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2� 1 ��3829
<br /> L�AN#: '���5279$"I'I
<br /> !n�he��ent of a tQtal taking,destru�tion,v�lass in vaEu�af th�Prop�rty,the Misce�lan��us Pro�eeds
<br /> shall be appl�ed ta the sums s�cured by�his Security lnstrument,whether or na#�hen du�,vvi�h the excess,
<br /> if any, paid to Borro�nrer.
<br /> In�he even#of a part�al taking,des�ruction,ar fass in�alue of the Pr�perty in which the fair mark���ralue
<br /> of�he Prvperty imm�diately �efor��he partia[�aking, destructi�n, or lass in valUe is equa�to or grea�er
<br /> �han �he amaunt of�he sum� secur�d by this SeGurEty �nstrum�nt immediately before�he partial taking,
<br /> des�ruction, or fass in val�e, un�ess Borrower and L�nder a�herwise agree in writing, the�ums se�ured
<br /> by this Security Ensfir�ument shall b� reduced by the �rnaunt af�he 1UI'rscel�aneaus Prnceeds mu�tiplied
<br /> by th�following fra�tion: �a}the tofiaE amount of fhe sums secured immediately befQre the partial taking,
<br /> destruction, ar lass in value di�id�d by ��� the�air marke�vaiue vf fih� Property immedia��l}� laefore the
<br /> partial taking, destruction, ar loss in value.Any balance shal! be paid to Barrower.
<br /> In the even�of a �aartial taking; destrue�ian, ar Ivss in vafu� of th� Praperty in which �he fair market
<br /> value af the Propert� immedia�e[y b�fore th� partial taking, destruction, vr lvss in�alue is less than the
<br /> amaunt�f the�ums secured immedia�ely before the parkial�aking, destru��ian, al'��55 Ifl V�IIJ�, unless
<br /> Borr�w�r and Lender oth�ruvise agre�in wrEting,the 1111isc�llaneous Proceeds sha!!be applied to the sums
<br /> secured by this 5ecurity �nsfirumenfi whether or nat�he sums are fihen due.
<br /> I�the Prvp�rty is ahandvned by Borr�wer, or�f, a�ter notice by Lender ta Ba�rov�er that�he�pposing
<br /> Party�as defin�d in the n�xt��ntence}ofFers�a make an award tv set�le a claim for damages, B�rrvwer
<br /> fails ta r�s�ond to Lender within 3� days after the date the notic� �s given, Lender is author��ed tv cvl-
<br /> I�ct and app[y the M�scellaneaus Proce�ds either to r�st�ra�ivn ar repair Qf�he Pr�perty or to�he sums
<br /> secur�d by thi� Security Instrum�nt, wh�the�vr na�then due. "�ppasing Party" means the �hird party
<br /> thatowes S��rower M�sc�llaneous Proceeds ar�he party againstwhom Bor�-ow�r has a righf vf action in
<br /> regar�t�Miscellaneous Proceeds.
<br /> Borrovu�r shall be in defaulfi �f any action or proceeding, wheth�r ci��l ar Griminal, is b�gun that, in
<br /> Len�er's�udgment, could result in fvrf�ature of�he Property �r other mafierial impairment o� Lend�r's
<br /> interes�in the Prap�rty ar righ�s under�his S�curi�y Instrumenf. Bvrrower can cure such a default and, if
<br /> accele�a�ion has vccurr�d, re�nsta��as pravjded in Section 18, by causing the actian or procee�in��o be
<br /> di�missed with a rul�ng that, in Lender's judgment, pr�cludes forfei�ure�f the Praperty�r o�her material
<br /> impairment of Lende�r'�interest in the Property vr ri�hts under this Security Ins�rumen�,The proce�ds of
<br /> any award or�laEm fvr damages that are a�tribu�able ta�he impairmenf of Lender's ir�tere�t in th�Property
<br /> at� h�reby assigned and shall be paid to Lender.
<br /> A�l Mis�e�fan�vus Proce�ds that ar�n�t applied t�restoration ar repair of the Property shall be applied
<br /> �n the order pr��i�ed for�n Section�.
<br /> '1'[. Barrower Not�eleased;Forbearance By Lender Nvt a Wair►er.Extension ofthe time fior pay-
<br /> ment ar modificatian o�amor�ization of�he sums secured by�h�s 5ecurity Instrumen�granted by Lender to
<br /> Barrovrrer or any SuGcessor in Interes�af Borr�wer shall not operate ta release the fiabi��ty vf Borrower or
<br /> any 5uccessors�n lnter�st af 6orrow�r. Lender shall no�be required to c�mmen�e proceedings against
<br /> any Suc�essar�n lnterest of 6o�rv�rer ar to r�fuse�a�xtend fim�fo�paym�nt or vtherwise mod�fy amor-
<br /> �i�ati�n of�h�sums�ecured by this Securi� Ins�rumen�by reasvn of any demand ma�e by the originaf
<br /> gorrower or any Succ�ssor� En Interesf of Borrower.Any for�earance by Lender in exercising any right
<br /> or remedy including, wi�h�ut limitation, Lend�r's acceptance �f payments fram 1�hird pe�sons, �n�ities ar
<br /> Succes�ors in fnt�res�o�Bvrrower or in amoun�s ��ss than th�am�unt�h�n due, shall nvt be a vrraiWer
<br /> ��ar preclude i�he ex�rcis�of any right flr r�medy.
<br /> '!�. Jo�nt and Several Liability;Co-signers;Succe�ors and A�si�ns Bound.Ba�rvwer c��renants
<br /> and agr�es that Borrower's alaligativns and lia��lity shali be ja�nt and se�eral. Haw��er, any Barrower
<br /> who co-s�g ns�his Secunty I ns�rumen�bu�daes no�ex�cute the Note�a"co-sig ner"�: (a�is co-sig ning th is
<br /> 5ecurity Instrumentanly to mortgage,grant and c�nveythe�o-signer's in�eres�in�he Pr�p�rty underthe
<br /> terms❑f this Securi�y Ins�rum�n�; �b}i�nv�p�rsanally abfigated�a pay the�ums secured by this Security
<br /> Ins�rumen�; and �c} agrees tha�Lender an� any other B�rrower can a�ree�o e�tend, madify, forlaear or
<br /> make any accamm�dat�ans with r�gard �o�h�terms of this S�curity Instrument�r the Nate w�thvut�h�
<br /> ca-signer's consen�.
<br /> 5ub�ect to �he pra�isions �f S�ction 1�, any Successor in �nterest af Bvrrvwer who assumes Bor
<br /> �ower's ob�igations unde�this 5ecuri�y ins�rument in writing, and is appra�ed by Lender, shall obtain al!
<br /> of Borrawer's rights and benefits under this Security ins�rument. B�rrovtirer shali n�t be released from
<br /> B�rrower's abliga�ians and l�ab�lity und�r�his Securi�y Instrument unl�ss Lend�r agrees ta such rel�ase
<br /> in wri�ing. Th� cov�nants and agreements af this Secu�ii�y lnstrument shall bind �excep�as pro�ided in
<br /> Sec�ian �9} and benefit the successors and assigns of Lender.
<br /> 'I�. Laan �harges. L�nde�r may charge Borr��er�e�s for ser�i�es performed in connection with
<br /> Borrower's default, far the purpose af pratecting Lender's interest in the Praperty and rights untler this
<br /> Security Instrument, �nc�udjng, bu�not limited to, at�arneys'fees, prope�ty inspec�ian and valuation fees.
<br /> Lender may c�11e�t fees and charges aufihorized by the 5ecre�ary. Lender may nvt charge f�es�ha�are
<br /> e�pressiy prahibited by�his Secur�ty Ins�rument❑r b}�Applicable Law.
<br /> If�h� Loan is subjecfi to a �aw which sets maximum I�an charges, and that 1aw is finally int�rprei�ed
<br /> sa tha�th�interes�ar Qther[aan charges cal�ected ar to be calEected in connectian with the Laan e�cceed
<br /> the permitt�d I�rni�s,then: �a}any such foan char�e shal�be�-educed by the amount necessary ta reduce
<br /> the charg� fv the permi�ted limit; and �b} any sum� afready collect�d frarn Borrv�rv�r whieh exe�eded
<br /> IJ�
<br /> NEBRASKA—S€ngle Famify—Fannie N�aelFreddie 11�1ac UNIF�RM INSTRUIUIENT Form 3028�IIO'I _ �
<br /> Madifed for FHA 9l2014(HUD Handbook 4�DQ.1� InIt1aIS:
<br /> E�lie Mae,lnc. page 7 a f�� NEEFHA'�5DE a9�5
<br /> NEEDEED�CLS}
<br /> QCIQ8�2�16�9:16 AIUI PST
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