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201207598 <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 /> Second Note;or <br /> (ii) Be obligated lo 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 he unable to collect amounts owed under the Note because of restrictions <br /> in this Paregraph 13. <br /> 14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any righl or <br /> remedy shall not he 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 Security Instrument shall bind and ben�t the successors and assigns of Lender. Borrower may <br /> not assign any rights or obligatans undet this Security Instrument or under the Note, except to a <br /> trust [hat meets the requiremenls of the Secretary. Borrowers covenants and agreements shall he <br /> joint and several. <br /> 1fi. Notices.Any notice to Borrower provided for in this Sewrity Instrument shall be given by delivering <br /> it or by mailing it by flrst dass mail unless applicable law requires use of another method. The notice <br /> shall be directed to the PropeAy 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 shall be <br /> deemed to have been given to Borrower or Lender when given as provided in this Paragreph 16. <br /> 17. Governing Lew; Severability. This Searity Instrument shall be governed by Federal law and the <br /> law of the jurisdiction in which the Property is located. In the event that any prrnision or dause of <br /> this Securiry Instrument or the Note conflicts with applicable 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 coMortned 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 transfers to Lender all the rents and <br /> revenues of the Property. Borrower authorizes Lender or Landers agents to collect the rents and <br /> revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lenders <br /> agents. However, prior to Lender's notice to Borrower of Borcowers breach of any covenant or <br /> agreement in the Security Instrument, 8orrower 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 lo Borrower: (a) all rents received by Borrower shall be held by <br /> li I I�I�i I II IIIIIII�II�II II�III��I I�Illil�II��I�I(I I� 10) NeDraska Oeed ot Ttuat HECM FU(ED RATE-MERS <br /> 5 <br />