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2� 1 ��7�5 1 S. Successors and Assigns Bound; Joint and 5e�eral Liability, Borrower may nnt assign any rights or ohligati�ns under this Security Instr�ment or the Second l�ot�, except to a trus�.that meets the re�uirements af the Secretary.Borrow�r's co�enants and agreements shall be j�int and�everal. Na�ithstanding anything �o �he Gontrary h�reir�, upon the �eath ❑f they last survi�ing Borrower, the Barrower's succ�ssars and assigns will be bound tfl perfarm Borrower's obtigations under this 5ecurity Instrument. 19. Nntices. Any n�tice to Borrower pra�ided� for in�his Security Instrument shall be given by deli�ering it or by mailing it by first class mail unless applicable lawv requires use of another method.The notice shall be directed ta th� Property Address or any other address a�l Borror�vers jointly designate. Any notice t�#he Secretary shall be gi�en by first c�as�mail to th� HUI3 Fie�d Dffice vvith jurisdiction over the Property or any other address d�signated by the Secretary. Any notice to Non-Borr�win� Spouse pro�ided f�r in thi5 Security �.nstrument shall be give� by deli�ering i� or by mailing it hy first ctass maiI un�ess applicable �aw requires use of another method. The natice shal� be directed to the Property Address. Any notice provided f�r in this Security Instrument sha�� be deemed t� �a�e b�en gi�en ta Borrower or Lender,nr Non-Borrawing 5pouse when given as pr�vided in this�'aragrapl� 19. 2D. Go�erning Law; Se�erability. �I'his Security Instrument shal� be go�err�ed by Federal �aw and the taw af the jurisdictian in which the Praper�y is located. In the e�ent that any pro�isiflr�or c�ause�f this Security Instrument or the Second 1Wate conflicts witih app�icable law, such conflict shall nat affe�t other pro�isions af this Security �nstrument or the Second Note which can be gi�en effect without �he conflicting pro�ision. To this end the prov�sians of this Se�urity�nstrum�nt and t��Se�or�d l�iat�ar�d�clar�d ta be se�erable. 2I. Borrower's Copy. Barrovver shall be gi��n one canformed copy of the Second Note and this Security Ir�strurn�nt. ZZ. Third-Party Ben�ficiary. Except as set forth in Para�raph 1��A��ii� and �nly for an �ligib�e Non-�orr�wing Spouse this S�curity Instrurnent d��es nDt and is not int�nde�t��onfe�any rights ar remedies upon any pers�n other than the parti�s. Borrower agrees that it is not a third-party beneficiary to �he �ontract of Insurance be�ween HUD and tih�holder af the First Note. 23. Capitalized Terms. �apitalized terms not�efined in this Security Instrument shall have the meanings ascribed to them in the Loan Agreement. N�N-UNIF�R�I C�VENANTS. Barrawer and Lend�r fur�her co�enant ar�d agree as fo��o�vs: 24. Assignment of Rents. Borrower uncnnditi�nally assigns an�transfers to I�ender all the rents and re�enues of the Property. Sarrower autharizes �.ender or Lender's agents to callect th� rents and r�venues an� hereby directs each tenant of the Pr�per�y tfl pay the ren�s t� Lender or Lender's agents. Hov�ever, prior #o Lender's notice to Borr�wer of B�rrower's breach of any co�enant or agre�ment in the Security Instrument, Bor�ower shall collect and receive all rents and rev�nues�f the Property as trustee for the ber�ef�of L�nd�r and Borr4wer. T�his assignment of rents constitutes an absoIute assignment and not an assignment for additiana�se�urity oniy. If Lender gives not�ce of�reach to Borro�ver: �a} alt rents re�eived b� B�r�o�er sha�l be held b}� Sorrower as �rustee fvr benef�t of Lender on�y,ta be applied to the sums secured by this Security Instrument; �b}Lender shali be entitled to collect and recei�e al1 4f the rents af�he Property; and �c} each tenant of the Property shal� pay a11 rents �lue and ur��aid ta Le�der Qr Lender"s ager�t on Lender's writ�en demand t�the tenant. Borrower has na� execu�ed any pr�or assignmenti of the rents and has nflt and will not perform any act that would One Re�erse Mortgage,LLC Laan Qriginator:Tiffany Da�is Company-I�IViLS#:�d5�-Loan�umber:3349$$2503 Loan�riginator NMLS#;753281 Nebras�Ca-�"��Security Ins�rument�Adjustable} Page 8 of 11 C�Bay Docs,LLC 431�11�415 q4334988�5�3 117� �'I 7 �81'I