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<br /> 13. Notices.Any norice to Borrawer pruvided for in tdis Security instrument shall be given by deGvering it or • : ,< �•
<br /> - by mailing it by first class mail unless applicable law reyuires use of another method. The notice shall be directed to .� � . --� „ �- `
<br /> the Property Address or any other address Sorrower designates by nouce to Lender. Any nntice to L.ender shaii be - - -: -°. <_;';; ;
<br /> given by first class mail to Lender's address stated herein or any address I.ensier designates 6y notice to Borrower. .- . _:;:,,�t,i
<br /> Any notice provided for in d�is Security Inmument sHall be deemed to have been given no Borrower or L.ender when �;::=�;:�u�_
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<br /> given as provided in this P�b'�Fb- - :~,-`�'�"'-
<br /> 14. Governing Law; Severabitity.'ihis Secutitq Insuwnent shall be governed by Fedetal law and the law of � ~'"`_ ' ` -r-
<br /> the jurisdicaom in which the Property is loc�ted. In the event that any pmvision or clause of this Security Insnvment - c_""?��;�,��-
<br /> or the Nou conSicts with applicable taw,such conAict shall nat affect other provisions of this Secarity Inst�naLe�!*or --v
<br /> ' the Note which can be given effect without dte conflicting provisi�n. To tlris end the provisions of this Security ` �""�` '`� _ ,
<br /> . � •�--:--_=� `�
<br /> ' Instrument and the Note are declaied ta be severable. , ' `<�`:' '.-`.�'�=
<br /> 15. Borrower's Copy. Borrower shall be given one confoimed copy of the Note and of this Secuiity '�` '` ��___
<br /> ' Insuameni. �. :`�''`"
<br /> 16. Bazardous Snbstances. Borrower shall not cause or pemut we pmsc..x,use,dispasal.swrage.or release ` �.;:.,,-°°°----
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<br /> of any Hazardous Substanzes on or in the Progerey. Borrower shall not do. nor allow anyoae else to do, anydiing „ 4:,:;•�_-�--- _
<br /> affecting the Property that is in violation of any Emirormental Law. The p r e ce d i ng two sentences shall nnt aPP1Y� '..: :.���• •:
<br /> _ the presence, use. or storage on the Property of smdll quantities of Na�ar�lm�c Substances that are generally _..X�-�'�"�-,
<br /> ma ,.,
<br /> . recognized to be appropriate to notmal iesidential uses and to maintenance of the Property. +�
<br /> Borrawer shall prompdY give Lender wrimen notice of any im�estigation,claim.demand.lawsait or ather action �';,,,• �
<br />. by anY governmental or regalatory agency or private party imolving the Property and any Harardous Substance or , ,- ,��,--�-
<br /> F.nvironmental Law of wiuch Barrower has actual imowledge. If Borrower leamc,or is notifred by any governmenCal _ �-:
<br /> or regalatory authority,that any remwal or other remediation of any HaTardous Substances affecting the Property is �.' ::��:"�_=
<br /> .� necessary.Botrower shall promptly take all necessary remedial actions in accordance with Emriromnental Iaw. �=�;,,�. :.
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<br /> qs nsed in this paragraph t 6. "Ha7ardons Substa�oces° are those substances defined as toxic or hazardous �'' ?• .,}.
<br /> substances 6y Emriro�enial Law and the following sabstances: gasoline. kerosene. other flammable or toxic :;'��„ � ,'_
<br /> i petrole�mn products.toxic pesticides and herbicides,volatile solvents.materials coniaining asbestos or fom�aldehyde, ;�,;�X. �� � �E��:
<br /> and radioactive materials. As used in this parag�aph 16, "Emrironmental Law" means federal laws and law5 of the t-��.° . j ,
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<br /> ' jurisdiction where tbe Praperty is located that relate to health.safety or emrironmental pmtection. � • ; •
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<br /> NON-UPiIFORM COVENANTS.Bcyrrower and Lender funher covenant and agree as follows: ,: j• ':
<br /> . . 17.Asslgmment of Rents.Borrower onconditionallp as9gns and dcansfers w Lender all the tents and revemies � � e .
<br /> . � of the Property. Borrower anthoiize.s L.ender or Ixntier's agents to collect the renrs and reveuues and hereby direets '��� '° <•��-
<br /> each tenant of the Property to pay the rents to Lender or Ixnder's agents. However, prior to Lender's notice to " ` ���--�_ -
<br />� � Borrower of Borrower's breach of any wvenant or agreement in the Secarity Instcument.Earrower shall collect and ��'�
<br /> � receive all rents and reve�nues of the Pcoperty as tiuscee€or the b.°nefit of Lender and Borrower.This assignment of �- =�''f
<br /> rents constiwtes an absolate assisnment and not an assignment for addidonal secniity only. ,�:�� �
<br /> � If Lender gives notice of breach to Borrower: (a)all rents received by Borrower shaU be hel�by Borrower as ,�,_;;;;;,,�.::��dia:;,��,�..�•:,'"
<br /> uastee for benefit of I.ender ottly.to be applied to the sams secured by the Secusity Insa�meur,{b)Leader shall be ��'—
<br /> � entided to coliect and receive all of the rents of the Property;and(c)each tenant of the Property shall pay all rents
<br /> . due and u�aid to Lender or I.ender's agens on l.ender's written demand to the tenant. .'iy'°"'���'
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<br /> Borrowec has nnt exewted any prior assignmeni of the rents and bas nnt and will not perfoim any act that would __- -_--
<br /> . prevent Lender from exercising its rights nnder this paragraph 17. �-�?_�.�
<br /> Lender shall not be required to enter upon.take control of or maintain the Property before or after giving nodce 1��,y � _
<br /> of bieach to Bonower. However, Lender or a d�ciall a ointed receiver ma do so at an time thete is a breach. ��'�
<br /> N � Y PP Y Y ::..;:.�,,rt:2 P:.�•.
<br /> • � Any applicaaon of rents shall not cure or waive any default or i►rvalidate any other right or remedy of Lendet. Ttus _ _.�.::�,.�_�_''
<br /> , assignment of rents of the Property shall terminate when the debt secured by the Security Insunment is paid in fiill. {
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