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<br /> b - - �..:�;.-F�:`� 13.Nattces.l�►ny noace to Borrower grovided for in chis Security�sscr�^t shall be given by delivering it or �,. ,•_'
<br /> .:" s ' • by ma�iag it by fust class mail unIess agpticabie taw requires use of another metha�The aodce shaIl be di�ected to -3'--
<br /> , �,-f. - T�`� the Pr+operty Address or any other address Borrower designates by noti�e to I.ender. An}+notioe w Ixnder shall be
<br /> � � .` ` given by fust class mail to I.eader's address stated herein or any uidcess Lender designates by notice to Bosower. � �• - � ,--�� . ''�
<br /> • Any norice provided for in this Security Instrument shaU be deemed to have beexi given to Borrower or Lender whea �`�;:�,�.
<br /> -- - . - given as grov'sd�in this paragraph. `
<br /> ' • 14.tnoverning I.aw:Severabilitp-This Secur►ry 1ns�ent s�aU be govemed try Federal law and ihe law of
<br /> r ;. � '� the jurisdictian ia wluc3i the Praperty is located.In the event that a�+provision or clause of this Security Instrument
<br /> ' ` �..� or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Securiry Instrument or -
<br /> '� • . the Note whicd�can bs given effect wahout the conAicting pmvision. To this end the provisions of this Seauity , '.. ' _
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<br /> ` � Instr�meni and the Note are declared to be severable. . _ _
<br /> - �t�� � ` 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Secuiity .-
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<br /> - � 16. Haardoas 3nbstanceg. Borrower shalt no[cause or permit the presence,nse,disposai,storage,or release ,'c;,L. :� � - -.__
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<br /> . ; s�� of av�►Hazardoas Substances on or ca the Pmperty.Borrower shall not do.nor allow anyone else to do,anything : ?�, ' . _.r-,;_:
<br /> x. .. ,.:�`i�� affecting the Properry that is in vioIation of a�r F�vimmnental Law. The grecediag two sentences shall not apply to =_—
<br /> • ;���- the presens�e. us8, or storage oa the Properry of small quantities of Hazaz�dous Substances t6at ate generaily --��: .. .��;Y;:�:
<br /> recognized to be appropriate to normal residenrial uses and to mamtenance of the Property. ` ' ;: , � .
<br /> 1 . gnrrQwer shaU promptty give l.ender wtitten notice of any invesdgation,claim,demand,lawsuit or other acrioa � � �-�.
<br /> � . h Y�+Y 8ovemmental or mgWatory agency or Private party invotving the Property and arry Ha7ardous Snbstance or r�, � .•_ -
<br /> � �� E a v i r o n m e a t a l L a w o f w l a c h B o n awer has acxual knowl e d ge. If Borrower leams,or is noti8ed hy�y gwemmeatal ,. - �
<br /> . � + . or regulatory authoriry,thaz any removal oz other r�mediation of any Hazardons Substaaces affecting tite Property is .�'�;''•; �'��'
<br /> . necessary�Borrower shall promptly take all neces.sary remedial actions ia accordance with Envimnmental iaw. :.f = -
<br /> .t ` ,• � qs used in this paragaph 16, "Hazardous Substances° are those substances defined as toaic or hazazdous . ,.�,
<br /> . � . ,�" substances by Environmental Law and the foltowing substances: gasaline, kerosene, other flammable or wuc �; `. _., ,�i:�a
<br /> , , ' . . peaoleum pmduas,touc pesricides and herbicides,volatile solvents,materials containing asbestos or formaldehyde, . . � - ��
<br /> ' . and radioaatve materials. As used in this paragraph 16. 'Environmental Law° means federa]laws and laws of the f=G::��
<br /> ° � jurisdicdon where the Proper[y is located that relate to health.safety or enviroamecual pmtectioa ' � .`�.a
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<br /> --- �-�- , NON-UNIFORM COVENANTS.Borrower and Lender further coveaam and agree as foltows: . - _
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<br /> � • 17.Assigament of Rents.Borrower unconditionally assigns and transfers to Leader a11 the rents and nvenues . � : :;F�_
<br /> ' � . of the Pcoperty. Boaower authorizes Lcnder or Lender's agents to collect the reuts and revenues aud heceiry d ireas . ==""
<br /> . each tenant of the Propercy to pay the renu to Lxnder or L,cnder's agenu. However. prior to Lender's norice to • ,�,�n,?
<br /> •����. ' � . Borrowet of Bonnwer's breach of any covenant or agreement in the Securiry Iastrument. Borrower shall coltect and ` .---.
<br /> ; • � � receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower.This assignment of • __
<br /> renu coastitutes an absolute assignment and not an assignment for additional securiry only. � . ��_
<br /> .,; � „ If Lender gives noticc of breacb to Borrower:(a)a11 rents received by Borrower shall be held by Borrower as _.. .�::
<br /> • trustee Por benefit of Lender only. to be appl�ed to the sums secured by the Securlty Inswmenr,(b)Lender shall be ,
<br /> . .:t entided to collect and reccive all of the renu of the Property;and(c)each tenaat of the Property shall pay a11 rents _
<br /> _ � , + d�e aad unpaid to Lender or Lender's agent on Lender's written demand to the tenant. � . • �
<br /> . , � Borrower has not executed any prior assignment of the renu and has nat and will not perform any act that would . ,,
<br /> � °�� prevent Lender from exercising its rights under this paragraph 17. � '
<br /> � � . �• Lender shall not be required to enter upon.t a ke contro l o f or maintain t he P r o p e rt y be fore or a R e r g i v i n g n o t i c e . :
<br /> •� of breach co Bonower. However. Lender or a judicialty appointcd receiver may do so at any time there is a breacb. � :
<br /> :, � Any application of rents sha11 not cure or waive any defaWt or invalidate any other right or remedy of Lender.This • • ..
<br /> � . asslgnment of rents of the Property shall terminate when the debt secured by che Security Insuument is paid in fu11. •
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