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20f1�12G3 <br />receive all rents and revenucs of thc Properry as trustee for thc benefit of Lender and Borrower. This assignment of <br />rents constitutes an absolute assignment and not an assignment for additional sewrity only. <br />If Lender gives notice of breach to Borrower. (a) all rents received by Borrower shall be held by Borrower as <br />trustee for benefit of Lender only, to bc applied to the sums secured by the Security Instrument; (b) Lender shaU be <br />entitled to collect and receive all of the rcnts of the Properry; and (c) each tenant of the Property shall pay all rents <br />due and unpaid to Lender or Lender's agent on Lendcr's written demand to the tenant. <br />Borrower has not executed any prior assignment of the rents and has not and will not perform any act that would <br />prevent Lender from exercising its rights under this paragraph 17. <br />Lender shall not be requircd to enter upon, take control of or maintain the Property before or after giving notice <br />of breach to Borrower. However, Lender or a judicially appointed receiver may do so at any time there is a breach. <br />Any application of rents shall not curc or waive any default or invalidate any other right or remedy of Lender. This <br />assignment of rents of the Property shall terminate when the debt secured by the Security Instrument is paid in full. <br />18. Foreclosure Procedure. If Lender requires immediate payment in full under paragraph 9, Lender may <br />invoke the power of sale and any other remedies permitted by applicable law. Lender shall be entitled to collect <br />all expenses incurred in pursuing the remedies provided in this paragraph 18, including, but not limited to, <br />reasonable attorneys' fees and costs of tiNe evidence. <br />If the power of sale is invoked, Trustee shall record a notice of default in each county in which any part of <br />the Property is located and shall mail copies of such notice in the manner prescribed by applicable law to <br />Borrower and to the other persons prescribed by applicable law. After the time required by applicable law, <br />Trustee, shall give public notice of sale to the persons and in the manner prescribed by applicable law. Trustee, <br />without demand on Borrower, shall sell the Property at public auction to the highest bidder at the time and <br />place and under the terms designated in the notice oi sale in one or more parcels and in any order Trustee <br />determines. Trustee may postpone sale of all or any parcel of the Property by public announcement at the time <br />and place of any previous{y scheduled sale. Lender or its designee may purchase the Property at any sale. <br />Upon receipt of payment of the price bid, Trustee shall deliver to the purchaser Trustee's deed conveying <br />the Property. The recitals in the Trustee's deed shall be prima facie evidence of the truth of the statements <br />made therein. Trustee shall apply the proceeds of the sale in the following order: (a) to all costs and expenses <br />of exercising the power of sale, and the sale, including the payment of the Trustee's fees actually incurred and <br />reasonabl6 a�@eys' fees as permitted by applicable law; (b) to all sums secured by this Security Instrument; <br />and (c) any excess to the person or persons legally entiUed to it. <br />If the Lender's interest in this Security Instrument is held by the Secretary and the Secretary requires <br />immediate payment in full under paragraph 9, the Secretary may invoke the nonjudicial power of sale provided <br />in the Single Family Mortgage Foreclosure Act of 1994 ("Act'� (12 U.S.C. 3751 et seq.) by requesting a <br />foreclosure commissioner designated under the Act to commence foreclosure and to sell the Property as provided <br />in the Act. Nothing in the preceding sentence shall deprive the Secretary of any rights otherwise available to <br />a Lender under this paragraph 18 or applicable law. <br />19. Reconveyance. Upon payment of all sums secured by this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrendcr this Sccurity Instrument and all notes evidencing debt secured by this <br />Sccurity Instrument to Trustee. Trustee shail reconvey the Property without warranty to the person or persons legally <br />entitled to it. Such person or persons shall pay any recordation costs. Lender may charge such person or persons a <br />fee for reconveying the Property, but only if the fec is paid to a third party (such as the Trustee) for services rendered <br />and the charging of the fee is permitted under applicable law. <br />20. Substitute Trustee. Lcnder, at its option, may from time to time remove Trustee and appoint a successor <br />trustee to any Trustee appointcd hcreunder by an instrument recorded in the county in which this Security Instrument <br />is recordcd. Without convcyance of thc Property, the successor trustec shall succced to alI the title, power and duties <br />conferred upon Trustce hercin and by applicabic law. <br />21. Request for Notices. Borrower rcquests that copics of the noticc of default and sale be sent to Borrower's <br />address which is thc Property address. <br />22. Riders to this Security lnstrument. If one or morc riders are executed by Borrower and rewrded together <br />with this Securiry Instrument, thc covcnants of each such rider shall be incorporated into and sha]] amend and <br />supplement the covenants and agreements of this Security Instrumcnt as if the rider(s) were a part of this Security <br />[nstrument. <br />[Check applicablc box(es)] <br />� Condominium Ridcr <br />� Planned Unit Development Rider <br />� Non-Owncr Occupancy Rider <br />� Graduatcd Payment Rider <br />� Adjustablc Ratc Rider <br />� Othcr [Spccify] <br />� Growing Equity Ridcr <br />� Rehabilitation Loan Rider <br />FHA NEBRASKA DEED OF TRUST - MERS <br />NF�OTZ.FHA 11I01/OS <br />Page 5 of 7 <br />DocMagic H�,-TVmn� 800 <br />www.docmagic.com <br />,� <br />