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2410U�381 13. Notices. Any notice to Sorrower provided for in this Security Instrument shall be given by delivering it or by mailin� it by first class rnail 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 �,ender shall be given by first class mail to 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 to have been given ta Borrower or Lender when given as provided in this paragraph. ]�{. Governing Law; Severabiliry. 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 prnvision pr clause of this Security Instrument or the Nate conflicts with applicable law, such cnnflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the cvnflicting prpvision. To this end the provisions of this Security Instxument and the Note are declared to be severable. 15. Barrower's Copy. Borrower shall be given one conformed copy af the Note and of this Security Instrument. 16. Hazardous Substances. Sorrowar shall not cause or permit the presence, use, disposal, storage, or release of any Hazardaus Substances on or 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. T'he preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Haaardous 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 or regulatory agency or private party involving the Property and any Hazardous Substance or �nvironmental Law of which Sorrower has actual knowledge. If Borrower learns, or is notified by any governmental ar regulatory authority, that any removal or other rezn�ediatian of any Hazardons Substances affecting the Property is necessary, Bora 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 £�ammable 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 pf the jurisdiction where the Properiy is located that relate to health, safety or environmental protection. NON-iTNIFORM COV�NANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrpwer unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower autharizes 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 I.ender's agants. However, prior to Lender's notice to Sonower of Bonower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as Uustee for the bene�t of Lender and Borrower. This assignxnent of rents canstitutes an absolute assignment and not 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 bene�t of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender sha11 be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay al] rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignmenC of the rents and has not and will not perfortn any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take cantrol 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 any tixne there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of I.,ender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. 0451012520 VMp �ed of TruSl-NE �VMP4R(N� (0809) Wolters Kluwer Financial Services Page 6 of e