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<br /> � 13. 1�IotIces.Any notice to Barmwer provided for in this Secvtity Insatunent shall he given b del'eve ' � : - •. . _ __. _ -
<br /> by m a i l in it b first c l a s s m a i t unless a licable law y ��t Dr � �
<br /> � y pp requires use af anntber methad. The noace shall be directed to
<br /> � the Property Address or any other address Borrower designates by notice to Lender. Any nodce w Lender sha116e � ' � � � `t z
<br /> given by first class mail to L.ender's addre.s,s stated herein or any address L.ender desigaates by notice to Borrower. �
<br /> � Any nntice provided far in this Security Inscn�ment shall be deemed to have 6een given co Borrower or I.ender when � ' . _ _
<br /> given as provided in this pazagraph. ,
<br /> � 14. Governing Law; Severa6ilitq.Thi�Secutity Inscn:ment sLall be govemed by Federal law and the law of •. -
<br /> the jtuisdicdon in which the Pmperty is lorated. In dte event that any provisian or clanse of this Security Imspvment . ,•,�'�'����'!
<br /> or the Note con8icts with applicable law,such conflict shall not af�ect other provisions of this Secarity Instrmneni or � . � �µ��:..,=
<br /> the Note wluch can be given effect without the canflicting provision. To this end the pmvisions of this Secuaty . .. .. _•-v•
<br /> 3 insaumeni and the Note aze declared to be severable. ` _ .�-�"_
<br /> 15. Borrower's Copy. Borrower shall be given one confomned copy of the Note and of this Security �* .�;�r:4•_�
<br /> Instrumen� �.�_-��__�.
<br /> 16. Hazardous Snbstances. Barrower shall not rduse or peimit the presence.use.disposal,storage,or rei�se �� "*�~�
<br /> � of any Ha�ardous SubstancPS on or in the Property.Borrower shall not do, nor allow anyone else to do, anything ���'-�—
<br /> � affecting the Property d�at is in violation of any Emironmental Law. The p�ceding two senteaces s�all not applp to � ` �;-�..�
<br /> the ptesente, use, or storage on the Property of small qnanrities of Hazardeas Substances tt�at aie enerall �_-�
<br /> b' Y �`,._..._.,E1�
<br /> recognized to be appropriate co normal residential uses and to maintenance of the Pre�erty. ..
<br /> Borrower shall prompdy give Lender written no6ce of any imesdgadon,claim,demand,lawsuit or other action • �
<br /> � '`•� "��'�.
<br /> by any guveramental or regulatorq agency or private pazty iAV81ving[he Property and any H�ardons Snbsrance or � '` c: '�
<br /> �;. :� •_� ,`. �;:,...
<br /> ' Bmiro�nental Law of w}uch Borrower has actual l�owledge. If Borrower learns,or is notified by any governmental
<br /> � or ngulatory authority, that any temoval or odier remediation of any Harardous Substances affecting the Property is i � �. ��
<br /> necessary,Botrower shall pmmpdy take all necessary��3ial accions in accordance with Snviromnental Law. r '� :-;'�..�, ..�i�:;_, _
<br /> �,. r �
<br /> � As used in this paragraph 16, "HaTardans Sabstances" are those subspnces defined as toxic or haiardous h —
<br /> substances by �nvironmental Law and t�, following substances: gasoline. kerosene, other flam�ronable or toxic � ..•...�;� � �..��� i.
<br /> ] peuoleum products, toxic pesticides and herbicides,volatile solvents,materials wntaining asbestos or foimaldehyde, �� �` •�`�� ' �
<br /> l and zadioactive materials. As used in this aza �'
<br /> _ p graph 16, °Enviromnental Law"me�ns federal laws and laws of the �,
<br /> � jurisdiction where the Property is located that relate to health,safety or euviroamental prarectioa +� ��
<br />:� �t �..
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<br /> � NON-IJNIFORM COVENANTS.Borrower and I.ender further covenant and apee as follows: ; . y�
<br /> � 17. Asslgnment of Rents.Borrower unconditionaUy assigas and transfers to Lxnder aU the rents and revem�es � ` ='
<br /> � of the Propeny. Boaower authorizes Lender or Lender's agents to collect the rents and revenues and flereby direcxs • 1 , ��.
<br /> each tenant of the Propeny to pay the renu to Lender or Lender's agents. However. prior to Lender's notice to ��"r �
<br /> � Borrower of Borrower's breach of any covenant or agreement in the Secnrity Insmiment.Borrower shaU coJlect and "=��-�'' �
<br /> _ ' receive all rents and reveuues af the Property as tr�stee for the benefit of Lender and Borrower. This assignment of ��a�-
<br />�� rents constitntes an absolute assignment and not an assignment for additional secaui oni . ': "" _ -'��
<br /> �v y ���-=----=�-
<br /> If lxnder pves nodce af breach to Borrower: (a)all rents received by Horrower shall 6e held by Borrower as
<br />� erastee for benefit of Lender only,to be applied to t6e s�s secured by the Security Instcument (b)Lender shall be �T- • '.�.=
<br /> 1 enrided to collect and teceive all of the rents of the Property; and(c)each tenant of the Property sha11 pay all rents '
<br />,� due and nnpaid to Lender or Lender's agent on Lender's cvritten demand to the tenant. 1=�f �- _. .�--
<br /> i Boaower has not executed any prior assignment of the rents and has not and will nnt perform any act that would ;;rt.,,.�� � ° �---
<br /> , ��.�.�.�:.� _
<br /> prevent Lender from exercising its rights under this paragraph 19. .. ,�rv��,�:.°
<br />� Lender shall nat be reqnired to enter upon,take control of or mainqin the Property before or after giving nodce . ,�;,�- ='�:•.1,� �
<br />� of breach to Borrower. However. Lender or a judicially appointed receiver may do so at any time there is a breach. . ' 's ti_.;,�,_.�!�
<br />� Any applicatioa of rents shall aot cure or waive any default or itrvalidate any other right or remedy of Lendet. This . � ' • �-•.
<br /> assignment of rents of the Property shall temninate when the debt secured by the Secnrity Instrume¢st is paid in full. �'. ���n;��.}a.�%r?%�'r�
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