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201104693 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 requir� 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 shall be given by first class mail to Lender' s address statal herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deem� 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 S�urity Insirument or the Note which can be given eff�t without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declazed to be severable. 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Bonower shall not cause or permit the presence, use, disposal, starage, or release of any Hazardous Substances on or in the Property. Borrower sha11 not do, nor allow anyone eLse to do, anything aff�ting 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 sma11 quantities of Hazardous Substances that are generally rec;ognized to be appropriate to normal residenrial uses and to maintenance of the Properiy. 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 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 Hazardous Substances affecting the Properly is necessary, Bonower shall prompdy take all necessary remedial actions 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 toxic petroleum products, toxic p�ticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As usetl in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to h�lth, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenu�s of the Properiy. Bonower authoriz� Lender or Lender' s agents to collect the rents and revenues and hereby dir�ts 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 covenaut or agr�ment in the Security Instrument, Borrower shall collect and rec;eive all rents and revenues of the Properly as irustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional s�urity only. If Lender gives notice of breach to Borrower: (a) all rents received by Bonower shall be held by Borrower as trustce 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 Properiy; and (c) e.ach tenant 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 paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of bre,ach to Borrower. However, Lender or a judicially appointed r�eiver may do so at any time there is a bre,ach. Any applicarion of rents shall not cwe 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 s�ured by the Security Instrument is paid in full. - 5-00�� 6 Initia �-4N(NE) �oao�7 Pege 6 of 8 �