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2oioo�735 13. Natices. Any notice to Borrower provided for in this Security Instrwnent shall be given by delivering it or 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 Borrower 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 Borrower. Any notice provided for in this Security InsWment shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Sec.vrity Instrument shall be governed by �ederal law anci the law of the jurzsdicrion in which the Property is located. In the event tJ�at any provision or clause of this Security Instnunent or the Note conflicts with applicable law, snch conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without t�ae conflictir� provision. To this end the parovisions of this Security Instrument and the Note are declared to be severable. 15. Barrawer's Copy. Borrower shall be given one canformed 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 nr in the Property. Borrower shall not do, nor allow anyone else ta do, anything affecting the Property that is in violatian of any Environmental Law. '['be preceding two sentences sha11 not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maizatenance of the Property. Borrower shall promptly give Lender written notice of any inv�stigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrawer has actual knowledge. If Sorrower learns, or is notified by any governmental or regulatory authority, 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 �nvironmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances hy Envixonmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestvs or formaldehyde, and radioactive m�aterials. As used in this paragraph 16, "Envirozunental Law" means federal laws and laws of the jurisdiction where the Property is located that relate ta health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unc;onditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Ixnder's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents ta 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 Instnunent, Borrower shall collect and. receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment 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 benefit of Lender only, to be ap�lied ta the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all af the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lencier ar Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment c�f 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 ta enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. Hawever, I.ender or a judicially appointed receiver may do so at any ti��e there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or r�nnedy of Lender. This assignment of rents c�f the Property shall terminate when the debt secured by the Security Instrument is paid in hxll. ��4Ft�NE) �asoi� Paga 6 of S Initials: ��