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20110�304 13. Notic:es. Any noticc k� Borrower provided for in this SecuriCy Instrumcnt shall be given by delivering it or hy mailing it by firsl class mail unless applicable law requires use of anqt.her methc>d. The notice shall be directed to the Property Address or any �thcr address Borrower designates by notice to I.,cnder, Any nc�tice to T,ender shall be given by first class mail tc� I.ander's address stated herein or any address I,endcr dcsignates by notice to Borrower. Any notice provided for in this Security Ins[rument shall be deemed to have been given tn Banrc�wer or T.ender when given as provided in this paragraph. 14, Governing Law; Severability, 'I'his Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is locatcd. In the event that any provision or clause: of Ihis Security Instrument or the Note conflicts with applicable law, such conllict shall not affect other provisions �f this Security Tnstrument or the Note which can be given effect withouC the conflicting provision. To this end th� provisions of this Security Instrument and the Note are declared to be severahle. 15. Borrower's Copy. I3orrower shall be given one conformed copy of the Nat� and of this 5ecurity Instrument. 16. Hazardous Substances. Borrower shall n�t cause or permit the presence, use, disposal, storage, or release of any Hazardous 5ubstances on or in the Property. Borrower shall not do, nor allow anyone clse to do, anything affecting the Prpperty lhal is in violation of any Environnxenlal I,aw. The preceding two sentences shall not apply to the presence, use, or sLGrage c�n the Property of small quantities c�f Hazardous Substances that ar�: gcnerally recognized to be apprp�riate ta normal residential uses and to maint�nance of the T'roperty. Borrower shall promptly give I..e;nder written notice of any investigation, claim, demand, lawsuit ar qthcr action by any governrnental c�r regulatory agency or private party invplving the Property and any Hazardpus Substance or �;nvironmental Law of which Bnnr�wer has actual knowledge. If 134rrower leams, or is notified by any govemmental or regulatory authprily, lhat any removal or other remediaCipn of any Hazardous 5ubstances aff�rting the Property is necessary, Borrower shall prc�mptly take all necessary renr�edial actions in accordance with Environmental L,aw. As used in lhis paragraph 16, "Hazardous Substanccs" are those substances defined as foxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other 1'lammable or toxic petroleurn products, toxic pesticidas and herbicides, volatile s�lvenls, materials containing asbestos vr formaldehyde, and radioactive materials. As uscd in this paragraph 16, "Envirc�nmental I,aw" means federal laws and laws of the jurisdiction where the Property is locdted lhat relate to health, safety pr �nvironmental protection. NON-UNTFORM CUVENANTS. Barrawer and Lender further covenanl and agree as follows: 17. Assignment of Rents. Barrc�wer unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower autharizes Lender or r.ender's agents to collect the rents and revenu�s and hereby directs each tenant of the Property to pay the rents to Lender or I.,cnder's agents. However, pri(�r lc� Lender's notice to Borrower of I3orrower's breach qf any covenant or agreement in the Security Instrument, Borrpwer shall collect and receive all rents and revenues of the Prpperty as trustee for the benr.fit of Lender and Borrower. This assignment of rcnts constitutes an absolute assignrnenl and n�t an assignment for ac�diCic�nal security only. If Lender gives notice of breach to Barrower: (a) all rents receivud by Borrower shall be held by Borrower as trustec fc�r benefit of Lender only, to be applied tc� the sums secured by the �ccurity Instrument; (b) Lender shall be entitic:d lc� callect and receive all of the rents pf ttxe Property; and (c) each tcnant of the 1'roperty shall pay all rents due and unpaid kn Lcnder or I.ender's agent on Lend�r's written dernand to thc tcnant. Borrower has not execuked any prior assignrnenl of the rents and has not and will not pertbrm any act t.hal would prevent Lender fr��m exercising its rights under this paragraph 17. L.ender shall n�t be reyuired to enter upon, take conlrol of or maintain the Prop�rty before or after giving notice of breach to Borrower. However, I.cnder or a judicially appc�inted receiver may do sp at any time there is a breach. Any application of rents shall not cixre or waive any default c�r invalidate any other right c�r remedy of Lender. 'I'his assignment of rents of the Property shall terminate when the debt secured by the Security Inslrument is paid in full. � 4R�NE) �ssail Page 6 of e Initial