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2Q12074�� 14. Governing Law; Severability. This Security Instnament sl�all be governed by federallaw and the law of the jurisdiction in which the Properiy is locateci. Tn the event that any provision or clause of this Security Instrunient or the Note conflicts with applicable law, such conflict shall not affect othez 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 are declared to be severable. 15. Borrower's Copy. Borrower shall be given one con£ormed copy of tlxe Note and of this SeCUrity Instzument 16. Hazardons Snbstances. Boztower shall not ca.use or permit the presence, use, disposal, sYorage, or release of any IIazardous Substances on or in the Properiy. Borrower sha11 not da, nor a11ow anyone else to do, anything affecting the Property tS�at is in violation of any Environmental Law. The preceding two sentences shall not apply to the presence, use, or storage on the Properiy of small. quantities of Hazardous Substances that are generally recognized to be appropriate to nozmal residenlial uses and to maintenance of the Property. Barrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or priva.te pariy involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual knowledge. If Bonower learns, or is notified by any governmental or reUulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is neeassary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. A.s used in this paragraph 16, "Hazardous Substances" are Yhose substances defined as toauc or hazardous substances by Bnvironmental Law and the following substances: gasoline, kezosene, other flammable or to�cic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or formaldehyde, and radioactive maxerials. As used in this paragraph 16, "Environmental Law" means federal laws and la.ws of the jtu�isdiction where the Property is located that relate to health, safety or environmental protection. NON-UNiFORM COVENANTS. Borrower and Lender fatther covenant and agree as follows: 17. Assignment of Rents. Borrowez unconditionally assigns and transfers to Lender a11 the rents and revenues of the Properly. Borrower authorizes Lender or Lender' s agents to collect the rents and revenues and hereby direcls ea.ch tenant of the Property to pay the rents to Lender or Lender's agents. Howevez, prior to Lender's notice to Barrower of Borrower's breach of any covenant or agreement ia the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the ben.efit of Lender and Bonower. 'This assignnaent of rents constitutes an absolute assi�unent and not an assignment �or additional security only. If Lender gives notic� of brea.ch to Borrower: (a) all rents received by Bozrower shall be held by Borrower as irustee for benefit of Lender only, to be applied to the sums secured by the Security Tnstrument; (b) Lender sha11 be entitled. to collect aud receive all of the rents of the Properly; and (c) each tenant of the Property shall pay all rents due and wapaid to I,ender or Lender's agent on Lender's written demand to the tenant. Bonower has not executed any prior assignment of the zents and has not and will not perform any act that would prevent Lender from exercising its rights under this para.�aph 17. Lender shall not be required to enter upon, tatce control of or maintain the Property before or after giving notice of breach to Bonower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not cure or warve any default or invaiidate any other night oz zemedy 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 Procednre. If Lender reqnires immediate payment in fnll under para�raph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect aIl ezpeenses incnrred in �ursning the remedies provided in this paragraph 18, including, bnt not limited to, reasonable attorneys' fees and costs of title evidence. Iff the power of sale is invoked, Trastee shall record a notice of defanit in each connty in which any part of the Properiy is located and shall ma� copies of snch not3ce in the manner prescribed by applicable la.w to Borrower and to the other persons prescribed by applicable law. After the time requured by applica.ble law, Trustee, shall give pnblic notice of sale ta the persons and 'nn the manner prescribed by appIicable law. Trastee, without demand on Borrower, sha11 sell the Property at public auction to the highest bidder at the time and FHA NEBRASKA D�D OF TRUST - MB2S NEDOTZ.FHA 07/03l12 Page 6 of 9 Dar�laglc � www.docrnagic. mm �� ti f�`� � �� ' y��1 F�� F�1`' �� r�{ Y�i ��`��, ��1 tie � �1�� 5 � �' � � �{ P�� '64 � �� ' � �