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<br /> i � conflicts w�th epP[icceb�e laW such conflic!shall not aHeet other provisi0ns of this SecuritY �nstn+ment or Iha Note whieh can Oe � �
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<br /> - -- -�.-, gi�r►eHect w�Aout tha eor►tlict�+g P��n.To this end the provistons of this Secu►itY Inswment and the Note are dec�ared to � ,, , �
<br /> - . -, .- 3 �
<br /> � be 58ve�abla. �-_-,-- 1 -�` 4�
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<br /> ,' ` " � 1 rJ. BO[[OYYei'$CO�y. Bortowet Sh811 be given one conf0�ed coPY ot tAe Note ead oi this Seeurity InStrumenL .. `
<br /> 96. H8Z8�d0118 SU�1Sl8rit�8- 9orrower gheU not esuse ar pertnit the D���• use, disposa4 s:orage, or retease ot
<br /> ` � any FF8�rQ0us SubsTanCe9 on Qr m the Property. Bortawer s�all not do, nor e�ow aayane et5e to do,enyMmg aBect�+9 me . .
<br /> . , pipperty that is a� viotatton ot any Env'vanmentel law. The precada�g two sentences shaU not appN to the D���Ce• use, or . .r ,
<br /> storage on Me Property of smaU quantities ot Ha�erdaus Substances that are Sen�VY�dS�'�d to Ce ap6►!opriate to normal
<br /> - _ residenUai uses and to mabttenence of the PropertY• � ;, _ • '
<br /> _ _ _ Bortower sAaU promPUY 9ive Lender wrrtten notice of any 6ivestigadon. cla�n. demanQ tawsuit or ottrer acUon by eny � --
<br /> , � �, - . r � govemmentai or regulatory agency ot prNate partY invuNmg the PropertY and any Ha7ardons Substance or En�irartrr�anta!laxr ot ( " . ` _ .
<br /> , -1 whicA Barrower has actual knowiedge. tt Bortower I¢ams.or is not�ied by any go�emmeMal or regulatory autporiry. that any
<br /> • , . removal or other remed'eYion of any Hazardous Substances affecting the Property is necessery. Bortower shall promP�Y teke a►� � .,. ' . . �
<br />- ' .. necessaryr remedial acdons o�axordance with E�vironmenml Law. � -
<br /> '� As used in this paraB�aDh 16.'Ha�rdaeis Substances'are those substances deflned as toxic or harerdous substances by � - ' .
<br /> Environmental i.aw and tha todowing substances: gasofine, kerosene. other flammabte ar toxic petoleum proQucts. toxic , :�
<br /> .. pestieides and herbbiQes.voiati�sokents.materials containing asbestos ar tormaldahyde.and radioactiva materiats.Ps used in � ,.'+ ,, _. . ��
<br />. .. . The paragtaph t6. 'ErnQOnmenial Law' means tederal laws end laws Ot the jurisdiCGon where the PropeRy is located that rehats � >< `..';.c.[.. -
<br /> ' ' to�eaah,safety or emrironmental protectton. =_
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<br />- , .-� NON-UIJIFORM COVF�VANTS.Borrower and lender tuRAer eovenant and agree as bltows: ' � .� - --
<br /> �� � 17. ASSignmettt ot ReMs. Borrower unconditionelly assigns and uanslers w�ender all the rents and revenues ot the _ �
<br /> � - Property.BomOwer author�s Lender or LEnders agents ta coUsct the rents and re+renues and hereby dic�ects each tenant of the ";+'. : _
<br /> `` Property to pay the rents to Lender or Lereders agems. However, prior to Lenders notice to Borrower ot Barrowers braact� cf .,.� ___
<br /> , � any covenant or agreement in the Securly MsWment, Bortoxrer shatl co�ect and receive ati rerits and revenues of Ure Propeny ^r:y ;
<br /> . as tru5tee for the benefd af Lender and Borrower.This ass�8nment of rents constitutes en absoh+te ass��t� not en - �—
<br />° • assignment tot aQd'dional security onry. �'='--
<br /> If Lender gives noUce of breacD to Borrower. (a)all rents recehred by 8ortower sha�be hetd by 8orrower es trustee tor � ,•..:�__
<br /> benefd ot Lender ony,to be appt'ied to tne sums secured by the Security tnstrument(b)l.ender sha0 bs entirtded to col�ct and ,.._' ,-:
<br /> `'. receive alt ot tAe rents of the Property:end (c) each te�a�t of the Property shell PaY ali rents due end unpaid to Lender ar u - —
<br /> ._- :"_
<br /> � LenQets agent on Lendets w�itten d9rteand to the tenent ,
<br /> Borcower has cwt e�aecuted enY orlor assignment o!the rents en0 has nnt end will not pertortn enY act tAat woutd O�event ;::';_ -`__ _
<br /> f� . . J. �. LenderiromexercfstngRs rights under thts Paragraph 17. ;,1_a:[ 5�.
<br /> I.ender shall not be requtred to enter upon,talce control ot or maintain the Praperty before or efter 9Ntn9 notke ot breach to •-:.{_ _
<br /> . � ,.��
<br /> Bocrower. However,Lender or a Judicia�y epDcinted receNer may do so 8t any time there is a breaCh.My epp�icetian of rents • _�
<br /> �' ' shatf not cure or waive any Qefauft or mvaiidate any other right or remedy of tsnder.Thts essignment of rents of the PrapeRy ;• _,�•:�
<br /> � shaD terminate when the debt secured by the Security Inswment is paid in fuil. �y�'
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<br /> - • �,=� 18. Forectosure Procedure. If Lender requUes immediate payment in tutl under Paragr�ph 9, ��;M��,�
<br /> �` - Lender may invoke the power of sale and any other remedies permitted by applicable law. "�; :?�:
<br /> • Lende� shall be e�titied to co��ect all expenses incurred in pursuing the remedies provided in ,,_;?�":�'-_
<br /> • - . this Paragraph 18, inctuding, but not limited to, reasonable a4torneys' tees and costs of tiUe �s.�
<br /> : . . evidence. . ' :'�,
<br /> - .. , tf the power oi sate Is invoke�, Trustee shaii record a nottce of detault in each county ln :`� :�:�
<br /> � �t whfch any part of t he P rope r t y is tocated and shall mail coples of such noUce in the manne� ,`__`".
<br />-- Rrescribed by applicabie law to eorrower and to the other persona prescribed by epplicable taw. _
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<br /> ' ARer the time required by appticabte law, Trustee shall give pubtic �aoUce ot��e to the persons
<br /> � end in the manner preseribetl by appltcable taw. Trustee, without demand on Borrower,shall sell
<br /> � the Property at public auctlon to the htgheat btdder at the tlme end place and under the terms : � �
<br /> � destgnated in the notice of aete in one or more parceis and in any orde� Trustea determtrtea .
<br /> � . Trustee may pos�one sale of ail or any parcel ot the Property by public announcement at the : �
<br /> � Ume and place o4 any previously scheduled safe. Lpnder or its d�signee may purchase the . ' _,
<br /> , � Property at any sale. . �
<br /> . :.( Upon receipt ot paymeni oi the price bid, Trustee shall deliver to the purchaser Trustee'� ,
<br /> deed conveying the Property.The recitals In the Trustee's deed shail be prime 4acle evidence of
<br />. - � the Uuth of the statements made theretn. T�ustee shall apply the proceeda ot the sale In the ,.
<br /> �� ;' � �� tollowing order: (a) to atl costs and expenses of exercising the pow�r ot sate, and tha sale.
<br /> inetuding the payment of the Tr�stee's teea actuatty incurred, not to exceed 3 %
<br /> � � of the principal amount of the note �t the time of the dectaretion of detautt, and reasonabfe
<br /> attorneys' teea as permitted by law; (b) to all surtes secured by this Security In�Vument; and (c) ; �
<br /> any excess to tha person or persons tegaliy entiUed to iL .
<br /> tf the Lender's interest in this SecuN4y InsVument is hetd by the Secrefary and the Secretary
<br /> - requirea immediate payment in tull under Paragraph 9, the Secretary may invoke the nonjudiclal .
<br />- power of sate provided in the �ingie Famtly Mottgage Foreetosure Act oi 1994 ("AcY) (12 U.S.C. - .
<br /> 3751 � seg.) by requesUng a torectosure commissioner designated under the Qict to commence
<br /> � .� toreciosure and to sell the Property as provided in the Act Nothing in the preceding sentence
<br /> ' � shall deprive the Secre4ary of any rights otherwise availabte to a Lender under th18 Paragraph 18 . .
<br /> � or appiicable law. .
<br /> , � 99. Reconveyance. Upon payment o1 all sums seCUred by this Security InSWment, Lender shall request Trusteg to
<br /> ;- � reconvey the Property and shali surrender this Security Instrument and all noted evidencing debt secured by this Security ' . .
<br />- . • Insnument to Truste9.Trustee Shail reCOmey the Propedy without wartanty and wRhout Charge to the person or persOns Iegalry 1
<br /> ' , gntitted to R.Such person or persons shall pay any recordaUon Costs. I .
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