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20120292� 16. Hazerdous Substences. Borrower shall 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. The preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazazdous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance 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. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly 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 toxic petroleum products, 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 jurisdicdon where the Property is located that relate to health, safety or environmental protection. Non-Uniform Covenents. Borrower and Lender further 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 Barrower of Borrower's brea.ch of any covenant or agreement in the Securiiy Instrument, Borrower shall collect and receive a11 rents and revemies 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 secuLity 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 entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property 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 Property before or after giving notice of brea.ch 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 invalida.te 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 requir� immediate payment in fall under paragraph 9, Lender may invoke the gower of sale and any other remedies germitted by applicable law. Lender shall be entitled to collect all espenses incnrred in pnrsuing the remedies under this paragraph 18, including, but not limited to, ressonable attorneys' fees and costs of title evidence. FHA Daed of Truat-NE VMP � Wolters Kluwer Flr�r�cial Sarvicw 4/88 VMP4RINE) (17061.00 Paga 7 of 10