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2 0 1 20186� <br />13. Nofices. Any notice to Bazxower provided for i�� this Securifiy Instiwnaenfi shall be given by <br />delivering it or by mailing it by first class mail unless applicable law requires use of another method. The <br />notice shali be directed to the Property Address or any other address Borrower designates by notice to T.ender. <br />Any natice ta Lender shall be given by first class ma.i] to Lender's address stated herein or any address Lender <br />designates by notice to Borrower. Any notice provided for in this Security Instrument shail be deemed to have <br />been giver� to Bozxower or Lender wb,en given as provided in this paragraph. <br />14. Governing Law; Severabitity. This Security instrument shall be governed by federal law and <br />t�e iaw of the jurisdiction in wk�ieh the Property is iocated, In the even.t that any provision or clause of this <br />Security Instrument or the Note conflicts with applicable law, such canflict shall not affecfi otlaer provisions of <br />this Security Inshvment or the Note which can be given effect wittiaut the conflicting provision. T'o this end <br />the provisions of this Security In.strument and the Note are declared to be severable. <br />15. Borrodver's Copy. Bonower shall be given one conformed copy of the Note aud of this Seourity <br />Insfxument. <br />i6. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or <br />release of any Hazardous Substances on or in the Properry. Borrower sha11 not do, nor allow anyone eise to do, <br />anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences <br />shall not apply to the presence, use, or storage on the Properiy of small quantities of Hazardous Substances <br />that are generally recognized to be appropriate to normal residential uses and to maintenance of the Property. <br />Borrower shalI pro�ptly give Lender written notice of any investigation, claim, demand, lawsuit or ather <br />action by any governmental or regufatory agency or private party involving tlie Property and any Hazardous <br />Substance or Environmental Law of which Borrower has actual knowiedge. If Barrower learns, or is notified by <br />any govermznental or regulatory authority, that any removal or other remediation of any Hazaxdaus Substances <br />affecting the Property is necessary, Borrower shall promptly take ali necessary remedial actions in accordance <br />with Environmental Law. <br />As used in this par�agraph 16, "Haza.rdous Substances" are those substances defined as to�c or liazardaus <br />substances by Environ.mental I.aw and the following substances: gasoline, kerosene, other flamznable or <br />toxic petroleum produc#s, toxzc pesticides and herbicides, volatile solvents, materials containing asbes#os or <br />formaldehyde, and radioactive materials. As used iu tlais paragraph 16, "Envirorunental Law" means federal laws <br />and laws of the jurissdiction where the Property is lacated that reiate to health, safety or environmenta.l protection. <br />NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: <br />17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender ail the rents and <br />revenues of the I'roperly. �orrawer authorizes Lender or Lender's agents to caitect the rents and revenues and <br />hereby directs each tenant af the Property to pay the rents to Lender or Lender's agents. Hawever, prior to Lender's <br />notice to Bonower of Banower's breach of any covenant or agreement in the Security Instt Borrower shall <br />collect and receive all rents and revenues of the Praperty as txustee for the benefit of Lender and Borrower. This <br />assigntnent of rents constitutes an absolute assignment and not an assignment for additional securily only. <br />If Lender gives notice of breach to Barrower: (a) all rents received by Borro�,�er sha11 ba held by Barrower <br />as trustee for benefit of L,ender only, ta be applied to the sums secured by the Security Insixvment; (b) Lender <br />shall be entitled to collect and receive all of the rents of the Properly; and (c) each tenant of the Property shall <br />pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. <br />Barrower has not executed any prior assigunent of the rents and has not and will nat perform any act <br />that would prevent Lender from exercising its nights under this paragraph 17. <br />Lender shali not be required to entar upon, talce control of or maintain the Property before or af�er giving <br />notice of breach ta Borrower. However, Y.ender or a judicially appointed receiver may do so at auy tnne there <br />is a breach. Any application o£rents shalZ not cure or waive auy de£ault or invalidate any other right or remedy <br />of Lencier. This assignment of rents of tkte Property shall ter�inate when the debt secured by the Security <br />Instarrument is paid in full. <br />18. �'orectosure Procedure. If Lender requires immediate payment in f�uli under paragraph 9, Lender <br />may invoke the power of sale and any other remedies permitted by app(icable law. Lender shail be entitled to <br />NEBRASKA FHA DEED OF TRUST <br />NEBRASKA-MERS <br />ITEM 2696L8 (091911) <br />BAYNE,C0000441981 <br />bl'1G <br />GreatDocs� <br />{Fage 6 of 9) <br />0000449983 <br />. ... .:.:.: � .:,�:�..; ..... .i .._.....,.' ""' '_'____'" ' " ...... ..... . ..... ... ._........ �.— a . -.. � .n.. . .y... ...r^l...Y....,...... , c3 s5,ea`;�:... ...... �,...''"." <br />