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201403486
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Last modified
7/20/2017 11:25:41 AM
Creation date
6/12/2014 12:33:14 PM
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DEEDS
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201403486
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��14�345� <br /> 'i 5. �arrower's Capy.�orrower shall be g�ven�ne confarmed c�py of the Note and of this Security <br /> Instrument. <br /> 1 S. Haza�da us S u#�sta nces��orrow�r sha11 not cause or permit the presence, use, d isposal, storage, or re 1 ease <br /> . af any Hazardous Substances on or�n�he T�roper�y. �orrower shall not da,�or allow an�one else to da, <br /> anything affeGting the Property that is in�ialatian of any En�ironmen�a�L�.w. The preceding two sentences <br /> shall not�.�p�y to the presence,use,or s�orage on the Propert�of sma11 quantities of Hazardaus Subs�ances <br /> tha�ar�generally recognized to be appropri�te to normal resident�al uses and ta maintenance of the Property. <br /> Barrawer shali promptly gi�e Lender�ritte�notice of�ny in�estigation,cla�m,demand, lawsui�or other <br /> action by any gov�rnmental or re�uiatory agenc�or pr�vat�party in�olving the Pro�erty and any Hazardous <br /> Substance or�n��ronmental Law of which Borro�ver bas actua��now�edge. If Borrower�ea�s,or is nqti�e�. <br /> by any governmenta�or reg��latory authorit�,that an�remo�al or ather remediation of any Ha�ardous <br /> Substances affecting the Property is necessary, �orro�v�r shall promptly ta.�e a1�necessary remedial actions <br /> in accordance with Env�ronmenta�Law. <br /> As used in this paragraph 16, "Hazardous Substances"are those substa.ncesdefined as toxic or hazardaus <br /> s�.bstar�ees by Environr��nta�La�and t�.e fo��owing substa�.c�s:gaso���.e,ker�ser��,ath�r�ammab�e or�o��c <br /> petroleumproducts,toxic pesticidesand her��cides,�volatile sal�ents,materialscontain�ngasbest�sor <br /> formaldehyde,and radioactive materials.As used in this paragraph 1 b, "Env�.ron.mental Law"means federal <br /> iaws and laws of the�urisdiction�vhere the Proper�y is locate�that relate�o heaith,safe�y or en�ironmental <br /> protection. <br /> �Ilon-Uni�o�'m��ou����#s.Bor�awer and Le�d�r fu�ther covenan�and a�ree as follo�s: <br /> 1�`. A►ssi�nmentof Re�tts.Borrow�r un�ond�tianaiiy assigns and transfers ta Lender all the rents and revenues <br /> of th�Prap�rty. Borra�aer au�hori���Lender or Lender's agents to collect�h�rents and re�enues and here�y <br /> direc�s each tenant of the property#o pay the ren�s to Lender ar Lender's agen�s. Hovvever,priar�o Len�er's <br /> notice to Borrower of Borrawer's br�ach Qf any co�enant or agreement in the Security Ins�rument,�orrativer <br /> shall collect and re�eive all rents and re�enu�s of the Pr�p�rty as trustee far the benefit of Lender and <br /> Borjrovver. This ass�grament of rents constitutes an abso�ute assignment and na�an as�ignment far additional <br /> secur�ty aniy. <br /> If Len�er gives notic�of�reach to�arrower: �a}a��rents re�ei�ed by Borrower sha�l be held by Borro�er <br /> as truste�f�r�enefit of Lender only,to be app�ied to�he sums secur�d by the �ecur��Instrument; (b} <br /> Len.der shail be entitled to collect and rece�ve a��of th.e rents of th�Property;an�l(c}�ach�enant of the <br /> Prapert�shall pay aI�rent�due and unpaid to Lender or Lender's agent on Ler�der's written demand to the <br /> tenant. <br /> Borrower has nat executed any pr�or assignmen�of the rents and has not�.nd�vi11 not perform any act that <br /> would pr�v�nt Lender fram exerc�sing its r�ghts under this paragragh 17. <br /> �,�nder s�a��not be re���r�d ta enter�pan,�ake contr�l of o�ma�nt.a.�n the Property befor�or aft�r giving <br /> notice of breach to Borro�ver. Ho�ev�er,Lender or a judicially appoi�a.ted receiver may do so at any tim� <br /> there is a breach. An�appl�catian of ret�ts�ha11 not�ure or vvaive any default or invalidate any d�her r�ght or <br /> remedy�f Lend�r, This a�si�nment of ren�s of the Property sha11 terminate u�hen the debt secured by the <br /> Securi�ty Instrument xs paid in full. <br /> 18. ForeclosurePracedure.If Lender requires immed�a�e pa�ment in fu�l u�.der paragraph 9, Lender <br /> may invvk�the power�f sa�e and any oth�r remedies permitted by app�i�able lavv.Lender shall be <br /> en�it�ed to callect all expenses incurred in pursuxng the remedies under this paragraph 18,including, <br /> bu�nat limi�ed to,reasanable attorneys'fees and cas�s af title eviden�e, <br /> FHA Morkgage WITH MERS-NE R��ised 419fi <br /> iIMP C7 VMP4N[NE)[13b2}AO <br /> V�lol#ers Kl�wer Financia!S�rvices Page�of 1� <br /> �o3��s��1��s Q�3� 3�� o�s� <br />
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