing it by first class mail unless applicable law requires use of another method.Thc notice shall be directed to �`
<br /> .� the Propercy Address or any other address Borrower designates by notice[o Lender. Any notice to Lender shall be '
<br /> given by first class mail to Lendcr's address stated herein or nny address Lendcr designates by notice to Bonowcr.
<br /> Any notice provided for in this Sccurity Instrument shall be deemed to have bcen given to Borrow�r or L.ender when
<br /> given as provided in this para�raph.
<br /> 14. Governjng Law; Severnbillty. This Security Instnimecit shall be governed by Federal law and the law of
<br /> the jurIsdictlon in which the Propeny is located. In the event that any provision or clause of this Security Instrument
<br /> or the Note conflicts with applicable law,such conflict shall r�ot affect other provislons af this Security Instrument or
<br /> �� � the Note which can be given effect without the conflicting provision. To this end the provisions of this Security ;
<br /> Instrument and the Note arc declazed�o be severable, -
<br /> ' I5. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security
<br /> Instrument.
<br /> 16. Hazardous Substances, Borrower shall not cause or permit the presence, use, disposal,storage,or release
<br /> � . of any Huzardaus Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything n�
<br /> affecting the Propeny that is in violation of any Environmental Law. The pmceding[wo sentences shall not apply to F
<br /> , � � the presence, use, or storage on the Propeny of small quantitics of Hazardous Substances that aze gencrally __
<br /> recognized to be appropriate to normal residential uses and to mair►tenance of the Properry. _
<br /> � Bonower shall promptly give L.ender written notice of any investigation,claim,demand,lawsuit or other action -_
<br /> � by any governmental or regulatory agency or private party lnvolving the Property and any Hazardous Substance or I
<br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns,or is notifted by any governmental �`
<br /> - - Di i�giildtul'j%dUil20iilj%,ihat a-�y rem�c�at or athcr rc�ncclia:ian�f ar.y Hazardaus Sub�tanr�s affc:.:ing shc Psop;.rt;,is `��
<br /> •�• necessary,Bonawer shaU prompdy take all necessary remedial actions in accordance with Environmental Law. _
<br /> � As used in this paragraph 16, "Hazardous Substances" aze those substances de�ned as toxic or hazarclous =-
<br /> substances by Environmentul Law and the following substances: gascline, kerosene, other flammable or t�xic �"
<br />- petroleum products,toxic pesticides and herbicides,volatile solvents, matertals containing asbestos or formaldehyde, �
<br /> and radioactivc materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the �''
<br /> jurisdiction where the Property is located that relate to health, safety or environmental protection. E;;
<br /> ' NON-UNIFORM COVBNAMPS. Borcower and Lender further covenant and agrce as follows: [`:—
<br /> 17. Asslgnment of Rents.Bonower unconditionally assigns and transfers to Lender all the rents and revenues
<br /> of the Property. Borrower authorizes Lender or Lender's agents to collect thc rents and revenues and hereby directs
<br /> ' each tenant of the Property to pay the rents to Lender or L.ender's agents. However, prior to Lender's notice to
<br /> . Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collec[and
<br /> receivc all rents and revenues of the Property as trustee for the benefit of Lender and Bonower.This assignmcnt of
<br /> rents constitutes an absolute assignment and not an assignment for additional secudty anly. ' •--
<br /> If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as --
<br /> trustee for benefit of Lender only, to be applied to the sums secured by the Security instrumcnt;(b) Lender shall be �E
<br /> entitled to collect and receive all of thc rents of the Property; and(c)each tenant of the Properry shall pay all rents
<br /> � due and unpaid to Lender or L.ender's agent on Lender's written demand to thc tenant. __
<br /> Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would
<br /> , prevent l.cnder from cxercising its rights under this paragraph 17.
<br /> Lender shall not be required to enter upon,take cantrol of or maintain the Property before or afier giving notice
<br /> of breach to Borrower. However, Lender or a judicially appointed recciver may do so ttt any timc there is a breach. •�
<br /> Any application of rents shall not curc or waive any default or invalidatc any other right or rcmcdy of Lcndcr. This •�4'+'s,`�,
<br /> assignment of rents of the Propeny shall tr.rminate when the debt secured by the Security Instrument is paid in full. �
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