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�� 1��� �'7 3`� <br />Loan No: 60188302 Data ID: 523 <br />Borrower shall be in default if any action or proceeding, whether civll or criminal, is begun that, <br />in Lender's judgment, could result in forfeiture of the Property or other material impairment of <br />L.ender's interest in the Property or rights under this SecurIty Instrument Bonower can cure such a <br />default and, if acceleradon has occuned, reinstate as provided in Section 19, by rausing the action or <br />proceeding to be dismisse3 with a ruling that, in Lender's judgment, precludes forfeiture of the Property <br />or other material impairment of Lender's interest in the Property or rights under this Security <br />Instrument The proceeds of any award or claim for damages that aze attn'butable to the impairment <br />of Lender's inter�t in the Property are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Properry shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Security Insuument granted by <br />L.ender to Bonower or any Successor in Interest of Borrower shall not operate to release the liability <br />of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence <br />proceedings against any Successor in Interest of Borrower or to refuse to egtend ume for payment or <br />otheiwise modify amortization of the sums secured by this Security Instrument by reason of any demand <br />made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by I.ender <br />in �ercising any right or remedy including, avithout limitadon, Lender's acceptance of payments from <br />third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then <br />due, shall not be a waiver of or preclude the e�ercise of any right or remedy. <br />13. Joint and Seveisl Liebility; Co-signers; Sncc�sors and Assigns Bound. Bonower covenants <br />and agrees that BorrowePs obligations and liability shall be joint and several. However, any Borrower <br />who co-signs this Security Insuument but does not ea�ecute the Note (a "co-signer"): (a) is co-signing <br />this Security Insuument only to mortgage, grant and convey the co-signer's interest in the Property <br />under the terms of this Security Instrument; (b) is not persoaally obligated to pay the sums secured <br />by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to e�xtend, <br />modify, forbear or make any ac�mmodadons with regard to the terms of this Security Insuument or <br />the Note without the co signer's consent <br />Subject to the provisions of Section 18, any Successor in Interest of Bonower who assumes <br />Borrower's obligations under this Security Insuument in writing, and is apprrnefl by Lender, shall <br />obtain all of Borrower's rights and benefits under this Security Instrument Borrower shall not be <br />released from Bonower's obligations and liability under this Security Instrument unless I.ender agrees <br />to such release in writing. The covenants and agraments of this Security Insuument shall bind (except <br />as provided in Section 20) and benefit the suc�essors and assigns of L.ender. <br />14. I.oan Cherges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument, including, but not limited to, attomeys' fees, property mspection and valuauon <br />fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge <br />a specific fee to Borrower shall not be construed as a prolu'bition on the charging of such fee. Lender <br />may not charge fees that are expressly protu'bited by this Security Instrument or by Applicable Iaw. <br />If the Loan is subject to a law wluch sets maximum loan charges, and that law is finally <br />interpreted so that the interest or other loan charges collected or to be wllected in connection with <br />the I.oan exceed the permitted limits, then: (a) any such loan chazge shall be reduced by the amount <br />necessary to reduce the charge to the permitted limit; and (b) any sums already collected from <br />Borrower which exceeded permitted limits wIll be refunded to Bonower. I.ender may choose to make <br />this refund by reducing the prinapal owed under the Note or by making a direct payment to Borrower. <br />If a refund reduces principal, the reduction will be ueated as a partial prepayment without any <br />prepayment charge (whether or not a prepaymeat chazge is provided for under the Note). Bonower's <br />acceptance of any such refund made by direct payment to Borrower wIll constitute a waiver of any right <br />of action Borrower might have arising out of such wercharge. <br />15. Notfc�. All notices given by Bonower or Lender in connection with this Security Instrument <br />must be in writing. Any notice to Borrower in wnnection with this Security Instrument shall be <br />deemed to have been given to Borrower when mailed by Srst class mail or when actually delivered to <br />Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice <br />to all Borrowers unl�s Applicable Law expressly requires otheiwise. The notice address shall be the <br />Properry Address unless Borrower has designated a subsdrute notice address by notice to Lender. <br />Borrower shall prompdy notity Lender of Bonower's change of address. If Lender specifies a procedure <br />for reporting Borrower's change of address, then Borrower shall only report a change of address <br />tluough that specified procedure. There may be only one designated nodce address under this Security <br />Instrument at any one time. Any notice to Lender shall be grven by delivering it or by mailing it by <br />first class ma� to I.ender's address stated herein unless Lender has designated another address by notice <br />to Borrower. Any notice in �nnection wIth this Security Instrument shall not be deemed to have been <br />given to L.ender until actually received by Lender. If any nodce required by this Secarity Insuument <br />is also required under Applicable Law, the Applicable Law requirement wIll satisfy the wrresponding <br />requirement under this Security Instrument, <br />NEBRASKA VA DEED OF TRUST Form �oaa t/o� fresa s ot �i Peges) <br />