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200206295 <br />13. Notices. Any novice to Borrower provided for in this Security Iustom of shall be given by delivering it or <br />by mailing it by first class mail unless applicable law requires use of another method. The notice shall Lc dlroctcd to <br />the Property Addrevs or any other address Burrower designates by notice to Lender. Any notice to Lender shall Lc <br />given by Pmt class resit to Lender's address stand herein or any address Louder designates by notice to Borrower. <br />Any notice provided for in this Security lastrentent shall be deemed In have been given to Borrower or Lender when <br />given as provided m this paragraph. <br />14. Governing laws Sevcrahility.'Iilis Security Instrument shall be gmacnted by Peleral law and the law of <br />the jurisillttion in which the Property is located. In the event that arty provision or clause of this Security lustrumcnt <br />or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Sxority lnstnunent or <br />the Note v,hich can be given effect without the conflicting provision. To this end the pmyiiimu of this Security <br />Instrument and the Now are declared to be severable. <br />15. Borrower's Copy. Darrow" shall be given one conformed copy of the Note and of this Security <br />Instnnik:nl. <br />16, Hazardous Substances. Borrower shall not cause or pemnit the presence, use, disposal, storage, or n =tease <br />of any Hazardous Substances ern M in the Property. norrower shall not do. nor allow mtyone else to do, anything <br />affecting the Property that is in violation of any Envirotnriental Law. The preceding two sentc ices shall not apply' m <br />the presence, use, or storage ml the Property of small quantities of Hazardous Substances that am generally <br />ree:oFninxl to be appropriate to normal residential uses Said to maintenance of the Property - <br />lawsuit nc other acoon <br />Borrower shall promptly give Lender written notice of any investigation, claim, denied, <br />by any govrnnmerw or regulatory agency or pnvate party involving the Properly and any Hazardous Substance or <br />Environmental Law of which Borrower has actual knowledge. If Borrower losing, or is notified by any govrunntental <br />or regulatory authority, that any removal or other reandiation of any liarardous Substances affecting the Property is <br />necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environment:] Law. <br />As uud in this paragraph 16, "Hazardous Substances" am those substances defined as loxjc or hazaliluus <br />subsnuce, by F.nviotmocond Law and the following <br />substances: gasoline, kerosene. other BmrvmtLlu or toxic <br />petroleum yxuducts, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonnddchyde, <br />and radinaclive maferiall. As used it, (his paragraph 16, "Envitomenerital Law" means federal laws and laws of the <br />jurisdiction where the Property is located that relate to health, safety or onviconmcntal protection. <br />NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows' <br />17. Assignment of Rents. Borrower unconditionally assigns, and trmMFCrs to Lender all the revs and revenues <br />of the Property. Borrower authorizes Under or Lender's agents w collect the <br />HOwe and revenues <br />Lender's no (1certo <br />Mir tenant of the Property' to pay the rents to Lender or Lender's agents. prior <br />Borrower of Bminwei s breach of any Covenant or agmement in the Security Instnmtent, Borrower shall collect and <br />receive all rents and revenues of the Property as lrustce for the benefit of Lender and Borrower. This asslgnmc,tt Of <br />scats constitutes an absolute assigmnmt and not an assignment for additional security only. <br />If Lendcr gives notice of breach to Borrower. (a) all rents received by Borrower shall he held by Borrower as <br />trustee lot benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender slutll be <br />entitled to collect and tvocive all oI the rents of the Property; and (e) each truant of me Property shall pay all rents <br />due told unpaid to Lender or Lender's agent on Leidcr's written demand to the tenant <br />Burrower has not exxnted my prior assignment of the rents and has not and will not Perform, any an that would <br />prevent Lender from exercising its righus under this paragraph 17. notice <br />l.xndcr shall not be rcquiled to enter upon, take control of or maintain the property before any t m after giving 1CXh <br />of broach o Botrower. However, Lender or a judicially appointed writ <br />may Jo xm at any time there is a Ureach. <br />Any applicmion of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. I his <br />assignnmt of rents of the Property shall ballumtc when the debt secured by the Secortty Instrwnent is paid in full. <br />Z <br />l <br />rovoa,rs � ^.•� 4 <br />(0, naINE) 1.wn z <br />H /91 d <br />'ON Xvi <br />uu evaa anL zoos - It -Nor <br />