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201i09515 NON COVENANTS Bonower and Lender further covenant and agee as follows: 17. Aadgnme� of Rentc. Borrower uncondi6onally aseigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender' s agents to collect the re�s aad revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Bonower of Borrower' s breach of any covenant or ageement in the Security Instrument, Boaower shall collect and receive all rents and revenues of the Properry as trustee for the benefit of Lender and Borrower. Tlvs assignment of rents consti4rtes an absolute assignment mmd not an assignment for additional seciuity only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as irustee for benefit of Lender only, to be applied to the sums sec�ued by the Security Inscrumen� (b) Lender shall be entifled to collect and receive all of the rents of the Property; and (c) each tenant of the Properiy shall pay all rents due and unpaid w Lender or Lender's agent on Lender's written demand W the tenant Borrower hes not exe,cuted 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 entet u�mn, take conhol of or maintain the Property before or after giving notice of breach to Borrowet. However, Lender or a judicially appointed receiver may do so at any time there is a breach Any application of renis shall not cure or waive any default or invalidate any other right or remedy of Lender. 17�is assignment of rents of the Property shall terminate when the debt secured by the Sec�tt�ity Instrument is paid in fiill. 18. Foredosare Procedare. If Lender reqnires immedlate payment in full nnder paragraph 9, Lender may invoke the power of eale and any other remedies permltted by applicable law. Lender shall be entitled to coDect all eapena� incurred in pnrsning the remedies provldai in this paragraph 18, including, but not llmited to, reasonable attomeys' fees and wsts of title evldence. If the power of eale is invoked, Trasta shaIl record a notice of defaalt in each connty in which any part of the Property ia located and shall mail wples of sach noi�ce in the manner prescrlbed by appllcable law to Borrower and to the other persons prescribed by applicable law. After the t3me required by appllcable law, Traet�, aha11 give pnbHc noUce of sale to the persons and in the maoner prescribed by appHcable law. Trastee, witho� demand on Borrower, shall seIl the Property at public anction to the hig6�t bidder at the Hme and place and nnder the terms d�ignated in the notice of sale in one or more parcels and in any order Trastee determines. Trustee may postpone sale of all or any parcel of the Property by pnblic annonncement at the time and place of any previonsly achednled sale. Lender or its de�ignee may purchase the Property at any salc. Upon rereipt of payment of the prlce bid, Trast� ehall deliver to the purchaser Trustee's deed conveying t6e Property. The redtals in the Trastee's deed s6all be prima facie evidence of the trath of t6e statements made therein. Trastee shall apply t6e proceeds of the sale in the following order: (a) to all costs and egpensa of eaercising the power of sale, and the sale, inclnding the payment of the Truatee's fees actnally incurred and reasonable attorneys' fees as permitted by applicable law; (b) to aIl sams secnred by this Secarlty Instrument; and (c) any eace9s to the person or persons legally endtled to it If the I.ender's interest in this Secarlty Inshvment is 6eld by the Secretary and the Secretary reqaires immediate payment in faII nnder paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1994 ("Act'� (12 U.S.C. 3751 et s.) by reqaesdng a foreclosare commissioner des7gnated nnder the Act to commence foreclosare and to seIl the Property as provlded in the Act Nothing in the preceding sentence shall deprlve the Secretary of any rights otherwise availeble to a Lender nnder t6is paragraph 18 or applicable law. 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee W reconvey the Property and s6a11 surrender Uvs Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Properiy without warranty to the person or persons legally entitled to it, Such person or persons shall pay any recordation costs. Lender may charge such person ar persons a fee for reconveying the Praperiy, but only if the fee is paid to a tUird party (such as the Trustee) for services rendered and the charging of the fee is permitted under applicable law. 20. Sabadtute Trastee. Lender, at its option, may from time to time remove Tn�stee and appoint a successor trustee to ffiy Trustee appointed hereimder by an instrument recorded in the county in wlrich this Security Instrument is recorded. Without conveyance of the Property, the succesaor trustee shall succeed to all the tiUe, power and duties conferred upon Trustee herein and by applicable ]aw. 21. Reqaest for Notices. Borrower requests that copies of the notice of default and sale be sent to Bonower's ad�ess wluch is the Property address. Z2. Rtders to th9s Secarlty Instrament If one or more riders are executed by Borrower and recorded together with this Security Instrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of flvs Security Instrument as if the rider(s) were a part of Wris Security Instrument [Check applicable box(es)] � Condominium Rider � Graduated Payment Rider � Crrowing Equity Rider � Planned Unit Development Rider � Adjustable Rate Rider � Rehabilitation Loan Rider � Non-Owner Occupancy Rider � Other ISP�YI FHA NEBRASKA D� OFTRUST- MERS Dod�egre� NmOTZ.FHA 05/23H 1 Page 5 of 7 www.dacmagk.mm �I�IW I�I I�I I� II� I I� I�� I I II�II II�II I�