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<br /> �"� 13.Notices. My notice to Borrower provided for in this Security Instrument shall bc given by delivering it or , _
<br /> by mailing it by first class mail unless applicable law requires use of another method.The notice shall be directed to
<br /> the Property Address or any other address Bonower designates by notice to I.ender. Any notice to I.ender shall be
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<br /> given by first class mail to I.ender's address stated herein or any address Lender designates by notice to Borrower.
<br /> My notice provided for in this Securiry Instrument shall be deemed to have been given to Bonower or L.ender when ;,. '
<br /> . given as provided in this pazagraph. :�
<br /> 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of h_�
<br /> the jurisdiction in which the Property is located. In the event that any provision or clause of this Securlry Instrument ,,.
<br /> ' or the Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or �;,�
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<br /> � the Note which can be given effect without the conflicting pravision. To this end the provisions of this Security ,,,;�„
<br /> Instrument and the Note are declared to be severable. �
<br /> � 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Securicy
<br /> • Instrument.
<br /> 16. Hazardous Substances. Borrower shall not cause or permit the presence,use. disposal,storage,or release
<br /> �. of any Hazardous Substances on or in the Properry. Bonowcr shall not do,nor allow anyone else to do,anything � -
<br /> affecting the Proper[y•.hat is in violation of any Environmental Law. The precxding two sentences shall not apply to �
<br /> �, the presence, use, or storage on the Proper[y of small quantities of Hazardou� Substances that are generally —
<br /> recognized to be appropriate to normal residential uses and to maintenance of che Property.
<br /> �, Borrower shall promptly give Lender written notice of any investigation,claim,demand,lawsuit or other action
<br /> � by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or
<br /> Environmental Law of which Borrower has actual knowledge. If Borrower leams,or is notifled by any gavernmental
<br /> • - or regulntory authority. thac any rcu�orai ar athcr remediation ef?ny Hazardous Substances affecting the Property is
<br /> necessary,Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law.
<br /> � As used in thts paragraph 16, 'Hazardous Substances" are those substances defined as taxic or hazardous _
<br /> ; substances by Environmental I.aw and the following substances: gasoline, kerosene, other flammable or toxic _ __
<br /> petroleum products, toxlc pesticides and herbicides,volatile solvents,materials containing asbestos or formaldehyde,
<br /> ; and radioactive materlals. As ueed in this paragraph 16, "Environmental Law" means federal laws and laws af the
<br /> � jurisdiction where the Property is located that relate to health,safery or environmental protection. ��.,
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<br /> x NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows:
<br /> � "� 17, Assignment of Rents. Bonower unconditionally assigns and transfers to I.ender all the rents and revenues
<br /> � of the Properry. Bonower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs -
<br /> �. each tenant of the Properry to pay the rents to L.ender or Lender's agents However, prior to Lender's notice to
<br /> i�. Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and _
<br /> � receive all rents and revenues of the Property as trustee for the benefit uf Lcnder and Borrower.This assignment of �
<br /> � rents constitutes an absolute assignment and not an assignment for additional security only.
<br /> If Lender gives notice of breach to Borrower: (a)sill rents received by Bonower shall be held by Borrawer as
<br /> �� trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument;(b)Lender shall be
<br /> ' entitled to collect and recelve all of the rents of the Properry: and (c) each tenant of the Property shall pay all rents .� _--
<br /> due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. ��_
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<br /> Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would �:_=:��yv
<br /> preveni Lender from exercising its rights under this pazag:aph 17. '-��r d '��
<br /> Lender shall not be required to enter upon,take control of or maintain the Propeny before or after$iving notice �` :,��.
<br /> of breach to Borrower. However, I,ender or a judiciully appointed receiver may do so at any time there is a breach. �;(
<br /> Any application of ren�s shall not cure or waive any default or invalidate any other right or remedy of Lender. This . :�..:_ .
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<br /> assignment of rents of the Property shall terminate when the debt secured by the Security Instrumcnt is paid in full. ;.��:�_. �,. �
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