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<br /> � 13,11[utices.Any notice to Borrower provided for in this Security Iasuuraent shall be Siven by delivering it or by ` � ' . '
<br /> � mailing it by first class mail unless applisable law requires use of another method.The notice sliaall be directed to the �` .i
<br /> property qddress or any other address Borrower designates by notice tn L.ender.Any notice to Lemder shall be given by � _ •
<br /> fust class mail to Lender's addaess s�ated hesein or any address l.enda desigc+ates by nouce tn Borrower. Any notice �
<br /> ' • -
<br /> . provided for in this Security Instrument shall be deemed to have beu► given t,o Borrower or Len@er when given as . . ' . ;--,-- . °
<br /> provided in this patagraph. ; � .
<br /> 14.Governing Law;Severability.'11�is Securiry Insmunent shall be governed by Federal laa+and the law of the r ,
<br /> jmristliction in which the Progerty is located.In the event that any provision or clause of this Security Instcument or the . . .
<br /> Note conflicis with applicable law,such conflict shall aot affect other provisions af tbis Security Insbre�ment or the Note � �. : _ �
<br /> wluch can be given effect wiihout the confliati�ng provision.To this end tlie provisions of this Securiiy Insuument and � . . .
<br /> We Note are de�lared w be sevaable. � ' .,.,r•-'-,t-_
<br /> 15.Barrawer's Copy.Bonower shall be given one conformed copy of the Note and of this Sec�uiry Ir�swmenc. E �. .Y y
<br /> 16. Hazardons Sa6stanaes. Borrower shall not cause or permit the presence,�e,disposal,stnraSe,or release of ' ... �- •. -• �=a
<br /> any Ha�ardous Substances an or in the Propeaty.Borrower shall not do,nmr allow anyone else tn do,anythin8 affecting f `', . �4.�`�'`
<br /> the Proputy that is in violation of any Environmental Law. The prer.eding two sentences shall not apply w the piesence, ' ``�-�a'�; '- �-
<br /> ase, or storage on the Pcoperty of s�nall quantities of Hazardous Substances that aie geneially recognized !n be •. _ . y
<br /> aPProP�w normal residential uses and w maintenance of the Frope�ty- r . ;` `-=r:_..:
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<br /> gorrower sGa11 prompdy give Leader wriuen noace of any investigation,claim,demand,lawsuit or othea action by ,.�,.�..,
<br /> any governmental or reB�;Y a8��5+ or private party invoiving the Progerty and any Ha�ardous Substance or . , � , .
<br /> Environmerual I,aw of wtuch Borrower has acWal knowledge. ff Boaower learns>or is notifced by any govemmental or • -. Y�:
<br /> regulawry authority, tfiat any removal or other remediarion of any Har�rdous Substances affecting the Propeaty is .�,'=:��
<br /> necessary,Borrower shall promptiy take all nesessary remedial acaons in aaordance witt►Environmantal Law. y
<br /> " ps used in Wis paragcaph 16, "Iiazardous Substances" are those substaaces defu►ed as toxic or hazardous . - �� � .•�� �
<br /> � ' `Jlt;}'� �.
<br /> substances by Environmental Law and the following substances:ga�oliae.kaosene,other flammable or toxic petroleum � i
<br /> praducts, wxic pesticides and habicides. volatile solvents, materials con�ining asbestos or fommaldehyde, and
<br /> .? ;�^ ` . .
<br /> radioactive materiaLs. As used in this pa�agc'aph 16. "Environmenial I.aw" means fedaal laws acid laws of the . �; :"
<br /> jurisdictinn where the Properiy is located that relate to health,safery or environmental prote�tion
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<br /> NON-UN�ORN�COVENAN'TS.Borrower and I.ender further covenant and agree as follows: . .;i ; �
<br /> 17.Assignment of Renig.Borrower unconditionally assigns and transfers to 1..ender all the rents and revenues of •� y = ��+� ,
<br /> the Property.Borrower suthorizes Lender or Lender's ageats to collect tl�e rents and revenues and h�eby directs each . : .��r •`�;�� _
<br /> tenant of the Property to pay the rents w Lender or Lende,r's agents.However,prior to Leuder's notice w Borrovier of t � ' . 't
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<br /> '� Borrower's bseach of any covenasit oz agreement in the Sec�uity Insuument,Bonower shell collect and receive all rents - -����L:- .
<br /> and reveuues of the Propeaty as uustee for the benefit of I.ender and Borrower.'Ihis assignment of rents wnstiwtes an ��
<br /> w;..y ..'�> ;r°
<br /> � ��� absfliute assignment and not aa as.agnmenc for additional securiry only. :�'�
<br /> If Lender gives notice of breach w Borrower:(a)all rents received by Botrower shall be held by Borrower as .�"''" _ �.�-
<br /> . trustee for 6enefii of I.ender only,to be applied to the sums sacured by the Sec�ity Insuvmen� (b)1.ender shell be • '� ` —
<br /> ' entifled w collect and receive all of the rents of the Froperty;and(c)each tenant of the Propeny shall pay all rents due ,� '' _, �`_�
<br /> and unpaid to Lender or Lendea's agent on Lender's written demand w the tenfu�t •: %���=��` �.
<br /> ' � Borrowa has noi executed any prior assignment of the renu and has not and will not perform any act that wautd •r�F��Y'~_•
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<br /> � . prevent Lende,r from exercising its righis nnder this P�B�Ah 17. �:;;;�';.�''•'���_
<br /> . ' Lender shall not be required w enter upon,take conirol of or maintain the Roperty before or aftec giving notice of -- —
<br /> breach to Borrower.However,Lender or a judicially appointed receiver may do so at any time ihere is a breach.Any • - � '��"��'-
<br /> � application of rents shall not cure or waive any default or invalidate auy ofhea right or remedy of Le,�der. 'Itiis � �''���� _
<br /> � assignment of rents of the Property shall terminatc when the debt setured by the Security Insuumen2 is paid'u►full. ``� �°-
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