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2ai�oo�ss 13. Nokices. Any natice to T3orrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law rcquires use of another method. "!"he notice shall be directed to the Property Address ar any other address �3orrower designates by notice to Lender. Any notice to C,ender shall be given by first class mail to Lender's address stated herein or any address Lender designates by natice to Barrower. Any notice provid�d for in this Security Instrument shall be deemed to have been given to Borrower or L�nder when given as provided in this paragraph. l4. Governing I,aw; Severability. This Security Instrument shall be governed by Federal law and the law af' the jurisdiction in which the Property is located. Tn the eveni that any provision ar clause of this Security Instrument or the Nate conflicts with applicable ]aw, such conflict shall not affect other provisions of� this Securiry Instrument or the Natc which can be given effect without the canflicting provision. To this end the pravisions of this Security Inscrurnent and the Note are declared ta be severable. 15. Borrower's Copy. Borrower shal] be given one conformed copy of' the Nate and nf this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, dispasal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting thc Property that is in violation of any $nviranmental Law. The preceding two sentences shall not apply to the presence, use, or stnrage on the Froperty of srnall quantities af Hazar-dous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Barrower shall promptly give Lender written notice af any investigatian, claim, demand, lawsuit or athcr action by any governmental or regulatory agency ar private party involving the Property and any Hazardous Substance or �nvironmental I,aw of which Borrower has actual knowledge. If Borrower learns, or is notified by any governmenta] or regulatory authority, that any removal or other remcdiatinn of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph I6, "Hazardous Substances" are those substances defined as taxic or hazardous substances by Environmental Law and the following substances: $asolina, kerosene, ather flammable or toxic pctroleum products, toxic pesticides and herbicides, volatile solvcnts, materials containing asbestos ar formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws af thc jurisdictian where the Property is lacated that relate to health, safety or environmental protectian. NON-UNIFORM COVENANTS. Borrawer and Lender turther covenant and agree as follows: 17. Assignment of Rents. Borrower uncanditianally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to callect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to i.ender's notice to Borrawer of Borrower's breach of any covenant nr agreement in the Security Instrument, Barrower shall collect and receive all rents and revenues of the Praperty as trustee for the benefit of Lender and Barrower. This assignment of rents canstitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrnwer: (a) all rents rcceived by Borrawer shall be held 6y Barrower as trustee for benefit of T.ender only, to be applied to the 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 t�nant of the Property shall pay all rents due and unpaid to Lender or I�ender's ageni on Lender's written demand to the tenani. Barrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not ba required to entcr upon, take cantrol af or maintain the Frpperty before ar after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any timc there is a breach. Any applicatian of rents shall not cure or waive any default ar invalidate any ather right or remedy of Lender. This assignmcnt of rents of the Praperty shall terminatc when the de6t secured by the Security Instrument is paid in full. 88009D1727 ��901727 Initials: V M P�-4 N(N E) (04 0� ).o i Paga 8 of 8