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201201528 <br /> 15. Borrower°S Copy.Borrower shall be given one conformed copy of the Note a�id of this Security <br /> InsYrument. <br /> 16. F9azardous SubStances.Borro�ver shall not cause or permit the presence,use,disposal, storage,or release <br /> of any Ilazardous Substances on or in the Property.Borrower shall not do,nor allow anyone else to do, <br /> anylhing ailecting the Property that is in violation of any Environmental Law.The preceding two sentences <br /> shall not apply to the presence,use,or storage on the Prnperty nf small quantities of Ha�ardous Suhstances <br /> fhat are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. <br /> Borrower shall promptly give Leuder written notice of any investigation,ciaim,demaud,lawsuit or other <br /> action by any governmental or regulatory agency or privace party involving the Piroperty and any Hazardous <br /> Substance or F.m�ironmental Law of which Borrov,�er has ach�al kno���ledge. If Borrower learns,or is notified <br /> by any governmenlal or regulatory authority,that any removal or other remediation of any Hazardous <br /> Substances affecting the Property is necessary,Borrower shall promptly take all necessary remedial actions <br /> in acroordance with�nvironmental Law. <br /> As used in this paragraph 16,"Hazardous Substances"are those substances defined as toxic or hazardous <br /> substances by Env ironmental Larv and the following substances:gasoline,kerosene,other flammable nrtoxic <br /> petroleiun products,tohic pesticides and herbicides,volatile solvents,materials cnntaining asbestos or <br /> lormaldelryde,and radioactive materials.As used in this paragraph 16,"Environmental Law"means federal <br /> laws and laws uflhejurisdictian where the Property is locatedthatrelate to healtl�,safety or environmental <br /> protection. <br /> Non-Uniform Covenants.Borrower and Lender further covenant aild agree as follows: <br /> 17. As5ignment of Renks.Rnrrower uncnnditionally assigns and n•ansfers to i,ender all the rents and revenues <br /> of the ProperCy.Borro���er authorizes Lender or Lei�der's agents to collect the rents and revenues and hereby <br /> directs each ienant of the Property to pay the rents to Lender or Lender's agents.However,prior to Lender's <br /> notice to Borrawer of Rorrower's iireach of auy covenant or agreement in the Security Insravment,Boirower <br /> shall collect and receivc all rcnts and revcnues of the Property as trustee for the benefit of Lender and <br /> Borrower.This assigumcnt of rents ainstitutes an absolute assignment and not an assignment for additional <br /> security only. <br /> Tf Lender gives notice of breach to Borrower:(a)�ll rents received by Borrower shall be held by Borrower <br /> as trustee far Ucncfit of Lcndcr only�;to be applied to the sums secured by the Security Instrumcnt;(b) <br /> Lender shall be entiticd to collcct and receivc all of the rents of thc Properly;and(c)cach tcnant of the <br /> Property shall pay all re�ats due and iinpaid to Lender m�Lender's agent on Lender's�vritten demand to the <br /> tcnant. <br /> Borro�ver has not executed any priur assignment of the renls and hus not and will noi perform any act that <br /> would prcvent Lender from exercising its rights under this paragraph 17. <br /> Lender shall not be required to enter upon,take control of or maintain the Property before or after giving <br /> notice of breach to Borrawer.IIowever,Lender or a judicially appointed receiver may do so at any time <br /> there is a breach.Auy application of rents shall not cure or waive auy default or invalidate any other right or <br /> reuiedy of Lender.This assigmnent of rents of the Property sliall terminate when the debt secured by the <br /> SecuriTy Instrumcnt is paid in full. <br /> 18. FoPeCIOSUr@ Pt'OCCdUY�:.If Lens3er requires imffiedinte p:ayinent in full a�nder paragraplt 9,I.ender <br /> �ay invoke the power of sale and an��other remedies peranitted by applicable law.Lender shall be <br /> entitled to collect all ex��enses incurred'en pursueng t�ae rea�edies under this paragrap6 1S,including, <br /> but not limited to,reasonable a8toxveys'ffees and costs of title evidence. <br /> 2011-5954411 100049700011918162 6700 <br /> FHA Mortgage WITH M62S-NE Revlsetl 47os <br /> VMP @ � VMP4N(NE)(1109) <br /> Wolters Kluwer Fnanclat Serv:ces Page 7 of 10 <br />