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��i1�n699 13. Notices. Any notice to Borrower provided for in this Security Instrument shail be given by deliv�ring it ar by mailing it by first class mail unless applicable law requires use of another method. The nottce shall be directed to Che Property Address or any other address Barrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender` s address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Tnstrument sha11 be deemed to have been given to Barrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal ]aw and the law of the jurisdiction in which the Property is located. Tn the event that ar�y provision or clause of this Security Instrument or the Note conflicts with applieable law, such conflict shall not affect other provisions of this Security Instrument or the Note which ean be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. I5. Borrower's Copy. Borrower shaf( be grven one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shail not cause or perm►t the presence, use, disposai, storage, or release of any Hazardous Sabstances on or in the Property. Borrower shall nat do, nor allow anyone else to do, anything affectiag the Property that is in violation of any Environmental Law. The preceding two sentences shali not appcy to the presence, use, or sforage on the Property of small quantiries of Hazardous Substances that aze generally recogntzed to be appropriate to normal resident3ai uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any znvestigation, elaim, demand, lawsu�t or other action by any governmentat or regulatory agency or private party involving the Property and any Hazardous Substance or Envirorunental Law of wliich Borrower has actual knawledge, If Borrower learns, or is notified by any governmentat or regutatory authority, that any removal ar other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take al] necessary remedial actions in accordance with Environmental i,aw. As used in this paragraph 16, "Hazardous Substances" are those substances clefined as toxic or hazardous substances by Environmental Law and the followmg substances: gasoline, kerosene, other flammable or toxtc petroieum products, toxic pesticides and herbicides, volatile solvents, materia[s containmg asbestos or formaldehyde, and radioactive cnaterials. As used in this paragraph 16, "Environmental Law" means federai laws and laws of the jurisdiction where The Property is located that relate to healYh, safety or environmental protection. NON-UNIFORM CO'VENANTS. Borrower and Lendex further covenant and agree as follo�vs: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender a11 the rents and revenues of the Property. Borrower authorizes Lender ar Lender's agents to eollect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lencter or Lender` s agents. However, prior to Lender� s notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive ail reuts and revenues of the Property as trustee for the benefit of Lender and Barrower. This assignment of rents constitutes an absolute assignment and not an assignment for additionai secur�ty onty. If Lender gives notice af breach to Borrower: (a) all renfis receiveti by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shaU be entitled to collect and receive a11 of the rents of the 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. Borrower has not executed any prior assignment of the rents and has not and wili not perform any act that woald prevent Lencler from exercising its rights under this paragraph 17. Leuder shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judiciaily appointed receiver may cio so at any time there is a breach. Any application of rents sha11 not cure or waive any default or invalidate any oYher right or remedy of Lender, This assignment of rents of the Properfy shaIl terminate when the debt secured by the Security Instrument is paid in full. 2200103382 �A \ j 7 } V4NNE �nrtie� "" • O_`� '� , VMP�-4N(NE) Iono�l.o� Nape 6 os b