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20090933E 13. Notices. Any notice w 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 w the Property Address or any other address Borrower designates by notice to Lender. Any notice w Lender shall be given by fast class mail w 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 w have been given w Borrower or Lender when given as provided in this paragraph. 14. Governing I.aw; Severability. `Phis 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 this Security Instrument 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 cffect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared w be severable. 15. Borrower's Cnpy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall noC cause or permit the presence, use, disposal, swrage, or release of any Hazardous Substances on or in the Property. Borrower shall oat do, nor allow anyone else W do, anything affecting the Property that is in violation of any Envixonntental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recogzvzed to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit ox other action by any governmental or regulawry agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual lmowledge. If Borrower learns, or is notified by any governmental nr regulawry authority, that any removal or other remediation of any Hazardous Substances 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 the following substances: gasoline, kerosene, other flammable or toxic petroleum products, writ 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 ar environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers 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 duects each tenant of the Property w pay the rents to Lender or Lender's agents. However, prior to Lender's notice w 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 as trustec far the benefit of Lender and Borrower. 17us assignment of rents constitutes an absolute assignment and oat an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, w be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the 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 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 ox maintain the Propexty before or after giving notice of breach w Borrower. 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 invalidate any other right or remedy of Lender. 1"his assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. ~~ ~nfna~s: -4N(NE) (oao~) Pape6of8