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�a�1a4�19 <br />NON COVENANTS Borrower and Lender fittther covenant and agree as follows: <br />17. Asaigdment of Rents. Bonower unconditionally assigns and transfers to Lender all the rents and rev� <br />afthe Properiy, Bonower suthorizes Lender or Lender's agents to collect the rents and revenues and hereby directs <br />each tenant of the Progeriy to pay the rents to Lender or I.ender's ageats. However, prior ta Lender's notice to <br />Borrower of Borrower' s breach of any covenant or agteement in the Security Instrnment, Borrower ahall collect and <br />receive all rents and revenues of the Properiy es tnutee for the benefit of Leader and Bonowet. This assignment of <br />rents constitirtes an absolute assig�ment and not aa assignment for addiflonal sec�mty only. <br />If Lender gives notice of breach to Borrower: (a) all rents received by Borrower shall be held by Borrower as <br />hvstee for benefit of Lender only, to be applied to the sums seanred by the Security Instrument; (b) Lender shall be <br />entitl� to collect and receive all of the rents of the Property; and (c) each tenant of the Property shall pay all rents <br />due and impaid to Lender or Lender's agent on Lender's written demand to the tenant <br />Bonower ltas not �ecuted any prior assignment of the rents and has not and will not perform atry act tUat would <br />prevent Lender from exercising its rights under this paragraph 17. <br />Lender shall not be requiitted to enter u�n, take co�ol of or ma;nrA;n the Property before or af�er giving notice <br />of breach to Borrower. However, Lender or a judicially appointed receiver may do so ai any time there is a breacb. <br />Any application of tents shall not cure or waive any default or invalidate any othet 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. Foreclosare Procednre. If Lender reya9res immed�ate payment in full nnder paragraph 9, Lender may <br />invoke the power of eale and any other remedf� pemiltted by $ppHcable law. Lender ahell be enHtled to coDect <br />all eapenses incnrred in pnrsaing the remedia provlded in this paragraph 18, inclndiag, b� not Hmited tq <br />r�asonable attoraeys' fe� and costs of tiHe evldence. <br />If the power of sale is invoked, Trustce ahall record a notice of defanit in each coanty in which any part of <br />t4e Propert} is located and shall mail copies of sach notice in tfie nnanner prescHb� by appHceble law to <br />Borrower sod to Yhe other persons prescribed by appHcable law. After the Hme reqnired by appllcable law, <br />Trastee, ahall give pnblic noflce of sale to the peraons and in the maoner prescrlb�l by appllcable law. Trastee, <br />wlthotrt demand on Borrower, shall seII the Properiy at pnblic anction to the higLest bYdder at the Ume and <br />place and under the terms de�ignated in t6e noHce of sale in one or more parcels and in any arder Trastee <br />determines. Trastee may postpone sale of all or any percel of the Progerty by pnblfc annonncement at the time <br />and place of any previone[y schedoled saie, Lender or its designee may patchase the Property at any sale. <br />Upon receipt of payment of t6e prlce b9d, Trastee ahall deliver to the parchaser Trustee's dewl conveying <br />tbe Property. The recitals in the Trastee's deed shall be prima facie evidence of the truth of the atatements <br />made therein. Trastce s6all apply the proceeds of the saie in the foIIowiug order: (a) to all costs and eapenses <br />of eaercising the power of sale, and the sale, inclnding the payme� of the Trnstee' a fees acfia➢y incnrred and <br />reasonable attorneys' fees as permitted by appflcable law; (b) to ell sama secnred by t6is Secnrity Inshvment; <br />and (c) any eacesa to t6e person or persona legaIly entidefl to iL <br />If t6e Lender's intereat in tLis Secnrity Inatrument is held by t6e Secretary and the Secretary reqaires <br />immediate payment in fall nnder paragraph 9, the Secretary may invoke the nonjadicial power of sale pmvided <br />in the Single Famfly Martgage Foreclosure Act of 1994 ("Act") (12 U.S.C. 3751 et se .) by reqaeaf3ng a <br />foreclosure commi.4sioner de�lgnatal anderthe Act to commence forecl�nre and to seD the Property as provided <br />in the Act Nothing in the preceding sentence sLall deprive the S�retary of any rig6ts otherwise avatlable ta <br />a Lender ander this paragraph 18 or appHcable Iaw. <br />19. Reconveyance. Upon payment of all sums securedbq this Security Instrument, Lender shall request Trustee <br />to reconvey the Property and shall surrender this Security Instrument and all notes evidencing debt secured by this <br />Seciuity Insh�ument to Trustee. Trustee shall reconvey the Property without werranty to the person or persons legally <br />enti8ed to it Such person or peraons ahall pay any recardation costs. Lender may charge such person or persons a <br />fee for reconveying the Property, but only if the fee is paid to a third party (such as the Trustee) for services rendered <br />and tha charging of the fez is permitted under applicable ]aw. <br />20. Sabstitate Trust�. Lender, at its option, may from time to time remove Trustee and �point a succesaor <br />trust� to any Trustee appointed hereunder by an inslrutnent recorded in tfia county in wlrich f.his Security Insh�ument <br />is recotded. Without conveyance of the Properly, the successor hvstee shall succeed to all the title, power and duties <br />conferred upon Trustee herein and by applicablelaw. <br />21. Request for Noticea. Bonower requests t.�at copies of the notice of default and sale be sent to Borrower's <br />address which is the Properiy address. <br />Z2. Ridera to this 5ecurlty Inshvment If one or more riders are eacecuted by Borrower and recorded together <br />with this Security Instr�ment, the covenants of each such rider svall be incarporated into and shall amend and <br />supplement the covenants and ageements of this Security Inslrument as if the rider(s) were a part of this Security <br />Instrument. <br />[Check applicable box(es)j <br />❑ Condominium Rider � Graduated Payment Rider � Crrowing Equit3' Rider <br />� Planned Unit Development Rider � Adjustable Rate Rider � Rehabilitation Loan Rider <br />❑ Non-Owner Occupancy Rider � Other ISP��YI <br />Borrower Initials: ,� <br />FHA N�RASKA D� OF TRUST - MERS <br />NmOTZ.FHA Ob/23/11 page b of 7 W ���j� <br />alal�l Ipll II �I Ila I i Q I� 01I ii�ll III� I� <br />