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201000872 0116044413 However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lendcr anal Borrower. 'this assignment of rents constitutes an absolute assignment and not an assignment for additional security only. If Lcndcr gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by 13orrawer as trustee for benefit of Lender only, to be applied to the sums secured by this Security lnstrumcnt; (b) Lcndcr shall be entitled to collect and receive all of the rents of the Aroperty; and (c) each tenant of the Property shall pay all rents 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 has not and will not perform any act that would prevent Lender from exercising its rights under this Paragraph 19, except as provided in the First Security lnstrumcnt, Lendcr shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to [3arrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. Any application of rents shall not curt or waive any default or invalidate any other right or remedy of Lendcr. This assignment of rents of the Property shall terminate when the debt secured by this Security Instrument is paid in full. 20. ~"oreclosure Procedure. If Lender requires immediate payment in full by Paragraph 9, Lender at its option may require immediate payment in full of all sums secured by this Security Instrument without further demand and may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this Paragraph 20, including, but not limited to, reasonable attorneys' fees costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county in wh-ch any part of the Property is located and shall mail copies of such notice in the matter 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 and in the manner prescribed by applicable law. Trustee, without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and place and under the terms designated in the notice of sale in one or more parcels and in any order Trustee determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time and place of any previously scheduled sale. Lender ow its designee may purchase the Property at any sale. Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and reasonable attorneys' fees as permitted by Applilcable Law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person legally entitled to it. 21. Lien Priority. The full amount secured by this Security h~strument shall have a lien position priority subordinate only to the full amount secured by the First Security Instrument. First American Loan Production Services Nebraska Hl;CM ARM Second Security Instrument d]2008 First American Real Estate Solutions LLC F'ALPS# NE:F#>;CM251A-7 Rev. 04-30-09 Pagc 7