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2� 11�f��3��s� 13. Notic�. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing 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 designates by notice to Lender. A� notice to Lender 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 Insirument shall be deemed to have been given to Borrower or I,ender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed 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 Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Insirument or the Note which can 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 shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardons Snbstanc�. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Bortower shall not do, nor allow anyone else to do, anything affecting the Properiy that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage an the Property of small qua.ntities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to ma.intenance 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 Properly and any Hazardous Substance or Environmental Law of which Bonower has actual l�owledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remedia.tion of any Hazardous Substances affecting the Properiy is necessary, Borrower shall prompfly ta.ke all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" aze those substances defined as toxic or hazardous 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 ma.terials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Properly is located that relate to health, safety or environmental protection. NON-U1�TIFORM COVENANTS. Borrower and Lender further covena.nt and agree as follows: 17. Assignment of Rents. Bonower unconditionally assigns and transfers to Lender all the rents and revern�es of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revemies and hereby directs each tenant of the Progerty to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Bonower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revemies of the Property as trustee for the benefit of Lender and Bonower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. ff 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 entifled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written dema.nd 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 paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a brea.ch. Any applica.tion 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) tsso>> ae s or a i,�tie�8.