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<br /> �p 13. Notices. Any notice to Borrower provided for in this Security lnstrument shall be given by deliver�ng i[or ,,�;��;,��_
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<br /> by mailing it by firs[ class mail unless applicable law requires use of another method. The notice shall be directed to .,;��^�._
<br /> the Propeny Address ar any other address Borrower designates by notice to Lender. Any notice to Lender shall be ,<<� —
<br /> ' given by first class mail ta Lender's address s�ated hcrein or any address L.ender designates by notice to Borrower. ,:,��Y�=- _
<br /> Any notice provided for in this Securiry Instrument shall be deemed to have been given to Borrower or Lender when `�•_�-_
<br /> given as provided in this pa�agraph. • -
<br /> , 14. Governing Law;Severability. This Securiry Inscrument shall be governed by Fe3eral law and the law of ;`
<br /> the jurisdictiun in which the Property is located. In che evenc that any provision or clause of this Security Instrument ;:+A._�
<br /> or the Note conflicts wich applicable law,such conflict shall not affect other provisions of this Securiry Inscrument or . �,�`
<br /> the Nute which can be given effect withouc the conflicting provision. To this end the provisions of this Security �,�'-
<br /> Inscrument and the Note are declazed to be severable. __
<br /> I5. Borrower's Copy. Borrower shall be given one conformed copy of the Note and uf this Securiry _
<br /> Instrument.
<br /> �• 16. Hazardous Substances. Borrower shall not cause or permit thc presence, use, disposal, storage,or release ��_
<br /> of any Hazardous Substances on or in the Property. Bonower shall not do, nor allow anyone else to do, anything —
<br /> affeccing the Propeny that is in violation of any Environmental Law. The preceding two sentences shall noc apply to _
<br /> � the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally _
<br /> recogniud to be appropriate to normal residential uses and to maintenance of the Property.
<br /> � Bonuwer shall promptly give L.ender written notice of any investigation,claim,demand, lawsuit or o[her�ction
<br /> . by any governmental or regulatory agency or privace party involving the Propeny and any Ha•rardous Substance or
<br /> Environmental Law of which Borrower has actual knowledge. If Borrower learns,or is nottfied by any governmental
<br /> or regulatory authority,thnt any removal or other remediacion oi u�y Hi�udaus Suhsian�'�ffe,^.Sing Ih�PrnpPsty is
<br /> r. necessary,Bonvwer shall promptly take all necessary remedial actions in accordancE with Environmental Law. _
<br /> � As used in this paragraph 16, "Hazardous Substances" are those substances defined ns toxic or hazardous
<br /> ,� substances by Environmental Law and the following subscances: gasoline, kerosene, other flammable or toxic
<br /> petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formalclehyde, —'
<br /> � and radioactivc materials. As uscd in this paragraph 16, "Environmcntal Law" means federal laws and laws of the ��:
<br /> �
<br /> jurisdiction where the Property is locaced that relate to liealth, safety or environmental protection. 1P-
<br /> yNON-UNIFORM COVENANTS. Borrower and i.ender funher covenanc and agree as follows: '
<br /> �;: 17. Assignment of Rents.Borrower unconditionally assigns ancl cransfers to l.ender all the ren[s and revenues --
<br /> �• of the Property. Bonower authorizes Lender ar L.ender's agents to collect the rents and revenues and hereby directs
<br /> � each tenanc of thc Propeny co pay the rcncs [o Lender or L.ender's agents. However, prior[o Lcnder's notice to
<br /> • Bonower of Borrower's breach of any covenant or agreement in the Security Instrument, Bonower shall collect and
<br /> reccivc all rents and revenues of the Propeny as trustec for thc benefit of Lender and Bonuwcr. This assignment of
<br /> � rents constitu[es an absolure assignment and not an assignmene for additional security only. =
<br />- If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as —
<br /> �! trustee for benefit of Lender only, to bc applicd to the sums secured by the Security Instntment; (b) Lcnder shull be �__ _
<br /> entided to collect and receive all of the rPnts of tlie Properry; and(c)each tenant of the Property shall pay all rents ___ -__
<br /> A, due and unpaid m I.ender or Lender's agent on Lender's written dcmand to ch�tenant. �_ _
<br /> •• Borrower has not exccuted any prior assignment of thc rents and has not and will not perform any act that would —
<br /> . prevent Lender from cxercising its rights undcr this paragraph 17. �
<br /> Lcnder shall not be mquircd to enter upon, take control of or maintain the Property before or after giving notice � � :�„ .`
<br /> of breach to Borrower. I�owever, L.ender or a judicially appoinced receiver may do so at any time there is a breach. '..F. .r �;
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<br /> Any application of rents shall not cure or waive any default or invalidate any other right or remedy of I.ciider. This .,�•=.•. ' �'�F.
<br /> assignment of rcnts of chc Property shall tcrmina�c when the debt securcd by thc 3ecuri�y [nstrumcnt is �id in full. - �'�•� �r,•
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