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�� • 13. Notit�es. Any notice to Borrower provided for in this Security instrument shali be given by @elivering it or by mailing it by first elass mail unless applicable law requires use of another method. The notice shail be directed io the Property Address or any other address Bonower designates by notice ta Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any address Gender designates by notice to Borrower. Any notice provided for in this Security Insttvment shail be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 14. Governing Lsw; Severability. This Security Instrument 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 shall not affect other provisions of this Security [nstrument or the Note which can be given effect without the conflicting provision. ?'o this end the provisions of this Security Instrument ar►d the Note are declared to be severable. 15. Borcower's Copy. Bonower shall be given one conformed c�py of the Note and of this Security Instrument_ 16. Haaardous Substances. Borrower shall not cause or permit the presence, use, disposal, sEOrage, az release of any Hazardoas Substauces on or in the Property. Borrower shall not do, nor atlow anyone else 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 Sabstanc:es that are generally recogni2ed to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any in�estigation, claim, demand, lawsui[ or other action by any governmental or regulatary agency or private party involving the Properiy and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Borrower learns, ar is notified by any governmental or regulatory autltority, that any removal or other remediation of any Hazardous' Substances affecting the Property is necessary, Bonower shail promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances° are those substances defined as taxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioaciive materials. As used in ihis paragraph 16, "Environmental Law" means Pederai laws and laws af ihe jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower uncondiiionally assigns and transfers to Lender ail the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenanc of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant oz' agreement in the Security InsErument, Borrower shall eallect and receive ali rents and revenues of the Property as trustee for the benefit of I,ender and Borrower. This assigmnenE of rents constitutes an absolute assignment and not an assignment for additional security only. If Ixnder gives notice of breach to Borrower: (a) all rents received 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 shall be entitled to collect and receive all 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. Botxower has not execvf.ed any prior assignment of the rents and has not and wili not pecform any act that wouid preveni Lender from exercising its rights under [his paragraph 17. Lender shall not be required to enter upon, take control af or maintain the Property before or after giving notice of breach to $orrower. However, Lender or a judicially appointed receiver may dn s� at any time there is a breae6. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents af the Property shall terminate when the debt secured by the Security Instrumeni is paid im full. il-ot-000a�z . � �robH�S:_ _.� . �-47VtNE> �oa�o» Page 8 of 8 � r'1T