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201601856
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7/23/2017 10:24:38 AM
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3/30/2016 9:53:20 AM
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201601856
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i <br /> ' i . 2� 1 �� 185� � <br /> � i <br /> L�AN#: 1 fi��5151'I <br /> am�unt flf the sums secure� imm�diat�ly �efo���he p�rtial taking, destruc�ion, or loss in �a�ue, un�ess <br /> �o�rfl�ver and Len��r otherv�ris� ag�ee in writing, th� Mis�ellan��us Proce�ds sha�l b� appii�d ta �he <br /> sums �ecured �y this �e�urity �nstrument wheth�r ar nat�h�sums�re then due. <br /> If th�Property is abandoned by��rrower,�r if, aft��n�ti�e by Len�er�o B�rrawer that the C�pposing <br />; Part�r�as def�ned in�he next s�ntence}affers�o make an award�o se��e a clai�far d�amages, Borrovver <br />� fa�ls tfl�espand�o Lende�wi�hin��days aft���h�date the nfl�ic�is giv�n, Lender�s authorized ta c�ll�ct <br />� <br /> and ap�ly th� Misce�lan�vus P'roce�ds �ither ta rest�ration or repair �f the Rrap�r�y or to �h� sums <br />� se�ured by �his S�curity Instrument, whe�her ar not then �ue. "�ppasing Rarty" means th� third p�rty <br />� <br /> i tha�ov�res Borrov�er�11�isce�lane�us Pr�ce�ds or�he party against►nrhom Barrower has a righ�of action <br />' in r��ard to Miscel��n�aus Praceeds. <br />� <br />� Borrawer shall �e �n defau�� if any acti�n or proceed�ng, v�h�ther c�vil or crimina�, is b�gun tha�, in <br />; Lender's judgmen�, cauld result in forfeitur� of�he Prop�rty or o�her mat�rial impai�men� ofi L�nder's <br />� �n#�rest in the �rape�y ar rights und�r this Security Instrument. Barrower ean cure such � defa�lt and, <br /> i if acceleratian has accurred, reins�ate as provid�d in Section 19, by causing th� act��n �� proceeding <br /> �a be dismissed �vith a ruling t�at, �n Lender's judgment, precludes f��f�iture �f�he Praperty vr other <br /> materia� impairment of Lender's �nte�es� in th� Pr�p�rty ar right� under�his Security Instrum�nt. Th� <br /> pr�ceeds��any a�vard ar claim for damages that are a�tribu�ab�e�o the impa�rmen�of Lender's interest <br /> in the F'rop�rty�re her�by assigned and shal! b� paid ta Lend�r. <br /> A�I Misce��an��us Proceeds that are not applied to restora�ion ar repair af the F'roperty sha�! be <br /> applied in the�r�er�rov�ded for in S�ct��n �. <br /> 1�. BQrrvwer Nat Re�eased; F�r��arance By Lender Not a 11lrai��r. Extens�Qn of the time for <br /> paymen� ar m�dificat�on of amortization af th� sur�ns secured by �his Security Instrument granted b}� <br /> Lend�r to Borr�w�r or any Succ�ssa� in in��r�est of B�rrflwer shall n�# operate t� r�lease the liabilit� <br /> of B�rrower �r any Succ�ssor� in in#eres# of B�rrower. Lender shall nat be �equir�d to commence <br /> proce�d�ngs against any Su�c�ssvr in �nt�r�s�of Barrower a��� r�fuse �� ext�n� tim� for payment or <br /> athe�wis�modify am�rt�zati�n�f�h�sums se�ur�d by this Security Instrumen�by r�ason�f any der�and <br /> made b}� the original B�rrower or any Successars in Int�rest of Borrow�r.An� farbearance by Lend�r <br /> �n �x�rcising any ri�ht or rem�dy inciuding, wi�hou� i�mi�ation, L�nder's a���p�ance of paym��r��from <br /> third persons, en�i���s or �uccess�rs in Interest of go�rower�r in amounts less than �h� amount t�en <br /> du�, shall not b� a wai��r af or preclu��the exercise�f any right�r rem�dy. <br /> �3. J��nt and Se��ral L�abil�ty;C�-signers;5uccessors and Assigns Bound.Borrower cauenants <br /> and agre�s that gorr���r's obiiga�ions and liabi�ity shall be joint and several. However, any Bor�ow�r <br /> �n►ho co-signs th�s�ecurity Instrumen�but da�s not�x�cu��the Note�a"co-signer"}: �a}�s co-signing this <br /> S�curity ins�rumen�on�y t� martgage, grant and conw��1 #he co-sign�r's interes� in th� Proper�y under <br /> the t�rms �f�his �ecurity Instrument; �b} is no� per�onally a��igat�d t� pay th� sums secur�d by th�s <br /> Security Instrument; and �c} agre�s that Lend�r and any o�her Barrower can agree to �xt�nd, modify, <br /> forb�ar or mak� any accommoda�ions wi�h regard ���h� terms ���his Security fnstrurn�nt or the N�te <br /> wi�hout the co-sign�r's c�ns�nt. <br /> 5ubje�t �o �he pravisions of 5ecti�n �8, any Successor in I nter�st �f Borrovver who assumes <br /> Borr�w�r's abligations und�r�his Security Instrument in writing, and is approv�d by L�nder, $hal�o�tain <br /> a�l of Borrawer's rights and �enefits under this Se�ur�ty�nstrumen�. Borr�wer shall not�e rel�ase�fr�m <br /> Barrow�r's obligations and I�ability under this�ecuri�y Instrum�nt un�ess L�nder agre�s to such �el�a�� <br /> �n writing. Th�cov�nants and agr�emen�s of th�s Security Ins�rument shali bind �exc�pt as pro�ided in <br /> Section 2Q} and ben�fit the successors and assigns�f L�nder. <br /> '�4. L�an Charges. L�nder may cha�g� Bvr�ower fees far s�rvices performe� in c�nnectivn �vith <br /> Bvrro�v�r's defaul�, for the purpos�of prot�cting L�nder's �nteres�in the Property and righ�s under�his <br /> Securit�Instrument, includin�, but not��mit�d to,attorney�'fees; pro��rty inspe�tion and valua�ion fe�s. <br /> !n r�g�rd to any other fee�, �he ab��nc� of�xpress authori�r in this Securit}r lnstrument ta charg� a <br /> spec�fi�fee to Barrower shall t�ot be c�nstrued as a prohib�tion�n�he charg�ng�f such fe�. Lend�r may <br /> not�harge fe��that are expressiy prahibi�ed �y this�ec�rity �nstrumen��r by App�ica�l� Law. <br /> If the L�an is sub�ect to a !aw whic� sets maxim�m I�an �ha�ges, and t�a#lav��s f�nally interpreted <br /> �o�hat the[n��rest or athe��oan charg�s c��f�cted or�o b���Ilected in cflnn�cti�n with th�Loan exceed <br /> �he p�rm���d�imits,�I�en: �a}any such loan Gharge shall be reduced by�he�maun�r�eces�ary to red��e <br /> �h� charge �o the permitt�d limit; and �b� �ny sums a�r�ady cQi�ected fr�m Barrow�r which exceeded <br /> p�rm��ted �im�ts will be r�fund�d #o B�rr�wer. Lende�may choose t� make this refund b� re�ucing the <br /> principal owed und�r th�IVote or b� making a dire�fi payment to Barrower. I�a refund re�uc�s princi�al, <br /> �he reduction v�i#1 be treat�d as a par�ial prepayment���haut any prepa�ment charg� �wheth�r�r na�a <br /> �r�payment charge is prvvid�d f�� under the Not�}. Borro►�ver's accept�nc� of any such refund made <br /> by direct payment ta Borrower w�ll consti�ut�a wai�rer of any right�f ac�ion Borrawer m�ght ha�e arising <br /> aut af such oWer�har�e. <br /> 15. lVatic�s.A�f notic�s�i�en by Borrow�r�r L�nder in�onnection w��h this Securi�y lnstrum�nt mus� <br /> �e�n writing.Any notic�to B�rrvwer ir�c�nn�ctian u���h this 5�cur�ty Instrumen#shall be deemed�a ha�e <br /> been given t� Borrower wher� mailed �y fiir��c�as� ma�l or v�rhen actuaily�el��ered ta Borraw�r's notice <br /> address if sent by�ther means. NQ�ice tv any one E�o�raw�r shal�canstitute no�ice��a�!Borrow�rs unl�ss <br /> Applicable Law expressly requires othe�ise. The notice a�dress shail be the Prop�rty ,ddress unless <br /> � <br /> Initiais: � <br /> NEBRASKAw-Single Family--Fannie IVIaelFreddie Ill�ac UNIF�RM INSTRUMENT Farm 3028'�f0�1 <br /> Ellie Mae,�nc. Page 8 of 11 NEEDEED �3�5 <br /> NEEDEED��LS} <br /> �21�912�16 0�:56 PM PST <br /> �� <br /> . <br />
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