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<br /> . � . . ~� 13.Not[ces.Any Aotice to Borrower provided for in this Security Instru�nt shall be given by deHvering it or `
<br /> . . " �� by mailing it by fust class mail unlesc applicabte faw requires use of another methad.The aotice shall be directed to . .�: •. , �
<br /> • .� the pmperty Address or any other addtess Borrower designates by norice w Lender. Atry notice to l.ender shall be _.. . . ___ � ,_
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<br /> ' given by first class mail to Lender's address stated herein or any address Lender desigaates by norice to Bormwer. ' �
<br /> � . Any notice pnovided for ia this Securiry Iasuanaent shall be deemsd to have beea given to Bormwer or Ixnder when - _
<br /> . given as pravided in this paragraph. -�-
<br /> . 14.Governiag Law:Seveia63lIty.This Securiry Insuument shaU be govecned by Federal law and the iaw of :' _ ``_�.
<br /> ' the jurisdiction in which the Pmperty is located.In the event that a�r provision or clause of this Security lnstrt�ment .;.. �,`:; �`�_�.:-�.-
<br /> „. � or tLe Note conflicts with applicable law,sur�conflict shall not affect other pmvisions of this Securiry Insttument or ' _
<br /> � � the Note which can be given effea without the conflicting pmvision. To this ead the provisions of this Security ,
<br /> • Insuument and the Note are declared to be severabie. _ . . � _
<br /> . ' , � • 1S. Borrower's Copy. Borrower shall be given one wnformed copy of the Note and of this Securiry • , . . —_._-
<br /> _ Insaumen� =T—
<br /> �; 16. Haaardou9 5ubstauoes. Borrower shall not cause or permit the ptesencc,use,disposal,storage,or rclease ,_ ,. " .�.;
<br /> _ of any Ha7ardous Substances on or in the Yroperty. Borrower sl�aaU not do. aor allow anyone else to do, anything ' ,£,_
<br /> .. ,� ,�. affecting the Property that is in violation of any F.nvimnmental Law. The preceding two sentences sball not apply to , . �'�';�`v�
<br /> .- ��. : ;k
<br /> the piesence, use, or storage on the Property of small quandties of Hazardoas Substances that are generally .�,;--��
<br />- •� � • iecognized to be appmpriate to normal residenua)uses and to maintenance of the Property. ' ��
<br /> � • .' Bonower shall promptly give lxnder written notice of any invesagation, claim,demaud.lawsuit or other aqion - " � ������k
<br /> • b ovemmental or re ato a en or rivate uivolvin ihe Pro and aa Hazar�dous Substance or • . ��' '�r'��
<br /> , Y�Y S S� rY S �Y P P�Y� 8 P�Y Y :. ry�z�?�,�
<br /> � Environmental Law of wluch Borrower has actual lmowtedge. If Borrower learns,or is notified bY�Y Sovcmmental � . > `,;;�� :
<br /> ... • or regulatory authority,t�ac any removal or other remediatioa of any Hazardons Sabs[ances affeaing the R'operty is ':., '.�. . - ;�-�:_,
<br /> , • necessary,Horrower shall promptiy take all nec;essary remedial acdons ia accordance with Environmental Law. ., •�.��:.
<br /> , • • '. As used in chis pazagrapb 16, "Hazardous Substances" are chose substaaces defined as toxic or hazardous '�,�..�,�_;,
<br /> . - svbstances by Environmental Law and the following substances: gasoline, keroscne, other flawmable or toaic ' . • .�.�._�=`.-
<br /> petroleam pr+oducts,toaic pesticides and herbicides,volatile solvents,materials coataining asbestos or formaldehyde, •.- = ''-�,�'.-�'.-
<br /> . _ .. , aad radioaaive materials. As used ta this paragraph 16, °Environmental Law'means federal laws and laws of the :.•,��;f':, ��' �
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<br /> jurisdiction where the Property is located that relate to healtb,safery or environmental protection. �• -r�. -
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<br /> , NON-UNIFORM COVENANTS.Botrower and I.euder further covenaat and agme as follows: ' � "�'
<br /> �i;,..:
<br /> ° , I7.Assig�went of Rents.Borrower uaconditionaliy assigns and transfers to Lender all the renu and revenues . ` '`��
<br /> of the Property. Barrower authorizes Lender or Lender's ageats to collect the rents and revenues and hereby directs - �_.-=-
<br /> � � ' eacb tenant af the Property to pay the renu to Lender or Lender's agents. However,prior ro Leuder's noace to ' . �
<br /> � � • Borrower of Borrower's bmach of any covenant or agreemeat in the Secvriry lnstrument,Borrower shall collect and �
<br /> �- � receive all rents and revenues of the Property as tnutee for ttie benefit of Lender and Bomawer.This assignment of ��,�`
<br /> ' renu cons[imtes an absolute assignment and not an assignmenc for additional security onty. . ' " --
<br /> If Lender givcs notice of breach[o Borrawer. (a)all rents received by Horrower shall be held by Borrower as
<br /> � ; trusteE for benefit of l.cnder only.to be applied to the sums secured by the Security Inswment;(b)Lender shall be � � ;
<br /> :� _ �•� j entitled to collect and receive all of the rents of the Property; aad(c)each tenant of the Properry shall pay all renu : '. �i
<br /> due and unpaid to Lender or l.ender's agent on Leader's written demand to the trnant.
<br /> . � B o r r o w e r h a s n o t e a e c u t e d a n y p ri o r a s s i g n m e n t o f t h e r e n t s a n d h a s n o t a n d w i l l n o t p e r f o t m a n y a c t t h a t w o n l d • . .
<br /> � prevent Lender from eaercising its rights under this pazagraph 17. ,: . ' .. '
<br /> ;.� � Lender shall not be required to enter upon,take control of or maintain the Property before or after giving notice ' , " .
<br /> of breach to Borrower. However. Lender or a judicially appointed receiver may do so at any time there is a breaeh.
<br /> .� � My application of renu shall not cure or waive any default or invalidate any other right or remedy of Lender.This _ . ..
<br /> �� � ' assignment of rents of the Property shall terminate when the debt secnred by the Security Instrument is paid in full. •. �� '� _ '
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