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201�0313� 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by maIIing 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 �rrower designates by notice ko Lender. Any notice to I.ender 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 Insixument 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 govemed by Federal law and the law of the jurisdiction in which the Properly is located. In the event that any provision or clause of this Security Instrument 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 khe 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. Razardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Properly. Borrower shall not do, nor allow anyone else to do, anything 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 Properly 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 governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Barrower has actual knowledge. If Borrower learns, or is not�ed by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Properly is necessary, Bonower shall prompdy take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the foAowing 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, "Environmental L.aw" means federal laws and laws of We jurisdiction where the Properly is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unwnditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to wllect the rents and revenues and hereby directs each tenant of the Properfy to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any wvenant 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 additional security only. If Lender gives notice of breach to Borrower: (a) a11 rents received by Borrower shall be held by Bonower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall Ue entitled to collect and receive all of the rents of the Properly; and (c} each tenant 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 maintain the Property Uefore or after giving notice of breach to $arrower. 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 terminate when the debt secured by the Security Instrument is paid in full. II I I I' I�I I I II I II I I I I I� III IIII IIII I I I I I I I II II III �II�'L�8�6:� VMP�-4N(NE) �oao��.o� Page 8 of 8 �GJ