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20110�32� l3. 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 unlcss applicablc law rcquires usc of anothcr mcthod. Thc noticc shall bc dircctcd to the Property Address or 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 or any address Lender designates by notice to Bonower. Any notice provided for in this Security lnstrument shall be deemed to have been given to Bortower or Lender when given as providecl in this paragraph. 14. Governing Law; 5everability. This Security Instrument shall be governed by Federal law and the law of the jurisdictian in which the Property is located. In the event that any provision or clause of this Security Instruinent or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instnunent or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrumcnt and thc Notc arc dcclarcd to bc scvcrablc. 15. Borrower's Copy. Bonower shall be given one confonned copy of the Note and of this Security Instntment_ 16. Hazardous Subytances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any IIuzardous Substances on or in lhe Properly. Borrower shall nol do, nor allow anyone else lo do, anylhing affecting the Property that is in violation of any Environmental Law. The preculing two sentences shall not apply to the presence, use, or storage on the Property 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 govcrnmcntal or rcgulatory agcncy or privatc party involving thc Property and any Hazardous Substancc or Environmental Law of which Borrower has actual knowledge. If Bonower learns, or is notifted by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. A.� used in lhis paragt-aph 16, "Ha•rardouti Substances" ure thc�se subslances defineci as loxic or haiardous substances by Envirocunental Law and the following substances: gasoline, kerosene, other flauunable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, rnaterials containing asbestos or fonnaldehyde, and radioactive materials. As used in this paragraph 16, "�nvironmental Law" means federal laws and laws of the jurisdiction where the Properiy is located that relate to health, safety or environmental protection_ NON-iJNIFORM COVENAN"I'S. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rcnts. Bonower unconditionally assigns and transfers to Lender all the rents and revenues of the Property_ Bonower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs e�ach tenanl of lhe Properly lo pay ihe renls lo Lender or Lender's agenis. However, prior lo Lender's nolice lo Borrower of Borrower's breach of any covenant or agreement in the Security Instnunent, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assigiunent of rents constitutes an absolute assigiment and not an assignment for additional security only_ If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Bonower as trustcc for bcncfit of Lcndcr only, to bc applicd to thc sums sccurcd by thc Sccurity Instnamcnt; (b) Lcndcr shall bc cntiticd to collcct and reccivc all of thc rcnts of thc Property; and (c) cach tcnant of thc Property shall pay all rcnts 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 prevenl Lender from exercising ils 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 assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. ��-4R(NE) �sso�> Page 6 of 8 Initials: �//"//�Z