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201007983 13. Notices. Any notice to Sorrower provided for in this Security Instnuiaent shall be given by delivering it or by mailing it by �irst class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower desi�ates by notice to Lender. Any notice to Lender ahall be given by first class mail to Lender's address stated herein or any address Lender deaignates by notice to Borrower. Any natice provided £or in this Security Inshument shall be deemed to have been given to Borrower or Lender when given as provided ian this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. Iu the event that any provision or clause of this Security Instiument or the Note conflicts with applicable law, such canflict shall not affect othear provisions of this Security Instrurnent or the Note which can be given effect without the conflicting provision. 'T'o this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Sonrower shall be given one canformed copy of the Note and oF this Security Iustrument_ 16. Hazardous Substa�ces. Borrower shall not cause ar 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 Properiy that is in violation of any Environmental Law. The preceding two sentences shall nnt apply to the presence, use, or storage on the Property of sma11 quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Sorrower shall prornptly 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 Hazardaus Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is noti�ed by any governmental or regulatory authority, that any removal ar other remediation of any Hazardous Substances affecting the Praperty is necessary, Borrowcr shall promptly take all necessary remedial actions in accordance with Environmental Law. As nsed in this paragraph 16, "Hazardaus Substances" are those aubstances defined as toxic or hazardous subatances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic peaticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph lb, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental pratection. NON-LTNIFORM COVENANTS. Barrower 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 Property. Sorrower 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 natice to Sorrower af Borrower's breach of any covenant or agreement in the Secutity Instrument, Borrower shall collect and receive all rents and rev�nues of the Property as trustee for the benefit of Lender and Borrower. This assi�nment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice o£ breach to Borrower: (a) all rents received by Borrower shall be held by Barrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instnunent; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Propetty shall pay all rents due and unpaid to Lender or T.ender's agent on Lender's written demand to the tenant. Bortower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from �xercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Pmperty before or after giving notice af braach to Borrower. However, Lender or a judicially appointed receiver may do so at any time ihere is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or reinedy of Lender. This assignment of rents of the Property shall termit�ate when the debt secured by the Security Instrument is paid in full. � �-4R(NE) �sao�� Page 8 of 8 Initials:�