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200705777 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering It or by mailing it by fint class mall wlless applicable law requires use of another method. The notice shall be directed 10 the Property Address or any other address Borrower designates by notice to Lender. Any noUce to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrowel'. Any notice provided for in this Security Instrwnent shall be deemed to have been given to Borrower or Lender when given as provided in this paragl'8ph. . 14. Governing Law; S_..bility. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is localed. In the event that any provision Or clause of th1s Security Instrwnent Or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument Or the Note which can be given effect without the conflicting provision. To this end the prOVision.::; of thI.::; Security Instrument and the Note are declared to be seveTable. 15. BOTrOWCll"':I Copy. Borrower shall be given one confonned copy of the Note and of Iirls Security Instrument. 16. Ha:zardou:l Sublltllt:lce8. ;Borrower shall not cause or pennit Ihe presence, use, disposal. sto.-al1;e, or Telea.se of any Hazardous Substances on or In the Property. Borrower shall not do. nOr allow anyone else to do. anything affecting the Properly that 18 In violation of any Environmental Law. Tbe preceding two sentences shall not apply to the presence. use. or .::;torage on tbe Propl!Tty of .small quantities of Hazardous Substance.::; that are generally recognized to be appropriate to nOTmal residential uses and to maintenance of the P.rop~. Borrower .shall promptly give Lender written notlee of any Investigation, claim, demand, lawsuit or other action by any governmental Or regulatory agency 01' private party involving the Property and any Hazardous Substance or Environmental Law of wblch Bon'ower has actual knowledge. If Borrower learns. or Is notified by any governmental Or Tegulatory authority. that any removal or other remediation of any HazaTdous Substances affecting the Property I.::; nece.ssary. Borrower shall promptly take an 'lecessat)' remedial action.::; In accordance with Environmental Law. As used In this paragraph 16. "H~rdous Sub.::;tances" are those substancC$ def"rned a.::; toxic or bazardous substances by EnviTOJUnental Law and the following substances: gasoline, kero.sene. other Dammable Or toxic petroleum pToducts. toxic pesticides and heTbicides. volatile solvents. malerials containing asbestos or formaldehyde. and radioactive materials. As used in this paragraph 16. "Environmental Law" means federal 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. AsaigDlrumt of Rents. BorTower unconditionally assigns and Iransfers to LendeT aU the rents and revenues of the Property. Borrower authoTizes LendeT or LendeT's agents to collect the rents and revenues and hereby directs each tenant of the PTOperty to pay the rents to Lender Qr Lend"r'.::; agents. However, prior to Lender's notice to BQrroweT of BQITower's breach of any covenant Qr agreeJllent In th" Security Instrwnent, Borrower shall collect and receive all rents and revenues of the Property as lrustee for the benefit of Lender and Borrower. This assignment of rent.::; constitutes an absolute 113sil1;1lment and not an assignment for addiUonal security only. If Lender gives notice of breach to Borrower: (a) aU rents receiVed by BOrTower shall be held by Borrower as trustee for benefit of LendoT only. to be applied to the sums secured by the Security Instrument: (b) Lender shall be enUtled to collect and receive all of the rents of the Property; and (c) eac-l1 tenant of the Property shall pay all rents due and unpaid to Lender 01' Lender's agent on Lender's written demand 10 the tenant_ Borrower has nor executed any prior assignment of the rents and has not and will not perfonn any act that would prevent Lender from exercising lis right.::; under this paragt-apb 17. Lender shall not be required to enter upon. take control of or malntain Ihe Property before or after giving noUce of breach to Borrower. However, Lender Or a judicially appointed receiver may do so at any Ume there Is a breach. Any application Qf rents shall not cure or waiVe any default Or invalidate any other right or remedy of LendeT. This assignment of rents of the Property shall tenninate when the debt secuTed by the Secudty Instrument is paid in full. V-4N(NE) (D4D7).01 Pag. 6 of 6' ,.1