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<br /> 10, �• Borrower ha.9 a rlght to be reinstated if L.ender liu required immediate paymrnt in full
<br /> bec;ause of Borrowcr's fallure to pay an n�nount duc uncler �he Note or this Security lnstrument. This right applies
<br /> even after foreclosure proceedings are instituted. To reinstate the Security�nstrurnent, Borrawer shall tender In a lump
<br /> sum all anwunta rtquired to bring Borrower's eccount current lncluding,to the exteat they are obligations �f Bonuwer
<br /> under thfs Security Instrument, foreciosure costs und reasonable snd custornuy attorneys' fees and expenses properly
<br /> assa:iated with the fureclosure proceeding. U�on reinstatement by Borrower, this Security Instrun�ent and the
<br /> obliga�lons that it sccures shall remain In effect as if Lender had not required invnediate payment in full. However,
<br /> Lender is not requirecl to permic �cinstatcment !f:(i) Lcndcr has acceptecl reinstetement after the commenccment ol �
<br /> foreclo�ure proc:eedinga within two yeaca invnedtstely preceding tha commencemcnt of a current forcelosure
<br /> procteding, (il) retnstatement will preclude foreclosure on different grounds tn the future, or (iii) ceinstatement wlll
<br /> adversely affect the priority af the Ilen created by this Security Inscrument.
<br /> 11. BotmMer Not Rdea�od; Fotbarwx bY I.a�d�C Nnt a VVuver. Extension of the time of payment or
<br /> modit`icatian of amortization of the sums secured by this Security [nstrument granted by l.cnder to any sucGessor in
<br /> interest of Bonower shall not operate to release the liability of the ori�inal Borrower or Borrower's successors in
<br /> interest, Lender shall not be required to co�nce prceeedings against any successor in interest or refuse to extend
<br /> ttmc for payment or otherwise modify emortizatfon of the sums secured by ihls Security Insirument by reason ut any
<br /> demand made by the original Bonower or Borrower's successors in interest. Any forbearance by Lender [n exercising
<br /> any rlght or remedy shall not be a waiver of or preclude the exercise of any right or remedy.
<br /> 12 �oo�On �d�6�g��;)�iot aod Severil Liability;Co-Sigan. 'R�e covenants and agrecments of this
<br /> . Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provlsions
<br /> of pu�graph 9(Is).Borrower's covenants and agreements sl�ail Ue joint ar►d several. Any Bonower �vho co-signs this
<br /> Security Instnunent but does not execute the Note: (a) is ca-signing thls 5ecurity Instrument only to mortgage, gran[
<br /> and convey that Borrower's interest in the Property under the terms of this Security Instrument; (bj is nat personally
<br /> obllgated to pAy the sums securcd by thls Security Insirumenc; a�id(c)agrees that I.ender end any other Borrower may
<br /> agra to extend, modify,forbear or make any accommodations with regard to the t�rms of this Security Instrument or
<br /> the Note without that Borrower's consent.
<br /> 13. Natlas. An� notice to Borrower provided for in this Security Instcurnent shall be given by delivering it or
<br /> by mailing it by first class mail unless appl[cable law requires use of another method. The notice shall be directed to
<br /> the Property Address ur any other address Borrower designates by notice to I.ender. Any notice to Ixnder shall be
<br /> given by first class mail to Lender's address stated herein or any address Lender designates by notice to Bonower. Any
<br /> natice providod for in this Security Instrument shall be deemed to have becn given to Borrower or L.ender when given
<br /> as provided in thla paragrapl►.
<br /> 14. Govaniog 1.a�:Serasb�i=Y• 'I�rus Security Instrument shall bc governod by federal law and the law of the
<br /> jurisdiction in which thc Property Is located. In the event that any provtsion or clause of this Security Instrument or
<br /> the Note conflicts with applicable I�w,such conflict shell not affect other provislons of this Security Instcucrnnt or the
<br /> Note which can be given effect without thc conflicting pruvision. To this end the provisions of this Security Instrument
<br /> and the Note are declared to be severable.
<br /> 15. Boao�ra't CAPY• Borsower shall be g8ven one confamxd copy of the Note and of this SeGUrity Instrument.
<br /> 16. Fl�v�om S�wtanoa• ��oWer shall not cause or permit the prasence, use,disposal, storage, or release of
<br /> any Hazardoua S�bstsinces on or in the Pcoper¢y. Bonower shall not do, nor allow anyone else to do, anything
<br /> affceting the Property that ls in violatlon of any Enviroiunental Law. 'Che preceding two sentences shall not apply to
<br /> the prtsence, use,or storage on the Property of small quantides of Hazardow Substanc;es chat are generally recogniud
<br /> to be appropriAte to nom�ai residentiel usts and to maintenance of the Property.
<br /> Borrawer shall promptly give Lender written notice of any investigatton, claim,demand, lawsuit or other action
<br /> by any gove�ntal or regulatory agency or private party involving the Prop,erty and any Hazardous Subswnce or
<br /> Environnxntal Law of which Barrower has actual knowledge. If Rorrower leams. or is notified by any gov�rnmentnl
<br /> or ngulat�ry authority, that any removal or other remediation of any Hazudous Substances affxting the ProFertY is
<br /> necessary, Bon'ower shall promptly take all necessary remedial actions in accordance with Environmenial Law.
<br /> As usod in this paragraph 16,"Hazardous Substances" are those substances defined as toxic or haxardous substances
<br /> by Environmental Lstw and the following substances: gesoline, kerosene, other flammable or toxic petroleum products,
<br /> toxic pesticides ond herblcides, volatile solvents, materials wntaining a�bestos or fom�aldohydc, and radioac�ive
<br /> materials. As usec! in this paragraph 16, "EnvirocVnenta! Law"means federal laws and laws of the jurisdiction where
<br /> the Propeccy is located that relate to health, safety or enviromnental protation.
<br /> NON-UNIFORM COVEhANTS, Borrower and L.ender further covcnant and agree a9 follows:
<br /> - l7, Maigncoatt of Raqe. Bonower unconditionally assigns anJ tran�fers to Lender all the rents and revenues
<br /> of the Pmperty. Borruwer authorizes Lender or Lender's agents to coltect the rents and mvenues and hereby directs
<br /> each tenant of the Propeny to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to
<br /> Borrower of Borrower's breach of any covenant or agreement in tne Security [nstrument, Borrowrr shall callect and
<br /> �, receive all rents and revenues of the Pro�erty as trustee for the benefit of Ixnder and Borrower. This assigmnent of
<br /> — rents c:onstitutes an absolute assignment and not an assigcunent f'or additional security only.
<br />_� If Lender gives notice of Ureach to Bocrower: (a) all rents receiveci by Borrower shall be held by Honower as
<br />_� trustee fur benefit of I.endcr only,to be applied to the sums se.�cured by the Securiry Instrumenr, (b) Lender shall bc
<br />_.�� entitled ro colle�:t and receive all of the rents of the Pro�rcy; and (c) each tenant of the Propeny shall pay all rents
<br />=.i� due and unpaid to Lender or Lender's agent on Lr.nder's written dem:und to the renant.
<br /> __�____... ..0.A.. ..o.,ro .�n�l huc nnt an� will nnt tH'�fORT1 anv act that would
<br /> Borrower has not execu[rd any Priui 3L1J1��11iM1�u �. .... .-...- --.._------ --- --- • -
<br /> prevent Lender from cxercising its rights unJer tl�is paragraph l7.
<br /> Lender sliall �iot lx required to enter upon, take controi of or maintain the Property t�.fore or after giving notice
<br /> of brcach to Borrower. However, f..ender or n judicially nppointcd nreiver may do so ac any time there is a breach.
<br /> .�..— �
<br /> NBBRASKA•F{IA UI3ED OP TRUST Pagc 4 of 6
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