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�0�20940� <br />agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Se,cnrity Instrument whether <br />or not the sums aze then due. <br />If the Froperiy is abandon� by Borrower, or if, after notice by Lender W Borrower that the Opposing Party (as <br />d�fined in tha next sentence) offers to make an award to settle a claim for damagea, Horrower faits tn respond to <br />L,endez within 30 days after the date the notice is given, Lender is authorized to coll�t and apply the Miscellaneous <br />Proceeds aither to restoratipn or repair of the Property or to the sums secured by this Security Instaument, whether <br />or not then due. "OPPosing Part�'° means the third garty that owes Borrower Miscellaneous Proceeds or tiie P�Y <br />against whom Borrower has a rIght of action in regazd ta Miscellaneous Pro�eeds. <br />Bornower shall be in default if any action or proce�ing, whether civil or criu�inai, is begun that, iva, Lender's <br />judgment� could result in forfaitiu� of the Property or other material impairment of Lender's interest ia the Properiy <br />or rights nnder this Security Instrument. Bontower can cure such a default and, if acceleration has occw�red, reinstate <br />ss provided in Sec�ion 19, by causing the action or proceedin� W be dismissed with a ruIing that, in Lender's <br />judgment� pr�ludes forfeiture of the Properiy or other mat�rial impairment of Lender's intem.st in the Progerty or <br />rlghts under this Security Insuurnen� x'he proceeds of any award or claim for damages that are attnbutable to the <br />impairment of I.ender's interest in the T'ropezty are hereby assigned and s�alI k�e paid to I ender. <br />A11 Miscellaneons Proceeds that are not applied to restoration or repair of the Property shall be applied in the <br />order provided for in Sec�tion 2. <br />12. Borrower Not Release8; Torbear�nce By Lender Not a Waiver. Extansion of the tima for payment or <br />modif'lcation of amortization of the sums secured by this Security lnstrument graaEed by Lender to Borrower or aay <br />Sucr�sor in Lu�t of Botrower shall not operate to release the liability of Borrower ar any Successors in Interest <br />of Borrower. I.ender shall not be required tn cammence proceedings against any Successor in Interest of Borroraer <br />or to refuse to extend time for payment or o�era+ise modify amortization of the sums secured by this Securiry <br />lmswment by reason of any demand made by the original Borrower or any Successots in Interest of Borrower. Any <br />forbearance by Lender in exetcising any right or remedy inaluding, withaut Iimitation, Lender's accept�nce of <br />payments from third persons, enti�ies 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 exercise of any right or remedy. <br />13. dofmt aad Several Lisbility; Co-signera; Successors and Assigas Bomnd. Borrowez covenaats and agrees <br />that Borrower's obligations and liability shall be joint and several. However, any Borrvwer who co-signs this Security <br />Instrument bnt does not ex� the Note (a °co-signar"): (a) is co-signing t1�is Security Instrument only to mortgage, <br />grant and canvey the arsigner's interest in the Propetty under the terms of this Security Instrument; (b) is not <br />personally obligated t� pay the sums sec�ued by this Sec�rrity Instniment; and (c) a$rees that Lender and any other <br />Borrower can agree to extend, mod'rfy� forbear or make any acc:ommodations with regard to the terms of this Security <br />Instrument or the Note without the co-signer's consent. <br />Subject w the provisions of Section 18, any Successor in Interest of Borrowez wha assuraes Borrower's <br />obligations under this Security Instiument in writing, and is approved by Lender, shaIl obtain alI of Borrower's rights <br />and benefits under this Security Instcumen� Honrower shalt not be released from Borrower's obligatians aad liability <br />under this 5ecurity Inatrument unieas Lender agrees ta such release in writing. The covenants and agreements of tl�is <br />Security Lasaument sha1I birtd (except as provided in Seetion 2Q} and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lander may charge Borrower fees for services performed 'va co�mection with Borrower's <br />default, for the purpose of prot�ting I.ander's interest in the Property and rights under this Security Instrument, <br />including, but not l.imited to, attorneys' fees, property iu�specdon ar�d valuation fees. In regard to any other fces, the <br />absence of sxpress authority in this Se�urity Inst�rrument to charge a s�ciffc fee t+� Borrower shall not be cpnstrued <br />as a prohibition on the chazging of such fee. Lentier may not c�zarge fe�s that are expressly prohibited by this Security <br />Instrument or by Applzcable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is finatly interpreted so that the <br />interest or other loan chargas collecte� or to be collected in connecflon with the Loan exc�ed tha permitted limits, <br />Yhen: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; <br />and (b) anY sutns already co�lected fronn Borrower which exceeded pernutted limits wi11 be refi�nded to Honower. <br />Lender may choose W make this refund by reducing the principal owed under the Note or by making a d'uect payment <br />to Borrower. If a refund reduces ptincipal, the reducdon will be treated as a partial prepayment witt►out any <br />NfBRASKA—Single Famlly—Fannle Mae/Fteddie Mac UNIFORM IN5TRUMENT DocMeglc� <br />Fqrm 3028 1/01 Page 9 of 14 www.dxmagk.com <br />�D <br />Ne3028.dot.�1 <br />