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2 01008856 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law rcquires use of another method. The notice shall be directed co the Property Address or any other address Borrower designates by notice to Lender. Any notice to I,ender shall be �;iven by �rst class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security lnstrument shall be deemed to have been given lo Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This 3ecurity 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 conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one confornicd copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or pennit the presence, use disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone clse to do, anything affecting the Property that is in violation of any Environmental Law. The preccding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are gcnerally recognized to be appropriate to norn�al residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, deit�and, lawsuit or other action by any governmental c�r rcgulatory agency or private party involving the Property and any Hazardous Substance or Environinental �,aw of which Borrower has actual knowledge. if Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other reznediation of any Hazardous Substa�tces affccting the Property is necessary, Borrower shall promptly takc all necessary reinedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by F,nvironmental Law and the following substances: gasoline, kerosene, other t7ammablc or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where thE Property is located that relate to health, safety or environmental protection. NON-LINIFORM C�VENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignnient of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorites Lendcr or Lender's agents to collect thc rcnts and revenues and hereby dirccts each tenant of the I'roperty 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 agreement in the Security Instrument, Borr��wer shall collcct and receive all rents and revenues of the Property as trustee for the benefit of Lendcr and Borrower. This assignment of rents canstitutes an absolute assig►unent a��d not an assignment for additional security only. If Lender gives notice of brcach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall bc entitled to collect and receive all of lhe rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agenl on Lendcr's written demand to the tenant. Borrower has not executed any prior �.�ssignment of the rents and has not and will not perform any act that would prevent Lender from cxercising its rights under tliis paragraph 17. Lender shall not be required to enter upon, take c�ntrol of or maintain the Property before or after giving notice af breach to Borrower. However, Lender or a judicially appointcd receiver may do sa at any time there is a breach. Any application of rents shall not curc or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terarinate when the debt secured by lhe Security Instrument is paid in full. FHA �eed of Trust-NE 4/96 VMP �y � VMP4RINE) (0809) Wolters Kluwer Financial Services l c� P�ga 6 of 9 ,. � R ` � � xa 'd� i. �;