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<br /> conflicts wrth appiiaable law. such conflid shall noi aNect other pra.•�sions ot this Securiry InsUument or the Note whfch can tre .'. . , °�
<br /> given eftect without tho confficting provision. To this end the provisions of this Security instrument and the Plote a�e dedared to . � , � -_
<br /> be severaDle. . � '
<br /> .. . . •�.
<br />_� �5. BOtiOWA�'8 COPy. Bortower shall be given one confortned coa�af the Note and of this Sewriiy IrtsVUment. . ' _
<br /> .. - . , ti•�
<br /> 16. Hazardous Subs4anse$. Bortower shall not cause or pertnit the presence. use. dispasal. storage. or release ot . _ .
<br /> any Hazardaus Substances on or in the Froperty. 8orrower shall not do. nor altow anyone else to do. anything afteciing the . � � �' -.�
<br /> �"°7 Property that is irt v�olation o1 any Environmental Law. The preceding Cruo sentences shall not appSy to the presence, use. w � , � r ��_
<br /> storage on the Properry of smafl quantfties of Hazardous Substances that are generalty recogn2ed to be appropnate to nartnal
<br /> _;__ residentiat uses and to mamtenance of the Property. -
<br /> . Borrower shall promptty give lender mitten notice ot any investi�aUon. daim. demand, lawsuit er other action by any , ,—`
<br /> govemmental or reguiatory agency or private party invo{ving the Property and any Haardous Su6stance or Envirn�mentat Law of � ' .�
<br /> which Borrower has actual knowtedg9. If Bortowe� leams, or is notG4zd by any govemmentai or regui3tary authariry, that any � � _
<br /> , removal or other rerrwdation of any Ffazardous Subslen�es affactirig the Properly is necessary. Borrower shtill promptty take all . � t �
<br /> -- . .. .:<,.c
<br /> necessary reme�al ac+lons in accardance witfi Emr�ronmsntal law. ., •
<br /> _,*.�.;. _
<br /> As used in this paragraph 16. 'Hazardous Snbst�nces"are those suhstences defined as toxic or heuudous substances by �. .;� ' .,,. ,°:�
<br /> Environmental Law and the foltowing substFinces: gasoline. kerosene, other flammahle or toxic peVoteum products. toxic '. , -t�.� •-, `
<br /> pesticides and herbiddes.vo!ah]e soivents. materials contaming ashestos or tormaldefiyde, and radioactive materiats. As used in �� . . `' . ""� �
<br /> .:'.<.��': � `.
<br /> the paragraph 16. "Emiro�mental Law' means federal laws and laws of the jurisdiction where the Properry is Iocated that relate ',� � • •� �
<br /> to heatth.safety or environmental protec[ion. ;'?:�` �
<br /> ;`r�� ' .- '�--
<br /> ���� NON-UNIFOflM COVENANTS.Borrower and Lender further covenant and a ree as follows: ''s'�`==- �
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<br /> 17.Assign�nertt arf Rer�ts. Borrower unconditionaily assigns and transfers ta_�der aU tha rents and revenues of the .� ,�,:
<br /> ?.operly.Borrower autharaes Lender or Lenders agents to colled the rents and rovenues and hereby directs each tenant of the ;�..;:,��`�. � � "���=''��
<br /> , ?roperiy to pay the rnnts to Lender or L.��..rs agents. However. prior to Lender's notice to Bortower oi Barrowers breach of �"'t''•:'�,- —1--
<br /> any covenant or agreement in the Securt�C ;r.�-m�ment. Borrower shail cnlled and receive ali rents a.�C�evenues of the Property <� �:�,, . .i-
<br />`'�r:;:` as trustee tor the benefit ot Lender and 5�rrower. This assignment of rents consUtu[es an absot;i'ce assignment and not an �-'--.::: ,.�i��-
<br /> ��-�
<br /> assignment for add'Rional security only. c' ' ' .� .�,• '
<br />' :!f.'y:'r.r�., , .�_
<br /> ' Ii Lender gives noice c'breach to Borrower. (a) all rertts received by BoROwer sha!I be held by Borrower as trustee for •'+'��,:..• p; . -_:_._
<br /> . ! benefrt of Lender onty,to ba appiied to the sums secured by the Securiry InsUument (h} lender shall be entitled to coitect and '�r���rs•�'
<br /> ., '` .
<br /> � :i;,t; receive aIl ct��a rents oi the Property; and (c) each tenant of the Fre�aety shall �ay all rents due and unpaid to Lender or '�`��'
<br /> `�-� Lender's ager•:on Lender's written demand to the tenant. .,;' �a� ��_4+��':
<br /> �� '�,:,
<br /> 8ortower has not executed any prior assignment of the rents and has not and v,'� not perfortn any ad that would prevent �'��i,�.s: '� , .'_��� :-
<br /> • Lender from exercising Rs rights under this Paragraph 17. ' . r �".
<br /> 'q ;, '-.w:•
<br /> Le�der shail not be required to enter upon.take control of or maintain the Propertp���re or after giving notice of 6reach to -' �;
<br /> !�` J N Y Y Y aPP � � iJ,,�� '.
<br /> Borrower. However. Le.�der or a 'udiaal a�spointed recetver ma da sa at an time there is a br�sch. An licalion oi rents ,• ..
<br /> ����t shali not cure or waive any defauit or ima�r�...°:e any other right or remedy of Lender. This assign:r�rrC a rents of the PropeRy . '• ' (6��;�'� - .
<br /> ,,,.,.. ,<<rl� .._i.�_
<br /> � �,r shali tertn(nate when the debt secured by Y^E Security bis�ument is paid in tulL �,,
<br /> .. •r" ,'
<br /> 18. Foreclosure Proaedure. li Lender cvauires immedlate payme�t in full under Paragraph 9, ' :`.`t��:. ;n•:.
<br /> ' Lender may invoSce the power ot sale and any other remediea permitted by applicable law. � ��= ��
<br /> ��._- .
<br /> :':i'�i� l.ender shall be entitted to collect aTl expenses incuned in pursuing th� ►emedfes provlded 9n —
<br />- • '•'•' this Paragraph 18, includirsg, but not qmited to, reasonable ottomeyg' fees and costs of tltte =�i,.:.
<br /> � evidence. ...� � --=_--.' : ._.
<br /> ' . � di the power mf sale is involced, '�ruste� shatl record a notice of default in eacP� county in 1°,(�;,:,' . � �.';�:�;:.� �.'�
<br /> � • whlch any part of the ProperSy is located and shatl mafl coptes of such Rotice in the manner ' •"�" ��,�'.---•�==�
<br /> ` ...�.:..�
<br /> ,;':�,:, prescrlbed by applicable law 4e�vrrovrer and to the other persons prescribed by applicable law. �°�°-
<br /> �• After the time �equired by apptic;6ie law, Trostee shai! give pubUc notice of sate to the persons -• _�.����'� ��
<br /> `' and in the manner prescrlbe6 by applicab4e law. Trustee. withaut demand on SorPOwer� shall sell �
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<br /> ' ``• the Pro e at ubUc suction to the hl hest bldder at the time and lace and under the terms Yi__ ,��, � -
<br /> P Kfl P 9 P . . ��_:�.
<br />. designated in the notice of sals in one or more parcels and in arny order Trustee determines. '.;;;;;;:�,_.__=•--_ �__- ,^
<br /> ,� Trustee may poatpone s�le of aN or any parc�! of the Property by pubflc announcement at the '����y��,-�
<br /> tima an@ �tace oi any previously scheduled sale. Lender or its designee may purchase the �
<br /> ,''+;''� Prope�ty a3 any sale. `..'��•'�� —
<br /> • Upon receipt of payment of the pric� d'.d. Trustee shatl d�c`�ror to the purchaser 4a^JStee's '`�`:Z{, ��.,,....,,,.,,,: _
<br /> deed conveying the Property. The recitals E:�the Trustee's deed shail be pNma facie ew�ance of f�'`��=F�==���-*�-•
<br /> �_._�__
<br /> • the trutE� ¢s? the statementa m�c�m therein. 7rustee ��1 apply the proceeds of the sale in the �������°
<br /> followiR� xader. (a) to all co� and expenses a'� �xsrcising the power of sale, and the sale, ,�_ ''`.` • � . :
<br /> �f o •.:�.}. -
<br /> � .��1 including the payment o!the Yr�32ee'�iees aotually o��r�rred. n�to exceed threo /o x_ ,�:_ .
<br /> �.���.
<br /> . of the princi�al amount of the �ote at t�� 4ime o'f the dec#ara4.on of def�ult. and ro�onabte
<br /> � � '_af�i�lr�;�.
<br /> _: attorneys' iees as permitted by law; (b)to a;l sums secured by t��3 Secu�ity Inst�umen4; and (c) ::k,�;}��'
<br /> ., , any exeess to tho person or persana tegally entitied 4o i�. �.,:�_.���G:,,_��;, �. —
<br />: If tha Lender's interest te� t�i� Security instrumen3 is held by 4he Secrotary and the S2srelary �=:.�:,_ -• :•.,,,;..�_.:. —
<br /> � requires immediate paymont 'rc���II under Paragrapl� 9, fhe Secv¢3ary may invoke the oor�ga�diciat —::��:.==v
<br /> powar of sale provided in the Single FamjQy Mo►tgage ForecloEU�e Act o? 1994 ("AcY') (7� ll.S.C. `.. •
<br /> 3751 et se�.) by requosting a foreclosure �ommissioner designated under th� Act to cm:�mence � � -
<br /> . foreclosure and to sell the Prope�ty ag providod in the Act. Nathing in the preceding sontonce �• � �. •. •—
<br /> shall deprive the Secreiary of any rights othenvlse availabte to � Lender under this Paragraph 18 , .
<br /> � or applicable law. .. . : E':-
<br /> , 19. Reconveyance. Upon payment of all sums secured by this Securiry instrument. Lender shall request Trustee to , —�
<br /> ;
<br /> • . reconvey the Properry and shap sunender this Security Instrument and ali noted evidencing debt seeured by this Security � '" • � •
<br /> Instrument to Trustee.Trustee shall recanvey the PropeRy vrithout warranty and without charge to the pe►son or persons legalty ••
<br /> entitled to it.Such person or persons shall pay any recordation costs. . . � � �.
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