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<br /> In the event af a total ta�ing, destruction, or�oss i��alue af the Prflperty, th�Miscellaneous Praceeds shall he
<br /> app�ied to the sums secured by this Security Instrument, whether or not then due, with the excess, if ariy, paid to
<br /> Borrvwer.
<br /> In the e�ent of a partial ta.king, destruction, ar lass va �alue of the Property in which the fair ma,rket value of
<br /> the Property immediately hefare�he part�a�takiilg, destructian, or lass in�alue�s equal to ar greater than xhe amount
<br /> af t�he sums secured l�y this Security Instrument immediately before t�he pa,rtial taking, destruc�ion, or loss in value,
<br /> unless Borrawer and Lend�r oth�rwise agree in writing, the su.ms secured by this Security Instrument shall be reduced
<br /> by�he amount of the Miscellan�ous Proceeds multiplied by the follawing fraction: �a}the total amount of the su.ms
<br /> secur�d immediately before the par�ial taki.ng, destruction, or lass in�alue da�ided by(b}the fair market value of the
<br /> Property immed.iately before the pa,rtial ta,king, des�ruction, or�oss in�a�u�. Any balance shall be paid to Borrawer.
<br /> In the event of a partial taking, des�ruction, ar loss in�alue of the Praperty in which the fair market value af
<br /> the Prop�rty immediately before the partial ta.k.ing, destruction, or loss in�alue is �ess than t.he amaunt vf the sums
<br /> secured immed.iately before the partial�al�ingy Ci�5�11Ct1�I1� nt iQ55 lri V��Ue, unless Borrawer a,nd Lender otherwise
<br /> agree in writing, �he Misce�lanevus Proceeds sha11�e applied ta the sums secur�d by this Security Instrument whether
<br /> or nat the sums a.re then due.
<br /> �f the Property is abandoned by Barrower,or if, after notic�by Lender�o Barrower t.��at the�pposuig Party�as
<br /> defined in the next sen�ence� offers ta make an award ta settle a claim for damages, Borrawer fai�s tv respond to
<br /> Lender within 3�days af�er the date the notice is given., Lender is authorized�o col�ect and apply the Mis�ellanevus
<br /> Prvc�eds either t�restoratian or repair of the Property or to the sums secured by this Secur�ty Instrument, whet.her
<br /> or not then due. "�ppasing Party" means�he t.hird par�y that owes Barrower Miscellaneous Prviceeds or th�party
<br /> against wham Barrower ha.s a r�ght of action in regard to Miscel�aneous Proceeds.
<br /> Barrower shall be in defaul�if any acti�n or pr�ceeding, whether c��il or Criminal, is beguu that, in Lender's
<br /> judgment, �auld r�sult in forf�iture of the Property ar ather materiai impairment of Lender's interest in the Praperty
<br /> ur rights under th�s Security In.strument. Barrower caen cure such a default and, if acce�eration has accurred,reinstat�
<br /> as pro�ided in Sec�ian 19, by causing the actian or proceeding to �e dismissed with a ruling that, in Lender's
<br /> judgmen�, precludes forfeiture of the Property or other materia�impairmen�of Lender's interest in the Property or
<br /> rights under this Security Instrument. The proceed.s of any award or claim far damages that ar�attributable to the
<br /> � impairment of Lender's interest in the Property are hereby assigned and shal�be paid to Lender.
<br /> Al�Miscellaneous Prviceeds that are nat applied ta restorativn or repair of the Property shall be app�ied in the �
<br /> arder pra�ided fur in Sectian 2.
<br /> 12, Borrow�r N�t Releas�d; Forbearance By LendQr Not s Ws��er. Extension of the time far payment or
<br /> madification of amortization�f the sums secured hy�his Security Inst�ument granted by Lender to Borrower or a.ny
<br /> Successar in Interest vf Borrower shall not operate to release the liabi�ity af Barrower or any Successors in�nterest
<br /> of Barrvwer. Lender shall nat be required to commence proceedings against a.ny Successar in Interest of Barrower
<br /> ar to refuse to extend time far payn�ent ar otherwise n�odify amort�zatian af th� sums secured by this Security
<br /> Instrument by reason of any dema.nd made by the original Barrower or any Successvrs in Interest of B�rrawer. Any
<br /> forbearance by Lender in exercising any right ar remedy inc�uding, withaut lim�tation, Lender's acceptance of
<br /> payments fr�m third persons, ent�ties�r Successors in Interest of Borrower or in amoun�s less#han th�amount then
<br /> due, sha11 not be a wai�er�f or prec�ude the exercise of any right ar remedy.
<br /> 13. Joint and Se�eral Lisbility; �o-signers;Successors and Assigns Bound. Barrovver ca�enants and agrees
<br /> that Borrower's obligations and�iability shal�be j oint and se�eral. Howe�er,any Borrower wha co-signs this Security
<br /> Ins�rument but does not execute t,he Note�a"co-signer"�: �a}is casigning this Security Inst�-ument anly to mortgage,
<br /> grant and can�ey the co-signer's interes� in the Praperty under the terms of this Security Instrum�nt; �b} is nat
<br /> persvnally obligated to pay the sums secured by this Sec�rity Instrument; and�c}agrees that Lender and any other
<br /> Borrawer can agree ta extend,mod�fy, forbear ar make any accommodations with regard ta xhe terms of this Security
<br /> Instrument ar the Note wi�hou�t,he co-signer's cansent.
<br /> Subj�ct to the pro�isions of 5ection 1 S, any Successar i.n Interest of Bonower who assu.mes Bonower's
<br /> obligations under this 5ecurity Instrument in writing, and is appro�ed hy Lender,shall obtain all nf Borrvwer's rights
<br /> and benefits under this Security Instrument. Borrower sha�i not be released from Barrawer's obliga#iflns and liability
<br /> NEBRASKA Single Family--Fannie MaelFr�eddie Mac UNIF�RM INSTRUMENT- MERS p,o���� ��
<br /> Fo�'m 3�28 11�1 Page 9 of 15 www_docmagic.com
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