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<br /> _ ' � 98-��z►s58
<br /> � t 10. Rcinatatema�t. Iiorrower has a rlght to bc reinstated if lxnder has rcquired immcdiatc paymcnt in fuU
<br /> � i txcause o f Borrower's failure to pa y an amount due undcr the Note or this Security [nstrument. This right appUcs �
<br /> : cven aftcr foreclosure proceedings are instituted. To reinstate the 5ec:ucity Instrument, Borrawer shall tender in a lump
<br /> ; sum all amounts rcqulred to bring Borrower's account current including, to thc extent they are obligations of Borrower
<br /> ; � under this Security Instrument, for��closurc costs and reasonable and customary attorneys' fees end expenses properly '
<br /> associated with the forectosure proceedin8. Upon reinstaternent by Borrower, this Security Instrument and the
<br /> � � obligetions that it secures shall remain in effc�ct as if L.ender had not requlred immediate payment in full, However, :
<br /> `�_a�,�{,� � l.ender is not required to permit reinstatement if:(i) Lender has accepeed reinstaten�ent after the commencement of
<br /> foreclosure proceedings wlthin two years immedistely preceding the comn�encemerit of a current foreclosure ��
<br /> proceeding, (ii) reinstatement will preclude foreclasure on different grounds in the future, or (iii) reinstatement will
<br /> adversely affcct the priority of the llen created by this Security Instrument. �
<br /> . � �;
<br /> I1. Borrower Not Rda�od; Porbeuanae bY L��der Not a 'WuWa. Extension of the time of payment or
<br /> �R� modifica[ion of am�rtization of the sums secured by this Security Instrument granted by I.ender to any successor in =
<br /> � � Interest of Borrower shall not operate to release the liabil(ty of the original Borrower or iionowcr's successors in �
<br /> interest. Lender shall not be requireci to commence proceedings against any successor in Interest or refuse to extend
<br /> time for payment or otherwise modity amortization of the sums secured by this Security instrument by reason of any
<br /> demand made by the origlnal Borrower or Bonower's successors in interest. Any forbearance by Lender in exercising
<br />:�.,. , any rlght or remedy shall not be a waiver of or preclude the exercisc of any right or remedy. -
<br /> ' ' � 12. Sucxe=son ad e�sti�u Boun�i;1oint md Se�'a�L���Y�C°'S�B�' The cc�venants and agreements of d►is
<br /> Security Instrument shall bind tu►d benefit the successors and assigns of L.ender and Bonuwer, subject to the provisions
<br /> of paragraph 9(b). Boaower's covenants and agreements shall be joint and several. Any Borrower who co-signs this
<br /> �� • • Security Instrument but dces not execute the Note: (a) is co-signing this Security Instrument only to cmrtgage, grant
<br /> . and convey that BorrowPr's interest in th� Property under the tem�s of this Securlty Instnunent; (b) is not personaliy _.
<br /> ti,. .
<br />�-:?zJ°�.��r obligated to pay the sum9 secured by this Security Instnimenr and (c)agrees that Lender and any other Borrower may
<br /> '��'` agree to extend, modify,forbear or make any accommodations with regard to the terms of this Security Instrument or
<br />���"�"'� �� ' the Note without that Bonower's consenc.
<br /> _`�:y'� 13. N�ua�. Any notice to Borrower provided for in this Security Instru�r,ent 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 directed to
<br />.�Y� � the Property Addross or any other address Borrower designates by notice to I.e�ider. Any notice to Lender shall be
<br />`a `�;��t.hfil given by first class mail to Lender's address stated hereln or any address Lender designates by notia to Bonower. Any
<br /> -�'• • h� � .,� . ��t��1 f�r in ihts Securiry Instrument shall be deemed to have been given to Borrower or i.ender when given
<br />-- o._z p.ev _ _
<br /> �„^. ,-.<sa��
<br /> ��.•;_;� as providcd in this paragraph.
<br /> ••°^'��' 14. Govcrning I.aM; Sevaabili�3►• Th�s Security lnstrument shall be govemed by federal law and the law of the
<br /> ��.��� * jurisdiction in which the Propertp is located. In the event that any provision or ciause of this Security Instrument or
<br /> y �� the Note conflicts with applicable law,such conflict shall not affect other provisions of this Security Instrument or the
<br /> Y'�b� Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument
<br /> ��-�;�=�� and the Note are declarnd to be severable.
<br /> �-��'�� 15. Borrowa's Copy. Boaower shall be given one wnfom�ed copy of che Note and of this Security Instrument.
<br />�=i�'•�'?� 16. Ha•r�rdoui �anoa• Bonower shell not cause or pernut the presence, use,disposal, srorage, or release of
<br /> --`;y�ti� any Hazardous Substances on or in the Property. Borcow�r sh�ll not do, aor allow anyone else to do, anything
<br /> -__°:��11�■ affxting the Property that is in violation of any Environmental Law, The preceding two sentences shell not apply tu
<br /> i_��',•:�bi�
<br /> the presence, use,or stor�ge on the Property of small quantities of Hazardous Substances that aze generally recognized
<br /> ..-- �.. to bo appropriate t� nornial residential uses and to maintenance of the Pcoperty.
<br /> ••��,,, .� Bonower shall psomptly give Lender written notice of any invatigation, claim,demand, lawsuii or other action
<br /> __-T-- by any governmental or regulatory agency or private pany involving the Property and any 1•lezazdous Substana or
<br /> 'y'�'����� Environmental Law of which Borrower has actual knowledge. If Borrower leams, or is uotified by any govemrnental
<br /> +. !<<�
<br /> :�-:�,�� or regularory authority, that any removal or other remediation of any Hazardoue Substances affecQng the Propeny is
<br /> °' �''� necessary, Borrower shall promptly take all necessary remalial acttons in accordance with Environn�ental Law•
<br />=��'��ss.,
<br /> -:_,ti v y•c�� As used in this pazagraph 16,"Hazardous Substanccs" are those substances defined as toxic or hozardous substances
<br /> -- by Environmental Law and the following subswnces: gasoflnc,keroseae, other fla�nmable or toaic petroleum products,
<br /> �P - toxic pesticides and herbicides, volatile solvents, materials containing asbe5tos or formaldehyde. u�d radioactive
<br /> .M`!�"'�'R�;°,��
<br /> _ materials. As used in this pazagraph 16,"Environmental La�v"cneans federal laws and laws of the jurisdiction whcre
<br />,�:�.�v,;.' " the Property is located that relate co heaith, safety or environmental prateccion.
<br />�.��c.�-,uF..
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<br /> __. •• • ;�^ ;' ' NON-UNIFORM COVENANTS. Bonowcr and L.cnder funher covenant and agree as follows: �
<br /> : 17. Assignmcat of Rmts. Borrower unconditionally assigns end transfcrs to Lender all the rents and revenues _
<br /> ' of the Property. Banower authorizes L.ender or Lender's agents ta collect the rents and revenues and hereby dirxts -•
<br /> each tenant of tlie Property to pay the rents to Lender or I.ender's agents. However, prior to L.ender's notice to �
<br /> • Borrower of IIorrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and _
<br /> "' receive all rents and revcnues of thc Property as trustee for the bene�t of Lender and Borrower, 1'his assignnxnt of
<br /> � rents constitutes an absolute assignment and not an assignment for additional security only, _
<br /> � If Lender gives notice of breach to &�rrower; (a) all rents received by Bonower shall be held by Bonower as _
<br /> e trustee for benefit of Lender only,to be applied ro the sums secured by the Security [nstrument: (b) Lender shall be
<br /> � ��� � entitled to collect and receive all of the rents of the Property; and(c) each tenant of the Propeny shall pay all rents
<br /> _ _ ~ _ __ _ ,�,�P a„d unnaid to Lender or I.ender's agcnt on Lender's written demand to the tenant.
<br /> - _ __ _-_: --- -- �
<br /> Borro�vcr has not executal any prior assignment of the rents and has not and w�li not periorm any aci ii�ai wou�� _
<br /> prcv�nt Lcnder from cxcrcising its rights under this pacagraph 17.
<br /> [�:ndcr shall not be required to enter upon, take control of or maintain the Property lxfore ar after giving notice
<br /> of breach to Borrower. However, Lender or a judicially appo{nted rec:eiver may d� so at any time there is a breach.
<br /> " I NHBRASKA—FFIA DIII:D OF TRUS[ �
<br /> Iu«,.�,n,� s�,:,nv.i�iaoo�waiwz Pagc 4 of 6
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