Laserfiche WebLink
2� 1 ��8745 <br /> In the�vent af a�artial taking, d�st�-u�tion, t3r�ass in value of the Property in �vh�ch the fair market <br /> value af the Property imr�ediate�y bef�re the pa�:�al takin�, destructi�n, or tos� in �a�ue is less than the <br /> amoun�of the sums se�ured i�nm�dia�elv befare��e par��al taking, destruction, or loss in �aiue, unless <br /> Borrower�nd Lender�therw�se a�re� in wrriting,the Miscel�aneous Praceeds shall be�pplied to the <br /> sums secured by this Security �nstrument v��he�her�r na�the sums are then due. <br /> If the Property is abandoned hy Borrower, or if, af��r noti�e byr Lender to Borrawer that the �pposing <br /> Par�y �as d�f�r�ed in the next sentence�offers tc�make an award to settle a c�a�m for damages, Borrower <br /> fails to res�ond to Lender v��ithi�3� days after th� dat�the noti�e is gi�en, L�nder is authorized to <br /> ��ilect and apply the M i�c��lane�us Prac��ds eith�r ta restoration or repair�f the Property or to the <br /> sums secured by tl�is Securi� �ns�rumer�t, ��vhether or not then due. "�pposin� Party" means�he third <br /> party tha���u�s Borrawe�M�scellane�us Proceeds�r the party agaii�st wh�m Borrower has a righ�af <br /> acti�n �n regard to M�s�e��aneous Pr�ceeds. <br /> Borrow�r shall b� in d�f�ult�f an}��a�tiQn �r proce�din�, whether ci�il ar criminal, is b�gun that, in <br /> Lender's judgment, could result in forf�itur�af the Prope�-�.y or other ma�erial irnpairment flf Lender's <br /> interest in the Property or rights under this Security Ir�strument. Borr��ver can �ure such a d�fau�lt and, <br /> if accelerati�n has occurred,reinsta�e a�provi�ed �n Sec�ion 19, by causing the action or proceeding <br /> to be dismissed vvith a ruling that, in Lend�r's_jud�ment, �reelude�f�rfeiture of the Praperty or ather <br /> ma�erial impairment�f Lender's interest in the Proper�y or rights under this Security Instrument. The <br /> proceeds of any award ar claim for datnages that are attr�butable to the �mpairment of Lender's ir�teres# <br /> in the Property are hereby assign�d and sha11 be paid�o �ender. <br /> All Mi�cellaneous Prace�ds that are nat appl ied tc� restoratian or repair of the Praperty shall be applied <br /> in the order�ro�ided f�r in Section ?. <br /> '�2. Borr�w�r Not Rel�ased; Forb�arar��� B� l�ender Nat a Vliaiver. Extension of the <br /> time f�r paymen��r modific�tion �f amorti�ation of the sums secured�y�this Security Instrume�� <br /> grante�by Ler�der ta Borr�wer�r a�y Successor in Interest�f Borro►�ver shall n�t operate ta release <br /> �he iiahi�ity of B�rra�uer ar�.ny Success�rs ir� Inter�st of Borr��ver. Lender shall not be r�qu�red to <br /> commence proceedings agains�any Successor�n Interest�f Borro���r�r to refuse to e��end time <br /> far payment ar oth�rwise�nQdify am�rtizatior�af t��e sums sec��red by th�s Security �nstrument by <br /> reason Qf�.ny de�nar�d made�y th�oriainai Borrower or�nv S��ccesso�-s i�� Interest of Borrower. <br /> Any f�rbear�nce by Lender i�� ex�rcis�n�anu ri�ht or rerne�iy in�luding, without iir�n�tati�n, Lender's <br /> ac�epta�ce of�ayments from th�rd p�rs�ns, e��i�ies�r S�cces�ors ln Interest of B�rrower or in <br /> amounts less than the amount then du�, s��a�� �1ot be a wa�v�r�f or pre�:lude the exercise of any right or <br /> remedy. <br /> 13. J�int and Se�eral L�abiiity; ��-s�gners; �u�ces�ors and Assigr�s �ound. Barro�er <br /> covenants ar�d agrees that Borrow�r's ob�iga�ions and liability sha�� be joint and s��eral. Howe�er, <br /> any Borr�wer who co-signs this Secur�ty I�st�ument but does not�xecute the Nvte�a"c�-signer"}: <br /> (a} is co-signing this Security Instrument only to�martgage, grant and con�ey the co,s�gner's interest <br /> in the Property under th�t�rms of this S�curitV Instrument; �b} �s n�t personatty obl�gated ta pay the <br /> sums �ecured by this S�cur�ty �nstrument; and(c}agrees that Lender and any�ther Borrower can <br /> agree ta extend,madify, forbear or make any accommodat�ons ��ith regard ta the terms of th�s Security <br /> Instrument ar the Note without the�o-signer's�ansent. <br /> H�FG-����� �4o3zoo7�s��3 <br /> NEgRASKA-Single Family-Fannie MaelFreddie Mac�1NiFC3F�M IN�TF�IJMEN-E' Farm 3Q�8 11�1 <br /> VMP�7 04l1 fi <br /> Walters Kluwer Financial Ser�i�es 2�1612�I915.3.�.35�?�-.���1s47'21Y Page��of�7 <br /> � �� <br />