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-- - - - - - 201208122 15. Borrowel'S COpy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or permit [he presence, use, disposal, storage, or release of any Hazardous Subskances on or in the Proper[y. Borrower shall nol do, nor allow anyone else [o do, � anything affecting the Property that is in violation of any Environmental Law. The preceding [wo sentences shall no[ apply to the presence, use, or storage on the Property of small quan[ities of Hazardous Substances tha[are generally recognized ro be appropriate to normal residen[ial uses and [o maintenance of the Proper[y. Borrower shall promptly give Lender wri[ten notice of any investigatlon, daim, demand, lawsuit or other action 6y any governmental or regulatory agency or privale party involving the Property and any Hazardous Subs[ance or Enviror�mental Law of which Borrower hac actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Su6stances affecting itte Property is necessary, Borrower shall promptly [ake all necessary remedial aclio�s in accordance wilh Environmental Law. As used in this paragraph 16, "Hazardous Su6stances" are those substances defined as roxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other Ylammable or toxic n m lerials wnlainin asbestos or P etroleum products, toxic pesticides and herbicides, volafile solve ls, a g formaldehyde, and r�dioac[ive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisd3ction where [he Property ls located that relate to health, safety or environmental proteclion. Non-Uniform Covenants. Borrower and Lender further covenant and agree as fbllows: 17. Assignment of Rerrts. Borrower unconditionally assigns and transfers to Lender all the rents and revenues oF the Property. Borrower authorizes Lender or Lender's agents ro collect 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 Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee Cor the beneFit of Lender and Borrower. This assignmen[ of rents wnsliWtes an absolufe assignment and not an assignment for addifional securi[y only. If Lender gives notice of breach to Borrower. (a) all rents received hy Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrumenh (b) Lender shall he entitled to collect and recelve all oF the rents of the Property; and (c) each lenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Leuder's written demand to the Lenant. 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[his paragraph 17. Lender shall not 6e required to en[er upon, take control of or maintain the Property before or after giving notice oF breach to Borrower. However, Lender or a judicially appointed receiver may do so a[ any [ime there is a breach. Any application oF rents shall not cure or waive any default or invalidate any o[her right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt securetl by the Security lnstrumen[is paid in full. 18. Foreclosure Procedure. If Lender requ'ues 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 entitled to collect all eacpenses incurred in pursuing the remedies under this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. 001123168426 Qtl�ank 32.61.12 V4 FHP Martgage WITH MER&NE Revisetl 4796 VMP U VMP4N(NE)(1'109).00 Wdters KWwer financial Serviws Page]of 10