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201009350 13. Notices. Any notice to Bc�rrow�r pravided for in this Security Tnstrument shall be given by delivering it or by mailing it by first class mail unl�:ss applicable law requires use of another method. The natic� shall be directed to the Properfy Address ar any other address Borrower de:signates by notice to Lender. Any notice to Lender shall b� giv�n by first class rnail to Lender's address stat�d herein ar any address Lender designates by naticc: W�orrawer. Any nUlic� provided for in this Security Instrumcnt shall be deemed to have been given to Borrower c�r I,cnd�:r whcn given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be g�verned by Federal law and the law of the jurisdiction in which the Property is located. In the evc;nt that any pr�visian or clause of this Security Tnstrument ar lh� Note conflicts with applicable law, such conf7ict shall not affect other provisions of this Security Tnstrument or the Note which can be given effect without the conflicting provisi�n. T� this end the provisions of this Security Instrument and the Note are de:clared ta be severable. 15. Borrower's Copy. Borrower shall hc giv�n ane conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall nat cause or permit the presence, use, disposal, storage, or release of any FIazardous Substances on or in the Property. Borrawer shall not da, nar allow anyone else to do, anything affecting the Property that is in vi�latian Uf any Environrnental Law. The preceding two sentences shall not apply ta the presence, use, or storage on [he Propsrty of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Prap�rty. 13orrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governrnental c►r regulatory agency or private party invc�lving the Praperty and any Hazardous Substance or �nvironmcn�al Law �f which Borrower has actual kn�wledge. If Borrowur learns, or is notified by any governrnental or regulatory autharity, that any removal or other remediation of any Hazardaus Substances affecting the Yroperty is necessary, Burrower shall proinptly take all necessary remedial acCicrns in acc:Urdance with Environrnental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic ��r hazardaus substances by Envirunmental Law and the following substances: gasoline, kerosene, oth�r f]ammable ar taxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radiaactive materials. As used in this paragraph 16, "Environmental Law" m�ans federal lar�vs and laws af kh� jurisdiclion where the Pr�perty is located that relate to health, safety or environmcnlal prratcction. NON-UNIFORM COVENANTS. Borrower and I.,endcr further cov�nant and agree as follows: 17. A,ssignment of Rents. Borrower unconditionally assigns and transfers to I.,cnder all the rents and revenues of the Property. Borrower authoriacs I.ender or I,�nder's ag�nts tu callect LhC rents and revenues and hereby directs each tenant of the Property to pay the rents to Lendc:r or Lender's a�enls. Ilawever, prior to L,ender's natice to Borrower of 13onower's breach of any covenant ar agreement in the Security Instrument, Borrower shall collect and receive all rents and revenucs of lh� Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assigxunent for additional security only. If I,end�r gives notice of breach to Borrower: (a) all rents received by Borrower shall bc hcld by Sarrower as trustec tor benefit of I,ender only, to be applied to the sums secured by the Security Instrumen[; (b) Lender shall be �:ntitl�d t�� collect and receive all of We rents of the Property; and (c) each tenanl of lhe Prc'�p�r[y shall pay all rents due and unpaid ta I.e:nd�r or Lender's agent on L.ender's written demand to the tenant. Borrower has nc�t e xccuted any prior assignment of the rents and has not and will not perform any act that would prevent T.ender frc�m excrcising its rights under this paragraph 17. Lender shall not bC required ta enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, I,ender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Properly shall lerminatc when Lhc dcbl secured by lhe Sccurity Ins[rument is paid in Full. Q �j'Q�4RINE) isea� Paqa B of 8 Initials:�!� �"