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201201294 15. Borrower's Copy.Borrowcr shall bc givcn one confmmed copy of the Note and of this Security Instmment. 16. HazardousSubstanees.Bonowcr shall not cuusc or permit thc prescnce, usc, disposal, stornge, or release of any Huaurdous Substanccs on or in thc Property. Borrowcr shall not do, nor allow anyone clsc lo do, anything affccting thc PropeRy that is in violatiou of any 6nvironmental Law. The prcccding hvo sentcnces shall not apply to the prescuce, use, or storage oi�the Property of small quantities of Hazardous Si�bstances that arc gencr�lly rccognizcd fo bc appropriate to oonnal residenliaL uscs and Po maintcnanec of thc Property. Borrower shall prompHy give Leudcr�vritten notice of any iuvestigation,clairtL demand, lawsuit or othcr action by any govcmmental or regulatory agency or private party invoh�ing the Property�nd any Hazmdous Substancc or Lnviroi�mcntal Law of which Aarrower has actual kuo�vledge. If Aorrotver]ean�s, or is notificd 6y any govcnimental or regulatory aathority, that any rcmoval or other remediatioii of any Hazardotts Substnnccs affecting the Propc�rty is neccssary; Borrower shall promptly take all ne�cessary remedial actions in accordancc with Cnvironmcntal L,aw. Asuscdin thisparagraph 16, "HazardousSubstauccs"arcthosesubetancesdctincdastosicorhaza.rdous substanccsby b+�viroiamcntal Law aod 1he following substaoces:gasoline,kerosene,othcr flammableor toxic pctrolcumproducts,tosic pesticidcs'm�d hcrbicides,volatile solvents, materialscontainingasbcstosor fonnaldchydc,and radioactive matcrials. As used iu this'pxragraph I G,"L•nvironmeNal I.,aw"mcans Ycdcral lativs and]�ws of the�jurisdictiun where the Property i s bcated that rclatc lo hea Ith,safcty or enviromnental protection. Non-Uniform Covenants.Bortowcr and Lcnder furthcr covcnsnt and agrcc as follows: 17. Assignmentof Rents.Borrower unconditioi�ally assigns aud transfcrs to Lender all the rents and revcnucs of the Property. Bortower authorizcs Lcnder or Lcndcr's agcnfs to collcct thc rei�ts and revcnucs and hcrcby di�ects each tcnant of the Property to pay ttie rencs to Lcndcr or Lcndci's agcnts. Ho�vcvcr, prior to Lcndcr's notice to Borrower of Borrowar'a breach of any covcnant or agreemci�t in thc Sccurity h�struruent, Borro�ver shall collect and ru cive all rcnis and revenucs of thc Property as trustcc Ibr thc bcnctit of Lendcr and Borrower. This assignment of rents coustihrtcs an ubsolute assigimcnt and not�n assignment for additional � security only. It'Lender gives notice of breach to ftorrowcc (a)all ironts rcceivcd by Borrower shull be hcld by Bo��owcr as hus[ec for benetit of Lendcr only,to be applied to thc sums sccured by thc Security Instrumcnt; (b) Lender shall bc entiticd�o collect and receivc�II of the rents of thc Property; xnd (c)cach tenant of the Piaperty shall pay all rents due and nnpaid to Lender or Lendcr'a agent on Leudcr's�vritten demm�d to thc tcnm�t. Aorro�ver has not cxccuted any prior assignmcnt of the rents and has not aud will not perform uny act that would prevcnt Lcndcr from escitisi��g its ri�hts under this paragraph 17. Lcnder shall not be reqoired to entei upon, tuke control of or maintain the Property bcti�re m�aftcr giviug notice of breach ro Borrotiver. However, Lender or a judicially appoiNCd receivcr may do so at any time thcrc is a breach. Any application of rcnts shall not cure or waive any default or iuvalidate any other right or remedy of Lender. This assigi�mcut of ronts of the PropeMy shall terminate whcn the debt secured by the Security lnstrament is paid in fidl. 18. ForeclosureProcedure.lT Lender requires immediate payment in full under pnragraph 9, Lender roay invoke the pow�er of sale and any other remedies permitted b,y applicable law. Lender shall be entitlwl to collect all ezpenses incurred in pursuing the remedies under tiiis paragrapl� 18, including, but not limited to, reasonable attornevs' fees and costs of title eridence. ---- ' ---- - �/J --- � ------- -- FHA Mortgaqe.W I1H M[RS-NE ��G- %//. Revised 4196 AmeMeA]/0A VNiP Oa �/'1 VMP4N(NE)(1105)DO Wolters Kluwar Financial5ervires Page i nf 10 Ilf Illlllllllllllllllllllllllflllllllllllllifllll q03302515371 0233 624 0710