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<br /> �n the e�ent vf a tota�taking, destructian, or loss in ualue of the Property, the Miscelianeous Proceeds sha11 be
<br /> applied ta the sums secured by �his Security Instrument, whether or not then due, with�he excess, if any, paid to
<br /> Bo.rrawer.
<br /> Tn the e�ent of a partial taking, destruction, or lvss in va�ue of the Proper�y in which the fair market�a�ue of
<br /> th�Property immedia�ely before the partial tak�ing, destructian, �r l�ss in value is equal�o or grea�er than the amount
<br /> of the sums se�ured by th�s Secu.rity Instrurnent immed�at��y before the�ar�ial tal�ing, des�ruction, ar lass in�a�ue,
<br /> unl�ss Borrower and Lender�therwise agree in writing, �he sums secured by th�s Securi�y�nstrurnen�sha�l be reduced
<br /> by the amount of the Miscellaneous Proceeds multip�ied by the follovWing fraction: �a}the tota� amount of�he sums
<br /> secured immediately�efore�he par�ia�taking, destruc�ion, or loss in�alue di�ided by�b}tihe fair market�alue of the
<br /> Property immediately befare the partial�aking, destruction, or�oss in�a1ue. Any ba�ance sha11 be paid to Borrower.
<br /> In the e�ent of a partial taking, des�ruct�on, ar �oss �n�alue of the Praperty in which�he fair market�alue of
<br /> the Pr�perty immediately before the partial taking, des�ructinn, or l�ss in�alue is less than the amount of the sums
<br /> secured irnmediately befare the part�a�taking, destruction, or loss in �a�ue, unless Borrower and Lender �therwise
<br /> agree in wri�ing, the Miscellaneous Proceeds shall be app�ied tv the sums secured by this�ecurity Instrument whether
<br /> vr not�h�sums are then due. �
<br /> � �f the Property is abandoned b�Borrawer,or if, af�er notic�by Lender to Borrawer that the�ppos�ng Party�as
<br /> defined in the next sentenc�} offers to mal�e an award ta settle a ciaim �f�r damages, Borrower fails ta respond to
<br /> Lender within 3�days af�er the date the no�ice is gi�en, L�nder is autharized�o colle�t and apply the Miscellaneaus
<br /> Proceeds either to restoration or repair of the Property or�a the sums secured b}�this Security Instrument, whether
<br /> or nat then due. "�pposing Par�y" means the �hird party tha� awes Borrawer Mis�e�laneous Proceeds ar�he party
<br /> a�ainst whom Borrower has a right of action�n regard to Miscellane�us Proceeds.
<br /> Borrower shall be in defau��if any action or pr�ceeding, whether ci�i1 or criminai, is begun tihat, in Lender's
<br /> judgment, could result�n forfeitu.re of the Property or o�her material irnpairment of Lender's�nteres�in the Property
<br /> ar rights under th�s Security�nstrument. Barrawer can cure such a default and, if accelera�inn has occurr�d,reinstate
<br /> as pro�ided in Sec�ion �8, by Gausing the ac�ion or pro�eeding tiv be dismissed with a rul ing that, in Lender's
<br /> judgment, precludes forfe�ture of the Propert�or other material impairmen�of Lender's interes��n the Propert}�or
<br /> righ�s under this Security �nstrument. The pro��eds�f any award�r claim for damages tha� are attributable to the
<br /> i_mpau-ment of Lender's interest�n the Property are here�y ass�gned and shall�e paid to Lender.
<br /> A�1 Miscellaneous Prviceeds that are not applied to rest�ra�ion or repa�r of the Property shall be applied in the
<br /> arder pro�ided far in Section 2.
<br /> 11. Barrower Not Re�eased; Forbearance By Lender Not a Wai�er. Extension of the time for payment or
<br /> mod�ficatian af amortization af the sums secured�y this Security Instrumen�granted by Lender to Borrow�r or any
<br /> Successor in Interes�of BorravWer shall not operate�o release the liability of Borrovver ar any Successors in�nterest
<br /> of Borrower. Lender shall no�be required�o commence proceedings against any Successor in Interest of Borrower
<br /> or tv refuse t� ex�end time for paymen� or otherwise modxfy amortiza.�ion of the sums secured by �his Security
<br /> Instrument by reason af any demand made by the origxnal Borrower or any Successors in Interes�of Borrower. Any
<br /> forbearance by Lender in exercising any right or rernec�y including, without limita�ion, Lender's acceptance of
<br /> paymen�s from�hird pers�ns, en�ities�r Successars in Interest of BorravWer ar in amaun�s less than the amount then
<br /> due, shal�not be a wai�er of or preclude the exercise of any right�r remedy.
<br /> 12. Joint and Se�eral Liabi�ity; �a-sigaers; SucceSsors and As�ign�Baund. Borrower ca�enants and agrees
<br /> that Borrower's obligations and liability sha11 be joint and se�eral.Howe�er,any Borrower wh�ca-signs this Security
<br /> Instrument but does not execut�the Note�a"co-sig�ner"}: �a}is c�-signing this Security�nstrumen�on�y to mortgage,
<br /> gran� and con�ey the c�-signer's �nteres� in �he Property under the terrns of this Security Instrument; �b} is not
<br /> personally obligated t� pay the sums secured by this Security Instrument; and�c} agr�es tha�Lender and an� other
<br /> Borrower can agree to extend,modify, f�rbear�r make any accommodations with regard to the terms of this Security
<br /> Instrumen�ar the Nvte wi�hout the ca- signer's consent. _
<br /> Subj ect �o the pr�visions of Section �7, any Su�cessor in Interes� of Borrower who assumes B�rravver's
<br /> obligations under this Security Instrument in writi.ng, and is approved by Lender, shall obtain al1 of Borrower's rights
<br /> and benefits under this Security Instrument. Borrower shall not be released fram BorrovWer's ob�igati�ns and liability
<br /> �
<br /> NEBRASKA FHA DEED�F TRUST- MERS DacNlagi� �
<br /> N ED�TZ�.FHA �91141�� Pag e 8 of �3 www.docmagic.com
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