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200707835 Borrower's interest in the Property under the temls of this Security lnstmment; (b) is not personally obligated to pay the sums secured by tlus Security Instmment; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the tenus of this Security Instrument or the Note without that Borrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Instmment shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first e1ass mail to Lender's address stated hercin or any address Lender designates by notice to Borrower. Any notice provided for in this Security Instnnuent shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. lhis Security Instmment shall be governed 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 lnstmment or the Note eontliets with applicable law, such conflict shall not affect. other provisions of this Security Instmment or the Note which can be given effect without the conl1icting provision. To this end the provisions of this Security lnstmment and the Note are declared to be severable. 15. Borrower's Copy, Borrower shall be given one conformed copy of the Note and of this Security Instnnuent. 16. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any 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. The preceding two sentences shall not apply to the presence, nse, or storage on the Property of small quantities of Hazardous Substances that are generally recognized to be appropriate to normal residential uses lUld to maintenance of the Property. Borrower shall promptly give Lender written notice of any investigation, claim, demand, lawsuit or other action by any govenllnental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower ha5 actual knowledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardous Substances affecting the Property is neccssary, Borrower shall promptly take all necessary remedial actions in accordance with Environmental Law. As used in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous subshmces by Environmental Law and the following substances: gasoline, kerosene, other flammable or toxic petroleum products, toxic pesticides and herbicides, volatile solvents, materials containing asbestos or fonualdehyde, and radioactive materials. As used in this paragraph 16, "Envirunmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or environmental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of lmy covenant or agreement in tbe Security Instnul1ent, Borrower shall collect and receive all rents and revenues of the Property as tmstee for the benefit of Lender and Borrower. This 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 rent5 received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the SlllUS secured by the Security Instrument; (b) Lcnder shall be entitled to collect and receivc all of the rents of the Property; and (c) each tenant of the Property shall pay all rent5 due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. Borrower has not executed any prior assignment of the rents and ha5 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 any time there is a breach. Any application of rents shall not cure or waive any default or invalidate any othcr right or remedy of Lender. This assignment of rents of the Property shall tenninate when the debt secured by the Security Instrument is paid in full. 18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may invoke the power of sale and any other remedie.5 pennitted by applicablc law. Lender shall be entitled to collect all cxpcnses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonablc attomeys' fees and COSt5 of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of the Property is located and shall mail copies of such notiee in the manner prescribed by applicable law to Borrower and to the other persons prescribed by applicable law. After tile time required by applicable law, Tmstee, shall give public notice of sale to the persons and in the manner prescribed by applicable law. Tmstee, without demand on Borrower, shall sell the Property at public auction NEBRASKA FHA DEED OF TRUST ITEM T2696l-5 (0308)-MERS ( Pape 5 of 7 {laKes) GREATLAND. To Order Call; 1.800.530.93930 Fax: 616.79,.,131 ~ wY