|
�.. .'..`74'i.b"tSI�P�T ... . . ..�.
<br /> _r:(.;Ayl( . . ....a. •
<br /> �".{.:�r - .... . .. .. . "_ _ • .�
<br /> :y,t��,• :sh'� > . . . . � .,. - .. - ,�,i,�.,,
<br /> '�;�p �� t� ' .,.r�.�- �1
<br /> , ' th. �f AA1 �: . ;�.. . ' . . ' , � . .i..� M1I.!
<br /> . � ���)'�'. • ,I1',� .. ' i , �X��F� .
<br /> � .. � .. " .. . .� t� .�1�� �
<br /> � ... . „ . . ' � � ' .iiRi����.�.r'-� .
<br /> . � � . '�\: . . . . .
<br /> � 98—ic,��3O �,, - �
<br /> ;.,,.
<br /> � �� 13.Notices. Any natice to Bortower provided for in this Securlry Instrument shall be givcn by dclivcring it ar �"��wl
<br /> by mailing ic by first class mail unless applicable law requires use of anather methad.The notice shall be directed to ���'•-�==—
<br /> thc Property Address or any other address Bottower designates by noticc to L,endcr. Any noticc to l.ender shall be ;s,
<br /> � given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borruwer. ._
<br /> Any notice provided for in this Securicy ]nstrument shall be deemed to have becn given to Bottower or Lcnder whcn ='--•
<br /> given as provided in this paragraph. _,.__
<br /> 14. Governing Law; Severability.This Securiry Instrument shall bc governed by Fedcral law und the law of '.;��,•
<br /> the jurisdiction in wliich the Property is laated. In the event that any ptovision or clause of this Security Instcument
<br /> - or the Note conflicts with applicable law,wch conflict shall not affect other provisions of this Securlry [nstrument or ��:�._
<br /> the IJote which can be given effect without the conflictin�provision. To this end the pravistons of this Security
<br /> Instrument and the Note aze declared to be severable.
<br /> ' IS. Bo�•rower's Copy. Bonowcr shalt be given one conformed copy of the Note and of this Security
<br /> Instrument.
<br /> ' 16. Hazardous Substances. Borrower shall not cause or permit[he presence,use,disposal,storage,or release - _.
<br /> .�j of any Hazardous Substances on or in the Property. Bonower shall not do, nor allow anyonc else to do, anything
<br /> affecting the Property that is in violatian of any Environmental Law. The preceding two sentences shall nat apply to _
<br /> � the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally
<br /> recognized to be appropdate to norm�l residential uses and to maintenance of the Prcperty. �
<br /> Borrower shall promptly give Lenderwritten notice of any investigatton,clalm,demand,lawsuit or other action ;
<br /> . �, by any govemmental or regulatory agency ar private pany involving the Property and any Hnzardous Substance or �.=-'
<br /> � Environmental Law of which Borrower has actual knowledge. If Bonower learns,or is notified by any govecnmental -
<br /> ' or regulatory authority,that any removal or othcr remediation of any Hazardous Substances affecting the Property is
<br /> - { nr,�cs�ary.Borro^:cr�hall prompsl�ta.ke�I!n�cessaz;tpmedIal actlon�!n 2r��r�iance with F.nvironmental Law. �`�
<br /> As used in this paragraph 16, "Nazardous Substanccs" are those substances defined as toxic or hazardous �- _
<br /> substances by Environmental Law and �he following substances: gasol{ne, kerosene, oth�r flammablc or toxic r'"�
<br /> '• petroleum products, toxic pesticides and herFiicides, volatile solvents, materials containing usbestos or formaldelhyde, � _
<br /> t, :u�d radioactive materiuls. As used in this paragraph l6, "Environmental Law" means federal laws and laws of the �.
<br /> jurisdiction where the Property is located i6at relate to health,safety or environment:►1 protection.
<br /> IF'
<br /> NON-UNIPORM COVENANTS. Borrower and L.ender further covenant and agrec as follows:
<br /> 17. Assignment oP Rents. Borrowerunconditionally assigns and transfers to Lcudcr all the rents and revenues �`--
<br /> •• of the Property. Bonower authorizes Lender or I.ender's agents to collect the rents and revenues:md hereby directs °
<br /> each tenant of the Propeny to pay the rcnts to Lendcr or Lender's agents. However. prior to Lendcr's notice to �'-
<br /> Bonower of Bonower's breach of any covenant or agreement in the Secudty Instrument,Borrower shall collect and �-
<br /> reccive all rents and revenues of the Property as trustee for the benefit of Lendcr and Bonower. This asslgnment of
<br /> rents constitutes an absolute assignment and not an assignment for additional security only.
<br /> If Lendcr gives notice of breach to Borrower: (a)all rents received by Bonower shall be hcld by Bottower as _ _
<br /> trustee for benefit of I.ender only. to be�pplied to the sums secured by che Security Instrumcnt; (b) i.ender sh�ll be
<br /> entitled to collect and recetve all of the rents of the Pmperty; and(c)each tenant of the Propeny shall pay all rents •-
<br /> duc and unpaid to Len�ier or Lender's agent on l.endcr's written demand to thc tenant. `�` __
<br /> � Borrower has not executed any priorassignmenc oi ine rents and has not a�id will uot perfomi any act that would = ___-_
<br /> prcvent Lender from exercising tts rights under this paragraph 17.
<br /> Lender shall not be required to enterupon,take control of or maintain the Propeny before or after giving notice
<br /> � of breach to Borcower. However, Lender or a judicially appointed recciver may do so at any time there is a bteach. :�
<br /> Any application of rcnts shall not cure orwaive any default or invalidate any other right or remedy of L.�ndrr. This '�� , ,,,�,�'•
<br /> ` assignmcnt of rcnts of the Propeny shal l tcrminate whcn the debt secured by the Security[nstrument is paid in full. �:,,;;�.f .�; '
<br /> �•� T�' ..
<br /> •:�';i.:r
<br /> '..;�•;;. .
<br /> •;
<br /> i �o4R(f�lE)��soai oi �� Papa G ot B ���na�,. I
<br /> I
<br /> ; � �
<br /> . ,
<br /> � r� � L ._
<br /> . . �� ' � . �
<br />
|