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<br /> _ — 13.Piotices.Any notioe to Borrower pmvided for in this Sauritl' instrumeni shall be givea by delivering it or - ,
<br /> � -- - --- by mailing it by fust class mail unless applicable law requires use of aaot6er method.The notice shall be directed w �
<br /> '. • - the Propert�+A d d r e s s or a�r o t her address Bormwer ctesignates bY notice to Lender. Any notice to Lender shall be
<br /> . � .. . given b7l�class mail to L�ender's address stated herein or any addtess l.ender designates by notice to Borrower. , - -
<br /> . . . Auy notice pmvided for in this Securitl+Instsumen�sbail be deemed to have been�►vw to Soauwer or l.ender when ;:•. :_.:_�:4;:
<br /> .. � , :; given as pmvided in this paragtaPh• shail be govem�d by Federal law and the law of '�..
<br /> - 14.Governing Law;SevetabilitY.'fhis SecuritY Instcument , ..�-..�.,4`. . '
<br /> • ` the jurlsdidion in which the PcapertY is loart�.In the evem that any provisnan or clause of this SecuritY insuumetu �•:�',r. .
<br /> � • or the Note conflicts with applicable law,sucb conflict shall not affecs other pmvisions of this Serauiry Inst�nmment or . -+...,___--
<br />= ' the Note wiuch can be given effect withnut the conflicdng provision. To tbis end the provisions of this Security --
<br /> . insnvment and the Note aze declared to be severable. of the Note and of this SeQUity . : �� �;�-".-`",.�-
<br /> . 15. Borrower's Co Borrower shall be given one oonformed coPY ��---
<br /> . PY• «,;: r�,,�f_-
<br /> � �,� ��� P P osal,storage,or release ;.::a.�.-':•: -'-
<br /> � s.':r 16. Hazerdous Substances. Borrower shall noc cause or ermit the resence,use,disP .• .,.-,,�-, :..__
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<br /> .. ' - of any Hardndous Substances on or in the PropertY• Bomower shall nat do,nor allow anyone else to do,anYth�ag . _- , . . -
<br />. • � affecting the property that is in violation of�y Environmentai Iaw. The precedinS two seiuences shall not apply to • . - _— -
<br /> � .' •�'r':'•; the preseace, use, or s t o r a g e oa [he P ro p e rt Y of small 9uanrities of Iiazardoas Substances thaz are geaerally -- —_
<br />� � : � recognized to be appropriatc w normal residendal uses and to maintenauce of the PropertY• -r..--.�
<br /> 1 on,claim,demand,lawsuit or other acuon
<br /> .• Bonower shall pmmpdy give Leader writtea notice of any investigati and any Hazardous Substance os ,. ��_
<br />: � �.�, hy any goveramental or regulatory agency or prlvate partY invoiving the Propercy ... '.1�.�e_
<br /> t' ' F�viraamental Law of which Borrower has actual knowledge. If Borrower leams.or is noafied by aa3+govem�cntal ' �
<br /> or regulatory authority.that anY removal or other teraediatioa of any Nazardous Substances affe�ting the Fragerty is ' . , i�:�=
<br /> • - necessary,Borrower shall PmmpdY take all nec�ssaTY remedial actions in accordance with F.nviranmental Law. ' -
<br /> . - As used in this paragragb 16, "Hazardous Substauces" are those snbst�anc;es defined as toxic or ha�ardous ;=1.,,-;_,-__.,--
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<br /> �b�� �y ��ronmental Law and the following substances: gasoline, keroseae, other flammable or toxic , •.f.,�.
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<br /> • petroleum products,wxic pesticides and herbicides,volatile solvents, materials cantaining asbest°s or formaldehyde. .. . ,,.^�,,_
<br /> ' � j and ta,dioactive materials. As used in this para�Fh 16, 'Envimnmental Law" means federal laws and laws of the .���.•.
<br />. '� jurisdicaoa where the Property is located ihat relate to health,safery or environmental Prot�u°p� ' �. �
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<br /> � NON-UNIFORM COVENANTS.Borrower and l.ender funher covenant and agee ag fallows: •..:r,�.
<br /> . 17.As�nent of Rents.Bosrower uaconditionally assigns and uansfers to Lender all the rents and revenues' . °.` ,.•`'. "
<br /> � ` � ,., of the Property. Boaower authorizes Lender or I.ender's agents to collect the rents aad revenues and hereby di�ects ; .:.,_,._"
<br /> ` • each tenant of the Properry to pay the rents to l.cnder or Lender's agents. However. prior to Lender's aotise to • . —.
<br /> Borrower of Boaower's breach of any wvenant or agreement in the Securiry lnstrument.Borcower shaU collect aad
<br /> � � receive all rents and revenues of the Properry as t:ustee for the benefit of Lender and Boaower.Ttus assiSnment of �,.'
<br /> ' � renu wnstitutes an absolute assignment and aot an assignment for additional security only � '��.-
<br /> � � � • If Lender gives norice of breacb to Borrower: (a)all rents received by Borrower shall be h@d�ABorr�ow�el be • .� -�
<br /> - uustee for benefit of Lender only,w be applied to the sums se�vred by the Security lnstiument: �'��
<br /> endded co collect aad receive all of the renu of the Property;and(c)each tenant of she Praperry shall pay .
<br /> ' •• due and unpaid co Lender or L.ender's agent on l.ender's written demand to the tenant. .
<br /> ' Bonower has aot executed any prior assignment of che rents and has noc aad will not perform auy act that would
<br /> ' prevent Lender from exercising its rights under this paragraph 17.
<br /> ' • Lender shall not be required to enter upon,take control of or maintain the Property before or after giving notice
<br /> � of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach.
<br /> � . � Any application of rents shall nos cure or waive any default or invalidate any other right or remedy of Lender.This , .
<br /> . assignment of renu of the Property shaU terminate when the debt secured by the Security lnstn�ment is paid in full.
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