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201205393 1111064821 14. Goyerning Law; Severability. This Security Instrument shall be govemed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Insnument or the Note conflicts with applicable law, such conflict shalI not affect other provisions of this Secutity Iastrument or tt�e Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of this Security Inshvment 16. Hazardons Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Property: Borrower shall not do, nor allow anyone else to do, anrything affecting the Property that is in violation of any Environmental Law. 'I'he preceding two sentences shall not apply to the presence, use, or storage on the Property of small quanrities of Hazardous Substances that are generally recognized to be appropriate to norma! residential uses and to ma.intenance of the Property. Bonrower shall prompfly give I.ender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any. Hazardous Substance or Environmental Law of which Borrower has actual lmowledge. If Borrower learns, or is notified by any govennmenta.l or regulatory authority that any removal or other remediation of any Hazazdous Substances affecting the Property is necessary, Bonower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substaaces by Environmental Law and the following substances: gasoline, kerosene, other flammable 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 the Property is located that relate to health, safety or environmental protection. NON-iJ1VIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents 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 notice to Bonower of Borrawer's breach of any covenant or agreement in the Security Instrument, Boaower sha11 callect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. 'I'his assignment 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 Boaower 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 atl of the rents o;f the Property; and (c) each tenant of the Property shall pay a11 rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. ' Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights undez this Paragraph 17. Lender shall not be required to enter upon, take control of or mainta.in the Property before or after giving notice of breach to Borrower. However, Lender or.a judicially appointed receivar may do so at any time there is a breach. Any application of rents shall not cure or waive any defauIt or invaliciate any other right or remedy of Lender. This assignment of zettts of the Property shall terminate. when the debt secured by the Securiry Ins�ument is paid in full. 18. Foreclosure Procedure. If Lender requires immediate payment in full under Paragraph 9, Lender ma.y foreclose this Security Instivment by judicial proceeding. Lender shall be entitled to eollect all expenses incurred in pursuing the remedies provided in this Pazagraph 18, including, but not limited to, FSA Nebraslca Aeed of Trust - 06/11 � 391.11 Page 6 of 8