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201405999
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201405999
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Last modified
7/20/2017 8:52:26 PM
Creation date
9/22/2014 2:05:48 PM
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DEEDS
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201405999
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��14�5999 <br /> �5. Borrovirer's�opy.Borrower sha�l be given one conformed capy of the Note and of this S�curity <br /> Instrument. <br /> 1 C. Hazar�lousSul�s�ances.Borr��er sha��not cause or perm���he presence,use, d�spasa�, storage, or release <br /> of any Hazardous Substances on or in the Property. Borrower sha11 not do,n�r allovv an�ane else to da, <br /> anything affecting the Property that is in vi�la�iora of any Environmental Law. The preceding t�vo sentences <br /> sha11 na�apply to the presence,use,or storag�on the Property of sma11 quan�iti�s of Hazardous Substances <br /> that are generaily recogni�ed to be appropr�ate to normal re�ident�al uses and to maintenanc�of the Property. <br /> Barrower sha�1 promptly g�ve Lender written notice af any inves�igation,claim, demand, lawsuit or other <br /> ac��on by any g��ernmen�al or regulatory agency�r private party in�o�ving�he Property and any Ha�ardous <br /> 5ubs�a.nce or Enviranmental Law pf�hich Borrawer has actual know�edge.�f Barrower l�arns,or is notified <br /> by any go�ernmet�ta.l or regulatory authority,that an�removal or ot�er remediation of any Hazardous <br /> �ubstances affect�ng the Property is necessary,Borrawer sha11 promptly take ali necessary remedial actions <br /> in acGor€�ance with Environmenta�Lavv. <br /> As us�d in this paragraph�6, "Hazar�Qus Substances"are thase substances def�ned as toxic or hazardous <br /> substance�by�nvironrnental Law anc�the fQllowing substance�:gasc��ine,kerosene,other flamm�.ble or taxic <br /> petroleurx�products,�oxic pes��cides and herbicides,�olat��e solven�s,material�containin�asbestos or <br /> formaldehyde,and radioactive ma�erials.As used in this paragraph 16, "En�iranmenta.l�,aw"means federal <br /> iativs and laws af the�urisdic�ion�rhere the Proper�y is locatedthat relate tfl hea�th,safetyor envirvnmenta.l <br /> pro�ection. <br /> Non-Ur�iform Gavenants.Borro�er and.Lender furthe�r c���r�ant and agree as follo�s: <br /> '�?. Assignment�f Rents.Forrower unconditionally assigns and tran.sfers to Lender all the rents and revenues <br /> of the Property, Borrower a�thori�es Lend�r ar Lender's agents to ca�ieet the rents and revenues and hereby <br /> direets each tenant of the�roperty to pa�the rents��Lender or Lender's agents. However,prior to Lender's <br /> natice to Borro�er of Borrower's breach of any co�enant or agreement in the Security Instrument,Borrawer <br /> shall co��ect and reee��e all rents and revenues of the Prop�rty as tru�tee for th��enefit of I��nd�r and <br /> Borrower. This assignment of ren�s consti�utes an absaiute assignment and not an assignment for additional <br /> security on�y. <br /> If Lender gi�es notice of breach to$orrower: (a)ai�rents received b�Borrower shall be he�d b�Borr�wer <br /> as trustee for�ene��of Lender anly,to be applied t�the sums secur�d by the Securi�r Instrument; �b} <br /> Lender shall be e�t�tled to col�ec�and recei�e aI�of the rents of the Property; and[c}each tenant of the <br /> Property shal�pay all rents due and unpaid to Lend�r or Lender's agent on Lender's�vri�ten demand to the <br /> �enant. <br /> Borrower�ias not executed any prior assignment of the r�nts and has not and wi�i not perform any act that <br /> �ou�d pre�en�Lender fram exercising�ts rights under this para�raph �7. <br /> �e�der s�.all r�ot be regtxired to enter�pon,take cont�ol of o�'maintai�.the P�operty before or after g�v�x�g <br /> n�tice of breaeh to Borrower. Ho�rever,Lender or a jud�cially appointed r�c�i�er may do so at any time <br /> F . <br /> there is a br�ach. Any appiication of rents shall not cure or wa��e any default ar in�al�date any other right or <br /> remed�of Lender.This a�si�nment of rents of�he Property shall terminate�hen the debt secure�by tb.� <br /> Security�nstrument is paid in fu11. <br /> �!8. Forec�asurePrvicedure.If Lender re�u.�res immediate paym�nt in fuli under paragraph 9, Lender <br /> may in��ke rhe ptiwer o�'sale and any ather remed��S permitted�y appl�cabl�la�v.Lender shall be <br /> entitled tv collect all ex�enses in�urred in�ursuing the remedies under this paragraph 18,including, <br /> but n�vt l�imited ta,r�asanable a��vrneys'fees a�d costs of title e�idenc�. <br /> FHA Mort a e WITH MERS-NE �� �� Revised 4196 <br /> VMP� g g VMP4N�NE}�1342}_D� <br /> Wolters Kl�wer Financial 5ervices q�3333.1��141 �233 294 �7�.� Page?of 1U <br />
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