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24�104213 13. Notices. Any notice to Bonower provided for in tlus Security Insttvment 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 mail 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 Borrower or Lender when given as provided in this pazagraph. 14. Governing Law; Severability. This Security Instaument shall be governed by Federal law and the law of the jurisdicrion in which the Property is located. In the event that any provision or clause of this Security Inst2vmument 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 tlus Security Instrument and the Note aze declared to be severable. 15. Borrower's Copy. Bonower sha11 be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. 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 on the Property of sma11 quantifies of Hazardous Substances that aze generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Bonower shall promptly give Lender written notice of any investigarion, 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 of which Bonower has actual knowledge. If Bonower learns, or is notified by any govemmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Bonower shall promptly take all necessary remedial acrions in accordance with Environmental Law. As used in this pazagraph 16, "Hazardous Substances" are those substances defined as to�cic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or tolcic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this pazagraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protecrion. NON-UN�'ORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower uncondirionally assigns and transfers to Lender all 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 Bonower of Bonower's breach of any covenant or agreement in the Security Instnunent, Bonower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents consritutes an absolute assignment and not an as5ignment for addirional security only. If Lender gives notice of breach to Bonower: (a) all rents received by Bonower sha11 be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shali be enritled to collect and receive all of the rents of the Property; and (c) each tena,nt of the Property shall 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 pazagraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving norice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any applicarion 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 5ecurity Instrument is paid in full. 8800985293 / ��0985293 INtlals� VMP�-4N(NE� (oao�).ot Pege 6 of 8