Laserfiche WebLink
� � ��1 5�5�44 <br /> 14. �o�verniag Law; Se►v�rabxxity. This Securi�.y�nstrumen�sha�l be�a��rned�y federal law and the�aw af <br /> �he jurisdictian in v�hich th�Property i�lflca�ed. In tr�c e�eY��th�.�an�p�-o�isian or�lause of this Security�nstrument <br /> or�h�Note canflicts wi�h applicable law, such canfl�ct sha��n���.ffect o�n�r pro�isi�ns.af�his Security Instrument <br /> or the Note which can be gi�en effect w�thout the�anflicting pr��►�sian. To th�s end the pro��sions of this Security <br /> Instrument and th�1�ote axe dec�ared ta be sew�erab�e. � <br /> 15. Bnrrawer's Copy. Borrower sha1�be given ane���forr�ec�cflpy af�he No�e and af this 5e�urity Ins�rument. <br /> 1G. Hazard�us SubStanGe�. Bvrrawer shall not caus�or��rmi�the preserice,use, disposat, storag�, or re�ease <br /> of any Ha�ardous Substances an or in�he Praper�y. Borr�wer sha��nvt d�, nor allow anyone e�se to do, anything <br /> affecting�he Prop�rty that��in violati�n af any En��ronrn�ntal La�v. The pre�eding two sentences shali nat apply <br /> �o th.e presen�e, use, or storage an the��roperty of smali quan���ies of Hazardaus Substan�es that are generally <br /> recognized�a be approprxate ta norma.l.res�dential uses and to main�enance c�f�he Property. <br /> Borrowe�r shaxl promptXy give Lender �vritten notice of any �n�estigation, clav.�., demand, la�vsui� or other <br /> actian by an� go�ernmen�al or regula��ry agenGy� �r pr�va�e party in�rol�ring the Property and any Hazardaus <br /> Subs�ance ar En�ironrnental Law of wh�ch Borrower has actual knov�Tl.edge. If Barrawer�earns,ar is notifi�d�y any <br /> governmen�a�or regulat�ry au�h�ri�y, �ha�any rem��al nr other remedia�ion af any Hazardous Substances affecting <br /> �he Propert�r is necessary, Lorrower sha�I promptly �alce a�� necessary r�medial a��ions in accordance wx�h. <br /> En�iranmental Law. <br /> A,s used in th.is paragraph 16, "Hazardaus Subs�an�as" axe thase substances d�fined as �oxic or hazaxdous <br /> su�stances by En��ronm�nta� Law and th.e following suhstances: -.•gasoline, ker�sene, other flamma��e or toxic <br /> pe�ro�eum products,to�xc pestxcxdes and herb�cides,volatile solv�nts,mat�r�als containing asbestos ar farmaldeh�de, <br /> and radraact�v�materials. As used�n this paragraph ��, "Environmenta�Law" means federal lav�s and laws of the <br /> jurisdic�zon where the Praperty�s�ocated�ha�re�ate tio health, safety or en�ir�nmental protection. <br /> [V�N-U N C F�]R11A C�V E NA NTS. Bo�~rower and L ender furtxier co�enant and agree as fol�ows: <br /> 17. ���gn�ne�t of R���s. Borr�wer uncandxtiana�l� ass�gns an�transf�rs to Lender a�l�he ren��and re�enues <br /> of the Property. Borrower authorizes Lender'�r Lender's agents to callect the ren�s and revenues and hereby direc�s <br /> �a�h tenant af�he Property t�pay the rents to Lender or Lender's.agents. Hov�ever, prior t� Lender's noti�e to <br /> Borro�ver of Borrow�r's l�reach of any covenant,aar agreernen�in�he 5e�urity Ins�rument;Borrower sha11 cvllect and <br /> recei�e a�1 r�nts and re�enues�f i:he Propert�as trustee for�he,benefit of Lender and Barr�wer. This assig�ux�ent of <br /> rents c�ns�itutes an absolute assignment and nat an ass�gnmen�f�r addit�onal security only. <br /> If Lender g��es notice of breach to Bnrrower: �a�a�1 rents.recex�ed 1ay B�rrower shall�e he�d��Borr��ver as <br /> trus�ee for benefi�of Lender�nl.y, �o be applied to�he sums secured by the 5ecuri�y Iristrument; �b}Lender sha��be <br /> ent��led�o col�ect and r�ceive aI1 of�he rents�f the Pr�periy; and��}�ach tenan�of the Prvper�y shall pay a�l rents <br /> due and unp aid t�L ender or L ender's agent an L ender's writt�n demand to the�enant. <br /> Borr�wer has no�executed an�prior ass�gr�m�nt�f the rents and has not and w�l�not perform any act that wou�d <br /> preven�Lender from e�ercisua.g its right`s.under�h.is paragraph I7. . <br /> L�nder shall not be required to en�er upon, ta�e cantro�af�r main�ain t.�ie Property before ar after givi_ng not�ce <br /> of breach ta Barrower. How�ver, Lender or a jud�c�ally appoin�ed receiver may do so at any time there is a breach. <br /> Any application af rents shall not cure�r�a.�ive any defau��or in�aiida�e any a�her right or remedy of Lender. This <br /> assxgnment of rents of�h�Property shall t�rm�nate when�he d�b�secured b��he Securi�y Instrument is pa�d in full. <br /> 1S. Forecl�sure Pr��edure. If Lender requ�res im�ediate payment in full under paragraph 9,Lender may <br /> in��ke the power af Sale and any other remedYes perm�tted by applicable Iavv. Lender shall be entitled to Co��e�t <br /> a�z exp�nses incurred in pursu�ng the remedie� prav�ded an�th�s paragraph 18, inc�u��ng, but nat Iimxted to, <br /> ,� <br /> reasonab�e attorneys' fees and c4sts of title e��dence. � <br /> If the power�f sale is invaked, TruStee ShaXl recard a notice af default in ea�h�ounty rn which any part of <br /> the Property is �ocated and sha�l maxl copi�s of su�h n�tice in the manner prescribed by applicabXe law to <br /> Borrower and ta the ather persons prescribed by app�ica�le law. After the time req�tired by app���abie Iaw, <br /> Trus�ee,shall girvQ�pubi�c notice af sale to th�persons and in the manner prescribed l�y applicable Zaw. Trustee, <br /> without demand on B�rraw�r, shall 5e�1 the propert�a�public au�tivn ta the highest bidder at the txme and <br /> FHA NEBRASKA DEED OF TRUST- NlERS 13or�a�ic <br /> NED�T�.FHA �61'1�1�4 Page 6 af 9-� www_dacmagic.�om <br /> � <br /> � <br /> ■ r i� � ' t � �k t� � <br />