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<br />' conflicts wrth applicable faw such con4ict shall not aftect other provisions of this Securdy �nstrument or the Note which can be � _
<br /> ' gnren eftect wdhout the con@ctmg provision To this end the prowsio�s of th5 Securtty �nsVUment and the Note are dedared to � • : . � _
<br /> be severable. . . . . . F'
<br /> 15. Borrower'3 COpy. Borrower shall be grven one cenformed capy ot the Note and of this Security Inshument. � =J
<br /> 16. Hazardous Substances. Borrower shall not puse or pertnit the presence. use. a�spo�ai. oivraya.�� :�� �' -�'�-'"�-'�-T---
<br /> any Hazardous Substances on or in the Properly. Borrower shall not do, nor allow anyone eise to do. anything affectmg the _ . , _
<br /> Property that is in violaUon of any Environmental law- The precedng two sentences shaR not appiy to the presence. use. or .
<br /> storage on the Property of smali quantities of Hazardous Substances that are genera��y recogn¢ed to be appropnate to normal -
<br /> residential uses and to maintenance of the Properiy. `�f^�%', . �„'•
<br />—'• Borrower shall rom e Lender wriC=r+ noG�ce of any inves6t,�tian. c1a:m, den'.and, lawsuit or oth�r action by z-y _ .. __ ��'°��"�% �•' �
<br /> p ?tlll 9�'� 'r��;;�•r,.�---;..�.
<br /> govemmentat or reguiatory agency or privat�Fz::� n 3'�:ng the PropeAy and any Harardous Substance or E"��r.s:r.antal La�� o` _ : ""'``""' �
<br /> , ( which Borrower has aC.��al knowledge. If Borro�+�- ��'+tis cr is noified by a.ny govemmental or regulatery acr.:+3�i*ti t�ac an� :
<br /> �t-�abzs or other remer�ation r,f any Harardous Subs`ar.ces aPecCr.g the Properry is necessary. BoROwer sha=5 �-o^i�n�. ra�z a;' • , :
<br /> necessary remed'sai actions in accordance with Environmentai Law- • ' . - � - �- -
<br /> As used in this paragraph 16. 'Hazardous Substances' are lhose substances defined as toxic or hazardous substances by • . • -
<br /> Z � ..Y-
<br /> Environmental Law and the to{lowing substances: gasoGne, kerosene. other ilammahie or toxic pe[roleum produds. toxic � =� '
<br /> pestiddes and herbicides, votatiie sotvents.materials cantaining asbestos or formaldehyde, and radioactive materials. As used in � ,�<<.•,���
<br /> the para�gaph 18. 'Envimnmental Law' me3ns federal lavrs and laws of the�unsdiction where tfie P►operly is located that relate _ ='_%' — •-
<br /> to health.safety or envUonmenta!protec8on. � t�='- °'=-
<br /> , �--�=-=�---
<br /> NON•UNIFORM COVENANTS Bortov�er and Lertder furtfier covenant and a�ree as touows ' f„���
<br /> , ���,.
<br /> 17. A88latlTti8114 O� R9tlt9. 8orrowet unwnditianaity ossigna and Iransiera to Lender ap the rents and reveaues of ihe � r s� ' '�� ^
<br /> • Property. Bortowor uuthonzos Lender or Lender's agents to collect the rents and roveaues and hereby directs each tonant o1 lhe ,. ��#'�`'
<br /> �vc ._
<br /> . Properry to pay the rents to LendEr or Lender's agents. However. prtar to Lender's nouce to Bortower ot Bortower's breach o1 �': ��,,,,
<br /> any covenant or agreement m the Security Insbvment. Borrov�er shail coltect and rececve all rents and revenues of the Property ._=�;v_
<br /> as trustee tor the Eenefit of Lender and Bortower. This assignment oi ►ents constitutes en absotute assignment and not an .' '�
<br /> essignmeol tor additional security onty. .. . � -��_�
<br /> , It Lender gives noUce of breach to Borrower. (a) all rents received by Bortower shall be held by 8ortawer as trustee tor �' �" - -
<br /> � benefit of Lender ony,to be appfied to the sums secured by the Searity Instrument: (b) Lender shall be entitled to eoilect and • �'
<br /> '~J��..�•..' .�y...:
<br /> ' receive all oi the reats of the Property: and (c) each tenant oi the Property shall pay ail rents due and unRald to Lender or �.
<br /> Lender's agent on Lender's written demand to the tenant ' �� " Y � S� '
<br /> L ,.
<br /> � BoROwer has not executed any prior assignment of the rents and has not and will not peAortn any act that would prevent �•?�,; � � � (�t.. .,.
<br /> Lender irom exercJstng its dghts undet this Paragraph 17. _
<br /> _..,� �
<br /> Lender shatl not be requfred to enter upon,talce control of or maintain the Property before or after ghrng r��ce of breach to ���.�� . .:y� -
<br /> Borrawer. HoweveG Lender or a judicialty appofnted receiver may do so at any Ume there is a breach.My ag�IicaUon of rents •���.� ,�,
<br /> sha11 not cure or wa(ve any default or tnva�date any other right or remedy of Lender. This assignment of rer.YS of the Properry • �j�w,,i�.i�". }:�.��
<br /> : ,s�
<br /> shali termfnate when the debt secured by the Secc�ity InsWment Is paid in tufi. ,a� ;; _
<br />.,:;. �* 1 � _
<br /> 18. Foreclosure Praceduro. It Lender requlres immediate payment in fulf undor Paragraph 9. _ ^l„�,�°.�. ` •+.� •
<br /><��'a`.•i Lender may Invoke the �mwer o# sale and any other remedies permitted by a�pRcable law. �' ,-
<br />'':�}i`� Lender shall 1¢e enNtted to cotleat all e�cpenses incurred in pursuing the veme�er�� provided in t _� •� -
<br /> this Paragrap�o 18, inciudfng, bu2 eseR limited to, reasonable attorneys' fees aiad costs af tifte ;°,;r,:
<br /> ' �1 evddence. ,.A=r�'`_-
<br /> 7� the power of sale is invoked, Trustee stvall ►ecerd a notice of default in e3ch counfiy fn :;���''"""'—` --�-
<br /> � � ��:�h any part of the Property la loaated anm �all mail coptes of such notice in the man�er ':�,;;'___� '�:",--
<br /> (� prescribed by applicabte law to Bonower and to�.a other persons pre=�rlbed b� applicab4e law. -�;;,'''�
<br /> ; �',�"" .�"�: ,.
<br /> � After the time requlred by applica6te law, T►ustee s;taiGG ��� �r�C�".?a e�¢�i� of saUr� ffra the persons � -
<br /> and in the manner presc�i�ad by applicable law.Trust�e,�{�:�Y cCc��� on �rc-�er, shall sell . ___'��"."
<br /> the Property at public audtfln to ths highe$t btdder at the time an� �Ca.ze and u�der the terma R "` ``"q�,�': `
<br /> ;° ��>'��:. .
<br />:,�,,_,�`. designated in the notic� � sale in one or more parcels and fn any �:�ar Tn:s:�e determit�es. .��r�°,�=�.��.__
<br /> Trustee may postpone sate of aq or any parcel of th� Property by pcy::c a:���r�r�s�ement at the . •� `:""�:�'�«,`- `
<br /> . titne and pla�xa of any previausly schedulad sate. Leader or its desig-�� mn�.� parchase the ;:�:-�.�..=.�`'-`'�,':`t=
<br /> �� - - :i.����
<br /> .. Psc�erty at arty sate. �_ .;�:::.:�
<br /> , � -.. _•..:... ,�?':se;..
<br /> • ¢3pon recelpt of paymen! of the price bld, Trustee shatl daliver to the pershaser Trustoes � , ,,:_.��;,t:, ::__
<br /> deed conveying the Property. The rec(tats in the Trustee's deed shall be prima facie evidence of �':`�'-`
<br /> the truth of tha statements made therein. Trustee shatl apply the p�oceeds of 89�e sale in the �}���```' �`
<br /> tollowing order. (a) to all costs and expanses of exercising the pou+rer of s��. and the sale, ' �'c'9`�-�.�:'�.�;��
<br /> including the payment af the Trustee's iees actualty incurred, not to exceed thrm� 9'0 ' •;�'�,;;��`���:___-
<br /> of the p►incipal amount m'J the note at the time ot 4he declaratton of deiautt, and reasona6lo "'"�`°'�-y..`�i?;".'�''�':
<br />� - attorneys' tees as permttied by law: (b) 4o all sums securod by this S�aurity tnstrumeM; and (c) '�� '�'�.`�'='�'�
<br /> � any excess to the person or persona legally entitfed to it. 't _ � � �`���'�'�� '
<br /> � ff the Lender's Interest in thts Securtty InstrumeM Is hetd by the Secretary and the Secretary •
<br /> . . requirea immedia2e payment in tull under Paragreph 9, 2he Secre4ary may invoke the nonjudiclaf �� - {�_
<br /> powe� o! sale provided in the Singlo Famity Mortgage Foreclosure Act of 1894 ("Act") (12 U.S.C. . � • , _
<br /> 3751 et s�.) by requesNng a foreclosure commisslonea designated u�der the Act to commence .. � . i..__.. .-
<br /> � toreclosure and to seil the Properly as prmvided D�the Act Nothing in the preceding sentence . . •
<br /> . � shall deprive the Seeretary of any rights otherwise available to a Lender under this Paragraph 18 ' . . � .
<br /> _ � or appllcabfe law. � �
<br /> j19. ReCOnveyediC�. Cpon payment o1 all sums secured by this Security Instrument. Lender shaU request Trustee to � ' , _
<br /> i �
<br />• .� reconvey the Properry and sh.;J, surrender this Security Instrument and all noted evidencing debl seCUred by this Security : ��.�.y:�,._�',:� .
<br /> . tr.s�-_�r;ent to Tr,�siee. Trustee shall reconvey the Property without wartanty and wAhout charge to the person or persons legally .}`�'��� '.
<br /> . ��''
<br /> ' '� c�':,'!o ."..S�:�� �ersan or persons shall pay any recordatlon costs. � -
<br /> FI.
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