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Pz11111x1ci% 13. Notices. 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 ol'another method, The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any 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 Instrument shall he deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Fcdcral law and the la%v of the jurisdiction in which the Property is located, In (lie event that any provision or clause of' this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions ol'this Security Instrument 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. I6. Hazardous Substances. Borrower shall not cause or permit the presence. use, disposal. storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation ol'any Environmental Law. The preceding two sentences shall not apply to the presence, use. or storage on the Property of small quantities of I-lazardous Substances that are generally recognized Lo be appropriate to normal residential uses and to maintenance ol'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 ofwhich Borrower has actual knowledge. 11'Borrower 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 lake all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "I- la4ardous Substances" are 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 materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the .jurisdiction where the Property is located thut relate to health_ safety or environmental protection. NON - UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all 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 Property 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 shall collect and receive all rents and revenues of the Property as trustee br the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignmcnl and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for bench€ 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' tile Property; and (e) each tenant ol'the Property shall 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 perlorm any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon. take control ol'or maintain the Property hef'ore or after giving notice of breach to Borrower. 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. ']'his assignment ol-rents of'the Property shall terminate when the debt secured by the Security Instrument is paid in full. 2011- 1748241 100049700011788169 8124 Initials: ,S VMPQ9- 4N(NE)(011a7) ill Rage 6are