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��14��153 <br /> '1�� Ha�ardou� Subs�ances. Borrowe�• sh�.��n��c�.use o��pe��n���he presence, use, dispos�:1, starage, or re�ease <br /> of any Hazarc�ous Subs�ances on or i�z�he Property, Bar�otxre� sha.1��o�t�o, �Znt•a11ow anyone e�se�o do, <br /> ar�y���ing�.Ffect�tlg�he Proper�:y thai;is i�1 vialation of any�nvi��on�nental Law. The pi•e�eding��va sen�er�ces <br /> sh�.��no�apply�o t�ie presence, use, or s�or�.ge o�.�he Pro�e��ty of s�n�11 c�uar��i�ies of Hazarda�.�s Subs��.�a.ces <br /> ��la�a.re ge�.e�a��y�ecog�.ized.�o be apprapr�a�e to�xortna�reside�tt�.�uses a��t�to�naintena�lce�f�che PrQpe��y, <br /> Bn�•rav�er shal�pramptly give Ler�der v�ril:l:en r�a�ice of any investiga��or�, c�a.i�n, de�nanc�, IavUsui�or��:her <br /> ac��o��by a��g�ver���ntal ar regula��ry ager�cy ar�riva�e p�.�ty izlvo�vi�.g the Proper�y a.�d a�y Haz�.�d�us <br /> Subs�a�ce�r E��virata�ne��tal Lavv�f wh��h I3orrower has activa�kt�.owledge. I�'Borravver le�rns, o�is�.o��fzed <br /> by ar�y gover��nen�a�or regulatory au�horr�y, �ha�any�e��.ov�1 0�a�her ret�ec�iatior�of any�I�zardaus <br /> Subs�ar�ce� affec�ing�he Property is��cessa.ry, Borro�rer sha11 pra�npi.ly�ake a��necess�y reinec�ial ac�ia�s <br /> . <br /> ��.ac��rdance wx�h E�zvx�on�ne��a�Law. <br /> As usec�in this para�rap�l 1�, "Hazardous Substances" a.re�lzose subs�a.nces definec��s�oxic or haza��c�ous <br /> su1�s�anGes by Environ�ne���a�Law a�.d�tihe following subs�ances; gaso�zne, �ferose�ze, other fla.rnlna�a�e or <br /> �a�ic petro�eum produc�s, �oxic pes��cides a�d herU�c��.es; vol�.tx�e sa�ver��s,. �-na�erials ca�tair�ing as�esr�s ar <br /> far�na�dehy�e, �.�.�.radioa�tive�z�a�er�a�s. As t�se�.�n�his paragrap�a. �.5, "E�viro���ental Law" ��nea�s fe�.era� <br /> �a�rs and�av�rs of�he ju�risd�c�ion�wlzere�he P�roperty is loca�e�.tlza�rela�e�o�iealtlz, s�.fety or environ�nenta� <br /> ���o�ec�i�n. <br /> N�n�U n if arm �ove n a nt s. Bor�av�er and��enc��r furth�r covenan�a��c�agree as follows: <br /> 'I 7. A ss��n m en� of Ren�s. Ba�rov�er uncondrtia�all�as�igns �.�d�r�nsfers�o Lender a1���ae ren�� atic�r�vetlues <br /> of the P�rope��y, I3or�a�t�ver au�har�zes Le�a.�er o�Le��.er's a.ge�a�s�o ca�Iec�t��e ren�s an�.revenues a.nd hereby <br /> c�irec�s each�e��a�z�of�1�e Property�o pay���e rer��s �o Lender ar Lerider's�gen�s. However, �rior to Lender's <br /> �Zotice to Borrawet• of Borrower's bt eac��o�'aizy covenan�ar agree�nen�in�lie Security Ins�r�.����en�, 13arravver <br /> s�iall callec�a�d receive al1 ren�;s and revenues oF 1:�ie Praperty as trust�e fQr t�le benefi�of Le���.�r anc� <br /> Borrav�rer, Th�� assig��.�nent of�etlts cans�i�:utes a-n absn����e as�igr�ment an�na�a��ssig�nen�far�ddi�xo�a� <br /> �ecurity�r�1�. <br /> T�I�er�del gives not�ce of bt�eac�z�:o Borrower; (a� �1��er��s�received by Bo�rower shall be l�e1d b��flrrowe� <br /> as tt•us�ee for�be�.ef�t af Let�de�an�y, to be applied�o��.e sums �ecured�y the Securi�y Insi:rutner�t� <br /> �b� Lenc�er sh�11 be et1��l:led to collec� at�d receive a11 of�lze�et��s of t��e Prope�i:y; a.�d�c�eac�tenar��of��le <br /> Prap�r�y s�l�.11 pay�:�1 re�ts due a�d u�paic�to L�nt�er or Let�de�'s age�t��Lender's vvri��en dei��and�o��ae <br /> ��nan�. <br /> I3orra�trer has�na�exec�.��ed a�zy prior ass�gr�t.ne�1�of�1�e re�ts ar�d l�as na�and�w�1��a.ot�erfor�n a��y act thaf: <br /> wa�.��.pre�re���Lenc�er fi�om e�e�cisixzg i�s r�gh�s under��a�s parag�ap�a �7. <br /> Le�zde�s1a.a��no�b�require�.�o en�er upon, �a1ce cotztiro��f or�nain�a�n t�le Prapc�r�y bef��re or af��r givitlg <br /> no�x�e af 1���ac�i�o�of rower. �Iowever, Le�c�e�o��.�udici�.11y appo�ntec�i•ec��ver xnay d� �o a.�a�zy t����� <br /> �h��e�s a b��aGh. Ai�.y ap�lic��.��oz�o�'rents sh��.1�n��cur�.�r wa�ve ar�y d�f�.ul�ot�r�v�.��da�e ax�.y o���er ri��t�r <br /> rex�ne�.y of L,e�l�.��r. Tl�.s ass�gra.7tne�.�af xer��� of the�'ra�erty s�l��l tertnin�.�e,whe�.�he deb��ecured.by the <br /> Secur��y I�a.s�r�Xzne�a��s pai�.in fu.�l. <br /> �8. Forec�osure Prac�dure. If Lender rec�u�x�es��n�nediate�ayme��t iz����11�xnde��p�r�graph 9, Lender <br /> �nay rn�vol�e�he powe�-of��le a��d a��y a�her re�n�dies�ermit�ec�bY�ppl�c�ule law. Lenc�e�•shnil be <br /> ent��lec� �o co�lec��Y�expen�es i��cu�•red YYi pursYrin�tlae remedies xxnder tl�is pn�.•ngrnpli 18, �n�Y�Ydin�, <br /> u��t na�limited�o, rensona��e�rtl:orne�s' fees anc�cos�s af�Yt�e evrdence. <br /> ��5��a���� <br /> FHA❑�ed af Trust-N� 4C9G <br /> VM P Q VM P4R�N����3Q2} <br /> UV�Iters Kluwer�inanclal Services Page a��Q <br />