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201108147 13. Notices. Any notice to Bonower provide� for in this Security instrument shall be gi�ar by delivering it or by mailing it by first class mail unless applicable law requires use of another method The notice shall ba dire� to the Property Address ar any other address Bonower 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 Borrower. Any notice provided for in this Se,curity Instr�mnent shall be deemed to have been given to Borrower or Lender wh� given as provided in this P��P� 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Properiy is located. In the event that any provision ar clausa of this Security Instrument or the Note conflicts with applic�ble law, such conflict shall not affect other provisions of this Security Instcument or the Note wluch c�n be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Bonower shall be given one canformed copy of the Nots and of this Security Instivment. 16. Hazardous Snbstances. Borrower shall not cause or permit the prese�ce, use, disposal, storage, or release of any Haz�dous Substances on or in the Properiy. Bonower shall not do, nor allow anyone else to do, anything affecting the Properiy that is in violation of any Environmental Law. The prer,e�ing two sentences sha11 not apply to the presence, use, or storage on the Properiy of small quantities of Hazazdous Substaaces that are ge�erally re�ognized to be appropriate to normal residential uses and to maintenence of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or privata pariy involving the Property and any HazArdous Substanca or Environmental Law of wluch Borrower has actual knowledge. If Borrower lea�rns, or is notifie�i by any governmental �r regulatory authority, that any removal ar other remer�iation of any Hazardous Swbstances affe�ting the Property is necessary, Borrower shall PromPtlY take all necessary remedial actions in accordance with Environmental Law. As used in this paz�agraph 16, °Ha�rdous Substances" are those substances defined as toxic or b�dous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials cflntaining asbestos ar formaldehyde, and radioactive materials. As used in this ParagraPh 16, "Enviroimaental Law" means ferierat laws and laws of the jurisdiction where the Properiy is located that relate to health, safety or environmental protection NON UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rente. Boirower unconditionally assigns and transfers to Le�der all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby dire�ts each tenant of the Properiy to pay the rents to Lender or Lender's agents. However, prior ta Lender's notice to Borrower of Borrower' s breach of any covenant or agr�t in the Security Instcvment, Borrower shall collect and receive all rents and revenues af the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitirtes an absolute assignment 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 trust� for benefit of Lender only, to be applied to tha s�ms seewre3 by the Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents of the Properry; and (c) each tenant of the Properiy shall pay all rents due and unpaid to Lender or Lender' s agent on Lender' s written demaad to the tenant. Horrower has not executed any prior assignment of the rents and has not and will not perform any act tbat would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be re�uireri 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 re�eiver may do so at any time there is a breach Any application of rents sha11 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 secur� by the Security Instrument is paid in full. 2200183491 D V4NNL i�: VMP�-4N(NE) coao�).o� Peae e ot s