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. � gg— ic�4sss 13.Notices.Any nodce to Borrower provided for in this Securiry Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by nodce to Lender.Any nodce to Lender shall be given by first class mail to I.ender's address stated herein or any address Lender designatss by nodce to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this patagraph. 14. Governing Law; Severability.This Security Instrument shall be governed by Federal law and the law of the '`� jurisdiction in which the Property is located. In the event that any provision or clause of this Se,curity Instrument or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15.Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrumen� 16.�Hazardous Substances. Borrower shall not cause or permit the presence, use,disposal, st�rage,or release of any Hazardous Substances on or in the Property.Borrower shall not do,nor allow anyone else to do,anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quanddes of Hazardous Substances that are generally recognized to be appropriate to nom�al residential uses and to maintenance of the Propeaty. Borrower shall prompfly give Lendea written notice of any investigadon,claim,demand,lawsuit or other acdon by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower leams,or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary,Borrower shall prompdy take all necessary remedial actions in accordance with Environmental Law, As used in this paragraph 16, "Hazardous Substances" aze those substances de�ned as toxic or hazardous substances by Environmental Law and the following substances:gasoline,kerosene,other flammable or toxic petroleum products, tozic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioacdve materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdicdon where the Properiy is located that relate to health,safety or environmental protecdon. NON-UNIFORM COVFNAIVTS.Borrower and Lender further covenant and agree as follows: 17.Assignment of Rents.Borrower uncondidonally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However,prior to L,ender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument,Bonower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower.This assignment of rents constitutes an absolute assignment and not an assignment for additional sec�rity only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Securiry Instrument; (b) Lender shall be endded to collect and receive all of the rents of the Property; and(c)each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on L.ender's written demand to the tenan� Bonower has not eaecuted any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required t,o enter upon,take coretrol of or maintain the Property before or after giving notice of breach to Borrower. However,Lender or a judicially appointed re�eiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. ��4R(NE)�seoa�.o� Page 8 of 8, Initlals: r � . [ " i t�� , b 1�