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<br /> • confGets wdh appGCeDte law,such conf,ict shall not aflec!otAer provlstons of this Securityr Instrument or the Note whtch can Ee ``o�
<br /> F , _ , given ettect wahout ttie conflicting provision.To this end tAe pmvisions af tRis Securtty Inswment end the Nate are dec�ared to � � •� • • `
<br /> ` • be sevetebi9. ! ` t �
<br /> • 15. �ot�otNe['S Copy. Borrower shali be given one contortned capy of the Nata and of this Securdy tnstrumant �� � • •- �
<br /> , 16. H878fd0US SUbBl�11Ce8. Bormwer shall not cause or perm3 tha presence, use,disposel. stora9e, or re�tse ot ���`;�� . � � �
<br /> • � � . any kazerdous Substanees on or rt� tAe Properry- Borrowar shaU not do.nor auow anyone et5e to do. anythin9 8ftectm9 the [ �
<br /> _ . ` ` Proparty that is in viotaUon ot any Env'uanmenfal Law. The pret:erCng two sentences shau nat appy to the P�ce, use. ur F ' : t'
<br /> • � • , • storage an t�e Property of smaU quar►tates of Hazar�ous Substances that ere generauy �ecogncad to bs appropriata to nortnal .
<br /> _� _'; residential uses end to meintenence of the Property_ . • • .-...
<br /> - � , - -= - Bortower she3 PromPnY 9n�e Lender rrr�lten notice ot any invest�atlon. ctaUrt. demanst. Ia+risu� or othsr action by eny .,-. .�—'�,._y.-,.
<br /> . . govemmenfai or ceguiatory agency or privaie PgM���8�e�D�Y�d�Y Hazardous Substance or Envlronrr,enlal Law oi .�, `
<br /> � • whch Bortower has actusi ImowleQge. If Homow� leams,or is not�d by any gwemmenta!or regu(atory authordy. that enY _ti. :
<br /> ' . remwal or other remedtation ot any Hazardous Slibstanees affecifig the Property is nec�ssary.Borrower shall promptty take e0 __. .. _ :Y:`�,'
<br /> , necessary remedial acttons in accordance w3h EnvffonmenffiI Law. - . �, . . ,
<br /> . As used in th�s paragrapA 16.'Harardous SLbstences'are thos9 substenc� deflned as tox[c or hazardous substances by '�
<br /> . ' ` • Environmentat Law and the foltowfig substartces: gaso�e, kerosert� other ftammable or toxic petroieum products, toxlc � . �...
<br /> •: � ' pesticides and herbicfdes.volat'�e soNents.mater�La conteining asbestos or tartnatdehyde.and radioactive materials.I►s used in ' .
<br /> "` .�. the paragraph t6, 'EnvQOnmentat Law' means tederal laws and Iaws of the jurisd'rction where the Froperty is tocated that retato ^ ,, �`;:�, .�
<br /> - ' , ro heaftA,safety or environmental protection. . � _--
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<br /> ' • NON•UNtFORM COVENAMS.Bortower and Lender tuRher covenant and agree as follows: •
<br /> {., , �
<br />�;�� .' 17.ASSTgf1i118f1t O! R@Y1tS. 8ortower uncond'itionaDy assJgns and transters W Lender all the rents and revenues of the ,.;--
<br /> ' Property. Borrower authormes Lender or Lende�s egents to co0ect the rents and rsvenues and hereDy dtrects eaah tenent of the . :.��.
<br /> f;-. , ' Property to pay the ret►ts to Lender or Lenders agerlts. Howeuer.Drtor w Lendai's notke to Borrower of Bortowers 6reech of ;, a__
<br /> ',.` _ erty covenant at agreement tn the SecuritY►nstNmer►t,Borrawer sha8 coUect and�eceive aD rents end revenues of the PropeRy --- "'—'
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<br />.i_. , as trustee for the benefit of Lender snd Borrower. This assignment of rants ccnst�utes an absohrta ass(gnment and not en _ '
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<br /> ' ' � assignment tor add�tonal securt'ty only. � ., ..: �-
<br />' }; ' , �'' If Lender gives natice of breach to Bortower. (a)au rents raceived by BoROwer shall 6e held by Bortower as bvstes tor � ����`�=-
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<br /> ' ' benefA ot Lender ony,to be ap0lted to the sums secured by the Security Insuument(b)Lender shaU be entitted to coP�ect an0 ... _ ��i,'•��.• --_
<br /> � receive all of the rents of the I�opeRy; and (c)each tenant of the ProDertY shail pay ail rents due and unpaid to Lender or • . �`' "-�
<br /> ``' � �'• lsnders agent on Lenders written demand ro the tensnt. • ���
<br /> .:�'�?�
<br /> .?'� � �' � Borrower has not executed any Drior assignment of the rents end hes not and will aot perform eny act that woutd prevent ;-_ __
<br /> � � Lender from exenCiSing fts rights under tAts Pera�eph 17. �: '��';' �-i`� -"��:
<br /> � ' Lender shail not be requtred ro enter upon,take conuol of or mainffiin the PropeRy hefore or after giving noUce of breach to � '. _�:.:���
<br /> � ' ;,,.--
<br /> � BoROwer. However,lsnder ar a JudiciaUy appointed recehrer may do so at any t6ne there is a breaCh. My appilcaUon of rents • ' ;`:�,_
<br /> ' Shall not cura or waive any QBfauR ar Invalidate tu►y other right or remedy of Lender.This assignment of rents of tAe PropeRy = � '°•
<br /> fi? � shatl terminate when the debt secured by the Security�nstrument is patd b►tuA. I �•��
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<br /> � `. � 18. Forectosure Procedure. tf Lender requires immediate payrnen4 in fa�0 unde� Paragraph 9� . • ;_�_
<br /> Lender may invoke the power of eale and any other remediss permitted by appiicabte Iaw. � .. , �..��-
<br /> ' Lertder shail be enUtled to cottect all expenses incurred in pursuing the �emediss provIded tn . �_:;.���;='
<br /> � this Paragraph 1 S, inctuding. but not Itmited to, re�sflna9�te attorneys' teea and costs of Utie , ':;�,�.
<br /> ,_� evidence. . : �-�''
<br /> If the power oi sale is invoked, Yrustee shall record a nollce oi de�autt in each county in ; ,�.-
<br /> ' which any part of the Property is bcated and shall mail copies of such notice in the manner �.;�;��
<br /> . prescrt0ed by ap�ifcable Isw to Borrower artd to ihe other persons prescribed by appltea�te law. . _ ;�
<br /> ��"�, , After the time required by appiicable I�w, Trustee sha99 give public noUce of sale to ti�e persona . . , ,. __
<br /> . �.• . �.J and in the manner prescribed by applicable taw. ?rustee, without demartd on Barrower,shall seil � .. ...
<br /> ; � . � the Property et pubUc suctton t,o the highest bldder at the time an6 place and under t he terms , , � -
<br /> . , designated in the �otice of sale in one or more parcels and in any order Trustee determi�ea
<br /> ���' � Trostee inay postpone sale ot eA or eny parcel of the Property by publlc announcement at the
<br /> .,:. � Ume and ptace of eay prevlously scheduled sale. L.ender or its designee may purehase the . � � �
<br /> �. 1 Property at any sale. � • ; . .
<br /> �.',�� � � Upon recelpt o! payment of the price bid, Trustee shall del8ver to the purchaser Trustee'e : '�i�. ,.' �• � �
<br /> deed conveying the �operty. The recitals in the Trustee's deed s4�ai1 be p�ima tacie evidence of
<br /> �• � � the truth of the sfatements made therein. Trust¢e shall appty t4�e proceeds of the sale in the . .
<br /> : �.::,, � . . # foltowing order: (a) to atl costs and expensea ot exerc3sing the power o} sale, and the sale� -
<br />, " � including the payment ot the Trustee's teea actualty Incurred, not to exceed 3 °�
<br /> �- . � ot the prinalpal amount ot the note at the time ot the declaraUon of defauit, and reasonabte :
<br /> , j attorneys' feea ao permttted by taw; (b) t�o ail sums secured by thla Security InsVument; and (c) � �
<br /> � � a�y excess to the person or persona Iegatly enUtled tg it
<br /> � � tf the Lender'e intereat in tMa SecuNty inatrument is he10 by the Secretary and the Secretary � � �
<br /> requirea Immedtate payment in tull under Paragraph 9,the Secretary may invoke the nonjudiclal .
<br /> �� power of sate provlded in the Singte Famity Mortgage Forectosure Act of 1994 ('Act'� (12 U.S.C. . �
<br /> �: �. . 3751 e�ses.) by requesting a toreelosure commissiotter designated under 4he Aet to commence �
<br /> � � + tareciosure and to sell the Prope►ty as provlded ln the Act Nothing in the preceding sentence
<br /> �; shall deprive the Secretary of any rlghts otherwise available to a Lende� under this Paragreph 18
<br />• •• i or applicabie law. '
<br /> • 1 19. Reconveyance. Upon payment ol all sums seCUred by this Security instrument, LenQer sh8i1 request Truste9 t0 :.
<br />_ i reconvey the Property end she�l surrender this Security Insirument and all noted OvltlenCing debt secured by this Security _ .
<br /> � �nsfi,ment to Trustee. Trustee shall reconvey the Property without wartanry and withoui charge to ihe person or persons IegaM '
<br /> ' . entitied to rt.Such per5on or personS Shall pey a�y reCO�datlon Costs.
<br /> F6s�]iMO�+,9e1 Pago 0 0�s ' - .
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