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201103035 13. Notices. Any nohce to Sorrower provided for in this Security Instrument sha11 be given by delivering it or by ma.iling 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 Bonower designaies by notice to Lender. Any notice to Lender sha11 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 Instivment sha11 be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; 5everability. This Security Instrument sha11 be governed by Federal law and the law of the jurisdicrion 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 sha11 not affect other provisions of this SECUrity Instrwnent or the Note wluch c�n 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 sha11 be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower sha11 not cause or permit the presence, use, ditsposat, storage, or release of any Ha7atdous Substances on or in the Property. Bonower sha11 not do, nor a11ow anyone else to do, anything affecting the Properiy tha� is in violation of any Environmental Law. The preceding two sentences sha11 not apply to the presence, Use, or storage on the Property of sma11 quanrities of Ha�ardous Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of the Properiy. Bonower sha11 promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pariy involving the Properiy and any Ha�ardous Substance or Environmental Law of which Bonower has actuallaiowledge. 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 talce a11 necessary remedial actions in accordance with Environmental Law. As vsed in this paragraph 16, "Hazazdous Substances" are those substances defined as to�cic or ha�ardous 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 radioactive materials. As used in this paragraph 16, 'Bnvironlnental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-LINIFORM COVENANTS. Bonower and Lender further covenant and agree as follows: 17. Assignment of Rents. Bortower unconditionally assigns and transfers to Lender a11 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 the Properiy 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 sha11 collect and receive a11 rents and revenues of the Property as trustee for the benefit of Lender and Bonower. This assignment of rents constitutes an absolute assignmerrt and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Bonower shall be held by �nower as trustee for benefit of Lender on1y, to be applied to the sums secured by the Security Instrument; (b) Lender sha11 be entitled to collect and receive all of the rents of the Properiy; and (c) each tenant of the Property sha11 pay all rents due and unpaid to Lender or Lender' s agent on Lender' s written demand to the tenant. Borrower 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 pazagraph 17. Lender sha11 not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Bonower. However, Lender or a judiciatly appointed receiver may do so at any time there is a breach. Any application of rents sha11 not cwe or waive any default or invalidate any other right or remedy of Lender. Tkris assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. 2200i22430 y4riNE i�iei8: VMP�-4NINE) (oao�J.ot Pege 8 of 8