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<br /> � ' la. Natices. Any noticc to Borrowcr p:ovided far in this Security instrumeni shall bc givcn by dclivcring it ar �r
<br /> . � by mailing it by first class mail unless applicable:law rcquires usc uf nnothcr methad. Thc noticc shaU bc directed to W
<br /> thc Praper[y Address ar any othcr address Borrowcr dcsignatcs by noticc to l.cndcr. Any ixuicc to l.cndcr shall bc —_
<br /> �� given by first clnss mail to I.ender's uddress staced hcrein ar any nddress Lendcr de;signaccs by notice to Borrower.
<br /> � Any notice provided for in ihis Security Instrument shaU be dccmcd ta have bccn givcn ta Borrowcr nr Le�nder whcn
<br /> • '� � givcn as provided in this paragraph. �
<br /> �� l4. Governtn� Lnw; Severnbtlity. This Security (nstniment shall be govr.rned hy Federll law :u�d the law af
<br /> �c.• che_jurisdiction in which the Property is located. In the event thu[any provisian or clause of this Security ]nstrument
<br /> ,. or the Note canflicts with applicable law,such conflict shall not affect other provisions of this Security instrument or
<br /> - tlie Note which can be given effect �vithout [he conflic[ing provision. To �his end che provisions of this Security
<br /> ' '`• Instruinen�and the Note are dcclazed to be severable.
<br /> ,� I5. Borrower's Copy. Borcower shall be given one canformed copy ot' [he Note and of this Securi[y �
<br /> '� Instrument. °'
<br /> '�' 16. Hazardous Subgtunc�s. Borrower shall not cause or permit the presence, use, disposnl,storage,or release �
<br /> af any Hazardous Subsu►nces on or in the Property. Borrower shall no[ do, nor allow unyone clse to do, anything
<br /> affecting the Property that is in vivlation af any Environmentul Law. The preceding two sentences shaq not apply ta
<br />- the presence, use, or storage on the Property of sm111 quantities of Hazardous Subs�ances that are generally
<br /> rccogniud to bc appropriate to normal residential uses and to maintcnance of the Property. �
<br /> Borro�ver shall promptly give Lender written notice of any investigatiou,claim, demand, lawsuit or other action
<br /> by :my governmentul or regulatory agency or private party involving the Property and any Hazar�ous Substance or
<br /> Gnvironmcntal Law of which Borrower 1»s actuttl knowledge. If Borrower leams,or is notified by any governmsntal
<br /> or regulatory authority, that any rcmoval ar other remediation of any Hazardous Substanccs affecting the Property is
<br /> ' necessary,Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law.
<br /> As used in this parngraph l6, "Hazardous Substances” are those substancss defined as toxic or huzardous
<br /> substances by Environmental Law and the following substances: gpsoline, kerosene, other flammuble or toxic
<br /> petroleum products, toxic pesticides and hcrbicides,volatile solvents, materials containing asbestos or formaldehyde,
<br /> ., and radianctive materials. As used in this parngraph 16, "Environmental Law" mcvis fedcra] laas and laws of thc:
<br /> , jurisdiction where the Property is located that rclate to hcalth,safery or environmcntal protcciion.
<br /> � NON-UNIFORM COVENANTS. Barrowcr and L.cndcr furthcr covenant and agrcc as foll�as:
<br /> , . . l7. Assi�nment oP Rents.Bonower unconditionally assfgns and transfers to I.ender all the rents and revcnues
<br /> � of the l�roperty. Borrower authorizes Lender or Lender's ttgents to collect thc rents and revenues and hereby direc[s
<br />��:. cach tenant of thc Propeny to pay the rents to Lendcr or I.ender's agents. Howev�r, prior to L.endcr's notice to
<br />' Borrower of Bonowcr's brcach of any covenant or agreement in the Sccurity Instrument. Bonower shall collect and
<br /> receive all rents nnd revcnues of thc Propeny as trustee for the benefit of L,ender and Borrower. This assignment of
<br /> rents constitutes an absolute assignment and not an azsignment for additional sccurity only.
<br /> T If Lender gives notice of breach to Bon�ower:(a)aU rents recelved by Bonowar s1�aU be held by Borrower as
<br /> � _ --- - trustce for bencfit of L.cndcr only, to bc applied to the sums sccured by thc Securiry Instrument; (b) L.cnder shall be
<br />„ entitled ro collect and receive: all ot'che rents of the Propeny; and(c) each tenant of che Propeny shall pay all rents
<br /> Y"''"�'`'� - �-k , due and unpaid to I.ender or Lendcr's agent on C,ender's writtcn dcmand to the tenan[.
<br />_�� �� ��' Borrower hn.e not executed any prior:usignmenc of the rents and lias not and will not perform any act[hat would
<br />-- � • ' prevent Len�er from exercising its rights under this paraIIr�ph 17.
<br /> + •� � Lcnder shall not be rcquircd to entcr upon, take control of or maintain the Ptoperty beforc or after giving notice
<br /> of brcach to Borrower. Howevcr, Lender or a judicially appointed receivcr may do so at any time thcre is a breach.
<br /> �� ' Any applicutian of rcnts shall not cure or waive any defuult or invalidate any other right or rcmedy of Lender,This
<br /> " assignment of rcnts of the Property shall tcrminate when the debt secured by thc Sccucity Instrument is paid in full.
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