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2012020�� 16. H�zerdous Substences. Borrower shall not cause or permit the presence, use, disposal, storage, or relea.se 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. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances tha.t are generally recognized to be appropria.te to normal residential uses and to maintenance of the Property. Borrower shall prompfly give Lender written nodce 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 ha.s actual l�owledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of aay Hazardous Substances affecting the Properly is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 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 pmducts, toxic pesticides and herbicides, volatile 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 Progerty is loca.ted that relate to health, safety or environmental protection. Non-Uniform Covenants. Borrower and Lender fiuther covena.nt and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Properiy. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Properly to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower'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 entided to collect and receive all 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 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 Progerty before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may 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 reqnires immediate payment in full nnder paragraph 9, Lender may invoke the power of sale and any other remedi� permitted by applicable law. Lender shall be entitled to collect all expenses incnrred in pursuing the remedies under this paragraph 18, including, bnt not limited to, reasonable attorneys' fe� and costs of title evidence. FHA Dead of Truat-NE 4 �B yMp � VMP4RINE) 11106).00 Wolters Kluwar Flr�nclal Sarvices PaBe 7 of 10