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201206728 15. Borrower's Copy.Borrower shall be given one conFormed copy oF the Note and oF this Secwity Ins[rument. 16. HazardousSubstances.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 Emironmental Law. The preceding two sentences shall not apply to the presence,use,or storage on the Proper[y of small quantities of Hazardous Substances that are generally recoguized to be appropriate to normal residential uses and to maintenance of the Froperty. Borrower shall promptly give Lender written notice of any investigation,claim,demand, lawsuit or ot6er action by any governmental or regulatory agency or ptivate party involving the Property and any Hazardous Substance or Environmental Law of which Bonower has actual knowledge. If Borrower tearas, or is notified by any govemmental or regulatory authority,that any removal or other remediation of any Hazardous Substances affecting the Property is necessary,Bonower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazazdous Substances"are those substances defiued as toxic or hazardous substancesby EnviroumenlalLawandthe following substances:gasoline,kerosene,other flammableor toxic petroleumproducts,toxicpesticidesandherbicides,volatilesolvents,materialscontainingasbestosor formaldehyde,andradioactivematerials.As used iu this paragraph 16, "Environmental Law"meansfederal laws and laws of the jurisdiction where the Property is located that relate to health,safetyor environmental protection. Non-UniformCovenants.Borrower and Lender further covenant and agree as follows: 17. Assignmentof 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 age�ts. However,prior to Leuder's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument,Bonower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Bonower. 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 Bonower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Securit7Instrument; (b) Lendei 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 uupaid to Lender or Lender's agent on Lender's written demand to t6e tenant. Borrower has not executed any prior assig�unent of the rents and has not aud 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 conhol of or maintain the Property 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 ofher 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. ForeclosureProcedure.If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies perrtutted by applicable law.Lender shall be eutitled to collect ail expenses incurred in pursuing the remedies under this paragraph 18,including, but not limi[ed to, reasonable attorneys'fees and costs aF title evidence. FHA Mortgage W ITH MEftS-NE (// `w �w Revixd 4/98 Amentletl 7/0d VMP m VMP4N(NE)('1105).OD II I I II IIII I Irlll IIII I I I III I�"'II I�'�I I I I I I I III III Pa9e 7 of 10 q03309009325 0233 329 0710