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<br /> confl�cts wfth apP��Bh�onfliCtinh co�nVlslonhTO thlseondtthehprov�sions of hls 8 uelyrinstru ent6ond the Nole a ehd claedbo
<br /> gNen eHeat withou4 I e 9 P t
<br /> be severable.
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<br /> 1b. Borrower's Copy. Borrower Shall be gNen onq conlOrrtied copy of the Nate 8nd ot this Sacurity Instrument. .
<br /> � ' 16. Hezardoue Subatencca. Borrower shull not cu„e i nop do.Itnorealplow eanyone e�se`y o�do, anyth ng arHecthg the � I -"�-`
<br /> i
<br /> ! sny Ha2tlydous Substences on or In the Property. Botrower s • �
<br /> I �"'-
<br /> I Property that Is �n vlolatlon of any Environmentai LAw. The preceding two sontences shall not apply to the presence, use. _`�Y��
<br /> � storage on the Property o� small qusntit�es of Hazardous Substances that are genernlly recognlzed to be apPropriate to normal �
<br /> ►..� =,,�?�
<br /> residentlal uses end lo maNtenance of the Property r ���°�
<br /> Borrower shall promptiy gNe Lender wriqen notice of any Investl�ation, claim, demand, lawsult or other actbn by anY (,� .,,j_v_
<br /> govemmentu� or regulatory agency or private party �nvolving tho Property and flny He�ardous SubstanCe or Envronmental Lflw of� �.�_��
<br /> � whfch Bortower has actual knowiedge. If Borrower learns, or Is notillHd by any governmental or regulatory authorily, thel a�Y(� '
<br /> remaval or other remediation of any Hazardous Substances 8ffecting the Property is necessary, Borcower shell promptly leke ell
<br /> necassary remedial actions In aCCOrdance witN Ernlronmental Law.
<br /> AS used in this paragraph 16, "HBZerdou5 SubstanCes" are those sub6tanCeS defined as tOx� ar hazardaus subst8nces by
<br /> Environmental Law and the Ioliowing substances: gasaline, kerosene, other flammable or toxlc petroleum products, tox�
<br /> pest�cides and herbfcides,voletile soNents, materials contafning asbes!os or tormaldehyde,and radloactNe materials.As used in _
<br /> the peragraph 16, "Environmental Law" means federei iaws and I�ws of the jurisd�t�on where the Property is located thet reiate -
<br /> to hea�th,safety or environm8nt8i protectbn. . '��-
<br /> '�-
<br /> NON•UNIFORM COVENANTS,Bortower and Lender turther Covenant and agree as folbws:
<br /> , 17. Assignment of Renta. Borrower unconditbnally asspns and trflnsfers to Lender ail the rents and rovonuss of the ��•�+^
<br /> Property. Borrower autharizes Lender or Lenders agents to co�ect the rents and revenues and hereby directs each lenant of the s�
<br /> Property to pay the rents to Lender or Lender's agonts. H�wever, prlor to Lender's notlCe to Bortower of Borrowers breach of ,y,,�,..
<br /> F any covenant or agreement � the Security Instrument, 8orrower sheu collect and recelve ali rents and revenues of the Property _�.'�.
<br /> as trustee for the benefit of Lender and Borcower. Yhis asslgnment of rents consUtutes an absolute asslgnment and not an :,„�ri'
<br /> � assignment for eddilbnal Security only. , • _
<br /> If Lender gives not�e of breaCh to Borrower: (a) all rents receNed by Borrower shall be held by Bortower as trustee for ;
<br /> benefit of Lender only, to be applled to the sums secured by the Securiry Instrument; (b) Lender shall be entitled to coliect and •�,� . .
<br /> receive all of the rents of the Property; and (c) each tenant of the Property shaA pay all rents due and unpald to Lender or .�_�; i�
<br /> Lenders agent on Lender's written demand to the tenant. �"`'Y 1 �r
<br /> Borrower has not exeCUted any prior assignment of the rents and has not and wiil not perform any act that would prevent :..�'�: ;�µT_
<br /> . 3'k!4 'Ft_�`=
<br /> Lender hom exercishg its rights under this Paragreph 17.
<br /> Lender shait not be requUed to enter upon, take control of or maintain the Property betqre or after gNing not�e of Weach to i��_
<br /> 8orrower. However,Lender or a Judbially appolnted receiver may do so st any time there is a breach.Any applkation of rents 1�`}�,
<br /> shall not cure or walve any default or Invalidnte any other right or ramedy of Lender. This assignment of rents ot the Property , `;�_
<br /> shall termirtate when the debt secured by the Security Instrument Is paid In tuil. f ����
<br /> r.�t
<br /> �. 18. Foreclosure Procedure. If Lender requires immediate paymeni in full under Pii abieP aw. �
<br /> Lender mey Invoke the power of sele end any other remedies permitted by app
<br /> . Lender shell be entitled t n co1butt nolt Iimitedet(nressonable ettorneysh fees and coats�of title �._— �---
<br /> this Peragraph 18, includ g,
<br /> evidence. ��`��
<br /> If the power of sele is invoked� Trustee ahall record a notice of deteult in each county 1n �,-__---�
<br /> .� which any part of the Property ta tocated end shall mail coples of such notice �n '�c�b�e �ew. �:
<br /> prescrlbed by applicable taw !o Borrower and to the other persons prescNbod by epp _-_ _
<br /> j After the tlme required by applicable lew, Trustee shall g(ve pubtic not ice o t s s l e t o t he persons . ____
<br /> ' and in the menner prescrtbed by applicable law. Truatee, without demand on Borrower, shell sell -__ �
<br /> ;� the Property at public auctfon to the highest bidder et the time and place and under the terms :,��'^�r_
<br /> designeted in the notice of sele In one or more parcels and in eny order Trustee determines. ���.�,�.,;;:g.,
<br /> � Trustee may postpone sale of all or any parcel of the Property by public announcement at the •�^.
<br /> time and place of any previous{y acheduted sale. Lender or its designee may purchase the :.� �±.�.
<br /> Property at any sale. „ ': ,--...
<br /> Upon receipt of payment of the price bid, Trustee shail detiver to the purchaser 7rustee's �.� �:T,., �.,
<br /> deed conveying the Property. The recitals in the Trustee's deed shali be prima fecie evidence oi ;�,.°,�� ��,. � ,�:. .
<br /> the truth of the statements made therein. 7rustee shall apply the proceeds of the sale in the
<br /> toilowing order: (a) to att costs and expenses of exercising the power ot sale, and the sal�o , . ,
<br />- including the payment ot the Trustee's fees actually incurred, not to exceed three ••
<br /> of the principal amount of the note at the time of the deciaration oi default, and reesanable ,
<br /> ettorneys' fees as permitted by law; (b) to all sums secured by thi� Security Instrument; and (c)
<br /> any excess to the person or persons Iegaily entitled to it.
<br /> If the Lender's interest in this 5ecurity Instrument is hetd by the Secretar okethe nonjudicial
<br />- requires tmmediate payment in fuil under Paragraph 9, the Secretary may yp U.S.C.
<br /> power of sele provided in the Singie Family Mortgage Foreclosure Act of 1994 ("AcY') (
<br /> 3761 et seg.) by requesting a foreclosure commissioner designated under the Act to commence
<br /> foreclosure and to selt the Property as provided in the Act. Nothing in the preceding sentence
<br /> . .. . . . .�_ ..____.__. _. _.... .�..w.e ..�Mnrw�co ovAIIAMIP tn a �end�r under this Paragraph 18
<br /> snan aepnve u�c �c��cau�y ... a��r ..a..... ,..........__ _._.._--- - - - .,_ _. ._ ...
<br /> j or applicable law. � _ . .
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<br /> 19. Reconveyance. Upon payment of all sums secured by this SeCUrity Inslrument, Lender shall request Trustee to i
<br />� reconvey the Property and shall surronder this Security Instrument and all noted evidencing debl seCUred by lhis Security
<br /> Instrument to Trustee. Trustee shall reconvey the Property without warrenty end without charge to the person or persons logally I
<br /> enid!ed to d. Such person or persons shail pay any recordauon costs.
<br />- 1•.. •�:"t:1�•,�••1 F`d�e a��I 5
<br /> Ol;A7 '
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