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201108245 16. HazardousSubstances.Borrowcr shall not causc or pcnnit thc prescncc, usc, disposal, storage, or rcicasc of any Hazardous Substanccs on or in thc Property. Borrowcr shall not do, nor allow anyonc clsc to do, anything affccting thc Property that is in violation of any Environmcntal Law. Thc preccding two scntcnccs shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to nortnal residential uses and to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit �r other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmenial Law of which Borrower has actual knowledge_ If Borrower learns, or is notified by any govemmental or regulatory authority, that any removal or other reinediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in lhis pardgraph 16, "Hazardous Subslances" are those substances defined as toxic or hazardous substances by F,nvironmenlal Law and lhe following subslances: gasolin�, kerosene, olher Ilammable or toxic pelroleum products, loxic penlicideti and herbicideti, volalile solvenls, malerials conlaining asbestos or formaldehyde, and radioactive materials_ As used in this paragraph 16, "F,nvironmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. Non-UniformCovenants.Borrower and Lender further covenant and agree as follows: 17. Asslgnmentof Rents. Borrower unconditionally assigns and transfers to Lender all the renYs 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 Property to pay the rents to Lender or Lender's agents. However, prior to Lender's norice 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 Property as trustee for the benefit of Lender and Borrower. This assia inent of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument (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 rcnts duc and unpaid to Lcndcr or Lcndcr's agcnt on Lendcr's writtcn dcmand to thc fcnant. � Bonowcr has not cxccutcd any prior assigmncnt of thc rcnts and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 17. Lender sha11 not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borro�ver_ 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 assigmnent of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in fiall. 18. Fo1'eClosuYeP1'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 expenses incurred in pursuing the remedies ander this paragraph 18, including, but not limited to, reaeonable attorneys' feeg and costs nf title evidence. FHA �eed of Trust-NE VMP OO Wolters Kluwer Financial Services 4/96 VMP4R(NE) (11�5j.00 Page 7 of'10