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20100952� 13. Natices. Any notice to �3orrower provided f'or in this 5ecurity Instrument shall be given by dclivering it or by mailing it by first cla,ss mail unless applicable law requires use of another method. The notice shall be directed ta the Fraperty Address or any other address Borrower designates by notice to [,ender, Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender d�signates by notice t� Barrower. Any notice provided far in this Security Instrument shall be dcemed to have been given to Sorrower or C,ender when given as pravided in this paragraph. 14. Governing L,aw; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is lacated. In the event chat any provisian or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect ather provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared ta be severable. 15. 8orrower's Copy. Borrower shall be given one conformed capy af the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not causc or p�rmit the presence, usc, disposal, storage, or release of any Hazardvus Substances an or in the Property. Borrower shall not do, nor allow anyane clsc to do, anything affecting the Property that is in violation of any Enviranmental Law. 'The preceding two sentences shall not apply ta the presence, use, or storage on the Property of small quantities af Hazardous Su6stances that are generally recognized to bc appropriate to normal rasidential uses and to maintenance of the Praperty. Borrower shall pramptly give C.ender written notice of any investigatian, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party invalving the Property and any 1-�azardous Substance ar Environmental Law of which Borrawer has actual knawledge. If Borrower learns, or is notified by any governmental or regulatory autharity, that any remaval or other remediatian of any Hazardous Substances affecting the Property is necessary, Borrower shall pramptly take all necessary remedial actions in accordance with Environmental L,aw. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petrolcum products, toxic pesticides and herbicides, volatile solvents, matcrials containing asbestos or forrnaldehyde, and radiaactive materials. As used in this paragraph 16, "Environmental I.aw" maans federal laws and laws of che jarisdiction where the Praperty is located that relate to health, safety ar environmental protection. NON-UNIFORM COVENANTS. 13orrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers ta Lcnder all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agenis to callect the rents and revenues and hereby directs each tenant af the Property to pay thc rents to Lender or Lender's agents. Howevcr, prior to Lender's notice to Borrawer of Borrower's breach of any covenant ar agreement in the Security (nstrument, Barrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of I.ender and Borrower. This assignmenl of rents canstitutes an absalute assignment and not an assignment for additional security anly. If Lender gives nvtice of breach to Bprrower: (a) al] rents received by Borrower shall be held by Barrower as trustee for bene�t of Lender anly, to be applied to thc sums secured by the Security Instrument; (b) Lender 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 ta Lcnder or I,ender's agent on Lender's written demand ta the tenant. Borrowcr has not executed any prior assignment of the rents and has not and will nnt perform any act that would prevent �.endcr from exercising its rights under this paragraph 17. Lender shall nat be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Sorrower. Hawever, Lender or a judicially appointed receiver may do so at any time there is a brcach. Any application of rents shall not cure or waive any deFault or invalidate any other right ar remedy of C,ender. This assignment of rcnts of the Aroperty shall terminate when the debt secured by the Security Inscrument is paid in full. 1351Q16795 /'� In4lals�� • r.. /• � � VMP�'-4N�NE��oaor�oi Paga6oi8 ��