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200705702 Borrower's intere~t in the Property under the tenns of this Security Instnunent; (b) is not personally obligated to pay the sums secured hy this Security Instnlluent; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the temlS of this Security hlstrument or the Note without that Borrower's consent. 13. Notlees. Any notice to Borrower provided for in this Security Instmment shall be given by delivering it or by mailing it by first elass mail Wlless applicable law requires use of another method. The notice shall be directed to the Property Address or any othcr address Borrower designates by notice to Lender. Any notice to Lender shall be givcn by first class mail to Lender' s addre~s stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instrnment shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. 11lis Secnrity hlstrument shall be govemed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or thc Notc contlicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the contlicting provision. To tIllS end the provisions of this Security Instrument and the Note are declared to be severable. 15. Borrower's Copy. Borrower shall be given one confomled copy of the Note and of this Security Instrument. 16. Hazardous Substances. Borrower shall not cause or pemlit the presence, use, disposal, storage, or releasc of mlY Hazardous Substances on or in the Property. Borrower shall not do, nor allow anyone else to do, anything affecting the Property that is in violation of any Environmental Law. Thc preceding two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to nomml re~idential uses mId to maintenmlce of tIle Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substmlce or Environmental Law of which Borrower ha~ actual knowledge. If Borrowcr leams, or is notified by any governmental or regulatory authority, that mlY removal or other remediation of any Hazardous Substance~ affecting the Property is neccssary, Borrower shall promptly take allnece%ary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substmlces by Environmental Law and the following substances: gasoline, kerosene, other tlmnmable or toxic petroleum product~, toxic pesticides mId herbicides, volatile solvents, materials containing asbestos or fonllaldehyde, and radioactive materials. As used in tillS paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where tIle Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrowcr mId Lender further covenant mId agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower autllOrizes Lender or Lender's agents to collect the rents mId revenues mId hereby directs each tenmlt of the Property to pay the rents to Lender or Lender's agents. Howevcr, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect mId receive all rents and revenues of the Property as trustee for the benefit of Lender and Borrower. 11lis assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as tmstee for benefit of Lender only, to be applied to tIle sums secured by the Security Instrument; (b) Lender shall be entitled to collect mId receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demmId to the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 17. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. However, Lender or a judicially appointed receiver may do so at mlY time there is a breach. Any application of rents shall not cure or waivc mlY default or invalidate any other right or remedy of Lender. This assignment of rent~ of the Property shall tenllinate when the debt secured by the Security Instrument is paid in full. 18. Foreclosure Procedure. If Lcnder requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedie~ pennitted by applicablc law. Lender shall be entitled to collect all expenses incurred in pursuing thc remedies provided in tIllS paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If tIle power of sale is invoked, Trustee slmll record a notice of default in each county in which mlY part of the Property is located and shall mail copies of such notice in tile manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, Trustee, shall give public notice of sale to the persons mId in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction NEBRASKA FHA DEED OF TRUST ITEM T2696L5 (OSOS}-MERS (P"'''"f7,.,,,; ~ Ss GREATLAND . To Order Gall: 1-800-531}-9393 D Fax: 616-791-1131