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�Q�1U4�� 13. Notices. Any notice to Borrower 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 shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shail be given by first class mail to Lendez's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shal] be deemed to have been given to Borrower or Lender when given as provided in this pazagraph. 14. Governing Law; Severability. This Security Tnstruraent 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 Tnstrument 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 rt'he conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardoas Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Borrower shall not do, nor a11ow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The pre,ceding two sentences shall not apply to the presence, use, or storage on the Pxoperty of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmenta] or regulatory agency or private party invoIving the Property and any Hazardous Substance or Environmental Law of which Bonower has actual Irnowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardaus Substances affecting the Property is necessary, Borrower shall promptly take a11 necessary remedial actions in accordance with Environmenta] Law. As ased in this pazagraph 16, "Hazardous Substances" are those substances de�ned as toxic or hazardous substances by Environmental Law and the following subsfances: gasoline, kerosene, other flammable or toxic petroleam products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehy@e, and radioactive materials. As used in this paragraph 16, "$nvironmental Law" means federal ]aws and ]aws of the jurisdiction where the Property is located that relaTe Yo health, safety or environmental protection. NON-UIVTFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Bonower uncondidonally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender oX Lender's agents to col2ect the rents and revenues and hereby directs each tenant of the Property to pay the rents ,'f$; Le�der'� or �.ender's agents. However, prior to Lender' s notice to Borrower of Borrower's breach of any coveriaiit or agreement in the Security Instrument, 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 constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Bonower: (a} al1 rents received by Borrower shal] be held by Borrower as wstee for bene�t of Lender only, to b� applied to the sums secured by the Security Instrument; {b) Lender shal] be entitled to collect and receive all of the rents of the Property; and (c) each 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. 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'tEus paragraph I7. 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 shall ternunate when the debt secured by the Security Instrument is paid in fulI. 1351103360 VMP�-4N(NE) �oao�i.o� PageB of 8 Initlals:� `• � � <. ' !'� ;i"e�ri '#�, i �� ,