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<br /> ` • -` 13.Notices.Any natice to Borrower pmvided for in this Se�vrity rn�+}+,mP^t shall be given by delivering it or ��
<br /> `Z-` - y v� by ma�7iag it by first class mail untess agplicable law mquires use of another�thod.The notice shaD be directed to - -. • ` �
<br /> - . - the Property Address or atry other address Borrower designazes by notice to Lender.Any natice w Lender shalt be F -- ,
<br /> , �• given 6y fust class mail to Lender's address stated herein or any address Lender alesignates by nouce to Borrower. -
<br />'� ;�' >. : � Any audce pmvided for in this Security Insuument shall be d�eemed to have been ginren to Borrower or Lea�er when �
<br /> ``'E � � given as pmvided in this paragraph. . . � ,
<br /> �.-:� . . _ .
<br /> i4_,�:� � 14.Goveiniag Law;Severabflity.'Fhis Seciuity Instmment shall be goveraed by Federal!aw and the law of _ . _
<br /> , ,, - the jurisaictioa in which the Property is lacated.In the ev�t that auy provision or clause of t�is Securiry Instrameat -__-_
<br />'�?�;� : � � " or the Note cnnflicts wIth applicable law,seuh wnIIia s$aU aot affect other pmvisions of this Security Instiument or . •• '--_
<br /> the Note ahich can be givea effect withc�nt the co�licung pmvisioa To this end the provisions of this Securiry - ��.�t_
<br /> `�` ' " Instr�meat and the Notc aze declared w be severable. �,�.��.,�::;;. :�-,-r__
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<br /> .� : • . 15. Bomowei's Copy. Bomower shaU be given one conformed copy of the Note and of this Security • ,��.-:. • -
<br /> �.t_ _ ` � �ment, ' n. � -- -
<br /> ,�. .. � 16. Hazardous Snbstances. Borrower shalt not cause or perarit the presEnce,use,disposal,storage,or retease - -. . --
<br /> :�; ' of aay Hazatdous Substaaces on or in the Propercy.Bormwer shatl not do.nor allow a�rane else w do,anytbmg , . --
<br />',.,`. . affecting the Property that is in vio2ation of any Envimnmeatal Law. The preceding two sentences sha11 not apply to •�•..�i...�`'
<br /> _ ' the preseuce, nse, or storage an the Property of small quanHties of Ha7ardous Snbst�ces that ac+e generalty � . - `• _
<br /> A�, � ' � recwgnized to be apprapriate to normal residenrial uses aad to maintenance of the Pro '.�""Y
<br /> , �; PertY. ..�=:'_
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<br /> •� ::-�i Borrower shall promptly give Lender written noace of auy.investigation,claim,demand,tawsuit or other action ` �3'e:;rM
<br /> �, . . ; t+Y�Y 8overnmental or ngulatory agency or private pazty involving the Property and any Hardrdous Substance or
<br /> • � Environmental law of which Bosower has actual Irnowledge. If Borrower leams,or is noti8ed by any govemmental �'� -
<br />�;=` • . . . ..:�_�. s�-��_
<br />- _ � . . . or regulatory suthority.that any remov a]or o t her r e m e d i a t ion o f anyr H a r d i dous S u bstances a ffecting t H e P mpercy is .. `--�,"-�
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<br /> �- ' . necessary,Bormwer shall pmmptly take all necessary remedial aaions in accordance with Fuvimnmental Law. . `'�°�--
<br /> .i:'.:,. _ . . � ';'i.._"Y,:.-�:.
<br /> . • . As used in this paragraph 16, "Hazardons Substances are those substa�ices definecl as toxic or hazardous �_.
<br /> substaaces by Ea�vironmental law and the following substances: gasoline, kerosene, other flammable or toxic r'=
<br /> ,� . - --
<br /> - ��+ '%�;:��:'': . getroleum pmducts.toxic pesticides and herbicides,volatile solvents,materials cont�'�g asbestos or formaldehyde, . . -�. .
<br /> �`,.; . . • and radioactive materiats. As used ia this paragraph 16, 'Environmcntal Law" means federal laws and laws of the ��..: ='77"
<br /> , jurisdiction where the Property is locazed that relate to health,safery or environmeutal protectioa . .•�'��'
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<br /> �� NON-UNIFORM COVENANTS.Borrawer and l.ender funher covenant aud agree as follows: ���•=
<br /> •��;•:•.•-,=•.-- : . '-;.,• 17.Assignmeat of Reuts.Barrower unconditim�ally assigos and uangfess to Leader ali the rents and tevesiues . ..':'���W,;
<br /> . � r of the Property. Borrower authorizes Lender or Lender's agents[o collect the rents aad revenues aad hereby directs � , .,:"�*r-
<br /> . . � � eacb tenant of the Property to pay the rents to Lender or Lender's agenu. However. prior to Lender's notice to ' ; . � '�-
<br /> • • � . . � � Boaower of Borrower's breach of any wveaant or agreement in the Securiry Insuument,Barrower shall coltect and � •� '.���`•`�''-
<br /> �. '( receive all rents and revenues of the Property a4 tivstee for[he benefit of Lender aad Borrower.This assignment of : •, � i i
<br /> f rents constitutes az►absalate assignment and not aa assignment for additional security oNy. ;-�
<br /> , ' ' � ;..� If Lender gives notice of breach to Borrower:(a)all rents received by Borrower.shall be held by Borrower as -• '- __-
<br /> � �: � � [rustee for beaefit of Lender only,to be applied to the sums secured hy the Security tnstrument;(b)Lender shall be - `' �
<br /> .,�, .._ . : :� eaatled to collecx and reoeive all of the rents of the Property: and(c)each tenant of the Pcoperty sha11 pay all rents . ... _
<br /> 1 due aad unpaid to Lender or l.ender's agent on Lender's written demand to the tenant.
<br /> , � :'j Borrower has not executed any prior assigament of the renu and has not and will not perf�rm any+act that would - '� : ' —� ,.
<br /> � � prevent Lender from eaercising iu righu uader dus paragraph 1?.
<br /> •� Leader shaU aot be required to emer upon.take control of or maintain the Property before or after pving notice � . ;,,°�;.•:. .
<br /> �- � � of breach to Borrower. However,I.eader or a judicially appointed receive:may do so at aay time there is a breach. � -
<br /> � My application of rents shall not cure or waive any default or invalidate any other rlght or remedy of Lender.This �
<br /> . � assignment of reats of the Property shall terminate when the debt secured by the Security Instnunent is paid in full. �
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