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241009533 13. Notices. Any notice to Bonower provided for in khis Security Instrument shall be given by dc;livering it or by mailing it by first class rnail unless applicable law requires use af anuth�r melhnd. The notice shall be directed tc� the Property Address or any other address Borrower designates by natic� lo Lendcr. Any notice to L.ender sha11 bc given by first class mail to L.ender's address stated herein or any address Lr:nder designates by notice to Borrawer. Any notice provided for in this 5ecurity Instrument shall be deemed tp have been given to Borrower or Lend�r when given as provided in this paragraph. 14. Governing Law; Severability. This Security Tnstrument shall b� governed by Federal law and the law of the jurisdiction in which the Property is lncated. In the event thak any pxUVision or clause of this Security Instrumcnt or the Note cont]icts with applicable law, such canflict shall not affect other prc�visiUn.s of this Security Instrument ar the Note which can be given effect without thc conllicting provision. To this end th� provisions of this Secur'rty Tnstrument and th� Note are declared to be severable. 15. Borrower's Copy, Bprrower shall be given one confprmed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Bartawer shall not cause or permit th� pr�s�nc�., use, disposal, storage, or r�lcase of any Hazardous Substances on or in tt�� Property. Borrower shall not dp, nor allow anyone else to do, anylhing affecting the Property that is in violatian af any Environmental Law. The prsceding two sentences shall not apply to th� presence, use, or storage on the Prap�r[y of small quantities of Hazardaus Substances that are g�nerally recognized to be appropriate to normal residential uses and to maintenance of th� Pmperty. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or oth�r action by any gpveriunental or regulatory agency or private party involvin$ the Property and any Hazardous Substance c�r Environmental I,aw of which Borrower has actual knowledge. If Borrower learns, or is notified by any governrnental or regulatory autharily, that any removal or other remediatian af any Hazardous Substances affeGting the T'roperty is necessary, Borrower shall pramptly take all necessary remedial actions in accordance with Enviranmental T.aw. As used in this paragraph 16, "Haaardous Substances" are those substances defined as taxic or hazardous substances by Environmental I,aw and the following substanccs: gasoline, kerosene, other flammable or toxic petroleum products, taxic pesticides and herbicides, volatile salvents, materials containing asbestos ar formaldehyde, and radioactive mat�rials. As used in this paragraph 16, "�nvirr�nmental T.aw" means federal laws and laws of the jurisdiction where the Prnperty is lc�cated that relate to health, safety c�r environmental protection. NON-UNIFORIvT COVENANTS. Boarrower and Lender further covenant and agr�:e as follows: 17. Assignment of Rents. Borrower uncqnditionally assigns and transfer� ta I,�nder all the rents and revenues of th� Property. Borrower authorizes Lender car I,cnder's agents to collect th� rents and revenues and hereby dirc:cts each t�nant of the Property to pay the rents to I.ender or T.ender's agents. However, prior to L.ender's n�ticc to Borrpwer of Borrower's breach of any covenanC or agreement in the Security Instrument, Sorrower shall coll�ct and receiv� all rents and revenues of the Praperty as trustee for the benefit af LEnder and Borrower. 11zis assignmenl of rents constitutes an absolute assignment and np[ an assignment for additional s�curify only. If Lender gives notice of breach to $orrpw�r: (a) all rents received by Borrower shall be held by �pnrower as trustee fpr benefit of T.ender only, to be applied to the sums secured by the Security Instrument; (b) Lender ahall be entitled kc� collect and receive all of the rents of th� Property; and (c) each C�nant cif the Property shall pay all rents due and unpaid to I,ender or Lender's agent on L,ender's written demand to the keraant. Borrower has nok executed any prior assignment of the rents and has not and will nc�t perform any act that wc�uld prevent Lender from �x�rcising its rights under this paragraph 17. Lender shall nal be rcyuircd to enter upon, take control of or maintain the Prap�rty before or after giving nulice of breach to Borrower. Hawever, Lc.nder 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 T.ender. This assignment of rents of the Property shall terminate when the debt se�ured by the Security Insttvment is paid in full. ��4R�NE) �aeoi 1 Px9e 6 af 8 Initials:��