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<br /> ' . �J I� ������ .� . ' ' < ,_ ..-.
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<br /> < conflicts wrt� appiicabie law. such conflict shall not aifect other prov�sions of th�s Secunry instrument or the Note wh�ch can be �` • • . .. �
<br /> gnen ettect wnhout the conflicting prons�on. To this end the proviswns of this Securiry Instrumem ana the Note are aeclared to , � - _
<br /> be severabie. ' � '.
<br /> , , _
<br /> � 15. Borvouce�'s COpy.BoROwer shall tre given one coniortned capy of the Note ar.d of this Secunly Instrumerst � . ` r'�_
<br /> 'E � . . �
<br /> v; 16. Haaardous Substances. Borrower shall not cause or pertnit the presence. �se. disposal. storaga, or relesse ot � � , '"
<br /> any Hazardous Substances on or in the Property. BoROwer shall not do. nor ailow anyone etse to do. anything atfecting the � • :
<br /> ' • Property that is in viotatlon of any Envirnnmental Law The preceding two sentences shall not apply to the presence. use. or _ _-
<br /> � ' �t
<br /> storage on the Property of small quantities of Mazardous Substances that are general(y recognized to be appropnate to normal � .
<br /> . � residential uses and to maintenance ot the Property. � ,' ' �
<br />_ �-f Borrower shall prompUy gne Lender written noUce ot any mvesUgation. Gaim. tlemand. tawsuit or otfier acUOn by any � -. ,-. ; --- - �
<br /> . :.; govemmental or regulatory agency or private Party involving the Property and any Hazardous Substance or Env�ronmental Law ot ,. ' '
<br /> � which Borrower has adual knowledge. If Borrower ieams, or is notified by any govemmental or regulatory authortty, that any �•. , � . . -_
<br /> i rannval or other remediation of any Hazardous Substances affecting the Properly is necessary. Borrower shall promptly take all � '�.
<br /> ' �c�ssary remedial actions in accordance with Environmental Law � � -1 � "
<br /> �r j '+_:�� ; fY'ith s�' r�_
<br />��,�,�.,2 :s ssed in this paragraph 16. 'Hazardous Substances' are those substances defined as towc or hazardous substances by �_ ,,.,t::.'.p�f,Q4}�,.'._�_z:«`,.,_;v
<br /> � �.�viranmental La�b ��d the foltotiving substances: gasolme. ke�rosene. oth2r flammattle ar ;a�e% *e3c!�m pro�.:cts. foxic � � , 3,a�{ , ,,_ry(�__.
<br /> �'�9 nesuciaas and her�ici�as. votatle solvents. materiais contaming asbestos or formaldehyde. and :adoa�� rnaterials :s usa�ir ,�; � °`, '
<br />:..<�,: ,
<br />���'���� She�aog�ph tfi. "Environmental Law' means federai taws a�d laws of the�urisdiction where the Property is located tfiat re�a � --
<br />_ •..:',�'c � `.:�`;�.�-
<br /> ��`4 to heaNh, safeiy or environmentai protection. [ .
<br /> 1:.
<br /> ` NON-UNIFOflM COVENAM'S. Borrower and Lender tuRher covenant and agree as follows: ,� �—
<br /> ; � �.:�, :,_
<br /> • 17. Assignmerrt of Rents. Borrower unconditionally assigns and bansters to Lender aU the rents and revenues ot the � ° � ��
<br /> Property. 8ortower authorfzes Lender or Lender's agents to collect the rents and revenues end hereby directs each tenant o1 the � t'~�
<br /> �' _
<br /> , Pmperry to pay tho rents to Lender or Lender's agents. However. pdor to Lender� noUce to Bortower ot Bortowers breach of tt � .. a• =�
<br />, � any covenant or agreement in the Securlty Instrument. 8ortuwer shall collect and recelve atl rents and rovenues of the Property r - � `�'��g`�-
<br /> '�" es Wstoe lor the benefit of Lender end Bo,�ower. This ess�gnment ot rents consututos an absoluto assiQnment an6 not an . � .. a� s-=_-.-
<br /> , asslgnment}or addltlanal sccudry onry. . - '
<br /> H Lender qNes noUce ot bre3ch to 8orrower. (al all rents receNud by Banowor shall ba hatd by Bonowor es truateo 1or ' ,,.:--�+� �
<br /> benefd of lender only, to be epplted to the sums sncured by the 3etunty Instrument: (b) lende�ehall be entitled to coltect and '" �` ��'? �
<br /> recelve all ot tne rent� ot the Property: end (c) each tenant ol the Property shall pay all rents due and unpaid to Lender or ,� .,• � '
<br /> -e• �r
<br /> Lender s agent on Lender's wrttten demand to the tenent. ' �'• � �
<br /> �•,.�
<br /> � Borrower has not executed eny prfor assignment ot the reots and has not and will not pertortn any act that would prevent -}��4nI_ ' ::�.:i ' _,
<br /> Lender from exerclsing(ts rlghts under thls Paragraph 17.
<br /> Len@er shaU not be required to enter upon,take control oi or maintain the Properry betore or after giving notice ol6reach to �`�
<br /> - . 8onov�er. However. Lender or a judicialty appointed receiver may do so at any time there is a breach. My appllcatlon ot rents �'��"�
<br /> � shall not cure or walve any defauft or Invalldate any other right or remedy of Lender.This assfgnment ot rents of the Properry � �.' �'�r .
<br /> � shall tertninate when the debt secured by the Security InsWment Is pald In tull. f �f ',
<br /> . �.'�";�.?y�: y
<br /> � 18. Foreclosure Procedure. if Lender requtres Immedia4e paym�nt in full under Paragra�lte 9, �x�,� ' f 9:
<br /> .•F Lender may invoke the �awar ot sale and any oiheP remedtes p�rmitted by eppUcabte lara. "` � "• •!•� . -
<br /> � Lender shall taa ernitled to collect a1E expenEes incurred in pursuinc� t91e reme�Eos provtded in � ���+':+.:��-���`^��,
<br /> � thls Paragraph 18, inctud3ng, but not 1lmited to, reasm�able attorneys' fees and c�sts of title . ; ,,,.;;�.r".,��.
<br />' ' ovldence. ' � ��':.�
<br /> �,�,�;.;.s�
<br /> 0? the power of salo is lnvoked, Trustee sl�all record a rtottce of ��fautt In each coucv�j en ;'�;°�'_.° -
<br /> wrilc,h any part of the Property Is located and shall mail copiea of such notice in tho ma.�:.sr �'"�=-�
<br /> prescribed by applfcable law to Borrawer and ta the othe� Q�arsons prescribed by appUcable law. '' � --
<br /> -. ) After t�he time requlred by appticable law, Trustee shatl give publlc notice of sate to the persons � -
<br /> �' an� in the manner prescribed by appltcable lae.v.Trustee, without demand on Borrower. shatl sgll � `-�"�'-�:-�_
<br /> '' S� 4h� Property at publtc auction to the hlghes4 �i��sr at the tlme and placo and under the t�aee�s :.�����•��' -
<br /> . _i d�s��nated in the notice of sate in o�e or �are parcets and in any order Trustee deterrcac�v�s. . .�,��__.• �
<br /> Trustea may postpone sale o! atl or �.�y parc�9 of the P�arty by public announcement at the "'•�==�•:����„-r�
<br /> 4`"a`�„- �Y•.+-
<br /> ' ttme and place o! any previouaty ssheduled sale. Lender or its deaignee may pLrchase the � . . - � ,�
<br /> Property at arvy sate. .:,;: > �,r,•,�
<br /> Upon recetpt of payrru�M af tho price bid, Trustee shall �eliver to the purchasor T�.asCr�e'9 � , �+f:`';'.':..•.;..,,. �
<br /> ' deed conveying the Propsrty. The recttals In the Trustae's deed shatl be prlma facie evfdenc�of ",��;�:�`."-w_'.=�� -
<br /> . the truth of the statemeMs made thereln. Trustee shall apply the proceeds of the sale in th� ''`°"'' """" _
<br /> following order. (a) to all costs a�d expensea o4 exerclsing the power of sale, and the aale. � '.,_�':'^
<br /> ; including tho paymeM of the Trustee's fees actually incurred, not to exc�ed three 9'0 ' ;'�'�-�""�'
<br /> � 4fie ptlnclpal amouM ot the note at the t8�e af the dectaration of detault. and reasonable . �� '� .. . � � _
<br /> attorneys' toes as permitted by law; (b) to all sums secured by thls Security Instrument; and (c) •• .
<br /> . any excess to tho person or person�legalty enti4led to i� • ' . -• �
<br /> M the Lender's Interest In thia Security Inst►umont Is held foy the Secretary and the Se�retary � � �
<br /> " requlres Immedia4a paryment in full under Paragraph 9, the Secretary may Invoke the nonjudlclal � " � � -
<br /> power of sale provided ln the Stngle Family Mortgage Foreclosure Ac� of 1994 ("Act") (12 U.S.C. � . �
<br /> . 3751 et se . b re uestln a foreclosure commisstaner desi na'ted under the Act to commence � • '
<br /> ._�) Y 4 9 9 4
<br /> ioreclosure ar►d to sell the Property as provfded In the Act. Nothing in the preceding sentence �• � � � —
<br /> shall deprive the Secretary of any rights otherwlse available to a Lender under this Paragraph 18 F . _ .�•
<br />• or applicabfe law. . . _
<br /> 19. Reconveyanee. Upon payment of all sums secured by th�s Securily Instrument. Lender shall request Trusiee to � . , •
<br /> reconvey the Property and shall surrender this Security Instrument a-d a� noted evidencing debt secured by this Secu�r*,� � • � � -
<br /> • • Instrument to Trustee. Trustee sha;l reconvey the Property without wa-ra�*� �nd without charge to the person or persons lega:`� ,
<br /> � en;_'ed ta it.Such person or persons shall pay any recordation cosis.
<br /> . ;,,, —
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