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<br /> �� n 13.Notices.Any notice to Bonower provided for in this Securlry Instrument ehall be given by dellvcring it or _
<br /> , ... by mailing it by first cless mall unless applicr.ble law requlres use of another method.T'he notice shull Ue directed to _
<br /> ;;;,.,;�� thc Property Address or any othcr address Borrower designates by notice to Lender. Any notice to Lender shnll be =
<br /> �:�� given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. -.
<br /> � Any noticc ptovlded for in this Secur3ty Instnunent shall be deemed to have been given to Borrower or L.ender when =
<br /> given as provided in this paragraph. `
<br /> 14.Goveraing Law; Severnhllity.This Security Insuumenc shall be�overned by Federal law and the law of
<br /> the Jurisdiction in which the Property is located. In the event that any ptovision or clause of thia Security Instrument
<br /> �: � or the Note confllcts with applicable law,auch canflict shall not affec[other provisiona of this Security Instrument or
<br /> �: the Note which can be given effect without the wnfl{cting provision. To this end the provisions of this Security
<br /> Instrument and the Note are declared to be severable.
<br /> . �� 1S. Borrower's Copy. Borrower shall be givea one conformed copy of the Note and of this Securiry
<br /> '�• Instrument. _
<br /> � 16. Ha7ardous Substances. Borrower ahall not cause or permit the presence,use.disposal, storage,cr rclease _
<br /> of any Hazardous Substances on or in the Properry. Bonower shall not do, nar allow anyonv else to du, anything
<br />_ affecting the Property that is in violation of any Environmental Law. The preceding two seutences shall not apply W �
<br /> the presence, use, or storage on the Propecty of small quantities of Ha•t.ardous Substances that are generally ��"
<br /> `+:'.i; recognized ta be appropriate to aormal residential uses and to maintenance of the Property. =
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<br /> �� Borrower shall prompdy give Lender written uotice of any investigatian,claim,demnnd,lawsuit oc other action 1�
<br /> by aay governmental or regulntory agency or pdvate party involving the Property and any Hazardous Swbstance or f
<br /> -- -- _- Er.r.r:ssncnia!:av:af whi�t:R�r:e�v�r ha�actu�!!a!owtP�tgP. if Rnrrower leama,or is notified by any¢overnmental
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<br /> :` or regulatory authority,that any removal or other remediat'son of any Hazardous Substances affecting the Property is =
<br /> .�� necessAry,Borrower s6a11 promptly take all necessary remedial eciions in accordance with Environmental Law. -
<br /> `•�^�-•���•��4� As used in this paragraph 16, "Haznrdous Substances" are those cubstances defined as ioxic or hazardous
<br /> " . aubstances by Environmental Law aud the foltowing substances: gasoline, kerosene, other flammable or toxic
<br /> - . petmleum products, toa9c pesticides and herbicidcs,volatile solvents, materIals containing asbestos or formaldehyde, _
<br /> �"'•�:,;�`:;;,�,�•, and radioactive materlals. As used in this pazagraph 16, "Environmental La�v' means federal laws and laws of tho _.
<br />_"��F�;p�°�3,+; jurlsdiction where the Properry ia located that relate to health,safety or environmental protection.
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<br /> ''`--��' NON-UNIFOItM COVENANTS.Bonower and Lender further covenant and agree as follows:
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<br /> ';.T�,�� 17.Assigument of Rente.Borrower�nconditionally assIgns and transfers to I.ender all the rents and revenues
<br /> of the Property. Borrower authoriz�s I.�nd�r or Leader's agenta to collect the rents and revenues and hereby dlrecta
<br /> -.�;'L� each tenant of the Property to pay the rents to Lender or i.en�ler's agents. Ho�vever. prior to Lender's notice to
<br /> _ Borrower of Bonower's breach of any covenaat or agreement in che Security Iasmiment,Bonower shall collcet and
<br />—'°'�-�� recelve all rents and tevenues of the Property as tTUStce for the ben�fit of I,ender and Iioaower. This assignment of
<br /> _�_,� renta constitutes an absolute assignment end not an�.ssignment for additional secuiity only. -
<br /> ----- If Lender gives notIce of brcar.h to Bonower: (a)all renta received by Borroiver shall be held by Borrower as
<br /> �"}-' �- truatee for benefit of L,ender only,to be epplied to the sums secured by tha Stcurity Insuument; (b)Lender shall be
<br /> --- entitled ro collect and receive all of the rcnts of the Properry; aud(c) each terant of the P�operty shail pay all rents
<br /> - ;R��^�`�� due and unpaid to Lender or Lender's agant on Lender's wdtten demand to the tenant.
<br /> - �:�:z�� Barrower has not executed any prior assigament of the rents and hss no�aad wlil not perform any act that would
<br /> "�� prevent Lender from eaercising its rights under this paragmgh 17.
<br /> Y- a� Leader shall not be requircd to entcr upou. take wntrol of or maintein the Property before or after giving notice
<br /> of breach to Sorrower.Howaver, Lender or a judicially appointed receiver may do so at any time thera is a breach.
<br /> -�"-'�""�'�� An a lication of rents shall not curc or watve any default or invalidatc az►y other right or rcmedy of Lender.This
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<br /> -�m.Y;.;;; - assignment of rents of the Properry shall terminate when the debt secured by the Securlty Tnstniment is pud in full.
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