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<br /> .`--.�-= !3.Noifces.Any notice to Borrower pmvided for in this Sec,vriry Instrumeut shail be given by delivering it or ° _- -
<br /> . by maling it by fust class mail unless applicahle law requires use of another method.The notice shall be directed to : .
<br /> � �s. the property Address or any other address Borrower designazes by notice to LEnder. Any notice to Ixnder shall be � �';: v'. '�;,�i"�`.
<br /> `, ` � givea by 6rst class ma�to Leader's address stated 1�erein or anY add�s��d���by notice[o Bormwer. . �. `- ` ' .
<br /> Instrumeni s6all be deeated w have been given to Borrower or Lender ahen �s. `�t. .
<br /> Any notice grovided foz in this Seciuity , ._ ..
<br /> :°�.: ;.
<br /> . . ' given as pmvided in this paragraPh- . ',,
<br /> � 14.Goveraing I.aw; Seveiability. This Security Instrameni shall be govemed by Fedenl law and the law of _�!rt,:,
<br /> � �� �„� ' theiurisdic,tion in wIuch the Propercy is locxted.Ia the event that any pmvision or claase of tbis Security Insnument , .' = :
<br /> � or t h e No t e c o n fl i c t s w i t h a p plicable law.sacd�oonflia shall not affecc o�her prov�sions of ihis Security Insuument or .ti `,�� ,_
<br /> . ` - • the Note alu.ch can be given effect wtthout the canflicting provisioa. To this end the pmvisions o f t h i s Seaui ry . , LL°_-�
<br /> ` Insuvment and the Aiote are declared w be severable. � ` � �u
<br /> . • 15. gorrower's Cogy. Borrower shall be pven one confoimed copy of the Note and of this Seauity � .,
<br /> ��
<br /> ' . � � Instmment• ••''�'
<br /> . . ` . 16. Haardoas Substances. Borrower shail not cause ar permit the presence,use,disposal.su�rage,or release '.;;,.::,;'.,..;:<,.:�,-�
<br /> _ . r��s..,.:.....
<br /> .. of�►y Ha7zrdous Substances on or ia tlie Property.Bonower shall uot do, nor allow airyone else to do,anytiung , , '`,,. .: --
<br /> . -�- affert�ng the Propert5►that is in viotatiaa of aay Environmensal Law. The preccdiag two senteaces shall not agply to .:;.;°. . ;� _
<br /> es of Hazardous Substances ti�at are generaUY , , �~ -
<br /> the presencs. nse, or stoiage on the Property of small qaauriti � "�S •. <
<br /> . , • . e s u ri a t e t o n o r m a l r e s identIal uses and w maiat►.'nanse of the ProPertY• ; ,.,�'��
<br /> . . ,. � recognized to b aPP P ,.',. �.
<br /> Bornnwer shall pmmptly give Lender written notice of siry invesa g a don,c l a i m,d e m a a d,l a w s u i t o r o t h e r a c d o n ��
<br /> a or rivate urvolving the PropenY and any Hazardous Substance or , ...� �;:�-:
<br /> - , t+Y�Y Sovemmeatal or regulatarY geacY P P�Y � ovemmental � � . , •:
<br /> e
<br /> g,nvimnmental Law of which&►rrower hac actual knowtetlge. If Borrawer learas,os is notlfied by aaY g
<br /> - � ' _ � or regutatorY authority,ttiat anY removal or other remediadon of aay Hazardous Substaaces affecting the Property i� , „<. �'�� ��.�
<br /> � � � necessary.Bo�w����o�ay caxe�u��+�m���ao�m a�ora������m���W. , . ,'•..:::��-
<br /> . As used in ihis pazagraph iG. 'Hazardous Substances' are those substances defined as wxic or ha7ardons ' .+��
<br /> � substaaces by Environmental Law and the following substances: gasoline, kerosene, other flammabte or toxic . - 4,; '
<br /> � ' ' �; petmleum products.toxic pescic�des and herbicides.volatilc solvents, materials containing asbcstos or formaldehyde. ' _
<br /> • aad radioactive materials. As used ln this paragraph 16. 'Enviraamental Law' means federal laws and laws of the • . -'f:�
<br /> { .' � � ; jurisdictioa ahere the PropertS►is located that relate to health.safety or environmental protectlon. . .r�
<br /> � NON-UMFORM COVEAIANTS.�orrower and i.ender tuttlier coveaani aa d agcee a s f o l lows: , •
<br /> � ' 17.Assignmeat of Rents.Boaower unconditioaalty assigas aad tcansfe�s to l.euder all the rents and cevenues . _�; �,��"�
<br /> � � of the Property.Borrower authorizes I.ender or Leader's agents to collect the rents aad revemies and hereby direqs . .; �: �.-.
<br /> each cenaut of the Property to pay the rents to Leader or Lender's agents. However, prior ro l.ender's notice to ;��,�,
<br /> - -- - Borrower of Borrowes's breach af any covenant or agreement in the Security Instmment,Borrower sha11 collcct and _ ._ .,,�__
<br /> " � � receive aU rents and tevenues of the Property as m�stee for the benefi of Lender and Borrower.Tdls assignment of �' __
<br /> '" r e n t s r o n s t i t ut e s an absolute assi g n m e nt�and not an assignment for addiaonal security on1Y• " ,�t.
<br /> n .
<br /> � � � If Lender gives notice of breach to Borcower.(a)al}rents received by Borrower s h a 1 1 be he l d by B o r r o w e r a s � ;,_.t;��:
<br /> � trustee for benefit of ixuder only,to be applied to the sums secured by the Securlty Insttument; (b)Lender shall be . . ,_ _ -
<br /> + � entitled to collect aad receive all of the rents of the Properry:and(c)each tenaat of the Property shall pay all rents . ,
<br />° � ' dae and unpaid to Lender or Lender's agent on Lender's wrltten demand to the tenant. , , - .
<br /> , � Borrower has not executed airy prior assignment of the rents aad bas not and aiU aot perfonn any act that wautd ; :�
<br /> � � '' prevent Lender from exerc�sing its rights uader this paragraph 17. . :'.�
<br /> � ` Lender shall no1 be required to enter upon,take control of or maintain the Property before or after giving notice .
<br /> � � ' of brczcL to Borrower.However. Lender or a judici�lly appointed receiver u�ay do so at any time t here is a breach. �
<br /> • ". Any apptication of rents shall not cure or waive any default or invaltdate any other right or remedy of Lender.'Ihis :•
<br /> assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. . .
<br /> ' . • . RfNE1�9soai.ot oeso s a e wumr.��/� . , . ..
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