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201104210 13. Notices. Any notice to Borrower provided foF in this Security Insmiment 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 shall be given by first class ma.il to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this S�urity 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 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 5ecurity Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this S�urity Instrument or the Note which can be given effect without the conflicting provision. To tlus end the provisions of this Security Instruinent 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 S�urity Instrument. 16. Hazardous Substances. Borrower sha11 not ca.use 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 of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Haaardous Substances that are generally r�ognized to he appropriate to normal residenrial uses and to maintenance of the Property. Bonower 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 Substauce or Environmentai Law of which Borrower has actual knowledge. If Bonower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affe,cting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Iaw. As used in this paragraph 16, "Hazardous Substances" are those substances defined as tolcic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticid� and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmentat Law" means federal laws and laws of the jurisdicrion where the Property is located that relate to health, safety or environmental protecrion. NON-UNIFORM COVENANT'S. Bonower and Lender further covenaut and agree as follows: 17. Assignment of Rents. Borrower uncondirionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or I.ender'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 Bonower's breach of any covenant or agreement in the Se,curity Instrument, Borrower shall colle,ct and receive all rents and revenues of the Property as ttvstee for the benefit of Lender and Borrower. This assignment of rents consritutes an absolute assignment and not an assignment for additional security only. If Lender gives norice of breach to Borrower: (a) aIl rents received by Borrower shatl be held by Borrower as truste,e for benefit of Lender only, to be applied to the surns s�ured 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 sha11 pay a11 rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Bonower has not ex�uted 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 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. 4/96 FHA Deed of Trust-NE VMP4RINE1 (0809) VMP Q Wolters K�uwer Financial Services � Page 6 of 9