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��14��439 <br /> '�5. Borrow�r's Capy.Barrower shall be given on�conformed copy of the Note and of this Security <br /> Instrument. <br /> 'I S. Hazard�usSubstances,Borrower sha11 nat cause ar permit the presenc�,use, disposal, storage, or release <br /> of any Ha2ardous Subs�ances on or in the Property. Barrower shall not da,nar a11ow anyone els�t�do, <br /> anything affecting the Proper�y that is in�iotation of any Environmental Law.The preceding two sentenc�s <br /> sha11 not apply to the preseace,use,or starage on the Pr�perty of sma�l quantities af Hazardous Substances <br /> that are generally recogni�ed to be appropriate t�normal residential uses and to maintenance af the Property. <br /> Banower shall prvmptly give Lender written natice of any investigation,c1a�m,demand, 1a�rs�it or other <br /> action by any governmental or regulatory agency or private par�y�nvolving the Prop�rty and any Hazardous <br /> Substance or Envir�nmen�al Law of wh�ch F3�rrower has actua�kn.owledge. If Borrower learns,or is notified <br /> by any governmental or regulatary authority,that any remo�ral or other remediation of any Hazardous <br /> Substances affecting the Property is n�cessary,Borra�ver shall promptly take a11 n�cessary remedial actions <br /> in accordance with Enviror�mental Law. <br /> As used in this paragraph I 6, "Haza.rdous Substances"are th�se substances defined as taxic or hazardous <br /> substancesby Environmenta�Law and the follawing substances:gasoline,kerosene,other flammable ar taxic <br /> petroleum products,toxic pestic�desand herbi�ides,volatile solvents,materials containing as�estos vr <br /> formaldehyde,an�ra.d�oactive materials.As used in this pa.ragraph 16, "Environmenta�Lav�r"me�.ns federal <br /> laws and la�vs of the jur�sdietion where the Froperty is locatedthat relate to hea�th,safety or�nvironmental <br /> protectian. <br /> Non-Unif�rm�ove�tants.Bo�avver and Lend.er further covenant ant�agree as fo�Iows: <br /> 17. Assignmentof Rents.B�rrower unconditionally assigns and�ransfers to Lender a11 the rents and revenues <br /> of�he Propei-ty.Borrower authorizes Len�ler or Lender's agents to collect the rents and revenues and hereb}� <br /> directs e�ch tenant of the Property to pay the rents to Lender or Lender's agents. Hawever,prior to Lender's <br /> notice to Borrower of Borrower's breach af any covenant or agr�err�e�t in the Secur�ty Instrume�t,Borro�ver <br /> shal�callect and receive all rents and rev�nues c�f th�l�roperty as trustee for the bene�'i�o��ender and <br /> Borrower.This assignment of rents constitutes an absa�ute assignment an.d not an ass�gnment for additional <br /> security onty. <br /> If Lender g�ves notice of breach to Borrawer: (a}a11 rents re�eived by Borrau�er sha11 be held by Borro�ver <br /> as trustee far benefit of Lender on1y,to be applied to the sums secured by the SeGurity Instrument; (b} <br /> Lender s�al1 be entitled to collect and receive a11 of the rent�of the Property;and(c}each tenant of the <br /> Proper�y shall pay a11 rents due and unpaid to Lender vr Lender's agent on Lender's written demand to the <br /> tenant. <br /> Borrower has not executed any prior assignment of the rents and has not and�vi11 not perform any act�hat <br /> would prevent Lender from exercising its rights under this paragraph 17. <br /> Lender��ha�l nat b���c�uire�to ente�upo�,�k�con�rol of or maintain�he P�o�erty before o�a�er giving <br /> natice of breach to Borro�ver. How�ver,Lender or a judicially�.ppointed recei�er may da so at an�tim� <br /> there is a breach.Any applica�ion of ren�s sha�l not eure or waive any default or invalidate any other right or <br /> remedy of Lender. Thi�assignment of rents af the Prop�rty sha11 terminate when the debt secured by the <br /> Security Instrum�nt is paid in fu11. <br /> , 1$. Fvr�eclosurePracedure.If Lender requires immediate�aym�nt in full under paragraph 9, Lender <br /> . may invoke the power af sale and�ny other remedies permitted by applicable law.Lender sha�l be <br /> entitled to callect all expenses inCurred in pursuing th�remedies under this paragraph 18,includ�ng, <br /> but not limited to,reasonable att�rneys'fees and cas�s of title evidence. <br /> FHA Mortgage WITH MERS-NE ��`� Re�ised 419B <br /> VMP� VMP4N�NE}�1302).04 <br /> Wolters Kluwer Fi�ancial Serv)ces P�ge�of�4 <br /> q4332��15445 Q233 283 �?1� <br />