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��1 5��8�8 '15. Borrower's Gopy.Borro�er shall be�i�en ane conformed copy of the�ote and of this Security In�trument. 'I fi. HazardousSu bstances.Barr�wer sha�l not cause or permi#the presence,use, dispQs�al, storage, or re�ease of any Hazardous Sub�tan�es on or i�l the Property. �onow�r shall nat do,n�r allow an�one else to do, anything affecting the Praperty that is�n�iala�ian of any En�ironmental Lavv.The preceding two�entences shall not apply�o the presence,use,or stQra�e an the Property of smal�yuantit�cs of Hazardous�ubstances that are�enerall�r recognized to be appropriate to normal res�dential uses and to maintenance of the Property. B�rrai�er sha1�promptly g��L�nder wr�tten not�ce of any investigation,c�aim,demand,lawsui�or other actian b�an�gov��rnn��nta�or r�gt.ttatory ag�n�y�r pfi�=ate par�y inv�iving the Pr�perty and any Hazard�us �ubstance or Enviranrnental Law af vvhich Borrawer has actual�nowiedg�. If Barrotuer�earns,or is no#i�e�l by an�governm�nta.l or regu�atary authority,��at any remaval or other remediation of any Hazardaus Substances affecting the Praperty is neeessary,Borrovver shall prompt�y take all necessary r�medial actions in accor�a.flce r�ith Environmental La�, As used in this paragra�h 16,"Ha�ardous 5ubsta.n.ces"are those substancesdefined as toxic or hazardous sub�tancesby En��ronmental La�and the following 5ubstanues:�asoline,kerasene,ather fl�.mmableor toxic petroleum produc�s,toxic pesticid�s and hcrbicides,�dlat�le sal�rents,material�containing asb�stasar formaldehy�c,and radioac�i�ernateria�s.As used in this paragraph 16,"�n��ronm�nta�Law"mcans fcdcral laws and 1a�vs of the�uri�diction�rh�rc thc Pr�p�rty�.s locat�dthat relate to h�al�h,safctyor�n�iranmcntal prote�tian, I�ian�Un�form C�venants.Borrawer and�,ender further covenant and agree as follativs: '17. Assignmentof Rents.Borrower uncanditianally a.ssigns and transfers to�ender a�l the rents ar�d revenues of the Prop�rty.Borrower authori�es Lend�r or Lender's a�ents to collec#�he rents an�revenues and hereby directs each tenaYat of the Praperty to pay the rent�to Lender or I��nder's ag�nts.However,�r��r to Lender's notice to B�rrower of Borrawer's breach of any co��enant ar agreem�nt in the Security Instrumen�,Borrower sha�l col�ect and receive a�l r�nts and revenues of the Property as truste��or the b�nefit of Le�der and F3orrower. This assignment of rents constitutes an absolute assignment and not an assignrnent far addi�ianal securitiy only. �f Lender gives notice of breach to Borrower: (a�al�rents received by Borro��r sha11 be h�ld�Sy Barraw�r a�trustee for ben�fit of Lender anly,to be applied to�he sums secured by the 5ecurity Instrument;�b} Lender shall be eatitled ta co�lect and recei�e a11 of the rent5 af the Property;and�c}each tenant of the Praperty shall pay a�l r�nts due and un�aid to Lender or Lender's agent on Lender's vvritten demand to the te nant. B�nower has not executed any prior a�signment af the rents and has not and t�vi�l not perforrn any act that ��rauld pr�v�nt Lend�r fr�r�n�xer��sing it�ri��ts u��d�r thi�paragraph 1�. Lender shal�not be required to enter upon,take contro�gf or maintain the Propert�befa�re or after giv�ng notice af breach t�Borrower, Ho�vever,Ler��ier or a ju�icia[1y appointed recei�er rnay do so at any time there is a brea�h. Any application af rents shal!nat cure�r�vaive any defau�t ar invalida�e any other r�ght a�r remedy of Lender.Th�s assignment of rents of#he Property shall termin�.te when the debt se�ured b�the Security Instrument is paid in full. 18. ForeclasureP'rvicedure.If Lend�r requires imme�liat�payment in ful� under paragraph 9a Lender �ay�n�ake the p�wer o�sale and any other remedies permitted by appli�able law. Lender�hail'be entitled to�allect a.11 ex�enses incurred in pursuin�the remedies under this paragraph�$,including, but r��t limited to,reasnna�le att�rneys'�ees�nd costs af title evidence. FHA Mortgage WITH MEFiS-N� Revise�4196 VMP C*? VMP4N(NE]t1302}_4El Wnfters Kluwer Fin�r�cial 5�rvices qp3 343752 383 02 3� 648 ❑71Q Pag��f 14