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201209481 15. Borrower's Copy. Borrower shali be given one conformed copy of the Note and of tLis Security Insl:rument. 7 6. Hazardous Substances. Borrower shall aot cause or permit tLe presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property. Boaower shall not do,nor allow anyone else to do, anything affecting the Properly that is in viola[ion of any Environmen[al Law. The preceding two sente�es shall not apply to the presence,use, or storage on the Properry of smali quantities of Hazardous Sl�bstances thxt are generally recognized to be appropriate to�rmal residential uses and to maintenance of the Property. Borrower shall prompfly give I.ender wri[[en notice of auy investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private pazCy involving the Property and any Hazardous Substance or Environmental I.aw of which Botrower has actual lmowledge. If Borrower learns, or is notified by any govemmental or regulatory authority,that any removal or other remediation of any Aazanious Substances affecting the Property is necessary, Borrower shall promptly take all necessary rcmedial actions in accordance with Enduonmental I,aw. As used in this paragrapL 16,"Hazardous Substances"are those substances defined as m�cic or hazardous subsiances by Environmental I.aw and the following substances:gasoline,kerosene,o[her flamma6le ot[oxic - petroleum products,to�cic pesticides and herbieides,votatile solvents,mate�ials containing asbestos or formaldehyde,and radioac[ive me[erials.As used in this paragraph 16,"Environmental Law"means federal laws and laws of the jurisdiction where the Proper[y is located tl�at relate to health,safety or environmental protection. Non-U�iform Covenants. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower uncondirionally assigns and lransfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to wllect the rents and revenues and hereby directs each tenant of the ProPerty[o pay the rents to Lender or I.ender's agents. However,prior[o Lender's nofice to Borrower of Borrower's breach of any covenant or agreement in[6e Security Instrumen[, Borrower sLall collect and receive all rents and revemxes of Uie Property as trustee for the benefit of I.ender and Borrower. TLis assignment of reuts wns[itutes an xbsolute assignment and nof an assignment for additional sccurity only. If Lender gives notice of breach to Borrower: (a)aIl rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by [he Security Inshument; (b) � Lender shall be entitled to collect and receive all of the rents of tt�e Property; and(c) each tenant of the Property shall pay all rents due a�unpaid[o Lender or Ixnder's agcnt on I.ender's written demand to che tenant. Borrower has not execu[ed any prior assignment of the rents and has not and will not perForm any act that would prevent I,ender from exercising i[s righls under Ihis paragrnph f 7. Lender shall no[be requ'ved to enter upon, take control of or maintain the Properry before or after giving mdce of breach to Borrower. However, Lender or a judicially appointcd receiver may do so at any time there is a breach. Any applica[ion of rents shall no[cure or waive any default or invalidate any other right or remedy of Lender. Tlvs assigument of rents of the Property sLall terminate when the deb[secured by [he Secority Instrument is paid in full. 78. Foreclosure Procedure. If I.ender requires immediate peyment in full under paragraph 9,I,ender may invoke the power of sale and any other remedies permitted by applicable law. Lender shaR be entitled to collect all expenses incurred in pursaing the remedies under tltis paragraph 18, i¢cluding, but not limited to,reasonable attonieys' fees and costs of tiHe evidenm. �MPM�ortQ.yvWITHMFHSNE �II'��II��II'■IIIq��I'IIIIIII��I�II yMP4NINE��110�0� Woitere Kluwer Fl�arcial Services � A� � Q03330945757 0233 618 0710 ^ `� / 1 I ` SS �-