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<br /> . . 13.NIotIces.Any notice to Borrower provided for in this Security Insuument shal�e given b�deliv�nn�g�or � ; ,. ' 4 �
<br /> .-� by mailing it by fust class mail unless applicable law requires use o f ano t her m e t h o d.T h e n o t i c e s h a l l b e d i r e c t c d t o .
<br />. the praperty Address or any other address Borrower designates by notice to L,ender. Any notice to Lender shall be _� ' _ _ �i__
<br /> • given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. � ��
<br /> '; Any norice provided for in this Securiry Instrument shall be deemed to have been given to Borrower or Lender when � � �.•� ,
<br /> given as provided in this paragraph- . , �.�
<br /> 14. Governi�g Luw; Severability. T6is Securiry Instrument shall be govemed by Federal law and the law of `�,. ,�
<br /> : the jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry Insavment , '�
<br /> ' . or the Note conflias with a}�Plicable law,such vonflict sha11 not affect other provisions of this Security Instruraent ar •,r ,:'�_-�
<br /> the Note wluch can be given effect without the conflicting provision. To this end the provisions of this Security • . °_
<br /> ; Insuument and the Note az+e declared to be severable. �•�,"``�'��.r
<br /> 15. Bnrrower's Copy. Barrower shall be given one conformed copy of the Note and of this Security ...�.,�:-�.,;,�
<br /> � Instrument. ' �,i . : '��r-..
<br /> 16. H�zardous Substances. Borrower shall not cause or permit the presence.use.disposal,storage,or release �` '
<br /> � =;���; �'�-. :.
<br /> of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything � . . � '�C�
<br /> _=�`'-":==
<br /> ' �{��$��p�perry that is in violation of any Fa►vironme�tal Law. The p�ing two setrtences shall not apply to : �,��z. �,.�_
<br />,. the presence, use, or storage on We Properry of small quaniities of Hazardous Substances that are generalty . � Y �, ��''^°'�'_'
<br /> ;.,'j recognized to be appropriate w normal residential uses and to mainteuancc of the Property. ���- --�� �� :'_ '�=_—
<br /> . a � .�
<br /> � Borrower shall promptly give Lender written notice of any investigation.claim,demand,lawsuit or other action r
<br /> , + by any governmental or regulatory agency or private party involving the Pcoperty and any Hazardous Substance or
<br /> .� Environmental 1.aw of which Borrower has actual lmowledge. If Borrower leams,or is aotified by any governmental ' _ :A�
<br /> --�' or regulatory authority,that any re�oval or other rem e d iation o f aay H a z a r do a s S u b s t a n c e s a f f e c t i n g t t►e P c o p e r ty i s _ '• � �'� ;, '�
<br /> .� • T� �= .
<br /> . necessary,Borrower shall promptly calce a11 necessary remedial actions in accordance with Environmental Law. .�� ._... -
<br /> • p�s used in this paragraph 16. "Hazardous Substances' are those substanc.es defined as toxic or hazardous . ,,a ' f:
<br /> substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic 5 N�' �
<br /> petroleum products,toxic pesdcides and herbicides,volatile solvenu, materials containing asbestos or formaldehyde, • ;;, '� �'f'�
<br /> �: and radioacrive materials. As used in this Paragr'dPh 16, "Environmental Law" means federal laws and laws of the '.� .� —
<br /> jurisdiction where the Property is located that relate to health.safety or environmental protection. "'���'� -�'�? �-
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<br /> NON-UMFURM COVENANTS. Borrower and Lender fiuther co�enant and a$ree as follows: •.z:-.. � - _
<br /> � 17.Assigitnent of Rerts.Borrower nnconditionally assigns and transfers co Lender all the rents and reveaues '?°�""' 4�, ' _.
<br /> ' of tine Property. Boaower authorizes l.ender or Lender's agenu to collect the renu and tevenues and hereby directs �� ;�;� s t.
<br /> rize
<br /> ��"�-
<br /> . � each tenant of the Properly to pay the rents to I.ender or Lender's agents. However, prior to l.ender's notice to _^ ...
<br /> ' �- Bonower of Borrower's breach of aay covenant or agreement in the Security Insuumeat,Bonower shall wllect and �t�,� , ,.:���,�.,�;
<br /> receive all rents and revenues of the Properry as m�stee for the benefit uf Lender and Borrower.This assignment of • .���� *=%;;,;,`�=�_`
<br /> _ • °�?'-.. �_
<br /> � ' rents canstimtes an absolute assi�ment and noi an assignment for addidonal security anly ;�,-�_--
<br /> If I.ender gives notice of breach to Borrower. (a)all renu received by Borrower shaSl be held by Borrower as ''�'�`
<br /> ...�� ,�'
<br /> � .. uustee for benefit of Lender only.to he applied to the sum.secured by the Security Instrumeat;(b)Lender shall be ,Y���
<br /> � entitled to collect and:xeive all of the rents of the Property;and(c)each tenant of tht Property shall pay all rents � ° __
<br /> -:�` : : �__
<br /> due and unpaid to Lender or Lender's agent on L.ender's written demand to the tenant. �_-__—_ —
<br /> Boaower has not executed any prior assignment of the renu and has not and will not perfonn any aa that would �.���
<br /> . �t;:-,.... �
<br /> - prevent Lender from eaercising iu rights under this paragraph 17•
<br /> l.ender shall not be required to enter upon.take conuol of or maintain the Praperty before or after giving notice "��_,_
<br /> �`��� �' .�
<br /> � of breach to Boaower.However. Lender or a judicially appointed receiver may do so at any time there is a breach. •..,, ,-���- , -
<br /> . .•:.-.�
<br />� Any appSication of renu shall not cure or waive any default or invalidate any other right or remedy of L.ender.This ";���:�..,_���,�,.��--�
<br /> assignment of renu of the Property shail terminate when the debi secured by the Security Instn�meat is paid in full. _ „ _
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