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201208059 15. Borrower's Copy.Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. HazardousSubstances.Borrower shall not cause or permit the presence,use, disposal, storage, or release of any Hazardous Substances on or in the Property. Bonower shall not do, nor allow anyone else to do, auyNung aft'ecting the Property that is in violation of auy Environmental Law. The preceding two sentences shall not apply to the preseuce,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 promptly give Lender written notice of any investigation,claim,demand, lawsuit or other action by any govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of whic6 Borrower has actual knowledge. If Borrower leams,or is notified by any govemaiental or regulatory authoriry,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 t6is paragraph 16, "Hazazdous Substances"aze those substancesdefined as toxic or hazazdous substancesby Environmental Law and the following substances:gasoline,kerosene,other flammable or tnxic petroleum products,toxic pesticides and herbicides,volatile solvents,materials containing asbestos or formaldehyde,and radioactive materials.As used in this pazagraph 16, "Environmental Law"means federal laws and laws ofthe jurisdiction where the Property is locatedthat relate to health,safetyor environmental protection. Non-UniformCovenants.Borrower a¢d Lender fiuther covenant and agree as follows: 17. Assignmentof Rents.Bonower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to wllect the rents aud revenues and hereby directs each tenant of the Proper[y to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of a¢y covenant or agreement in the Security Instrument,Borrower shall collect and receive all rents and revenues of the Property as trustee for[he bene£t 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 Bonower as trustee for benefit of Lender only,to be applied to the sums secured by the Security InsWment; (b) Lender shall be entitled to eollect 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 tkris paragraph 17. Lender shalt not be required to enter upon,take control of or maintain the Property before or after giving notice of breac6 to Borrower. However,I,ender 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 rig6t or remedy of Lender. This assigument of rents of the Property shall terminate when the debt secured by the Seeuriry 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 permitted by applicable law.Lender shall be entitted to collect all expenses incurred in pursuing t6e remedies under this paragraph 18,including, 6ut not llmited to,reasonable attorneys' fees and costs of title evidence. FHA Motlgaqe YNTM MERS�NE Revisetl N98 �MP� III IIIIIIIIIIIIIII VMP4N(NE)�N09).00 WOIIersKluwerFinancial5ervices q03309004900 0233 373 0710 Psge7ot10 � ��