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201607266
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Last modified
7/28/2017 8:47:12 AM
Creation date
11/1/2016 9:28:36 AM
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201607266
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2� 1 ��72�� <br /> interest from the da�e �f disbursemen� a� �h� sam� ra�e assessed on ad�ances under �he �antract and shal� be <br /> payable,Wi�h in��res�,upon not�ce from Lender to Borrow�r reyues��z�g paymen�. <br /> Inspection. Lender ar ��s agent may make reasonab�e er�tries up�n and znspec��ons �f the Praper�y. Lender shall <br /> gzve Barro�ver notice a��he t�me of or prior�o an znspec��an specify�ng reasonab�e cause for the�nspec��on. <br /> �nndemnat�an. The proceeds af any award or claim far damages, dzrec�or conse�uent�a�, zn cannectiian with any <br /> candemr�ation�r other�ak�ng af any par�of�he Property, ar far cflnveyance in�zeu�f condemna�ian, are hereby <br /> ass�gned and shall be paid ta Lender. <br /> �n the e�ent of a �otaZ �aking of�h� Property, the proceeds shall be applied to �he sums secured by this Security <br /> �ns�rurn.en�, whether or n�� �hen due, �.th ariy excess paid �o Borrower. In the event of a par�ia� �a�ng �f th.e <br /> Properfiy in which the fair marke�value of the Proper�y immediate�y before the �aking �s equal �� ar grea��r�han <br /> �he amount of the sums secured by this Secur�ty �nstru.�men� �mmedia�ely befare �he �a�ing, un�ess Barra�ver and <br /> Lender o�herwise agree �n wr�t�ng, the sums secured hy�hzs Secur��y I�.strument sha�l be reduced by�he amount of <br /> �he proceeds mult�pl�ed by�he fol�owing fract�on: �a}�he���a.l amount of�he sums secured imrn�d�ate�y before�he <br /> �ak.i�.g, dzv�ded by �b� �h� fair marke�value of the Property immed�ately before �he �aking. Any ba�ance sha�� b� <br /> paid to Borrov►rer. In the event of a partial taking of�he Propez-�y in wh�ch �he fa�r market value af the Pr�perty <br /> immediately before �he ta.king is less than �he amoun� of the sums se�ured immed�a�e�y before the �akxng, unless <br /> B�rrovver ar�d Lender��herwise agree in wri�ing or u�a�ess Appl�cable Lavv ath�rw�se provxd�s, �he proceeds shal� <br /> be app�ied tia the sums secured by�h�s Security�ns�rument whether or n���he sums ar��hen due. <br /> �f�he Property is abandoned by Barrovt�er, or if, after r�o�ice by Lender to I3arravver t�iat the �ondemnor offers ta <br /> make an award ar settle a claim fQr damages,�3orr�wer fails to respand to Lender Wi�hin�he mirllmum riurnber of <br /> days es�ablished by Applicab�e La,t7v a�.er the date th.e n�tzce�s g�ven,L��zder�s au�hor�2ed to co��e�t and app�y�he <br /> proce�ds, a� i�s �ption, ei�her �o res�ara�ion or repair of�he Proper�y or �a �he sums secured by this Securi�y <br /> �ns�r�x�men�,�vhe�her or nfl��.a�n due. <br /> Unless Lender and Borrovver otherwise agre� in wrfting, an�applica�ion of pr�ceeds to prznc�pa� sha�� no�ex�end <br /> ar pos�pane�he due da�e af the paymen��due u�der the Con�rac�or change�he amaunt of such pa�tnents. <br /> BorraVver Nflt Released; Forbearan�e By Lend�r N�t a Waiver. Exfensian �f the ��me for paymen� or <br /> modzf cat�on af amor�iza�ian af the sums secured by �his Security Ins�rument gran�ed by Lender �o B orrnvver or <br /> any suc�essor i.n �r��erest of B�rrovver sha�� not operate �o release the liability af �he ar�g�na1 Borrawer ar <br /> Borrower's successars �n znteres�. Lender shal�not b�requ�red to cammence proceed�ngs agains�an�successor�n <br /> �n�erest ar refus��o�xtend�ime for payment ar otherwi.se rnod�fy amor�i�ation of�h.e sums secured b��his Secur�ty <br /> �nstrurnent by reason of any demand made by the �r�gzna� BorroWer ar Barrower's successors �n in�eres�. A�y <br /> forbearance by Lender in exercising any right or remedy shall nat be a waiver of or preclude the exercise of any <br /> righ��r remedy. <br /> Suc�es�ors and Ass�.gns Bound; Jnint and Severax Lia�ility; Ac�ommudation Signers. The cavenan#s and <br /> agreements of this Securi�j Ins�rument sh���bind and�enef t the su���ssors and ass�gns af Lend�r and Barrovver, <br /> subject to the pravisions of sec��on t��led Transfer af �he Property or a Benefic�al Interest �in Borrower. <br /> Borrawer's cavenants and a�r�em�n�s sha11 be j oint and sevez aI. Any person tivho co-signs�his Security��.strumen� <br /> but has no perso�al liab�I�ty under �he Cantracx �"Ac�ommodation Signer"�: �a} zs �v-signing this 5�cur�ty <br /> �instrument an1�r �� mor�gage, grar�� ar�d canvey that Acc�mmadation Szgner's interest in the Praperty under �h� <br /> �erms �f the Secu.ri�y Ins�rum�nt; (b} is ��t persona��y �bliga�ed to pay the sums secured �y th�s Security <br /> �ns�rurnent; and�c} agrees�ha�Lend�r and any�ther Barrower may agree�a extend,madify, forbear or make any <br /> accommada�ions�vi�h regard to�he terms of th�.s Securi�y Ins�rument ar the Contrac�vvzthou�tha�Accommoda��an <br /> Signer's consent. <br /> Loan Charges. �f�he loan secured �y thzs 5ecurity Instrument �s subj ect �o a �avv w�iich se�s maximum Iaan <br /> charges, and tha�Iavv is fna�ly xnterpretied s�tha��he in�eres�or other�aan charges co��ected�r to be co��ec�ed�n <br /> cannec�ian vvith the loan exceed the permi��ed �zmi�s, then: �a} any su�h Ioan charge shall be reduced by �he <br /> am�un�necessary�o reduce �he charge to�he permitted li.mits and �b} any sums already ca�lec�ed fr�m Borro�ver <br /> vvhich exceed�d perm��ted l�m�ts vtrill be refunded tio Borrotiver. Lender may chaose to make �h�� refund by <br /> reducing �he principal ov��d under the C�n�ract or by making a d�rec�paymen��o BarroWer. �f a refund reduces <br /> principal,�he reduc�ion vvi��be treated as a�ar�za�prepayment uxzd�r�he Contract. <br /> Notice�. Any notice to B�rrawer provid�d for in �his 5ecurity �ns�rumen� sha11 be given by delivering z� �r by <br /> mailing�t by f rs�class mail un�ess App�icable La�v requ�res use�f another method. The na�i�e shall be directed�o <br /> �he Praper�y Address �r any nther address Barrower des�gn.a�es by not�ce t� Lender. Barr��ver agrees ti� prav�de <br /> Lender with Borrawer's most curren�ma��ing address, as �t may change from�ime-�o-�t�me. Any notice ta Lender <br /> shall be g�ven by f rs�c�ass mail ta Lender's address stated herein ar any other address Lender de�igna�es by no�ice <br /> ta Borrov�er. Any not�ee pravided for in�his Se�urity Ins�rurnen�shall be deemed�a have been given to Borrower <br /> or Lender�vhe�.given as provided in�h�s paragraph. <br /> Gov�rning Law; Se�erahi��ty.This Secuaritiy Ins�rumen�shall be governed by federal law and�he lavvs of the sta�e <br /> of Nebraska. �n the event that any provision ar clause of th�s S ecuri�y �ns�rume�� ar �he Contract con�l�c�s wzth <br /> Applicab�e Law, such Confl�c� sha�� n�� affect o�her prov�s�ons �f this S�curity Instrumer�� or th� ��n�ract whzch <br /> can be given effec�wi�hout�h.�c�nf��c�ing provisian. Ta�his end the pro�is�o��of this Securi�y Ins�rumen�and�he <br /> C�ntrac�are declared ta be se�erab�e. <br /> Sorrower's�opy.Borrovver sha�I be given one co�y af thzs Securi�y Znstrument. <br /> Q 2404-2D�5 Camptiance Systems,Ir�c.fi I 8A-41 FD-Z�I 5.I2,3.I.I 115 <br /> Cans►amer Rea�Estate-Secursty Ir�stniment I3L2a35 Page 3 af 5 www.compIiancesystems,com <br />
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