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201500797
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Last modified
7/20/2017 10:46:17 PM
Creation date
2/9/2015 9:56:25 AM
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DEEDS
Inst Number
201500797
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��15��797 <br /> 15. 8vrrow�er's Copy.Borro�ver sha11 be given one conf�rmed copy of the Nate and af this S�curity <br /> Instrume�.t. <br /> '�fi. HazardausSubstan�es.B�rrower sha11 not cause or permit the presenc�,use, disposa�, storage, or retease <br /> of any Ha�ardous Substances on or in the Pr�perty.Borr�wer�hall nvt�io,u�r a�low a�nyone else to do, <br /> anyt�ing affecting the Proger�y that is in violation of any Environmenta�Law, The preceding two senten�es <br /> sha 11 not app 1y to the pre senc e,use,or storage on the Prap erty o f sma11 quantiti e s o f Hazardous Sub stanc es <br /> that are gene�all�r rec��ni�ed to be appropriate t�normal r�sident�al uses an�to maintenance of the Property. <br /> Borrower sha11 pramptly give Lender written nvtice of any investigation,claim,den�and,la�suit or other <br /> action b�any govemmental or regutatary agency or private party involving th�Property and any Hazardous <br /> Substan�e or Environrnenta�Law of which Borrower has actua�knowledge. If Borrower�earns,�r is notified <br /> by any go�ernmental or regulatory authority,that any removal or other remediation of any Hazardous <br /> �u�stances aff�cti�g t�e Pr�perty i�necessary,Borro�ver s�a�l��om�tly t.�.k�all necessar�rem�dial actions <br /> �n accordance with Environmenta.l Law. <br /> As used in this paragraph�6,"Hazardou�Substances"are thos�substancesd�fined as�oxic or hazardous <br /> �ubstanc�sby Environment�.l Law and the fa1lo��ng substan�es:gasoline,kerosene,other flammab�e or toxic <br /> petro�eum products,toxic pesticides and herb�cides,volatile solvents,mater�a�s canta�n�ng asbestos or <br /> forrnaldehyde,and rad�oac��ve materials.As used in th�s�a�ragraph I6,"Environmenta.l Law"r�,eans federal <br /> laws and laws�f the jurisdiction where the Property is locatedthat relate to health,safety or environmenta� <br /> protection. <br /> Non-U n ifvrm�ovenants.Bonower and Lender further covenant and agree as fallQws: <br /> 17. Assignmentof Rents.Borrower unc�nditiona��y ass�gns and transfers to I�ender all the rents and revenues <br /> of the�'roperCy. B�rrovver authoriz�s�ender or Lender's agents t�collect��.�rents and revenues and b.ereby <br /> directs each tenant af the Property to pay the rent�to Lender or Lender's agents. However,prior�o Lend�r's <br /> notice t��orrawer of Borrower's breach of any covenant vr agreement in the Security Instrument,�orrower <br /> sha1�col�ect and receive a��rents and revenues of the Property as trustee for the benefit of Lender and <br /> Bonower. This assignment of rents constitutes an abso�ute assig�ment and not an assignment for additional <br /> securit�an�y. � <br /> �f Lender gives notice of breach to Borro�rer: (a)al�ren�s recei�ed by Borrotiver shall be he�d by Borrower <br /> as trustee for beneft of Lender on�y,to be applied to the sums secur�d by�he SeGurit�Instrument; (b} <br /> �.ender�ha11 be entitled to c�llect and receive al�af the ren�s of the Praperty;and(c�each tenan�of�he <br /> Proper�y sha��pay a11 r�nt�due and unpa�d to Lender or Lender'�agent on Lender's wri�ten demand to the <br /> tenant. <br /> Borrower has not executed any pr�vr ass�gnment of the rents and has not and will nat perform any act that <br /> �ou1d prevent Lender from exercising its rights under this paragraph 17. <br /> Lender shall na�be requi.red to enter upon,take control�f or maintain the Praperty�efore or after giv�ng <br /> natice of breach to Borrower. However,Lend�r or a judicia��y appo�nted receiver may d�so at any t�me <br /> there is a breach,Any application vf ren�s shall nat eure or waive any defaul�or inv�lidate�.ny other r�ght or <br /> remedy of Lender, This assignment of rents of the Property shall terminate wh�n the debt secured by the <br /> Security Instrument is paid in fu11. <br /> 'I$. Fareclo�ureF�rocedure.If Len�er requires immediate pa�ment in full under paragraph 9, Lender <br /> ma�invoke the p�wer of sale and any other remedies permitted by applicable law.Lender shai�be <br /> �nt�t�ed tv�ollect all expenses in�urred rn pursuing the r�medies under th�s paragraph 18,including, <br /> but not limit�d to,reasonable attorneys'fees and casts�f t�t�e e��den�e. <br /> FHA Mortgage WITH MERS-NE R��ised 419fi <br /> VMP� Vt+�AP4i�t(NE}(13Q�}.44 <br /> VIlo�ters Kfuwer Financial Services Page?of 1� <br /> q43334874343 4233 374 Q71� <br />
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