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<br /> 13. Notices.Any notice to Botro�ver provided for in this Sccurity Instrument shall be given by delivering it or ��
<br /> * by maiHng it by first class mail unlcss applicable law requires use of another method. The notice shall be directecl to ;���
<br /> the Propeny Address or any otL�er address Bonower designates by notice to Lender. Any notice to Lender shall be -_
<br /> given by first class mall to Lender's address stated herein or any address Lender designates by notice to Borrower. -_—
<br /> Any notice providerl for in this Security Instrument shall be deemed to have been given to Bonower or Lender when �
<br /> given as provided in this paragraph. '
<br /> 14. Governing Law; Severabflity. This Security Instrument shall be govemed by Federal law and thc law of
<br /> the jurisdlction in which the Properry is located. In the event that any provlsion or clause of this Security Instrument - -
<br /> or the Note conflicts with applicable law,such conflict shall not affect ot6er provisions of this Security Instrument or ,-
<br /> the Note which can be given effect without the conflicting provision. To this end the provisions of this Security
<br /> � � Instrument and the Note are dealazed to be severable.
<br /> � 15. Borrower's Copy. Bonower shall be givea one wnformed copy of the Note and of this Security _
<br /> ' ` .: Instrument. -
<br /> 16. Haznrdous Substances. Borrower shall not cause or perrnit the preseace,use.disposal, storage,or release
<br /> � �' of any Hazardous Substances on or in the Properry. Borrower shall aot do, nor allow anyone else to do, anything —
<br /> �� affecting the Praperty that is in violation of any Environmental Law. The preceding two sentences shall not apply to _�t
<br /> the presence, use, or storage oa the Peoperty of small quantities of Hazardous Substances that are generally �_
<br /> �i. recognized to be uppropriate to normal residential uses and to maintenance of the Property. _-_
<br /> r Borrower shalt promptly give i.en der wriccen noiice oi any iuv�t i�ntw��.e l a i m,dcmara�, 2:,�suit or osher scti�.^. _
<br />_ �; Uy any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br /> Environmental Law of which Bonower has actual knowledge. If Borrower leams, or is notified by any governmental __
<br /> � or regulatory authority, that any removal or other remediatlon of any Hazardous�ubstances affecting the Property is
<br /> , �� necessary,Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law.
<br /> � As used in this paragraph 16, "Hazardous Substances' ue those substances defined as toxic or ha7ardous
<br />_x substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic
<br /> petroleum products,toaic pesticides and herbicides,volatlle solvents,materials containing asbestos or formaldehyde,
<br /> aad radioactive materials. As used in this paragraph 16, "Environmeatal Law" means federal laws and laws of tt�e
<br /> jurisdiction where We Property is located that relate to health,safery or environmental protection.
<br /> NON-UNIFORM COVENANTS.Bonower and L.ender further covenant ead agree as follows: �_
<br /> .•" 17. Asslgnment of Rents.Bonower unconditionally assigns and transfers to Lender all the rents and revenues —
<br /> { a of the Property. Borrower authorizes i.euder or I.ender's agents to wllect the rents and revenues and liereby directs
<br /> each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to
<br /> Borrower of Borrower's breach of any wvenaat or agreement in the Security Instrument. Borrower shall collect and
<br /> ' `,,,,, receive all rents and revenues of the Properry as wstee for the benefit of L.ender and Bonower. This assi�nmeat of
<br /> � �--._-..-
<br /> -.^• � rents constitutes an absolute ussignment and not an assignment fur aalJitiunal security oNy. ___- -
<br /> -s'� � If Lender givcs notice of breach to Borrower: (a)all rents received by Borrower shall be held by Borrower as _
<br /> -_ mistee for benefit of Lender only,to Ue applied to the sums secured by the Securlry Instrument; (b)Lender shall be =__
<br /> �^'+�"�. entitled to collect and receive all of the renu of the Property;and (c)each tenant of the Property shall pay all rents
<br /> _ due and unpaid to Lender ar Lender's agent on Lender's written demaad to the tenant. �;�_
<br /> . t � Borrower has not eaecuted any prlor assignment of the reuts and has aot and will not perform any act that would --
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<br /> 1�. prevent Lender from execcising its rigl�ts under this pazagraph 17. ���___.�__
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<br /> Leader shall not be required to enter upon, take control of or rnaintain the Properry before or after giving notice ?� %t:�;---
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<br /> of breach to Borcower. However,Lender or a judicially appointed receiver may do so at any time there is a breach. :�:����
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<br /> i Any application of rents shall not cure or waive any defaWt or invalidate any other right or remedy of I.ender.This ���'',�:-`�
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<br /> assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid{n fu1L "�-�^�.y�._
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