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<br /> ' Q ii2881 -�::�=::-
<br /> �C7— LOANNO. 153sz� e13 i �: :,=°
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<br /> � 10.Condemnatlon. The proceeds of any�ward or clalm for damages,direct or consequentlal,In connection wltii ' �•-�r
<br /> any condemnati�n or other taking of any part of the Property,or for conveyance In Ileu of condemnatlon,are hereby •.:••<�_:
<br /> , assl�ned and shall be pald to Lender. �:���.::�.;
<br /> !n the event of a total taking of the PropeRy,the proceeds ehall be applled to the aums secured by thls SecurRy .
<br /> Instrument,whether or not then due,wNh eny excess pald to Borrower.In the event of a partlal taking of the Property in � ..:. `
<br /> whlch ti�e falr market value ot the Property Immedlately before the taklnp is equal to or greater than the amount of the `�''
<br /> suma secured by thls Security Instrument immedlately before the taking,unless Dorrower end Lender otherwlse agree In ..��.'�. �
<br /> � wrfting,tha sums secured bythis Securlty Instrument ehall be reduced by the amount of the proceeda muitlplled by the � �`'�'x�"
<br /> . ��,. ; I tdlawing fractlon:(a)the totel amount of the sums secureci lmmedlatay before tlie taking,dlvidEd by(b)tho talr markot " '"
<br /> �.��_��.
<br /> value of the Property Immediately before the taking.An balance ahall be pald to Borrower, In the event of a partlal °'s�e,a-r-
<br /> 3S„�a-��.
<br /> .:,��"'" ` taking of the Property In which the talr market value of t e Property Immedlately before the taking Is lesa than the ;,�_,•.-_--
<br /> ._....--� ' amount of the sums secured Immedlately before the taking,unless Borrower and Lender otherwlse agree in writing or _._ --
<br /> ' '. unless applicable law otherwise provides,the proceeds shall be applled to the sums secured by thls Security =_
<br /> ; Instrument whether or not the sums are then due, --
<br /> � � If the Property Is abandoned by Borrower,or ff,after notice by Lender to Borrower that the condemnor offere to F=_-_ _ _
<br /> } make an award or settle a claim for damages,Borrower fails to respond to Lender wfthin 30 days after the date the °°
<br /> notice Is given,Lender Is authorized tp collect and apply the proceeds,at Its optlon,either to restoratlon or repalr of the �_
<br /> Property or to the surns secured by this Security Instrument,whether or not then due, -
<br /> Unless Lender and Borrower othorwlse agres in wrfting,any applicatlon of proceeds to princlpal shall not extend or
<br /> � postpone the due date of the monthiy payments referred to in paragraphs 1 and 2 or change the amount of such
<br /> �� payments.
<br /> �•
<br /> � 11.Borrower Not Releaaerl;Forbear�nce By Lender Not s Watver. Extenslon of the time for payment or
<br /> �' modfficatlon of amortization of the sums secured by this Security Instrument granted by Lendar to any successor In —
<br /> IntArest of Borrower shall not operate to release the Ilabllfty of the orl�inal Borrower or Borrower's succeasors in
<br /> '� Interest.Lender shall not be requlred to commence proceedfFlgs agalnst any successor in Interost or refuse to extend =
<br /> � � time for payment or othervvise modffy amortlzatlon of the suma secured by this Security Instrument by reason ot any �.
<br /> demand made by the orlginal Borrower or Borrower's successors(n interest.Any farbearance by Lender in exerclsing
<br /> any right or remedy shall not be a waber of or preclude tha exercise of any right or remedy. E-'-
<br /> 12.Successors�nd A�tign�Bound;Jolnt�nd Several U�bilfty;Ca�lflners. 7he covenants and agreements of ;�
<br /> this Securiry Instrument shall bind and benefft the successors and assigns of Lender and Borrawer,sub�ect to the
<br /> �• provislons of paragraph 17.Borrower's covenants and agreements shall be Joint and several.Any Borrower who �
<br /> � co-slgns this Security Instrument but does not execute the Note: (a)Is co-slgning this Securfty Instrument only to -
<br /> mortgsge,grant and convey that Borrower's interest in the Property under the terms of thls Security Instrument;(b)Is
<br /> -.__-�, .__— r.et per�ona!ly nt�.�oarari tn�ay tha sums secured by thls Securky Instrument;and(c�agrees that Lender and any other
<br /> Borrower may agree to extend,modify,forbear or make any accommodations wfth regard to the terma of this Securtty
<br /> Instrument or the Note wfthout that Borrower's consent.
<br /> 13.Lo�n Ch�r�es. if the loan secured by this Security Instrument Is subJect to a law whlch sets maximum loan
<br /> charges,and that law la finally Interpreted so that the Interest or other loan charges collected or to be collected In
<br /> connection with the loan exceed the permftted Ilmfts,then:(a)any such loan charge shall be reduced by the amount
<br /> , necessary to reduae the charge to the permftted Ilmft;and(b any eums already collected from Borrower which
<br /> � exceeded permftted Ilmfts will be refunded to Borrowor.Le�er may choose to make this refund by reducing the
<br /> � ' princlpal owed under the Note or by making a dlrect payment to Borrower.If a refund reduces principal,thd reduction
<br /> ., , wlll be treated as a partial prepayment wfthout any prepayment�harge under the Note.
<br /> 14.NotiC�s. Any notice to Borrower provlded for In thls Security Instrument shall be gfven by delivering R or by
<br /> mailing ft by first class mail unle5s applicable law requlres use of another method.The notice shall be directed to the
<br /> . � - Property Address�r any other address Borrower designates by notice to Lender.Any notice to Londer shall be gben
<br /> - ° by first class mafl to Lender's address stated herein or any other address Lender designates by notice to Borrower.Any _
<br />" notice provlded for In thls Securfty Instrument shall be deemed to have been given to Borrowor or Lender when given �
<br /> '' as provlded In thls paragreph. --
<br />= 1b.Gov�rnlny L.�w;Severability. Thls Security Instrument shall be govemed by federal law and the law of the °��__
<br /> Jurisdictlon In which the P�operty is located.In the event that any provislon or clause of thls Securfty Instrument or the :;
<br /> �' Note confllcts with applicable law,such conflict shall not affect other provlslona of this Securfry Instrument or the Note �_;�
<br /> ,, which can be given effect without the confllcting provislon.To thls end the provislons of this Security Instrument and the = --
<br /> _� �:.:, . Note are declared to bo severable. �_
<br /> ' ,�� 18. Borrower's Copy. Borrower shall be given one contormed copy of the Note and of this Securlty Instrument. __-
<br /> � � 17. Transfer of the Property or a Beneficlel Intorest In Borrower. If all or any part of the Property or any =
<br /> ., � Interest In ft is sold or transferred(or If a beneficlal Interest In Burrower is sold or transferred and Borrawer Is not a �_
<br /> natural person)withnut Lender's prlor wrltten consent,Lender may,at fts optlon,requlre immedlate payment In fuil of all �.�
<br /> sums secured by thls Securlty Instrument. However,this optlon shall not be exercised by Lender if exercise Is
<br /> �� prohlbited by federal law as of the date of thls Security Instrument, —___
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<br />- NEBRASKA••SINGLE FAMILY-FNMA/FHLMC UNIFORM INSTRUMENT FORM 3028 0/p0 °�':"�sr:=`
<br /> 15C/CMDINE//0792/3028(9•90)•L PAGEA OF b -`
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