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, . __ . _ . ,, _ + - ! �. � I,s � r - ' , . � _ ; �i , __ 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 d'uected to the Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender shall be given by first ctass 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 have been given to Borrower 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 wiuch 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 aff�t 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 are de,clared to be severable. 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. 26. Hazardous 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 da, nor atlow anyone else to do, anything affe�ting the Property that is in violation of any Environmental Law. Tfie greceding two �ntenr.es shall not apply to the presence, use, or storage on the Property of small quantities of Haaarclous Substances that are generally recogn'tzed to be appropriate to normal residential uses aad to ?►,��n*�*�*+ce of the Property. �orrower shall promptly give Lender written norice of any investigatiaa�, elaim, demand, Iawsuit or other action by an,y governmental or regulatory agency or private party involviitg the Pioperty and any Hazardous 5ubstance or En�ironmentat Law of wluch Borrower has actual knowledge. If &arrower Iearns, or is notified by any governmental or regiilatory autho�ily, that any removal or other remediation of any �Iaaaxdous Substances affectiag the Properry is ne�essaty, Borrcrwer shall promptly take all necessary remedial actions i,n �ce with Enviromnental Law. As used. us. this paragraph 16, "�Tazardous Substance,s" are thase s�stat�ces defi�ed as toxic or hazardous substances by Environmental Law and the following substane.es: g�rli�, kerosene, other IIammai�Ie or toxic getrc�Ieutn products, toxic pesticides and herbicides, volatile solvents, matezi�s containittg asbestos or ferrmaldehyde, and radioactive materiats. As used in this paragraph 16, "Environ�entat F.a�w" means federal laws and Iaws of the jurisdiction where the Property is Iocated that relate to health, safety ar envimnmental pmtection. NON-iJNIFORM COVFNANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower wncondi�ionally assigns aYCd cransfers to Lender a11 the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to colleet ttie rents and revenc►es an� hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. �-Iowever, prior to Lender's norice to Borrower of Borrower's breach of any covenant or agreement in the Security Tnstrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender aud Borrower. Tfris assignment of rents constitutes an absolute assignment and not an assignment for addirional security only. If Lender gives notice of breach to Borrower: (a) all 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 shall be entitied to collect and receive all of the rents of the Property; and (c) eaeh 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 breach to Bonower. 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 assignxnent 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 Servfces �,� aiss VMP4RWE) (0809) Page 6 of 9 � ,. . ,.