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2o1�oi2os 16. Hezerdous Substences. Borrower sha11 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. Th,e preceding two sentences shall not apply to the presence, use, or storage on the Properiy of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintena.nce of the Property. Borrower shall prompfly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private parly involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual l�owledge. ff Borrower learns, or is notif'ied by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Properly is necessary, Borrower shall prompfly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" aze those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toaric petroleum products, toxic pesticides and herbicides, vola.tile solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. Non-Uniform Covenants. Borrower and Lender furrher covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Bonower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property 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 Lender 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 Security Instrument; (b) Lender shall be entifled to collect and receive all of the rents of the Properly; and (c) each tenant of the Properly shall pay all rents due and u�aid 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 Properiy before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver ma.y 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. 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedi� under this paragraph 18, inclnding, bnt not limited to, reasonable attorneys' fe� and costs of title evidence. FHA Deed of Trust-NE 4/98 VMP � VMP4RINE1 17 7061.00 Woltera Kluwer Financlal Sarvicea Paee 7 of 10