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201107903 13. Notices, Any notice to Bonower provide� for in this Security rn.ctn,,,,en � be given by deliv�ing 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 �iddress or any other address Boaower designates by aotice to Lender. Any notice to Lender shall be given by first class ma�l to Lender° s�ddress stated herein ar any address L�dex designates by notice to Boaower. Any notice provided for in this Securit3► Instxument shall be deemed to have been given to Bonower or Lender when given as provided in this paragraPh 14. Governing Law; Severability. This Security Instrumen4 sha11 be governed by Federai law and the law of the jurisdiction in which the Properly is located In tha event that any provision or clausa of this Security Instrument or the Note conflicts witli applic�ble law such caonflict sball not affect other provisions of this Security Instrument or the Note wluch caa be gieen effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severrable. �5. Borrower's Copye Borro�ver shall be given one conformed copy of the Note and of this Secucity Instrument. 16. Hazardons Snbstances. Borrower shall not cause or permit the presence, use, disposal, s�orage, or release of any Hazardous Substances on ar in the propert� gorrower shatl not do, nor a11ow anyone else to do, anything affecting the Properiy that is in violation of any Environmental Law. The pre�eding two sentences shall not apply to the presence, use, ar storage on the Prop�rl.y of s�nall quantitie.s of Hazardous Substance.c that are generally recognized to be appropriate to noamal r�idential uses and to maintenance of the Property. Borrower sha11 promptly give Lender written notice of any investigation, claino, demand, lawsuit ar other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental I.aw of which Borrower has actual knowleflge. If Brnrower Iearns, or is notified by any govemmentai or regulatory authority, that any removat or other reme�iation of any Hazardous Substances affecting the Progeriy is necessary, Borrowez shall promptly take all necessazy remedial actions in accordance with Environm�ntal Law. As used in this paaagraph 16, ��Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxio pesticides and hetbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in tUis paragraph 16, "Environmental Law" means federal laws and ]aws of the jurisdiction where the Property is lacated that relate to health, safety or environmental protection. 1VON UNIFORM COVENANTS. Borrower �d Lender fiuxtkher covenant and agree as follows: 17. Assignmeat of Rents. Bortower uncondirionally assigns and transfers to Lender all tbe rents and reveaues of the Property. Borrower authorizes Lender or Lender's agents to colle�t the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lendet's agents. However, pzior to Lender's notice to Borrower of Borrower' s breach of any covenant or agr�ment in the Security Instrument, Bonower shall c�llect and receive all rents and revenues of the Prope�ty as trustee for the benefit of Lender and Borrower. This assignm�t of r�nts constitutes an absolute assignment and not an assigc►ment for additional security only. If Lender gives notice of breach to Borrowec: (a) all rents received by Bonower shall be held by Borrower as trustee for be�efit of Lender only, to be applied to the sums se�ured by the Se�urity Instrument; (b) L�der shall be entitled to collect and r�eive a11 of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenan� Bonower has not exe�uted 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 re�uirerl to enter upon, take control of or ma;n�ri the Property before or a,fter giving nolice of bre,ach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application af rents sha11 not cure or waive azry default or invalidate anq other right or remedy of I.ender. This assignment of rents of the Properly shall terminate when the debt secured by the Security Instrument is paid in full. 2200174269 D v4 �� i�wa • VMPC�-4N(Nq �oao�l.o9 P�a e or s