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201�09338 13. Notic�es. Any notice to Barcower provided for ia this S�curity Instrument shall be given by delivering it or by mailing it by first clasa ma�1 unless applicable law x�equi�s use of anatl�cr tnethod. The notice shall be directed to the Prop�rty Address or any other addresa Borrower designates by notice to Lender. Any n�tice to L.en.der shall be given by �irst class mail to I.,end�r's addresa stated herein or any address Lendar designates by notice to Borrower. Any notice pmvided for in this Sccurity Ipstniment shall be deemed to have been given to Borrower ar Lender when given as provided in tlus paragraph. 14. Governing Law; SeverabiUty. This Security Instrument shall be governcd by Pederal law and the law of the jurisdiction i�n which the Property is lacated. In the event that any provision ox clause of tlus Security Insirument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Se�urity Instrument or the Note which can bc given effect without the canflicting provision. To this end the p�rovisions of this Security Instrument and the Notc are declared ta be severable. is. Sorrower's Copy. Borrower shall be givcn one confor�x►ed copy of the Note and of this Security Instrument. 16. �iazardous� Substances. Borrower shall not cause or permit the presence. use, disposal, storage, or release of any Hazardous Substances on ar in th,c Property. Bonower shall not da, nor allow aayone elsa to do, anything affecting the Property that is in vialatian of any Environmental Law. '�'he preceding two sentences sha11 not apply to the presence, use� or storage on the Property of small quantities of Hazardous Substances that are generally recognized ta be apprnpriatc to norm�al residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory a$ency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual �owledge. If Borrower learns, or is notified by any governmental or regulatory authority� that any removal or othcr reracdiation af any Hazardous S�bstances affecting the Property is necessary, Borrower shall pmmptly take all necessary remedial actions in accordance with Enviranmental Law. As used in this paragraph 16, "Hazardous Substanc@s" are those substances defined as toxic or hazardaus substances by Environmental Law aud the following substances: gasoliuue, kerosene, other flammable ar toxic petmleum products, touc pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. Aa 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-UNII�ORM COVENANTS. Borrower and Lender further covcnant and agree as fallows: 17. Adssignment of Renta. Borrower unconditionally assigns a�nd trausfers tv Lender all the rents and reveaues of the Property. Borrawer authorizes L.ender or I.ex►der's agents to callect the rents and revenues and hereby directs each tenant of the Property to pay the rents W Lender or Lender's agents. However, prior to Lender's notice ta Bormwer of Borrower'a breach of any covenant or agreement in the Security Instnunent, Bo;rrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of L,endcr and Borrowcr. This assignment of rents consritutes au absalute asaignment an�t not an assignment for �dditional security only. If Lender gives natice of brcach to Borrower: (a) all rents received by BorrovNer shall be h�ld by Borrower as trustee for beaefit of L�ender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entitled to collect and receive all af ttte rents �f the Property; and (c) each tenant of the Properry shall pay all rents due and unpaid to I.ender or L,ender's agent on Lender's written demand to the tenant. Barrower haa nat executod any prior assignment af the rents and has not and will nat perform any act that wauld prevent I�ndcc from exercising its rights under this paragraph 17. Lender shall not be required to �nter upon, take cantrol of or maintain the Property beforc or after giving notice of breach to Borrower. However, Lander or a judicially appointed receiver may do sa at any time therc is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or reme�ty of Lender. 'Y"his assignment of rents of the Properry shall tern�e when the debt secured by the Security Instrument is paid in full. FMA Pead of Tnut-NE 4/98 VMP � VMP4R(NEI (080D) Woltara KIuWN FlrwwlN Sa►vias PepB 8 af 9