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<br /> 13.PioUces. Any notice to Borrower pmvided for in this Security Instrument shall be given by delivering it or �`• _ a-
<br /> � by mailing it by first tlass mail unless applicable law requires use of another tnethod_The notice shall be directed to . . �
<br /> the Property Address or any other address Borrower designates by notice to l.ender_ My notice to Lender shall be ='
<br /> given by first class mail to I.ender's address stated herein or any address Lender designates by notice to Borrower. , _ _
<br /> . . Any norice provided for in this Security Instn�ment shall be deemed to have been given tv Borrower or Lender when ` ,:_.'`�=
<br /> given as provided in this paragraph. ' �,""�`:
<br /> 14.Governing Law;Severabll(ty.This Secauity Instrument shall be govemed by Federal law and the law of . `�.����
<br /> � the jurisdiction in which the Property is located. In the event thai any provision or clause of this Secvriry Insuumenc , . • -_ --;-g-_
<br /> : � or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Insuumeat or .. ,:�;�._
<br /> the Note which can be given effect without the conflicting provision. To ttris end the provisians of this Security }� '-
<br /> � ' Instrument and ihe Note are declared to be severabte. .-'•� `' � T�'
<br /> L � 15. Borrower's Copy. Borrower shall be given one confosmed copy of the Note and of this Security �'".�`��
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<br /> Instmment. �+-.,��
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<br /> � . . � 16. Harardons Snbstances. Boaower shall noi cause or permit the presence,use,disposal,storage,or retease � .� �'�
<br /> `�'°� ` .
<br />' of any Hazardous Substances on or in the Property. Borrower shall not do,nor allow anyone etse to do,anything . ` _,�.��,, .
<br /> • . ` � a f f e t t i n g t h e P r o p e rt y t h a t i s i n v i o l a t i o n o f an y E n v i r o n mental Law. The precedin g two sentences shall not apply to '"'"' - ��,�_
<br /> the preseuce, use, or storage on the Property of small quanaties of Hazardous Substances that are generally ` ' '""'=- "'"
<br /> ��-_:_.
<br /> � rerognized to be appropriate to normal residential uses and to maintenance of the Properry. � ,�—=°
<br /> . -' Bonower shall prompdy give Lender written notice of any investigation,claim,demand,lawsuit or other action ,;`;� r�
<br /> • . by any goveminental or regulatory agency or private parry involving the Property and any HazaMous Substance or , �•
<br /> � �_
<br /> Environmental Law of which Bocrower has actual knowledge. If Borrower learas,or is notified by any govemmental `.�;�.�-.�� . ,
<br /> ' ' or regulatory authoriry. that any removal or other remediation of any Ha7ardoas Substances affecting the Properry is �_;�,;•`-� - -���. , ,.�
<br /> � .�+^ necessary.Borrower shall prompdy take all necessary remedial actions in a�ccordance with Environmental Law. ,.� �y�, ,: ._
<br /> � .' qs used in tlus paragraph 16, "Hazardous Substances" are those substances defisied as toaic or da�ardous
<br /> � ..� .� ._...
<br /> , substances by Environrnental Law an d t he fo l lowing su bs t a nces: g a s o l i n e, k e r o s e n e. o t h e r fl a m m a b l e or toaic � ,��; ,
<br /> petroleum products,toxic pesticides and herbicides,volatile solvents,materials wntaining asbestos or formaldehyde, j ,`., �
<br /> . and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the �.�•' ..,�' .�
<br /> jurisdiction where the Froperry is located that relate to health. s a fery or environmen t a l pro t e c tion. • - �k�. �
<br /> NON-UMFORM COVENANTS.Borrower and Lender further wvenant and agree as follows: � �: � - � .��;�;:_
<br /> 17.Assignffient of Re�s.Bonower uncondirionally assigns and ttansfers to Lender all the renu and revenues : ; _�—
<br /> _��_>
<br /> �� • � of the Property. Bonower authorizes Lender or Lender's agenu to collect the rents and revenues and hereby diretts �
<br /> �• each tenant of the Properry to pay the renu to Lender or Lender's agents. However, prior to Lender's notice to .:• _
<br /> • Borrower of Borrower's breach of any covenant or agreement in the Security Instrument.Borrower shall collect and �-�� ., V
<br /> . •� re�ceive all rents and revenues of the Pmperty as trustee for the beneftt of I.ender and Borrower.This assig�ument of -��
<br /> ." rents constimtes an absolute assignment and not an assigmnent for additional security only. " '_ �.��
<br /> . . If Lender gives nouce of breach to Borrower: (a)all renu rereived by Borrowet shall be held by Borrowet as �_��,,.�-;
<br /> • trustee for benefit of Lender only,to be applied to the sums secured by t6e Security[nstrurnent;(b) Lendet shall be ��, ,... - "
<br /> enritled to callect and receive all of the renu of the Property;and(c)each tenant of the Property shall pay all rents �.5=
<br />• . due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. �-_- � --'�__
<br /> Borrower has not executed any prior assignment of the rents aad has not and will not perform any act that would `- ' -�-�-•-
<br /> A..� ni ' 1r c nh C 1 C TA Oo �ii�.'
<br /> .. p,cv�,;t Le;�...,�:a:a�zes��l^a IL..liy.S..1IIdP_*tlll_r..*T rAph 17. F:.<•�•-ui��:.��aer
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<br /> Lender shall not be required to enter upon.take control of ar maintain the Property before or after giviag notice " .�� �-_;
<br /> of breach to Borrawer. However. Lender or a judicially apgointed receiver may do so at any time there is a breach. -=�-'-'.'��' ��`�;�,r.
<br /> � . Any appliration of rents shall not cure or waive any default or invalidate any other right or remedy af I.ender. This �°'�+'� """�":
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<br /> • � assignment of rents of the Properry shall terminate when the debt secured by the Securiry Instrument is paid in full. - -_r�_,u.. _
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