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201603868
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Last modified
7/24/2017 2:14:54 PM
Creation date
6/23/2016 10:21:57 AM
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201603868
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2� 1 ��38�8 <br /> zn�eres� fram �he da�e of disbursemen� a� �he same rate assessed on advances under the �flntrac� and sha�� be <br /> pa�al��e,vvzth in�erest,upan n���ce from Lender�a Borravver reques�zng payment. <br /> In�pe��.vn. Lender or its agent may make reasonab�e en�r�es upon and inspec�iar�s of the Proper��. Lender sha�� <br /> gxve Barravver na�ice at�he t�me af or prior�o an inspec��an specifying reasanable cause fflr�he�nspec�ion. <br /> Cnndemnat��n. The proceeds of any award or c�aim far damage�, direct�r consequentza�, in cannection vrrith any <br /> candemna�ion�r ather takzng of any part of�he Property, or for conveyance in lieu of conden�na�zon, are h�reby <br /> assigned and shall be paid to Lend�r. <br /> In �he event of a to�a� tal��ng of the Property, �he prnce�ds shall be applied to �he sums secured by �h�s Security <br /> �ns�rumen�, �whe�her or not then due, with any excess pa�d ta Bnrrawer. In �he e�r��.� of a par��a� tiaking of�he <br /> Praperty in wh�ch the fair market va�ue af�he Pro�er�y�mmediately b�fore th� taking �s equal �a or greater than <br /> �he amount of the sums secured by this Security �ns�.-urnen� immedia�ely before the �aking, un�ess Borro�rer and <br /> Lender a�herwise a�ree in wri�ing,the sums secured by�his Securzty Ins�rumen�sha�l he reduced by�he amaun�of <br /> �he proceeds multiplied by�he f�IlaW�ng�rac�i�n: (a��he t�tal am�un�af�he sums secured immediately�efor��he <br /> �aking, d�vzded by �b} �h� fa�r marke� �a�ue of the Praperty�mmed�a�e�y bef�re �he tak�ng. Any ba�ance sha�l be <br /> paid �a Borravver. In the even� of a partia� �aking of the Property in v►rh�ch the fazr marke�va�ue af the Praperty <br /> immedia�e��befflre �he �a�ing is �ess �han �he amount of the sums secured �rnmedzat��y befnre �he �ak�.n.g, un�e�s <br /> Borrower and Lender otherwzse agree �n wri�ing or unless Applicable Lavv o�he�-v��se pravides, �he proceeds sha�1 <br /> be applied�n�he sums secured by th�s Securi�y�nstrumen�whe�her or no�the surn�are�hen due. <br /> �f�h.e Pr�per�y is aband�ned by Barro�ver, or xf, after not�ce by Lender�o Borrov�er tha�the condemnor offers to <br /> m.ake an aWard ar�et��e a claim for damages, Borr�wer fails�a respond�o Lender�wzthzn�he m.znzmum number of <br /> days es�ablishe�.by Applicable Law af�er�h�date the n��ice is g�ven,Lender�s au�horzzed to cal�e��and apply the <br /> proceeds, at its option, eith�r ta res�oration ar repa�r af the Proper�y �r �a the sums secured by this Securzty <br /> �ns�rumen�.,whe�her or not then due. <br /> Unless Lender and Barro�ver o�herwise agree in wri�ing, any applicatzon �f pro�eeds to pr�ncipa� shall na�extend <br /> or p�s�pone�he due da�e vf�he paymen�s due under�he��n�rac�or chang��he amaunt of such payments. <br /> Borrower Not Re�eaSed; Forbearance By Lender Not a �"a��er. Ex�ens�on af the time for payment or <br /> mnd�f�ca�.�on af am�r�ization of�he sums secured by �h�s Security �ns�umen� granted �by Lender to Barro�r►�er or <br /> any successar �n �n�eres� af B�rrow�r sha11 na� operate �o release �he l�abi�ity af th� nrig�nal Borr�vver ar <br /> Ba�'�W�rlS SL�CCESSQrS 1.�1 111�Er�S�. Lender sha11 na�be requzred to c�mmence pra�eed�ngs against any successor in <br /> interest or refuse ta extend�zme for payment ar o�herwise m�d�fy amort�za�ion of the sums secured by this S�cu.rzty <br /> �nstrumen� by reason of any demand made by �he origina� Barrovtrer �r Borrower's successors �n �nteres�. Any <br /> forbearance by Le�der i.n�xercising any rzgh�or remedy sha��n��be a vvaiver of or preclude �he exercise of any <br /> right ar rem�dy. <br /> Sueeessors and Ass�.gns Bound; Jvi.nt and Several. L�abilit�; A�commQdation Signers. Th� co�enan�s and <br /> agreeme�ts �f�his Securxty�nstrumen�sha1�bind and benef t the successors and assigns of Lender and B�rr�wer, <br /> subj ect to �he pr�vzs�ans af sec�i�n �itled Transfer of �h� Proper�y or a Bene�cia� Interest �n Borrawer. <br /> Borrov�er's covenants and agreemen�s shall be jaint and several. Any person,who ca-signs this Securi�y�nstrument <br /> but has no per�anal liabil�ty under �h� �on�ract ("Accommodation Szgner"}: �a} �s �o-�szgning th�s Security <br /> ��astrum�nt on1� to mortgage, gran� and Gonvey �ha� Accommodation Signer's interes� in �he Praperry under the <br /> terms of the SeGurity Instrurne�t; (b} is no� personal�y ob�igated �o pay �he sums s�cured by �his Security <br /> �nstrumen�; and�c} agree��ha�Lender and any�ther Borrovver may agree�o ex�end, mod�fy, forbear or make an� <br /> acc�mmoda�ians,txrz�h regard�a �he terms af�hi.s Security�ns�rument ar�he C��trac��vith�ut�hat Accornmoda�ion <br /> Signer's consent. <br /> Loan �harges. �f the �oan secured by �hzs Securi�r �ns�rument �s subj ec� �o a �aw v►�hich se�s maximum �aan <br /> charges, and�ha�law is f nal1��nterpreted so tha��he interes�or other l�an charges co��ec�ed ar�o be collected zn <br /> Gannectzon wi�h �he �aan exceed the permitted limits, then: �a� any such loan charge shall be reduced b� the <br /> amoun�necessary ta reduce the charge �o the permitted Iimits and tb} any sums already c���ected from Barr�wer <br /> vvh�ch �xceeded permi��ed Iirnits vvi�� be refunded �o B�rr�,wer. Lender may chaose �o make thzs refund by <br /> reducing �he principa� Qwed und�r �he �on�ract ar by makxng a direct payment t� Borrower. Zf a refund reduces <br /> princ�pa�,�he reduc�ion wi11 be treated as a par�ia�prepayment under�he�ontrac�. <br /> Nv�i�es. Ariy nat��e �a Borrow�r provided for in this Securi�y �ns�rument sha�� be given by de�ivering it or by <br /> mai�ing i�by first c�ass rnail un�ess Applicab�e La,t�v requxres use of another method. The no�ice sha��be direc�ed to <br /> �he Praperty Address or any a�her address Borrotiver design.ates by na�xce �a Lender. Borrower agre�s to prov�de <br /> Lender vv�th Barrower's most curren�mailing add.ress, as it may change from�ime-ta-��me. Any notice �a Lender <br /> shal�be given by f rst class mail t�Lender's address stated herein�r any other address Lender des�gna�es by not�c� <br /> ta Barrovver. Any notice provided f�r in this Security�nstrument shall be deemed�o have been gzven ta Borrawer <br /> or Lender vvhen given as pro�rided�n�hfs paragraph. <br /> �a�erning LaVv; Severabili�y.Th�s Secua-�ty Ins�rum.ent shal�be g�verned by federal�a,w and�he Iaws�f�he s�a.�e <br /> �f Nebraska. �n �he �vent tha� any praviszon or clause af�h�s Security�ns�rument or �he Contrac� c�xxf�ic�s v�rith <br /> Appli�ab�e Law, such cQnflzc� shall not affec� a�her prov�s�ans af th�s Secur�ty�nstrumen� or the Gontxact which <br /> can be gzven effect vv�th�ut�h�canflic��ng proviszon. To�h�s end�he provisions of�his Security Instrument and the <br /> Cantrac�are dec�ared�o be s�verab�e. <br /> Borrovtrer�s Copy.Borrawer shal�be give�.one c�py of�his Secur�ty Instrumen�. <br /> C�2464-2015 CompIiance Systems,Iz�c.8�5�-FC4d-2�15,11.3.��98 <br /> Cansumer Rea�Estate-Sec�r�ty Tnstrument I]L2�36 Pa�e 3 vf 5 www.compliancesystems.cam <br />
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