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<br /> 13.NotIces.Any notice to Borrower provided far in this Security Instnur►ent shall be given by delivering it or � � } �'
<br /> by mailing it by fust class mail unless applicable law requires use of another method. The notice shall be diretted to , •• . . .
<br /> the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shail be ---
<br /> given by first class mail to Lender's address stated herein or any address Lender designates by aotice to Boaower. < , � i'
<br /> v beea iven co Borrower or I.ender when � •
<br /> Any notice provided for in this Security Inscrument shall be deemed to ha e g . _
<br /> given as provided in this paragraph. � . . . .
<br /> 14, Goveraing Law; Severability.This Securiry Instrument shall be gavemed by Federal law and the[aw of , .
<br /> the jurisdiction in which the Property is located.In the event thu any provision or clause of this Securiry insuument ,� . �-- -' -
<br /> •'::jir�,'
<br /> • or the Note conflicts with agplicab2e law,such wnflia shall not affect other provisions of this Securiry Insuument or ,,,;,.. ,
<br /> the Note tvhich can be given effect without the conflicting pmvision. To this end the provisions of this Seauiry .. " "
<br /> _�
<br /> Inswment and the Note aze declared to be severable. . ��.��n_
<br /> I5. Borrower's Copy. Borrower shall be given one conformed copy of the Noce and of this Securiry ' ,i''�'�?"""��`
<br /> ��-,-,-
<br /> � Insuument. - ��''`�,�:�`-�`: '
<br /> � 16. H�rdo�s Substaaces. Boaower shall not cause or pemrit the presence,use,disposal,storage,or release • �n.��?�.,_ ;�-
<br /> of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything - • _ ;�.�-;�
<br /> affeciing the Property that is in violation of any Environmental Law. The preceding two sentences shail not apply to ��� ��}�
<br /> the presence, use, or storage oa the Property of small quantities of Hazardous Substances that are generallY . . '' � "`"''�'� `
<br /> recognizQd to be appropriate to normal residential uses and to mainteuance of the Property. : -� -�� '�--
<br /> Borrower shall prompdy give Lender written notice of any investigazion,claim,demand,lawsuit or other aaion
<br /> by any govemmental or regulatory agency or private party involving the Properry and any Hazardous Substance or . t '
<br /> Environmental Law of which Borrower has actual IQtowledge. If Borc�wer leams,or is notified by any govemmeatal . :
<br /> .:..,.;
<br /> • or regulatory authority,that any removal or other remediation of azry Ha�ardous Substances affecting the Property is .-. .-
<br /> • necessary,Borrower shall prompdy take all necessary remedial actions in accordance with Environmental Law. ; _.�� �
<br /> , i As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or ha7ardous ..' •����f =
<br /> substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic � ��� '�', �
<br /> i�:,., .
<br /> peuoleum products,toaic pesricides and herbicides,volatile solvents,materials containing asbestos or formaldehyde, � �' ..i' �-
<br /> a n d r a d i oactive materials. As used in this pan g r a Ph 16, 'Envir�nmen[at Laa"means federal laws and laws of the .:�.':,��'� �. _.
<br /> � k. �
<br /> � jurisdiction where the Properry is tocated that relate to health,safety or environmental protection. �T` �•�i� •
<br />_ _ '"�, 1.f. `
<br /> NON-UNIFORM COVENANTS.Bonower and Lender further covenant and agree as follows: � �� � `��• �
<br /> _ �',:.���. _.. ,�:
<br /> . 17. Asstgnment of Rents.Bonower unconditionally assigas and transfen to Lender all the rents and revenues , ���,`
<br />. . of the Property.Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby d"uecu •� - �—,=�°-
<br /> each tenant of the Property to pay the renu to Lender or Lender's agents. However, prior to Lender's notice to �y •_ .��'�:*=�
<br /> ' Borcower of Borrower's breach of any covenant or agreement in the Security Iastrument, Borrower shall collect and �� —
<br /> � receive all renu and revenues of the Property as uuscee for the benefit of Lender and Boaower.This assignment of � =-:
<br /> rents constitutes an absolute assignment and not an assignment for additional seca�rity only. ' r r
<br /> If Leuder gives notice of breach to Borrower. (a)a l l renu receiv e d by Borra w e r s h a ll b e h e l d b y B o r r o w e r a s ��°_
<br /> .:�L------9
<br /> trustee for benefit of I.ender anly.to be applied to the swns secu�ed by the Security Insuument;(b)Lender shall be �,,,��g,_,, -
<br /> - eatided to collea and reeeive aU of the rents of the Properry;and(c)each tenant of the Property shall pay all rents � __-'---��..-----_
<br /> : �:.. _ ., .
<br /> ' due and unpaid to Lender or Lender's agent on l.eader's written demand to the tenant. • .:.,y� t=c�-� _
<br />'. . Boaower has not executed any prior assignment of the rents and has not and will not perform any act that would � - _ _ -_ �
<br /> prevent Lender from exercising its righu under this paragraph 17. `ti��=�°�
<br /> Lender shall not be required to enter upon,take control of ar maintain the Properry before or after giving notice j���.�
<br /> of breach to Boaower. However. Lender or a judicially appointed receiver raay do so at any time there is a breach. " � �`�ir •
<br /> i Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender.This i� �, ; :•.'��. �
<br /> �� assigament of rents of the Properry shall terminate when the debt secured by the Securiry Instrument is paid in full. : �' �
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