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<br /> 13.PIottces.Any notice to Borrowsr pmvided for ia this Securiry Instmmeat sha11 be Siven by delivering it or - - - -
<br /> =�{ - -
<br /> � by mailing it by fust class mail unles4 applicable laa requites use of another method.The notice shall be directed to ,
<br /> 4
<br />` � � . � [be Property Address or any other address Borrower designates by notice to Lender. �4ny notice to Leuder shali be '>. • .
<br /> � �. given by first class mail to i.eader's address stated herein or any address lxnder designates bY notice to Botrower. •�'.;:.- ,;"
<br /> ..:- Any notice provided for in this Security Instn�ment sha11 be deemed to have been givea to Bonower or Lender whea - <.
<br />-M ` � : � given as provided ia this paragragh. :-• .���. ,�
<br /> `�` . !4.Governfing Law;Severab�tty.'fhis Secu�itY Insuument shall be govemed by Fedeial law and the law of �
<br /> the jurisdiction in wIuch the Pmperty is locazefl. In the event that azry pro�+ision or clause of this Sec�uiry Inspnunent ' . "�'�;,_
<br /> . < ' or the Note cvnflicts with appticable Iaw.snch conflict shall not affect other provisions of this Seaairy Instaument or ;::•«�--
<br />�;,' : . ,, ; the Note which can be given effect arithout the confliaing pmvision. To this end the pmvisions of this Security �� ;,�_i-�c;
<br /> tn �m t aad the Note are declared to be severable.
<br /> . � � 15. Borroww�'s Copq. Borrower sball be given one confarmed copy of the Note and of this Security � � �c>:_
<br />"� � instc�ment. �
<br />- •• 16. Ha�rdous Sulsstanccs. Borrower shall not cavse or permit the presence,use,disposal,storage,or release _
<br /> :�-.'_ ' ' _ of any Hazardous Sabstauces oa or ia the Pmpesty.Borrower s1�a11 not do,nor aliaw anyone else to do,auything _.:_ --
<br /> . affecting the Property that is in violation of a�►Environmental Law. The p�ceding two sentenc.es shall not apply to
<br /> ° 'f. � the presence. �se, or storage on the Property of smaU quantitia of Hazardous Substances that aze generally - .�..���:
<br /> • . `� . . :• iecognized to be appmpriate to normal residential uses and to maintenance of the Property. ` �`_°--.A
<br /> _ . „. ` � '
<br /> Borrower shali prompdy give Lender written aouce of any investigation,claim,demand,lawsuit or other aaron ,.,' -r;,�:
<br /> -, ' ' �` bY any govemmental or regWazory agency or private pazry iavolving the Froperty and any Hazardous Substance or �:.-;,,,y..� - ---
<br /> ' Environmental Law of w1utH Borrower has actual imowledge. If Bortower le�aras,ur is nntified bS+anY govemmental �. ___.
<br />--s • ' : or regulatory authority,that aay remova]or other remediation of au}r Hazardous Substances affeaing the Property is . - <�=-
<br /> ' . necessary,Borrower shail promptly take all necessary remedial actiong in accordance with Environmental I.aa. �� �
<br /> �� • � As used in this paragraph 16. "HaTardous Substances° are those sulutances defined as toxic or ha7ardous :�. ` --
<br /> - ' substances by Environmental Iaw and tIie folloaring sobstances: gasoline, kerosene, other tlammabte or toxic , .�:,_�.=
<br /> � • , petroleum products,toxic pesticides and herbicides,volat�le solveau,materials containing asbestos or formaldelryde, 'r. '�� �� �.-^
<br /> :. , and radioactive materials. As used in this paragrapb !6, 'Environmental Law" means federal laws and laws of the �,� s�:�_
<br /> ,' jurisdiction wher$ths Property is located tbat relate w health,safety or environmental protecxion. ; . ;. :�s::.,
<br /> . • :-. '" '� ', ,`,;?�,�'.
<br /> NON-UMFORM COVENANTS.Boaower and Lender further covenant and agree as follows: _ , t___
<br /> 17.�stgmnent oY Retrts.Borrower uncand9aonaUy assigns and trantfers to Lender all We rents aud reveuues • •
<br /> '. , •�+ of the Properry.Borrower suthorizes Lender or I,ender's agents to collece the rents and revenues and hereby directs , `,��'
<br /> ., ' ; each tenant of the Property to pay the rents to Len der or L en der's agen�s. Howe v e r, p r I o r t o l.e n d e r's n o t i c e t o . ':
<br /> ;;�•� " .. ' Borrower of Borrower's breach of aay covenant or agreement in the Securiry lnsuument,Bonower shall coltea and :_:'�-
<br /> � receive a11 rents and revenues of the Property as tnutec for the benefit of Lender and Borrower.T h i s ass ignment o f � �.:�
<br /> ' • ' ; rents constitutes an absolutc assignment and not an assignment far additional sea�rity only. • . . -_
<br /> • � • �:• � if Lender gives nodce of breach to Borrower:{a)all renu received by Borrower shaU be held by Boaower as , u
<br /> . �� �:� wstee for benefit of Lender oNy,[o be applied to the sums setured by[he Security Instrumen4:p�)1.ender shall be .: ;��t.`:�
<br /> enritled ro collecc and receive all of the rents of the Property;and(c)each tenaut of[he Property shall pay a11 rents
<br /> � due and unpaid to Lender or Lender's agent on Lender's written demand to the tenaat. ••
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<br /> , Borrower has not eaecuted any prior assignment of the renu and has not and will not perform any act that woWd • ,. ._.�:°•
<br /> . : , prevent Lender from exercising its rights undec this pazagrapb 17. ,
<br /> l.ender shall not be required to enter upon.take wnuol of or maiatain the Propetry before or after giving notice
<br /> ' � of breach to Bonower.However.Lender or a judicialiy appointed receiver 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 right or remedy of Lenres.This
<br /> , assignment of renu of the Property shall terminate when the debt secured by the Security Insuument is paid in full. .
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