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2�10U��4D 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it ar by rnailing it by first class mail unless applicable law requires use of another method. The notice shall be direct�d 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 ta L,ender's address stated herein or any address Lender designates by natice to Borrower. Any notice provided for in this Sacurity Instrument sha11 be deemed ta have been given to Borrower or I.ender when given as provided in this paragraph. 14. Governing Law; Severabilfty. This Security Instrurnent shall be governed by Pederal 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 conflict shall not affect other provisions of this Security Instrument or the Note which can be given effecc without the conflicting provision. To this end the provisions of this Security Inscrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copq of the Note and of this Security Instrument. 16. Hazardous Substances. Barrower shall not cause or parmit the presence, use, disposal, storage, or release of any Hazardous Snbstances on or in tlae Property. Borrower sha11 not do, nor allow ax►yone else to do, anything affecting the Property that is in violation 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 uses and to maintenance of the Praperty. Barrower shall promptly 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 Hazardous Substance or Environmental Law of which Borrower has actual laiawledge. If Borrower learns,.ar is noti�ed by any govemmental or regulatory authority, that any removal ar other remediation of any Haza�rdous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this pazagraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flanunable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, rnaterials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph lb, "Environmental Law" means federal laws and laws af Che jurisdictipn where the Property is located that relate to health, safety or environmental pxotection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Barrower unconditionally assigns and transfers to J,ender a11 tl�e rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property ta pay the rents to Lender or Lender's agents. However, prior to Lender's notice ta Borrpwer of Barrowsr's breaCh of any covenant or agreement in the Security Instruruent, Borrower sha11 collect and receive al.l 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 breach to Borrawer: (a) all rents received by Borrower shall be held by $arrawer as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entiCled 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 T,ender's agent on I.ender's written demand to the tenant. Borrower has noc 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 control of or rnaintain the Property before or after giving notice of breach to Barrower. However, Lender or a judicially appointed receiver may do so at any tima there is a breach. Any application of rents shall not cure or wai.ve an.y 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. FHA peed of Trust-NE " 4l96 VMP � j VMPARINE) (0809) Wolters Kluwer Flnancial Servlces ` �� Page 6 of 9 � �D � ��" � � ,.