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200810165 13. Notice.~. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address Or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first Cla% mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instru~ent shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph, ' 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of tills Security Instrument or tile Note conflicts with applicable law, sucb conflict shall not affect other provisions of this Security Instrument or the Notc 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 sballbe given one confonned copy of the Note and oltbis Security lnstrument. '. .... .' . 16. lI4tzardous S-qbstaJicts. Borrowershalln,otcl\useor penuit thepre$ence.,Use,dispo~at; . stotagclor release of any Hazardous Substances on or 'in thePrQperty. 13ortowershal(not do, 'uQrallowilnyone else to do,rmything affecting the Property thatts. in Violatioilofany Environmental Law. The preceding two sentences shall riot apply to the presence,. USe, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to ntmual residential uses and to maintenance qf tbe Ptoperti Borrower'shall promptly give Lender written notice ofariy investigation, claim, demand, lawsuit.orother action by any governmental or regulatory agency or private patty inVolving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowlec1ge: If Borrower learns, or is notified by any governim:ntal or regulatory authority, that any removal or otllcr remediation' of any Hazardous. Su,bstances' affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law, . As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and me following substances: gasoline, kerosene, other flammable OT toxic petroleum products,t()xicpesticides and herbicides, volatile solvents, materials containing asbestos or fonnaldehyde, and radioactive materials. As used in this paragraph 16, "EIivironrnerital 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 fu.rtber covenant ~d agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfets to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents al1d 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 all rents and revenues of the Property astrustee for the benefit of Lender and Borrower. This assigruuent of rentS constitutes an absolute assignment and not 3.11 assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all relltS received by Borrower shaH be held by BOrrower as trustce for benefit of Lender only, to be applied tq th.e sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents.oime Property; and (c) each tetlaniof tbe property shall pay all rents due and unpaid to Lender or Lender's agent On Lender's written dernaild to the tenant. Borrower has not executed any priorassignment.ofthe rerlts and has not and will not perform any act that would prcvent Lender from exercising its rights under mis paragraph 17. . Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach toBorrower. However, Lender 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 illvalidllte any other right or remedy of Lender. Thi~ assignment of rents of the Propel1Y shall terminate when the debt secured. by thc Security 111strument is paid in ful!. .-4RINEII04671.01 @ P.ge 6 of ~ 0120288104 Inlfi'Is;~