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201504333 Borrower and Lender otherwise aga•ee in writing, the TVliscellaneotrs Proceeds shall be applied to the suins secured by this Scaurity Tnstruincnt whctfler or not the su�x�s are then due. If the Property is abandoned by 13orrower, or i#, a��er notice by Lender to Borrower lhat the Opposing Pai•ty(as defiiied in the nexl seiifeiice}offers lo inake an award to s�ttl�a claim for damages, Borrower fails to respoz�d to Le��der within 30 days after the dake the notice is given, Lender is authorized to coflect and apply the Miscellaneous Proceeds either to restoration or re�air of the Property or to the sums secured by this Security Instrwnent, whether or not then due. "Opposing Party" aneans the third party tl�at owes Borrowex�Miscellaneous Proceeds ar the parry against whon�Borrower has a right of action in regard to Miscellaneous Yroceeds. Borrnwer shall be in default if any action or proceedzng, whether civil or criininal, is begun thaf, in Lender's judginent, could result in forfeiture of the Property or other inat�rial impainnent of Lender's interesl in the Property or rights under this Security Instrument. Borrower can cure such a default and, if aeeelerAtion hAs oceurred, rcinstatc as providcd in SectioM 18, by causing tl�e action or proceeding to Ue dismissed with a ruling that, in Lender's jtirdgm�nt, precludes forfeiture oF the Property or other material impainnent of Lender's interest in the Property or ri�hts under Yhis Security Instruinent. The proceeds of any award nr claim for da�nages that are attributable to the iinpairnae��t of Lender's interest in Yhe Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds thaC are not appIied to restoration or repair of tlle Properly shall be applied in the order provided for in Section 2, �1. Borrower Not Releasecf; Forbearance By Lender Not a Wai�er. Extension of the ti�ne for pay��ent or modification of ainortization of the siuns secured by this Security Instrtunent granted by Lender to Borrower or any Successor in Interest of$orrower shall not operate to release the liability of Borrower or any Successors in Interest o�'Bozrower. Lender shall not be required to commence proceedings against any Succcssor 'sn Intcrest of Borrower or to refuse to extend ti�ne for payment or otherwise modify ainort.ization of the s�ims sectired by this Securiry Instrtunent by reason of any dcmand an,ade by the original Borrower or azry Successors in Interest of Borrower. Any forbearance by Lender in axercisiiig any right or remedy including, without liinifation, I.ender's acceptance of payments froin Yhird persons, enYities or Successors in Interest of Borrower or in amounts less than tl�e a��ount then due, shall not be a waivez of or preclude the exercise oP any right or remedy. 12. Joint and Se�eral Liahility; Ca-signers; Successors and Assigns Bound. Borrower covenuits and agrees that 13orrower's obligations and liability sh�►1i be joinl and severa�. However, any Borrower who , cu-sigris [kiis SecuriCy Tii�lrurrie�il bul doe�not executa the Note(a"co-signer"): (a}is co-signing tliis Security Instrument only to mortgage, grant and convey the co-signer's interesC in I:he Prop�rty under ihe terins of this Security Instrument; {b}is z�ot personally obligated to pay tlze sums secured by this ��curity Instrument; and(c)agrees that Lender and any other Borrower can agt'ee to extend, modify, forl�ear or inalce any accoimnodations with regard to the terims of this 5ecurity Instrtunent or the Note withouC the co-signer's consent, Subject ta the proaisions af Section 17, atry Saccessor in Interest of Borrower who assumes Borrower's obligations under this Securit}�Instrument in writing, and is approved by Lender, sliall obtain all of Borrower's rights and bene�ls under this Security Tnstrument. Borrower shall not be released froin Sorrowcr's obligations and liaUility under this Security Insirumenl tiulless Lender agrees to such ralease 0451502956 FHA�eed of Trust-NE 9130i2014 BankersSystomsTM VMP� VMP4R(NE)(9;,�21.0' Wolters Kluwer Financial Services Pace 10 oi 1 fi