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<br /> . •. •�- • ' 13. Noticea�. Aay notioe co Borro`:ver provided for in[his Sec�uIty Instrument shalt ne g[ven bf delivering it ar by ma�iag i � �
<br /> '`�� . it by fust ctass mail uNes�appiirable law cequires use of anather method 1he uotice stall be d�rested to the Property Adstress ; �� .
<br /> ar asryr other addtess Borrower desi�sus by nosice to Lcnder.Any notioe to I.eader s�all be given by fust c�s ma�w
<br /> ` � Leaster's s�ddress stated herein or a�adQcess L�ead�r desi�nases by natIoe w Borrower.A�r nouoe pravided far ia this Sacuriry . .
<br /> � - - t shall be deemed to have been ' n to B arrower or L e a d e r w h e n given as p ro v i d e d in t h i�para g c a pli. � ,.
<br /> . E Iasuvmen B� ' .
<br /> � 14. Govea�tn� IIaw; Serera6Wty. This Security IaSUUmen1 shall be govetnPd by federal law au� the 1aw of che ,, `.`
<br /> ` � jwisdiction in which the Properry u lorated. In the event Wat airy pmvL4ian or ctause of this Se�auIry Iastrumeat or the Note � � , ; .
<br /> � ' �� oontt3cts with agplicable law,snch oonfl�ct�hall nat affect other pmvL�ions of this Security Instrums n t o r t h e N o t e w h i c h c a a t � :, `i:. .
<br /> _ •� tae given e�'ect wIthout Wc wnfliatng pravision. To this end the provisions of[hiq Securlry Iasuument aad the Note ore � , .
<br /> � decia�ed to be se��erable. �...• � `
<br /> . • 1S. Bo��e�a Copy. Borrower shalt be gven one conformed oopy of the Notc and of this Secuiity insuument. G . . .
<br /> :;; ...-«. 16 Ha�dnus Sabsiances. Bormwer sball not cause or permit ti�e presence.use.disPa5a1.stamB�or rel�se of any � , � .
<br /> �t � � � , Ha7aNnus Substauoes oa or ia the Propercy. Borrower shall not do,nor allaw a�rone else to do.arrything affeain8 the � - , _
<br /> -- - . - , Froperty tha[is in viotation of azry Envaoamental Law. Tbe psea�ling two senteaces shail aQt apPly m the presenoe, use, . -`-,. --- ..
<br /> - or starage oa We Pr+operty af small quantities of Ha�dous Substaares tlmt aze generdIIy reoogaaed w be appmpdate to � , . �
<br /> `� , nosmsl residentiel uses and to main�nr.>.of the ProPEnY• �.
<br />•s°� • - Borrower shall PmmPUY gve Lender writcen noricx of any investig�tioa.claim.demand.lawsuii or other action by a�► ° ' . . _
<br /> �i gavemmeatal or reguTatory agenoy or private party iavolviag the Propeny aad mry Hardrdous Substance or Envimnm�nml . �-` -
<br /> :i .. ' �' Iaw of which Boaaover has actual kn,owledge. If Borrower leams.or ts nntt�d b➢an9 govemmental ar reguiatory authoriry, - �
<br /> f:= that azry removal or other�emediatioa of suSr Ha7ardous Substanaes affe�xing tbe Property is ne�sarY, Borrawer s1�aII . , � � . .
<br /> � � Pi'p�PUS+�e all nccessary remedial aaioas In acaordance with F.nvfronmental Iaw �._�,:=::-:;:
<br /> i�� As uged in this pazagraph 16,Ria�ardous Substances"are thosc substances defined as t�ic or ha�rdnus substancesby .-°:.
<br /> - . � Emraonmental Law and the foII�+ing suluraares: g,asoline.kerosene,oilier tlammab2e or tasic petroleum pmducts.taaie ° °.�. .
<br />°�}� ', ` pestiad�s and herbiddes,valai�e solvents,materials contaioing asbestos or WrmaIdehyde,and zadtoacxive materFaLs. AS used ` � $. -
<br /> 'i; , f in t6is PaTaBraFh 16,"Em�imnmcntal I8a✓'means federal laws aad laws of the jutisduxian where the Ptoperty is lacated tBaat ' �' .:�:'
<br /> t�. ' � relate to heatth.safety or envlmnmenral protectIon ` ' .;:,�'
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<br />-i s . ' �� NON-1JNIFORM COVENAN'I5. Barrawer aad Leader funher aovenant and agree as follows: ., •..�—
<br /> -�'; � 17. As��t oi Beuts Bormwer w�cnnditIoaa13y assigag and uansfeis to LEadcr ail the rents aad reveuues of the . .. .-��'�"
<br /> �� ,�r Property. Borrower suthnrbes I�ender or Lender's ageats w ooUect the reats and tevemies aad hereby directs each tenazit __ "•��
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<br /> ., � of the PtoP�Y�PaY the renu to I.ender or Lender's agents. Rawever,pttnr to Lendes's aatiee to�anower of Barcewet's -�-�,��-
<br /> >` �' � bmach of crnenan[or a ment in the Secur[ Iasuument.Boaower sI�ll caUect and receive all rents and tevenues r°_:
<br /> �Y B� tY :.:.�'::°.`;?,��:
<br /> °� : of the Pmperty as tnutee for the beneHt of Lender and Borrawet. 'II�s assignment of renis ooastitutes an absolute • . .. :�,. "��'
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<br /> " . ��IIQICIIL 3IId IIoI aI12sSSgQtI3eIIt fOf Sddit�II'd15ECUtIty Ouly.
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<br /> ` • If I.eader gtves notice of breach to Bormwer:(a)all rents received by Bormwer s6a11 be hetd by Bomower as uustee for �F<
<br /> `��s ' bene6t of L�endet only,to be appUed to the sums secured by the Security Insuumea�(b)Leader shall be eatitled to coUect m . . 4''-�,�=
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<br /> .':} and receive all of the rears of the Propeny;and(c)esch tenant of the Property shall pay all renu due and wnpaid w Lender � i�;��;�.
<br /> .f. . ar Irender's agent on I.eader's urtiuea demand to the tenant n '':;�i�� : ���.='_=—=
<br /> '' - Bormwer haq not e�cec�'J any psIor asqigoment of the rents and has not aad w�l ant perform aay act that woutd psevent � ;��a;,,..,. �_;'�-f:
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<br /> �''� � � Lender fmm ex,erctsing its ri�ss uader this paragraph 17. �' , �.::;: . . ``�`
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<br /> : Lendcr shall aot be required to enter upoA takc oonuol of or maintain the Property befora ar after gtvIng notiee of O .:;;:r f. ..
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<br /> :�� , breach to$orrower. How�ver,Lender or a judiciaIIY apPninted reoeiver may do so at a�r tim�there i�a breach. •Anp � . -- .. :;::.:,._.
<br /> � appli�anon of rents shall not cure or waive airy defautt or mvvalidate a�r other right or sesnedy of I.Ender. Thig a�si�ment � • � �i'c'�:_
<br /> � .; of rents of the Property s1naD termhiate when the deUt secured by the Securiry Ias�ent is gaid ia t�ll. � ,: *-'�-�
<br /> • 18. Forec[osm+e Pmcedm�. ff Lender reguires immediate payment In full uader paragaph 9,LeAder may invoke the , . �. j°:''
<br /> power of sale and azry other remedIes permitted by appHcable laa. I�eader shall be entItled to collect all expeases incurred � : '� �.'..
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<br /> � In pussuing We remedies provIded ia this paragraph 1$including,but aot limited w,reasonable attomeys'fees and oosts of � � '` !"L:
<br /> 7 t�t1E CV1dEIICC. � . . ' ; :�
<br /> . If the power of saIe is iavoked,Tn�stee shall recard a notioe of default in each munty In which aiay part of the Properry ;,. ; �`-__•
<br /> � is tocated and shall mal cc�ies of such notioe in thc esanner pressnbed by applicable Iaw to Bormwer and to the othes � . '•,r'".._ : :'' •;,.:jT-
<br /> persoas prescnbed iry appficable 1aw. After the time required by applisable law,'d'rustee.ahall give public notioe of saIe to
<br /> � � thc persons and in the manner prescn'bed by appHcable law. Trustee.wlthout demand an Borrower,shall seA the Praperty .. .'..;;`':..
<br /> " �` at public auctian to the highest bidd�r at the time and p]ace and under the tesms desigaated in the nofloe of sate in one or • •. :���''
<br /> �:: . .
<br /> s; � - � more parcels and in vry order Tcustee determines. Tr�s.ee may postpone satc of all or aay parcel aP the Property by publIc � •
<br /> �.�� j announcement at the time and plaoe of tury previously scheduled sa1e. Lender or its desl�ee may pwchase the Proparty at " ,�� .�
<br /> . f a�r sale.
<br /> " i U on recei t of a ent of the rlce bid,Trustee shall delIver to the urchascr Trustee's deed oo the Pro e `"
<br /> P P P!+� P P �'�S P ttY-
<br /> , The recitals in�'IYustee's deed shall be prima facIe evldence of the uuih of the statements made theretn. Trustee sllall ' '. �. .• .
<br /> � $PP�'�e prooeeds of We sale 1n the following order.(a)to all costs and expe�ses of exercistng the power of sate,and the sate, . .
<br /> ' st � including the payment of the Trustee's iees act�ally inaared.not to exoeed %of the prindpal � • '
<br /> �..�� �� • amount of the note at the tlme of thee declaraflon of default,and masonable attomeys'fee,s as pem�itted by law.(b)to all sums ,
<br /> ' secured tsy this Security ln9trument;and(c)amr excesg to the person or petsons legally eniltled to i� . '�
<br /> : ; � If the Lender's interest 1n thls Secutlty Insuument is held hy the Secretery and the Secretary requlres imutedlate payment . .
<br /> in full under paragaph 9,the Secretary may imoYe the aonJudlcial power of sate provided in ihe Sinste FamUy Mortgage
<br /> ' Foreclosure Act of 1994("Act")p2 U.S.C.3751 et se�. by requesting a foreclosure oommis�ioner deslgnated under the Aet .
<br /> ,��' � to oommence forecIosure and to sell the Property as provided in the Act Nothlag in the preceding seatence shall deprive ' .
<br /> jthe Secretary of atsy flghts othetwlse ava�able to a Lcnder under tiils paragraph 1S or appllcable Iaw.
<br /> - � 19. Reconveyance. Upon paymcnt of all sums secured by thls SecurIty Instrumen�. Lender shall request Trustee to �
<br /> recomey the Properry aad shall surreader thLs Security Iastrument aad all notes evideacing debt secured by th)s Security
<br /> , . ' • lnstroment to Trustee. Trustee ahall reaonvey the Propeny without warranry aad wlthout charge to We person or peraons �
<br /> � �
<br /> • . legally endUed to it. Such person or pe�sons shall pay any reootdation wsts. � . •
<br /> � 20. Snbstitnte Trustee. L.endes,at its option,may from time to time remove Trustee and appolnt a successar trustee �
<br /> � . � to a�+Trustee appointed hereunder by an inscrument recorded in the wunry in whlch thls Securiry ingtrument Ls recorded.
<br /> Without corneyanoe of the Properry,the sucoessor trustee shall sucoeed to all the title.power and duHes conferred upon the
<br /> '_ ' Trustee herein and by appllpb2e Iaw. . '
<br /> � 21. Reqnest[or Notices. Borrawer requests that copies of the noUces of default and sale be sent to Bortower's address �
<br /> . � , which is the Properry addres�. ,
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