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201009453 Borrower shall promptly give Lender writtcn notice of any invcstigation, claim, demand, lawsuit or other action by arry govcrnmental or regulalory ��gency orprivate party involvi ng the Properly and any Hazardous Substance or �nvrronmental Law of which $nrrower h�s actual knowledgc. If Borrower learns, or is notified by any governmcnCal or regulatory aulhority, that any rcmoval or other reme�iiation of any Hazardous 5ubstances affecting the Properly is necessary, Borrower tihall �romptly takc all necessary remedial aciions in �ccordance �vilh Environmental Law. As used in lhis Paragraph 16, "IIazardous Substances" arc lhose substances dcrncd as toxic or ha?ardous substanccs by F,nvironmcntal Law and thc following substances: gasoline, kerosene, othcr Ilammable or toxic petroleum producls, tox'rc pesticidcs and herbicidcs, volatile solvents, materials containing asbeslos or formaldehyde, anc� radioaciivc materials. As uscd in this Paragraph 1G, "Environmental Law" means federal laws and l�ws of t}te jurisdiciion where the Property is located that relate lo health, safety or c;nvironmental protection. NUN-iTNIF(�RM CUVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Propetiy. Borrower authori2cs Lender or Lender's agenCs to collect 1hc rents and revenues and hercby directs each tenant at�thc Property to pay thc renls to Lende.r or Lendc;r's agents. Howevcr, prior to Lender's nnticv to Borrower of Borrower's breach of any covenanl or agreement in the Security Instrument, Borrower shall collect and re:ccivc all rents and revenues of thc Property as trutitcc for the benetit of Lendcr and Borrower. '1'his assignment of rents constilutes an absolute assignment and not an assignment fnr additional security only. If Lender givcs notice of breach to Borrower: (a) all renCs received by $orrowcr shall be held hy Borrowcr as trustee for benefit oFLender only, to be applied to the sums securcd by the Security Instrument; (b) Lender shall bc cnlitled to collect and receivc all of the rents of thc Property; and (c) each lcnant of the Properly shall pay all rents due and unpaid to Lender or Lender's agent on Lendcr's written demand to the lcnant. Borrower �as not executed any prior assignment of the rents and has not and will not perform any act that would prevcnt Lc;nder from exercising its rights under this Paragraph 17. Lendex shall not be required to cntcr upon, take control of or maintain lhc Property before nr after giving notice of breach to Borrpwer. However, Lendcr or a judicially appointcd receiver .may do so at any time there .is a brcach. Any application of rentti shall not cure or waive any default or invaliclatc any other right or rcmedy of Lender. This assignmcnt of rent�5 of the Praperty shall terminate when the debt secured by the Security Tnstrument is paid in #'ull. 18. Foreclosure Procedure. If Lender rcquires immediutc payment in fu11 undcr Paragraph 9, Lender may invoke the power nf s�le and any other rcmcdies permitted by applicable law. Lender shall be entitled ta coNlect all expenses incurred in pursuing the remedies wider this Paragraph 18, including, but not limited to, reasonablc attorneys' fees und costs of' title evidcnce. �f thc power of sulc is invoked, Trustcc shall record a notice of default in each cuunty in which any purt of' thc Property is lucuted and shall tnail copies of such notice in the munner prescribed by applics�blc luw ta Sorrower and to the other persons prescribed by applicahle l�w. After the time required by applicable law, Trustee shall give public notice of sale to the persons and in thc manner prescribed by upplicable law. Trustee, withuut demand on $arr�wer, shall sell #hc Property at public auction to the highest bidder at the time and place und under the ternns dcsignated in thc notice of sale in onc or more parcels und in any ordcr Trustee determincs. Trustee m�y postpone sale of all or any parcel of' thc Property by public announcement at the time and place of uny previously schedulcd sale. Lendcr or its designee muy purchase the Property at any sule. lf the Lendcr's interest in this �ccurity instrumcnt is held hy the Sccretary and the Secretary requires immediate payment in full under Paragraph 9, the Secretury may invoke the nonjudicial power of sale �rovided in the Single Family M�rtguge Foreclosure Act of 1994 ("Act") (12 U.5.C. 3751 et seq.) by rcqucstin� u fureclosurc commissioner dcsignated under the Act to comntencc fureclosure and to sell thc Property as HCFG-00703 FHA �eed of Trust-N� VMP� Wolters Kluwer Financial Services 201012153.5,0.0.400220100630Y Revised 4/96 Page 6 of 7 '6 55 0 17'