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201209630
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Last modified
7/20/2017 10:01:31 AM
Creation date
11/16/2012 3:11:14 PM
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DEEDS
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201209630
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201209630 <br /> 15• Bo�ow��'s COpy.IIorrower chnll be given one confarmed copy of[he Nofe and of tEtis Security <br /> [nstrument, <br /> 16. Hazardpus SubstanCes. Rnrro�vcr shall no[uuuse nr permil the presencn,use,disposal,sforage,or release <br /> of any I{a2ardrnis Substances on ur in thc Properry.[iorrucvc:r shall ooc do,nar a91aw anynne else to dn, <br /> anything affectin�[he Property that is in violulinn of'any F_nvirunme�ta[Larv,The Preceding two sentences ' <br /> sh�3[not npply to the presence, usc,or stora�e un the Pt•oper[y oFsmall quantities oC I-lazardnus Su6stances <br /> that are generally rewgniud io be�cppropriate Eo normal residential uses and to main[cnance of the Prup�riy. <br /> Dorrnt;�er shall Prflmptly�ive I,ender 4vritten notice of any invesligation,clairn, demand, Iawsuit nr otEier <br /> ac[ion hy atty gnvernmental or regulafory agency or private party involving the ProperCy�nd any[-Iazardous <br /> Subscance or�nvironmenta[La�v oP tvhich➢orrow�er has actua[kno�vledge. E f Borra���er learns,or is notitiod <br /> 6y any gover»mentul or rcgulatory authurily,that any remoeal nr olher reme�liation nf any 1-larardous <br /> Substances affecting tlie 1'rop�rty is necessary, 13arrower shall promptly toE;e n[1 necessary reinedia�aetions <br /> in accordance tvilh Environmental f.aw. ' <br /> As used i n LE�is paragraplt 16,"1-[ar�rdous S�bstances"are iliosa substances detined as taxic or 13azardnus <br /> subsiances by�nvironmcnta[Latv and Lhe follo��-ing substances:gasoline,kerosene,other f]�mmabfe or to�ic <br /> petroleum products,iaxic pesticides and herbicides,volatile so€venls,materinls containing asbesLus nr <br /> forma[dehy[le,and radioactive materials.As used in tltis par¢grnph 16,"Cncironmenlal I.tnv"mear�s f'ederal <br /> lutvs and]aws al'thejurisdicEioa where�E�e Prnperry is located tliat relate fn henith,saiety or envirunmenl�[ <br /> prplectinn. <br /> Nort-Uniform Covenants. 13orro�ver and Lender 1'urther covenant and agrec as fol]ows <br /> 17. Assignment nf Rents.BorroGver uncunditionally assi�ns and lransfers to Lender all the rents and revenues <br /> of che Property.Bar��c,wer auil�orizes E.ender or Lrndzr's agenis to cnllect tl�e rents Qnd revenues and hereby <br /> directs euch fennnt oFthe Properly lo pay the rents te Lender or Lender's a�ents, Ho�vcver,prior to Lend�r's <br /> nolice lo Dorro�ver ol'Borrosver's breach oFany m�-enant or agreemeni in the Security lnsfrument,8orrower <br /> shall cal[ect and receive�II rents and revenues nFkha Property as 4•ustee fnr t3�e benefit of Lender�nd <br /> [3orrower.'I'his assignment ol'renCs cnnstitutcs an absoluLe assignment and nat an assignment Cbr addilional <br /> security anlv. <br /> If'Lender gives nutice of breach lo dormwer:(aj all renls received bV Borrower s]taI]be hald by Borrawer ' <br /> as trustee£ar 6enefit nf Lender only.(o be appliect la fhe sums sec�red 6y Ehe Sccuriry Instrumenl;(6) ' <br /> Lender shal I be entitled to collec[and reccive al[of the renLs of the Properry;and(c)each tenttnt of the <br /> Properly shall pay all rents dicc and unpaid tu Lender or Lcndzr's agent un Lender's written demat�d fu fhe <br /> tenant. <br /> 13urrower has not executed nny priar asstenment nf thc rents aod has rtut:uod wiil not perform any�c�that <br /> wauld�revent Lender fram exerci5ing its rights under lhis parngraph 17. <br /> L�nder shall not be requimd ta enter upan, lakc cnntml of or main�ain the Prnperty bef'orc or aiter giving <br /> notice of breach to I3orroti��er. Fln�vever,Lender or ajudicin�ly nppoinled recciver may dn so at any time <br /> lhere is a breach.Any application of'rents sho][not cure or�vaive any default or invalidate any other right or <br /> remedy af i.ender.This assignmcnE aP rents of Yhe Properly shal�terminate when the debt secured by dte <br /> Security Instrument is paid in Ihll. <br /> 18. For@CIOSIII'2 ProCedEi�e.If Lenc�cr requircs immedinte payment in fuq under pnragraph 9,Lender <br /> may invol:e ti�c poFvcr of sale;�nd any nther remedics permittec!hy ap�lic:cbEe law. Lendcr shall bc ' <br /> entiticd to collect all ex�cnses incurred in pursuing the remedies mider tLis paragraph 18, including, <br /> but nnt limited to,rcason�ble a#tnrneys'fces artd easis uf title evidence. <br /> 2012.2099021 1007-0977QQ12�5722fi �. <br /> FHA Mort��e LVITH Mq2$.,yE 2355 �� <br /> VMP M f�evisetl 4138 <br /> WOltersKluwerFnsnci�ISarvlces 11�9I2�1� 1��;{3A�A VM?dN(�IEJ(1i�9} �. <br /> ' Paqe 7 of 10 '�. <br />
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