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20110945� Property, wiless Borrower and Lenders otherwise agree in writing, the sums secured by this Security Instrument sha11 be reduced by the amount of the proceeds multiplied b� the following fraction: (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or � after notice by Lenders to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lenders within 30 da.ys after the da.te the notice is given, Lenders are authorized to collect and apply the proceeds, at their option, either to restore or regair the Property or to pay the sums secure,d by this Security Insm�ment, whether or not then due. Unless Lenders and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the yearly payments referred to in paragraph 1 or change the amoum of such payments. 9. Borrower Not Relea.sed; Forbearance by Lenders Not a VVaiver. Extension of the time for payment or modificaxion of amortization of the sums secured by this Security Instrument grarned by Lenders to any successor in interest of Borrower shall not operate to release the liability of the original Bonower or Borrower's successors in interest. L,enders shall not be required to commence proceedings against any successor in i�terest or refuse to extend time for payment or otherwise modify amortization of the sums secured by tlus Security Instrument by reasan of any demand made by the original Borrower his successors in interest. Any forbearance by Lenders in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 10. Successors and Assigns Bound; Joint and Several Liability; Casigners. The covenants and agreements of tlus Security Instrument shall bind and benefit the successors and assi,�ns of Lenders and Borrowers. Borrower's covenants and agreements shall b� joint and several. Any Borrower who co-signs this Security Instrument but does not execute the Note: (a) is co-signing this Security Instrument only to mortgage, grant and convey that Borrower's interest in the �'roperiy under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) a�rees that Lenders and any other Borrower may agree to extend, modify, forbeaz or make any accommodations with regard to the terms of this Secunty Instiument or the Note without that Borrowers' consent. 11. Notices. Any notice to Borrower provided for in tltis Security instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another methori. The notice shall be directed to the Property address or any otl�er address Borrower designates by notice to Lenders. Any notice to Lenders shall be given by first class mail to Lenders' address stated herein or any other address Lenders desi�nates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lenders when given as provided in this paragraph. 12. Governing Law; Severability. This Security Instrument shall be governed by federal la,w and the law of the Staxe of Nebraska. In the event that any provisian or clause of tlus Security Instrument or the Note conflicts with applicable law, such conflict shall not a�ect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the Note are declared to be severable. 13. Borrower's Copy. Borrower shall be given one conformed copy of the Note and pf this Security Instrument. 14. Transfer of the Property or a Beneficial Interest in Bonower. If all or any pa,rtt of the Property or any interest in it is sold or transferred (or i� a beneficial interest in Borrower xs sold or transferred and Bonower is not a natural person) without Lenders' priar written consent, Lenders may, at their option, require imme,diate payment in fiall of all sums secured by this Security Instnunent. However, this option shall not be exercised by Lenders if exercise is prohibited by federal law as of the date of this Security Instrument. If Lenders exercise this option, Lenders shall give Borrower notice of acceleration. The notice shall �rovide a periorl of not less than 30 days from the da.te the notice is delivered or mailed within wluch Borrower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to the expiration of this period, Lenders may invoke �.ny remedies permitted by this Seourity Ittstrument without fiuther notice or demand on Borrower. 15. Borrower's Right to Reinstate. If Borrower meets certain conditions, Bonower shall have the right to have enforcement of tbis Security Instrument discontinued at any time prior to the earlier of: (a) 5 da.ys (or such other period as applicable law may spe,cify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Secunty Instrument; or (b) entry of a judgment en�orcuig this Secunty Instrument. Those conditions are that Borrower: (a) pay Lenders all sums which then would be due under this Security Instrument and the Note ha.d no acceleration occurred; (b) cure any default of any other covenants or agreements; (c) pay all expenses incurred in enforcuig this Secunty Instrumem, mcluding, but not limited to, reasonable attomeys' fees; and (d) take such action as Lenders may reasonably require to assure that the lien ofthis Secunty Instnunent, Lenders' rights in the Property and Borrawer's obligation to pay the sums secured by this Security