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20�10554� or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of a,ny investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private parly involving the Property and any Hazardous Substance or Environmental Law of which Bonower has a.ctual knowledge. If Bonower learns, or is notified by any governmental or regulatory authority, thax any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance vcrith Environmental Law. As used in this Paragraph 16, "Haza.rdous Substances" are those substances defined as toxic or hazardous substa.nces by Environmental Law and the following substa.nces: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials conta.ining asbestos or formaldehyde, and radioactive materials. As used in this Paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located tha.t relate to health, safety or environmental protection. NON-TJNIFORM COVENANTS. Bonower 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 Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Properly to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Properly as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Bonower: (a) all rents received by Borrower shall be held by Borrower as irustee for benefit of Lender only, to be applied to the sums secured by the Security Insirument; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this Paragraph 17. Lender shall not be required to enter upo�, take control of or maintain the Properiy before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property sha.11 terminate when the debt secured by the Security Instrument is paid in full. 18. Foreclosure P1'ocedure. If Lender requires immediate payment in full under Paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law Lender shall be entitled to collect all ezpenses incurred in pursuing the remedies nnder this Paragraph 18, including, bnt not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in e�ch county in which any part of the Property is located and shall mail copies of sach notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable l�w, Trustee shall give public notice of s�le to the persons and in the manner prescribed by �pplicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order 1Yustee determines. TYustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender or its designee may purchase the Property at any sale. If the Lender's interest in this Secnrity Instrument is held by the Secretary and the Secretary reqtures immediate payment in full under Paragraph 9, the Secretary may invoke the nonjudicisl power of sale HCFG-00703 FHA Deed of Truat-NE ReWsed 4/98 yMp� 11/10 Wolters Kluwer Finarxial Servicas 201107204.0.0.0.4002J20110224Y Pege 6 ot 8