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2012066�� <br />iiiiossiaa <br />of this Sectirity Instrument or the Note which can ba givan effect without the conflictiag proviaion. To.this <br />end the provisions of this Security Inatrument and the Nota are declared to ba saverable. <br />15. Borrower's Copy. Borrower shall ba given ona conformed copy of this Security Instrumant. <br />16, Hazardoue Substances. Borrower sha11 not cause or permit the presence, use, disposal, storage, <br />or release of any Hazardous Substaacas on or in the Proparly, Boaower shall not do, nor sllow anyone alsa to <br />do, anything affecting the Property that is in violation of any Environmental Law, The preceding two <br />sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous <br />Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of <br />the Property, <br />Borrower shall promptly give Lender written notice of any investlgatlon, claim, demand, lawsuit or <br />other action by any �overnmental or ragulatory agency or privata pariy involving the Property and any <br />Hazardous Substance or Environmental Law of which Borrower has actual lrnowledge, If Borrower leama, or <br />is notified by any governmental or ragulatory authority that any removal or othar remediation of any <br />Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary <br />remedial actions in accordance with Environmental Law. . <br />As used in this paragraph 16, °Hazardous Substances" are those substances defined as toxic or <br />hazardous substancea by Enviroamantal Law and the following substances: gasoline, kerosene, other <br />flammable or toxic petroleum products, toxic pesticides and hcrbicidas, volatila solvents, materials <br />containing asbestas or formaldehyde, and radioactive materials. As used in this paragraph 16, <br />"Environmental Law" means federal laws and laws of the jurisdiction whera tha Property is located that <br />relate to hoalth, safety or environmental protection. <br />NON-UNIFORM COVENANTS, Borrowar and Lendar further covenant and agree as follows: <br />17. Assignment of Rents. Borrower unconditionally assigns and trensfars to LBnder all tha rents <br />and ravenuas of the Proparly. Borrower authorizes Lendar or Lander's agents to collact the rents snd ravenues <br />and haraby directs each tenant qf the Property to pay tha rents to Lender or Lendar's agents. Howavar, prior <br />to Lender's notice to Borrower of Borrower's breach of any covenant or agreemeat in the Security <br />Instivment, Borrower shall collect and receive all ranta and revenues of tha Property as trustee for the benefit <br />of I,ender and Borrower, This assignment of rents constitutes an absolute assignment and not an assignment <br />for additional security only. <br />If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by <br />Borrower as trustee for bpnefit of Lender only, to be applied to the sums secured 6y the Security Instrument; <br />(b) Lender shall be etttitled to collect and receive all of tha rents of the Properry; and (c) each tenant of the <br />Property shall pay all rents due and unpaid to Lendar or Lender's agent on Lender's written demand to the <br />tenant, <br />Borrower has not executed' any prior assignment of the rents and has aot and will not perform any <br />act that would prevent L,ender frora exercisiag its rights under this Paragraph 17. <br />Lendar shall not be required to enter upon, take control of or maintain the Property before or after <br />giving notice of breach to Borrower. However, Lettder or a judicially appointed receiver may do so at any <br />time there is a breach. Any application of rents shall not cure or waive any default or invalidate any other <br />right or remedy of Lender. This assignment of rents of the Properiy shall terminate when the debt secured by <br />the Security Instrumant is paid in full. � <br />18. Foreclosure Procedure. If Lender xequires immadiata payment ln full under Paragraph 9, <br />Lender may foreclose this Security Inshvment by judicial proceeding. Lender shall ba entitled to collect all <br />expensea incurred in pursuing the remadies provided in this Parsgraph 18, including, but not limited to, <br />reasonable attornays' fees and costs of title 6videnca. � <br />If the power of sale is invoked, Trustea shall record a notice of dofault in each county in which any <br />part of the Properly is located and shall mail copias of such notice in the manner prascribed by applicable law <br />FEiA Nebraska Deed of 7'rast - 06/12 <br />� 341.14 Paga 6 of 8 <br />