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201505460
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Last modified
7/21/2017 3:26:10 AM
Creation date
8/11/2015 12:41:21 PM
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DEEDS
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201505460
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��15�545U <br /> 't 5. Barrower's C�py.Borrower sha11�be grven one conformed cQpy of the Note and af this Security <br /> Instrument. <br /> 1 C. Ha�ard o us�u bstan ces.Barrower sha��nat cause or permit the presence,use, disposai, storage, or re lease <br /> of any Hazardaus Substances an or in the Property. Barrov�er shall not d�,nor allo�v anyan�else ta do, <br /> anythiag affecting�he Property that�s in vio�ation of any Environmenta.l Law.Th�pre�eding two�entences <br /> shall not appiy t�the pres�nce,use,or starage on the Praperty of�ma��quanti�i�s of Ha2ardau�Substances <br /> that a.re generally recognized to be apprapria�e�o narrnal residentiat uses and to maintenance of the Property. <br /> Borrower sha�1 promptly give Lender written notrce of any investigatian,claim,demand, la�v�uit or o�her <br /> aetion by any go��rnmental or regulatory agenc�or private�arty invvlving the Prop�rty and any Ha�ardous <br /> Sub�tance or En�ironmenta.�La�r of wh�ch Borrower has actual know�edge.If Borrower learns,or is notified <br /> by any g�veramen#a��r regulato�y autharity,that any remo�al ar ather remediation of any Hazard.ous <br /> Substances affectin�the Praperty is necessary, Borrower�ha11 promptly take al�necessary remedial actions <br /> in accardance with En�ironmenta��,aw, <br /> As used in this paragraph��,"Hazardous�ubstances"are those�ubstances defined as tax�c or haza.rdous <br /> substancesby Environmenta.l Law and the fol�owing su�stanc�s:gasoline,keroseneA other flamrnable or toxic <br /> petroleum products,taxic pesticides and h�rbicides,volati��salvents,materials containing asbestosor <br /> farmatdehyde,and radi�a�tive ma�eria�s.As used in th�s paragraph��, "Environmeratal Law"means federal <br /> laws and laws of the jurisdiction where the Praperty i�locate�.that relate to health,safety or enviro�nmental <br /> pratection. <br /> Nan-LJniform Co�enants.Borro�ver and Lender fu�ther�o�enant and agree as fo�lows: <br /> 1�. Assignmentof Rents.Borrower uncon�itiona��y assigns and transfers to Lender ali the rents and revenues <br /> of the Property.B�rrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby <br /> due�ts�ach t�nant of the Property to pay the rents to Lender or Lender's agents.However,prior to Lender's <br /> natice to BQrrawer af Borrow�r's brea�h of any�ovenant or agreement ia the �ecurity Instrument,Barrower <br /> shai[�ollect and receive a11 rents and revenues of the Praperty as trustee for the benefit af Lender and <br /> Borrower.This a5signment af rents coastitutes an absotute assignrnent and not an assignment for add�tional <br /> seeurity only. <br /> If Lender gives not�ce of breach to Borrower; �a�all rents received by�orro�ver shall be he�d by Bortower <br /> as trustee for benefit of Lender on1y,to be appli�d to the sums s�cured by the 5ecurity�nstrumeat; {b} <br /> Lender sha��be entit�ed to collect and receive a�l of the rents of the Property;and(c}each tenant of the <br /> Property sha11 pay all rents due and unpaid to Lender ar Lender's agent on Lender's written d�mand to the <br /> tenant, <br /> F3orro�er has not executed any prior assignmen�af the rents and has not and will not perform any act that <br /> wou�d pre�eat Lender fram exercising it�rights under this paragraph 17. <br /> Lender shall not b�required to enter upon,ta.ke contrvl of or maintain the Property before or after giving <br /> notice of breach to Borrower.However,Lender or a�udicially appa�nt�d r�cei�er may do so at any time <br /> there is a brea�h.A,ny application of rents sha11 not cure ar waive any defau�t or invalidate any other right ar <br /> remedy of Len.der,This assignment af rents of the Praperty�shall terminate wh�n t��debt seeured by th� <br /> Security Instrument is paid in fu��. <br /> '�$. Foreclasu reProced u r-e.If Lender requires imme�iate payment in fu.li under paragraph 9, Lender <br /> may in�oke the pawer af sale and any vther remedie�permitted by appli���le law.Lender sh�ll�� <br /> entitled�o ctillect�l�expenses incurred in pursuing the remedies under this paragraph 18,inGluding, <br /> but a�t limit�d ta,reasonab�e attorne�s'fees a�nd casts�f title evidence, <br /> FHA Mortgage WITH MERS-NE Revised 4195 <br /> VMP C� VMP4N�NE)�1342).40 <br /> Wofters Kluwer Financial Services qa3�38g��s93 0��3 4�a v�ia Pag�7 of 14 <br />
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