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�0�106323 13. Notices. A� 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 Bozrower designates by notice to Lender. 1�ny notice to Lender sha11 be given by first class ma.il to Lender's address stated herein or any address Lender designates by notice to Borrower. Any noYice provided for in this Security Instrumerit shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Seoerability. This Security Insttvment shall be governed by Federal law and the law of the jurisdiction in which the Properly is located. In the event that any provision or clause of this Security Insl.rument or the Note conflicts with applicable Iaw, such conflict shall not affect other pravisions of this Security Inshvment or the Note which can be given effect withont the conflicting provision: To this end the provisions of this 5ecurity 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 5ecurity Instrument. 16. Hazardons 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 allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding twa sentences shall not apgly to the presence, use, or stora.ge on the Progerty of small quantities of Hazardous Substances that aze generally recognized to be appropriate to normal residential uses aud to maintenance of the Properly. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pariy involving the Properiy and any Hazardous Substance or Environmental Law of which Borrower has actual �owledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazazdous Substances affecting the Properiy is necessaty, Borrower sha11 promptly take a11 necessary remedial actions in accordance with EnvironmeIItal L.aw. As used in this paragraph 16, ° Hazardaus Suhsta.nces" are those substances defined as toxic or hazardous substauces by Enviromnental Law and the following substances: gasoline, kerosene, other flammable or toxic getroleum products, toxic pesticides and herbicides, vola.tile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this pa,ragra,ph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is loca.ted that relate to health, safety or environmental protection. NON-UIVIFORM COVENANTS. Bonower and Lender furfher covenant and agree as fallows; 17. Assignment of Rents. Barrower unconditionally assigns and lxansfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revemies and hereby directs each tenant of the Properiy to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covena,nt or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Properiy 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 I.ender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of _Lender only, to be applied to the sums secured by the 5ecurity Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c} each tenant of the Property sha,ll 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 this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or a.ffer giving notice of breach to Bortower. However, Lender or a judicially appointed receiver may do sa at any time there is a breach. Any application of rents shall not cure or waive any default or invalida.te azry other right or remedy of Lender. This assignment of rents of the Progerty shall terminate when the debt secured by the Security Instrument is paid in full. ��-4RtNE) taeo�� Paga 8 of 8 ��e�;�