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<br /> -- 13.Nat�ccg.Arry norice to Borcower provided for in this�Securianoth���ethud.The nacice shall be directed to
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<br /> � ,r•• by mailing it by first class mail unless apglicable law requires : . .
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<br /> . . the prope�ty Address or any other address Borrower designaies by notice to Lender. Any aotice to Lender shall be .-. • ��_ _•-'
<br /> - -' - �l given by fust class mail to Lendds address scat e d herein o r a n y a d d r e s s I.ender designat�+hY notice to Borrower. _.- -:— , `�- -
<br /> � , . /3ny notice provided for in ttds Secvrity Insuument shall be deemed to have been given to Borrower or L,ender when �;, �.
<br /> . give°as pn°��m�p�h• �Security lnstiument shall be govemed by Federal law aad the law of . _ _ ,
<br />- � • 14.Governing Law;Severab�Ity �r�'
<br /> • .. the jnrisdiction in wIrich the Property is located.In the event that ar►Y Pmvision or ctause of this Securit5+Iascran°ent • •t-. ,.�,.:,
<br /> or the Note contlicts with aPPlicabte law,snch co n flict s h a ll not affecc other pmvisions of this SecuritY Insuument ar -
<br /> � , the Note wiuch can be given effect without the conflicting pmvision. To this end the pmvisions of this Security �. � ��.
<br /> .. . ;,-.�°•c..
<br /> .' �ns[rument and the Note ue declared to be severable. of the Note and of this SecuritY �� �' " '
<br /> 15. Bormwer's Copy. Borrower shall be given one conformed copY � ° - r.`:�-
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<br /> -� Insuument. or release : ._—
<br /> �' 16. Hazardous SuBstances. Barrower shall uot cause or permit the presence,use.disposal•sc°m8e• ` . - -
<br /> ` , • . ' of any Ha7ardous Substances on or in the Piapeny- Borrower shall noi do,nor allow atryone else to do,anYthinS �,�.. �`.;�.;
<br /> . ' . affecting the Property that is in violatioa of any Euvironmeatal Law. The pre�eding two sentences shall not apply to : _��s.:
<br /> � ' of small quaadries of Hazardous Substaaces that a�e S�IY �° -�---
<br /> ' the presence. use, or stonge on the Property • , �.'� '=-..
<br /> - ` '_ recognized w be appmPriate to norn�al residential uses and w maintenance of the Propeny. - --- - �`�-
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<br /> ' � Borrower shail pmmpdy give l.ender written notice of auy iavestiSation,claim,demand•lawsnit or othes ac6on s
<br /> g and an Hazandous 5ubstauce or ��
<br /> ' . . bY u►Y goveramental or regulatory agencl+ar private parry involving the Prnpercy Y ovemmental .. `'�
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<br /> Enyironmeatal Law of wluch Borrower has acn�all�owledge. If Borrower learns,or is notifced by any g ', .,� ":•.;'_
<br /> � or regulatory authority,that any remuval or other remediation of any Hazardous Suhstances affedin8 t��'°1�m'� ` ,., •'n"•�-
<br /> `� � , remedial actions in ar.coidance witb Environiaental Laar. `.,r.:-°_-,
<br /> ' - necessary,Bonower shall prompdy take ali necessuY -.:.�,,., . --�=
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<br /> - As used in this para�pb 16, 'Hazardous Substances" are those substanoes defined as toxic or haTardous ° _.._�-
<br /> ' substances bY Environmental Iaw and the following substances: gasoline, kerosene, other flammable or touc - : �.;T."=
<br /> , . ' petroleum praducu.toxic pesticides and herbicides,volatile solvents.materials wntaininS a�bestos or formaldehyde, � __
<br /> ��: ' �d���e materials. pS used in tbis paragraph 16, "Environmental Law'means federal laws and laws of the
<br /> � � jurisdictioa where the Property is lacazed that relate to healtb,safery or environmental protectioa. .. ':':.�-.
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<br /> � � NON-UNIFORM COVENANTS.Borrower and I.ender funher covenant and agree ag follows: �.•>•�:
<br /> j ' . � 17. f�lssigmnent of Rents.Borrower unwnditionally assigaa and uansfeis to Lender all the rents and revenues _ `°
<br /> . of the Property. Borrower authorizes l.ender or I.enQer's agenu ce coAect the rents and revenues and hereby direcis , ' __
<br /> • each tenant o f t he P r op e r t y to Pa y the rents to Lender or Lender's agents. However, Prior to Lender's nodce to ; •;�.r:t
<br /> � Borrower of Borrower's breach of any covenaat or agreement in the SecuntY Inswment,Borrower shall collect a n d �. . ; '
<br /> ': �:
<br /> � � receive a ll r e n t s an d r e v e n u e s o f t he Pro p e rt y as m�stee for the benefit of Lender and Borrower. T6is assignment of _
<br /> � reats consdtutes an absolute assignment and not aa assignme�►t for addiaonal securiry on1Y• °:°
<br /> � � � If Lender gives aotice of breach to Boaower: (a)all rents received by Bonower shall be held by Borrower as , ' :';,;
<br /> uustee for benefit of Lender only.to be applied to the sums secared bY the SecuritY�nsuume°t� ro>�d���be : ,�
<br /> ' � endtled co wltect and receive all of the rents of the Properry;and(c)each tenanc of the Properry shall pay aU renu
<br /> � due and uapaid to Lender or Lender's agent on Lender's written demand to the tenant. • : . .
<br /> � Borro�ver bas not executed any prior assignment of tl�rents and has not anZ will not perform any act that would •:
<br /> .. � prevent l.ender from exercising iu rights under this paragrapb 17. '
<br /> � Lender sHall not be required to enter upon.take wntrol of or maintain the Property before or after giving notice
<br /> ' of breach to Borrower. However. Lender or a judiciaily appointed receiver may do so at any+time there is a bteach. •�• �'
<br /> . • pny application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender.This •
<br /> ' assignment of rents of the Property shal!termivate when the debt secured by the Securiry Inswment is paid in full. :
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