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201005934 14, Governing Law; Severability. This Security Lnstrtuttent 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 ar the Note 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. 1S. &rrrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16, Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on ar in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage an the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to Harms.] residential uses atad to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmenrtal or regulatory agency or pri<rate party involving the Property and any Hazardous Substance or Environmental Law of which Borrower 1>as actual knowledge. If Borrower learns, or is notifted by any governmental or regulatory autharity, 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 fallowing substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, valat.ile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Envirotunental 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 Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Properly. Borrower 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 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 trustee fox the benefit of Lender and Borrower, This assignment of rents constitutes an absolute assignment and not an assignment far 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, to be applied to the sums secured by the Security lnstrument; (b) Lender shall be entitled to collect. seed 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 Lettder from exercising ifs 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 Borrower, However, Lender or a judicially appointed receiver may do so at arty 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 full. FHA Deed ofTruef-NE VMP Wolters Kluwer Financlgl Sengces nns~xtrt aes VMP4R(NE) (D~9).00 Page 8 aT B 1111~lI~A~Nldllll