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2011U1381 13. Notices. Any notice to Borrower provided for in this Security Instnunent shall be given by delivering 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 Address or any other address Borrower 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 Instrument sha11 be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instnunent shall be governed by Federal law and the law of the jurisdiction in 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 sha11 not affect other provisions of this Security Instnunent ar the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument 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. Aazardous 5ubstances. Borrower sha11 not cause or permit the gresence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The pre�ing two sentences shall not apply to the presence, use, or storage on the Property of small quantities of HazarcFc�us Substances that are generally recognized to be appropriate to normal residential uses and to maintenance af t�e Property. Borrower shall promptly give Lender written notice of any investiga�ion, ciaim, ciemand, lawsuit or other action by any governmental or regulatory agency or private party involving the Prc�;'ty and any Hazardous Substance or Environmental Lavv of which Borrower has actual knowledge. If Borrower Iear�ss, or is notified by any governmental or regutatory autharity, that any rernoval or other remediation of any Hazar�v�ts ��rbst�ces affecring the Property is necessary, Borrower shall promptly take all necessary remedial actions in ac�rc�arice with Environmental Law. As used ia this paragraph 16, "Hazardous Substances" are thase substances defined as toxie or hazardous substances by Friivirar�mentaI Law and the following substances: gasolitre, kerasene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materiais_ As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where tt�e Property is Iocated that relate to health, safety or environmental protection. NON-UNIFQRM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assig�nment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lenc�er or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Praperty to pay the rents to Lender ar Lender's agents. However, prior to Lender's notice to Borrower of Borrv�uver'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 the benefit of I.ender and Borrower. This assignment of rents constitutes an absolute assignrnent and not an assignment for additionai security onty. If Lender gives norice of breach to Borrower: (a) all rents received by Barmwer shall be held by Borrower as tn�stee for benefit of L,ender only, to be applied to the sums secured by the Set.'vrity Instrument; (b) Lender shall be enritled to collect and receive all of the rents of the Property; and (c) each tenarfi of the Property shall pay all rents due and unpaid to Lender ar Lender's agent on Lender's written demand ta the tenant. Borrower has not executed any prior assignment of the rents and has not and wiii not perform any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shatl not be required to enter upon, take control of or maintain the Property before or afrer giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any agplication of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. FHA Deed of Trust-NE 4/96 VMP � VMP4R(NE) (0809) Wolters Kluwer Financial Services Page 6 of 9 � � r