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<br /> ' ___.._�_ _,..�— -. ...._ a. . �_ _ __ _._ . _ F�.
<br /> � 97� 102i.�2 , - __. _ -_ _ ,
<br /> confliets wdh a�9ticabla law, such canfllct shaD not aHect other provislons of this Security tnswma►t or the .�ots�xh s�ss b " .
<br /> g�etfsct w@flout tha con�'�ct�p provfston.To thts end the provisbns ot thls Secur�y Instrument and tho Note are doet�+ed to . : . . .
<br /> bo sever&bIB. . � `` . ' _
<br /> �5. Bal'tOWEi'8 COpy.@arcawer shaU be ptwn one caMormed capy of fAO Note and of tAia S�curny Inatrumsnt
<br /> 2
<br /> 16. HdZ�rd0u8 Subat811C@�. eorrawer sha11 not cause or permd the presenee, uss, disposal, stoaaps.or re�eese of ! . � .
<br /> nny Hamrdoue 8ubstances on or fn the Property. Borrowa s�a9 not do, nor atbw anyona ets� to do, snytflhp aft�ctt�0 ths ` .
<br /> Property that ts in vtoiatfon of any Environmenfal L.ow. The 0�a�9 �9 sentencss eheli not flppty to tha R�65enee. �s9• o� j . -
<br /> storege on the Property ot smau quarttitles of Ha�rdous Substances that nre asneratty reeoQnf�d to be cppropri� io normal '
<br /> 1 � .
<br /> � residential uses 8nd to malntenence of the Prop�rty {
<br /> ' Borrowar shaD promptry pko Lendar written not�e o} eny In+rasY�stfian. ci�im. d�d. tswss+tt Or ottisr actlon by any �
<br /> povemmental or reQuiatory asenCy or prlv8ls pertY InvokYtp the Prtperty 8nd e�►Y Hezardoua SubSt&nCe or Envlronuter►ffiI L8w of . _
<br /> which Borrower has acwal knowtedQe. lt Barrowst leams. or (s nofifled by any povemmenTal or �ulatory authorlty. that any . . � `
<br /> removal or other remedlatlon of eny Ha�ardous Substenr�s aNectln9 tho Property Is necessery.Borrower shaii pmmptly take au • ' , _
<br /> �ecessary remedtal actfons�accorQanee with Envimnmentai Law. . -=_
<br /> As used tn this pacapraph 18.'H�rdaus Su4smnees°ere those substances defi^ed as to�dc ot hamrdous subst�nces by .,f� - ___`__
<br /> Env(ronmental Law and the ta[bwhg subs�Tances: gasoi'ne, kerosene. other (fammeble or to�dc petroteum products, toxlc W�'r.
<br /> pssticidas end herbicides.vataU'b sokents.� contan�ng asbestos or formaldehyAe.and radlaactive matertels.As used b . : '�..�.��.
<br /> the paragraph 16, 'Environmental Law' mesns iederal laws and Iflws Of the JurisdiCtlon where ths Properly is�oeated that retflte ,. :_.,;:_
<br /> . z�.�.
<br /> to heaRh,satety or environmental protectlon. =-'°�� �'
<br /> . . _ t�
<br /> NON-UNIFORM COVENANTS.Bortawer and Lender further covenant and agree as fottows: � �-�.-"_-
<br /> -►��-
<br /> 17. Ass[gnmen4 of Rents. eorrower�nconamona�h��ens and uensrers co�er►der ae�rce ren�s ana re+renues or me � . •
<br /> Property. Borrower euthorims Lender or Lenders agents!o coUact th�ranLS and revenues and hereby dUects each tenant of the ;� :�
<br />-• Proparty to pay the wr�ts to Lendsr or tsnder's ssants. However, prtor to Lendars notice to BaROwer of Borrov�afs breach of ,:m_�:__.
<br /> any covenant or 8preernent in the Securfty InsVUment,Bortower ShaB CoNect end recelue a0 rents end revenues of thg PropertY ' �=.�
<br /> as pustse tor the beneta ot Lender end 8orrower. this essiQnment ot rents canstfWtes en abso9rte asstpnment and not en � Y ���
<br /> ,�`�-
<br /> assipnment Por add3bnel secun'ty only , . - --
<br /> . ��i If Lender Qh�es notice of brench to Bortower. (a)a11 rents recelved by Barower shafl be held by Borrower as trustee tor k , � -
<br /> '. ` bsnsf�t o!Lcnd�ony,Lo be app�d to the sumc secured by the SecurRy I�sUUmen� (b)I.eeder sha0 be entiUed to Copect end � ; � :_� ,
<br /> � receNe ap of the �ents ot the Property; and (c) each tenant of the PropeRy sha0 pay ail rents due end unpaid to Leaider or ( ,��-; _
<br /> � Lendefs agent on Lende�s written demand to the tenant. � �
<br /> i �a.�,'
<br /> Borrower has not executed any prior assipnment of the rents end has not end wN not perfortn any act that wouid prevent , ' ' ��:.
<br /> Lender trom exercisinp RS tights under thts Petagreph 17. ' �
<br /> �' ; ��
<br /> Lender shaU not be requfed to enter upon,take control of or mahmin the Property betore or efter pivtng notiee of breach to • � -•�• a�-'�' -
<br /> Borrower. However.Lsnder or a judfcialN apRotntad rece(ver may do so at anY thne there fs a breach.MY epA��n o!rants 4 ' `';�
<br /> shaH nof cu►e or wn►rs eny datauft or hveltdnte any other ripht or remedy of I.ender.This assiynment of rents of the Property . t • _
<br /> ShaU t6rminat9 whsti tho debt secured by the Secutfty Instrument is p81d in fu0. i' t�s `
<br /> � : 18. Foreatosare Procedure. It Lende� requires immedtste payment in tuH under Paragreph 9, -- - --- ��'�
<br /> ,�` 1 - � ��� ;�
<br /> Len9er may Invoke the power m! sale and any other rcmediea peemttte� by epplicable taw. , � - -
<br /> Lender ahell be entttled to collect all e�enses incurred In purauin� the remedles prmvlded ire � '� q•:'�=
<br /> �F this Parayraph 1S, inctuding, but no4 Umited 40, ressonabte attorneyg' feas end costs ot title ���
<br /> evidence. : ...:. �„.., ..� _
<br /> !f the po�rer of aate Is invoSced, Trustee czhal� eecord o nottce ot d0fauf4 In eacb county in . ��.. ���
<br /> ; hal ' ��
<br /> ` whlch any part of the Properly is located and shatl mail copiea ot such �otice in th� manner ..• '�'"'���''4'
<br /> � :-+�.--,.,-.,
<br /> �. preai.ribed by applicai�le law to Bonower and ta i�e other persons prescribed by appllc�bte law. � ck f,,;;�,;; - �
<br /> After the time required by appltcable lew, Trustee shall �ive publtc notice of ale to the persons . ._. ..��__-
<br /> ': and !n the manner prescribed by appficable lay+r.Truatea. without demsnd on Borrower, ahall seil ., �,,;�,- _
<br /> � �.4 4he Property a4 public auctton to the ht�fuss4 btdder at t�v 4lme and place and under the termm � . , ,;;,�k��� —
<br /> :.� designated lo the noUce ot eale in one ar more parcels end in any order Trustee determinea ,. , . ;._„��-_ _
<br /> Trustee may postpone salv of al! or any p�rce! ot the Property Dy pubiic announcemem ai m�+ - �, : �,,_
<br /> tlme and place of eny previouaty acheduled eale. Lender or its deslpnee may purchase the - . . , :�
<br /> Praperiy at any aale. � � . ''�'..
<br />� Upon �ecelpt of payment of the price bid, Trustee ahaii deliver to the purchaser Truatem'e � � . _
<br /> deed cor►veyin� tl�e Properiy. The rec3talo in 4P�e Tru�e'ca dead ohatl be prima tacie evldence oi � . �
<br /> the truth ot the statements made theretn. Trus4ee ahall appty the proceeda ot the aate In the �: .
<br />� toltorsrinp order: (a) to atl costs an� expenaes of exercis�ny the power ot aate, end the aele, . , .
<br /> Includlnp tho payra+ent o4 the Trustee'a tees acWeily incurred, not to exceed 3 9b . •
<br /> of the principai amount ot 4he note at the time o! the declaratlon o4 detault, and reasonable : ,._
<br /> sttorneya' tees as permitted by taw; (b) to a!I sums securcd by this Security Instrument; end (c) �
<br /> any exceaa to the peraon or percona legalty entlUed to it
<br /> � If tha lender's Interest in Uois Seaurity Insbvment Is hefd by the Secretsry and the Secretary
<br /> requlres immediate payment in tull under Para�raph 9, the Secretary may invake the nanjudiclal �
<br /> � power ot sale prmvlded in the Sinple Famtty MaRSasa Forectosure Act ot 1994 ('Act") (12 U.S.C. �
<br /> 376� ��q.)by requeeting a torectosure commis�toner desipnated under ti�e Act to commence �
<br /> . brectoa�re artd to sell the Properry as provided In the Act Nothing in the precediny aentence . . _
<br /> a�ali deprive t�e Secretery o4 ony �Ighto oEherwi�s available 4o e Lender under 4hia Paragraph 18 � , . . _
<br /> or appQcebl� law. . -
<br /> [�
<br /> � 19. Reconveyance. upon payment of all sums socured by this Socu��ty �nstrument, Lendor shall request Trustee to
<br /> reconvay the Property snd shall Surrender thls Securityr Instrument end eU noted ovtQenclnp d9bt socured by this Securityr F
<br /> ' 1 InSWment to Trustee.Trustee Shail reconvey the Property without warranty ond wkhout charqe to the person or persons tepciN h ,
<br /> { entttied to d.Such person or persons shatl pay any recordatbn costs.
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