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200007683 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be en by delivering it or by mailing it by first class miail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower dcsignates by notice to Lender. Any notice to Lender shall be given by fast class mail to Lender's address stated herein or any address Lender designates Any notice provided for in this Security Instrument shall be deemed to have been n by notice Borrower, ce ce Lender when given as provided in this paragraph. give to Borrower 14. GovcrWag 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 Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument 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 Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, u3e, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow an one else to do an 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 quantities of Hazardous Substances that are generall recognized to be appropriate to normal residential uses and to maintenance of the Property - y Borrower 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 remediation 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 substantxs defined tonic or hazardous substances by Environureptal I,aw, and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials kerosine, as and radioactive materials. As used in this paragraph 16, "Environmental Law" g asbestos or formaldehyde, jurisdiction where the Property is located that relate to health, safety or environmental srotMaws and laws of the NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Asdgetment 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 t0 Lender or Lender's agents. However, prior to Lender's notice to Harrower of Borrower's breach of any covenant 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 of breach to Borrower: (a) all rents trustee eceived by Harrower shall be held by Borrower as ustee far benefit of Lender only, to be applied to the sums secured by the Security Instruument; (b) Lender shall be entitled to called 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 tempt. Borrower has not executed 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 to enter upon, take control of or maintain the of breach to Borrower. However, Lender or a judicially Property before or after giving notice 1 y appointed receiver may do so at any time them 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. dft-4R(NL) teeoaf.oi rage s of a