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�0�106059 <br />13. Not�tces. Any notice to Borrower pmvidad for in this Security Instrument shall be given by delive�ing it or <br />by mailiag it by first class mail ualess applicable law requires use of another method. The notice shall be directed to <br />the ProrPert}' Addr�s or any other address Borrower designates by notice to Lender. Any notice to Lender sha11 be <br />given by first class mail to Lender's address sta.ted herein or any address Lender designates by notice to Borrower. <br />Any notice provideci for in tUis Security Instrvttnent shall be deemed to have been given to Borrower ar Lender when <br />given as provided in this ParagraPh. <br />14. Governing Law; Severab�llity. This Security Instcvment sha11 be governed by Ferlerai law and the law of <br />the jurisdiction in wlrich the Property is laaat�ed. In the event that any provision or clanse of this Security Instrum�t <br />or the Note conflicts with applic�ble law, sach conflict shall not affect other provisians of this Security Inshvment or <br />the Note which can be given eff�t without the conflicting provision To this end the provisions of this Security <br />Inshvment and the Note ate declared to be severable. <br />15. Borrower's Copy. Borrower shall be given one conformed copy of tha Note and of this Security <br />Instrument. <br />16. Hazardons Snbsta�nces. Borrower shall not cause ar permit the pr�ence, use, disposal, storage, or release <br />of any Hazardous Subst�ces on or in the Property. Borrawer shall not do, nor allow anyone else to do, anYthing <br />affecting the Properly that is in violation of any Bnvironmental Law. The pre�ing two senttences shall not apply to <br />the presence, use, or storage an the Property of small quantities of Hazardous Substances that are generally <br />recognized to be appropriate to normal residential uses and to maintenance of the Property. <br />Bortower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action <br />bY anY governmental or regulatacY agencY ox' Pnvate PaTtY involving the Property and any Ha�rdous Substanc� or <br />En.�ironmental Law of which Horrower has actual knowledge. If Horrower learns, or is notified by any governmentai <br />or regulatory airthority, that any removal or ather remediation of aay Hazardous Substances affecting the Properiy is <br />necessary, Borrower shall promptly take all n�essary remedial adions in accordance with Environmental Law. <br />As used in this pazagraph 16, ��Ha�rdous Substances" are those substance.s defined as toxic or ha�rdous <br />substances 1ry Environmental Imw and the following substances: gasoline, kerosene, other flammable ar toxic <br />petroleum groducts, toxio peskicides and herbicides, volatile solvents, materials containing asbestos ar formaldehyde, <br />�d radioactive materials. As used in tltis paragiaph 16, "Enviroimnental Law" means federal Iaws and Iaws of the <br />jurisdiction where the Property is located that relate to health, safety or environmental protedion, <br />NON LTNIFORM COVENANTS. Borrower and I.ender fiulher coveaant and agree as follows: <br />17. Assignment of Rent�. Horrower unconditionally assigns and izansfers to Lender all the rents and revenue.s <br />of the Property. Borrovver authorizes Lender or Lend�'s agents to collect the rents and revenues and hereby dire,cts <br />each tenant of the Property to pay the rents to Lender or Lender's agents. However, priar to Lender's notice to <br />Borrower of Borrower' s breach of any covenant or agreement in the Se,c�ity Instrument, Borrower shail colle�t and <br />receive a1I rents and rev�ues of the Property as trustee for the benefit of Leader and Borrawer. This assignment of <br />renLs constitutes an absolute assignment and not an assignment for additional s�urity only. <br />If Lender gives notice of breach to Barrower: (a) all rents received by Barrower shall be held by Borrower as <br />truste.e for benefit of Lender only, to be applied to the swns secure� by the Security Inslrument; (b) Lender shall be <br />entitled to collect and receive a11 of the rents of the Property; and (c) each te�ant of the Property shall pay all rents <br />due and unpaid to Lender or I.ender's agent an Lender's written denoand to the tenant, <br />B�rrower has not exe�uted any priar assignment of the rents and has not and will not perfoim any act that wouid <br />prevent Lender from exercising its rights under this paragraph 17. <br />Lender shalt not be required to enter upon, take control of or maintann the Property before or after giving notice <br />of breach to Borrower. However, Lender or a judicially agpointed re�eivar may do so at any time there is a breach. <br />Any applicaiion of rents shall not cure or waive any default or invalidate any other right or remedy of I.ender. This <br />assignment of rmts of the Property shall terminate when the debt se,cured by the S�urity Instrument is paid in full. <br />220Q154985 � D D4NN� <br />u,n� <br />VMP��N(Nq toao�t.oi �e a ot s � , � \ . <br />� j C.✓ <br />