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<br /> � . � � � F� . � � � . . .
<br /> �, .- � _ .ic':�.
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<br /> eonftkts with applx8bls�aw.such eontlict shail not eHect other provisbns ot this 3eeurity�nstrument or the Note whiCh Cen be ,
<br /> :` i_�.
<br /> � given eftect without the confGeHng prov+sion•To thfs end the provisions of this SecuritY InsVUment end ths Note are dectared to _
<br /> be s8veteDb. ��- --
<br /> � 15. B�rrower's Copy. Bortower shAt!b�phr� one eonfo�mad copy af the IVOte end Of thEs S�eurkyr Instrument ; _ ' ;,:.�
<br /> 15. Hazerdous Subatances. aorrower anau no� cause or�rmrt cne o��e. use. dsvosab stora�,or re�ase ot� ' �r�;<
<br /> �� any Hezerdous Slibstanee� on or h ths Propar4y Bortower shaD not do, nor elbvi enyone etse to do, enything eifectin0 the� i ' , v
<br /> . ._„
<br /> Proparty that Is tn vtotetion of any EnvYOnmental Law. The pcecedin9 two sentences S1�ali not appiy to tha presence. use, or�
<br /> storage on the Property of smaU quantitias ot Hazardous Substsnces that aie genera�H reco6�i�d to be appropriate to nortnal � ;
<br /> restdenttal uses end to mahtenenee of tfie PropertY• � � • �
<br /> Bortower shall prompUy gi+re Lender wrhten notice of any investiyatlan, claim, demand, tawsuR or other actton by eny� �
<br /> govemmental or regulatory agencY or private GartY hvotving the PropeRy and any Harerdous Subsffince or EnvironraeMai Law o - � •
<br /> i
<br /> which Bortower l�as actua� knowiedge. If 8orrower teams, or 's notified by eny goverrtmental o� regutatcry authority, that en i �
<br /> removal or other remediation of any Ha�rGaus Substances aftecUnB the PropeRy ts necessary, Bortower shali promptry ttUce alf� � ^ . _
<br /> � necessary remediai actions in accoMance wdh Envtronmental Lsw. ,� ,
<br /> As used in this paragraph 16,'HararQous Substences'ere thase substances defined as tmdc or�a�ardous subsLances by __
<br /> Environmental Law and the fottowhg substenaes: geso�ns, kerosene, other flemmebie or twdc petroieum products. toxic ,,,�
<br /> pesticldes and hsrbickfes.volat�e sohrents.materiels contelnhp asbestos or tortnaldehyde.and radioacUve materfais.As ussd in , . , -.
<br /> ' the parapraph 16, 'Envfronmental Law' means tederal hws and laws of the jurfsd�tton where the PropeRY is locatad that re(ate . _ �-�
<br /> m heaRh,safety or ertvtronmantal protectlon. �, V ,
<br /> � . , . ,
<br /> NOA4IJNIFOFIAA COVENANTS.8ortower and Lender turttter covensnt 8nd apre9 es toliows: . �
<br /> 17./laaignmeM o4 Renta. eorrower unconda�ana�ty ass�gns and aansters eo i.ender au me ren�s ana revenues ot me - R � _
<br /> PropeAy.Bortower suthorizes L.ender c►�enders agents to col(ect tne reMS and revenues and hereby directs each tenant of the , , ` � ��-�
<br /> Property to pay Ne rents to Lender or Lender's egents. Howev6r. pdo►to Lender's rtotk:e to Borrower of Borrower's breaah ot � _ �\, ._ ',�—-
<br /> any covenant or agreemBnt n the Secur�y �nstrument, 8ortower sha8 Coliect end recehre al�renls end revenues of the Property . . • '��=-�
<br /> � - -•-:.�s�
<br /> as bustes for the ber.efit of Lender and Borcower. This assianment of rents constitutes en absolute asstgnment and nat an . , �
<br /> assignment for add�ionat SeCUrfty ony. ;� ,
<br /> . .. r,�
<br /> 1}Lender gives noUce ot breach to Bocrower. (&)eU rents recelved by Borrower shaU be held by Borrower as Uustee for }��_�4
<br /> beneflt of Lender onry,to be appliad to the sums secured by the Security lnstrumenk (b)Le�der shfla be entRfed to collect snd ' � i . —.
<br /> . -�. . • �'
<br /> receive a0 of the rents of the Property; and (c)each tenant ot the PropeRy sha0 pay aii rents due and unpaid W Lender or . � ; _ , , . , ' �•
<br /> Lenders agent on Lendefs written demand to the tenan� . � L`. , �
<br /> Borrower has not executed any prior BssiQnment ot the rants end has not and wi9 not perform eny aCt that would proveet . ' ��� ��� `.
<br /> lender from eueroisinp RS tiIIhts under thfs PBrsQraph 1J. � �r.
<br /> Lender sheit not be requted to enter upon.teke control of or maintatn the PropeRy bafore or after pivhp not�e of braech to . , ,�•;,�
<br /> ' on of rents � ' . ',�'�..�� �
<br /> Bortower. Howevet, Lender Or 8 judiCiflllyt 8ppohted recehter m8y do s0 8t eny t6ne Utste is e br0&Ch. My epPLCaU . . �' , :;p
<br /> � shaU not cure or wahra eny detauft or invalidate eny othar �Ight or remedy of Lender.Th(s essignment of rents ot the Properp/ :`�,' ���` �
<br /> sha0 terminate when the deht s8cured by the Seeun'ty Instrument is paid fn fufL ' �t` �
<br /> � � 18. Forectosure Pirocedure. if Lender requires immediate payment in tu0 unde� Paragraph 9, _ : _,�� J _��
<br /> � Lender may Invofz� 4he po�vcr ot csle and any other �emedtes perm[3ted by� npplicabte Isw. j_�, .: ___
<br /> � Lender $hall be entttted to cotlec�t all expensea Incurred in pursuln� the remedies provided in --
<br /> i��-
<br /> :i�t .'-�- -_
<br /> �' � thls Perapraph 18, inctuding, but oot limited to, reaaonaf�9e attorneys' tees and costs of titde ,�-�
<br /> � ;=�:-,�
<br /> �. � evidence. �'�
<br /> tf the power ot aale 18 invoked, Trustee ahap record • noUce ot detault in eaah county in • s w__,�
<br /> ' which any part of the 6�►operty is tocated and ahali mall co7�lea of such notice in thce�mte � —_-
<br /> �'• prr�cribed by applQcei�te law to Borrower and to ttee other penons prescribed by app • Y___ —
<br /> � � ARer the Ume requtred by applicable law,Trerstee shall �tve publtc notice of ssle to the peraons � . ',•T�-_-
<br /> ;� and in the mannea p��sc:ibed by applicabla law. Trustee� without demand on Borrower,st�ali sell - �;. -; .. -
<br /> the Property at pubtic auction to the htghest bidder at the Ume nn� place and under the terms _ _.. _
<br /> desl�nated In the nottce ot u�l� 1� on�e or mare ptueeta and in any o�der Truatee determinea . , _ �
<br />. Trustee may postpane safe of all or aay percel of the Property by public announceme�t at the . . � �":,
<br /> ��. Ume end place o! any previauely schedule6 aale. Lertder or Ifs dealpnee may purchase the . , `� �
<br /> Property at any aate. .
<br /> Upon recelpt of payment of tho price bld, Truatoe ahall delave� 4o the purchaser Trustee's =
<br /> deed conveyin� the Property. The �ecttats in the Trustee's deed aha�� be prime facle evtdence of .. . .,
<br /> the truth o! the stntere�ents made theretn. T►ustee shsll apPtY the proceeds of the tate in the . � ���
<br /> . followin� order: (a) t� aD coats anA e�enses of exercisinp the power of aate� and the aale, . , F.,. .:
<br /> Inctudin�the payment ot the Trustee'a tees ectualty IncurreA� not to exceed 3 `N+ .
<br />• ot the principal emount of the note at t1�e tlme o4 the declaraUon ot deteu(t, and reasonable �
<br />. attorneys' tees es permttted by law; (b) to atl cumg E2cu�e9 by this Secur(ty Instrument; and (cj
<br /> eny excess to the peraon or pe�aons tegally entiUed to tt ��
<br /> It the Lender's interest i� this Security I�atrume�t ta hetd by the Secret�ry and the Secretery
<br /> requires immedlete payment in full un�er Psapraph 9, the SecreZary may invoke the r�or�judictal � ' . _"
<br /> power of aale provtded In the Single Famity Mortga�e Foroclosure Act of 1894 ('Acf") (12 U.S.C. . . _ _
<br /> 3751 e��q.) by requeating a tareeloaure commlaatoner dealgne4ed under the Aet to commence �
<br /> torecloaure and to aell the PropeKy ns provided in the AcL Nothin� in tha precedin� aentence �
<br /> sha0 deprive the Secre4ary of any Mghte otherwtae avaliable to a Lender under this Paragraph 18 � �`
<br /> ' or apppcaDle taw. I � —
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<br /> � 19. Reconveyance. Upon payment of ad sums secured by thLs Security Instrument. Lendel ShBA request Trostee to p I._,
<br /> j reconvey the Property and shetl surrender thb SecurAy Instrument and a0 notod evldencing deb! securod by thls Securriy
<br /> j Inswment to Trustee.Trustee sha�roconvey the Proporty without wnrranty and wkhout chatge to the person or persons legaQy
<br /> 1 entiUed to i�Such person or persons sha0 pay eny recotdattfln costs. � �
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