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<br /> : 13.NotFces.Any notice[o Borrower provided for in this Securiry Instrument shail b�e given by deliveri�g it or , � ; • . =
<br /> ; by mailing it by first class mail unless applicab:e laa requires use of another rnethod. The nocice shall be directed to ". ` ° ��` =
<br /> ! the Property Address or any other address Borrower designates by aotice to Lender. My notice to I.ender shall be • , ' �. , � -
<br /> , � given by first class mail to Lender's addmss stated herein or any address Lender designates by notice to Borrower. ,. , �
<br /> • , Aay notice provided for in tttis Security Instrument shall be deetued to have been given to Borrower or Lender when f � �,. • ,
<br />:-= g:�.�,a�gsac;��3'sn t�i Fsrs�"„F�• L_,:._._°TT`.
<br />. _ �< 14. Governing Law; SeverabilIty. This Security [nsuument shall be governed by Federal law and the law of ` ; �,��-
<br /> , - [he jurisdicaon in which[he Property is located. Ia the event that any provisian ar clause of this Secvriry Instn:meat - -=- - ---
<br /> • or the Note conflicts vrith applicable law, such conflict shall not affect other provisions of this Securiry Insuument or � . , __
<br /> • ' the Note which can be given effecc withont the conflicting provision. To this end the provisions of this Securiry � . � ,': �
<br /> '� � lnstniment and the Note are dec=ared to be severable. � ---" �� �'
<br /> 15. Barrower's Copy. Borrower shall be given one conformed copy of the Note and of this Seturety '.�-��*�.n< : Y-
<br /> . : Insuument. : . __,;.�:-!
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<br /> 16. Ba7ardflus Substances. Borrower shall not cause or permit the presence,nse,disposal,storage,or release , '• �St.-�_ —
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<br /> y of any Hazardous Substances on or in the Froperty. Borrower shall not do, nor allow anyone else to do, anything t -���; -�=
<br /> � affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply[o ' . �
<br /> the presence, use, or stomge on the Property of small quauaaes of Hazardous Substances that are generaUy , ����'3
<br /> ��'?�Rt"i.
<br /> � cecognized to be appropriace to normal residenual uses and to maintenance of ttce Property. ' �`
<br /> Borrower shall promptly give Lender written notice of any investigation,claim,demancl,lawsuit or other action �•� "..���
<br /> � b an overnrr►ental or re o a or rivate mvolvin the P e and an Hazardous Substance or � x'-=��r
<br /> Y Y g 8� lY g�5' P PaTty� g t'aF nY Y s •: �:.•.__�
<br /> __ Environmental law of which Borrower has actual knowledge. If Borrower learns,or is noufied by any governmental - ��..=
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<br /> • or regulatory authority,that any removal or other remediation of any Hazardous Substances affecting the Progerry is •._:.°_..,., � -_
<br /> necessary,Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. -�-.:;���_�°*�
<br /> As used in this pazagraph 16, 'Hazardons Substancxs° are those substances defined as toaic or hazardous f' •• _��'
<br /> substances by Eavironmental Law aad the following substances: gasoline, kerosene, other flammable or toxic � ��"� �j ` .a
<br /> � peuoleum products, toxic pesticides and herbicides,volatile solvents, materials containing asbestas or formaldehyde, � � ____
<br /> ;- and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and Iaws of the _1 Y.- ;;' �.=.�
<br /> jurisdicuon where the Property is located that relate to health,safety or environmental protectioa. �'�� • - _
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<br /> � NON-UNIFORM COVENANTS.Borrower and l.ender further covenant and agree as follows: � � ,;� •': _
<br /> 17.Assignmeat of Rents.Borrower unconditionally assigns and transfers to Lender all the rents and reveaues -y �_� j. , ;= �
<br /> of the Property. Borrower autDorizes Lender or Lender's agents to collect the renu and revenues and Taereby directs � .'r.: ' ;.��'� <' " _
<br /> ' each tenant of the Pro�erty to pay the renu to Lender or Lender's agents. However, prior to Lender's noiice to �'^.°�""� ;'� ;!'�' '
<br /> Borrawer of Borcower's breach of any coveaant or agreement in the Securiry Instrument,Borrocver shall coltect and �i
<br /> �� receive all rents and revenues of the Property as tn�stee for the benefit of Lender and Borrower. This assignmeat of ����. f`;''��-
<br /> � ' rents constirutes an absolute assignment and not an assignment for addirional security only. --
<br /> If Lender gives norice of breach to Bonower: (a)all rents received by Bonower shall be held by Borrower as � `"` ,
<br /> trustee for benefit of Lender anly.to be applied to the sums secured by the Securiry Instrument;(b)Lender shall be ; .�,r,� ,
<br /> enrided to collect and receive all of the rents of the Properry;and(c)each tenant of the Progerty shall pay all renu � -� �'�'- -__
<br /> � due and unpaid to I.ender or I.eader's agent oa I.ender's written demand[o the tenant. ��_ _ _ '�
<br /> �_ Borrower has not executed any priar assigament of the renu and has not and will not perform any act that would €=�� ---
<br /> prevent Lender from eaercising Iu righu under this paragraph 17. , � —�;-�=
<br />� Lender s6at1 not be required to enter upon,take contral of or maintain the Property before or after giving notice " - -----�
<br /> of breach to Bonower.However, Lender or a judicially appointed receiver may do so at any time there is a breach. '' ' ° -- - --
<br /> . � Any application of rents shall not cure�r waive any defaWt or invalidate any other right or remedy of Lender.This �����_:
<br /> .� � assigament of rents of the Property shall teaninate when the debt secured by the Security lnstrument is paid in full. "''�'�����
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