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201109223 (i) Be required to pay amounts owed under the Note,o�•pay any rents and reve��ues of the Property under Paragraph 19 to Lender or a receiver oi'the F'roperty,until the Secretary has reyuired payment in full of all outstandingprincipal and accrued interest�mder the Second Note;or (ii) 13e obligated to pay i��terest or shat•ed appreciation under the Note at any time,whether accrued before or after the payments by the Seeretaiy, and whether or not accrued interest has been included in the principal balance under the Note. (d) No Duty of the Secretary. The Secretary has no duty to Lender to enforce covenants of the Second Security ]nstrument or to take actions to preseive the value of the Property,even though Lender may be unable to collect amounts owed under the Note because of restrictions in this Paragraph 13. 14. Forbearance by Len�ter Not a Waiver. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 15. Successors and Assigns Bound; Joint and Several Liability. The covenants and agreements of this Security Instrument shail bind and benefit the successors and assigns of Lender. Borrower may not assign any rights or obligations under this Security I��strumenti or undei- the Note, except to a trust that meets the requirements af the Secretary. Borrower's covenants and agreements shall be joint and several. 16. Notices. Any notice to Borrower provided for in this Security Instirument shall be given by delivering it or by mailing it by tirst class mail unless applicable law requires use of another method. "I'he notice shall be directed to the Property Address or any other address all Borrowers jointly designate. Any notice to Lender shall be given by first class mail to Lender's address stated herein �r any address Lender designates by notice to Borrawer. Any notice provided for in this Security Instrument shall be deemec� to have been given to Borrower or Lender when given as provided in this Paragraph 16. 17. Coverning Law; Severability. This Security Instrument shall be governed by Feder•al law and the law oi'the jueisdiction in which the Property is located. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or ' the Note which can be given effect without the conflicting provision. "l,o this end the provisions of this Security Instrument and the Note are declared to be severable. 18. �orrower's Copy. Bvrrower shall be given onc conPormed copy of the Note and this Security Instrument. NON-UNIF�RM COVENANT'S. Borrower and Lender further covenant and agree as iollows: 19. Assignment of Rentsa Bor�•ower unconditionally assigns and transfers to Lender all the rents and revenues oi' the Property. Borrower authorizes Lender or Lender's agents to eollect the rents and revenues and hereby directs each tenant of the Property to pay the rents to Lender or Lender's agents. However, prior to Lender's notice to Borrower of Borrower's breach of any covenant or agreement in the Security Instrument, Borrower shall collect and receive all rents and revenues of the Property as trustee for the benefit of Lender and 6orrower. This assignment of rents constitutes an absolut�assignment and not an assignment for additiona]security only. If Lender gives notice of breach to Borrower: (a) a11 rents received by B�orrower• shall be held by Borrower as Trustee for benetit of Lender only,to be applied to the sums secured by this�ecurity lnstrw�lent;(b)Lencler shai be entitled to collect and receive all of the rents oi'the Property; and(c) each tenant of the Propei�ty shall pay all rents due and unpaid to Lender or Lender's agent on Lender's written demand to the tenant. t3orrower has not executed any prior assigmnent of the rents and has not and will not perfoi�m any act lhat would prevent Lender from exercising its�-ights under this Paragraph 19. � Nebraska l�"Seceo•rh'Insb'ument �O Bav Docs,Ine.06/10 Page 6