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20110Q163 Insh or to take actions to preservc the valuc of the Property, even though Lender may be unable tp collect arnounts owed under the Note because of restrictions in this Paragaph 13. 14. Forbearance by Lender Not a Waiver. Any forbearance by Lender in cxercising any right or remedy shall npt bc a waiver of, or preclude the exercise of, any right or remedy. 15. Successors and Assigns Bound; Joint and 8everal Liability. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assi�,ms of Lcndcr. Borrower may iiot assign any rights or obligations under this Security Instrumctit or undcr the Note, except to a trust that meets the requirements of thc Secrctary. Borrower's covenants and agreements shall be joint and several, 16. Notices. Any notice to Borrower provided far in this Sccurity Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. Thc notice shall be directed to the Property Address or any other address all Borrowers jointly designate. Any notice to Lcynder shall be given by first class mail to Lender's address statcd hcrcin or any address Lender designates by notice to Borrowcr. 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. Govcrning Law; Severability. This 5ecurity Inshument shall be governed by Federal law and the law of the jurisdiction in which the Property is located. In the event that any provisinn or clause of this Security Instrument or the Note conflicts with applicablc law, such conflict shall not af�'ect other provisioas of this Security Instrument or the Note which can be given effect without the conflicting provisipn. Ta this c,•nd thc provisirnis of this Security Instrument and thc Nntc are declared to be severable. 1$. Borrower's Copy. Borrower sl�all be given one conformed copy of the Note and this Security Instrument. NON-UNIFORM COVENANTS. Borrower and Lender further covenant and a�'►'ec as f'ollows: 19. Assignment of Rents. Borrower unconditionally assigns and transfcrs tp Le�ider all the rents and revenues of the Praperty. Borrower authorizcs Lcnder or Lender's agents to collect the rents and revenucs and hereby directs each tenant of thc Property to pay the rents to Lender ar Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrowcr shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lcyndcr and Borrower. This assignment of rents cpnstitutes an absolute assignmcnt and not an assignment for additional security only. If Lender gives notice of breach tn Borrower: (a) all rents received by Borrower shall be held by Borrower as Trustee for bc.°nefit of Lender only, to be applied to the sums secured by this Security Instrument; (b) Lender shall be entitled to collect and receive all of the rents af the Property; and (c) each tenant of the Property shall pay all rcnts due and unpaid to Lcndcr or Le�ider's agent on Lender's written demand to the tc,•nant. Borrowc,�r has not executed any prior assignment of thc rents and has not and will not perform any act that would prevent I,ender from excrcising its rights under this Paragraph 19. Lcnder shall not bc required to enter upon, take control of or maintain thc Property before or after givin� noticc of breach to Bprrawcr. 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 aiiy 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 Instnunent is paid in full. 20. Foreclosure Proceduce. If Lender requires imrnediate payment in full under Pa�ragraph 9, Lender may invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect all expenses incarred in pursuing the remedies provided in this Paragraph 20, 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 in which any part of the Nebraska 1'� Deed of Trust (Fixed)