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2a11022�� <br />13. Notices. Any notice to Borrowet provided for in this Security Instrument shall be given by delivering it or <br />by mailing it by first cla�s mail untess applicable law requires use of another method. The notice shall be directed to <br />the Praperty Address or any other address Bonower designates by notice to I,ender. Any notice to Lender shall be <br />given by first class mail to Lende�; s address stated herein or any address Lendez designates by notice to Horrower. <br />Any notice provided far, in this Sec�rity Tnstrument shall be deemed to have been gi�en to Bonower or Lender when <br />given as provided in this paragraph. � <br />14. Governing Law; Seversbility. This Security Instrument shatl be, governed by Federal law and the iaw of <br />the jurisdicrion in which the Property is located. Tn the event that any provision or clause of this Security Instrument <br />or the Note oonflicts with applicable law, such confiict shall not affect other provisions of this Security Instrument or <br />the Note which can be given effect without the conflicting provision. To this end the provisions of this Security <br />Instrument and the Note aze declared to be severable. <br />15. Borrower's Copy. Borrower shall be given one oonfarmed copy of the Note and of this Serurity <br />Instru�ment. <br />lb. Hazardoas Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release <br />of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything <br />affecting the Property that is in violation of any Enviranmeatal Law. 'i'he preceding two sentences shall not apply to <br />the presence, use, or starage on the Property of small gnantities of Hazardovs S�bstances that aze generally <br />recognized to be appropriaYe to narmal residentiai uses and to maintenaz►ce of the Property. <br />Borrower shalt promptly give Lender written notice of any investigation, claim, demand, lawsuit or other ad:ion <br />by any governmental or tegulatory agency or private party involving the Property and any Hazardous Substance or <br />Em�ironmental Law of which Borr�wer has acbual knowledge. If Borrower leatns, or is notified by any governmental <br />or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is <br />necessary, Honower shall prompily take a11 necessary remediat adions in acxordance with Enviranmental Law. <br />As used in this paragraph 16, "Hazardous Substances" are those substances de�ned as toxic or hazardaus <br />substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or Wxic <br />petroleum products, toxic peaticldes and herbicides, volatile solvents, materials oontaining asbestos or formaldehyde, <br />and radioactive materiats. As used in this paragraph 16, "Environmentai Law" means federal laws and laws of the <br />jurisdicbion where the Praperty is located that relate to health, safety or environment�l protection. � <br />NON-UNIFORM CQVFNAN'�S. Borrower and r.ender fuxther covenant and agtee as follaws: <br />17. Assignmeut of Rents. Borrower uncandirionally assigns and uansfers to-°Lender all the rents and revem�es <br />of the Property. Bonower authorizes Lender or Lender's agents to oallect the rents and revenues and hereby direcis <br />eac;h tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to L.ender's notice to <br />Borrower of Borrower's breach of any covenant or agreement in the Security Instrwaent, Borrower shall oolled sud <br />receive all rents and revenues of the Ptopertp as trustee for the benefit of Lender and Borrower. This assigament of <br />rents oonstitutes an absolute assignment and not an assigament for additional securiry only. <br />If Lender gives notice of breach to Bonower: (a) all rents received by Bonower shall be held by Borrovver as <br />trustee for benefit of I.ender only, to be applied to the sums secured by the Security Instrument; (b) Ixader shal! be <br />entided to colled and receive all of the rents of Ehe Property; and (c) each ienant af the Property shall pay all rents <br />due and unpaid to Lender ar Leacier's agent on Lender's written demand to the tenant. <br />Borrower has not executed any prior assignment of the rents and has not and will not perform any act tliat would <br />prevent Lender from exercising its rights under this paragraph 17. <br />I.ender sball not be required W entei upon, take control of oz maintain the Property before or after giving �tice <br />of breach to Borxower. However, Lender oz a judicially appointed receiver may do so at any time there is a breaeh. <br />Any applica#ian af rents shall not cure or waive any default or invaiidate any other right or remedy of Lender. This <br />assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in fiill. <br />�-4N(N� �oaor� , Pe�e 6 of B <br />i 2-aoo�sa. <br />loklals: �, <br />