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2 U�VU� r 1.70 13. Notices. Any notice td Borrower prpvided far in thrs Securrty Tnstrument shall be given by delivering it or by mailing it by first class rnail unless applicable law requires use of anather method. The notice sk►all be dire�ted tp the Property Address or any ather address Borrower designates by notice ta Lender. Any notice to Lender' shall be given by first class ma►1 to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Inshvment shall be deemed to have been given to Borrower or Lender when given as provided in this paragz'aph. l4. Governing Law; Severability. This Security Instrument shall be governed by Fedcral law and the law of the jurisdiction rn which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instcument ar the Note which can be given affect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declarad to be severable. 15. Borrower's Copy. Sorrawer shall be given one conformed copy of the Note at►d of this Security lnstrument. 16. Hazardnus Substances. Borrower shall not cause or pennit th� presence, use, disposal, storage, or release of any Hazardous Substances on ar in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Praperty that is in violation of any Environmental Law. The preceding two 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 nornaal residential uses and to mair►tet�at►ce af the Property. Borrower shall promptly give Lender written natice of any investigation, claim, demand, lawsuit or other action by any governm�ntal or regulatory agen�cy or private pariy involving the Properiy and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Sorrower learns, or is natifi� by any governmental or regulatory authority, that any rernoval or other rernediation af any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actrons in accordance with Environmental Law. As used i►t thrs paragraph 16, "Hazardous Substances" are those substances defined as toxrc or hazardous substances by Environmental Law and the following substances: ga.solina, kerosene, other flammable or toxic petroleum products, toxrc pesticides and herbicides, volatile solvents, materials containing asbestos or foz�naldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Froperty is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as fallows: 17. Assignment of Rents. Barrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property_ Borrower author`izes Lender or Lender's agents to collect the rents and ravenues and hereby d�rects each tenant of the Property to pay the rents to Lender or Lender' s agents. However, prior to Lender' s notice to Borrower of Borrower's breach of any covenant or agreement in the 5ecurity Instrument, Borrower shall collect and receive all rents and revenaes of the Property as trustee for the benefit of Lemder and Borrower. This assignment of rents constitutes an absolute 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, to be applied to the sums se�ure�i by the Security Instrument; (b) �.ender shall be entitled to collect and receive all of the rents o.f the Froperty; aa�d (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Len.der' s agent on Lender' s writter� dernand to the tenant. Borrower has not executed any prior assignment of the rents and k�as not and will nat perform any act that would pravent Lender from exercising its rights under this paragraph 17. Lender shall not be required to ertter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver rnay do so at any time there is a breach. Any applicatian of rents shall not cure or waive any default or invalidate any other rrght or remedy of Lender. This assignrnent of rents of the Property shall terminate when the debt secured by the Security Inshvrnent is paid in full. 2200097304 D V4NNE �nwe�s:�_ VMP�)�N(NE)1o4o7�.ot Page e of e 1-(_��1�. C.