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� �CO�DED 20��0572� ��Oi�0�3�� 14. Governing Law; Severability. Tlus Security Instrument shall be governed by Federal law and the law of the jurisdiction in wluch the Property is located. In the event that any provision or clause of this Security Instntment or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note wluch can be given effect without the conflicti.ng 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 Insttumen� 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Properly 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 quantities of Hazaxdous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. B orrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action 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 learns, or is notified by any governmental or regulatory authority, that any removal or other remed.iation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this Paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials conta.ining asbestos or formaldehyde, and radioactive materials. As used in this Para.graph 16, "Environmental Law" means federallaws and laws of the jurisdiction where the Properly is located that relate to health, safety or environmental protection. NON-LINIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally 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 Lender's notice to Borrower of Borrower's breach of any covena.nt or agreement in the Security Instrument, Borrower 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 security only. If Lender gives notice ofbreach to Borrower: (a) all rents received by Bonower shall be held by Borrower as tntstee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled 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 Lender's written demand to the tenant. HCFG-00703 FHA Deed oi Trust-NE Ravised 4196 VMP� , /� 01/12 Wolteis Kluwer Financial Services 201206294.1.1.2336-J20120729Y �/( (� � �'� �� Page 7 of 10 � � 1