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201506858
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Last modified
7/21/2017 8:32:50 AM
Creation date
10/5/2015 12:38:49 PM
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DEEDS
Inst Number
201506858
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��15��858 <br /> 'i 5. 8orrvvver'��opy.Borrower�ha11 be given one coaformed copy a�the Note and of this�ecurity <br /> Instrument. <br /> 1 f, HazardousSubstances.Borrov��r sha11�at cause ar permit the presen�e,use, d�spos�I, storag�, or reiease <br /> �f any Ha�ard�u�Substanc�s vn or�n the Pr�pert3�. Barro��r sha��not do,nor a����v a��an�e�se to da, <br /> an�thing affecting the Property that is in vio�ation af any En�ironmental Law.The preceding two sentenee� <br /> sha11 nat app 1y ta the pre 5enc e,use,or�tarage an the Prap erty o f small quantities of Hazardous 5ub stanc e s <br /> that are generally recogni�ed�o be appropria�e�o narmat residen�iat uses and to mainten�nc�af the�'r�perty. <br /> Barrower shall promptly give Lender written notice af an�i�tves�igation,ciaim,dernand, �awsuit or ather <br /> action b�aa�go�erl��nta�or regutatar�agency o�Fr�vat�p�rty invvlving the Property and�ny Hazardous <br /> Substan.ce�r Environrnental Law af which Bonawer has actual kn�wledge.If�orrawer learns,ar is not�f ed <br /> b�any governmental�r regulatory�uthority,that any removal or ather remediation of any Hazardaus <br /> 5ubs�ances affecting t�.e�'raperty��necess�ry,Bor�rawer sha��prorr�pt�y ta.ke al�nec��sary remedial a�tYons <br /> in accordanc�with Enviranmental Law. <br /> As t�s�d��t��s�aaragra�h�.�,"I-�a.za�daus�ubstanGes"�.re t�ose substa.nces defined as taxic or ha�ardous <br /> substancesby En��ronmenta.l Law and the following substances:gasoline,�erosene,other flammab�e ar taxi� <br /> petral�urn praducts,toxic p��ticidesand h�r�ic�d�s,�rolatile Solvents,mat�ria�s con�aining a�bestos or <br /> forma�dehyde,and radi�active mat�ria�s.As usec�in this�a.ragrap�.��, "Environ.r�en�al I�aw"mea�s f���ral <br /> laws a�nd la�s of the jurisdiction wh�re the Property is loc�t�d that relate to health,safety or�nvironm�nta.� <br /> pratection. <br /> Nc�n-Uniform Gv�enant�.�arrower and Lender furth�r co�enant and agree as follows: <br /> '17. Assignrn�ntaf Rents.Borrower unconditionally assigns and transfers to Lender a11 the rents and revenues <br /> of the Property.Borro�uer authorizes L�nder or Lender's agents to eal�ect the rents and revenues and hereby <br /> d�r�ects eaeh tenant of the Pr�pe�to�a�the rents to Lender or Lender's ag�n�s. Hvw��er,prior�o Lender's <br /> nv�ice t�B�rtower of BarrQvc�er's breach�f any covenant or agreement in the Security Instrument,Borrower <br /> shal�c�llect and receive all rents and r�venues of the Pr�perty as trustee for the bene�it af Len�er and <br /> �orrov�er.Thi.s assignment�f rents cons�ituteS an a�salute assignm�nt and not an assxgnment f�r�addYti�na� <br /> security only. <br /> If Lend�r gxve�not�ce of breach t�Bvrro�er: (a}all rents received b�Borro�ver shail be held b�Borrower <br /> a�tru�te�for be��fit of Lender anly,ta�e applied to th�sums secured by the Security Instrument; (b) <br /> Lend�r shall be entitled tn collect and receiv�a�l of the rents of the Praperty;and(c}each tenant of the <br /> Praper�y shat�pay aI�r�nts du�and unpa�d to�.en��r or Lender's ag�nt an�,ende�'��r�tten d�n�and to the <br /> tenant. <br /> Borr4wer has ngt executed any priar assi�nme�t of the rents and has not and will nat perform any act that <br /> would prevent Le�der from exerc�sing its ri�hts under this paragraph 17. <br /> Lender sha11 not�e required#.��nter upon,take control af or maintain the Frvperty before flr after giving <br /> notice of breach ta Borra�er.However,Le�der or a judicxally appointed receiver may do so at any tirne <br /> there is a br�ach.A�.y applieation of��ats�ha���.�t�ure or�va�ve any d�fau�t or�nvalida��a�}�oth�r righ�or <br /> remedy�f Lender.This a�signment af rents of�the Prop�rty shali terminate when the debt secured by the <br /> Security Instrumeat i�paid in full. <br /> '18. Foreciasur�Procedure.If Lender requires immediate p�yrnent in full under paragr�ph 9, Lentier <br /> may invoke the power o��a�e and any other remedies permitted by appli�ab�e law.Lender sha1�be <br /> ent�t���tv cvllect all expenses in�urred in purs�ing the remedies under th�s paragraph 1�,in�cluding, <br /> but n�t limited to,r�asonable attorneys'f�es and costs of title evidence. <br /> FMA Martgage WITH MERS-NE Re�ised 4I9B <br /> VMP� VMP4N{NE���l3fl2�.44 <br /> wo�ters K�uwerFinancia�service� qQ3345$$�1$2 423� 31� 471� Fage 7 a#�Q <br />
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