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201208584 <br /> 15. BDrrowe�'s Copy. Borrower s1�aEl be�iven one conformed copy ot-the Note and of this 5ecurity <br /> Instrument. <br /> 'i B. Wazardous Substances. E�orro�ver sha{k not cause ar permit the presence, use, disposal, stara�e, ar release <br /> of any 1-[azardous $ubstances on or in tlte Property_ Borro�ver shall not do, nor allo�v anyone else to do, <br /> anytiiing affecting tE�e Property that is in violativn of any Enviranmental I..ativ, The preceding twa sentences <br /> shall not apply to tE�e presence, use. or stora�e on the Praperky oFsmall qoantities of Hazardous Substances <br /> tltat are�enerally recagnized lo be appropriate to normal residential uses ancE to maintenance of the Property. <br /> l3orro�ver sEiall prompity give Lender wriiten notice of any invesYigation, daim, detnand, lawsuit or otEier <br /> action by any governmental or regulatory agency or private party involving tlie Property and any Hazardous <br /> Suhstance or CnvironmentaE Law of�vl�icli Borro�ver has actual l.-no�vledge_ If I3arrower lenrns, or is notified <br /> Uy any governmental or regulatory authority, that any rcmoval or other rerrtediation of�ny H�znrdous <br /> Sobstnnccs nffecting tllc Property is necessary, Borro�ver shall promptly tal:e all nec�ssary reme�li�l acEio[is <br /> in accordance with Environmental l.a�v. <br /> As i�sed in this p�r�grnph 16, "HazardnL�s Suf�stances":�r��h❑tie suhs[�€ices detl�ied as toxic or hazardous <br /> substanc�s by Envirunmrnl:�l L�1w�nd tk�e followingsuE�sta�ices:aasoline, ]:erosene,ather flammaUle or toxic <br /> petroleum products,ioxic pesticides and lteri�icides, volatile solvents,materials containin�asbestos or <br /> fnrmaldehyde,and radinactive maYerials. As used in this paragraph l G, "Gnvironmental Law"means Federal <br /> laws and laws ofthe jurisdiction wlzere the Property is located tltat relate to health,safety or anvironmentaE <br /> protectian_ <br /> 1+Ion-Uniform Covenants. Borrower and Lender 1urCher covc:nanE uncl a�,ree as PolEotivs: <br /> 17. Assignment of Rents. I3orrowar wnconditionally e�ssigns ac�J LransPers to Lender all the rents and revenoes <br /> of'Lh� Pruperly. Burruwer au[E�orizvs Lander or Lender's agenta to colEect tlze renis and revenues and hereby <br /> cEirecCs eacli ten�nt of tltie Property to p�y the rents to I.ender or Lender's agents. I-Iowever, priar to LencEer's <br /> notice to Bnrrower nF Bnrrnwer's 6reach of any covenant or a�reement in khe 5ecurity InsYrument, $orrower <br /> shall cc�t�ect and receive all rents and revenues of tlte Praperty as trustee for the 6enefit of Lender and <br /> Borro�ver. Tilis assignnZent of rents cons[itotes an absolute assignment and not an assignment for addition:�l <br /> security oniy. <br /> If Lender gives notice of breacl� tq Borrower: (a) aE[ rents received 6y Borrower shall 6e held by E�orrower <br /> as trustee for bene�t oF L.ertder only, to Ue ap�lied to the sums secured by thc 5ecurity Instrum�nl; {U) <br /> Lender shali be entiYled to collect and receive al I of the rents of tltc Property; :�ncl (c) each tenant of t{ie <br /> Property shall pay all rents due and unpaid to Lcnder or Lender's agent un Lencler's writtei� dentand m tE�e <br /> tenant. <br /> Borro�var has not executed any prior nssignment of tlle rents ancl iias not aatcf will not perform any acE tEia[ <br /> �vould prevent Lender frnm exercising i#s rigl�ts und�r this p�ragrapli 17. <br /> Lender shall not bc rcquired to enter upon, tal;e cnntrol af ur m�eintain the Propertiy before or after givin� <br /> noticc of breach to Borro�ver. How�ever, Lrndrr ur a juclicially appointed receiver may do so at any time <br /> tl3ere is a Ureach. Any applica�ion uf rents sl�all not cuE•e or waive any default or invalidate any other right or <br /> remedy oF Lend�r. This assignmenY of rents of the PrnPerty shall terminate whan the debt secured by the <br /> 5ecurity InstrumcnC is paid in fiili. <br /> 18. Foreclosure Pro�edure. 1f'Lender requires immediate payment in full under�aragrapL 9, Lender <br /> m�y involce the power of Sale and any �tl�er remeciies permitted hy applicable law. Lender sh�ll be <br /> cntitled to collect all ex�enses incurred in pursuing thc remedics under this paragra�h 18, incl�ding, <br /> t}�F�'. llt7� tII111LL'LI LUz reasaFiable attorneys' fees and wsts of title evidence. <br /> 2012-2729262 100OA970�012039538 0463 <br /> FHA Mor�gage WITI I M[7Z5-N[ Rr..vised 4196 <br /> VMF'Qn VMP4NINE)[�i�'�) <br /> Wollers I<luwer rnancia!Services 1 0191201� 2:50 PM P�9e 7 oT 1❑ <br />