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200205721 13. Notices. Any notice to Borrower provided for in this Security Instrument shall he given by delivering it or by funding it by first class mail unless applicable law requires use of another method The notice shall he directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice m Under shall be given by first class mail to Under'., address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in his paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of We jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Now conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or die 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 Nate and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shad not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that arc generally recognized to be appropriau: to normal residential uses and to maintenance of the Property. 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 Hazirdous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower teams, or is notified by any governmental or regulatory authority, that any removal or other remedialion of any Hazardous Substances affecting the Prolxrty is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in Nis paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other Flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive manrials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where die Property is located that relate to health, safety or environmental protection. NON UNIFORM COVENANTS. Borrower and Under faults, covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and ministers 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 ditects each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Bomower's breach of any covenant or agreement in the Security Instrunhenl, Borrower shad 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 Leader gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, In be implicit to the sums secured by the Security Instrument; (h) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenant of die Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform my act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, lake control of or maintain the Property before or after giving notice of breach to Borrower. However, Leader or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Under. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in fall. DUC 0,026 as APPL a 0016149193 Ler. q N1141113 ®- 4fllNE) tvso<LO� Pa9^ 6 nl a In o rued.: f1O