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201208501 16. FfazardousSubsf.ances.Borrower sha31 not cause or pennit the presence, use. disposat, siorage, or reTease of any Hazardous Substances on or�n the Property. Borrower shall not do,nor allow anyone else to do, anytltin�affectino the Properey that is in violation of any E}�viromnentsl La��. The precedin�two sentences sha11 noi apply ta Yhe presence, use, or storage on the Prope�-Ey of smaiR cluant�ties of Hazardous 5ubstances that are generally recogn�zed xo be appropriate to nonr�al res�dential uses and to maintenance of the Property. Borrawer sl�atl promptiy give Lender w�ritten notice of any investigation_ claim, demand, la�usuit or other act�on by any�oveT�mental or regutatory agency or private party involving the Prqperty aF�d any Ha2ardous Substance or Envn-onmental Law of which Borrower has actual know�lc>dge. lf Borrower leams, or is notified by any govemmentai or re;ulatory author3ty,thaf any removal or other remediat�on of any Efazardous Substances afFect�ng the Proper•ty is necessary, Bon�ower shall prornptly take all necessary remediat actions �n accordance with Environmental �aa�. As used in this paragraph 16, "Hazardous S��l�stances" are those sul�stances defined as tpxic or hazardous substances by Envn•oi�mental Law and the follo�ving substances: gasaline,kerosene, other flammable pr toxic penoleum produets,toxic pesticides and herb�cides,volati]e solvents,mater�als contaEn�ng asbestos or forn�aldehyde. and radioact�ve materials. As used in this para�rapl� 16. "Enviror�3iiental La`r�•"mea»s faderal la�+�s and law�s of the jurisdiction where the Prope�ty is locatecl that relate to riealth, safecy or em�iron�t�ental proteCtion. Non-Uniform Covenants.Barrower and Lender further covenant and agree as follorvs: 17. Assignmentof Rents.Borrov��er uncondit�onally ass�ans and transfers to Lender all the rents and revenues of the Property. Borrnwer authorizes Lender or Lenc3er's a�ents to collect the rents and revenues and hereuy directs each tenant of the Property to pay the rents to Lender or Lender's agents. Fiowever,prior to Lender's nofice to Borrower ot Bon•ower's breach of any covenant or agreeinent�n the Secur�ty Iz�strument, Qonroc��er shall collect and receive all rents and revenues of the Property as trustee for the UenetSt of Lender and 8orrower. This assign2nent of rents constStutes an absolute ass�gnment and not an assigmnent fio�•add'+tional security anly. lf Lenoer gives notice of Ureach to Bon-o�ver: (a}all rents rece�ved by Borrq�ver shall be t�eld by 8on-o�a�er as trustee tor l�enefit of Lender only, tq he appiied to thc su�ns secured Uy the Securlty lnstrument; (b) Lender shall be er�titied to collect anH recezve all of tiie rents of the Pronerty; and fc) each tenanf of the Property shall pay all reF�ts dc�e and unpaid to Lender or Lender's agent on Lendes's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and wil! not perfonn any act that ��outd prevent Lender from exercis�ne its rights iFnder th�s uaraaraph 17: Le3�der shall not be renuired to enter upon, take�ontrol of or maintain the Property before or after giv�n� notice of breach to Sorrow�er. Ha�vever, Lender or a juciicSaliy appointed rer.e�ver�may do so at any time there �s a breach. Any applicatian of rents siiall not cure or�vafue any defau.tY or invalidate dny other rSght or re�r�edy of;..ender. This assignment of rents of the Property shalt tenninate�a�hen the debt secured by the ' 5ecurlty Instrurnent is paid u� fult. 18. ForecfosureProcedure.if Lender requeres immediate p�yrnent in Ful3 under paragraph 9, Lender may invoke fhe power of saie and any other remedies permitted U�app]icable la�v. Lender shall be eotitled to coliect aIl expenses incurred in pursuing the remedies under this paragraph 18, in¢luding, , but nnt limited to, res�sonable atYorneys' fees snd cas#s of tifle evidence. FHA 6eed of Trusi-NE 4/96 V�"��'� VMP4R(NE)(1105).00 Wolters Kluwer Financial Services . Page 7 af 9� � � _. . ...._ . ._._.___. .. _ ..._' '______..._.. .___ ______. .....-..-�::. . '�...., . ..___....