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201209649 13. Notices. My no[ice to Borrower provided for in ihis Security Ins[rument shall be gIven by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The noflce shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address s[ated herein or any address Lender designates by notice to Borrower. Acry noHce provided for In this Security InsUument shall 6e deemed to have been glven ro Borrower or Lender when given as provided in tlris paragraph. 14. Governing Law; Severabiliky. This Security Instrument shall be governed by Federal law and the law of the jurisdicdon in whic6 [he Property Is located. In the event that any provision or clause of this Secudty Instrument or the No[e conflicis with applicable law, such conflict shall not affec[other provisions of this Secnrity Instrument or the Note which can be given effect without the conflictlng provision. To this end the provisions of this Security Inswment and the Note are declared to be severable. 15. Borrawer's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Has�rrdons Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in ihe Property. Borrower shall not do, nor allow anyone else to do, anything affecUng the Properly that is in vlolation of any Environmen[al Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities oF Hazardous Substances that are generally recognized [o be approprlate to nortnal residential uses and to maintenance of the Property. Borrower shall promptly give L.ender written notice of any invesflgadon, claim, demand, lawsui[ or other aclion 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 notifled by any govemroental or regulatory authority, that any removal or other remedla[ion of any Hazardous Substauces affecting the Properly is necessary, Borrower shall prompfly take all necessary remedial actions in accordance witL Environmental Law. As used in this pazagraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances 6y Environme�tal Law and the following substances: gasoline, kerosene, ofher flammable or rolcic petroleum products, toxIc pes[icides and herbicides, volatile solvents, materials wntaining asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmenta] Law" means federal ]aws and laws of the jurisdiction where the Property is located fhat relate to heal[h, safety or environmenlal protecflon. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and hansfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the ren[s and revenues and heceby directs each [enant of the Property to pay the rents to Lender or Lender's agen[s. However, pdor fo Lender's noflce [o Borrower of Borrower's bceach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of tlte Property as trustee for ihe benefit of Lender and Borrower. This assignment of rents constitutes an absolu[e assignment and not an assignment for addifional security only. If Lender gives notice of breach to Borrower. (a) all rents received by Borrower shall be held by Borrower as trustee for 6eneflt of Lender only, ro be applied to �he sums secured by fhe Security Ioshvment; (b) Lender shall be entltled ro collect and receive all of ihe rents of the Properly; 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 lo ihe tenan[. Borrower has not executed any pdor assignment of the rents and has no[and will not perform any act[hat would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. My applicaflon of rents shall not cure or waive any default or invalidate any o[her rigltt or remedy of Lender. This assignment of renLs of the Properly shall terminate when tLe de6t secured hy tLe Secudty Instrument is paid in full. 8970468£3 � mrc�V ��N(N�(9802J.01 Paga 6 of e