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20�20�24� 14. Governing 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 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. To this end the provisions of this Security Instrument and the Note aze declazed to be severable. 15. Borrower's Copy. Bonower shall be given one conformed copy of the Note and of this Security Instrument. 16. Hazardous 5ubstances. Bonower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Properly. Bonower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Properly of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Properfy. Borrower shall promptly give Lender 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 Bonower has actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediarion of any Hazardous Substances affecting the Property is necessary, Bortower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this pazagraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or toacic petroleum products, toacic 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-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower uncondirionally assigns and transfers to Lender all the rents and revenues of the Property. Bonower authorizes Lender or Lender' s agents to collect the rents and revenues and hereby directs each tenant of the Progerty to pay the rents to Lender or Lender' s agents. However, prior to Lender' s notice to Bonower of Bonower' s breach of any covenant or agreement in the Security Instr�ment, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Bonower. This assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives norice of breach to Bonower: (a) all rents received by Bonower shall be held by Borrower 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 all of the rents of the Property; and (c) each tenant of the Properiy shall pay all 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 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 ren� shall not cure or waive any default 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 Inshvment is paid in full. 1& Foreclosure Procedure. If Lender requires immediste payment in full under paragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all ezpenses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, ressonable attorneys' fe�s and costs of title evidence. If the power of sale is invoked, Truatee shall record a notice of default in each county in w}uch any part of the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable Iaw. After the time required by applicable law, Trustee, shall grve public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the lughest bidder at the time and FHA NEBRASKA D� OF TRUST - MERS Dm�la,gle� NmOTZ.FHA 07/03/12 Page 6 of 9 www.docmagfc.com IIIIIIIII IIII �I III�I II� I I II I II II I I IIIIII IIIIIIIII III