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~oioo44so receive all tents and revenues of the Property as trustee for the benefit of Lender and $orrower. This assignment of rents constitutes an absolute assigument and not an assigument for additional security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by $orrower as trustee for benefit of Lender only, to be applied to rite sums secured by the Security Instrument; (b) Lender shall be entitled to collect and 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 demand to the tenant. $orrower has not executed any prior assigmnent of the rents and has not and will not perform any act that would prevent Lender from exercising its rights under this paragraph 1'7. 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 other right or remedy of Lender. This assigument of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. 18. Foreclosure Procedure. If Lender requires immediate paytuent in full under paragraph 9, Lender may invoke the power of sale artd any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, reasonable attorneys' fees and costs of title evidence. If the power of sale is invoked, Trustee shall record a notice of default in each county iu which any part of the Property is located and shall mail copies of such notice in the 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 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 ar more parcels and iu 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 or 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 decd conveying the Property. The recitals in the Trustee's decd shall be prima facie evidence of lbe truth of the statements made therein. Trustee shall apply the proceeds of rite 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 reasonabl6 al~di•6eys' fees as permitted by applicable law; (b) to all sums secured by this Security Instrument; and (c) any excess to the person or persons legally entitled to it. If the Lender's interest in this $ecurity Instrument is held by the Secretary and the Secretary requires immediate payment in full under paragraph 9, the Secretary may invoke the nonjudicial power of sale provided in the Single Family Mortgage Foreclosure Act of 1.994 ("Act") (12 U.S.C. 3751 e. t seq.) by requesting a foreclosure commissioner designated under the Act to cotttmeuce foreclosure and to sell the Property as provided in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to a Lender under this paragraph 18 or applicable law. 19. Reconveyance, Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee to teconvey the Property and shall surrender this Security lnstrument and all notes evidencing debt secured by this Security Instrument to Trustee. Trustee stroll teconvey the Property without warranty to the person or persons legally entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person of persons a fee far teconveying the Property, but only if the fee is paid to a third patty (such as the Trustee) for services rendered and the charging of the fee is permitted under applicable law. 20. Substitute Trustee. Lender, at its option, may front time to time remove Trustee and appoint a successor trustee to any "1"rustee appointed hereunder by an instrument recorded in the county in which this Security lnstrument is recorded. Without conveyance of the Property, the successor trustee shall succeed to all the title, power and duties conferred upon Trustee herein and by applicable law. 21. Request Tor Notices. $orrower requests that copies of the notice of default and sale be sent to Borrower's address which is the Property address. 22. Riders to this Security Instrument. If one or mute riders ate executed by Borrower and recorded together with this Security lnstrument, the covenants of each such rider shall be incorporated into and shall amend and supplement the covenants and agreements of this Security lnstrument as if the rider(s) were a part of this Security Instrument. [Check applicable box(es)] ~ Condominium Rider [~ Graduated Payment Rider ~ Growing Equity Rider ~ Planned Unit .Development Rider [] Adjustable Rate Rider ~ Rehabilitation Loan Rider [] Non-owner Occupancy Rider [] Other [Specify] FHA NEBRASKA DEED OF TRUST -MFRS DocMagic ~r .omA1S7~5 eoo-sas-lssz NEDOTZ.FHA 11101/08 Page 5 of 7 www.dxmagic.com r v ~