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201000849 20+~'~il 13. Notices. A;fty notice to Borrower provided for in this Security Instrument shall be given by delivering it ar by mailing it by fixs~ class mail artless applicable law requires use of another method. The notice shall be directed to the Property Addzes~ or any other address Harrower designates by notice w Lender. Any notice to Lender shall be given by fizst class mail to Lender's address stated herein or any address Lender designates by notice to Borrower, Any notice pmvidodlfnr in this Security Instrument shall be deemed to have been given to Borrower ar bender when given as provided in;this paragraph, l4. Governing! I,aw; Severablllty. This Security Instrument shall be governed by Fedezal law and the law of the jurisdiction in wk~ich the Prnperty is located. In the avant that any provision or clause of this Security Instrument or the Nate 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. Ta this end the provisions of this Security Instrument and the Note are declared to bo severable. 15. BoCCOWCr•'~i Copy. Bozzawer shall be given ono conformed copy of the Note and of this Security Instrument. 16. Sazardatr~ Substances. Borrower shall not cause or permit the presence, use, disposal, storage, ar release of any Hazardous Substances on or in the Property. 13orrawer shall not da, oar allow anyone else W dn, attything affecting the Propert jr that is in violation of any Environmental Law. The preceding two sentences shall not apply to the Presence. use, oz storage an the Property of small quantities of Hazardous Substances that are generally recognized to ba app>tapriate to normal residential uses and to maintenance of the Froperty. Horrowor shall ~ramptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by arty governmental or regulatory agency or private patty involving the Property and any Hazardous Substance nr EnviromnentaI Law c~f which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authari~.y, that any removal or other remediation of atry Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accozdance with Environmental Law. As used in this paragraph 16, "Hazardous Stirbstances" are those substances defined as toxin or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable ar toxic petroleum products, ~axic pesticides and herbicides, volatile solvents, materials containing asbestos ar farrnaldohyde, and radioactive rttatettals. As used in this paragraph lfi, "Enviramnental Law" means federal laws and laws of the jurisdiction where th i Property is Iocated that relate to health, safety or environmental protection. NUN-UNIFDRM Cdi VENANTS. 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. HvrL+ower authorizes Lander oz 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 tv Borrower of Borrawdz's breach of any covenant or sgreemlent in the Security Instrument, Borrower shall collect and receive all rants and kevenues of the Property as trustee fez the benefit of Lender and Harrower, This assignment of rents constitutes sn absolute assignment and not an assignment for additional security only. If Lender gives jnotice of broach w Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee fez benefit ofLender only, to be applied to the sums secured by the Security Instzumetat; (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 Le;ltder or Lender's agent on Lender's written demand to the tenant. Borrower has nc~t executed any prior assignment of the rents and has not and will not perform arty act that would prevent Lender from hxercising its rights under this paragraph 17. Lender shall not'~~ be required to enter upon, take control of ar maintain the Property before ax after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not Dore or waive any default or invalidate any other tight or remedy of Lender, This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument iw~ paid in full. 4R(NE) covet s Pepe p of 6 IniHale;~. ~'~~ k