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200111413 13. Notices. Any notice to Borrowerprovidedfor in this Security instrumentshall be given by deliveri ngit or by mailingit by first class mail unless applicablelaw requiresuse of anothermethod.The noticeshall be directedto the Property Address or any other address Borrowerdesignatesby notice to Lender. Any notice to Lendershall be given by first class mail to Lender's address stated herein or any address Lenderdesignatesby notice to Borrower. Any notice providedfor in this Security lnstrumentshall be deemedto have beengiven to Borroweror Lenderwhen given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrumentshall be governedby Federal law and the law of the jurisdictionin which the Propertyis located. In the eventthat any provision or clause of this Security Instrument or the Note conflicts with applicablelaw, such conflict shall not affectotherprovisionsof this Securitylnstrumenlor 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. Borrowershall not cause or permitthepresence,use, disposal, storage,or release of any HazardousSubstanceson or in the Property. Borrowershall not do, nor allow anyone else to do, anything affectingthe Propertythatis in violationof any EnvironmentaLaw. The precedingtwo sentencesshall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrowershall promptlygive Lenderwrittennoticeof any investigation,claim, demand,lawsuit or otheraction by any governmentabr regulatoryagencyor private party involving the Property and any HazardousSubstanceor EnvironmentaLaw of which Borrowerhas actualknowledge. If Borrowerlearns,or is notifiedby any governmental or regulatoryauthority,that any removalor other remediationDf any Hazardous Substancesaffectingthe Propertyis necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "HazardousSubstances" are those substances defined as toxic or hazardous substances by EnvironmentalLaw and the following substances: gasoline, kerosene, other flammable or toxic petroleumproducts,toxic pesticidesand herbicides,volatilesolvents, materialscontainingasbestosor formaldehyde, and radioactivematerials. As used in this paragraph16, "EnvironmentaLaw" meansfederal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrowerunconditionallyassigns and transfersto Lenderall the rents and revenues of the Property. BorrowerauthorizesLenderor Lender'sagentsto collect the rents and revenuesand hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrowerof Borrower'sbreachof any covenantor agreementin the Security Instrument,Borrowershall collect and receiveall rents and revenuesof the Propertyas trusteefor the benefitof Lenderand Borrower.This assignmentof rents constitutes an absolute assignment and not an assignment for additional security only. If Lendergives notice of breachto Borrower: (a) all rents receivedby Borrowershall be held by Borroweras trusteefor benefitof Lenderonly, to be appliedto the sums securedby the Securitylnstrument�b) Lendershall be entitledto collect and receive all of the rents of the Property; and (c) each tenantof the Propertyshall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrowerhas not executedany prior assignmentof the rentsand has not and will not performany act thatwould prevent Lender from exercising its rights under this paragraph 17. Lendershall not be requiredto enterupon, takecontrolof or maintainthe Propertybeforeor aftergiving notice of breachto Borrower. However, Lenderor a judicially appointedreceivermaydo so at any time thereis a breach. Any applicationof rents shall not cure or waive any defaultor invalidateany otherright or remedyof Lender.This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full 4N(NE) (8802).01 Page 6 of 8 �r��