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201103373 13. Notices. Any notice to Bonower 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 Borrower designates 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 Bonower. Any notice provided for in this Security Instrument sha11 be deemed to have been given to Bonower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Security Instrument sha11 be govemed 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 sha11 not afFect other provisions of 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 aze 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 Snbstances. Borrower sha11 not cause or permit the presence, use, disposal, storage, or release of any Ha�ardous Substances on or in the Properiy. Bonower sha11 not do, nor allow anyone else to do, anything affecting the Property that 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 quantities of Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to ma.intenance of the Property. 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 Property and any Hazazdous Substance or Environmental Law of which Borrower has actuallmowledge. If Bonower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Ha�ardous Substances affecting the Property is necessary, Borrower sha11 promptly take a11 necessary remedial actions in accordance with Environmental Law. As used in this pazagraph 16, "Hazardous Substances" are those substances defined as to�c 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 fomialdehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Properiy 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 unconditionally assigns and transfers to Lender a11 the rents and revenues of the Property. Bonower 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 sha11 collect and receive a11 rents and revenues of the Properiy 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. If Lender gives notice of breach to Bonower: (a) a11 rents received by Borrower sha11 be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Secutity Instrument; (b) Lender shall be entitled to collect and receive a11 of the rents of the Property; 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. 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 sha11 not be required to enter upon, take control of or maintain the Properiy before or after giving notice of breach to Bonower. However, Lender or a judicially appointed receiver may do so at any time there is a� breach. Any application of rents sha11 not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property sha11 terminate when the debt secured by the Security Instrument is paid in full. 2200122217 /' n vaNNE Initlels�n,� VMP�-4NINE) loao�l.oa Page 6 of 8 P �`� � .L