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201207599 remedy shall not be a waiver of or preclude the exercise of any right or remedy. 15. Successors and Assigns Bound; Joint and Several Liability. Borrower may not assign any rights or obligations under this Security Instrument or the Second Note, except to a lrust that meets the requirements of the Secretary. Borrowers covenants and agreements shall be joint and several. 16. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address all Borrowers jointly designate.Any notice to the Secretary shall be given by first dass mail to the HU� Field Office wdh jurisdiction over the Property or any other address designated by the Secrelary.Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this Paragraph 16. 17. Goveming 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 dause of this Security Instrument or the Second Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Second Note which can be given effect without the conflicting provision. To this end the provisions of this Sewrity Instrument and the Second Note are declared to be severable. 18. Borrower's Copy. Borrower shall he given one conformed copy of the Second Note and this Security Instrument. NON-UNIFORM COVENANTS. Borrower and Lender fuAher covenant and agree as follows: 19. Assignment of Rents. Borrower unconditionally assigns and trensfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lendefs agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lenders agents. However, prior to Lenders notice to Borrower of Borrowers breach of any covenant or agreement in the Security Instrument, Borrower shall coliect and receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not a assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by this Security Instrument; (b)Lender shall be entitled to collec[and receive all of the rents of the Property; and(c) each tenant of the Property shall pay all rents due and unpaid W Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of tha rents and has no[ and will not pertortn any act that would prevent Lender from exercising its rights under this Paragraph 19, except as provided in the First Security Instrument. Lender shall not be required to enter upon, take control of or maintain the PropeRy 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 rents shall not cure or waive any default or invalidate any other right or remedy of Lender. This assignment of rents of the Property shall terminale when the debt secured by this Security Inslrument is paid in full. �n�III IIII Illo I6II�IU IIIIIAII IIII�I I�III N IIIO I�IIIIIA(II�9) Nebreska Secontl DeeO MTrusl-HECM FIXED RATE 5 00