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�oi�o��; 13. Notices. Any notice to Borrower provided for in khis Security Iastrument shell be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notioe shatl be direded to the Property Address ot any other address Borrower designates by no#ce to Lender. Any notice to Lender shatl be given by first class maii to Lender's address stated herein oz any address L,snder designates by notice to Borrower. Any natice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragrapl� � . 14. Governing Law; Severability. This Security Instrument sh�ll be governed by Federal law and the law of the jurisdiction in which the Froperty is located. In the event that any provision ar claeise of this Security Instrument or the Note conflicts with applicable law, such conflid shalt not affecx other provisions of this Security Instrument or the Note which can be given effect without the confliding provision. To this end the provisions of ttus Security Instrument and the Note are dectared to be severable. 15. Bonrower's Copy. Bonower shall be given one conformed oopy of the Note and of this Sacurity Instrument. 16. Hazardons Substances. Borrower shall not cause ar pemait the presence, use, disposal, sEOrage, or release of any Hazardous Substances on or in the Property. Borrower shali not do, nor allow anyone else to do, anything affecbing the Property ihat is in violat�on of any Environmental Law. The preceding two sentences shall not apply to the presence, ase, ar storage on the Propeny of small quantities of Hazardons Substances that are generally recognized to be appropriate to normal residential uses and to maintenanc� of the Property. Bonower shall promptly give Lender written notice flf any investigation, claim, demand, lawsuit vr other action by any governmental or reg�ilatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowiedge. Tf Barrower learns, or is noti�ied by any governmental ot regttlatory authoriiy, that any semoval or other remediation of any Hazardous Substances affecting the Properiy is necessary, Bonower shali promptly take all necessazy remedial actions in accordance with Environmental Law. As used in this pazagraph 16, "Hazardous Substances" are those substances defined as toxic ot hazardous substances by Bzrvironmental L.aw and the follawing substances: gasoliae, kerosene, other flammable or toxic petroleurn products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaidehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of t6e jurisdicxion where the Prapetty is Iocated ttiat reiate to health, safety or environmental protection NON-U1�TIFORM COVENANTS.+Borrower and Lender further covenant and agree cs foilows: ].7. Assigument of Rents. Borrower uaconditionally assigns and transfers to Lender all the rents and revennes of the Property. Borrower authorizes L.ender or Lender's agents to colled. the r^nts and revenues and hereby direds each tenant of the Property to pay the rents W Lender or L.ander's agents. However, prior to Lender's noace to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Botrawer shall callect snd receive all rents and revenues of the Property as trustee for the bene�t of Lender and Borrower. This assignment of rents �ronstitutes an absalute assignmenf and not an assignment for additional secnrity only. If Lender 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 Pmperty; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or I,ender's agent on Lender's written dema�d to the tenant. Borrower has not executed any prior assignment of the rents and has not and will nat perform aay act that wouid prevent Lender from exercising its rights under this paragraph 17. Lender shall noi be required to enter upon, take control of or maintain the Property before or after giving notice af breach to Bocrower. However, Lender or a judicially appointed receiuer 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 ar remedy of Lender. This assignment of rents of Lhe Property shall terminate when the debt s�cured by the Security Instrument is paid in full. �-4N(NE) toao�} Pape 8 of 8 i_�� 00003i initlals: