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201605722
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Last modified
7/24/2017 3:15:59 PM
Creation date
9/1/2016 12:43:59 PM
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DEEDS
Inst Number
201605722
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2� 1 ��5722 <br /> amount of the sums secured�mmediately before the partial taking,destruction,or lass in�alue, unless <br /> Borrower and Lender otherwise agree in writing,the Mis�el�aneous Praceeds shall be applied to the <br /> sums�ecured by this Security Instrument whether or not the sums are then due. <br /> If the Property is abandoned by Borrower,or if,after notice by Ler►der to Borrower that the�pposing <br /> Party�as def ned in the next senten�e}ofFers to make an award to settle a��aim for damages,Borrower <br /> faiis to respond to Lender within 3�d.ays after the date the notice is given, Lender is autharized to <br /> collect and app�y the Misce�lar�eaus Proceeds either to restoration or repair of the Properly or to the <br /> sums secured by this Security�nstrument,vWhether ar not then due. "�ppos�ng Party" means the third <br /> party that awes Barrawer Miscel�aneous Proceeds or th�par�y against whom Borrower has a right of <br /> act�on in regard to Miscellanevus Proceeds. <br /> Borrower shall b� in defaui�if any act�on ox proceeding,whether ci�i�or criminal, is begun that, in <br /> Lend�r's j udgment,couid resuit�n forfeiture of the ProperLy or o�h�r material impa�rment af Lender's <br /> interest in the Proper�y or rights under this Securit��In�trum�nt. �orrvwer ca,n cure such a default and, <br /> if acce�eration has��curred,reinstate as pro�ided in Section l9,by causing the action or proceeding <br /> to be di sm issed w�th a rui�ng that, in Lender's j udgment,precludes forfe iture of the Property or other <br /> material impairment of Lender's interest in the Property�r rights under this Security Instrument. The <br /> praceeds af any award or c�aim for damages that are attributa.b�e ta the impairment of Lender's interest <br /> in the Property are hereby assigned and shall be pa�d to Lender. <br /> All Miscel�aneous Proceeds that are nat applied to restaration�r repair of the Property shall be appiied <br /> in the order pro�ided for in Section 2. <br /> �!Z. Borrower N�t Released; Forbearance 8y Lender Not a Vllai�er. Extensian of the <br /> time for payment or modif cation of amart�zation of the sums secured by this Security Instrument <br /> granted by Lender to Borrower or any Successor in Interest of Borrower shal�not operate to release <br /> the iiability af Borrower or any Suc�essars �n Interest of Barrower. Lender sha�1 nat he required to <br /> commence proceedings against any Successor in Interest of Borrower or to refuse to extend time <br /> for payment or otherwise modify amortizatian of the sums secured by this Security Instrument by <br /> reason of any demand made by the original Borrower or any Successors in Interest of Borrawer. <br /> Any forbeara.nce by Lender in exercisi.t�g any right or remedy including,without limitation, Lender's <br /> acceptance of payments fram third persons,entities ar Successors in Interest of Borrower or in <br /> amounts less than the amaunt then due, shall not be a waiver of or prec lude the exerc ise of any right ar <br /> remedy. <br /> 'i 3. Joint and 5e�eral Liabi�ity; Co-s�g ners; 5 uccessors and Assig ns Bou nd. Borrower <br /> co�enants and agrees that Borrower'�obligations and liabi�ity shali be joint and se�eral.However, <br /> any Borrawer who ca-signs this Security Instrument but does nat execute the�ote(a"co-signer"): <br /> �a} is ca-s�gning this 5ecurity Instrument vnly to mortga�e,grant and con�ey the co-signer's interest <br /> in the Praperty under the terms af this Security Instrument;(b}�s not pers�nal�y�bligated ta pay the <br /> sums secured by this Security Instrument;and�c}agrees that Lender ar�d any other Barrower car� <br /> agree to extend,modify,forbear or make any accommodations wi�h regard to the terms of this Security <br /> Instrument or the Note without the co-signer's consen.t. <br /> HCFG-0�359 <br /> NEBRASKA-5ingle Family-F�nnis MaelFreddie Mac�NIF�RM INSTRUMENT F��g��� <br /> ��, oar�s <br /> lAl�lters Kluwer Ftnancial Servires 2�1fi482315.3.2.3509-J�Q160426Y Page 11 o�f t7 <br /> . . <br />
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