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2otoos3g� 13. Natices. Any notice to Barrower provided for in this Security Instrument shall be given by deliverian� 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 mai] to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided far in this Security Instnunent shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing I.aw; Severability. This Security Instrument shall 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 canflict shall not affect other pravisions of this Security Instrument or the Note which can be given effect without the conflicting provision. T"o this end the provisions of this Securiry Instrument and the Note are declared to be severable. 1S. Borrower's Copy. Borrower shall be given dne conformed copy of thc Note and of this Security Instrument, l6. Hazardous Substances. Borrow�r shall not cause pr 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 Property that is in violatian of any Environmental Law. The preceding two 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 usas and to maintenance of the Property. $orrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or re�ulatory agency or private party involving the Property and any Hazardons Substance or Environmental Law of which Borrower has actual knowledge. If Borrower lcarns, 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 shal] 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 ar hazardous substances by Environmental Law and the following substances: gasoline, kerosene, ather flanunable or toxic petroleum products, ioxic pesticides and herbicides, volatile solvents, materials containing asbestos or for►naldehyde, and radioactive materials. As used in this paragraph 16, "Environznental Law" means federa] laws and laws of the jurisdiction where the Prnperty is located that relate to health, safety or environmental protection. NON-CTNIFORM COVENANTS. Borrower 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. Borrower authorizes Lender or Lender' s agents to collect the rants 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 notice to Borrower of Borrower' s breach of any covenant or agreernent in the Security lnstrurnent, 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 constitutes an absolute assignrnent and not an assignment f�r additiona] security only. If Lender �;ives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Bonower as trustee for benefit of Lender only, ta be applied Co the sums secured by the Security Instrument; (b) Lender sha11 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 Lender's written demand to the tenant. Borrower has nat execut�d any prior assignment of the rents and has not and will not perform any act that would prevent Lender frorn exercising its rights under this paragraph 17. Lender shall nat be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appainted receiver may do so at any time there is a breach. Any application of rents shall not 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 Instrument is paid in full. 1351014892 �� ! �-4N(NE) (oaa�) Page6 ot 8 �