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200213870 <br />conflict shall not affect other provisions of this Security Instrument or the Note which con be given effect without the conflicting provision. To <br />this end the provisions of this Security Instrument and the Note are declared to be severable <br />lS Borrowe's Copy. Borrower shall be given one conformed copy of this Security Instrument, <br />16 Hazardous Substances, Bonower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous <br />Substances on or in the Property. Bonower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any <br />Envirommial Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of <br />Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. <br />Borrower shall promptly give Lender written nonce of any investiguunn, claim, demand, lawsuit or other action by any governmental or <br />regulatory agency or private parry involving the Property and any Hazardous Substance or Envimmental Law of which Borrower has actual <br />knowledge. If Borrower learns, or is unlined by any governmental or regulatory authority, that any removal m other remediauon of any <br />Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions In accordance with <br />Env,,..ntal Law. <br />As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Envimmental Law <br />and the following substances gasoline, kerosene, other Ilammade or toxic petroleum madams, toxic pesticides and herbicides. volatile <br />,.[vents, materials containing asbestos or formaldehyde, and radioactive materials- As used in the paragraph 16. " Envirmental Law" means <br />federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or enviromental pateenon <br />NON - UNIFORM COVENANTS. Borrower and Lender fuller covenant and agree as follows- <br />17. Amigtn0ref12ehb. Borower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower <br />authorizes Under .1 Lenders agents to co]lcot the Imes and revenues and hereby directs each tenant of the Property to pay the rents to Lender <br />or Lenders agents. However, prior to Lender's notice to Borrower of Borrowers breach of any covenant or agreement in the Security <br />Instalment, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This <br />assignment of rents constitutes an absolute assignment and not an assignment for additional security only. <br />If Lender gives notice of breach to Borrower (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender <br />only, to be applied to the sums secured by the Security Instrument, (b) Lender shall he entitled to collect and receive all of the rents of the <br />Property: and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lenders agent on Lenders written demtand to the <br />tenant. <br />Borrower has not executed any prior assignment of the rents and has not mid will not perform any act that would prevent Lender Gum <br />excreistng its rights under this Paragraph 16. <br />Lender shall not be required to enter upon, take control of or maintain the Property before or alter giving notice of branch to Bono war <br />. <br />However, Lender or ajudicially appointed receiver may do so at any time there is a breach. Any application of rents shall at at,a or wm,m any <br />default or invalidate any other right or remedy of Lender. this assignment of rents of the Property shall terminate when the debt warn ad by the <br />Security Instrument is paid in full. <br />La Foreclosure Protesters If L[nder requires immediate payment in full under Paragraph R Lender may invoke <br />the pours of sale and any otiva remedies permitted by applicable law. Lender shall be entitled to collect all Cipatas <br />incurred in pursing the remedies provided in this paragraph 17, Including, bud not united to, reasonable attorneys fees <br />and costs of title evidence. <br />If the pourer of aide is invoked. Trustee shall record a notice of default in each county in whidl any part of the <br />Property is located and shall nan copies of such notice in the manner as prescribe by applicable law to Bo rawer and to <br />the Whopmr presmbedbyapplhcablelaw. After the tine reparedby applicablelaw, Triesteeshan givepublic notice <br />of sale to the persons and in the nanny prescribed by applicable law. Trustee, without demand on Borra , shall sell <br />the Properly at public aucIIm to the highest bidder at the time and place and under the tint designatedinthenoticeof <br />sale in one or more pared, and in any order Trustee determines Trustee tray postpone sale of all or any pared of the <br />Property by public annou m®t at the lima and place of any previously scheduled led sidle. Lem er or its designee may <br />purchase the Property at any sole, <br />Upco reocpt of payment of the prlcebid, Trustee shall deliva to the purchaser Trustee's deed mhveyiog the <br />Property. Tberedtals in the Truoleds clead shall be prima fade elddenee of the truth of the statmhentsnmde tlhoren <br />Trustee shall apply the proceeds dthesle In the following order: (a) to an eapeoaes of the sale, including, bed not United <br />t0. Tru sbee'sfces as permitted by applhcablelaw and reasmableattorrey 6 fees; (b) to an aim secured by tlds Security <br />Instrument: and (c) any euceES to the person or persmslegany ¢milled to it <br />]9. ReomPlyanee Upon payment of all suns secured by this Security Instrument Lender shall request Trustee to reconvey the <br />Property and shall surenderthis Security Insuumentand all noted evidencing debt secured by this Secunty Insuument to Trustee. Trustee shall <br />reconvey the Property without warranty and without charge to the person or persons legally entitled in it Such person or persons shall pay any <br />recordation costs. <br />20. a bedtime Trustee Lender at its option, may from time to time remove Trustee and appoint a successor trustaa to any Trustee <br />appointed hereunder by an instrument recorded in the county in which tbls Security Insuument is recorded. Without conveyance of the <br />Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. <br />IIOILV (8N1) 1623299 Pat, u f I <br />ctromexnnssm <br />