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�U120596` LOAH �i HQ112096053 °Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower uncond�ionally 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 ofthe Properiy to pay the rents to Lender or Lender's agents. However, prior to Lender's no�ce to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and recelve all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not an assignment for addi�onal security only. If Lender gives noUce of breach to Borrower: (a) all rents received by Borrower shall be held by BoROwer as trustee for benefit of Lender only, to be applied to the sums secured by the Security Instrument; (b) Lender shall be entiUed to collect and receive all ofthe rents ofthe Property; and (c) each tenant ofthe Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenent. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that wouid prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure orwaive any defauft or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. 18. Foreclosure Procedure. If Lender requires immediate peyment in full under peragreph 9, Lender mey Invoke the power of sele and any other remedles permitted by eppllcable law. Lender shell be entitled to collect all expenses Incurred In pursuing the remedies under this paregreph 18, including, but not Ilmited to, reasonable attorneys' fees and costs of Utle evidence. If the power of sale Is invoked, Trustee shall record a notice of defeult In each county in which any part of the Property Is loceted and ahall mall coples of such notice In the manner preacribed by applicable lew to Borrower and to the other persons prescribed by applicable law. ARer the tlme required by appilcable Iaw, Trustee shell glve public noUce of sale to the persons and in the menner prescribed by applicable law. Trustee, without demand on Borrower, ahall sell the Property at public auction to the highest bidder at the tlme end place and under the terms deslgnated in the notice of sale in one or more parcels end In any order Trustee determines. Trustee may postpone aele of all or any parcel of the Property by public announcement at theUme and place of eny previously acheduled sale. Lender or fts deslgnee may purchese the Property et any sale. If the Lender's interest in thls Security Instrument is held by the Secretery end the Secretary requlres Immedlate payment In tull under Paragreph 9, the Secretary may Invoke the nonJudiclal power of sale provided In the Single Famlly Mortgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 37b1 et seq.) by requesting a foreclosure commlasioner designated under the Act to commence toreclosure end to sell the Properly as provlded In the Act. Nothing In the preceding sentence shall deprive the Secretary of any rlghts otherwlse avallable to a Lender under this Peragreph 18 or epplicable Iaw. Upon receipt of payment of the pNce bid, Trustee shall dellver to the purcheserTrustee's deed conveying the Properly. The recttals In �e Trustee's deed shall be prima facie evidence of the truth of the statements mede thereln. Truatee ahall epply the proceeds of the sele in the following order: (a) to all costs and expenaes of exercising the power of sale, end the sele, Including the payment of the Truatee'a feea actually Incurred, not to exceed of the principal emount of the note at the Ume of the declareUon of default, and reasonable attomeys' fees es permitted by law; (b) to all aums secured by thia Security Instrument; and (c) any excess to the person or persons legally enUtled to it 19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee shall reconvey the Property writhout warranty and without charge to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. 20. SubsUtute Trustee. Lender, at its option, may irom time to time remove Trustee snd appoint a successor Vustee to any Trustee appointed hereunder by an instrument recorded in the county in which this Security Instrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the tiUe, power and duties conferred upon Trustee herein and by applicable law. 21. Requeat for NoUces. Borrower requests that copies of the notices of default and sale be sent to Borrower's address which is the Property Address. 22. Riders to thls Securlty Instrument If one or more riders are executed by Borrower and recorded togetherwith this Security Instrument, the covenants of each such rider shall be incorporated FFIA Nebraeka Deed of Truet-4/96 Iaitials: � Online Documenta, Inc. Pege 6 of 7 NEEFHADE 1108