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201008914 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be givcn by delivcring it or by mailing it by first class mail unless applicable law requires use af another method. The notice shall be directed to the Property Address or any other address Borrowcr designates by notice to t.ender. Any notice to Lender shall b� given by first class mai] to Lender's address stated herein or any address Lender designates by notice ta Borrower. Any natice provided for in this Security Instrument shall be deerned to have been given to Borrower or T.ender when given as provided in this p�ragraph. 14. Gaverning Law; Severability. This Security Instrument shall be governed by Federal ]aw and the law or tha jurisdiction in which thc Prnparty 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 othcr provisions of this Security Instrument or the Note which can he given effect withaut the conflicting provision. To this end thc provisions of this Security Instrument and tha Note are declared to be severable. 15. Borrower's Copy. Borrower shall be �iven ane conforrned copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause ar permit the presence, use, disposal, storagc, or release of' any Hazardous Suhstances on or in the Property. Borrower shall not do, nar allow anyane else to do, anything affecting the Property that is in violation of any Enviranmental Law. The preceding two sentences shall not apply ta the prescnce, use, or storage an the Property of smal] quantities of Hazardous Substances that are generally recagnized to be appropriate ta normal r�sidential uses and ta maintcnance of the Property. Borrower shall promptly give Gender written notice of any investigation, claim, demand, lawsuit or other action by any �overnmental ar regulatory agency or private party involvin�; the Property and any Hazardous Substance or Enviranmental Law of which Borrower has actual knnwladge. If Borrower learns, or is notified by any governmental or regulatary autharity, that any remava] or other remediation of� any Hazardous Substances affectin� the Property is necessary, F3arrower shall pramptly take all necessary rcmcdial actions in accordance with Environmental Gaw. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental �,aw and the following substances: gasoline, kerosene, other flammable ar toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestas or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws af the jurisdiction where the Praperty is located that relate to health, safeiy or environmental protcction. NON-IINIFURM COVENANTS. Borrower and I�ender further covenant and a�ree as fvllows: 17. Assignment af Rents. Borrower uncanditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower autharizes Lender or L.ender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender ar C�ender's agents. However, prior ta Lender's notice to Sorrower o#� Borrower's breach af any covenant or agreement in the Security instrument, f3orrower shall callect and receive all rents and revenucs of the Praperty as trustee for the benefit of Lender and Horrower. This assignment of rents constitutes an absolute assignment and not an assignment for additiona] security anly. If Lender gives notice of breach to Borrow�r: (a) all rents received by Borrower shall be held by f3orrower as trustee for benefit of Lender only, tp be applied to the sums secured by the Security Instrument; (b) I.ender shall bc entitled to collect and receive all of the rents of thc Property; and (c) each tenant of the Properry shall pay all rents due and unpaid to Lendar or Lender' s agent on Lender' s written demand to the tenant. Borrower has not executed any prior assignment of the rent5 and has not and will not perform any act that would prevent Lender fram exercising its rights undcr this paragraph 17. Lender shall not be required to enter upan, take control of or maintain the Property before ar after giving notice of breach to Barrower. However, Lender or a judicially appointed receiver may do sa at any time there is a breach. Any application of rents shall not cure ar waive any default or invalidate any other right ar remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. 1351015924 � inui �-4N(NE) �oaor� Paoe s or a �