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<br /> "� 13.xoqi�s,pny notice tn Borrowe�provided for in this Security Instrument sha11 be Slven by delivering it or by : • � -;
<br /> mailing it by fust class mail unless applicable law mquires�se of another method.The notice shall be directed to the .—
<br />�� Property Address or any other address Borrower designates by notice w Lendea.My notice to Lender shall be given by � '. .
<br /> ° f�i ciass mail w Lender's addmss stated herein or any address Lender designates tsy noiice tn Borrower. Any noticc � - - -- - _
<br /> provid�for in this Security Inslnunent shall be de�med to have be,en given tn Borrower or Lender when given as i ,
<br /> provided in this patagi'aph. ; . � � � ', —
<br />• • 14.Governang Law;Severab�lity."Itus SecuritY Instcument shall be govemed by Federal law and Ihe law of the � ,
<br /> j�uisdiction in which the Property is tocated.Io die event tbat any provision or clavse of this Security Insorument or the � - - ----^ -
<br /> hote conflicts arith applicable law,such conflict shall nat affect oimex pfovisians af this S�curety Tnsm�menz or the Note - •- ;- ---- .
<br /> �. _'_—�.� �
<br /> � wluch can be givea effect without the conflicting provision.To d�is en�the piovisions of this Security Insuument and : .rt�>._..
<br /> � ��;~�:��
<br /> the Note are declared ro be seveiahle. .. . . ,,:��,��:;>:
<br /> 15.Borrower's Copy.Borrower shall be givea�one confonned copy of t9�e Note and of this Sean'ity Inslrumenc : :.-:-�_
<br /> 16. Hazardons Sa6sla�s�. Bolrower shall not cause or permit the presence,use,disposa1,storage,ar release of � .,. " ,- ,.;,, . ',r'-�'�c:-
<br /> any Hmardous Substances on flr�the Property.Bos+ower shall not do,aor allow anyone else to do,anything affecdng • ;,T F-.�,:,-�.; —
<br /> the Propesty that is in violation of any Eavironmeatal Law. The preceding ta'o sentEnces shall not apply to the presence, .
<br /> • use, or stmage on the Propeaty of small fluantides of Hazardous Sabstances that are generally recognizeci to be -�
<br /> a�proPriate to normal residene�a!uses and w maintQnance of the Propaty. ::,,,:;. � • ��. .
<br /> A
<br /> . . Borcower shall pmmpdy give L.ender written natice of any investiF,ation,claim,demand,lawsuit or other actian bY „:r- , -Y,�,.;�.';,
<br /> any goverumental or regulatory agency or private party mvolving the Property and any Hazardous Substance or ' ''�r;;` ._ .;.�;:�
<br /> Environmental Law of which Bocrowex has actual irnowledge. If Bonower lea�ns,or is notified by any govemmental or , ��` �
<br /> . regulatnry authority,ihat any nmoval or other remediation of any Hazardous Substances affectina the Propeaty is • :�',.�"�
<br /> necessary,Borrowea shall ptompdy take all nacessarY remedial actions in accordance with Environmeata!Iaw. `I .,,'�'°`;!�� • .
<br /> .- ��1�
<br /> . . As ased in this paiagraph lb, "Harardous Substances" are those suhstauces defined as toxic ar hazardous �• �'�- :�_::i,} ';-�.
<br /> substances by Environmenral Law and the following substances:gasoline,kerasene,orher flammable or wxic peuoleum - . -,
<br /> prodacts, toxic pesticides and herbicides, volarile solvents, materia?s containin8 asbestos or formaldehyde, and , .
<br /> radioactive matPSials. As used in th�s ParagraPh 16, "Environmental Law" mea�n federal laws and laws of the =
<br /> oac � " +"- �
<br />� •:� jurisdicaon where the Praperty is located that relate w health,safety ar environmental protec:rion. ' :_• ' :.' , :
<br /> ��P.ri.. ..' :.
<br /> ' NON-ZJMFORM COVENANfS•Banowex and Lender furthea covenant and agree as follows: ' "`��z � .E; �
<br /> 1?.Assignment ot Rents.Borrower uncondidonally assigns and Uansfers w Lender all the renu and revenues of �'.:. .�. � � .t;
<br /> A ign
<br /> • the propeaty,Borrower authorizes 1-ender or Lendea's agents ta collect the rents and revenues and hereby direcu each ' �"``; � '�r : .��
<br /> � - tenant of the Pmperty co pay the rents w Lender or i.Eader's agencs.Hdwever,prior to Lea�dea's notice to Bonower of ..':�,�;; _ ` •�j. �, �
<br /> : Bonower's breach of any covenant or agreement in the Sec�uiry Insmunent,Borrower shall collect and receive all rents •�-µa�4 � °��
<br /> and revenaes of the Pcopeny as oruseee for the benefit of Lender and Borrower.'Ihis assignment of rents consatutes an ��� _
<br /> absolute assig�unent and not an assignment for addiuona!securiry only. Y�. . �'°
<br /> ` If Lender gives notice of breach to Borrower: (a)all rents received by Borrowcr shall be held by Horrower as ,. � ;. '
<br /> � uustee for benefit of Lender only,tn be applied w the sums secured by the Seciuiry Instrument; N)I.ender shaU 6e ��'�`-�'-�_ -:.�
<br /> 't-,� ��_ .
<br /> • entitled to collect and receive all of the rents of the Properry:and(c)each tenant of the Property shall pay all rents due 3�.,,;n,���,--__
<br /> Tac:c,��a�,��:,_�
<br /> and unpaid pA Lender or Leader's agent on Lcnde�'s wriuen demand to the tenant --� f,..
<br /> � Borrower has not executed any prior assignment of the rents and has not and w�l not parform any act that would ��� '� .'_f,.
<br /> � prevent I.ender from eaercising its rights under this paragraph 17. � -- -_`_ - -'..
<br /> • �i Lender shall not be required tn enter upon,take conuol of or maintain the property before or aftea giving notice of `� � _:� :
<br /> '' breach to Borrow�.However.Lender or a judicially appointed receiver may do so at any dme there is a breach.Any -,�...�,,�p,,_.::_:°.::�
<br /> ,.', applicauon of rents shall not ciue or waive any default or invalidate any othcr right or remedy of Lender. 'fhis :•�;•,LL;_,
<br /> ' assignmeait of rents of the propary shall tcrminate when the debt secured by the Sec�uiry Inswment is paid in fu1L __ • '�::�'"'�
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