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201047497 13. Notices. Any notice to Borrower pravided for in this Security Instrument shall be given by delivering it ar by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Barrower designates by notice to Lender. Any notice to Lender shall be given by �rst class mail to I.ender's address stated herein ox any address Lender designates by notice ta Borrower. Any notice provided for in this Security Instrument sha11 be deemed to have been given to Borrawer pr Lender when given as provided in this paragraph, 14. Governing Law; Severability. This Security Instrument sha11 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 Securicy Instrument or the Note which can be given effect withaut the conflicting pravision. To this end the provisions of this Security Instrument and the Note are declared to be sevsrable. 15. Borrawer's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrpwer shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Praperty that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on Che Property af small quantities of Hazardous Substances that are generally recognized to be appropriate to narmal residential uses and to maintenance of the Property. Borrower shall promptly give I.endex written notice pf any investigation, claim, demand, lawsuit or other actian by any governmental or regulatory agency or private party involving the Froperty and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is noti�ed by any governmental or regulatory authority, thaC any rernoval 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 flamrnable or tpxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this pazagraph 1b, "Environmental Law" means federal laws and laws of the jurisdictipn where the Property is located that relate tp health, safety or environrnental protectian, NON-UNIFORM COVENANTS. Borrawer and Lender further covenant and agree as follows: 17. Assignment af Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or T,ender's agents ta collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to I..,ender or Lender's agents. However, prior to Lender's nptice to Borrower of Borrower's breach of any cavenant or agreernent in the Security Instrument, Sorrower shall callect and receive all rents and revcnues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents consticutes an absolute assignment and nat an assignment for additional security only. If L.ender gives notice af breach to Borrower: (a) all rents received by Bprrower shall be held by Borrower as trustee for bcnefit of Lender anly, to be applied to the sums secured by the Security Instrument; (b) Lendex shall be entitled to callect and receive all of the rents of the Property; and (c) each tenant of the Property sha11 pay all rents due and unpaid ta L.ender or Lender's agent on L.ender's written demand to the Cenant. 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 upan, take control of or maintain the Property before or after giving notice of breach to �orrower. However, L,ender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall nat 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 Instrumsnt is paid in :full. III IIIII'lll IIIIIIIII IIII'lllll III (IIII I IIIII I�II q03225306016 0233 267 0608 VMP�-4N�NE) loao7l.ot Page 8 of 8 Initials:,L �/"�