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��14�334� �I 5. Borrower's�opy.Borrower�ha�l be given one confarmed copy of the Note and of this Secur��y Instrument. 'I fi. Ha=ardous5ubs#ances.Borrower shal�not cause or permit the presenc�, use, d�sposal, storage, or release �f any Hazardaus Substances on or in the Property. Borrawer shall not do,nar a��v any�n�e�se to do, anything affec�ing the Property�hat is in�io�ation of any Environmental Lavv. The preceding t�vo sentences sha11 not apply to the pr�sence,use,or storage on the Property of sma1l quantities of Hazardous Subs�ances that are g�nerail�recagni�ed ta be appropria�e to normal residential uses and to mainter�a�ace af the Pro�erty. Borrower sha11 prompt�y gi�e Lender�uritten notice of any in�es�tigation,c�a�m,demand, lawsuit or other action by any governmental or regulatory agency or pri�rate party invol�ing the Pr�perty and any Hazardaus Substance or En�ironmenta�La�u of which�orr�wer has actual knov�ledge. If Borrower learns,or is notif�ed by any governmenta�or regu�atory au�hority,that any remaval or oth�r remedia�ti�n of any Hazardous Substances affeeting the Propert�is necessary,Borro�uer sha��prompt�y take a11 necessary remedial actions in accordan�e with En�iranmen�a�La�, As used in�his paragraph 1�, "Hazardous Substa.taces"are thos�substances defined as taxic Qr hazardnus substancesby En�ironmenta.l Lav�and the fol�ovvrng substa.nces:gaso�ine,kerosene,other flammab�e or to�ie p�troleum products,toxic�esticides and herbicide�,volatile sol�rents,ma�er�als c�ntaining asbes�os or formald�hyde,and radi�acti�e materials.As used rn�his paragraph 1 b, "En�ironmen�a�Law"means federal laws and lavvs of�he�urisdiction where the Property is located that relate to health,safety�r e�vuonmental protection, Non-Un�farm Co�enants.Borrower and Lend�r further covenant and agree as follows: �?. Assignmentof Rents.Borrower unconditianally ass�gns and transfers to Lender a11 the retats and r�venues of the Prop�rty. Borrower authorizes Lender ar Lender's agents to callect the rents and re��nues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However,prior to L�nder's n�ti�e to�orra�ver of�orro�ver's breach of any covenan�or agre�ment in the Security Instrument,�orro�er sha11 collect and receive all ren�s and revenues af the Property as trustee for the benefit of Lender and Borro�ver. Th�s assignmer�t of rents constitutes an ab�olu�e assignment and not an assignment for additional securi�r onI}r. If Lender gi�es notice of breach to Barrativer: �a}a��rents recei�red by Borrower sha�l be held by Borrower as trustee for benefit of Lender anly,ta be applied to the sums secured b�r the Securit�Instrument; �b) Lender shall be entitled to collec�and receive all of the rents of the Proper��;and�c)each tenant�f the Proper�y sha11 pay a11 rents due and unpa�d to Lender or Lender's agent on Lender's written demand to the t�nant. �arro�ver has nflt executed any priar assignment of�he rents and has not and wi11 na�perform any act that would preven�Lender from exercising its r�ghts u�der this paragraph �7. Lender shall nat be required to enter upon,take contral of or maintain�he Property bef�re or af��r�iv�ng notice of breach t�Borrovc�er. Ha�e�er,Lender or a judicially appointed re�eiv�r ma�do so a�an}�time there is a breach, Any applicati�n of rents sha�l no�cure or waive any default or in�ra��date ar�y a�h�r right or remedy af Lender. �This assignm�nt of ren�s of the Property shail termina�e when�he debt se�ured by the Securit�Ins�rument is pai�in full. �I$. F�reclasureProcsdure.If Lender requires immediate p�yment in full under paragraph 9, Lender may in�oke the power af sale and any�ther remedies permitted by app��cab�e�avv.Lender shall be entitled t��alle�t all expenses incurred�n pursu�ng the rem�dies under this paragraph 18,inciudirtg, but not limited ta,reasnnable at��rneys'fees and casts of ti�le e�idenGe. FHA Mortgage WITH MERS-NE evised 419fi VMP� V�P4N{NE}(1342}.40 Wolter�Kluwer Finar�cial Services Page 7 of 14 q�33�65fl8�57 �Z33 376 �71�