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201208107 15. Borrower's Copy.Boaower shall be given one conformed copy of the Note and of this Sccurity Instrument. 16. HazardousSubstances.Borrower shall uot cause or permit the presence, use, disposal, storage, or rclarsc of any Hazardous Subs[ances on or in the Property. Borrower shsll not do, nor aflow anyone else to do, anything afY'ceting 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 Substanccs that are generally recognized to be appropriate to normal residcntial uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any invcstigation, claim,demand, lawsuit or other action by any govemmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmcntal Law of which Borro�ver has actual knowledge. 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 rcmedial actions in accordance with Enviroumeutal Law. As used in this parap,raph 16, "Hazardous Substances"are thosc substancesdefinedas toxic or hazardous substancesby Environmental Law and thc following substanccs:gasoline,kerosene,other flammable or toxic petroleumproducts,toxicpesticidesandherbicides,vola[ilesolvents,materialscoutainingasbestosor formaldehyde,and tadioactive materials.As used in this paragraph 16, "Enviroumcntal Lxw"mcans federal laws and laws of the juri sdiction whcre the Property is loc;atcd that rela[e to health,safety or environme�tal protection. Non-UniformCovenants.Bonower and Lender further covenai�t and agree as Follows: 17. Assignmentof Rents.Bonower uuconditionally assigns and transfers to Lender all the rents and revenucs of the Property. Borrowec authorizes Lender or Lender's age�ts to collect the rents and revcnues and hereby directs cach tenant of the Property to pay the rents to Lendcr or Lender's agents. However,prior to Leuder's notice to Borrower of Borrower s breach of any covenant or agreement in the Security Instrument, Borrowcr shall collcct and receive all rents and revenucs of the Property as trustee for the benefit of Lender and Borzower. This assignment of rents constitutes an a6solute 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 Aorrower as trustee for benefit of Lender only,to be applied to the sums secured by the Security Instrument (b) Lcnder shall bc cntitled to collcct and receive all of thc rents of the Property; and (c)each tenant of the Property shall pay all rents due and unpaid ro Lender or Lender's agent on Lender's wcitten demand to the tenant. Borrower has not execu[ed any prior assignment of the rents and has not and will not perform any xct that would prevent Lender from exercising its rights under this parabRaph 17. Lender shall not be required to enter upon,take control of or maintain the Property bcft�rc or after giving notice of breach to Borrowec Ho�vevcr, Lcnder 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 iuvalidate any othcr right or rcmedy of Lcnder. This assignment of rents of the Property shall terminate when the dcbt sccured 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 permitted by applicable law.Lender shall be eutitled to collect all expenses incurred in pursuing the remedies under this paragraph 18,including, but not limited to,reasonable attorneys' fees and costs of tiHe evidence. FHA Mongage WITH MERSNE II I III IIIIII III IIII I I I'll II'llll I I IIII I II I I I II III � Page dof/90 VMP O VMP4N(NE)�1109).00 Wolters KluvrerFinanr.ial Services q03309003832 0233 373 0710