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�o�lo4ss� 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 sha11 be directed to the Property Address or any other address Borrower designates by norice to Lender. Any norice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Bonower. Any norice provided for in this Security Instrument shall be deemed to ha.ve been given to Bonower or Lender when given as pmvided in this pazagraph. 14. Governing Law; Severability. TIus 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 pmvisions of this Security Instrument or the Note whiclt can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are d�lared to be severable. 15. Borrower's Copy. Borrower s�hall be given one conformed copy of the Note and of tlus Security Instrument. I6. Hazardous 5ubstances. Bonower shall not cause or permit the presence, use, disposal, storage, or release af any Hazardous Substances on or in the Property. Borrower shatl not do, nor allow anyone else to do, anything affecting the Property t}sat 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 Hazardous Substances tt►at are generally recognized to be appropriate to normal residential uses and to maintenanee of the Property. �onower sha11 promptly give Lender written notice of any investigatiaa, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party invoFvit�g the �operty and any Hazardous Substance or Frttvironmentai Law of vvhich Borrower has actual knowledge. If Bortower Iearns, or is norifiec� by any governmental or regulatory autho�ity, tl�at any removal or ather renzediation of any �Iaaar�ous Suhstances affecting the Property is neeessary, Bomrwer shall promptly take all neeessary remediai action� in asx�rdance with Enviromnentat La.w. As usea. ia this paragraph 16, "I�azardous Substances" are thase suFistances defrnec� as toxic or hazardous substances by Enviromnental Law aud the following substances: gasaliae, kerose�, other flammable or toxic petroleum products, to�c pesricides and herbicides, volatile salvents, mates'r�is contaTning asbestos or formaldehyde, aud radioactive materials. As used in this paragraph 16, "Environnientat Exv�" means federal laws aIId Iaws of the jurisdicrion where the Properiy is located that relate to health, safety or environmental protecrion. NON-UNIFORM COVENANTS. Bonower and Lender further covenant au� agree as follows: 17. A�igQment of Rents. Borrower unconditiotially assigns and traasfers to Lender atl the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to co�Ieet tlie rents and revenues anc� hereby directs each tenant of the Progerty to pay the rents to L.ender or Lender's agents. �-Towever, prior to Lender's norice to Borrower of Borrower's breach of any covenant or agreement in the 5ecurity Insmiment, Borrower shall collect and receive all rents and. revenues of the Property as mistee for the benefit of Lender aud Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for addirional s�urity only. If Lender gives norice of breach to Borrower: (a) all rents received by Borrawer shall be held by Borrower as trustee for benefit 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 Properiy sha11 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 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 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 VMP � Wolters Kluwer Financial Services �� 4/96 VMP4R(NEI 108091 Page 6 of 9 � ,. ,