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� ?; ;. k � ' ��'�D�1�D� 13. Notices. Any notice to Bormwer pmvided for in this Securiry Tnsuument sha11 be given by delivering it or ' by mailing it by fizs[class mail unless applicable law.requires use of another method. The notice sha➢1 bc directed to ' ' the Property Address or ar.y other addres:, Borrower dcsignatcs by notice to L.ender. Any notice to I.ender shall be � given by first class mail to I.ender's address seated herein or any address Ixnder designates by notice to Borrower. � Any notic�provided far in this Securiry InStntment shaIl be deemed to have been givtn to Borrowtr or L.ender when given as provided in this para,graph. , : 14. Governing Law; Severability. This Securiry Itistrument shall tfe �ovemed by Federal law and thc law of the jurisdiction±n which the Property is located. In the event that any provision or clause of this Security Instrument �r the Note conflicu with applicable law, such contRict 3ha11 not zffect other provisiors of this Securiry Instrument or ' thc Nore which can be given effect without the conflicting provision. To this end the provisions of this Securiry ' Inserument and the Note ue declared to tr_severaL�le. I5. Barrower's CoRy. Bc�:rower shatl be given oae conformed copy nf tt:e Notc and of this Security ' dnstrument. 16. �iazardous Substan�.�es. Borrowzr shall nct cause or permit the presence, use,disposal, storage,or reltase ' of any Hazardous Substances on ar in the P�roperty. Rorrower shall not do, n�r ailov�� anyont eise to do, �nything ' af;ecting �he Propen}�that is in violation of any Envimnmental Law. The precaiing two sentences shall not apply to the presence, u..�e, or storage nn the Property of smal! quantities of �azazdous Substances that are generally rxngniud te be 3ppzogriate to normal residenti�l uses and to maintenancx of the Pmperty. Horrower shall promptly give Lender written n�pcc of any investigation, claim, demand, lawsuit or oehor action by any governmental or regulatory agency or private party involving tha Propetty and any Hazardous Substance or �nvironmental Law of which Borrower has actual knowledga. If Borrower learns, or is notified by any governmental or regulatory authori,y�, that any removal or other remediation of any Hazardous Svbstances affecting the Prop�ny is r.e;essary, Borrower shail promptiy take a!I necessar,y remed:a!actions in accordance with Enviranmental Law, ' As used in chis paragraph 16, "Hazardous Substances" are thosc substances defined as toxic or :�azardous ' substanczs by Em�ironmental Law and tfie fol.lowi�g subs*.anr.�; g�aline, kerosene, other flammable or tozic ' petroieum products, rozic pesticides and berbi�ides, >>olatile solver�.cs, materials containing asbestas or formaldehyde, and radioactive mater:al�. As used in this paragraph 16, "Enairo.�unenta! Law" means federal laws and laws of the jurisdiction where the Propercy is located tha;relace co hcal•.h, safety c�r environmental pr�tection. NON-UNIFORM COVENANTS. Bonower 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 coilect the rents and revenues and hertby directs ' each tenant of tha Propert}� to pay the rents to Lender or Lender's agents. However, priar to Lender's notice to ' Borrower of Borrower's breach of any covenant or agreement in ¢he Security Instrument, Borrower sh�all collect and ' r�ceive all rents and revent�es of the Propem� as trustee for the benefit of Lender and Botrower. 'fhis as ignment of . - rents co:istitutes an absolu;e assignment and not an assignment for additional security only. � If L.eader gives notice of breacb to Borrower: (a) atl rents received Uy Borrower shall be held by Borrower as ' truscee fo;benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Ixnder shall be ' entieled to collect and receive al1 of the rents of the Properry; and (c) each tenant of the Property shall pay a11 rents �ue and unpaid to Lender er Lender's agent on Lender's written demand to the tznant. Borrower has not executed any priar assigtunent of the rentc and has not and will not perfa;m any act that would prevent Lender from exercising its rights under this paragraph 17. L.ender shail not be requi*ed te enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointe.d receiver may do so at any time there is a breach. An�• application of rents shall not curc or waive any dcfault or invalidate any other right or remedy of Letufer, 'I'his assignment of rents�f the Property shall teiminate when the debt secured by the Security Instrvment is paid in full. �'�j-4R(NE)iseo4r.o3 ; 0 P+pe G of 8