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<br /> ` � � h ntlict shall npi attect Ot�er proviSi0�5 of this SeCUrity Instrument or[he Note whiCh can!� `.,, ' `.�``-
<br /> . . c o n t U C t s w i t h a p P l i C 8 b l 8 �a w,s u e C O ' - '
<br /> . . , � gnren efiect wnhout the canflicting provtsion.To th�s end tne provtsions ot this Secur3y InsWment an d t he N o t e a r e d e c t a r e d t o � � ,_ �;=
<br /> ` . be SevBraDte. ` ,,
<br /> ` � � � 15. Bottowe�'s Copy.Boaower shaU be 9�one contormed copY of the Note and of ihis Sesur�yr Instrument � � <• `�`'��`�: � � ; �,.
<br /> �
<br /> , << 16. HeEeTdOUB SI1b8t8DC@e. eortQwer shaU rtot eausa or petm@ ihe presence.use.dtsposal. awrasa or�ecease ot � � ` , ,
<br /> ' • any Ha�ardaus Substences on or in Me Property- Borrower sAaD not do, nor eucw enYone e158 to do.anythin9 aNecUnB�e , ';
<br /> ' . ' Property that ts tn vtolaNcn o!eny Fmtmnmenml Law. The prsceEtng two sentences shaQ rtot apAty w the presence, use. oi-� � , , ` • . .
<br /> ' storage an the PropeRy of smau quantitias of Ha�rdous SubstanCes that are 9Bnera�N �o9^Q�to be apPraP�te to nartnal� ; , �� '.
<br /> ` residenttal uses and to maintenance of the Property. ` '�� � �r .
<br /> �' .
<br /> • ' ' Bortower she11 prompty glve le�der +v+�tten notice of any investigation, c�aim. demand, tawsuit or other acUon by any� , - ,
<br /> ---- :-- govemmentai or reguffitory agencY or prl+�ate OeRY �voMing the Property 8nd eey Harerdous Substa�ce or Environmental LBw o� - .--= _
<br /> whicB Borrower hes ectual knowtedge. lf Bortower Oaams, or is notiRed by eny govemment8l or regutatory aut�oriLy.that eny �����
<br /> � removal er other �emediation of enY Waserdous Substances affectin8 the PropeRY is necessery'.Borrower shaU PromPUY take a� `' . ' . . �
<br /> necesserp remeQial acttons tn accordarrce with Environmenml Law. t, ` ,;" .
<br /> As used in this para9+aph 16.'Ha�ardous Substences'are those substances deftned as toxic or ha�rdous substances by .::.,/, , .
<br /> EnvTmnmental Law and the founwfig substences: gasoL�nO. kerosene. other fismmebla or to�dc petroteum products, tmd� , •t� . - -
<br /> �. r. pestteides and hefiiCiQes.wiaffis sokents.mateBels contefitng asb�stos or fom�aldenyde.and radtoacWe materlals.AS used 6n j .
<br /> ;•}}, ,.
<br /> . ' the Dara9raPfi 18.'Environmental Law'means(ederal taws and laws at the jurLsdiction where the Property is Wcated that►atate . �(-� _.,__
<br /> ' to heatth,satety or environmental protet�lon. ! `' '" ' '
<br /> . . _ -,,;�._�:_^-�^.;
<br /> H08WNIFOHM COVENAMS.Borrower 8nd Lender lurther Covensnt Snd e�es as toliows: . . . � :�'""_ -
<br /> .�..N:.���.
<br /> � , 17. Assignment o9 Rents.8orrower uncond�ionaRyl assigns and transfers to Lender atl Me rents and revenues of the � �_��;_L�
<br /> � Property. 8ortower authoraes Lender or Lendets ag�nts to collect the rents end revenuss and hereby direects eaeA tenant of the = , �y_
<br /> Propeny to pay the rents to Lender or Lertders agents. However, p�ior to Lender's rtotice to Borrower ot Borrowers breach of •� ;. � r. .-_-_�--
<br /> any covenant or agreement a�the Security �nstruument, Borrower ShaD coltect aad recelve aU rents and revenues ot the Propertyt '`;,,�,�'
<br /> 5 ��• -
<br /> .. � .. as uustee for the benefd ot Lender end Bcrroyrer. This assignment ol rents consd'tutes an absohrta essi�ment end not en ---''``.,��.'� _
<br /> �`•. assignment for add�ortal securily onry. •- "�—
<br /> If Lender gives notice af breaeh to Borrower. (a)all renta recetved by 8orrov�er shalt 6e heid by Borrawer as trustee tor ; �:-:__= :
<br /> . ..,. � _ ,::.�.���,
<br /> ' benefit ot Lender ony. to 6e appQed to the sums secure0 by the SeCUfity tnsCumenk(D)Lender sha0 be entRted to coQecl and _ "T�.,
<br /> • ' � - receive atl of the rents of the ProOeRy;and(c) �ch tenant of the Property shatt pay ail rents due and unPaid W Lender or _.' .:%`:4.�.:!µi�'.=
<br /> �i Lendei's agent an Lenders written demand to the tenani : �
<br /> ' Bortower has not e�ceCUted any prior ass�gnment of the rients and has eot and wi0 not perfortn eny&et that woutd prevent .,�� �"'
<br /> .. �, Lender from exercisfng �s rights under Mis Paregraph 17. ,�l`, .��r. '
<br /> � � • �� � Lender sha11 not be requced to enter upon,take control of or mafitain the Properry before or after gtvfig notice of breacb to t.� � `
<br /> • �; Bortower. However,lender or a judicialry appo�►ted receiver may Co so at any time there ts a breach.My app6oaUan o1 rents ; '�+X'
<br /> ��:
<br /> shall not cure or warve any defauft or invalidate any other right or reme dy o f L e n d e r.Th i s a s s i g nment o1 rents ot t�e Ploperty . ± �—�, ,
<br /> shaU tertnlnate when the debt secured by the Security tnstn,ment is pald►n fuil• ,;�:�-}
<br /> • � � 18. Foreetosure Procedure. If Lender requires fmmedlate payment in futl under Paragraph 9, ..�,,. ',..:;"r;�+�'':
<br /> � Lender may innoke the pawer o1 s�fe end any other reneedies permitted by applicabte law. . ��;';���'
<br /> :..-�:.-:
<br /> lender shall be entltled to collect ali expensea incurred in pursutng the.remedies provtdod in •.. � .•F:,.��Y�
<br /> • y.��t"
<br /> . � . . this Parsgreph 18, inetuding, but not limited to� reasortabte attorneys' tees and coste o4 tttte . _
<br /> . evidence. � `r�
<br /> tf the power of sate ts invoked� Trustee shaii �ecord a notice of detaut4 in each county In , *�-.
<br /> � which any part ot the Property is tocated and shall mail copies of such nottce in thce�m1e i� _ , ::-�Ty�;-�•�.
<br /> � � � prescribed by appllcabte law to Borrower and to the other persons prescrlbed by app -.,.•� .
<br /> i:—•_ •
<br /> After the tie��requlred by a�rplicabte Iaw, Truatee sball give public notice of s2le to the persons _.;,,._.
<br /> � � licable faw. Trustee,without demand on Borrower, shal!setl .-..: -
<br /> " end in the manner prescribed by app . .-
<br /> . � the Property at publie auction to the highest bidder at the vme and piace and under the terms .
<br /> � designated in the no t iee o f sa le in o n e o r m o r e p a r c e t s an d in an y order Trustea determinea
<br /> �� � Trustee may postpo e� �fevious �schedutede�te�Le dep ory its desl9nee may purcnhase the ` , �. � ^ `
<br /> Ume �nd place o y p h►
<br /> . �,
<br /> � � Property s3 any sate. _. . . . ,' .
<br /> � U�OOn reaelp4 ot payment of the price bid, Trustee shall deliver to the purchaser Trustee's
<br /> �.• . c9eed eonveying the Property.The recitats in the Truatee's deed shatl be prima facte evld�s�ce of
<br /> the truth oT the statemente made therein. Trustee shali apply the proeeeda ot the saSe in the . . .
<br /> : . toltowing order: (a) to all costs and expenses ot exercising the power of sate, and the sal�
<br /> ' � � i�ctuding the payment ot the Trustee's tees actualty incur�ed, not to exceed 3 . .
<br /> . � of the principal amount of the note at the Ume of the declaretion of detault� and reasonable �
<br /> � attorneys' tees as permttted by law; (b) to ail sums secured by thls Security Instrument; and (c)
<br /> • � any excess to the person or persons legally enUUed to i� � .
<br /> � tf the Lender's interest in thia Seaurlty Insfrument ia hetd by the Secretary end the Secretsry
<br /> � requires Immediate payment in tuil under P�ragraph 9, the Secremry may invoke the n12 U.S.C. . • .•
<br /> � � power of sate pravided in the Singte Family Mortgage Foreetosure Act o1 1g94 (°AcC') (
<br /> � � 3751 g3 s,eg.)by requesting a torectosure commissioner designated under the Act to eommence t
<br /> � { 40f II deurive the Secr'etary of any ight p therwlse avatab e to atLender underrthis Paragraph 18 I �• �
<br /> ..3 sha p � �.
<br /> �_ � ot appliCeble law. ,
<br /> � Instrument. Lender Shall request TrustBB to � • .
<br /> 19. Heconveyanee. Upon peyment of all Sums Secured Gy this Security . ,
<br /> . reconvey the Property and sha11 surrender this SeCUrity Instrument end all noted evidencing debt secured by this SeCUrity
<br /> . Instrument to Truslee. Trustee 5�811 reCOnvey the Propehy wdh0ut warranty 8nd wAhout Cha�ge ta the person or person5 lege�h
<br /> entrtied to rt. SuCh person or persons shall pay eny recordation Costs. ,
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