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201406716 11. The proceeds of any condemnation award are hereby assigned and shall be paid to LENDERS and shall be applied to the sums secured by this security instrument, whether or not then due, with any excess paid to BORROWER. 12. Any extensions or modifications of the loan granted by LENDERS to any successor in interest of BORROWER shall not operate to release the liability of the original BORROWER or BORROWER'S successors in interest. 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. 13. Any notice to BORROWER provided for in this security instrument shall be given by delivering it or mailing it by First Class Mail unless Nebraska law requires use of another method, at the BORROWER'S last known address. 14. This security instrument and the note which it secures shall be governed by Nebraska law. 15. LENDERS shall give notice to BORROWER following BORROWER'S breach of any covenant or agreement in this security agreement and the note which it secures. The notice shall specify: (a) The default; (b) The action required to cure the default; (c) A date not less than thirty (30) days from the date the notice is given to BORROWER by which the default must be cured, and; (d) That failure to cure the default on or before the date specified in the notice may result in acceleration of the sum secured by this security agreement and resale of the property. The notice shall further inform BORROWER of the right to reinstate, after acceleration, and the right to bring a Court action to assert the nonexistence of a default or any other defense of BORROWER to 4