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201101573 13. NoNces. Any notice to Borrower provided for in this Security Instnxment shall be given by delivering it or by mailing it by first class mail unless applicable law requires usc of anothcr method. The notice shail 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 Bonower. My notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragrdPh. 14. Governing Law; Severability. This Security Instrument shall be govemed 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 Instnunent or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrumcnt and the Note are declarcd to be sevcrable. 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in ihe Properly. Borre�wer shall not du, nor allow anyone elae lo do, anylhing 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 Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any govcrnmental or rcgulatory agency or private party involving thc Property and any Hazardous Substancc ar Environxnental Law of which Borrower has actual knowledge. If Bonower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Haiardous Subtitances" are those subslances defined as toxic or haiardouti 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 fonnaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-LJNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property_ Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of lhe Property to pay the rent5 to Lender or Lender'S agents. However, prior to Lender's notice lo 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 Proper[y as trustee for the beneftt of Lender and Borrower_ This assigtunent of rents constitutes an absolute assignment and not an assignment far additional security only. If Lender gives notice of breach to Bonower: (a) all rents received by Borrower shall be held by Borrower as trustec for bencfit of Lender only, to be applicd to thc sums sccurcd by thc Sccurity Instnuncnt; (b) Lcndcr shall bc cntitled to collect and receive all of the rcnts of thc Property; and (c) each tcnant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Bonower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraPh 17. Lender shall not be required to enter upon, take control of or inaintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver inay 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 terminate when the debt secured by the Security Instrument is paid in full. �-4R(NE) (ssoi � Page 6 of 8 �� IniUals ��i'�_1'r u.