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201�045�� 13. Notices. Any notice to Bonower provided for in this Security Instrument sha11 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 Bortower 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 Bonower. Any notice provided for in tlus Security Instrument shall be deemed to have been given to Borrower ar Lender when given as provided in this pazagraph. 14. Governing Law; Severability. This Security Instrument sha11 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 this SecuriTy Instrument and the Note aze declared to be severable. 15: Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instruxnent. 16. Hazardons Substances. Bonower sha11 not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower 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 Properiy of sma11 quantities of Ha7ardous Substances that are generally recognized to be appropriaxe to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, cla.im, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Properly and any Ha7ardous Substance or Environmental Law of which Bonower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Ha7ardous Substances affecting the Property is necessary, Bonower shall promptly take a11 necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" aze those substances defined as toxic 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 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 protection. NON-iJNIFORM 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 direc�ts 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 Instrument, Bonower sha11 collect and receive a11 rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) a11 rents received by Borrower sha11 be held by Bonower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender sha11 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 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 paragraph 17. Lender sha11 not be required to enter upon, take control of or ma.intain 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 applicaxion 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 shall terminate when the debt secured by the Security Instrument is paid in full. 2200135403 �D V4NNE Inkials: VMP�-4N(NE)loam).o� Pape 6 of 8