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20110478� <br />13. Notices. Any notice to Boirower provided for in this Security Inatr ument sl�all be giv� by delivering it or <br />by mailing it by first class mail unless applicable law recpures use of another method. The notice ahall be directed to <br />the Properiy Address or any other address Bonower designates by notice to Lender. Any notica to Lender sl�all be <br />given by first class mail to Lender' s address stated herein or any addzess L�der designates by notice to Boaower. <br />Any notica provided for in this Se�urity Instmm�ent shall be deemed to have be� given to Borrower or Lender wh� <br />given as provid� in this paragraph. <br />14. Governing Law; Severabilfty. This Security Instrument shall be govemad by Fed�tal law and the law of <br />the jurisdiction in �vhich the Property is located. In the event that any provision or clausa of this Sacutity Iastr�ment <br />or the Note conflicts with applic�ble law, such contlict shall not affect other provisions of this Se�urity Instrument or <br />the Note which c�a be given effect without the conflicting provision. To this end tha provisiona of this Security <br />Ins�t and the Note are d�lar� to be seveaable. <br />15. Borrowea's Copy. Boaower sl�all be givea one c�mformed copy of the Nots and of this Security <br />Ins9�ent. <br />16. Hazardons Snbstances. Borrower shall not c�use ar permit tha pr�ce, use, dispo�l, atorage, or release <br />of any Ha�tdous Substances on or in the Property. Horrower shall not do, nar atlow anyone eLge to do, anYthu►g <br />affecting the Properly that is in violation of any Enviro�tal Law The greceding two sentences shall not apply to <br />� P��� �� � storage on the Property of small quantities of Hazardous Substances that are g�erallY <br />recognized to he appropriate to normal residential uses and to maintenance of the Property. <br />Bonower sha11 PromPtlY give Lender written notice of any investigation, claim, demand, lawsuit or other action <br />by any governmental or regulatorY ���Y �' Pri� P�3' involving the Propetty and any Hazardous Substance or <br />Environmental Law of which Borrower hes actuat knowle�ge. If Bonower learns, or is notifiai by any govemmental <br />or regulatory authority, that any remnval or other reme�iiation of any Hazardous Substaaces affe�ting the Ptoperty is <br />n�ssarY, Bonower shall promPttY take all necessary remedial actions in accordance with Environmental Law <br />As used in this paragraph 16, °Hazardous Substances" are those substattces defined as toxic or ha�rdous <br />substances by Environmental Law aad tha following substances: gasoline, kerose�e, other flammable ar toxic <br />petroleum producta, toxic pesticides and herbicides, volatile solvents, matarisls containing asbestos or formaldehyde, <br />and radioactive mat�ials. As use� in this paragraph 16, "Enviroumental Law" means fed�ai laws and laws of the <br />jurisdiction �vhere the Property is locatefl that relate to halth, safety ar mvironmental protection. <br />NON IJNIFORM COVENANTS. Borrower and Lender further covenaut and agreE as follows: <br />17. Assignment of Rents. Bonowet unconditionally assigns and transfers to Lend� all tbe rents and revenues <br />of the Properiy. Barrower authorizes Lender or L�der' s agents to collect the rents and revenu�es and hereby dire�ts <br />�ch tenant of the Properiy to gay the rents to I.ender or Lender's agents. However, prior to I,endea's notice to <br />Borrower of Borrower's breach of any covensat or agreennent in the Security Instn�ent, Bonrower shall cotlect and <br />receive all ren� and revenues of the Property as ttvstee for the benefit of Lender and Borrower. This a�ignmc�t of <br />ren� arnstitut� an absolute assi�t and not an assignment for additional security anly. <br />If Lender gives notice of breach to Bosower: (a) all rents received by Hoirower shall be held by Bonower as <br />trust� for bEnefit of Lender only, to be applied to tha sums se�ured by the SecuritY Ins�ent; (b) Lender shall ba <br />entitled to collecX and receive all of the rents of the Property; and (c) each tenant of the Properiy shall pay all rents <br />due and unpaid to Lender or Lender's agent on Lender's writte� demand to the t$nant <br />Bo�ower has not executed any prior assignment of tha rents and has not and will not perform any act that would <br />prevent Lender from exercising its rights under this paragtaph 17. <br />I.ender shall not be required to enter upon, take contirol of or m;n A;n the Prog�ty befora or after giving notice <br />of breach to Bmrower. However, Le�dar or a judicially appaintefl receivea may do so at any time thera is a breach. <br />Any applic�tion of remts shall not cu�re or waive aay default or invalidate any other right or remedy of Lender. This <br />assignment of ren� of the Property shall terminate when the debt secured by the S�urity Instnm�ent is paid in futL <br />2200140217 �/� � D v4NNE <br />VMP�.qN(NE� to4o�).oi raee e or s l— <br />� <br />