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20]203502
<br />16. Hazardous Subslanees.Borrover shall not cause or permit the presences use, disposal, storage, or release
<br />of any Hazardous Substm.cs on or in the Property. Borrower shall not da. nor allow anyone else to do,
<br />anything affecting the Property flim k in violatiun of any Environmental Law the preceding Iwo sentences
<br />shall mil apply to the preseucc, use, or storage on the Property of small quantities of Hazardous Substance,,
<br />that arc g,ncmlly recogmized to be appropriate to normal residential uses and to maintenance of the Property
<br />Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other
<br />action by any governmental or regulatory agcray or private party involving the Property and any Hazardous
<br />o',!... o. uuuarcn,a Law , uI,i, rn,wcr h., ac ual k' ..M, r no tnwc _-n, or is notified
<br />by any governmental or regulatory authority, that any removal or other remediatum of any Hazardous
<br />Substances affecting the Property is necessary. Borrower shall promptly take all necessary remedial actions
<br />in accordance with F.ovo mnmue] Law.
<br />As used in this par. graph 16, "Hazardous Substances" are those substances defied as toxic or hazardous
<br />substances by F.nvi roon,,.Wl Law and the following substances: gasulme, kerosene, other Bunrnmblo or
<br />toxic petroletun products, toxic pesticides and herbicides, volatile solvents, materials enntaining adhesins or
<br />formaldehyde, and radioactive onalorials_ As used in this paragraph 16, "Environmental Law" means federal
<br />laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental
<br />protection_
<br />Non-UniformCovenants. Borrower and Lender fiuthcr co ,creant and since as follows_
<br />17. Assignmentof Rends. Bnrrnwcr uncuudiliuually assigns and ministers to Lender all the tarts and revenues
<br />of the Property. Borrower authorizes Lceder or Lender's agents to collect the rents and revemuos and hereby
<br />directs each tenant of the Property to pay the rots to Lander or Lender's agents. However, prior to Lender's
<br />notice to Rnrrower of B,omwoT',, breach of any, covenant or agreement in the Security Instrument, Bom,wer
<br />shall collect and receive all rests and avenues of the Property as trustee for the benefit of Lender and
<br />Borrower _ This assigmuent of rents mnstitulw mr absolute assigamout and not an assignment for additional
<br />security wily_
<br />if Lender gives notice of breach to Bormwer: (a) all rents received by Borrower shall be held by Borrower
<br />as trust,, far benefit of Lender only. to be applied to the sums secured by the Security Inslrumenl;
<br />(b) Lender shell be eulil]eJ to collect and receive all of the rents of the Property; and (c) each truant of the
<br />Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the
<br />tenant.
<br />Borrower has not executed any prior assignment of the nems and has not and will not perform any act that
<br />would prcvcul Larder from exercising its rights under this paragraph 17_
<br />1 nd. shall out be required to enter upon. take control of or maintain the Property before or after giving
<br />notice oFbTcacti to Borrower. however, Lender or a judicially appointed receiver may do so at any time
<br />there is a breach_ Any application of cords shall not cure or waive any d,faull or invalidate any other right or
<br />remedy of Lendts_'fhts assignment of rents of the Property shall terminate when the debt seemed by the
<br />Security tnsimmenl is paid in Lill_
<br />18. Foreclosurelaroeeduredf Lender requires immediate payment in full under paragraph 9, Lender
<br />may invoke the power of sale and any other remedies permitted by applicable law. Lender shall he
<br />entitled to collect all expenses incurred in pursuing the remedies under this paragraph 18, including,
<br />but not limited to, reasonable attnrnev%' fees and costs of title evidence.
<br />F1A Beed o' T SLNE A58
<br />aur a vuwn;vt (ms) a.
<br />Wolfe¢ OiMpr F --I Services Fege ♦ a-,0
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