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2oii0003s remedy shall not be a waiver af or preclude the sxercise of any right or remedy. 15. Successors and Assigns Bound; Jaint and 5everal Liability. Borrower may not assign any rights or obligations under this Security Instrument ar the Second Note, except to a trust that meets the requirements of the Secretary. Borrower's covenants and agreements shall be joint and several. 16. Natices. Any notice to Borrawer provided for in this Security Instrument 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 all Borrowers jointly designate. Any natice to the Secretary shall be given by first class mail ta the MUD Field Office with jurisdiction over the PropeRy or any other address designated by the Secretary. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this Paragraph 16. 17. Governing Law; Severabile#y. This Security Instrument shall be govemed 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 Second Note conflicts with applicable law, such canflict shall not affect other provisions of this 5ecurity Instrument or the 5econd Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Second Note are declared to be severable. 18. Borrower's Copy. Borrower shall be given one canformed copy of the 8econd Note and this Security Instrument. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and agree as follows: 19. Assignment af Rents. Borrower unconditionally assigns and transfers to Lender all the rents and revenues of the Property. Barrower authorizes Lender or Lender's agents to callect the rents and revenues and hereby directs each tenant af the Proparty to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach af any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Praperty as trustee for the benefit of Lender and Borrower. This assignment of rents constitutes an absolute assignment and not a assignment for additianal security only. If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as trustee for benefit af Lender only, to be applied to the sums secur�;d by this Security Instrument; (b) Lender shall be entitled to callect and receive all of the rents of the Property; and (c) each tenant af the Property shall pay all rents due and unpaid to Lender or L�nde�r's agent on Lender's written demand to the tenant. Bvrrower 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 Instrument. Lender shall not be required to enter upon, take control of or maintain the Property before or after giving notice of breach to Borrower. Hawever, l.ender or a judicially appointed receiver may da sa 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 assignment of rents of the Property shall terminate when the debt secured by this Security Instrument is paid in full. II IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII q032257922601172q00pOqpw Mortgage Cadence, LLC t� 0279 (07107) (7 of 8) Nebraska Second Deed o( Trust - H�CM FIXED RATE