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201210800 16. HazardousSubstances.Borrorver shall uot causc or permit the presence,use, disposal, storage, or release of anv Hazardous 5ubstances on or in the Propert}-. Borro«-er shall not do,nor allow anyone else t.o do, anythiug affecting the Pmperty ttk3t is iu�-iolation of any Environmental Lat��. The preceding two sentences shall nat apply to the presence,usc, or storage on the Proper[y of small quantities of Hazardous Substances tikit are gexterally recogruzed to be appropriate to nonnal residential uses and to inaintenance oF the Propert,y. Borracver shall promptly give Lcndcr w�itten notice of airy i�rvestigation,claim,demand, lawsuit.or other actian b�� any �overzunecual or regulatory-agency or private party involving the Property and any Hazardous Substance or Environmental La�v of cvhich Borro�ver has actual knowledge. If Borro�ver learns,or is notified bj� any govenunental or regulatory authority,that any reinovai or other remediation of any Hazardous Substances affecting the Property is necessan,Borrower shall promptly�take all necessary remedial actions in accordance with Enviroiunental Law. As used in this paragraph 16, "1lazardous Substances"are those subslances defined as tosic or ha-r_ardous substauccs by Enviromnenkal Law and the following substances: gasoline,kerosene,other flanvmable or toxic petroleum products,toxic pesticides and herbicides,volatile solvents, materials containing asbestos or fonnaldehyde,and radioactive Ynaterials. As used in t}us paragraph 1G, "Environmental Laiv"means federal laws and la��s of the jurisdiction��here the Property is located that relate to health, safety or environmental protect.ion. � Nan-UnifarrrtCovenantS.Borrower and Lender further coven�uLt and agree as foilows: 17. Assignmentof Rents.8orro�i�er unconditio��lly assigns and tra�tisfers to Lender all the rents and revennes oP the Propert�. Bono�ver authorizes Lender or Leuder's agents to collect the reuts and revcnucs aud licrcby directs each tenant of the Property to pa�r the rents to Lender or Lender's agents. However,prior lo Lender's riotice to Borrower of Borrower s breach of an��covenant or agreement in the Securitu Instrument,Borro�ver shall coliect and receive all rents and revenues of tlic Property as trustcc for the bencfit of Lender and Borrower. Tkus assignmeut of rents cortstitules an absolute assignment and not an assigrunent for additional security onl_y. if Leuder gives notice of breach to Borrowcr. (a)all renls received by Borroccer shall be held by Borrower as trustee for benefit of Lender ociljr,to be applied to the sunts secured by the Securitti Instru�nent; (b)Lender shall bc cntitled to collect and receive all of the rents o£the Property; and(c)each tenant of the Property sh:�ll pay all rents due and unpaid to Lender ar Lender's a�;eiit on Lender's written demand to the t:en�nt. Borrower has not eaecuted any prior assigmnent.of tlie rents and has not and tivill not perfor�n at�act that cvouid prevent Lendcr froxn e�ercising its rights under this paragraph 17. Lcnder sliall nat be reqnired to enter upon,take control of or maintain the Property before or after giving notice of breach ta Borrow•er. IIoN�ever,I.ender or a judiciall_y appointed receiver niay do su at am-timc there is a brcach. An_y app]ication of ronts shall itot cure or wai�c any default.or invalidate any otlier right or remedv of Lender. T2us assigiunent ol renls of the Properiy shall terminate when the debt secured by thc SecuritF lnstrumenl is paid in fuil. '18. ForeCloSureProCedure.If Lender requires immediate payment in full under paragraph 9, Lcnder may invokc the po�ver of sate and any other remedies pei�nitted b3 applicablc law.Lender shall be entitled ta coilect all expenses incui•red in pursuing the remedies under this paragraph 18,including, but not limited to,reasonable attorne�s'fees and costs uf title evidence. FHA peed of TrusLNE q�gg VMP�R VMP4R(NE){1�OSJ.GO WOlters Kluwer Financial Services Page 7 of 10