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� 201Q0949� l3. Notices. Any notice to Borrower provided for in this Security lnstrument shall be �iven by delivering it or by mailing it by first class mail unless applicable law requires use af another methad. The notice shall be directed to the Property Address or any ather address Bonrower designates by natice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein ar any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Barrawer or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instruxnent 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 Security Instrument or the Npte conflicts with applicable 1aw, such conflact sha11 not affect other provisions of tlais Security Instrument or the Note which can be given effect without the conflicting provision. �'o thia end the provisi�na of this Security lnstrument and the Nate are declared to be severable. 1S. Borrower's Copy. Borrower shall be given qne conformed copy of the Note and of this Security Instrument. l6. Hazardous Substanees. Borrawer shall not cause �r permit the presence, use, disposal, storage, or release of any Hazardous Snbstances on or in the Prpperty. Borrowez shal] not do, nor allow anyone else to do, anything affecting the Properiy that is in violation of any Environmenta] Law. The preceding twa sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential use� 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 re�ulatory agency or private parcy involving the Property and any Hazardous Substance ar Environmental Law of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous 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 Substancns" are those substances defined as taxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental T..aw" means federal laws and laws of the jurisdiction where the Property is located that relate tn health, saFety or environmental protection. NON-LTNIFORM COVENANTS. Borrower and Lender further covenant and agree as fallows: 17. Assignment of Rents. Borrower unconditianally assigns and transfers to Lender a11 the rents and revenues of the Praperty. Borrower autk►orizes Lender or Lender's agants 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, priar to Lender's notice to Borrower of Borrower's breach af any covenant or agreernent in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absqlute 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, tp be applied to the surns secured by the Securiry Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Prpperty; 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. Sorrower has not executed any prior assignrnent of the rents and has nat and will nat perform any act that would prevent Lender from exercising its rights under this paragraph 17. I,ender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach ta Sorrower. However, Lender or a judicially appoint�d receiver may do so at any time there i� 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 Property shall terminate when the debt secured by the Security Instrument is paid in full. 0451019798 4/96 VMp �ed of 7rust-NE , ��VMP4R(N� (0809) Wolters Kluw ar Financial Services Page 6 of 9