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20110407� 13. Notices. Any notice to Borrower provided for in this Security Instivment sha11 be given by delivering it or bx 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 norice to Lender sha11 be given by first class ma.il to Lender's address stated herein or any address Lender designates by notice to Borrower. Any norice provided for in this Security Instrument 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 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 Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of ttris Security Instrument and the Note are declared to be severable. 15. Barrower's Copy. Borrower shall be given one conformed copy of the Note aud of this Security Instrument. 1.6. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Boraawer shall not do, nor allow anyone else to do, anything affecting the Properly that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or starage on the Property of small quanrities of Hazardous Suhstances that are generally recognized to be appropriate to normal residentiat uses and to maintenance af the Prvperty. Borrawer shall promptly give Lender written notice of any investigatior�, �Iaizn, demancP, lawsuit or ather action by any governmental or regiilatory agency or private party involving t�e Property and any Hazardous Substance or Envirovmental Law of which Borrower has actual kuowledge. If Borrower I�.rns, or is norified by any governmental or regulatory autharity, that any removal or other remediation of �y Haaarcfious 3ubstances affecting the Property is necessary, BorcQwer shall promgtly take ali necessary remediat actions in accorctance w+ith Enviro�ental I.aw. As used in this paragraph 16, "Hazardous Substances" are those substances definec� as to�sic ar haaardous substances by �nvironmental Law and tke following suhstances: gasc�Iine, kerosene, other IIammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materia,is containing asb�stos or formaidehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federa2 Iaws aad laws of the jurisdicriaII where the Froperiy is located that relate to health safety or envisonmentaZ prot�tion. NON-UNIFORM COVENANT5. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower uncondirionally assigns and transfers to Lender �il the rents and revenues of the Property. Bonower authorizes Lender or �,ender's agents to collect the rents and revenues an� hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Bonower of Borrower's breaeh of any covenant or agreement in the Security Instrument, Borrower shall collect and re.ceive all rents and revenues of the Property as trustee for the benefit of Len�er and Bonower. This assignment of rents constitutes an absolute assignment and not an assignment for additional s�urity only. If Lender gives notice of breach to Bflrrower: (a) all rents received by Borrower shall he held by Borrower as trustee for beneft 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 the Property; and (c} each tenant of the Property shall pay a11 rents due and unpai� to Lender or L.ender'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 Properiy 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 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 sha11 terminate when the debt secured by the Security Instrument is paid in full. FHA Deed of Trust-NE 4/96 VMP � VMP4R(NE) (0809) Wolters Kluwer Ffnancial Services Page 6 of 9 . v u?,