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200001729 <br />the property to make repairs. Any amount disbursed by Lenders <br />under this paragraph shall become an additional debt of Borrower <br />secured by this security instrument, to bear interest from the <br />date of disbursement and said amount, together with the then <br />unpaid principal amount, shall bear interest at the highest <br />lawful rate until refunded by Borrower. <br />10. Borrower covenants and agrees that a failure to make <br />any payment, either principal or interest, on the note secured <br />hereby when due and payable or a failure to comply with any of <br />the covenants and agreements herein made shall cause the whole <br />sum of money hereby secured to become immediately due and <br />collectible at the option of the Lenders, and Lenders shall have <br />the right to cause notice of default to be given and the premises <br />to be sold as provided herein. <br />11. The proceeds of any condemnation award are hereby <br />assigned and shall be paid to Lenders and shall be applied to the <br />sums secured by this security instrument, whether or not then <br />due, with any excess paid to Borrower. <br />12. Any extensions or modifications of the loan granted by <br />Lenders to any successor in interest of Borrower shall not <br />operate to release the liability of the original Borrower or <br />Borrower's successors in interest. Any forbearance by Lenders in <br />exercising any right or remedy shall not be a waiver of or <br />preclude the exercise of any right or remedy. <br />13. Any notice to Borrower provided for in this security <br />instrument shall be given by delivering it or may mail it by <br />first class mail unless Nebraska law requires use of another <br />method, at the Borrower's last known address. <br />14. This security instrument and the note which it secures <br />shall be governed by Nebraska law. <br />15. Lenders shall give notice to Borrower following <br />Borrower's breach of any covenant or agreement in this security <br />agreement and the note which it secures. The notice shall <br />specify: <br />(a) the default; <br />(b) the action required to cure the default; <br />(c) a date not less than thirty (30) days from the date <br />the notice is given to Borrower by which the default must be <br />cured, and <br />4 <br />