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20110534� 13. Notices. Any notice to Borrow� provide�i for in this Security Instrument sball 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 directad to the Property Address ar any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender' s address stated herein ar any address Lender designates by notice to Boaower. Any notice provided for in this 5ecurity Instrament shall be deemed to have been given to Borrower ar I.ender when given as provided in tlus paragraph 14. Governing Law; Severabilfty. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Properiy is located. In the event that any provisian ar clause of this Se�urity 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 Instt�ment and the Note are declared to be severable. 15. Borrower's Copy. Horrower shall be given one conformed copy of the Note and of this Security Instnunent. 16. Haza�rdons 5nbstances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substaaces on or in the Progerty. Bonower shall not do, nor a11ow anyone else to do, anything affecting the Properiy that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Properiy of small quantities of Hazardous Substances that are ge��ally recognizerl to be appropriate to normal residential uses and to maintenance of the Property. Boirower shall promptly give Lendar written notice of any investigation, claim, demand, lawsuit ar other action by any gavernmental or regulatory agency or private party involving the Property and any Ha�rdous Substance or Environmental Law of which Borrower has actuall�owle�ige. If Borrower learns, or is notifiefl by any govemmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessazy, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, , �Ha�rdous Substances" are those substances defined as toaric or hazardous substar►ces 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 usefl in this paragraph 16, "Environmental Law" means ferleral laws and laws of the jurisdiction where the Properiy is located that relate to heatth, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Renta. Borrower unconditionally assigns and transfers to Lender a11 the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and he�eby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lende�'s notice to Boaower of Borrower' s breach of any covenant or agrc�ment in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assi� of rents constitutes an absolute assignment and not an assignment far additional se�urity only. If Lender gives notice of breach to Boaower: (a) all rents received by Bonower shall be held by Borrower as trustee for benefit of L�der only, to be applied to the sums secured by the Se��rity Instrument; (b) Lender slia11 be entitled to collect and re,ceive all of the rents of the Property; �d (c) each tenaut of the Properiy sha11 pay all rents due and unpaid to Lender or Lender' s agent on Lender' s written demmid to the tenant. Borrower has not exe,cuted any prior assignment of the rents and has not and will not perfarm any act that would prevent I,ender from exercising iLs rights under this paragraph 17. Lender shall not be require3 to enter upon, take control of ar maintain the Property before or atter giving notice of breach to Borrower. However, Lender or a judicially appointed re�eiver may do so at any time there is a breach. Any applic�tion of rents shall not cure or waive any default or invalidate any other right or remedy of Lendet. This assignment of rents of the Progerty sball termin P whea the debt secured by the Se,ci�rity Instrument is paid in full. 2200144904 � _�„ . n D �►4ND� ��— VMP�-4N(NE) toao�l.ot vaee s or a