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20100928i 13. Noticss. 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 reyuires use of another method. The notice shall be directed ta the Property Address or any other address Borrower designates by nocice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided ln this paragraph. 14. Governing Law; Saverability. 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 Securlty 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 pravisian. To this end the provisions of this 5ecurity Instrument and the Note are declared to be severable. 15. Sorrower's Copy. Borrower shall be given one conformed capy 4f the Note and of this Security Instrument. 16. Hazardous Subatancea. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nar allow anyone else to da, anything affecting the Property that is in violation of any �nvironmental Law. The preceding two sentences shall not apply to the presence, use, or storage on th� Property of small quantities of Hazardous Suhstances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written nvtice nf any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Froperty and any Hazardous Substance or Environmental �,aw of which Borrower has actual knpwledge. If Barrower learns, or is notified by any governmental ar regulatory authority, that any removal or other remediation of any Hazardpus Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environrnental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic nr hazardous substances by Environrnental Law and the following substances: gasoline, kerosene, ather flammable pr tnxic petroleum products, toxic pesticides and herbicides, vqlatile salvents, 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-UNIFQRM 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. Barrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to I.ender's notice to Borrower of Borrawer's breach of any covenant or agreement in the 3ecurity Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the beneflt of Lender and Borrower. This assignment of rents constituces an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach 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 Instcument; (b) I.ender shall 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 not executed any prior assignment of the rents and has not and will nat perfarm any act that would prevent Lender from exercising its rights under this paragraph 17. �,ender shall not be required to enter upon, take cantrol of or maintain the Praperty before or after givin� notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall npt cure nr waive any default or invalidate any other right or remedy nf Lender. This assignment of rents of khe Prnperty shall terminate when the debt secured by the Security Instrument is paid in full, V-4N(NE) (oao�).o� Page 8 of 8 � N� ��•� ��