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201204753 value of the Property immediately before the taking. Any balance shall be paid to Borrower. If the Property is abandoned by Borrower, or i� after notice by Lenders to Bonower 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 daxe the norice is given, Lenders are authorized to collect and apply the proceeds, at their option, either to restore or repair the Property or to pay the sums secured by this Security Instrument, whether or not then due. Unless Lenders and Borrower otherwise agree in writing, any applica.rion of proceeds to principal shall not extend or postpone the due date of the yearly payments refened to in paragraph 1 or change the amount of such payments. 9. Borrower Not Relea.sed; Forbearance by Lenders Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lenders to any successor in interest of Bonower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lenders shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortizaxion of the sums secured by this Security Instrument by reason of any demand made by the original Bonower lus successors in urterest. 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; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lenders and Borrower. 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 Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lenders and any other Bonower may agree to extend, modify, forbear or make any accommodaxions with regard to the terms of this Security Instrument or the Note without thax Bonower's consent. 11. Notices. Any notice to Borrower provided for in tlus Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property address or any other address Bonower designates by notice to Lenders. Any notice to Lenders sha11 be given by first class mail to Lenders' address stated herein or any other address Lenders designates 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 govemed by federallaw and the law of the State of Nebraska.. 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. To this end the provisions of this Security instrument and the Note are declared to be severable. 13. Bonower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 14. Transfer of the Property or a Beneficial Interest in Bonower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a na.tural person) without Lenders' prior written consent, Lenders may, at their option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lenders if exercise is prohibited by federal law as of the daxe of this Security Instrument. If Lenders exercise this option, Lenders shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 da,ys from the da.te the notice is delivered or mailed with�n which Bonower must pay all sums secured by this Security Instrument. If Bonower fails to pay these sums prior to the expiration of this period, Lenders ma,y invoke any remedies permitted by this Security Instrument vv�thout further notice or demand on Borrower. 15. Bonower's Ri,ght to Reinstate. If Bonower meets certain conditions, Borrower shall have the right to have enforcement ofthis Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Secunty Instrument. Those conditions are tha.t Borrower: (a) pay Lenders a11 sums wluch then would be due under this Security Instrument and the Note had no acceleration occurred; (b) cure any default of any other covenants or agreements; (c) pay all expenses incurred in enforcing this Secunty Instrument, including, but not limited to, reasonable attomeys' fees; and (d) take such action as Lenders ma.y rea.sonably require to assure thax the lien of this Secunty Instrument, Lenders' rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Upon reinstatement by Borrower, this Security Instnunent and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. This right to reinstate shall not apply in the case of acceleration under paragraph 14.