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<br /> Any notice to I.ender ehall be given by tirst class mail to I.ender's addre.�.5 stated herai�or any address I.ender
<br /> designates by notice to IIorrower,Any notice provided for in this Security Instrument shell Ue deemed to have
<br /> bCen given to Borrawer or Lender when given es provided in thie paragraph. _
<br /> 14. (inverning L�w; Severabilety.This Sa.urity[nstrument shall be governed by PeJeral law end tho
<br /> law ort the jurisdiction in which the Property is located.In the event that uny provisian or cleusC �f this
<br /> Security Instrument or the Note conflicts with epplicable lew, such conilict shall not aftxt othtr provisions ot
<br /> thisSecurity Instrument or the Note whiGh csn be given eltectwithout the canflicting provieion,To this end
<br /> theprovisions of this Sec:urity Instrument and the Note are declared to be severable.
<br /> 1 S. Aorrower's Copy. Aorrower shall be given one conformed r,opy of the Note and of this Security
<br /> [nstrument.
<br /> 16. Hs��rdous Subst�nccs. Borrower shall not cause or permit the presence, use,disposa�,storage, or
<br /> release of any Hszardous Substances on or in the Property.I�arrower shall not do,n�r allow enyone else to do,
<br /> anyth�ng affecting the Property thet ie in violation of any Environmental l.aw.The preceding two sentences
<br /> shall not apply to the presence, use, or storage on the Property of small quantities of Haaardous Substences
<br /> that are generally recognized to be appropriate to normal residentisl uses and to maintenance of the Property.
<br /> Dorrower shell promptly give I.,ender written notice of eny investigation, claim, demand, lawsuit or
<br /> other action by any governmental or regulatory agericy or private party involving the Property and any
<br /> �-lezardoiu Subetance or Environmental I.aw of�vhich Borrower has actual knawledge,It IIorrower learns�nr
<br /> is notified by eny governmental or regulatory authority, that any removal or other remediation of any
<br /> Haaardous Substances affxting the Property is nxeasary,Bo*rower ehall promptly take ell nxessar)'remediel
<br /> actions in accordance with Environmental Law.
<br /> As iued in this paragraph 16, "Hezardous Substances"are those substances defined as toxic or hezardous
<br /> suhstances by Environmental Law and tho following eubstances: gasuline,kerosene, other flammabl�or tozic
<br /> petroleum produc�9, toxic pesticides and herbicidcs, volatile solvents, materials containing asbestos or
<br /> formaldehyde,and radioactive meterials. As us�d in this paragraph 16, "Environmentel Law" means tederel
<br /> laws and lew�of tiie jurisdiction where the Property is lceated that relate to health, satety or cnvironmentel
<br /> protection.
<br /> N�N-UNIFORM COVFNANTS.Aorrowcr and L.ender further covensnt and+gree as foll�w s:
<br /> 17. Assi�nment of Rents. Borrower unconditionniiy en�igna ai�3 trd��s.e.....� L_.._:r All che rents and
<br /> revenues of the Property.Aorrower suthorizes Lender or I.ender's egcnts to collect the rents and revenues and
<br /> hereby directs each tenent of the Property to pey the rents to Lendor or I�ender's agenu. However, prior to
<br /> Lender's notice to Borrower o{Aocrower's breach of eny cov�nant or agreement in the Security lnstrument,
<br /> Iiorrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender
<br /> and Borrawer. This assignment of rents constitutrs an absolute assignment and not an aesignment tor
<br /> additional security only.
<br /> If Lender givas notice of breach to Borrower: (a) all renta received by Borrower shall be held by
<br /> Borrower as trustee for benefit of Lender only,to be e�plied to tt�e sums securcd by the Security Instrument;
<br /> (b) I,ender shall be entitled to collect and receive all of the rents ot the Property; and(c)oach tenant of the
<br /> Property shall pay all renta d�u and unpaid to Lender or Lcnder's agcnt on Lender's written demand to the
<br /> tenant.
<br /> Dorrower has not exxuted any prior assignment of the renta and has not and will not per orm any ect
<br /> that would prevent Lender from exercising its rights under this peragraph 17.
<br /> Lender shall not be required to enter upon,take cantrol of or mnintain the Property before or aftcr giving
<br /> notice of breaeh to Bo�rower.However,Lendec or a judicially appointed receiver may do so at any time there
<br /> is s breach.Any application of rents shall not cure or waive any defauli or invalidate any other right or rernaly
<br /> of Lender. T'his assignment of rents of the Property shall terminate when the debt sa;ured by the Sxurity
<br /> Instrumcntis paid in full.
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