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2oiooso9s 12. Successors and Assigns Soand; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of Paragraph 9(b). Borrower's covenants and agreements shall be joint and several. Any Boarcower who co-signs this Security Instxument but does not execute the Note: (a) is co-signing this Security Instruznent only to mortgage, grant and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrurnent; and (c) agrees that Lender and any other Boz�rower may agree to extend, rnodify, forbear or nnake any accommadations with regard to the terms of this Security Instrument or the Note without that Borrower's consent. 13 NbtICPS Any notice to Borrawer provided for in this Securiry Instrument shall be given by delivering it or by mailing it by first class mail unless applicable lavv requires use of another methad. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any natice to Lender shall be given by first class mail to Lender's address stated herein or any address Lender designates by notice to Borrower. Any notice provided for in this Securiry Instrument shall be deemed to have been given to Boz7 or L.ender when given as provided in t�is paragraph. 14. Governing Law; Severability. This Security Instrument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that at�y pravision or clause of this Securiry Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note �vhich can be given effect without Cl�e conflicting provision. Ta this end the provisions af this Security Instrurnent 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 Instcument. lb. Hazardous Substances. Borrower shall not cause or permit the presence, use, disposal, storage, or release of any Hazardous Substances on or in the Praperty. Borrower shall not do, nor allow anyone �lse to do, anything affecting the Property that is in violation of any Environmental Law. The precediz�g two sentences shall not apply to the presence, use, or storage on the Property of small quantities of Hazardaus Substances that are generally recognized to be appropriate to normal residential uses and to maintenance of the Pxoperty. Borrower sha11 promptly give Lender written anotice of any investigation, claim, dernand, lawsuit or other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law of which Borrower has actual lrnawledge. If Borrower learns, or is notified by any governmental or regulatory authority, that any removal or other rernediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary xemedial actions in accordance with Environmental Law. As used in this Paragraph 16, "Hazaxdaus Substances" are those substances defined as toxic or hazardous substances by Environmental Law az�d the following substances: gasoline, kerosene, otkaer flammable or toxic petroleurn praducts, toxic pesticides and herbicidas, volatile solvents, materials containing asbestos ar formaldehyde, and radioactive nnaterials. As used in this Paragraph 16, "Environmental Law" means federal laws and laws of the jurisdiction where the Property is located that relate to health, safety or envirozimental protection. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 17. Assignrnent of Rents. Borrower unconditionally assigns and trans:fers ta 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 Properiy to pay the xents to I.ender or Lender's agents. However, prior to I...ender's notice to Borrower of Borrower's breach of any coven.ant or agreement in the Security Instrument, Bonrower shall callect and receive all rents and revenues of the Pzoperty 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. Tf Lender gives notice of breach to Barrower: (a) all rents received by Borxower sha11 be held by Borrower as trustee for benefit of I.�nder only, to be applied to the 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 a11 rents due and unpaid to Lender or I..ender's agent on Lender's written demand to the tenant. Borrawer 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. GV2171-6 (696) Page 6 of 8 FHA Nebraska Deed of Trust I II�III II�II IIIII IIIII IIII' IIIII IIIII I'll� III�� IIIII II�) IIIIIII III IIIIII IIIII II�II IIIII IIII I'II J� 7, Q], � 6 8 9 3 4 G V 2 7, 7 1 / ,� •