Laserfiche WebLink
201201358 <br /> 179003552 <br /> C019tiC17L � <br /> 13. Notices. Any notiec to Borrower pcovided for in this Security Ins[aiment shall be given by <br /> delivering it or by mailing it by tirsc class- mail unlcss applicable law requires use of anothcr mcthod. The <br /> notice sliall be directed to tl�e Property Addross or any other address Borrower designates by notice to <br /> Lendec. Any notiee to Lender shall be given by first-class mail to Lender's address stated herein or any <br /> xddress Lender designa[es by notice to Borrowec Any notice providcd Tor in ihis Security Instrument shall 6c <br /> dccmed to have been given to Borrower or Lender when given as providcd in tliis paragraph, <br /> . 14.Governing Law;�Severability. This Sccuriry Iustrument shall be governcd by fcderal law and <br /> the]aw of d�o jurisdic[ion in which the Property is located. In the event that any provision or olause of this <br /> Security histruinent or the Note conflicts with applicnblc ]xw, such conflict sliull not affeci other provisions <br /> of this Security Instrument or the Note which can be given effect without the coi�flicting provision. To this <br /> end d�e provisions of this Security Instrument and the Note ttre dcclarcd to be severable. <br /> 15. Rorrower's Copy. Borrowcr shall bc givcn one conformed copy of this Seourity instrumcnt. <br /> 16. Hazardous Substanees.Borrower shall not cause or pennit thc prosence, use, disposal, storage, � <br /> or rclease of any Hazardous Substances on or in the Property.Rorrower shall nut dq nor allow anyone else to <br /> do, anything affecting the Property that is in violation of any Environmeutal Law. Tlie preceding two <br /> senteuces shall not apply to the presence, use, or storage on thc Property of small quantitics of Hazardous <br /> Substances that are gei�erally recognized to be appropriate to normal residcnti�l uses vid to maintenance nf <br /> the Property. <br /> Borrower shall prompdy give Lender written notice of any investigstion, clsim,demand, lawsuit or <br /> o[her action by 1ny governinen[al or regulatory agency or privaie party invuiving the Property and any <br /> Hazacdous Substance or Environmental Law of which Borrower has actua] knowlcdge. If Borrowee learns,or <br /> is notified by any governmental or regulatory autliority that any removal or other remediatiou of any <br /> Hazardous Substances affecting ihe Property is necessary, Borrower shall promptly take all necessary <br /> remcdial actions in accordancc wilh �nvironmental Law. � <br /> As used in this paragraph l6, "Hazardous Substances" are thosc suhstances defiued ns toxic or <br /> h�zardous substances by Environmental LTw and the following substanccs: gasoline, kerosene, other <br /> 17ammable o� toxic petroleum products, toxic pesticides and herbicides-, volatilc solvcnts, mate[ials <br /> containing asbcslos or formaldchydq and radioactive materials. As used in this paragraph 16, <br /> "Environmcntxl Law" mcans fcdcral laws and laws of the jurisdictiou where the Properry is located that <br /> rdatc to hcxlth, saCcty or cnvironmcnlal prolection. <br /> NON-UNIF02M COVENANTS. Rorrower and Lender furthcr cuvcnant and agree as follows: <br /> 1Z Assignment of Rents. Borrower unconditionally assigns and nansfers to Lendcr all thc rents <br /> and revenucs of thc Property_ Borrowe�authorizes Lende�or Lender's agents to collect the�ents and revenucs <br /> and hcrcby directs caeh tenant of the Pruperty tu pay thc rents to Lender or Lender s agents. However, prior <br /> to Lender's notice to Borrower of Borrowe�'s breach of any covenaut or agreement in the Security <br /> Instrumcnt, Borrowcr shall collcct and reccivc all rcnts and revcm�es of the Property as trustee for the bancfit <br /> of Lcnder and Borrnwcr. This xssignmcM of rcnts constitutes an absolute assignment and not an assignment <br /> for additional sccurity only. <br /> If Lender gives nolice of breach to Borrower: (a) all rei�ts received by Borrowcr shall be held by <br /> Rorrower as trustee for benefit of Lender only, to be applied to che sums seciv�d by the Security Instrument; <br /> (b) Lender shall be entitled to collect and reccivc all of thc rcuts of the Yropeity; and (c)eacl�teuant of the <br /> Property shall pay all rcnts duc and unpaid lo Lcndcr o�Lcnder's 2gent on Lender's written demand to thc <br /> tcnant. <br /> Bon�ower has not executed any prior assi.gnment of the rents and has not and will not perform any <br /> act t6at would preveut Lender from exercising its rights under this Par�graph 17. <br /> Lcndcr shall not 6c rcyuircd to enter upon, take conirol of or maintain the Propeny before or after <br /> FHA Ne6raska Ueed af 7'rus[-Ofil11 <br /> 4�'✓ 391.1I - Pagc 6 of H <br />