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20120553� 16. Hazardous SubstanCes. Borrower shall not causa or permit the presence, use, disposal, storage, or release of any Hazardous Substxnces on or in the Property. Bonower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environxnental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Properry of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmenta] Law of which Borrower has actual knowledge. If $orrower 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" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic patroleum products, toxic pesticides and herbicides, volatzle solvents, materials containing asbestos or formaldehyde, and radioactive materials. As used 'ut this .paragraph 16, "Bnvironmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. Non-Uniform Covenants. 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. Bonower authorizes Lender or Lender's agents to coliect 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 Borrower of $orrower's breach of any covenant or agreement in the Securiry 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 securiry only. If Lender gives notice of breach to Borrower: (a) all rents received by Barrower shall be held bq Borrower as trustee for benefit of Lender ozily, 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. Bonower has not executed any prior assignment af 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 Properiy before or after giving notice of breach to Bonower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cwe or waive any default or invalidate any other right or remedy of Lender. T`his assignment of rents of the Property shall terminate when the debt secured by the Securiry Instrument is paid in full. 18. Foreclosure Procedure. If Lender reqnires immediate payment in full under paragraph 9, Lender may invoke the power of sa]e a.nd any other remedies permitted by applica.ble law. Lender shail be entitied to collect all eaepenses ineurred in pursuing the remedies nnder this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. FHA Dead of Truat-NE 4188 VMP � VMP4R(NE) (11061.00 Woltera Kluwar Ffnencial Sarvicea PaOe 7 of 10