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<br /> , conNct3 with epplicoble law. such confllct shnll not aftect other provlsions ollhis Security Instrumont or tho Noto whlch can bo ,
<br /> glven efloct wllhout lho Conlllcting pravlslon To ihis end lho provisions ot this S�cunly Insirument t�nd tha Nolc nre doclnred to ;
<br /> bc�nevorablo. ` –
<br /> 15. Borrower's Copy. Borrowar shnll be glven ono conform�d copy o4 tho Nato and nl thls Secunry Instrument. , ��
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<br /> 1 G. Hezardous Subatanees. Borrower shall nol causo ar pnrmit�he prosr,nco, uso, dlsposal, storngo. or«3lenso 01 j �
<br /> any Hazerdous Substances on or In tha Property. Borrower shnll not do, nor allow anyono elso to do, anythtnp oiloctinp tho ;
<br /> Property thut is In vlalation oi ony Environmental Law. The precedmg tv+o Rentencns shall not npply to tho prosQnce. uso, or I __
<br /> storege on the Property of small quantlties ot Mezardous 5ubstnnces that ere generally recoyrnzed to be appropr!ete lo normal ;
<br /> resldentlel usos and to mnlntonence of the Property. �
<br /> Borrower shall promptly give Lender wdtten notice of any Investigatlon, clalm, deniand, luwswt or olher Acqon by nny �
<br /> governmental or regulatory agency or private purty Invo�ving the Property aiid any Hazardous Substencu or Envvonmenipl Lnw o1
<br /> which Borrower has ectuAl knowledge. I} Bortower leams, or Is notliiod by eny governmental or roflulntory authority, th91 any _
<br /> removal or other remedifltlon o1 any Hazardous Substances attecting the Property Is neces�ary. Borrower shnll promptly tnko ull �
<br /> necessary remedial�ctions In accordance with Environmental Law. { , _�
<br /> As used In thls paragreph 18, 'Hazardous Substences' sre thase substences deTined as toxic or hezurdous aubstences by � '
<br /> ' En�ronmental Law and tho follov+ing substances: gesoline, kerosene, olher flammeble or toxic petroleum productn. toxic i _ ���y
<br /> pesUcides and herbicides, volatile soNents, matedals containing asbestos or lortneldehyde, and radloacllvo materials.As usod in � ���:s:��;,:
<br /> the paregrept� 16, 'Envlronmental Law" means federal laws and laws oi the wMsdictlon where the Property Is located that relute . ,, • :__.. :
<br /> ..�_—
<br /> to health,sa4ery or environmental protectlon. _-
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<br /> :s,
<br /> NON•UNIFORM CAVENANTS. Borrower and Lender lurther covenant and agree as}olloNS: i� --^•.
<br /> �a~�:
<br /> 17.Assignment of Rents. Borrower unconditionalty assigns and Iransfers to Lender all the rents and revenues ot the �
<br /> Property.Borrower authodzes Lender or Lender's agents to collect iho rents and revenues end hereby directs each tenant o1 the ���
<br /> „ P�opetly to pay the rents to Lender or Lender's ugents. However,prior to Lender's notice to Bonower of Bonower's breach of ��
<br /> any covenant or agreement In the Security Instrument. Borrower shall collecl end recelve all rents and revenues ot the Property • _
<br /> , as Irustee for the beneflt of Lender and Bonower. Thls asslgnment of renis constltutes an ebsolute essignment and not an
<br /> ,� asslgnment for additlonal security only. � _
<br /> If Lender gives notice ot breach to Botrower. (a) ell rents received by Bortower shell be held by Borrower es trustee tor •
<br /> . benefit of Lender only, to be appUed to the sums secured by the Security Instrument: (b) Lender shall be entitted to collect and ���•
<br /> � recelve ell ot the rent� o} the Property; and (c) each tenant oi ihe Properly shall pay all rents due and unpald to Lender or ��;;;�+
<br /> �'t,.'�:�:
<br /> Lender's agent on Lender s written demand to the tenant. �
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<br /> „ Bortower hus not executed eny pdor essignment of the rents and has not end wlll not pertorm any act that would prevent h .,
<br /> � Lender from exerclsing Its rights under this Peragraph 17.
<br /> �Lender shall not be requlred to enter upon,take control of or maintein the Property before or after giving notice of breach to
<br /> { Bonower. However, Lender or a Judlclally appolnted receiver may do so st eny tlme there Is e breach. Any applicatlon of rents ��
<br /> sh�l not cure or walve any default or Invalidato any otfier right or remedy of Lender. Thls aseignment of rentu of the Property �',
<br /> ; sheC terminate when the debt secured by the Security Instrument Is pald In NII. � ' .
<br /> f 7 e. Foreclosure P�ocedure. If Lender ►ecqulres Immedlate payment in full under Peragraph 9�
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<br /> ' ° a- Lender may Invoke the power of sale and any other remedioa permitted by epplicable law. .
<br /> ' � Lendpr shall be entitled to collect all expenses Incurred In purauing the romedles prov9ded In
<br /> b� thls Paragraph 18, Including, but not Iimtted to, reasonable attornays' tees and costa of t(tle �
<br /> �vldence. -_______
<br /> ,� ' If the power of sale is Invoked. Trustee shell �ecord a notice of defeult in each county In = -
<br /> `� � which any paR of the Property Is located and shall mafl caples of such notice in the manner _.�
<br /> proscribed by ep�licable law to Borrower and to the other persona presc►Ibed by epplfcable law. --_.�_
<br /> After the tlme required by appllcable law, Trustee shall give public notice of sal� to the persona �;_
<br /> ' ; and In the manner preacrlbed by applicable law. Trustee,without demand on Borrower,shall sell ----
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<br />__ .. �r= �ho Prope r t y a t pu b l ic auc t fon to �ha h i g h e s t b i d d e r a t t h e t i m e a n d p t a c e a n c l u n d q r t h� t e r m a w��..�"��-
<br /> �� designated In the notice of sale In one or more parcels and in any arder Trustee determines. � ��`�'-------`�
<br /> _ • Trustee may postpone sale of all or any parcel of the Property by public announcement at the ''����w` ---
<br /> � , � time anrl place of any previously acheduled �ale. Lender or Its designee may purchase the ----- r�,� .a::
<br />- "; Pro • at an sAle. .�' ,� ��
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<br /> ;��� Upon recelpt of payment oi the price bid. Trustee ahall dellver to the purchaser Truatee's �. ;�•-.��.-:�:.. .� :s
<br /> � '..A S'1'. . �
<br /> :} dead conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of :��:.�•:r,K,::
<br /> ,•.......-,•:: �' .
<br /> _ :� �he truth of the statements mgde th�reln. Trustee shall apply the proceeds of the sale in the : ���'�: •
<br /> .�• N; follow(ng order: (a) So all costs and expenses of exercising the power of sale, and the sele, .�. �. . .
<br /> including the payment of the Trustee's feea actually incurred, not to exceed throe 3'a °` :•�
<br />- ��, of the principal amount of the n�:e a !hs il:�ie of the declaratlon of default, and reasoneble
<br />- ' • ; attorneys' fees as permttted by law; (b) to all sums secured by this Security Instrument; and (c) � .
<br /> �. any excess to the person or pereona legally entitled to it.
<br /> � � t If the Lendor's Inter�at in this Securi4y Instrument Is held by the Secretary and the Secretary ' -
<br /> j requlres Immedfete paynsent in full under Parayraph 9, thA Secretary may invoke the nonDudicial
<br />� ��, ; power of salo provfded in the Single Famfly Mortgaye Foreclosure Act of 1994 ("AcY') (12 U.S.C. �
<br /> ' .. • 3751 et seg.) by requesting a foreclosure commlesioner dealgnated under the Act to comrnence
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<br /> - -.. . iOf!!{i1VSLftl tlll{/ tU OOti llto rtV'7o�ty oo �r�v��uv� n. �•.v ..v.. .•v•.•..b ... •..v r.v..v.....b..v...v.... ----� -. -°-
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<br /> - shall deprive the Secretary of any rights otherwise available to e Lender under this i�aragraph 18
<br /> i or applicable law.
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<br /> _ i 19. Reconveyance. Upon payment of all sums secured by this SecuNty Instrument, Lender she!I request Trustee to
<br /> �econvey the Property and shall surrender thls Secur�.y Instrument and ell noted evidencing debt secured by this Security
<br />–_ � Instrument to Trustee. Trustoe shell reconvoy tho Property without worranty end wfthout charge to ihe person or persons legally
<br /> en6Ued to it.Such person or persons shall pay eny recordatlon costs.
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