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200801986 13. Notices. Any norice to Borrower provided tor in this Security fustrnment shall be given by delivering it or by mailing it by first class mail unless applicable law requires llSe of another method. The notice shall be directed to the Propeny Address or any other ad.<lress Borrower designares by norice to Lender. Any notice to Lender shall be given by first class mail to Lender's 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 BorroWN or Lender when given as provided in this paragraph. 14. Goventing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiedon in wbich the Prop~rty is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such rol1flict shall not affeet orher prolJisions of this Security Instrument or me Note which can be given effect withour the conflicting provision. To rhis end the prOVisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall l>e given one conformed copy of the Note and of this Security Instrw;nent. 16. Hazardom Substances. .Borrower shall not cause or pennit 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 shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that 81'e generally recognized to be appropriate to nonna! resid.ential uses and ro maintenance of the Property. Borrower sball promptly give Le:uder written notice of any investigation, claim, demaud, lawsuit or other action by any governmental or regulatory agency or private party involvil1g the Property and any HazatdQU8 Subslance or .EnviJ:onmcntaI Law of which Borrower has actual 1a10wledge. If Borrower learns, Ot is notified by any governmental or regtIlatory authority, that any removal or other remediation of any Hazardous Substances affecting the Pfopeny is necessary, Borrower shall promptly take all n~ary remedial actionS in accordance with Environmental Law. As used in this pmgraph 16, "Hazardous SubStances" are mose substances defined as to~ic or ~ous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, Volatile liolvent.'l, materials containing asbestos or formaldehyde, and radioactive materials. As U$oo in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdicdon where the Propeny is located that relate to health, safelY or environmental prorection. NON-UNIFORM COVBNANTS. Borrower and Lender further covenant and agree as follows: 17. A6!iignment of l,{ents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Propeny. BOrTOwer authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of me Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower sha1.1 collect and receive aU rents and revenues of the Property as trustee for the benetit of Len(ler and Borrower. This assignment of rents constirutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breacb to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collecl and receive an of the rents of the Property; and (c) each tenant of the Pt'operty 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 assigmnent of the rents and has not and will not perform any act that wo\lld prevent Lender from exercising its rights under this paragraph 17. Lender shall DOt be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do 50 at any time there is a breach. Any application of rents shall not eure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Propeny shall terminate when the debt secured by the Security InStrument is paid in full. ~4R(NEI (96011 rase B oj B IrNti.Jtlr eX