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�0110393� commencement of a current farecFosnre proc�ding, (n� reinstatement will preclude foreclasure on different grounds iva the fut�ra, or (rii) reinstatement wilt adversely affect the priority of fhe li.en created. by this Securiiy Instnament. 11. Borrower Not Released; F`orb�rance by Lender Not a W aiver. Extension of the time of paytnent or modificat�ion of amortization of t3�e sums secured by this Security Instrament granted by I.endex to any successor in 'vaterest of Borrower shall not operate to rejease the liability of tlie original Borrower or Borrower's successors in interes�t. Lender sb.all not be required to comnaence proceedings agamst auy successor in interest or refuse to extend tiu�e foz payment or otherwise modify amartazation of tlie swns secvred by thiis Security Instxu�ent by reasan of any deman@ made by t�e origin.al Bonrower or Bazxawez's successozs i.0 iaateres�t. A.ny forbearance by Lender in exercisiug xny night or rsmedy shall not be a waiver of oz preclade the exercise of a�ny right or remedy_ 12. Successors and Assigns Bound; Joiw�t and Several Liability; Co-Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors aad assitgns o€ Lender aad 13orrower, subject to the provisions of paragraph 9(b}. Borrower's covenants and agresments shall be joint and several. Any Borrower who co-signs this Secarity Tnsirument but does not execute �e Note: (a) is co-signiag t1�is Security Tustrument only to mortgage, grant aud con�ey that Bozrower's interest in the Property under the terms of this Security Inst�vment; {b} is not g�rsonally obligated to pay f�e sums secured by t�is Security Instruanent; and (c} agrees that Lender aud any other Banower may agree to extend, modify, forbear or malce any accommodatians with regard ta the teims af this Securi,ty Inst�w�nent or tb.e Note witbout that Borrower's consen� 13. Notices. .Any not�ce to Bozxower provided for in ti�is Security lnstrument shall be given by delivering it or by mailing it by fu�st c2ass maii unless applicable Iaw zequires use of another method.. 'Fhe notice shall be directed to the Property Address or any other address Borrowe�r deszg�akates by natice to Lender. Any notice to Lender sha11 be given 1oy first class mail to Leader's address stated. herein or any address Lender designates by notice to Borrawer. Any notice provtded for in #ixis Security Instrument shall be deemed to have been given to Borrower ar Lender when given as provided in this paragraph. 14. Governiwg Law; Severability. This Security Instnunent shall he governed by federal law and f�e la.w of the jurisdiction in which the Properiy is Iocated. Tn tlie event tha# any provision or clause of this Security Tnsirument ar the Note conflicts with applicabie Iaw, such conflict shall not affect other provisions of tb.is Security Instrume�nt or the Note which can be given effect without the conflzcting provision. Ta tbis end the provisions of this Security Instrument and t�e Note are declazed to be severable. 15. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Securiiy Instrument 16. Hazardoas Substances. Borrower shall not cause or permit the presence, use, disposal, storage, ar release of any Hazardous Substances an or in the Property. Borrower shall not do, nor allaw anyone else to do, anything affecting the Property that is in violation of any Envirozu�nenta.l Law. The �receding two sentences shall uot apply to the preseztce, use, or storage on tk►e k'xoperty of small quantitaes of Hazardous Substances that are gener�lly recogivz�d to be appropriate to normal residentzal uses aud to maantenance of the Property. Borrower shall prompfly give Lender written notice of any investigation, claim, demand,lawsuit or other action by any governmental or regulatory agency ox' private party izuvolving the kroperiy and any Hazardous Substance or Environmental Law of which Barrower has actual l�owledge. If Borrower leac�s, or is notified by any governmental or regulatory authority, that any removal or other remediation of any Hazardons Substances affecting the 1'roperiy is necessary, Borrower shall promptSy take all necessary remediat actions in accordance with Environniental Law. As used in tb�is paragraph 16, "Hazardous Snbstances" are those snbstances defined as toxic or hazardous substances by Envzronmental I.aw and tlxe fdlowi�ag substances: gasoline, ke�rosene, odier flammable or toxic petroleum products, toxic pestici�des and herbicides, volati]e solveuts, mate�rials couta.iniaag asbestos or formaldehyde, and radioaccive materials. As used in ttiis paragaph lb, "Environmental Law" means federal Iaws and laws of t�e jurisdiction �c�vheze the Property is lacated that relate to health, safety or environmental pratection. NON-UNCFORM COVENANTS. Borrawer and Lender further covenant �d agree as follows: i7. Assignment of Rents. Borrower unconditionatly assigns and tr�nnsfers to Lender all tJ�e rents and revenues of the Propezi,y. Borrower authorizes Lender oz I,ender's agenrs ta collect tlae rents and reve�ues and hereby directs each tenant of tbe Property to pay tY�e rextts to Leader ox I.ender's agents. However, prior to I.ender's notice to Bonrower of Borrower's breaeh af auy covenant ar agreement in tl�a Security utst�vment, Borrowe�r shall collect and r�eive ali rents and revenues of the Property as trustee for the benefit of T,ender and Borrower. This assi;nment of rents constatutes an absolute assignment and not an assignment for additional security only. If Lender gi�ves not�ca of breach to Borrower: (a} all rents received by Borrowar shall be held by Borrower as trustee for benefit of Lender only, to be applied to tlze sums secured by ttie Security instaument; (b) Lender shall be entitled to collect 1�TEB12A.SKA RHA DEED OF TBUST NEBRASKA-MERS �„ � s,o,�> BAYNE,C0000431353 6d96 GreatDoes° a o�na3�� ,. , . . . . , .� . , , ....� .. , � ..�ss�a�