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2oioos9oi 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. T'he covenants and agreements of tl�.is Security Instrurnent shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph 9(b). Boz�rower's covenants and agreements shall be joint and several. Any Bor�rower who co-signs this Securiry Instrument but does not execute the Note: (a) is co-signing this 5ecurity Instrument only to mortgage, grant and canvey that Borrower's interest in the Property under the tez�ms of this Security Instrurnent; (b) is not personally obligated to pay the sums secured by this Security Instrurnent; and (c) agrees that Lender and any other Bonower may agree to extend, amadify, forbear or make any accommodations with regard to the terms of this Security Inst�rrument or the Note without that Borrower's consent. 13. Notices. Any natice to Borrower provided for iui this Security Insmzment shall be given by delivez�ing 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 Barrower designates by notice to Lender. Any natice to Lender shall be given by first class rnail to Lender's address stated herein or any address Lender designates by natice to Borrower. Any notice provided for in this Security Instrur.n.ent shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing La�v; 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 Securiry Instrument or the Note conflicts vvith applicable law, such conflict shall not affect other provisions of this Security Tnsmiment or the Note which can be given effect without the conflicting provision. To this end the provisions of this Securiry Instrum�nt and the Note are declared to be severable. 15. Borrovver's Copy. Borrower shall be given one conformed copy of the Note and of tJxis Security Tnstrument. 1G. Hazardous Substances. Borrower shall not cause or pez�mit the presence, use, disposal, storage, or release of az�y Hazardous Substances on or in the Property. Barrawer shall not do, nor allow anyone else to do, anytbing affecting the Property that is in violation of any Enviranmental Law. The preceding two sentences shall not apply ta the presence, use, or storage on the Property of small quantities of Hazardous Substances t1�at are genarally recognized to be appropriate to normal residentia� uses and to maintenance of the Properry. Borrower shall promptly give Lender written notice of any investigation, claun, demand, lawsuit or other action by any governmental or regulatory agency or pxivaCe party invalving the Property and any Hazardous Substance or �nvironmental Law of which Borrower has actual lrnowledge. Tf Borrower learns, or is notified by any gavernmental or regulatory authority, that any removal or other remediation of any Hazaxdous Substances affecting the Property is necessary, Borrower shall protanptly talce all necessary remedial actions in accordance with Environmental Law. As used in this Paragraph 16, "Hazardous Substances" are Chose substances defined as toxic or hazardous substances by Environmental Law and the followfng substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and hez'bicides, volatile solvents, materials cantaining asbestos or foz�naldehyde, and radioactive materials. As used in this Paragraph 16, "Environmental Law" rneans federal laws and laws af the jurisdiction where the Property is located that relate to health, safety or environmental pratectian. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Barrawer uncanditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authoriz�s Lender or Lender's agents to collect the xents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lendex's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instriunent, Borrower shall coilect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absalute assignment and not an assignment for additional security only. If Lender gives notic� of breach to Borrower: (a) all rents received by Borrower shall be held by Barrower as trustee for benefit of L.ender anly, to be applied to the sums secured by the Secuarity Instrument; (b) Lender shall be entitled to callect and receive all of the rents of the Properry; and (c) each tenant of the Praperty shall pay all rents due and unpaid to Lender or Lender's agent on L.ender's written demand to the tenant. Borrower has not executed any prior assignznent of the rents and has not and will not perform any act that would prevent I.ender from exercising its rights under this Paragraph 17. 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