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200611427
<br />2 01407692
<br />to ensure the work has becu completed to Lender's satisfaction, provided that such inspeceion shall be undertaken promptly.
<br />(.ender may pay for the rnpeirs and restnrnrion in n single disbnraement or in n series of progress payments net the work is
<br />completed. iJnless an agreement is made in writing or Applicable Law requires interest to be pod on such Miscellaneous
<br />PrOV110cls, L431110r shall not he tcquircxi to pay Borrower any interest or earnings on ttuch Miseellaneuua Pam:eds. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the. Miscellaneous Proceeds shall be
<br />applied to the suns secured by this Security Instrument; whether or not the due, with the excess, if any, paid to Borrower.
<br />Such Miscellaneous Proceeds shall be applied lathe order provided for in Section 2.
<br />In the event of a total taking, destruction, or Loss in value of the Property, the Miscellaneous Promeds shalt he applied to
<br />the Sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to 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 diking, destruction, or loss in value is equal w or greeter thou the remount of the sums
<br />secured by tbis Security Instrument immeeliatety before the partial taking, ckstrection, or loss in value, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by this Security Instrument shall be retduced by the amount of the
<br />Miscellaneous Proceeds multiplied by the following'fruction: (a) rite toed amount oldie sums se;.'ttned Immediately before the
<br />partial taking, destruction, or loss in value divided by (b) the fair market value of the Property immediately before the partial
<br />taking, desbuction, or Joss kh value. Any balance shall be pa.idto 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 taking. destruction. or loss in value is Iess than the amount of the sums Secured
<br />iinmedratcly before the partial taking, destruction, or loss in value, unless llorro wer and Lender otherwise agree in writ eg,
<br />the Miscellaneous Proceeds shall be applied to the sums secured by this Security fnstntment whether or not the sums are
<br />then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Patty (as defined
<br />in the next sentence) ufferts to make an award to settle a claim for damages, Borrower falls to respond to Linter within 30
<br />days after the date the notice is given, Lender Is authorized to collect and apply the Miscellaneous Proceeds either to
<br />restoration or repair of the Property or to the sums secured by this Security Monument, whether or not then due. "Opposing
<br />Party" means die third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of
<br />action in regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
<br />could result in forfeiture of the Piopct ty or other nuttr,iat imislirnnent of Lender's interest in tine Property or rights under this
<br />Security Instrument. Borrower van cure such a default end, if acceleration has occurred, reinstate as provided in Section 19,
<br />by causing the action or proceeding to he disrnissed with t♦ ruing that, in iander'a judgrent, precludes forfeiture of the
<br />Properly or other material impairment of Lender's interest in the Property or rights: under this Security Instrument. The
<br />proceeds of any award or claim for dan><lges that are attributable to the impairment of Lender's interest in the Property are
<br />hereby assigned and shall be paid to Lender.
<br />All Miscellanoous Proceeds that are not applied to retstoration or repair of the Property shall be applied in the order
<br />pawkier' fur in Seetitrn 2.
<br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or
<br />modification of amortization of the sums secured by this Security Insurer granted by Lender to Borrower or any
<br />Successor in Interest of Eloriower shall not operate to release the liability of Borrower or any Successors in Interest of
<br />Burrower. Lender shall not be required to curnulence proceedings against any Successor in Interest of Borrower or W refuse
<br />to extend firm frlr payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of
<br />any daanand made by the original Borrower Or any Successors in Interest cif Borrower. Any forbearencc by Lender in
<br />exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or
<br />Successors in Interest of Borrower or in amounts loss than the amount then due, shall not be a waiver of or preclude Itrc
<br />c;tcreisc of a r15111 Or rc:rncdy.
<br />13. Joint and Several Liability; Co-signers; Sueccxsws rend Assiges Bound, Donee/et. covenaets and agrees that
<br />Borrower's obligations and liability shall be joint and several. However, any Borrower who co signs this Security Instrument
<br />but does not execute the Note (a "co-signer"): (a) is eo eiguing this Security instrument only to mortgage, grant and convoy
<br />the CO SignCr'S interest in the Property under the terms of this Security Instrument; (lr) is trot personally obligated to pay
<br />the sunny secured by this Security Instrument; and (e:) agrees that Lender and any other Burrower an agree. to tsxteoel,
<br />modify, forbear Or melee any accommodations with regard to the terms of this Security Instrument or the Note without the
<br />co- signer's consent.
<br />Subject to the provisions of Section 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 all of Borrower's rights anti benefits under
<br />NEBRASKA —S 111$1e Fnmtly— Farms Mae/Fredde Mae UNIFORM INSTRUMENT e 4—
<br />Form 3028 1l01
<br />ITEM 29(nYO (on 1)—MEF'w GF1 ATIA? C 16
<br />(Pate .1of12p.r, aY) Toaar Calf: 1 trM5?09393❑ }1 31
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