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� 2� 1 ��4815
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<br /> In the e�ent of a total taking, destruc�ion, or Ioss in value of the Property, �he Miscellaneou�Proce�ds shal�be
<br /> applied to the surns secured by this Security Instrument, whether or nat then due, with the �xeess, if any, pa�d to
<br /> Borrawer.
<br /> In the event of a partial taking, destruc��on, �r�oss in �alue af the Pr�perty in which�he fair market�alue of
<br /> the Proper�y immediately before the par��a��aking, des�ruc�ion, or loss in�alue is equal ta or greater than�he amaunt
<br /> of the sums secured by this Secur�ty�nstrument immediately before the part�al taking, destruction, or lass in va�ue,
<br /> un�ess Borrower and Lender atherwise agree in writing, the sums secured by this Security Instrument shall be reduced
<br /> by the amoun�of the Miscellaneous Proceeds multiplied by the fal�awing fractian: �a}the total amount af the sums
<br /> secured immediately hefare the partial taking, destruc�ian, or Ioss in vaiue divided by�b�the fair market�a�ue of�he
<br /> Property�mmediateiy before�h.e part�al�aking, destructi�n, or lass in va�ue. Any halance shall be paid t�Borrower.
<br /> In the even�of a part�al taking, destructian, or loss in�alue af the Property in vvh�ch the fair market�alue of
<br /> the Property immediately�efflre the partia�taking, destructivn, ar Ioss in value is less than the amnunt of the sums
<br /> secured immed�ately bef�re�he part�a��aking, destructian, �r loss in value, unless Barrower and Lender a�herw�se
<br /> agree in writing, the M�scellaneous Proceeds shall be applied to th�sums secured by�h�s Security�nstrum�nt whether
<br /> or not the sums are then due.
<br /> If�he Property is abandoned by Bnrrower,or if, after notice by Lender to Borrov�er tha�the�pposing Par�y�as
<br /> defined in�he nex� sen�ence� offers to make an award to settle a claim for damages, Borrower fa�ls �o respond to
<br /> Lender�vithin 34 days after the date the nat�ce is gi�en, Lender is authorized ta coliect and ap�Iy the Miscel�aneous
<br />: Proceeds either ta restoratzon or repair of the Property or to the sums secured by th�s Seeuri�y Ins�rument, whether
<br /> or not�hen due. "�pposing Party" means the third party�hat awes Borrower Miscel�aneous Froceeds ar the party
<br /> aga�nst whom Borrawer has a righ�of actian in regard ta Misce�laneous Proceeds.
<br /> Borrower shall be in default�f any ac�ian ar�roceeding, whether civil or crimina�, is�egun that, in Len�ier's
<br /> judgment, couid result in forfexture af the Property or other material impairmeza�of Lend�r's interes�in the Property
<br /> or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred,reinstate
<br /> as pro�ided in Section �9, by causing the act�on ar proceeding to be dismissed with a ruling that, in Lrender's
<br /> judgment, precludes forfe��ure of the Property or other materia�impairment vf Lender's interest�n the Pro�er�y or
<br /> r�gh�s under th�s Securi�y Instrument. The proceeds of any award ar cla�m for d.amages that are attributable ta the
<br /> irnpairment af Lender's interest in the Proper�y are hereby assigned and sha11 be paid to Lender.
<br />; All Miscelianeaus Proc�eds tha� are not appli�d ta restora#ion or repair of the Property shall be applied�n th►�
<br /> order provided for�n Sectian 2.
<br /> 12. Borrower Not Released; Forbearanee gy Lender Not a�Vaiver. Extension of the time for�ayment vr
<br /> madifi�ation of amortxzation af the sums secured by th�s Security rnstrument granted by Lender to Borrov�er or any -
<br /> Successor in�nterest�f Borrawer shall not operate to release the �iabz�ity of Borrower or any Successors in Interest
<br /> of Barrower. Lender sha�l nat be required to cammence proceed�ngs agaznst any Successor in Interest of Borrower
<br /> or to refuse to extend tzme for paymen� or otherwise modify am�rtization of#he sums secured by th�s Security
<br /> Instrument by reasan of any demand made�y the original Barrower or any Successars in Interest of Borrower. Any
<br /> forbearance by Lender in exercising any right or remedy ineluding, without �imitativn, Lender's accep�ance �f
<br /> payments fram third persons, entities vr Successors�n Interes�of Barrower or in amaunts less than the amaunt�hen
<br /> due, sha11 not he a wa�ver of or preclude the exercise af any righ�or remedy.
<br /> 13. Joint and Se�era�Liab��ity; Co-signers;Su�cessars and Assigns Bound. Borrawer covenants and agr�es
<br /> �hat Bvrrow�r's obligations and iiabitity shall be join�and se�era�. Howe�er,any Borrower�ho co-signs this Security
<br /> Ins�rumen�but does not execute the Note�a"co-signer"}: �a}is co-signing this Security Instrurnen��nly�o mortgage,
<br /> grant and con�ey the co-signer's interest in the Property under �he �erms of this Security �nstrument; �b} is no�
<br /> persona�iy abligated ta pay the sums secured by this Security Instrument; and�c}agrees�ha�Lender and any other
<br /> Barrower can agr�e to extend, modify, forbear or make any accommodations with regard ta the terms of this Security
<br /> �n�trument ar the Note without the co-sig�aer's c�nsent.
<br /> Sub�ect to the provisians of Section 1 S, any Successor in Interest af Borrawer who assumes Barrower's
<br /> obligatians under this Security Instrument in�rriting, and is appro�ed by Lender, shall ob�ain alI of Borro�ver's righ�s
<br /> and benefits under this Secur�ty Instrument. Borrawer shal�nv�be released from Borrower's oblzga�ions and Iiability
<br /> NEBRA5I�A--Singfe Family--Fannie MaelFreddie Mac UNiFQRM fNSTRUMENT� MERS Dr�cA�a��G Q
<br /> Form 3028 11�'! Page 9 of 15 www.dac�r,agic.�Qn�
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