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<br /> � � 13.Nottces. Any notice to Borrower provided for in this Securiry Instrument shall he given by delivering it or '' . • , '
<br /> by mailing it by firsi class mail unless applicable law requires use of another method. The notice shall be directed to � ��__:�-
<br /> J f the Property Address or any other address Borrower designues by notice to L en de r. A n y n o t i c e t o L.e nd er shall be { ,- - ,; -
<br /> . � given by first ctass mail to Lender's address stated herein or any address Lender designates by natice to Borro�ver. 4 .
<br /> . Any noace provided for in this Security Instrumznt shall be deemed to have been given to Borrower or Lender when "��
<br /> � given as provided in this paragraph. . . _ .... _
<br /> � 14. Governing La�e;Severa6Ility.This Securiry Instniment shall be governed by Federal law and the law of . • .
<br /> '.'� the jurisdiction in which the Property is lacated. In the even[that any provision or clause of this Securiry Instiument , , , _s;_y�-
<br />. �s or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Securiry Instrument or , . �:..�_
<br /> ,�� the Note wluch can be given effect without the contlicting provision. To this end the pmvisions of this Security - . , �;�;�,.---
<br /> . Insuvment and the Note are declared ta be severable_ � � �� �
<br /> 15. Borrower's Copy. Horrower shall be given one conformed copy of the Note and of this Security � �'����
<br /> �,;.�:�
<br /> Instrument. , '_-_=�"�� .
<br /> • 16. Hazardous Substauces. Borrower shall not cause or permit the presence,use,disposal,storage.or release L . .��;M.�,;,�_
<br /> ' of any Ha�ardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do. anything � , '
<br />' affecting the Property that is u►violauon of any Environmental Law. The preceding two sentences shaU not apply to . . _
<br /> the presence, use, or stonge on the Property of small quanrities of Hazardous Substances that are generally ____ �- 'h��=.
<br /> � reco to be a ro riate to normal residential uses and to maintenance of the Properry. . ' � �` � + �"
<br /> P� PP P �.��—,, -
<br /> Borrower shall prompdy give Lender written notice of any in v e s t ig a t i o n,c l a i m,d e m a ad.lawsuit or other action _ ---
<br /> � by any gavemmental or regulatory agency or private party involving the Property and aay Hazardaus Substance or ...: �
<br /> Environmental Law of whic6 Borrower has actual Imowledge. If Borrower leams,or is nodfied by any govemmental - �'w� _
<br /> �� or regulatory authority,that any removal or other remediation of any Hazardous Substances affecting the Property is �. ' .
<br /> necessary,Borrower shall pmmptly take aU necessary remedial actions in accordance with Environmental Law. __a�•_• :!�,_; _ _
<br /> ps used in [his paragraph 16, "Fla7ardous Substances° aze those subs[ances defined as toxic or hazardous :',�:�� +k �• ,
<br /> substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic :';�� , -���', �
<br /> peuoleum products,toxic pesticides aad herbic�des,volatile soivenu,materials wntaining asbestos or famnaldebydc, - :_}��. �� ��' _-.-
<br /> and radioaciive materials. As useii in this paragraph 16. "Environmental Law" means federal laws and laws of the - �' f
<br /> jurisdiction where the Property is located thaz relate to health,safety or environmental protection. . �� ' � �:'{
<br /> 4��� '-;�-�.
<br /> NON-llNIFORM COVETVANTS.Borrower and I.ender further covenant aad a�ree as follows: _ �' t;•
<br /> . 17. Asslgnment of Rents.Borrower unwnditionally assigns and transfe�s to l.ender all the rents and revenucs , "� x±�r-� � �• ,"
<br /> of ti�e Property. Boaower authorizes Lender or L.ender's agents to wllect the renu and revenues and hereby dire�cts `;�= 'c.�-,.;
<br /> each tenant of the Properry to pay the rents to I.ender 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.Boaower shall collect and '�"" _ .-
<br /> receive all renu and revenues of the Property as m�scee for the benefit of I.ender and Eoaower.This assignment of �"��
<br /> rents constitutes an absolute assignment and not an assignment for additional security only. ,.����'�� -'
<br /> Ii Lender gives notice of breach to Borrower. (a)all rents received by Boaower shall be held by Boaower as `����",�,��
<br /> trustee for benefit of Lender only,[o be applied to the sums secured by the Security Instniment;(b)Lender shall be tiE���r���:��
<br />. � entitled to collect and receive all of the rents of the Property; and(c)each cenant of the Property shall pay aU reau ,. '_ ,:��
<br /> due and unpaid to Lender or l.ender's agent on Lender's written demand to ah�tenant. ' �:��:1���;-
<br /> Borrower has not eaecuted any prior assignment of the rents and has not and will not perform any act that woWd ' ,,,
<br /> �` —
<br /> prevent Leader from exercising its righu under this paragraph 17. ;;�•+�.:�•.;,.
<br /> Lender shall not be required to enter upon,take control of or maintazn the Properry before or aRer giving notice 4 y -�� ;
<br /> • of breach to Boaower. However.Lender or a judicially appointed receiver may do so at any time there is a breach. • ���=°-,�- •°
<br /> Y aPP. Y Y S� Y �;�?}i,�i •• --
<br /> An licarion of rents shall not cure or waive an default or invalidste an other ri t or remed of Lender.This -�--�_�• -;,.-�=�-
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<br /> assi ent of rents of the Pro shall terminate when the debt secured by the Security Instrument is paid in full. � , �;;y_ _
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