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201�0757�
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to
<br />Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the
<br />Property immediately before the partial taldng, destruction, or loss in value is equal to or greater than the amount of the
<br />sums secured by this Security Instrument immediately before the partial taking, destrucdon, or loss in value, unless
<br />Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the
<br />amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured
<br />immediately before the partial taking, destruction, or loss in value divided by (b) the fa.ir market value of the Property
<br />immediately before the partial taking, destrucrion, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair mazket value of the
<br />Property immediately before the partial taking, destrucrion, or loss in value is less than the amount of the sums secured
<br />immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
<br />writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the
<br />sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Bonower that the Opposing Party (as
<br />defined in the next sentence) offers to make an awazd to settle a claim for da.mages, Bonower fails to respond to Lender
<br />within 30 days after the date the norice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds
<br />either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due.
<br />"Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Barrower
<br />has a right of action in regard to Miscellaneous Praceeds.
<br />Bonower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or
<br />rights under ttus Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as
<br />provided in Section 19, by causing the action or proce.eding to be dismissed with a ruling that, in Lender's judgment,
<br />precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this
<br />Security Instrument. The proceeds of any awazd or claim for damages that are attributable to the impairment of Lender's
<br />interest in the Properiy are hereby assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order
<br />provided for in Section 2.
<br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortizadon of the sums secured by this Security Instrument granted by Lender to Bonower or any
<br />Successor in Interest of Bonower shall not operate to release the liability of Borrower or any Successors in Interest of
<br />Borrower. Lender shall ttot be required to commence proceedings against any Successor in Interest of Borcower or to
<br />refuse to extend time for payment or othetwise modify amortization of the sums secured by this Security Instrument by
<br />reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by
<br />Lender in exercising any right or remedy including, withqut limitation, Lender's acceptance of payments from third
<br />persons, entiries or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver
<br />of or preclude the exercise of any right or remedy.
<br />13. Joint and Several Liability; Casigners; Successors and Assigns Bound. Borrower covenants and agrees that
<br />Bonower's obligations and liability sha11 be joint and several. However, any Borrower who co-signs this Secwity
<br />Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage,
<br />grant and convey the co-signer's interest in the Property under the terms oftlus Security Inshument; (b) is not personally
<br />obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can
<br />agree to extend, modify, forbeaz or make any accommodations with regard to the terms of this Security Instrument or the
<br />Note without the casigner's consent.
<br />Subject to the provisions of Secrion 18, any Successor in Interest of Borrower who assumes Borrower's obligations
<br />under this Security Instrument in writing, and is approved by Lender, shall obtain a11 of Borrower's rights and benefits
<br />under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this
<br />NEBRASKA S(ngle Family-Fannle Mae/Freddte Mac UNIFORM INSTRUMENT Form 3028 1/01
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<br />ias, mc. Borrower(s) Initlals � �� � _
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