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<br /> 2� 1 ���857 �
<br /> In the event nf a t�tal tak�ng, destru+ction, or l�ss in vatue�f th�Property, the Miscellanenus Proceeds shall be
<br /> applied to the sums se�ured by this Security Instrument, whe�her ar not then due, with th� exCess, if ariy, paid tQ
<br /> Bc�rrvwer.
<br /> In the event af a partial taking, dest�uction, or�oss in �alu�of the Pr�perty in which the fair market valu�of
<br /> th�Praperty immed�ately befor�the part�al taking, destructi�n, or loss in value is equal to�r gr�ater than the am�unt
<br /> af the sums secured by�his Security Instrument�mrrzediately bef�re the partial takin�, des�ruction, vr lass in�alue,
<br /> unless Borr�wer and Lender otherwise agree�n writing, the sums s�cured by th�s Security Instrument sha11 be reduced
<br /> by the am�unt of the Miscellaneous Pr�ceeds multiplied by the following fraction: ��}th�t�ta1 arnount of the sums
<br /> secured immediately before the par�ial taking, destru�tian, �r loss in value divided by�b}the fair mark�t�a1ue of the
<br /> Proper�y immediately before th�partial tal�ing, destruction, or loss in value. A�iy balan�e sha�1 be paid to Bor�ov�rer..
<br /> In the e�ent of a partial taking, destructian, or loss�n va�ue of the Pr�perty in wh�ch the fair market value of
<br /> the Property imme�ia�ely b�fore the partial taking, �iestruGtion� or loss in value is less than the amaunt of�he sums
<br /> secured�mmediately befare�he partial taking, des�ruction, or loss in�a�u�, unless Barrower and L�nder oth�rwise
<br />� agree in wri�ing, th�Miscellaneaus Proceeds sha11 be applied to t�e sums secured by this Security Instrument whether
<br /> ar not the sums are then due.
<br /> If the Praperty is abandoned by Borrvwer,or if; aft�r��tice by Lender ta Barrawer that the�pposing Party(as
<br /> defin�d in the next sent�nce) offers �o make an award to settl� a�laim for damages, B�rrow�r fails to respond ta
<br /> L�nder vvithin 30 days aft�r the date the notice is given, Lender is authorized to collect and apply the Miscellaneous
<br />� Proce�ds either to restoratian or repair�f the Prop�rty ar ta the sums secured by this Security Instrument, whether
<br /> ar not�hen due. "�pposing Party" means the third party that ow�s Borrower Miscel�a.ne�us Proceeds or the par�y
<br /> against whom Borrower has a r�ght of actian in regard to Miscellaneous�'roceeds.
<br />! Barrawer shall be in default if any action or proCeeding, whether civil or crimina�, is b�gun�hat, in Lender's
<br /> judgment, cauld result in forfeiture of the Property or other material irnpa,irmen�of Lender's interest in the Property
<br /> or rights under this Security Instrument. Borrower can cure such a default and; if acceierati�n has�ccurred,reinstate
<br /> as pr�vided in Section 18, by causing the action or praceeding ta be d�smissed with a ruling that, in Lender's
<br />; judgment, precludes f�rfeiture of th�Property or other mat�rial impairment nf Lender's interest in th�Proper�ty or
<br /> righ�s ur�d�r this Secur�ty Instrument. The pro�eeds�f any award or claim for d.am�ges that are attributable ta�he
<br /> �mpairment�f Lender's inter�st in the Property are hereby assigned arid shall be paid to L�n�i�r.
<br /> AIl Miscellaneous Proceeds�hat are nvt applied to restnratian�r repair of the Praperty shall be applied in the
<br /> order prav�ded for in Sectinn 2.
<br /> 11. Borrower Nat Released; Forbearance By Lender No�a Wa�ver. Extension of the time f�r payment or
<br /> moc�ificatiion of amartization af�h�sums secured by this Security Instrument granted by Lender to Borrower or any
<br />� Successar in Interest of B�rrovver shall nat operate to rel�ase the liahil�ty of Borrower or any Successors in In�erest
<br /> �f Borrnwer. Lender shall not be required to commence proceedings again�t any Success�r in Interest of Borrower
<br /> or to refuse �o �xtend time f�r payment or �therwise madify am�rtization af the sums secured by this Security
<br />! �nstrument by reasnr�of any demand made by the original Borrower or any Successors in Int�rest of Borrower. Any
<br /> forbearanee by Lender in �xercising any right or remedy in�luding, without linutat�on, Lender's acceptance of
<br /> payments frvm third persans, entities or Successors in Irtterest of Borrower or in arnaunts less than the amount th�n
<br /> due, sha�l nat be a vvai�er of fl�r preclud�the�xercise of a�y right or rem�dy.
<br />; 12. Jaint and Se�eral Liability; �o-sign�rs; Succe�sors an�Assigns Buund.Borrower covenants and agre�s
<br /> that Borrower's abligations and liability sha�l be�oint and several.However,any Barrower who�o-signs thi5 Security
<br /> �nstrument but does n�t ex�cute th�Note�a"co-signer"}: �a�is co-signing this Security Instrument only to mortgage,
<br /> grant and convey the co-signer's interest in the Praperty under the term� of�his Security �nstrument; �b) is not
<br /> p�rsonally obligated tfl pay�h� sums se�ured by this Security Instrument; and�e� agrees that Lend�r and ar�y�ther
<br /> Borrower can agree to ext�nd, modify, forbear or make any accommodat�ons with re�ard to th�terms of this Securi�y
<br /> Instrum�nt or the Nate with�ut the co-si�ner's cor�sent.
<br /> Subject to the provisians of Section 17, any Successor in Int�r��t of Borrower who assumes Borro�v�r's
<br /> �bligat�oMs under this Security Instrumen�in vvriting, and is approved by Lender,shal�obtain all of Borrower's rights
<br /> and ben�fits und�r this S�curity Ins�rument. Borrower shall not be released from Borrower's obligations and liabi�ity
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<br /> NESRASKA FH�aEED QF TRI�ST-NIERS Do�lHagic
<br /> N ED�TZ2.FHA �9114115 Page S o� 'I� www,c�ocmag�c.corr�
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