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201007924 13. Notices. Any notice ta Barrawer provided for in this Security Tnstrument 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 ather address Borrower designates by notice to Lender. Any natice to L.ender shall be given by first class mail to J_,ender's address stated herein or any address T.ender d�signates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or L.ender when given as provided in this paragraph. 14. Gov�rning Law; Severability. This Security Instrument shall be goverued by �ederal law and the law of the jurisdictian in which the Property is located. In the event that any pravision ar clause of this Security Tnstrument or the Note caa�xtliuts with applicable law, such conflict shall not affect other provisions of this Security Instruinent or th� Not� which can be given effect without the conflicfing pravisian. Ta this end the provisions of this Security Instrurnent and the Note are declared to be severable. 15. Borrower's Copy. Botrawear shall be given one conformed copy of the Note and of this S�curity Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, starage, ar release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allUw anyane else to do, anything affecting the Property lhat is in violation of any Environmental Law. The preceding twa sentences shall not apply to the presence, use, or storage on the Property of small quantities of �Iazardaus Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Praperky. Sorrow�r shall pramptly give Lender written notice af any investigation, claim, demand, lawsuit or other action by any goveriunental or rcgulatory agency or private party involving the Property and any Hazardaus Substance or Environmental Law af which Borrower has actual knowledge. If Borrower learns, or is notified by any gavernmental or regulatory autharity, that any removal or other remediation of any Hazardous Substanccs affecting the Parap�rty is nectssary, Borrowsz' shall proinptly take all necessary remedial actions in accordanc� with �uvirannr►ental I.,aw. As used in this paragraph 16, "Hazardous Substances" are those substanc�s defin�d as taxic or hazardous subslanc�s by Environmental I,aw and the following substancES: gasolin�, kerosene, ather flammable or toxic petraleutn products, toxic pesticides and herbicides, vc'�latil� solv�nts, nnaterials containing asbestos or formaldehyde, and radic�active materials. As used in this paragraph 16, "Environm�nta.l I.aw" means federal laws and laws of the jurisdictian where the Properiy is located that relate ta health, safety or environmental protection. NON-UIVIFORM COVENANTS. Borrower and Lend�r further covenant and agree as follows: 17. Assignrnent of Rents. Borrower unconditionally assigns and transfers t� Lender all the rents and revenues of the Praperty. Borrower authorizes I.ender or I.ender's agenis t� collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or I.ender's ag�nCs. Hawever, prior to Lender's notice to Borrower of Borrower's breach of any covenanl or agr�Gment in the S�cuarity Intitrument, Borrower shall collect and receive all rents and revenues Uf th� Prop�rty as trustee for the benefit of Lender and Borrower. 1'his assignnient of rents constitutes an absolut� assignment and nat an assignment for additional security only. If T.ender gives notic� af breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lend�r anly, ta b� applied to the sums secured by the Security Tnstrument; (b) Lender shall be 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 I,ender or Lender's agent an I.endsr's �+z'itten 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. Lender shall not be required to enter upon, take cantrc�l of or maintain th� Praperty before or after giving notice of breach to Borrower. However, L.ender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default ar invalidate any other right or remedy of Lender. 1�is assignment of rents of the Fraperty shall terminate when the debt secured by the Security Instrument is paid in full. Q�j�'��FR(NE) ieeoi i Pape 6 of 8 Iniciais: ��