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201207225
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Last modified
7/20/2017 9:48:42 AM
Creation date
8/30/2012 9:16:36 AM
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DEEDS
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201207225
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201207225 <br /> first class mail to Lender's address stated herein or any add2ss Lender designates by notice to Bortower.A�y notice <br /> provided for in this SewriTy Inswment shall be deemed to have been given tv Bortower or Lender when given as <br /> providedin this paragraph. <br /> 14.Governing Law;Severability.This Security Inrnument shall be govemed by Federat law and the law of Ihe <br /> � jurisdiction in which ihe Roperty is located.In ihe event that any provisiov or clause of this Security Instrument or the <br /> Note conflicts with applicable law,such conflia sha0 not affect other provisions of this Securiry Instrumrnt or the Note <br /> which can be given effect without the conflicting provision.To ihis end the provisions of this Security Instrument and <br /> the No[e aze declared to be severable. <br /> 15.Borrower's Copy.Boirower shatl be given one conformed copy ofthe Note and ofthis Securiry Inswment. <br /> 16.Hazardous Substauces.Bortower shal!not cause or permit the presence,use,disposal,storage,or release of <br /> any Hazazdous Subs[ances on or in tkie Property.Borrower shall not do,nor allow anyone etse to dq anything affecting <br /> the Propury thaz is in violation of any Envimnmental Law.The preceding nvo sentences shall not apply to the presence, <br /> use, or storage on the Property of small quan4ties of Hazerdous Substances that are generally recogniud to be <br /> appropriate to noimai residential uses and to mainienance of the Property. <br /> Borrower sha0 prompHy give Lender watten notice of any investigatioq claim,demand,lawsuit or other aelion by <br /> any govemmental or iegulatory agency or private party involving the Property and any Hazardous Substance or <br /> Environmentat Law of which Bo�rower hu actual knowledge.If Boirower leams,or is notified by any govemmental or <br /> reguta[ory authority,that any removal or other cemediation of any Hazardous Substances affecting ehe Property is <br /> neeessary,Borzower shall promptly take all necessary remedial actions in accordance with EmironmenW Iaw. <br /> As used in this paia�eph 16, "Hazardous Substances" are those substances d�neA as wxic or ha�ardous <br /> substances by Emironmental Law and ihe following substar�ces: gasoline, kerosene, other flarnmable or toxic <br /> pelroleum products,tmcic pesdcides and herbicides,volatile solvenfs,marerials containing asbes2os or formaldehyde, <br /> a�d radioaaive materials.As used in this pazag`aph 16,"Environmental I.aw"means federel laws and laws of the <br /> jurisdiction where the Property is located that relate to health,safery or rnvironmental pmtection. <br /> NON-Uh7FORM COVENAtJTS.Bonower and Lender further covenant and agree as follows: <br /> 17.Assignment ot Rents.Borrower unconditlonally assigns and transfers to Lender all the rents and reve�ues of <br /> the Property.Borrower authorizes Lender or LendePs agents to collect the renGs and revenues and hereby direc�each <br /> tenant of the Property to pay the rents to Lrnder or Lender s agenis.However,prior to Lender's notice to Borrower of <br /> � Borrower's breach of any covenant or agreement in the Sewrity Instrumen;Bnrtower shalt wllect and receive ail rents <br /> and tevenues of the Property as trustee for the benefi[of Lender and Botrower.This assignment of renls constiNtes an <br /> absolute assigunent and not an assignment for addirional securiry only. <br /> If Lender gives notice of breach to Borrower:(a}all rents received by Botrower shail be held by Barzower as <br /> kustee For benefit of Lender oNy,to be applied to the sums secured by the Securiry Inswmenq(b)Lender shall be <br /> enfltted to collect end receive al7 of the rents of the Property;and(c)each tenan[of the Property shall pay a0 renis due <br /> and unpaid W Lender orLender's agent o�I,endePs written demand to the tenant. <br /> Borrower has not executed any prior azsignment of the rents and has not and will not perform any act ihat would <br /> prevent Lender from eacercising its dghts u�der this paragaph 17. <br /> Lender shall not be required to erter upoq take control of or maintain the Pmperty before or after giving notice of <br /> breach to Bonower.Howevey Lender or a judicially appointed reeeiver may do w at any time there is a breach.A�y <br /> � applicazion of rents shall not cure or waive any default or invelidaze any other right or remedy o£Lendec This <br /> assignme�t ofrents of the Property Shall terminate when the debt secured by the Security Instrument is paid in full. <br /> 1&Foreclosure Procedure.If Lznder nquires immediate payment in fult under paragraph 9,Lender may <br /> invoke the pawer of sale and any other remedies permitted by app7icabte law.I,euder shall be enNded to callect <br /> ait ezpenses incurred in pursuing the remedies under this paragrapo l8,including,but not limited to,reasouable <br /> attomeys'fees and co5ts of title evidence. <br /> FHA Nab�aska oeeU of Trustwitlf MERS-4/96 ^���� <br /> Page 6 of 8 7», <br /> ios,i�. Bormwer(s)Inttials. � �'L <br /> \ <br />
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