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��1��D��i� Second Security Instrument or to take actions ta preserve the value of the Property, even though Lender may be unable to collect amounts owed under the Nate because of restrictians in this paragraph 13. 14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 15. Successors and Assigns Bound; Joint and Several I.iability. The covenants and agreements af this Security Instrument shall bind and benefit the successors and assigns of Lender. Borrawer may not assign any rights or obligations under this Security Instrument ar under the Note, except to a trust that meets the requirements of the Secretary. Borrawer's covenants and agreements shall be joint and several. 16. Notices. Any notice to Borrower provided for in this 5ecurity Instrument shall be given by delivering it or by mailing it by frst class mail unless applicable law requires use of another methad. The notice shall be directed to the Property Address or any other address all Borrowers jointly designate. Any notice to Lender shall be given by first class mail ta Lender's address stated herein or any addr�ass Lender designates by notice to Borrower. Any notice provided for in this 5ecurity Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this Paragraph 16. 17. Governing Law; Severability. 7his Security Instrument 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 Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given efFect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 1$. Borrower's Capy. Borrower shall be given one conformed copy of the Note and this Security Instrument. NON-UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 19. Assignment of Rents. Borrower uncanditionally 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 �f the Praperty to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall callect and receive all rents and revenues of the property as trustee 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 Barrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit of Lender only, to be applied to the sums secured by this Security Instrument; (b) Lender shall be entitled ta 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 Lendar ar Lender's agent on Lender's written demand ta the tenant. Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would prevent l.ender from exercising its rights under this Paragraph 19. Lender shall not be required to enter upon, take control of or maintain the Property before or after II I IIIIIIIIIIIIIIIIIII�III�IIIIIIIIIIIIIIIIII�II�IIIIIII�IIIIIIIIIIIIII III III q0322S79226qQ2�300Q0000L Mortgage Cadence, LLC � 0228 07/07 (7 of 1p) Ne6raska Deed of Trust HECM FIXED RA7E