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<br /> ; con!�cts witA eApGCab� taw.SuGh con}lict Sh8lI not at46Ct other proviSiC�s of this Setu►ity �nstrurr�9nt ar the Note whkh c&n C8 ; • � ,' 't "'
<br /> givpn effect wrthout t�fe confl'�Cting provi5ion.To this end the provsions of tAis Securi4y Instrument 8nd the Nate ere dOCtaf6d to �,�
<br /> � be Sevetabie•
<br /> ���
<br /> 15. Bonower's Copy. Borcower shaU bo qhren one coafortnad coAY of Iha tvote and of this Security InsVUmee�t � , �,•�.
<br /> � F.�_
<br /> 16. I���IOUS SU�t3t8flCl.°!3. 8orrowsr sh&A not cuuse or petm�tha prasenee,use,disposa4 storage,or retease of . •
<br /> eny Mtrardous Slibstancas on or In the Property.8orrowar sAaU not do. nor al:ow enyone else to do, anYthlnB aif�ttr�9 t�e , ,--
<br /> Properry that is in viol9tlon of eny EnvtO+tment8� Lsw. The Dt6Ceda�p two ssntsnces stt8il not apPty to tha D���• uso. or .
<br /> ' storaae on tho Property of sma[I qua�t�lles of Ha�rdous SuDstences that are genarsRY reec��ed t4 be epproprfate to nomial . ' -
<br /> reyidential uses and to maintenancs of the Pmperty , '
<br /> Borrower shaft promptry g3va Lcnd� i� °Q� 4? �^Y �+a'�on, ciain. demand. laweutt or otner acdon by ar�y , _
<br /> ` govemmentel or reguiatory agencY or prkate partY invohrin@ the ProsseRy and eny Haserdous Substanca or Envtonrr�enmi Law of � ' '�
<br /> � which Bortower haS actu8l knowiedg9.�t 8ortower teams, or is notifead by eny govemmentat or regutfltory authoriry, that any � ,
<br /> removal or other remediation of any Haiardous Substances affect�8 the ProPeriY� °��• B��war shaU prompty teke aU ; . ,
<br /> necessary remedisi actions m accordance w3h Envinnmentai law. t � °
<br /> As used in thls Psrdp►aDh 16."Hesardous Se�bstances' are those substences deflned as toxlc or hazardous substences by � : ��
<br /> Envronmentat Law and tho tolbwtnp substences: Casofne, kerosene, other ffammable or to�dc petro►eum products, toxic
<br /> . pesticides and herbicides�volatiie sokents,materials conmh�tng asbestos or tartnaldshyGe.end radbacNve matertaU.As used tn F: . � _
<br /> • • the pgrggraph 16,°Environmenfal Law'meaes federal Iaws and laws of the juris0iction where the PropeRy ts Iocated th8t r�tate k, , . .
<br /> ' • to heatth.satetY or envfronmental protecdon. �X"'•_=_
<br /> � NON-UNIFOFM COVENANTS.Borrower end Lendsr further Covenant end 8gree as foftaws: ;
<br /> �
<br /> 1 17. ASSigYlIi12[tt 04 R2f14S.8orrawar uncond�tonatty assigns and Uanste�s to Lender aU the rents a�d revanues of ttie i
<br /> I Property- Barrower autfior�s Lender or LenQefs agents to eotleCt the rents artd revenues end hereby d'�rects each tenant ot the � �
<br /> �It PropOrly to pay the rents to Lender or Lenders agents• Hawaver, prior to Lenders notce to Borrower of Borrowers breach of ' 7'
<br /> ' t anY covenant or agreement m the SecuritSr Instrument, Bortower shall collect end receive a0 rents end rarartues of the PropertY C , - ':�—
<br /> . i as wstee for the beneft af �ender end 8ortower. This assi8nment o! rents conStituU� en ebso�te assignme+�t end not an � ;
<br /> assfynment for adddional s�curity onty. � . .���
<br /> • �f Lender pives not�e of breach to Borrower. (a)all rents received Bsy Bortower shali be hetd by Borrower as tru3tea fur � . •,,�� _-
<br /> ' benef�of Lender only, to be ayplied to the sums secx+red by the Secur�j �nsWmen�(b)Lendsr shell be sntitled to co8ect end ,�_,�.:��� .
<br /> receNe ail ot tha rents of tia ProD�►f. end (c) each teeent of the Propartyr shali pay aU rents due and unpatd ta Lender or `;�+�-,� �� �
<br /> ' Lende+'s agent on Lender'S x::tien Qemand to the tenant � ; �. ,
<br /> Bortower hes not ex�ecu:sd any prior assignment of the rents and has nat and v�iii not pertortn any act that wcrS�pre+rent . • . �
<br /> Lertder irom exer�tshg Ks ri8hts under this Paregnapt► 17. • :.~� �
<br /> 'i i.��-.:'
<br /> Lender shall not be requ�'ed to entsr upon,take control of or cnahtaT the PropeAy betore or aftsr pivOng notice of breach to . ,: � � :
<br /> • 8ortower. However,Lender or a Judiclelry appohted recehrer maY do so at any pma there Ls a breach. My applk:aUon Of rents _
<br /> shall no!cure ar waive ar•Y��•a�ft or invalidate any other �eght or remedy of Lender.This ass��e+�t of rents of t'�a Property '� �,+�
<br /> shail tetmin8te whBn the d2::seCUred by the SeCUrity It►SC'�:..ent is p8id in full ' �'` }!� .
<br /> �.�.�` � �
<br /> � �;i 18. ��aesiosure Procedure. If Lender requlres imme�iate payment in tull under Parasraph 9, .__ , . �•+
<br /> Lender may invoke the power ot sale and any other remediea permtttod by appUcable law. �;
<br /> ,'.. • ._•__
<br /> Lender ahall be entiUed to collect a01 ex�enses incurred tn purauing the remediea provided in � ,: .
<br /> � � thts Paregraph 18, Including, but not limited W, reasonable atUorneye' teea and costs of UUe :�:�,�,��:,...._
<br /> � evidence. � �`'�--�`-v
<br /> tt the power ot aale Is invoked. Trustee aha�� record a nottca of detautt in each county In . �
<br /> • �� wMch any part of the Peo�eriy (� iocated and o!m!1 rsesi! co�tee ot �ach �otic� fan the manner _ _ . "'���-
<br /> � ,.I iicabte taw. 7 �``—_-
<br /> pre�cribed by app�:.x��a law to eorrower and to the other persoris presc�ibed by app .,, � ' ��� � �
<br /> : ;;�.
<br /> � Aftpr the Ume req�ai�ed by applicable law, 4�stee ahall qive pu�CBx notice of aate to the peraons ,;., ,�'�� �:..:
<br /> . end in the c�annet preacribed �y ap�pitca�".e �w. Trustee, withaut dBmand on Borrower,sha11 sell � �,�:��' � :-:—
<br /> the Prop�3 at publlc euctton to the highest bldder a4 tha Ume and ptaee and under the terms �"-�`"�'' _ _
<br /> ', (,V'•:. '
<br /> desigeated In the noUce of sate in or+e cr more par�e:s and in any order Trustae determines. . .,,,i�,, ,.�.=.
<br /> � Truatea mey postpane sale of all or aoy p�s�el of the Property by public ennouttcement at the '�-��-���
<br /> Ume end place of any previousty achemc�'� aele. Lender or ita deslqnee mey pnr�ii�xa the ���.
<br /> . Property at any sate.
<br /> Upon recelpt of paym�M �� tl�a price b9d,Trummte� shall deliver to the purchaser Troatee's '�"
<br /> : deed con�eyin� the Property. 4�t� recitate in the Trus4�e's deed ahsll be prz�rm tacie evidence oi . . . �
<br /> �'1 the Vuth o! the atntements rrra�e therelr�. TruKee ahalt appty the proceeda of the aate In the . . . �_
<br /> � I toliowinfl order: (a) M stl costs and er�e�sea o! exerclstny L't� power of sate, artd tl�e aaie, � . s_
<br /> ' ir�ctudin�the psyment of the Trustee's te�sztualty incurred, noY to exceed 3 %
<br /> of the principa4 amount of ttae note at the tlme of the declaratton of deteult, nnd reasonable
<br /> ettosrteys' teea as permitted by taw; {b) to a!1 aums secured by this Security InaVument; and (c)
<br /> , �
<br /> �! any excess to 4he per�n or persons legalry enUtied to iL s �.
<br /> � If the Lender'a Intereet In thla Securi3y Instrument ia held by the Secretery and the Secrotary
<br /> requires immediate payenent In tuil urtder Para�raph 9, the Secretnry msy invoke the nanJudietal
<br /> pawer of aale provtded in the Sinyb Famtly MortQage Forxetoaure Act of 1984 ('Acf") (12 U,S.C. __
<br /> 37b1 gs�.q.)by requeaUng e torecfosure commiatfoner desi�nated under the Act to cammence '
<br /> � ioreclowre end to aell 4he Property as provlded in the Act Nothing in 4he preceding aentence � ��°-
<br /> shell Aeprive the Secretary of eny riphte otherwise available to a Lender under thfs Parayr�ph 18 � �.
<br /> or appUcabte taw. ' �
<br /> i 19. Reconveyanee. Upon paymont of nll sums socured by this Sacurity Instrument, Lender shaD roquast Trustee to � . ___;
<br /> .� reconvey the Property and sh811 surrende� th�s SeCUrky tnswment and eit noted evidenc�p debt socured by this Secur�Ty . —
<br /> Instrument to Trustee.Trustee shall reconvey the Properly without warranty and without cherge to the person or persons fepatty _
<br /> entitied to fG SuCh person or persons shall pay any recordatbn costs. �
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