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<br /> � . , � � . � 9�� ��i��� � ��. �.
<br /> .. coMficts with 8pplie8b� Iaw. Such conflict shaU not BNeCt other provisions of this Seeuriry�nstrument or the NotO wAiCh Cgn G8 . -�
<br /> � • given ettect wRhou!the corHGCting provisian. To this end the Orovlsions of this Security Instrurttent and the Nota ere tleclared to � � ��
<br /> .. , . '�.-_
<br /> � , ' be SeverablB. � ,. .
<br /> ' 15. BOROW@�'8 COoiy. Bortower shall be ghlen one conformed copy of the t�tote and ot tAis SecurRy Ins�ument � ` �L' `
<br /> , .f 16. H8t8rdCU8 SttbBtHnCes. Borrawer snan not cause or perm�me presence, use, dtsposa�,storage.or retease ot t. . �
<br /> • � � any hta:ardaus Substanees an or in the Property. Borrower shaD rtot do,nar al?ow anyone etse to do,anything eftect�9 the _ •
<br /> , Pmperry that is in vi0tation of any Environmentat Law. Th8 preceding two sentenees shatt rtOt appty to the presence. use, or
<br /> � � i sto�8ge on th�Property of small quantRies of Ha�rdous Substances Mat are ge�eralt}r recogn�d to he appropriate to normal ;
<br /> � residenfia�uses and ro maintenance of the Property. , ,
<br /> -"- �' ';—'".-<j Borrower shall promP�h 9t+re Lertder mrtter► notice of anY investigation, cisim, deman0. lawsu� ar oth� actlon by anY ---- --- -- --:
<br /> � govemmental or�egutatory agency ar private pa►ty invoMing the Prope�ty end eny Hezardous Substence or EavironmenffiI Law at .� .. ..`��s ;
<br /> • �� which Barrawer has actual knowtedge. It Borrower learns. or is not�ied by eny govemmental ar regutatory aufrtordy,that anY � .. -4,
<br /> � � } removal or otAer remedtation ot any Hamrtaus Subsffinces aH�Ung the Property is necessary,Borrower sha0 pramptSy mke sU ' -
<br /> 'y •`._. � _ ,
<br /> , �ecesssry remedfal actions in accordance w�h EnvUonm9nffi1 Law. ' •-
<br /> . � As used fi thls paragraph 78,'Ha�tdons S1�bstances' ere those substances detmed as tmdc ot haiardous subsfances by ... . _
<br /> ` � ' Erntronmental Law and tfie foROwing subsKences: 8asot'me, kerosene. other flemmabte or twdc petroleum products, toxlc _
<br /> � I .` —
<br /> pestictQes end herbfcides,votatite solvents,mater�ts Conteining astrastos or fortnatdahyCe,and radioacNve materiaLS.As used in � :
<br /> � � �� the paragraph t6, 'Envtronmental Law' means federal laws and laws of the jurisd'�ction where the Property is lacated that relate . ;v..- `�`
<br /> � to heafth,safery ot env"uonment9l protection. '.:=°•`',
<br /> . . .. ��..�.�,m`:a.�
<br /> NON-UNIFORM COVENANTS.8orrower and Lender further covenant and agree as toilows: - "
<br /> ' 17. ASHigltltl@!tt Of R@q18. Borrpwet unconditionariy asstgns and transters to Lender atl the rents and r8venues of the �, •,��:::'.--°°
<br /> Property. Borrower autho�s Lender or Lender's ageMs to cottect the rents and tevenues end herehy directs each tenant of the �'���. ;us._-
<br /> -. - Property to pay the rents w Lender or Lenders egants.However, pdor to Lenders natice to Bonower ot Borrowers bresch o1 :�_
<br /> - any covanant or agreement m the Securdy Insbument, Borcawer sha11 cot6�ct antl rece5re a0 rents and revenues of the PropeRy - - ---- .` M
<br /> _. _��,`
<br /> as trustee for the benefit of Lender and Borrower. This asslgnment of renis cansUZutes an absotute aSSlgnment and not en � .. � � ,�;g=�-
<br /> . , ...- .�::�
<br /> asstgnment!or add�tonal secur�ty ony. , • 'E=:��
<br /> H Lender gives natice o}breacA to Borrower: (a)aU cents receNed by Borrower shaU be held by Bormwer as trustee tor ��-,:�;;���,:,
<br /> • ' .. " beneflt o!Lender ony, to 6e appQBC to the Sums ssCttted by the Secnriry Mstrumen� (b)Lender shaU be entftled to collect end �� '`�;� .,:�`;-..
<br /> ` � receive a11 of the rents of Me Property;and (c)each tenant o1 the Property shall pay al1 rents due and unpaid ro Lender or � . , '� '
<br /> ';��•��LV`
<br /> �, Lender's agent on Lende�s wrrtten demand to the tenan� .� _-,,..,,,.,,;_
<br /> � �• 8ortower has not executed any prior assignment ot the rents and has not and will not pertortn any act that would prevent ���5; _ : ;�, •_�;
<br /> . � :a+t'�, '_
<br /> ,�•,.,-,�:==
<br /> ' Lender trom exetcising its righ�under th"s Peragraph 17. •, �, ,'•?�'",�;,,�,f�:_����•
<br /> ' Lender shall not be required to enter upon,take conVOl ot or maintain the PropeRy 6efore or after giving nodCe ot breaCh to �"��
<br /> r: . � 1.r,�y�`;��.,.
<br /> � Borrower. However, Lesider or a judtcialy appointed receivar may do so at sny tbne thera is a breacb. My epplicaGon of re�ts . . � �'r;+
<br /> shalt not cure or waive sny defauft or Invalidats eny other right or temedy of LenQer.Thts assignment ot rents ot the Property ` ` _�:' `•
<br /> ..'.',:;.s�,;'
<br /> • . � sha0 tertninate when the debt secured by the 3eauriry Inshument Is patd in fu1L �� �� +-.:
<br /> .,':,'�-.`:
<br /> � � 18. Foreclosure Procedure. li Lender requtres immediate payment in tutt under Paragrapl� 9, � , -•`�:�-�::-
<br /> r Lender may tnvoke the pouuer of ��� mad any other remedies permitt�d by applicabte law. , . ���''`_
<br /> Lender shall be entitted to collec4 all expenses incurred in pursutng the remedies provided in , . �"�'��=�
<br /> � � 8his Paragraph 18, including, but not lim(ted to, reasonabte ettorrteys' tees artd costs of Ut1e •.� �' :''•��=
<br /> � evidence. �
<br /> . If the power of sate is invoked. Trustee shall record a notice of de4autt in each caunty in � � ' ��':
<br /> � � which any part oi the Property is tocated and shall mail copies ot such notice in the manner � � '���
<br /> � .�� prescribed b a pticable law to Borrower and to the other persons preccribed by appticabte law. :y��
<br /> Y P ,- �:.:-
<br /> � �`�= Atter t7�e time required by appiicabte taw, Trustee shall give pu�lDc noUce ot sale t+o the persons � -
<br /> and in the manner presarlbed by applicabte law. Trustee, without demand on Borrower, ehall sell � � • �
<br /> , � =.; tha Property at public auction to the hlghest btdder at the time and ptace and under the terms . . � �,
<br /> � ''!� designated in the aotice of sale tn one or more parcets and in any order Trustee determinea - �'''���
<br /> • � � � Trustee may pastpone sate oi atl or any parcel of 4he Property by public announcement at the � �" •�;. >
<br /> time �nd place of any previousty scheduled sale. Lender or uts destgnee may purchase the
<br /> Property at any s�le.
<br /> � � ti Upon receipt of payment of the prlce bld, Trustee shatl deUver to the purchaser T�ustee's . . '. � �.
<br /> deed convey�ng the Property. The recitals in the Trustee's deed shall be prtma facie evtdence of : ,
<br /> � the trutt� of the statements made therein. Trustee shatl appty the proceeds of the �ale in the ��
<br /> toltowing order. (a) to all costs and expenses ot exercising tQ�e power oi sate, and the sale, � . ' � �
<br /> . , including the payment ot the Trustee's teea actuatly incu�red, rtot to exceed 3 % �, - �.
<br /> -� ot the principal amount of the note at the tlme ot the dectaraUon of detault, and reasonabte , , . �
<br /> . . attorneys' tees as permitted by law; (b)to all sums s�c�red by thls Securiiy Ins4rument; and (c) • �
<br /> � any excess to the person or pe�s�ns tegalty entitted to it - � . �
<br /> � , tf the Lender's interest in this Securlty Instrument ia held by the Secret�ry and the Secretary . .
<br /> � � � requires immediate payment In tull under Reragraph 9, the Secretery may tnvoke tt�e nonjudicial .
<br /> � power of sale provlded in the Single Famify Mortgage Foreclosura Act of 1994 (°Ac�') (12 U.S.C.
<br />_ 3751 et s�.) by requesUng a torectosure commisstoner designated under the Act to commence
<br /> �� � tarectosure and to seN the P�operty as provided ln the Aet No4bing in the preceding sentence � .
<br /> ' .. � shall eleprive the Secretary ot any righta otherwise ava�tabte to a Lender under this Paragraph 18 . �
<br /> • �i or applicable law. �
<br /> � ' 19. Reconveyance. Upon paYment o1 all sums secured by this Secutity Instrument. Lender shall request Trustee to
<br /> s
<br /> reconvey the Property and she�� surrender this Security Instrument and 911 nOted evidenCNg debt seCUred by Ihis SeCUrity
<br /> , Instrument to Trustee. Trustee>hatl reconvey the Properiy wit�out wSrcBnty and withoul charge to the person or petsons fegally , ,
<br /> ! enM�ed to A.Such per5on or persons Shall pay eny reCOrdetion CostS. � ,
<br /> ,_.. cse,�uno n�ae� Pa90 a or s �. , .
<br /> .� ae� .
<br /> �. � -
<br /> � ��i.'�;
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