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201207511 <br /> Property under Paragraph 19 to Lender or a receiver of the Property,until the Secretary <br /> has required payment-in-full of all outstanding principal and accrued interest under the <br /> 5econd Note;or <br /> (ii) Be obligated to pay interest or shared appreciation under the Note at any time,whether <br /> accrued before or after the payments by the Secretary, and whether or not accrued <br /> interest has been included in the principal balance under the Note. <br /> (d) No Duty of the Secretary.The Secretary has no duty to Lender to enforce covenants of the <br /> Second Security Instrument or to take actions to preserve the value of the Property, even <br /> though Lender may be unable to collect amounts owed under the Note because of restrictions <br /> in this Paragraph 13. <br /> 14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or <br /> remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br /> 15. Successors and Assigns Bound;Joint and Several Liability.The covenants and agreements of <br /> this 5ecurity Instrument shall bind and benefit the successors and assigns of Lender.Borrower may <br /> not assign any rights or obligations under this Security Instrument or under the Note, except to a <br /> trust that meets the requirements of the Secretary.Borrower's covenants and agreements shall be <br /> joint and severaL <br /> 16. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering <br /> it or by mailing it by first class mail unless applicable law requires use of another method.The notice <br /> shall be directed to the Property Address or any other address all Borrowers jointly designate.Any <br /> notice to Lender shall be given by first class mail to Lender's address stated herein or any address <br /> Lender designates by notice to Borrower.Any notice provided for in this Security Instrument shali be <br /> deemed to have been given to Borrower or Lender when given as provided in this Paragraph 16. <br /> 77. Governing Law; Severability.This Security Instrument shall be govemed by Federal law and the <br /> law of the jurisdiction in which the Property is located. In the event that any provision or clause of <br /> this Security Instrument or the Note conflicts with applicabie law,such conflict shall not affect other <br /> provisions of this Security Instrument or the Note which can be given effect without the conflicting <br /> provision. To this end the provisions of this Security Instrument and the Note are declared to be <br /> severable. <br /> 18. Borrower's Copy. Borrower shall be given one conformed copy of the Note and this Security <br /> Instrument. <br /> NON-UNIFORM COVENANTS.Borrower and Lender covenant and agree as follows: <br /> 19. Assignment of Rents.Borrower unconditionally assigns and fransfers to Lender all the rents and <br /> revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and <br /> revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's <br /> agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or <br /> agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of <br /> the Property as trustee for the benefit of Lender and Borrower.This assignment of rents constitutes <br /> an absolute assignment and not an assignment for additional security only. <br /> If Lender gives notice of breach to Borrower: (a)all rents received by Borrower shall be held by <br /> ��� � - Gh� <br /> I IIIIIIIIIIIIIIIIIIIIII I IIIIIIIII IIII <br /> Finale�ocument Services 8 0228 07/07 (7 of 10) Nebraska Deed of Tnist HECM FIXE�RATE-MERS <br />