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<br /> confiicts rnth appiicable law. suCh Confl�ct shall ryot aftect other psov�s�ons o!th�s Security Instrument or the IVote wh�Ch can be � . f , �
<br /> giyen eftect without the conf6cGng provis�on To this end the prpv�sions ot this Security Insirument and the Note are decia�ed to �,:�' : c ..
<br />. be severable • • '-e.
<br /> �:_. .
<br /> 15. �Of►OW6�'s Copy.Borrower shail be gr�en one conformed copy of tt�e Note and of th�s Secunty Instrument E' ` � � �=
<br /> �-.:._:-� -- — -_.__ -
<br /> 16. Ftaz��dOUS SubStBnCes. Borrower shall not cause or pertnrt tne presence use. dispasai. �toraga. u� rHease oi � . .
<br /> any Hazardous Substances on or �n the P�operty- 9orrower shaN not do nor allow anyone else to do. anything attectmg the ;:• �• ,
<br /> Property that is �n vioiat�on of any Enwronmental Law The prececLng two sentences shal! not appiy to the presence. use. or � , •�
<br /> � storage on the PropeRy of small quantities of tSazartlous Substances that are generalty recogn¢ed to be app�opnate to nortnal �
<br /> __ re;idenUal uses and to mamtenance ot the Property � �
<br /> Bonower shafi prompUy give Lender written noUce ot any mvesUgation, ciaun, ciemand. lawsuit ar ather actwn Cy anY ---� —, - - -
<br /> c. � , .
<br /> govemmental or regulatory agency or prrvate parry invotvinr�the Property and any Hazardous Substance or Enviroamental Law of �
<br /> which Borrower has actual knowledge. If Borrower leams. or is notified by any govemmental or reguiatory authoriry. that any . . `
<br /> removal or other remediaLOn of any Hazardous Substances affecting the PropeRy is necessary. Borrower sha{I prompUy take all , ' ,
<br /> necessary remedial actions in accordance with Environmental Law � ..
<br /> As used in this paragraph i6. 'H�ardous Substances" are those subs[ances defined as toxic or hazardous substances by �
<br /> Environmental lav� and the follnwing substarte�s� gasoline. kerosene, other flammabie or topc peiroleum products. toxic ,.�,.�,;�s
<br /> pestiades and herbicid�. volatiie solvents,ma:Q�a�s cantaining asbestos orfv:^aldehyde.and radoactive ��2'.:sials.As used in �_•.�•;.�r
<br /> , � the paraqraph 16. "Ern�nnmenta! '_�H mea�s fsaara :aws and.�V.s of t~e �_-sdic6on where the Prope^y � �=�ated th�t:aiste � . "„�
<br /> , "
<br /> !a he:1t. satety or er�3ar.rr.er,�. p:��a.-:��. `- L:�
<br /> +� � ;
<br /> 4 s 1 c/��{>� - s �_
<br /> ti�;4-.:1�;fORM COl•�tUTS. BCRJWZt 3.Ci i.S'ILI2.'S'J�:��. c��a�a�i 3�c agree�s bifows: ` �' )r ,r
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<br /> �i •;��,� Pf�+c'Tjj• - . .
<br /> '? LLSSign4itBT1Y Of i��3'�35.Sorrovier�nconditin�a3y assigns a�C transf�s:o L.�c-�a�:�=�-.ts �':�:evr�es o: he , 5��� � �:
<br /> 1,��.,,�
<br /> Prop� Bortower suthorizes Leader or Lender's agents to colact t!�e rents artd re�enues w�� ���'2:y drects each tenant o`.the y,� �°-
<br /> Property to pay the rents to Lender or Lender's agents. However. pnor to Lender's hotice to Bortower of Bortowers breach of �' * . ..�•"_
<br /> any covenant or agreement in the Security Inswmenl. Borrower shall collece an�receive all rents and revenues ot the Property . �- .:-•.'�i��'�
<br /> as Vustee for the benefit of Lender and Bortower- Th�s assignment of rents eons�itutes an absolute assdgnment and not an .•
<br /> e
<br /> . assignment tor additional securiry ony. '
<br /> I1 Lender gives noUce of breach to Bortower (a) ail rents recvved by Borrower shall be hetd by Borrower as trustee far , ��
<br /> - t the sums secured b the Security Instrument (b)Lender shat be entitted to eoltect and :•-� _ ' ��*±
<br /> benefit o}Lender oniy.to be appiied o Y �
<br /> recelve all 01 the rents of the Properly: and (c) each tenant oi the Property shall pay all rents due and unpeid to Lender or ''; �:
<br /> . � �'•�s r �: .
<br /> Lender s agent on Lender's wdtten demand to ihe tenant ._.'�:�' ���,' �.
<br /> - . Bonovrer has not executed any prior esslQnment ol the rents and has not and�viM1 not perfortr any act that would prevent � •`" _
<br /> • �� t , .^. �,
<br /> Lender trom exereising its aghts under this Paragraph 17 +-;. r
<br /> Lender shali not be requlred to enter upon,take control of or maintain the Praperty betore or after grvmg noUce ol breaCh to .,.._.�.• �,{��
<br /> Bortower. However. Le�der or a judicialiy appolnted receber may do so at any time there is a breach. Qny applicnUon of rents �,!,'_ • ;�;
<br /> ,� shall not cure or waive any default or invalidate any other right or remedy ot Lender. This assignment ot renta ot the Proparly •� °�: •
<br /> + �" a/�
<br /> , .� shall terminete when the debt secured by the Securiry Instrument�s paid in fuil �:r,.:_� �;,i ' �'
<br /> .� � 1 8. Forectosuro Proaodure. If Lender requires immediate paymen4 in futl under Paragraph 9. ��� ��,�
<br /> Le�d�r may invoke the pawer of sale and any othar remedies permitted by appficablo la�w. '^: ��1_
<br /> . � Lenaler shali be entitded to collect all expenses incurred in pursuing the remedles provia9od in ^ ��`
<br /> this Paragraph 18, including, but not limite� to, reasonable at4orneys' fees and costs o! tiUe � "`��....
<br />'. ,�.� evtdonco. �':,, :
<br /> s:.
<br /> ti� the power of sate ns invoked, Trustee sCo,aD3 record a noiice afr �afault 1n each co�n� in •„',�._ -�.. -.-`��
<br /> wttccE�s any part of the �fo�erty is tocated ars� st+ali maU copte� of �z:ch noti�e in the �anner �,' '�i;d����_ ,"-
<br /> � prescri6�ed Qt-� �pplicablo !aw to Borrower and to 4 he o t E xer �arsona prescr i be d b y a p p l t c a b J e l a w. ����_,
<br /> A'�� the ti[rsa requlred �y applicable law. Trustee ahall g;e� pub9lc natice of sale to the persons -__ --_ ••
<br /> �.td i� the manner presr�r3bed by appflcable law. Trus4ee.without de�and on Bor►ower, sfe3ll sell - '�` -�-•�
<br />: ttic� Property at pu6Uc auctlon to tfi�e highes"t m.slder at the time and �laca and under tho 4�rms ' � h �,•' �� •
<br /> �..;�•..,,, ...
<br /> ' designated in the notice of sale u�a cne or o�are parcels and in any order Trustee det�avs+9nes. ; �������
<br /> �.,( Trustee may postpone sale of all or any parcel of the Properly by pubUc anr+auncement at the ' ''"x�,��
<br /> tlme and place of any previousty schedul�d sale. Lender or its destgnee �a}► purchase the ''�`, � �i
<br /> � Propepty at any sale. �`;�''��'�`���r
<br /> ,� Upon recelpt ot payment of the price bid. Trustee shall deliver �o the purchaser Trustee's �, �•t":. �"� � '
<br /> . deed conveying 4he Property. The recitals in the Trustee's deed shall be prima facie evidence of ;x,R�`� .� :*.K•• .'__
<br /> � the truth o! tho statements made therein. Trustee al�all appty the proceeds of the sate in the ,:_.y�;�;.;;,�,,:,� .
<br /> � following order. (a) to all costs and expenses of exercfsing the power of sale. and tho sate. .- . . . -:���:�
<br /> „ Incl�nding the paymen! o!the Trustee's fees actuaiiy incurred, not to exceed threa �'o - . - �:��;�:.,, �
<br /> . ot tho principal amount ot the note at the tlme of the daclaration of detautt, anrl roasonabte ..
<br /> attorReya' tees as permitted by law: (b) to ail sums secured by this Security InsUument; and (c) � • • � :
<br /> any exeess to the person or persons legal{y entitled to it � �. .
<br /> If 4he Lender's interest in this Security Instrument ls hsld by the Secretary and the Secretary • . _
<br /> '" requlaos immediate payment In full under Paragraph 9. the Secretary may invoko tho noajudlclal , •;,�yf�,;�'.., �
<br />• pawer of sale provlded in the Single Family Mortgage Foreclosu�e Act of 1994 ("AcY') (12 U.S.C. • .
<br /> 3751 et seg.) by roquesting a forectaaure commissioner doslgnated under the Act to commence � . .
<br /> forectosuro anc6 to sell the ProperQy as provided in the Act. Nothing in the preceding sentenc� . • ' -
<br /> . � shall de�Orive the Secretary of any rights o4herwise avaita6te to a Let�aDer ursder this Paragrapb 18 ; . _
<br /> or appilcable taw. •
<br /> 19. Reconveyanee. Upon payment of all sums se•:��ed by this Security ��s`.:�'�ent. Lender shell request 3r�stee to ., �
<br /> . reconvey the Properry and shail sunender this Sewrriy :���ument ar.� 2A noted zf��encing debt secured by this Security ^� .�1;.-�f�51',,
<br /> � ;I rs7rument to Trustee. Trustee shall reconvey the Property w^aout warranty and without�harge to the person or Dersons legally f'�;,'�:�, ' ' . —
<br /> �^'��d to d Such person or persons shall pay any recor�at�on costs
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