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201503469
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Last modified
7/21/2017 2:29:28 AM
Creation date
5/28/2015 9:54:06 AM
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DEEDS
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201503469
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��15�34�9 <br /> 15. Borrower's�opy.Borrower sha11 be gi�en one conformed Gapy of the Note and of this Security <br /> �ns�ment. <br /> '16. Hazardous5ubstances.Borrower sha11 no�cause or permit the presence, use, d��posal, storage, or re�ease <br /> of any Hazardou�Substances on or�n�he Property. �orro�rer�hat�not da,nor al�aw anyone else to do, <br /> anything affe�ting the Property that is in violation�f any E�n�ironmentat La�v. 'Th�preceding t�uo sentences <br /> sha11 not apply to the pre�enc�,use,ar s�orage on the I'roperty of srr�all quantities af Hazardous 5ubs�ances <br /> that are genera��y rec�g���ed to be appropriate to n�rmal residential uses and t��aintenance of the�roperty. <br /> Barrower sha11 promptly give Lend�r�rritten notice of any inv�stigatian,claim,demand, lawsuit or other <br /> action by any governmen�l or regulatory agency or private party in�volving the Property and any Hazardous <br /> Substa.nce or En�ironmental Law of which Borrovver has actual knowledge. If Borrawer learns,or is notified <br /> �y any governmental or regulatory authority,that any remova�or other remediatian of any Ha�ardous <br /> Substances affeGting the Property is�ecessar�r,Borrower shall prvmpt�y ta��a�l n�cessar�r re�nedial actions <br /> �n accardance with Environmen�a�Law. <br /> As used in th�s paragraph 1�, "Ha�ardous Subs�ances"are tho�e substa.nces def ned as toxic or hazardous <br /> substancesby En�ironmenta�Lavw and the following substan.ce�:gas�line,kerosene,ot�er flammable or t�xic <br /> petroleum products�toxiG pesticides and herbicides,volati�e so��ents,materials containing asbestos or <br /> formaldehyde,and radioa�tive materials,As used in�his paragraph 16, "Environme�ta.l Lavv"means federal <br /> Iavvs and laws of the jurisd�c�ion vvhere the Property is located that retate to health,safety or environmenta.l <br /> protection. <br /> Nvn-Unifvrm Co�enants.Borrower and Lender furth�r covenant and agree as follows: <br /> 17. Assignmentaf Rents.�3onowe�'unconditionally assigns and transfers to Lender al�the rents and revenues <br /> of the P�operty.Ba�ro��r authori2es Lender ar Lender's ag�nts to cpllect the rents and revenue�and�.ereby <br /> directs each tena�.t of the�roper�to gay the rents to Lender or Lender's agents. Ho�e�rer,prior to Lender's <br /> natice to Borrower�f�3orrower's br�ach of any covenant ar agreement in the Security Ir�strument,Borrower <br /> sha11 collect and receive a11 rents and revenu�s o�the Propex�y as trustee for the benefit of Lender and <br /> Bonaw�r. This as��gnment of rents constrtutes an absolute assignment and not an assignment for additional <br /> security onty. <br /> �f Lender gives notiee of brea�h to Borrov�er: (a}a11 rents recei�ed by Borrower s�ia11 be held by Borrower <br /> as trust�e for benefrt of L�nder only,to be applied to the sums secured by the Security Instrurxrer�t;�b) <br /> L�ender shall be entitled to ca���ct and receive aI1 o�'the rents of the Properl�;and(c)each tenan�af the <br /> Property sha�l pay aI1 rents due and unpaid to Lender or Lend�r's agent on Lender's written demand�o the <br /> tenant. <br /> Borrower has not executed any prior assignment of the rents and has not and will not perfarm any act that <br /> would prevent Lender from exercising its rights under this paragraph �7. <br /> Lender shall not be required to enter upon,�ake control of or maintain the Property b�fore or af�er gi�ing <br /> notice of breach tfl Borrow�r. Ho�ever,Lender or a judicially appointed r�ceiver may do so a�any time <br /> there is a breach.Any application of rents shall not cure or�aive any default or invalidate any other right ar <br /> rernedy of Lend�r. This assignmen�of rents af the Property shall terminate�vhen the debt secured by the <br /> Security Instrument is paid in full. <br /> '�8. Fore��osureProc�dure.If Lender requires immediate payment in full under paragr�ph�, Lender <br /> may invoke the power of sale and any other remedies pe�mitted by appli�able�aw.Lender shall be <br /> entitled ta Cal�ect all expenses�n�urred in pursuing the remedies under this paragraph 1$,includXng, <br /> but not limited to,reasonable attorneys'fees and c�sts nf tit�e ev�dence. <br /> FHA Martgage WITH MERS-NE Re�ised 419fi <br /> VMP� VMP4N(NE](1342]Aq <br /> Wolters lCluwer Financial Services �age 7 fl�9� <br /> q03339384��� �233 3�1 D�14 <br />
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