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201204254 <br />Borrower shall be in default if any actlon or proceeding, whether civil or crlminal, is <br />begun that, in Lender's judgment, could result in forfeiture of the Properly or other material <br />impairment of Lender's interest in the Property or dghts under this Security Instr�ment. <br />Borrower can cure such a default and, if acceleraHon has occurred, reinstate as provided in <br />Section 19, by causing the achon or proceeding to be dismissed with a ruling that, ln Lender's <br />judgment, precludes forfeiture of the Property or other material impairment of Lender's interest <br />in the Property or rights under this Securlty Inshvment. The proceeds of any award or claim for <br />damages that are attributable to the impa�ment of Lender's interest in the Property are hereby <br />assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restorat�on or repair of the Property <br />shall be applied in the order provided for in Section 2. <br />12. Horrower Not Released; Forbeazance By Lender Not a Waiver. Extension of <br />the time for payment or modificatlon of amortization of the sums secured by this Security <br />Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not <br />operate to release We liability of Borrower or any Successors in Interest of Bonower. Lender <br />shall not be required to commence proceedings against any Successor in Interest of Borrower or <br />to refuse to extend time for payment or otherwise modify amortizaflon of the sums secured by <br />this Securlty Instrument by reason of any demand made by the original Borrower or any <br />Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, wiWout limitatlon, Lender's acceptance of payments from third persons, <br />entifles or Successors in Interest of Bonower or in amounts less than the amount then due, shall <br />not be a waiver of or preclude the exerc�se of any rlght or remedy. <br />13. Joint and Several Liability; Co-signers; Succ�ssors and A�igns Bound. <br />Bonower covenants and agrees that Borrower's obligations and liability shall be joint and <br />several. However, any Borrower who co-signs this Securlty Instrument but does not execute the <br />Note (a "co-signer"): (a) is co-signing this Securlty Instrument only to mortgage, grant and <br />convey We co-signer's interest in the Property under We terms of this Security Instrument; (b) is <br />not personally obligated to pay the snms secured by this Security Instrument; and (c) agrees that <br />Lender and any other Borrower can agree to extend, modify, forbear or make any <br />accommodaflons with regard to the terms of this Securlty Instrument or the Note without the <br />co-signer's consent. <br />Subject to the provisions of Secflon 18, any Successor in Interest of Borrower who <br />assumes Borrower's obligations under Wis Securlty Inshvment in wrlting, and is approved by <br />Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. <br />Borrower shall not be released from Borrower's obligations and liability under this Secnrity <br />Instrument unless Lender agrees to such release in wrlting. The covenants and agreements of <br />this Security Instrument shall bind (except as provided in Secflon 20) and treneflt the successors <br />and assigns of Lender. <br />NEBRASKA — Single FemOy — Feanie MadFraddia Mao U1�+ORbI INS11tUMSl�PP Form 3028 U01 �, / <br />CrCC - G3028-12 (09/Ol) (Page 12 of19) Initials: �_W <br />