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20110140�� 13. Notices. Any notice to Borrower provided for in this Security Instrument 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 shall be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 14. Governing Law; 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 Instnunent or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or 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. Hazardous Substances. Borrower shall not cause or pernut the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor atlow anyone else to do, anything aff�ring the Property that is in violation of any Environmental Law. The preeeding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of �aaardons Substances that are generally recagnized to be appropriate to normal residential uses and to maintenance of the Property. Bonower shall promptly give Lender written notice of any invesrigarian, claim, demand, lawsuit ar other action by any governmental or regulatory agency or private party involving the ProgerEy aIId any Hazardous Substance or Environmental Law of which Bonower has actual laiowledge. If Borrower Iea�ns, or is noti�ed by any governmental or regulatory authority, that any removal or other remediation of any Hazardvus Substances affecting the Property is necessary, Barrower shall promptly take all necessary remedial actions in a�rc�e with Environmental Law. As us� in tlsis paragraph I6, "Hazardous Substances" are those substances defned as toxic or hazardous substances by EnvirQnmemal Law and the following substances: gasoIine, I�erosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials contairting asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located ihat relate to health, safety or environmental protection. NON-UNIFORM COYENAI�ITS. Borrvwer and Lender further covenant and agree as follows: 17. Assigrr�ment of �ts. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Bcrrro`uer auihorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant 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 or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for addirional security onty. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shalt be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the SecurFty �nstrument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenaut of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenazct. Bonower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent L,ender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Froperty before or after giving notice of breach to Bonower. However, 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 default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall ternunate when the debt secured by the Security Instrument is paid in full. FHA Deed of Trust-NE VMP � Wolters Kluwer Fina�cial Services aiss VMP4R(NE1 (08091 Page 6 of 9 1 , �� , �