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<br /> . _.. - ��-- a����rs � � �. � ��'�
<br /> . . . � � . . ��
<br /> confticts wc�h appi'icab�e faw, such conftict shafl not aNact oth9r provislons ot tNis Security Instrument or ths Note which can be -
<br /> piren ettect wfthout the conflictmg provislon. To Mis end the provLslons o4 Mis Security Instrumant and the Note are deciared to -
<br /> bs severebb. . '. -
<br /> 15. BOYPOH7�@P'8 COpy. Bortawer shafl be givan one contom�ed copy of the Note end of this SECUr�ty�nswmBnL � �
<br /> 16. Hazardous Substances. ao�rower snau noc cause or pennrt t�e presence. use, disposal,storage,or release ot • � —
<br /> any Namrdous Substences on or 'vf the Property. Borrower shall not do, nor allow enyone e(se to do, enytlsing affeCtinA Me ` , !��_
<br /> � PropeRy that is � violation of any Environmental Law. The pracedinp two sentences shaU not appy to the presence,use, or � � _
<br /> storage on the PropeRy of smali puantitles ot Ha�rdous Substances that ere generatly recognized to be appropriate to nortnal i
<br /> resldenttal uses and to rtmfntenanca ot tt�e Property. �
<br /> BortOwer Sh3ii promptry give Lender written notics of any invastiyatbn, Cta�rn, damand, taw5uit or other action by eny � �
<br />• govammental or regutstory ag�cy or private party invatvhg the Properry end any Hazardous Substance or Environmantal Law ot - ""-
<br /> � which Bortower has actr�ai knowiedge. If Borrower {aams, or Cs notiRad by any govammental or regulatory authority, that any 1
<br /> removal or other remediation Qf any Hazardous SLbstences affecting the PropeRy is necessary, Borrower shall promptty take ali � • � �
<br /> rtecessery remedia!actions in accordance vrdh Envaonmantal Law. i E'
<br /> , � . As used tn thls paragraph 16,"Ha�rdous Substances'ere those substancss defned es toxic or hazardaus substances by ! , �.T��
<br /> Envuonmentai Lew end the foltowhg substences: gasot�e, kerosens, other flammable or towc pebvleum products, toxic " --
<br /> �a
<br /> • � pesticides and herbictdes,wlatile solvents, materia►s conffiining asbestos or fortnaldefiyde,end radiaacHva materfals. As used h � ` : - -
<br /> the paragraph 16, 'Env'ronmental Law' means federat taws and taws of the jurisdiction where the Propefty ts Iac�2etS that relate � • � _ , _
<br /> . .r
<br /> to health,safety or environmentat protectbn. i � s<;�
<br /> ' ���.
<br /> • - NON-UNIFORM COVENANTS.Borrower and lsnder further covenant end egre9 as toilows: ( � ��_�
<br /> � 17. ASSIgI1t178f1t Ot R@nt8. Bortower uncand�tona�yr assiQns and transfers to Lender all the rents and�svenues of the F ���
<br /> Propertyr. Borrower authorizes Lender or Lender's epents to cotlect the rents and revenues and hereby dQects each tenant of the f Y ������
<br /> . Propsrty to pay the rents ro Lender or Lenders agants. However, prior to Lende�s rtotbe to Bortower of Borrowe�s breach of � :.� `�3�'_
<br /> '.�;..
<br /> , � i eny co�enent ar agreertient in the Security Mstrument, Borrower shali cotiect and receive all rents and revenues of the Property � . -` ���=—
<br /> en
<br /> j as trustee fot Me benefit ot Lendet and Borrower. This assipnment of rents constiWtos en absolute esslgnment end not an � �+��� ;_�_
<br /> . assignment for addit(anal securfty onry. � —
<br /> . If Lender give5 notice of breach to Borrower. (a)all rents receNed by Borrowar shall be heA by 8ortower as trustee for • �� -'��
<br /> benefit of Lender oniy,to be appl'ied to the sums secured by the Securtty Instrumenk (b) Lendsr shall be entitled to co�ct and = `
<br /> recehre al1 of tha rents ot the Property: and (c) each tenant of the Pro�ty shaU pay ail rents due artd unpaid to Lendar or 3- . _:
<br /> �•��_, . �-..
<br /> y I.enders agent on Lenders wriGen demand ta the tenant. • �, �� • -
<br /> Bortower has not euecuted any prior assqnment ot the rents and has not end w(fl not perform any act that wauld prevent • ' ,,� _r:�
<br /> Lender irom exarc(sing fts rights under tfiis Paragraph 17. � ., ;� �T�^
<br /> Lender shall not be requted to enter upon,telce conVOl of or mahffiin the Property bafore or efter gNing notke of breach to - •.'�;;z:-�,'
<br /> Borrower. However,Lender or a Judictairy appahted receiver may do so at eny t�ne there IS a breach. My applirstion of rents � ,�• _
<br /> shaii not cure or waiva eny defauft er fnvatidate any othet right or remedy ot l.ender. This essignment of rents of the PropaRy •� :�'
<br /> shall terminate when the debt secursd by the SecuQty Instrument is paid in full ' �
<br /> z1
<br /> ` 18. Foreclosure Pirocedure. It Lender requl�ea immedlate payment in tuli under Para�reph 9, � t` "–`
<br /> � Lender may invok� the power of sate and any other remedies permitted by appllcable law. �. � �r` `��
<br /> �� Lender shall be e�titled to collect all expensee tncurred in purauinp the remedies provtded in �.,;:�= '�'"�
<br /> ` this Pt�rag�rapb 18, including� but not Um(ted to, reasonable attorney�' tee� and co�te of 4Itle . - `'°�t==
<br /> evldertce. �.' �
<br /> If the �ower �! aale is invoked, Trustee shap record s notice ot detautt In each county in
<br /> �� " �`--
<br /> � whlch any pazt o4 U�8 Property is loceted and shali mall coptes of auch natic� in the menner t � .' ��r�.:
<br /> � prescribed by appliLabte law to Borrower and to the other peraons prescribed by appiicable law. '�;;�=
<br /> ABer the time requtred by appltcabte law, Trustee shail qtve public noUce ot aale to the peraons , :. � ., „�:�
<br /> � and in the manner rescrtbed b 1leable law. T�ustee�witiwut demend on Borrower� ahell aett �-'��
<br /> P Y aPP . .. �:�-
<br /> the Property at public eucUon tv the hlyhest bldder at the Ume artd place and under the terms .
<br /> dealpnated in the notice of sale in one or more parcels and In any order Truatee determine�. • ' F-
<br /> Trustee may postpone aale oi all or any parce9 ot the Property by public announcemea�t at 4he �'����_
<br /> timo end ptnce af any prevtousty acheduted e�le. Lender or its dest�nee may purchase the �"
<br /> � Property at any sale. . � � �
<br /> , Upon �eceipt ot paymen4 of the price bid, Yruatee ohalt detiver to 4ho �urchau2r Yrus4e�'m !�
<br /> deed conveyinp the Property. The recitets In the Trustee's aeed sha11 be prirna tacte evidence ot � � , ' � .
<br /> the truth oi the stateme�ts made therein. Trustee shall appty the proceads of 1he sa�e In the . .
<br /> totlowin� order: (a) to all costs and e�ense� 04 exercislny the power ot sale, and the asle� '
<br /> � Inciudiny the payment ot the Trust�o's teea actuatty Incurred, not to exceed 3 9b �
<br /> of the principal amount of the nate at fhe Ume of the dectaraUon ot detault, end reaaon�te •
<br /> ettorney�' tees as permltted by lew; (b) to eil sums secured by thla Secu�ity InatrumenY; and (c) '. . �
<br /> .; any exceas to the peraon or peraons legally entiUed to it � . .
<br /> � � If tho Lender's interest In thts Security instrument Is heid by the Secretary and t0�e Secretary i �
<br /> requires immediate payment in tull under Parayraph 9. the Secretery may invoke the norsJudicial —
<br /> power oi sate provlded in the Single Family Mortgege Forect�sure Act oi 1994 ("AcY) (92 U.S.L'.
<br /> :� 3i51 ��eq.) by requesting e toreclosure commissloner designeted under the Act to commence � . '–
<br /> � breclasure and to setl the Property as provided In the Aci Nothing in fhe preceding sentence � � � � ��
<br /> shalt deprive the Secretary of any rights othe►wise available to e Lender under this Paregraph 1S � �'�
<br /> i or applicable taw.
<br /> j
<br /> ! 19. Reconveyance. Upon payment of ntl sums socurod by this Security InsUument. Lender shetl requ0st Truatea to �
<br /> . reconvey the Propariy and shall surtender thts Securily InsWment end aU noted evldeneing debt secured by thls Security
<br /> Instrument to Trustee.Trustee shall reconvey the Prop9rty without wartenty and without charge to tha person or persons Iegaity _--
<br /> � entitled to �.SuCh p6rson or persons sha0 pay eny recordatbn eosts. �
<br /> �
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