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conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be . given effect without the conflicting provision. To this end the provisions of this Securky I�strument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy ot the Note and of this Securky Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hezardous Substances on o� h the Property. Borrower shall not do, nor allow anyone etse to do, anything aifectfng the Property that is in violation of any Env�onmental Law. The preced�g two sentences shall not apply to the presence, use, or (� storage on the Property of small quantkies of Hezardous Substances that are generally recognized to be appropriate to normal � residential uses and to maintenance of the Property. � BoROwer shail prompty give Lender written notice of any investigation, claim, demand, lawsuk or other actbn by any � govemmental or regulatory agency or private party invoNk►g the Property and any Hazardous Substance or Environmental Law of � which Borrower has actual knowiedge. If Bonower leams, or is notified by any govemmental or regulatory authorky, that any � removal or other remediation af any Hazardous Substances affecting the Property is necessary, Borrower shall promptiy take all (� necessary remediat actions in accordance with Envi�onmental Law. � As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by � Environmental Law and the followk�g substances: gasoline, kerosene, other flammable or toxfc petroleum products, toxtc pesticides and herbbides, voletile solvents, materials containing asbestos or formaldehyde, and redioactive materfals. As used in the paragraph 16, "Environmentel Law" means federal laws end laws of the Jurisd�tfon where the Property ts located that relate to heafth, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as foltows: 17. Assignment of Rents. BoROwer uncondftionally assigns and transfers to Lender all the rents and revenues of the Property. Bonower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's not�e to Borrower of Borrower's breach ot any covenant or agreement in the Securiry Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assipnment of rents constitutes an absolute assignment and not an assignment for addftional securky only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be heid by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entftled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay ail rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform eny act that would prevent Lender from exercising its rights under this Peragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or aRer giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any defauft or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid In full. 18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shali mail copies oi such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deltver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prtma facie evidence of the Vuth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale� and the sale, including the payment of the Trustee's fees actually incurred, not to exceed 3 °� of the principal amount of the note at the time of the declaration of default, and reasonable attorneys' fees as permitted by law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. If the Lender's Interest tn thts Security Instrument is held by the Secretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("AcY') (12 U.S.C. 3751 et seg.) by requesting a foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided in the Act. Nothing in the precedtng sentence shall deprive the Secretary of any rights otherwise available to a Lender under this Paragraph 18 or applicable law. 19. Reconveyance. Upon payment of all sums secured by this Securky Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all noted evtdencing debt secured by this Securky Instrument to Trustae. Trustee shail reconvey the Property wfthout wananty and w�hout charge to the person or persons legally entRled to it. Such person or persons shall pay any recordation costs. F58�3.LM0(t/9B) Paps 4 of S