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2010014E 9 1Z. Successors and Assigns $aund; .)Dint and Several Liability; Cp-signers. The covenants and agreements of this Security Instrument shall hind and benefit the successors and assigns of Lender and Harrower, subject is the provisions of Paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated tv pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that $orrower's consent. 13. Notices. Any .notice to Harrower provided far in this Security Instrument shall be given by delivering it ar by mailing it by first class trail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Barrnwer designates by notice 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 Harrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Horrower 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 ox clause of this Security Instrument or the Nate conflicts with applicable law, such conflict shall rat affect other provisions of this Securiiy Instrument or the Note which Gan be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Nate are declared to be severable. 15. Horrower's Capy. $orrawer shall be given one conformed copy of the Nate and of this Security Instrument. lb. Hazardous Substances. Horrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances an or in the Property. Horrawer shall not do, nor allow anyone else to dn, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall rat apply to the presence, use, yr storage 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. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental ax regulatory agency ar private party involving the Property and any Hazardous Substance ar Enviratunental Law of which $orrower has actual knowledge. If Horrawer learns, nr is notifred by any governmental or regulatory authority, that any rernpval yr other rernediativn 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 lb, "Hazardous Substances" aze those substances defined as toxic or hazardous substances by Environrttental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, 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, safciy or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Horrower uncanditivnally assigns and transfers to Lender alI the rents and revenues of the Property, Horrower authorizes Lender 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 $arrawer of Borrower's breach of any covenant or agreement in the Security instrument, Horrawer shall cagect and receive all rents and revenues of the Property as trustee for the henetit of Lender and Borrower. This assignment of rents t:onstitutes an absolute assignment and not an assignment for additional security only. if Lender gives notice of breach tv Horrower: (a) all rents received by Horrower shall be held by Borrower as trustee far benefit of Lender only, to be applied to the sums secured 6y the Security lnstrurnent; (b) Lender shall he 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. 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