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202503956
<br />2511780058
<br />to take possession of and manage the Property and collect the Rents and profits derived from the Property
<br />without any showing as to the inadequacy of the Property as security.
<br />(c) Funds Paid by Lender. If the Rents are not sufficient to cover the costs of taking control of and
<br />managing the Property and of collecting the Rents, any funds paid by Lender for such purposes will become
<br />indebtedness of Borrower to Lender secured by this Security Instrument pursuant to Section 9.
<br />(d) Limitation on Collection of Rents. Borrower may not collect any of the Rents more than one
<br />month in advance of the time when the Rents become due, except for security or similar deposits.
<br />(e) No Other Assignment of Rents. Borrower represents, warrants, covenants, and agrees that
<br />Borrower has not signed any prior assignment of the Rents, will not make any further assignment of the
<br />Rents, and has not performed, and will not perform, any act that could prevent Lender from exercising its
<br />rights under this Security Instrument.
<br />(f) Control and Maintenance of the Property. Unless required by Applicable Law, Lender, or a
<br />receiver appointed under Applicable Law, is not obligated to enter upon, take control of, or maintain the
<br />Property before or after giving notice of Default to Borrower. However, Lender, or a receiver appointed
<br />under Applicable Law, may do so at any time when Borrower is in Default, subject to Applicable Law.
<br />(g) Additional Provisions. Any application of the Rents will not cure or waive any Default or
<br />invalidate any other right or remedy of Lender. This Section 10 does not relieve Borrower of Borrower's
<br />obligations under Section 6.
<br />This Section 10 will terminate when all the sums secured by this Security Instrument are paid in
<br />full.
<br />11. Assignment and Application of Miscellaneous Proceeds; Forfeiture.
<br />(a) Assignment of Miscellaneous Proceeds. Borrower is unconditionally assigning the right to
<br />receive all Miscellaneous Proceeds to Lender and agrees that such amounts will be paid to Lender.
<br />(b) Application of Miscellaneous Proceeds upon Damage to Property. If the Property is
<br />damaged, any Miscellaneous Proceeds will be applied to restoration or repair of the Property, if Lender
<br />deems the restoration or repair to be economically feasible and Lender's security will not be lessened by such
<br />restoration or repair. During such repair and restoration period, Lender will have the right to hold such
<br />Miscellaneous Proceeds until Lender has had an opportunity to inspect the Property to ensure the work has
<br />been completed to Lender's satisfaction (which may include satisfying Lender's minimum eligibility
<br />requirements for persons repairing the Property, including, but not limited to, licensing, bond, and insurance
<br />requirements) provided that such inspection must be undertaken promptly. Lender may pay for the repairs
<br />and restoration in a single disbursement or in a series of progress payments as the work is completed,
<br />depending on the size of the repair or restoration, the terms of the repair agreement, and whether Borrower is
<br />in Default on the Loan. Lender may make such disbursements directly to Borrower, to the person repairing or
<br />restoring the Property, or payable jointly to both. Unless Lender and Borrower agree in writing or Applicable
<br />Law requires interest to be paid on such Miscellaneous Proceeds, Lender will not be required to pay
<br />Borrower any interest or earnings on such Miscellaneous Proceeds. If Lender deems the restoration or repair
<br />not to be economically feasible or Lender's security would be lessened by such restoration or repair, the
<br />Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then
<br />due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds will be applied in the order that
<br />Partial Payments are applied in Section 2(b).
<br />(c) Application of Miscellaneous Proceeds upon Condemnation, Destruction, or Loss in Value
<br />of the Property. In the event of a total taking, destruction, or loss in value of the Property, all of the
<br />Miscellaneous Proceeds will be applied to the sums secured by this Security Instrument, whether or not then
<br />due, with the excess, if any, paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property (each, a "Partial
<br />Devaluation") where the fair market value of the Property immediately before the Partial Devaluation is
<br />equal to or greater than the amount of the sums secured by this Security Instrument immediately before the
<br />FHA Nebraska Deed of Trust
<br />Lt1 t 26143.4
<br />01/2023
<br />Page 10 0/' 17
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