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201202422 1111062991 deemed to have been given to Borrower or Lender when given as provided in this paragraph, 14. Governing Law; Severability, This Security Instrument shall be governed by federal law and the law of tha jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. Ta this end the provistons of this Security Instrumenl and the Note are declared to be saverable. 15. Borrower's Copy. Borrower shall ba givan one conformed copy of this Security Instrument. 16. Hazardous Subatances. Borrower shall not cause or permit the presenca, use, disposal, storage, or release of any Hazardous Substances on or in the Property, Bonower shall not do, nor allow anyona elsa to do, anything affecting the Property that is in violation of any Environmantal Law. The preceding two sentences shall not apply to the presenca, use, or storage on the Properiy of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintanance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demaad, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substanca or Bnvironmental Law of which Borrower has actual knowledge. If Borrower leams, or is notified by any governmental or regulatory authority that any removal or other remediation of any Hazardous Substancas affecting the Property is necessary, Borrower shall promptly take all necessary remedisl actions in accordance with Environmental Law. As used in this pacagraph 16, "Hazardous Substances" ara those substances de�ned as toxic or hazardous subslances by Environmental Law and the following substances: gasoline, kerosene, other flammabla or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive materials, As used in this paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where tha Property is located that relata to health, safety or environmental protaction. NON-UNIFORM COVENANTS. Borrower and Leader furihar covenant and agree as follows: 17. Assignment of Reats. Borrowar unconditionally assigns and transfars to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lendar's agents to collact tha rents and ravenues and hereby directs each tenant of the Property to pay the rants to Lender or I.ender's agents. Howaver, prior to Lender's notice to Borrower af Borrowor's breaoh of any covenant or agraement in tha Sacurity Instrument, Borrower shall collect and receiva all rents and revenues of the Property as trustee for the banefit of Lender and Borrower. This assignment of rents constitutes an absolute assignmant and not an assignment for additional security only, If Lender gives notice of breach to Borrower: (a) all rents received by Bonower shall ba hald by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrumant; (b) Lender shall be entitled to collect and receive all of the rents of the Property; and (c) each tanant of tho Property shall pay all rents duo and unpaid to Lender or Lender's agent on Lendcr's written demand to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any ect that would prevent Lender from exercising its righta under this Paragraph 17. Lender shall not ba required to enter upon, take control of or maintain the Properly before or after giving notica of breach to Borrower. Nowevar, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or waivc any default or invalidate any other right or remedy of Lander, This assignment of rents of the Property shall terminate when the dabt secured by the Security Instrument is paid in full. 18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, FHA Nebraske Deed of Trpst . 06/11 � 391.11 Paga 6 oF 8