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<br /> i . . fl t other rpvi5lpns of this Secunry Instrumenl or the Note whiCh c8n be I � --
<br /> ; conll�cts with epplfceble law� such conil�t shnll not a ec P
<br /> I piven eHect without the Conll�ting provision. To this ontl the provisions of this Securily Instrument and [he Note are deciared to i . . __
<br /> � '�.�s
<br /> � be sevoreble. � ��'-_-
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<br /> 15. BOf�OW@f'8 l:O��l. E3orrower shall be given one conformed copy ol the Note and ot th�s Secunty Instrument. �
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<br /> 16. Hezerdous SubstenCes. Borrow9r 5hall not Cause or perm�t tne presenco, use, dfsposal, storage, or re�ease o� , r
<br /> `.�t�,�
<br /> r.n%
<br /> any Haierdous Substances on or fn the Property. Borrower shall not do, nor ellow anyone e�se to do, enything aHecl�ng the '•' �.'�3�_
<br /> I Property that Is in violetion of any Envkonmental Law. Tho preCedinp two sentences shall nal apply to Cne presenCe, use, or i •r-.-,_-
<br /> storngo on the Proporty o� small quantftles of Harnrdous Substances that are genorally recognized to be nppropriete to normal � � —_—
<br /> residentlal uses and to malntenanCe of the Property. � � s?R<�,
<br /> Borrower sheli prompdy gtie Lender written not�e ol any Investl�allon,Clakn, demand, lawsuit or other ectlon by anY j �_
<br /> ._%��%.- -.
<br /> govemmental or regulatory egency or prfvate p8rty fnvoNing Ihe Property and any Herardous Substence or Environmental Law of � :y�_�
<br /> whfch Borcower has actuel knowledge. If Borrower leems, or Is notHied by any povernmental or repulatory authority, that any O f �-n: — —
<br /> removal or other remedlatlon of any Huzardous Substances aHeCting Ihe Property �s n9cessary,Borrower s h a l l p r o m p t l y t a k e a�l � ;_
<br /> neCessary remed�al actions In accordance with Envlronmental Law. W .�s'_^
<br /> As used in this peragraph 16, "Hezardous Substances'are those substances defined as tox� or hazardous substances bY w ._' _-� -------
<br /> Envkonmental Law and the followinp substances: pasoline, kerosene, other flammable or toxic petroleum products, toxic • :�'
<br /> pestiCldes and herblcides,vo�atile soNents, mclteriais contafnlny asbestos or famaldehyde, and radiaactive meterie�s. As used in �R;_
<br /> the parepraph 16, "Envi[onmental Law" means federal Iews end laws of the Jurisdfctbn where lhe Property I5 loCAted thet re�ate `_
<br /> to health, safety or envhonmental protectfon. '
<br /> NON•UNIFORM COVENANTS. Borrower and Lender further covenant and agree eF follows:
<br /> 17. Aasignment of Renta. Borrower unconditionally assfgns and transfers to Lend9r ail the rents end revenues of the _- `
<br /> Property. Borrower authorizes Lender or Lender's aqents to collect the rents and revenues and hereby directs each tenant of tha
<br /> Property to pey the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower ot Borrower's breach ol __
<br /> any covenant or agreement in the Security Instrumenl, Bortower shflll Collect and receHe ali rents and ravenunment tandP otea� _
<br /> as trustee tor the benefit of Lender and Borrower. This assignment of rents Constitutes an absolute a5sig �
<br /> �Y. 85signment for additionai security only. _
<br /> If Lender gNes notice of breach to Borrower: (a) all rents receNed by Borrower shall be held by Borrower as truslee for _
<br /> benefit of Lender only, to be applied to the sums secured by Ihe Ser,urity InSWment (b)Lende� shall be entitled to Collect 8nd --
<br /> receNe all of the rents of the Property; and (c) each tenent of the Property shatl pay all rants due and unpaid to Lender or .';;��-
<br /> Lender's agent on Lendor's written demand to the tenBnt. `;f;i'rw
<br /> So^oe:cr hss n^i ex!u'utad any nrlor assipnment oi the rants 8nd hus nol and wlll not perfo�m any act that would prevent •�_� -
<br /> Lender hom exercising RS rights under this Paragraph 17. ��<�' --
<br /> Lender shall not be requked to enter upon,take control of or maintaln the Property before or after gNing notiCe of 6reaCh to ,��Y` ' �:
<br /> Bortower. However, Lender or a Jud�Clalry appointed receNer may do so 8t any timo there Is e breach. Any appl�atlon of rents „ ����.
<br /> nment of rents of the Property •'�' �' •
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<br /> shell not cure or waHe any detault or inva��date any othar right or remedy of Lender. This ess�g .�„�,
<br /> Shgll terminete when the debt seCUred by the SeCUrity Insirument is pa�d In ful. :
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<br /> 18. Forecloaure 1'rocedure. If Lender requirea immedfate peyment In fuil under Peragraph 9, ,
<br /> Lender may Invoke the power of sale and any other remedies permitted by applicable iaw.
<br /> Lender shnil be entitled to collect elt expenses incurred In pursufng the remediea provided In .; w i�•�_
<br /> thfa Peragraph 18, including, but not Ilmited to, reeaonable ettorneye' feea and costs of title ,��,��' - _
<br /> evtdence. ;��t��.�
<br /> If the power of sale is invoked, Trustee ahell record a notice of defautt in eeah county in ��.���
<br /> which eny part of the Property is located end shell mail copiea of auch notice in the menner ..;��:��.r�•.-�
<br /> Iicable lew. �..«•�--=.: '��'
<br /> preacribed by applicabfe law to Borrower and tu the other perBOns prescribed by epp .. _--
<br /> Atter the time required by applicabte lew, Trustee shall give public notice of eale to the persons r� =���
<br /> and in the menner preacribed by epplicable law. Trustee� without demend on Borrower, shall aell ,,:� ;
<br /> the Property at public auct(on to the higheat bidder et the time and plt+ce and under the terms ���+�:•�_ •�,���.,y;
<br /> designated In tfie notice ot sale in one or more parcels end in any order Trustee determMea. _ _�._:��_,��,
<br /> Trustee may postpone sale of all or any parcel of the Property by publfc announcement et the
<br /> •�oi,»_ •- .,
<br /> time and plece of any prevfously scheduled sate. Lender or its designee may purchase the '-'�!���.
<br /> Property at ony s�ale. �
<br /> Upon receipt of payment of the price bid, Trust�e shell deliver to the purchaaer Trustee's ,
<br /> deed conveying the Prope�ty. The recitals In the Trustee'a dei d the "oc erds ufathe sr ee in the
<br /> the truth of the atatements made therein. Truatee shall epp y p
<br /> following order: (a) to all costs and expensea of exercising the power of sale, and the sal�
<br /> including the payment of the Trustee's feea actually incurred, not to exceed 3
<br /> l of the principel emaunt of the note at the time of the declaretion of defeutt, and reasonable i
<br /> attorneys' fees as permitted by lew; (b) to all aums secured by this Security Instrument; and (c)
<br /> � any excess to the person ar persons legelly entitled to it.
<br /> If the Lender's interest in thfs Security Instrument is held by the Secretary and the Secretary
<br /> �equires immediate payment in full under Paregraph 9, the Searetary may tnvoke the nonjudicial
<br /> power af r,ale provfded in the Single Femily Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C. i
<br /> � 3751 et seg.) by requeatfng a foreclosure commissfoner designated under the Act to commence �
<br /> j foreclosure and to seil 4he Property as provided In the Act. Nothing In the preceding sentence
<br /> _• _ _�..a�.. ..�Merwien n�n{IANIP tn a Lender under this Paregraph 18
<br /> � shaU cfeprwe tne �ecrein�y �� a��'r ��y•�•� �.�.�....-- --__..__._ __ �
<br /> or applicable iaw. �
<br /> � 1S. Reconveyance. Upon pnyment of all sums sacured by thi5 Security Insirument, Lender 5hall request Trustee t0 i
<br /> � reconvey the Prope�ty end shell surrendo� ihis Secunty Inslrumont und ell noled evidenCU�g dabt secured by lhis Secunty
<br /> Instrument lo Trustee. Trustee shell reCOnvey lhe Propeny without warrenty end wRhout chargo lo tne person o� persons legelly
<br /> nntit�ed to d. Such persun or persons shall pay any�ecordat�on cosls.
<br /> 1�apo n u� S
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