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200809797 .13. Notices. Any notice to Boriowerprovided for in this Security Instrument.shall be given by delivering it or by mailing it by first class mailunlessapplicablelaw reqIJires use of another method. The notice shall be directed to the Property Addre:""oranYQ!h.eraddressHorrowerdesignates by notice to Lender. Any notice to Lender shall be given by first class mail.tQ b~nder' s address siated 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 this paragrapk 14. GoverniilgI.awiSeverabiUty. This Security Instrument shall be govemedby Federal law . and the law of the jurisdiction iuwhichthe froperty is located. In the event that any provision or clause of this Security Instrument ortbeNote 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 provisions of this Security Instrllmentand theNotearedeclared to be severable. . 15. Borrower's Copy. BOfl'ower shall be given one conformed copy of the Note and of this Security Instrument. 16. HazardOusStibStauces. Borroweishall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Jlropefty.Borrowershall not do, nor allow anyone else to do, anything affecting the fropeny$atis in. violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use,oLstorage 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. Bormwer shall promptly give Lencl.erwritten notice of any investigation, claim, demand, lawsuit or other action by any. governmental or regulatory agency or. private party involving. the Property and any Hazardous Substance or Environmental Lawofwhi~b, Borrower has actualknowledge~ If Borrower learns, or is notified by any governmental or regulatory authority, thaJanyremoval.or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shallpromptly take all necessary remedial actions in accordance with Environmental Law. As used .inthis.paragrapb 16, "Hazardous .Substances" are those substances deemed .as toxic or hazardous substances by Eny!ronmental J.aw and thefollowingsllbstances: gasoline,kerosene, other flammable or toxic petroleum producti: toxic pesticides and herbicides, volatile solvents, materials 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~ Assignment of Ren~. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes l.ender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the 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 shall collect and receive allrentsanctrevcnues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitntesanabsolute assignment and not an assignment for additional security only. If Lender gives nOtice of breach to Borrower: (a) all rents received by Borrower shall beheld by Borrower as trustee for benefit of Lender only. 19 be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collectanct rcceiveall of the. rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender orLender'sagent on Lender's written demand to the tenant. Borrower has not execllted any prior assignment of the rents and has not and will not perlonn any act that would prevent Lender from exercising . its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borr6wcr. However, Lender ora 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 Lender . This assignment of rents of the Property shall terminate when the debt secured by the Security. Instrument is paid in fun. ~4R(NE) (0407).01 pagos of B ,_~B014