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DEBORAH D SCHWBITZ/995151831527470
<br />NEBRASKA HOME EQUITY LINE OF CREDIT DEED OF TRUST
<br />2008 DOCMAGIC, INC.
<br />NEHESI.BOA 06/04/13 Page 7 of 13
<br />2015058
<br />interest, upon notice fi Lender to Borrower requesting payment. If this Security Instrument is on a leasehold,
<br />Borrower shall comply with all the provisions of the lease. Borrower shall not surrender the leasehold estate and
<br />interests herein conveyed or terminate or cancel the ground lease. Borrower shall not, without the express written
<br />consent of Lender, alter or amend the ground lease. If Borrower acquires fee title to the Property, the leasehold and
<br />the fee title shall not merge unless Lender agrees to the merger in writing.
<br />10. Mortgage Insurance. Borrower is not required to obtain Mortgage Insurance unless otherwise agreed in
<br />writing.
<br />11. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellaneous Proceeds are hereby assigned to
<br />and shall be paid to Lender.
<br />If the Property is damaged, such Miscellaneous Proceeds shall be applied to restoration or repair of the Property,
<br />if the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br />restoration period, Lender shall have the right to hold such Miscellaneous Proceeds until Lender has had an
<br />opportunity to inspect such Property to ensure the work has been completed to Lender' s satisfaction, provided that
<br />such inspection shall be undertaken promptly. Lender may pay for the repairs and restoration in a single disbursement
<br />or in a series of progress payments as the work is completed. Unless an agreement is made in writing or Applicable
<br />Law requires interest to be paid on such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any
<br />interest or earnings on such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or
<br />Lender's security would be lessened, the Miscellaneous Proceeds shall be applied to the Secured Debt secured by this
<br />Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds
<br />shall be applied in the order provided for in the Agreement and this Security Instrument.
<br />In the event of a total taking, destruction, or loss in value of the Property, the Miscellaneous Proceeds shall be
<br />applied to the Secured Debt secured by this Security Instrument, whether or not then due, with the excess, if any, paid
<br />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
<br />the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount
<br />of the Secured Debt secured by this Security Instrument immediately before the partial taking, destruction, or loss
<br />in value, unless Borrower and Lender otherwise agree in writing, the Secured Debt secured by this Security instrument
<br />shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total
<br />amount of the Secured Debt immediately before the partial taking, destruction, or loss in value divided by (b) the fair
<br />market value of the Property immediately before the partial taking, destruction, or loss in value. Any balance shall
<br />be 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
<br />the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the Secured
<br />Debt immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree
<br />in writing, the Miscellaneous Proceeds shall be applied to the Secured Debt secured by this Security instrument
<br />whether or not the sums are then due.
<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as
<br />defined in the next sentence) offers to make an award to settle a claim for damages, and Borrower fails to respond to
<br />Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous
<br />Proceeds either to restoration or repair of the Property or to the Secured Debt secured by this Security Instrument,
<br />whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the
<br />party against whom Borrower has a right of 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
<br />judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property
<br />or rights under this Security instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate
<br />as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's
<br />judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or
<br />rights under this Security instrument. The proceeds of any award or claim for damages that are attributable to the
<br />impairment of Lender' s interest in the Property are hereby assigned and shall be paid to Lender.
<br />Draft
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