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<br /> . :c • cOnflicts witn 8pP11c8bie faw,Such ConfGCt sABp rtot BtteCt other Provis[ons cf this Sea�ritY Instrument or the N[ote which can ha [. .`�_ .� ,. •
<br /> , � given eHect w�h0u1 the conf4cting Prw�sion. To lhis end the provistons of this SacuritY Instrument and the Note ere dectazed to ' '�r V
<br /> . ` , be Sever8blo. � � ° .' ._'
<br /> " . . ` is. BOffOW£f�s Capy.Botrower sha0 be gNen one�ontortned copy af the IVote and of this SeCU�ty tnsuument e , Y y `
<br /> I
<br /> `� : 16. H838�d0!!8 SubSt811C�e. 9crrower shaU nol cause ot pertnit tne presence, use, dLSposel, storage, or retease of� , �°;�F�: ;� •
<br /> , ar►y Hazardous Substances an or in the Property. Barrower shaA not do, nor at�Ow anyone else to do, anytha�g af6ectm8 tt►s�+ � ��, -.
<br /> Property that is fi violation at any Envtronmental Law.The precedtng two sentR►►ces Shall not aDPN to the P�� use. or p ,.
<br /> _ storage on tt,e Propecty of smaU quent3�s af H�sardous Slibstances that ere SeneralN��d to be eppropriate m normal . .
<br /> ' � : resldsnUal uses end to maa�tenance ot t�e Property. � �n b anY� �• �'.
<br /> ,..�r?; tto�, �taim, demsnd. tawsu@ or oth Y
<br /> � . . Bortawer SAaU promPtN fl� Lender wrdten nottee of enY tnvsstisa .-- �:. . _ �
<br /> . -, - - - gov�aeenta!or regutatory agency ar privato P�Y tnvoNtng the PropertY end any Mamrdous S'vDstsnee or Enviranmer►tal Law of _='�.-:._ .
<br /> , "— ;, .", vemmenffiI ar regu�tory autt►ordY.thst arty ,
<br /> whtch 8orcower has actuai know�dge. H Borrower leams, or is notf�ed by any Bo
<br /> � removal or other remedtatton of any Herardaus Slibstences eHecHnB the PrapertY is neaessarY. Bortawer 8ha9 prompty taice a11 ` t � .
<br /> necessary remedial acNans in axordance wHh Env(onmental Law. ` . . �
<br /> 0
<br /> .. , As used in this pera�aDh �6."Hazsrdous SubstBnces'ere tho59 Substenc•es defined es toxiC or ha=ardous suDstenCes by _ '_° - -
<br /> . Environmental Law and Ne fotlowtng subsfans�s: gasoime. kerosens, othsr flammehte or toxtc petroleum products, toxfc : .r- .
<br /> ;, pestictdes and herbiCides.votet�7e SoNents, matertals Conisining as b e s t os o r t o r m a t�e h y d e. a n d r a d i o a c t h r e m a t e r i a l s.�►s used in 1.
<br /> • , ` �he paragraph t6. 'Env�onmenffiI Law'means fadetal laws and taws of the jurisdfction where the ProAertl►�s toCated that teteta _•`h��
<br /> � � to heatth,sefery or enviranmenp!protection- � �" -
<br /> . .•_�'..�
<br /> � NON-UNIFORM COVENANTS.Bortower ercd Lender further covenant and agree as foliows: -. .. . :'
<br /> . .. . 1 7.A s signment ot Renta eoaower uncona�onauy asst�ns aod trens�ers co i-e"cer su c�e"�s e�'d re�'e+"�s ot cne �����_-
<br /> Praperty.Boaower authorims Lender or lender's agents to coitect the rents end revenues and hereby d'uects each t�a1t at the
<br />_ � Property to pay the rents to Lender or Lenders agents. Howeve,p�o►to Lender's notke to Bortower of Bocmwers breaeh cf , '°,�;�"
<br /> - � s any covenan!or a�eement in the SecuritS► Instrument Borrower sha0 cotlect and receive aU rents and rsvenues of the ProPeRY . . , ;'`'d=,
<br />"_ . . . . - as trustes for the bensfrt of Lender and Borrower. This assignment of rents const�tes an ebso5de esst�ment an� eot an _Y-::r:':. _:,-—"
<br /> � - - -- � �•�_.
<br /> -� � • assi�nment tor adddional securRy onty. <. �.��
<br /> `r' ' If Lender gives notice of breach to Borrower. (a)al! rents received by 8ortar+er shall be heid by Borcower as�ustee for . , • �._.
<br /> . • ,�..�;',. ._
<br /> ' � ' benafit of Lender onry,to be appiied to the sums secured by the Security Insuument;(b)Lender shatl be ent�Tfed to collect end � ' ,. �µ 3_�-
<br />- . receive aU ot tAa rents of the PropeRy: and(c�each tenant of the PropertY sha0 pay atl rents due and unpatd to Lender or j - .
<br /> N.
<br /> � Lenders agent on Lenders wr(tten damand to the tenan� • __
<br />- � �. Borrowar has not executed any prior assignment of the rents and has not and vn'B n�!¢+arturtn en9 act that Woufd prevent
<br /> ' Lender irom exercising iis rights under this Pera9raPn��• -
<br /> � • Lender sha0 not be requtred to enter uDOn,take control of or matntafi the ProOertY before ot atter gtving notice of breacA to , __
<br /> Borrower. However,Lender ar a judictarty s,�IIa��ed rer.eiver may do so at any tlme there is a�reacb•MY ePD�on of rents ` ,_ �
<br /> shall not cure or waive any detauR or invaGdate any other dgfit or remedy of Lender.This essigr►ment ot[ents of the ProDerty ...!j.=�—
<br /> shaU tertntnate when the 6ebt secured by the Securdy Ins4ument is paid tn tu0. •� "
<br /> � ent in tull unde� �re��Ah 9+ �`,
<br /> • 18. ForectosUre Procedure. If Lender regut�ee �rnmediate paym � � ; _
<br /> `. .},}�Y... F�..
<br /> - � � - Lender may invoka the power ot sate and any otheT remedies permitted by applieable law. .��- � �,�<
<br /> Lender shall be entltted to collect all expenses incurred in pursuing the remediee provided in _ :" :„r.=
<br /> � �� this Paragraph 18, tncluding, but not Umited to, reasonable atlorrteys' tees and costs of title ''' ;�-.*�M._
<br />. � � evidence. � ;''`--
<br /> �; . .. If the power ot sate is iavoked, Trustee shail record e noUce o! detault tn each cou�ty in y:"'
<br />- • whtch a�y pazt of the Properi� Is locsted and shall rt�a11 coptes of suctf �oUce in the�je r� '� �-;
<br /> . . prescribed by appQcabte taw � eorrower and to the other persans prescribed by app . . � -,:
<br /> � After the time requlred by appiicebla taw. Trustee shall 9ive pubtic no�ice of safe to the persona _��.:�
<br /> � • and in 4he manner prescribed by apptical�l� taw.Trustee,without demana on Borrower, shalt setl . . . '_
<br /> � � t h e P ro p e r t y at public auctlon to tfte highest btdder at the time and pisce and under tha terms . �,:`;r�:_
<br /> � � � . designated in th� notfce of sate in one or more parcets and in any order Trustee de term in e s. . ,
<br /> � ' ,. . . Trustee may postpone sale ot ail or any parcel 04 the Property by pubiia annouacement at the
<br /> _ �, - Ume and plaee of any prev�ousiy scheduled sale. Lender or its desigaee may purchase the
<br /> � Proper4y at any sate. _ '�. _ :•
<br /> � Upon receipt of payment oi the pNce bid, T�ustee sha0 deUver to the purehaser Trustee's :�,,;';
<br /> � � deed conveying the Property. The recitals io the Trustee's deed shatl be prima lacie evideace oi
<br /> ' the Vuth o! the statements rc�a�e therein. Trustee ahat! appty the proeeeds of the sale in the
<br /> �,..; foltowlrtg order. (a) W all c�.�b and expenses ot exercising the pawer ot sale. and the sale�, ,�...�_
<br /> inctuding the payment o!the T�ustee's f�e�actuAtly incurred, not to exceed 3
<br /> � . of the principal �mount oi the note at tne tiene ot the deciaretion of defautt, end «sonable , � .
<br /> attorneys' tees as permitted by law; (b)t� ail sum�secured by tMs Securlty Instrumertt; and (c) �� :;;:
<br /> � any excess to tha person or persons fegetty entiUed to tL
<br /> If the Leader's interest In thia Security Instrument ta hetd by the Secretary and the Secretary
<br /> ' � �equires immedi�te payment in tull uede� Paragraph 9� the Secretary may invoke the nonjudicial .
<br /> power of sate provided in the Singte Family Mortgage Forectosure Act of 1994 ("AcY') (12 U.S.C.
<br /> � 3751 � se�c.) by requesting a 4oreclosure commissioner designated under the Act to commence �
<br /> � forectosure and to setl the P�operty as provided in the Ac� Nothing in the preceding sentence � ;
<br />` �'• � shall depNve the Secretery ot eny Nghte otherwise avalteble to a Lender under thla Paregraph 18 , � �
<br /> :. � . or appilcable law. � � , .
<br /> ' 19. Reconveyance. Upon payment ot all sums secured by this Security Instrument, Lender shatl request Trustee to i •
<br /> � reconvey the PropeRy end shail surtender this Security tnstrument and eii noted evidencing debt secured by thls Securiry � _ .
<br /> Instrument to 7rustee. Trustee shall reconvBy th9 PropeRy wrth�ut wartenry end without oharge to tne person or persons legtily i
<br /> � ��� ; entitted to it.SuCh person or pe�sans Shail pay anY recardation costs. , �
<br /> ... f
<br /> .. Pip�0 01 S ' �
<br /> , ; PSB�7lM6(tl98) i � -
<br /> ,.t. 1 � • . . � ' �
<br /> 650 �
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