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201304900 <br /> CASE #: NE3213220299703 DOC ID #: ********170805013 <br /> 12. Successors and Assigns Bound;Joint and Several Liability;Co-Signers.The covenants and agreements <br /> of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, <br /> subject to the provisions of paragraph 9(b).Borrower's covenants and agreements shall be joint and several. <br /> Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this <br /> Security Instrument only to mortgage,grant and convey that Borrower's interest in the Property under the <br /> terms of this Security Instrument; (b) is not personally obligated to pay the stuns secured by this Security <br /> Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or <br /> make any accommodations with regard to the terms of this Security Instrument or the Note without that <br /> Borrower's consent. <br /> 13. Notices.Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or <br /> by mailing it by first class mail unless applicable law requires use of another method.The notice shall be <br /> directed to the Property Address or any other address Borrower designates by notice to Lender.Any notice <br /> to Lender shall be given by first class mail to Lender's address stated herein or any address Lender <br /> designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to <br /> have been given to Borrower or Lender when given as provided in this paragraph. <br /> 14. Governing Law; Severability.This Security Instrument shall be governed by Federal law and the law of <br /> the jurisdiction in which the Property is located. In the event that any provision or clause of this Security <br /> Instrument or the Note conflicts with applicable law,such conflict shall not affect other provisions of this <br /> Security Instrument or the Note which can be given effect without the conflicting provision.To this end the <br /> provisions of this Security Instrument and the Note are declared to be severable. <br /> 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security <br /> Instrument. <br /> 16. Hazardous Substances.Borrower shall not cause or permit the presence,use, disposal,storage, or release <br /> of any Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, <br /> anything affecting the Property that is in violation of any Environmental Law.The preceding two sentences <br /> shall not apply to the presence,use, or storage on the Property of small quantities of Hazardous Substances <br /> that are generally recognized to be appropriate to normal residential uses and to maintenance of the <br /> Property. <br /> Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other <br /> action by any governmental or regulatory agency or private party involving the Property and any <br /> Hazardous Substance or Environmental Law of which Borrower has actual knowledge.If Borrower learns, <br /> or is notified by any governmental or regulatory authority, that any removal or other remediation of any <br /> Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary <br /> remedial actions in accordance with Environmental Law. <br /> As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous <br /> substances by Environmental Law and the following substances: gasoline, kerosene, other flammable or <br /> toxic petroleum products,toxic pesticides and herbicides,volatile solvents,materials containing asbestos or <br /> formaldehyde,and radioactive materials.As used in this paragraph 16, "Environmental Law"means federal <br /> laws and laws of the jurisdiction where the Property is located that relate to health,safety or environmental <br /> protection. <br /> MERS FHA Deed of Trust-NE <br /> 1004M-NE(12/11) Page 7 of 10 <br /> era e <br />