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2DiiQ0��5 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by deliverin�; it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Aadress or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail tc� [,ender's ad�lress state�i herc:in or any address Lender designates by notice to �3orrower. Any notice proviaed for in this Security Instrument shall be deemed to have heen given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governea by Federal law and thc law of lhe jurisdiclion in which the Property is located. ln the event that any provision or clause of this Security Inslrument. or the Note contlicts wit.h applicable law, such contlict shall not affect other provisions of this Security Inslrument or the Note which can be given eff�et without the contlicting provision. To this end the provisions of this Sccurity InsCrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrow�r shall not cause or permit the presence, use, disposal, storage, or relcase of any Hazardous Substances i�n. or in the Property. $orrower shall not do, nor allow anyone el5e to do, anything affecting the Property 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 normal residential uses and to maintenanc�: of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit. or other action by any governmental or regulatory ag�ncy or private party involving the Property and any Hazardou� Substance or Environmental I,aw of which Borrower has actual knowled�;e. If $orrower 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 Environmental I,aw. As used in this paragraph 16, "Hazardous Substances" are those substances detined as toxic or hazardous supstances by F.,nvironmental Law and the following substances: gasoline, kerosene, other flammable or loxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive ma�erials. As uscd in this paragraph 16, "Envirnnmental Law" means fcderal laws and laws of the jurisdiction where the Property is located that relate to health, safety nr environmental prot�etion. NON-IJNIFORM COVrNANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment af Rents. Borrower unconditionally assigns and transfers to Lender al) the rents and revenues of the Property. Borrower authorizes I.ender or Lender's agents to collect the rents and revenues ancJ hereby dirccts each tenant of the Property to pay the rents to Lender or Lend�r's agents. However, prior to Lender's notice to $orrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for thc bcnetit of Lender and Borrower. This assignrnent of rents constitutes an absolute assignment and not an assignmenl for additional security only. If Lender gives notice of breach to Borrower: (a) all rents rec;eived by Borrower shall be held by Borrower as trustce for benefit of Lendcr 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 th� Property; 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. $orrowcr has not executed any prior assignment of the rents and has not and will not perform any acl lhat would prevent I.,ender fr�m exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to F3orrower. ��Towever, Lender 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 dcfault or invalidate any other right or remedy of I,ender. This assignment of rents of the Froperty shall terminate when the debt secured by the Security Instrument is paid in full. �-4N�NE) 104D71 Page 6 ot 8 � '�, i 0r,,11-000204 �nicia�5:�_