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<br /> . � • conflicts witA apRlicable taw. such conffict shall not aftect other provisions of this Security Instrument or the Note which can be � .
<br /> << � given eEtect without the canfficting pro•rlsion. To thls end the provisions of tfiis Security fnshument and the iVote are dec�red to � , . _
<br /> � �� be severable. ` .' _.
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<br /> , ; 15. BO1fpW@f�S CO�Q�/. Borrower shall be given one contormed copy of the Note and of this yeaiirily InsUument. E ,���``
<br /> � i 16. HazStdOU9 Sub&43�iCe9. Bortower shall not cause or permit the presence. use, disposai, storaga or relPase ot � � � ,
<br /> ,�•` any Ha7ardaeu Substances on or in the Property. 8orrower shaU nat do, nor a7ow anyone etse to do, anything atfecGng the f
<br /> � Property that is in viotation oi any Environmentat l.aw. The preceding two sentences shaU not appty to the presence, use, or �� � •
<br /> � storage on the Property of small quanUties of Hazardous Substances that ere generaUy recogn¢ed to be appropriate to normai ` .
<br /> ; ' _ !i residential uses and to maintenance ot the Froperty. �
<br /> J 8or►ower shall promptty give Lender written notice of any invesUgaUon, da(m, demand lawsuft or other actlnn by any
<br /> � . ::� govemmentat or regulatory agency or private parly invoNing the Property end any Hazardous Substance or Environmental Law of --"` � '
<br /> which Borrower has actual knowledge. If Borrower leams, or is notified by any govemmentel or regutatory authoriry, that any
<br /> ' � .,3 removal or other remediation of any Harardous 3ubsiances aflecting the Property is necessary. Borrower shall pramptiy take all • '
<br /> . .�; necessary rem�al a�ions in accordance with Enviranmental Law. ' -- '.� �;-
<br /> � As used 1n this paragraph 16. 'Hazardous Substat�ces° are those substartces defined as toxic or hazardous substances by ' �3..:�.
<br /> - Environmental Law and the foitowing substances: gasofine, kerosene, other flammable or topc petroteum products, tox(c , -
<br /> , pestiGdes and herbiddes,volatile solvents, materials containing asbestos or formaldehyde, and radioacdve matertals.As used in _ -_ °-�
<br /> the paragraph tS, 'Envirnnmental Law' means teQeral Iaws and laws of the jurisdicbon where the Property is located that relate � - ':f�•
<br />__ to heaith, safety or envlronmental protection. � _
<br /> �. �S��':.-
<br /> - . � IVON-UNIFORM COVENANTS.Bortower end Lender turther covenarrt end ageee as foilows: � - _
<br /> 17. ASSigrtmeDt Of Rettt9. Borrower unconditionally asstgns and transfers to Lender aU the rents and revenues of the . � ____
<br /> . ProPerry. 8arrower authorizes Lender or Lender's agents to coUect the rerrts and revenues and hereby directs eact►t�attt of the '
<br /> , -;,�;�,.
<br /> , • Properry to pay the rents to Lender or Lender's agents.However, prior to Lenders noUce to Borrower of.Borrowei's breach af _
<br /> - ' '� arty covenant or agreement fi the 3ecurity tnstrument, Borrower straD conect artd recehre all re.nts and revenves of the Ptioperty - --
<br /> ` as Vustee tor the benefit of Lender and Borrower. Th(s assignmerrt of rents constiAttes an absotute asslgnment and not an ; . _,
<br /> , . assignment for additiona!securiry only. •
<br /> . N Lender gives noUce ot breach to Borrower. (a)a(I rents recehred by Borrower shall be hetd by Borrower as trustee for ; __
<br /> , „ , �' beneht of Lender onty,to be applied to the sums secured by the Securiry InsOumenx (b) Lender shall be entiUed to collect and ° -- ._.—_
<br /> . � ` rece[ve atl ef the renb of the Property: and (c) each tenant of the Property sheli pay ap rents due and unpaid to Lender or s:" .'..'�`•;
<br /> � � Lender's agent on LendeYs written demend w the tenar�t - ��
<br /> � Borrower has not executed any prtor assignment of the rents end hes not and Mn11 not perfortn any ad that woutd prevent '' �°---
<br /> •�- Lende►from exerdsing its�Ights under th(s Paragraph 17. �'`±'����
<br /> , � Lender shali not be requ(red to errter upon,take wntrol of or maintain the Property betore or after giving noUce of breaah to , .- -- _
<br /> , Borrower. However, Lender or a Judidaily appainted receiver may do so at arty Ume there is a breach.Any appOeation of rents ' ;'��
<br /> shall not cure or waive any defauit or invalidate any other right ar remedy of Lendec This assignme�t ot rents of the Praperry . '�:;�f"�
<br /> . . . __a.:�::,��.��
<br /> sha0 tertninata when the debt seCUred by the Securityr Instrumertt is paid in tuti. � - s,�.�- -
<br /> a _ 18. Foreatosure Procedure. If Lender requlres immediate paymerrt in tu0 under Paragiaph 9, ' y��
<br /> Lender may tnvoke the power of sate andl any other remedies perm(tted by applicable law. . •!_ ��^�
<br /> ' .' ��. Lender shall be entitied to collect all expenses incurred in pursuing the �emedies provided in ; • � ��'°�'��;�
<br /> � '':`:t:-
<br /> � this Paragraph 18, including, but not limited to, reasonabte attomeys' fees and costs of title , '��i��:•
<br /> � evidence. � '�.�-`
<br /> : � If the power of sale is invok�d. Trustee shall record a nottce oi detaun in each couMy in � �• ' ;";�`.
<br /> ,:
<br /> �� whlch any pa�t of the Property is located and shafl maii coptes of such nctt�e In 4he manner _ . ;;�
<br /> '. � prescrlbed by appficable law to Borrawer and to the other persons prescribed by applieabfe law. ; _'�'-
<br /> After the time required by applica6le law, Trustee shall give public notice of sale to the persons �'�"t'��
<br /> and in the manner prescribed by applfcable taw. Trustee, withoat demand on Borrower. shatl soll '` `"
<br /> � tha Property at public sucNon to the hlghest bldder at the time and place and under the temos '
<br /> � i designated in the notice o4 sate In one or more parcels and in any order Trustee determinea • . ,.. �
<br /> Trustee may postpone sate of ail or any parcel of the Property by pubiic announcemerrt at the �. . ' �
<br /> � � time and place of any prevlously scheduled sale. L.ender or its destgnee may purahase the . .
<br /> Property at any sate.
<br /> Upon receipt of payment of the prlce bid. Trus4ee shall deliver to the purchaser Trustee's .• .
<br /> deed convaying the Property. T6ev �ecitals in the Trustee's deed shall 6e prlma tacte evidenae o4 ' . .
<br /> � the truth of the statements made therein. Trustee shall apply the proceeda of the sate in the :
<br /> -. i ' fopowing order: (a) to a0 costs and expensea of exerclsing the power of eale, and the sate, � .
<br /> , � lnctuding the payment of the Trustee's fees actually Incurred. nat to exceed three % , • _ .
<br /> of the principal amount of the nate at the time of the declaration af de9auft, and reasonablA . . .
<br /> • � attorneys' fees as permitted by law; (b) to ail suma seeured by this Security fnstrument; and (c)
<br /> � any excess to the person or persons legally entltled to it. '
<br /> , tf the Lender's interest in this Securdty lnsirument is held by the Secretary �nd the Secretary � � '
<br />-,., � requires immediate payment in full under Paragraph 9,ths Secretary may invoke the nonj!�dfcia! : ..
<br /> � power of sate pravided In the Single Family Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C.
<br /> : 3751 et seg.) by requesting a foreclosure commisaiaaer designated under the Act to commence •
<br /> � � . ; foreclosure and to sell the Property as provided in the Act Nothing i� tf�e preceding sentence •
<br /> - � sha11 deprive the Secretary M any rlghts otherwise available to a Lender under this Paragraph 18
<br /> • or appHcable law. �
<br /> 19. Reconveyanee. Upon payment of all sums secured by this Security instrument, Lender shall request Trustee to � •
<br /> - . reconvey the Property and shali surrender this Securiry instrument and ali noted e�idencing debt secured by ihis Security
<br /> . ' Instrument to Trustee. Trustee shall reconvey the Property without wananty and withoul charge to the person or persone tegally
<br /> � enfitted to A. Such person or persons shail pay any recordation costs.
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