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2oi�ools4 1111056927 modification of amortization of the sums securcd by tliis Sccurity Instrument grantcd by Lend�r to any successor in interest of f3orrowcr shall not operatc to release the liability of the original Borrower or Borrower's successor in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend timc for payment or othcrwisc modify amortization of thc sums secured by this Security Instrument by reason of any demand made by che original Borrower or Borrower's successors in interest. Any forbearancc by Lendcr in cxercising any right or rcmcdy shall not bc a waivcr of or prccludc thc exercise of any right ar remedy. 12. Successprs and Assigns Bound; Joint and Several Liability; Co-signers. The covcnants and agrecments of this Security Instrument shall bind and benefit the successors and assigns of Lender and Barrower, subject to the provisions of paragraph 9.b. Borrawer's covenants and agreements shall be joint and several. Any Borrower who co-signs this Security lnstrument bui does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the property under the terms of this Security Instrument; (b) is nat persanally abligated ta pay the sums s�cured by this Security Tnstruinent; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbcar or make any accommodations with regard to the terms of this 5ecurity Instrument or the Npte without that Bprrower's consent. 13. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unlcss applicable law requires usc of another mcthod. The noticc shall bc dircctcd to thc Property Address or any other addre�s Borrower designates by notice to Lender. Any notice to I,ender shall be given by first-class mail to Lcndcr's address stated hcrcin or any address Lcndcr dcsignatcs by noticc to Borrowcr. Any notice provided for in this Security instrument shall be deemed to h�ve been given to Borrower or Lender when given as provided in this paragraph. 14. Governing Law; Severability. This Sccurity lnstrumcnt 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 thc Notc conflicts with applicable law, such conflict shall not affect other provisians of'this Security Instrument or the Note which can be given cFf�cc without the con(licting provision. To this �nd the provisions of this Security Instrwnent and the Note are declared to be severable. 15. Borrower's C.opy. Borrower shall be given one conformed copy pf this 5ecurity Instrument, 16, Hazardous Su6stances. Borrowcr shall not cause ar permit the presence, use, disposal, storage, or release of any Hazardous Substlnces on ar in the Property. Borrower shall not do, nor allow anyona else to do, anything affecting thc Property that is in violation of any Environmental Law. The prece:ding two sentenccs shall not apply to thc prescnce, use, or storage on thc Property pf small quantities of Hazardous Su6stances that are generally recognized tp be appropriate to normal residential uses and to maintenance of the Property, f3orrowcr shall prvmpily give Lender written noticc of any investigation, claim, demand, lawsuit ar other action by any governmental or regulatory agency or private party involving the Property and any Hazardous Substance or Environmental Law af which Borrower has actual knowledge. If Borrawer learns, or is notitied by any governmental or regulacory authority that any removal or other remediation of any Hazardous Substances affecting the Property is necessary, Borrower shall promptly take all necessary remedial actions in accordance with �nvironmental Law. As us�d in this paragraph 16, "Hazardous Substances" are those substances defined as toxic or hazardous substances by Environmental Law and the fallowing substances: �;asaline, kerosene, other flammable or toxic petroleum products, toxic pesticidcs and herbicidcs, volatile solvents, materials containing asbcstos or formaldehydc, and radioactive materials. As used in this paragraph 16, "Environmental Law" means federal laws and laws pf the jurisdictipn where the Property is located that relate to health, safety or cnvironmental proiection. NON-UNIFORM COVGNANTS. Borrower and Lender further covenant and a�ree as f'ollows: 17. Assignment of Rents. Borrower unconditionally assigns and transfers to Lender all the rents antl revenucs of thc Property. Borrower authorizes Lender or Lender's agents to collect the rents and revenues nnd hereby directs each tenant nF lhe Property to pay th� rents to Lender or I.ender's agents. However, prior to Lendcr's notice to Borrower of E3orrower's breach of any covenant or a�reement in the Security [nstn�ment, Borrower shall collect and receive all rents �nd revenues of ihe Property as trustee for the benefit of C.ender and Borrower. This assignment ot'rents constitutes an absolute assignmcnt and not an assignment for additional security only. If' Lender gives notice of breach to Borrower: (a) all rents received by Barrawer shall be held by Borrower as trustee FHA Nebrasku Deed OT Trust - 07/08 � 391.6 Page S of 7