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<br /> , �� 13.Notices.An notice to Banowcr providcd for In this Security Instrument sh b givcn t dclivV�e��it or � j
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<br /> ,*��`�.� by mailing it by first class mail unless applicablc law requ ires use o f ano t h e r m e t h o d.T h e n o t i c e s h a l l b e d l r e c t e d t o
<br /> the Property Address or any csther address Borrower deslgnates by notice to Lender. Any notice to l.ender shall be =�
<br /> ' e given by first class mail to Lender's address stated herein or any address Lender designates Uy notice to Borrower. a
<br /> `• Any notice provided for in this Securiry Instrument shall be deemed to have been given to Bonower or Lender when _
<br /> ' givea as provideci in this paragraph.
<br /> 14.Governing Law; Severability.This Security Instrument shall be govcrned by Fedcral law and thc law of
<br /> the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument �
<br /> or Ihe Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument ar _
<br /> * � the Note which can be given effect without the conflicting provlsion. Ta this end the provisions of this Security
<br /> Instmrnent aad thc Note are declared to be severable.
<br /> 1'. Hori �wer's Copy. Borrower shall be given one conformed copy of the Note and of this Securiry �_ __.
<br /> Insirurnent. ��
<br /> � 16. Hazardous Substauces. Borrower shall not cause or permit the presence, use,disposal,storage,or release _
<br /> .� of aay Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do,anything �_
<br /> affecting the Property that is in violation af any Envtronmencal Law. The preceding two sentences shall not apply to
<br /> . � the psesence, use, or storage on t he Prope rt y o f s m a l l q u a n t i t i e s o f H a z a rdous Substances that tuc generally �_
<br /> � recognized�to be appropdate to normal residential uses and to maintenance of the Property. _
<br /> Borrower shall pron�ptly give I.ender wdtten notice af suty investigation,claim,demand,lawsuit or other action
<br /> � � by any govemmental or regulatory agency or privnte party involving thc Property and any Hs�zardous Substance or
<br /> Environmental L,aw of whlch Bonower has actual knowledge. If Borrower learns,or is natificd by any gavemmentnl
<br /> _� or resulutory authority,that any removal ar other remediation of any Hazardous Substances affecting thc Property is
<br /> ----.- - nectssary. 8orrower shaii prompiiy takc u1t r�ecessary tcmcdi�!actlons in acL^rdanr�wi�h Fnvironmental Law.
<br /> Ae uscd in this paragraph 16, "Ha•r.ardous 5ubstances" �rc thosc substunccs defincd as toxic or huzardous
<br /> substances by Bnvironmcntal Luw and the following substanccs: gasolinc, kcrosene, other flammable or toxic
<br /> � petrolcum products, toxIc pcstic3des:uid hcrbicidcs, volatile solvents, materials containing asbestos or formaldchyde,
<br /> and radfoacttve materials. As used in this paragraph 1G, "Envlronmental Lnw" means fcderal laws and lnws of the
<br /> . jurisdialon where the Property is located that relate to health,safcty or environmental protection. _
<br /> NON-UNIFO1tM COVENANTS. Borrower and Lender further covenaat and agree as follows:
<br /> 17. Assignment of Rents.Borrower unconditionally assigns and transfcrs to I.ender all the rents and revenucs
<br /> of the Property. Bonower authorizes I.ender or Lender's agents to collect the rents and revenues and hereby directs
<br /> � � each tenant of the Properry to pay the rents to Lender or L.ender's agents. However, prior to Lender's notice to
<br /> •� Boaower of Borrower's breach of any covenant or agreement in the Secudty Instrument, Bonower shall collect and
<br /> . . recclve all rents and revenues of thc Properry as trustee for the benefit of Lcnder and Bonower. This assignmcnt of
<br />"- rents constitutes an absolute assignment and not an assi�nment for additional secu�ity only.
<br /> If Lender gives notice of breach to Bonower: (a) all rents rer.eived by Bonower shall be held by Borrower as
<br /> trustee for benefit of Lender only. to be applied to the sums secured by the Securiry Instrument; (b)I.ender shall be
<br /> T � entitled to collect and receive all of the rents of the Property; and(c)each tenant of the Property shall pay all rents
<br /> due and unpaid to Lender or Lender's agent on L.cndcr's written demand to the tenant.
<br />__ , � Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would
<br /> prevent Lender from excrcisi,�b�ts eights under thts paragraph 17.
<br /> � Lcnder shall not be requir e d to enter upon,t a kc con t r o l o f or maintain the Pro pert y before or afccr giving notice
<br /> - ' � of breach to Borrower. However. Lender or a judicially appointed receiver may do so at any time there is a breach. _
<br /> Any application of rents shall not cure or waive uny default or invalidate any other right or remedy of Lender. This
<br /> ' � auisnmetu of rents of the Property shall tcrminatc when the debt secured by the Security Instrumcnt is paid in full. ¢�-,.�_y�_
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