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201008�4� 13. Notices. Any notice to Borrower provided for in this Security Instniment shall be given by delivering it or by rnailing it by �irst class mail unless applicable law requires use of another method. 'The natice shall be dire�ted to the Property Address or any other address Borrower designates by notice to L.ender. Any notice ta Lender shall be given by first class rnail to Lender's address stated herein or any address Lender designates by notice ta Borrower. Any notice provided for in this Security Instrurnent shall be deerned to have been given to Borrower or I,ender when given as provided in this paragraph. 14. Goveirning Law; Severability. This Security Instrurnent shall be governed by Federal law and the law of the jurisdiction in which the Property is lacated. In the event that any provision or clause of this Secucity Instnunent or the Note conflicts with applicable law, such conflict shall not affect ather provisions of this Security Instnunent or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrurtient and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformai copy of ihe Note and of this Security Instrurnent. 16. Hazardous Substances. Bonower shall not cause or pernut the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borcower shall not do, nar allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The praceding twa sentences shall 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 maintenance of the Property. Borrower sha11 promptly give L.ender written notice of any investigation, claim, demand, lawsuit or other action by any governrnental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower leams, ar is notified by any governrnental or regulatory authority, that any removal or other remediation of any Hazardous Substanc�s affecting the Property is ner.�ssary, Bonower shall prornptly take all necessary rernedial actions in accordance with �nvironmental I,aw. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the follovc+ing substances: gasoline, kerosene, other flaxxamable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fornialdehyde, and radioactive rnaterials. As used in this paragraph 16, "�nviroznmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers ta Lender all the rents and revenues of the Paroperty. �orrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the I'roperty ta pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreernent in the Security Instrument, Boarrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of br�ach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, co be applied to the swns secured by the Security Instrurnent; (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 Lender or Lender's agent on I.ender's written 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 pazagraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Bo�rrower. However, I.end�r or a judicially appointed receiver may do so at any tirne there is a breach. Any application of rents shall noc cure or waave any defau.lt or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terxninate when the debt secured by the Security Instrument is paid in full. FHA DeBd Of TruSt-NE 4/96 VMP � VMP4R�NE) (0809) Woltars Kluwer Financial Servicea Page 8 of e \ � r� �' � i.� t1 d .�.�