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2� 17� 1237
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<br /> completed to Lender's satisfactivn,prvvide�that such insp�ction s#�all be undertak�n promp�ly.Lender
<br /> may pay�or the repairs and r�s�orativn in a single dishurs�ment or in a s��ies of progress payrnents
<br /> as the wark is comp�eted. Unfess an agreement is made in writing or Applicable Law requi�es interest
<br /> ta be paid on su�h Misc�llaneaus Proceeds,Lender sha�[not be required ta pay Borrower any inter�st
<br /> vr eamings on such Mis�ellaneous Praceeds.!f the res#vration or repa�r is not econamically#�easible or
<br /> Lender's seGuri#y wvuld be lessened,th�Miscel�aneous P�oce�dS shall be app��ed�o th�sums secured
<br /> by th�s 5ecurity Instrument,whe�her or not then due,with the excess,�f any,paid tv Borrower. Such
<br /> Miscel�aneous Pr�ceeds shall be applied in the ord�r provided for in S��t�vn 2.
<br /> �n the eWent af a tota[taking,destructivn,vr loss in ualue af the Praperty,th�N�iscetta�eous Praceeds
<br /> shall he app�ied to#he sums secure� by this 5�curity Instrument,whether ar nv�th�n due,with the
<br /> excess,i�any,paid to Barrvwer.
<br /> 1n the e�ent of a part�a�taking,destruction,vr Ioss in�alue vf the Prvperty�n which the fair market
<br /> value of#he Property immediately before the partial#aking,destructrvn,ar�oss�n�alue is equal to�r
<br /> great�t�than the amvunt of the sums seGured by#his Security Instrument immediat�ly be�nre the pa�tial
<br /> taking,destruction,ar loss in vatue,unless B��owe�and Lender otherwise agree in writing,the sums
<br /> secured by th�s 5ecurity Instrument shall be reduced by the am�unt af the Ill�isce�laneous Prviceeds
<br /> muftiplied hy the�vflowing fraction: [a}the tvtal arnaunt v�the sums secured immediately befor�#he
<br /> partial taking,destruc#ion,or fvss in value di�ided by�b}the fair marke#value of the Praperty immediately
<br /> be�or�#he partia�tak�ng,destructivn,❑r Ivss in value.Any balance shall be paid to Bvrrower.
<br /> In the euent o�a partiai taking,destruct�on,a�-[oss in v�lue vf the Prv�perty i��f�4ch��e#ai�mas-4ce�
<br /> ►►alue❑f the Property immediate[y before the part�al taking,destr-uc#ion,or loss in�alue is fess than the
<br /> amount vf the sums secured immediately bef�r�e the�art�a�takEng,destruciian,ar foss in value,unless
<br /> Borrower and Lender vtheR-rrvise agree in writing,the Misr�ellanevus P�aceeds shail be applied to the
<br /> sums secured by this Securi#�r Instrument►nrhether or nat the sums are then due.
<br /> If the Prvperty is abandoned by Barrvwer,or if,after nv#ice by Lender ta Bflrrower that the�pposing
<br /> Party{as defned in the next sentence�off�rs ta make an award to settle a claEm for damages,�arrower
<br /> fa�ls tv respond�v Lens��r wi�hin 3�days afte�the date the nvtice is giWen,Lend�r is authorized to�v!lect
<br /> and apply th��Nliscel�anevus Proceeds either to restvrafiion ar repair af the Property vr to#he sums
<br /> secured by this Se�urity lnstrumen#,whether❑r nat then due."appos�ng Party"means the th�rd party
<br /> #ha�awes 8orrower Nliscei�anevus Pro�eeds❑r�he party against whorn Borrower has a right af action
<br /> in regard to�Vl�scellaneau�Proceeds.
<br /> Borrower shall be in default if any acti�n vr proce�ding,whether civil or criminal,is begun that,in
<br /> Len�er's�udgment,could result in farfei�ure�f the Prop�rty v�ather material impairment of Lender's
<br /> �nterest�n the Proper�y ar�gh�s under�his Securi�y!ns#rument.Bvrrower can�u�e such a de#ault a�d,
<br /> �f acce�e�ation has vccurred,reirtstate as prvvided in Sectian�9,by causin�the act�on or�raceeding
<br /> to be d�sm�ss�eci wi#h a�uling that,in L.ender's judgmen�,pr��ludes farfei#ure of the P�roperty❑r other
<br /> ma#eria�im�aairment vf Lender's interes�in#h�Property nr rig�ts unde�this Security lnstr�ument.The
<br /> proce�eds�f any award or c�aim fvr damages�hat are attribu�ab�e to the impa�rment o�Lender's interest
<br /> in the Pro�erty are hereby assigned and shalC he paid to Lend�r.
<br /> A11 l�A�scel�aneaus Praceeds that ar�no#appli�d tv restaration or repa�r o�the Praperty shal�be
<br /> applied in the order proWided fo�in Section Z.
<br /> 7�. Bvrro�r N�vt Re[eased; farbearance By Lender Nat a Waiver,Extension a€the t�me fa�
<br /> pa�rmen#vr modificativn o#amvrti�ation afi th�sums secured by th�s 5ecuri#y Ins#rument granted by
<br /> Lender tv Borr��rer ar any Successor in �n#erest o�Bvrrvwer shal!not operate to release the liabilit�r
<br /> of Bam�wer or any Su�cessvrs in �nterest vf�orrower. Lender shall nvt be required tv cammence
<br /> praceedings against any 5uccessar in In#erest n�8arrvwer vr#o refuse to ex#�nd time for paym�n#ar
<br /> �therwise r�odi'fy amortization o���e sums secured by�his S�curity Instrument by reason vf any demand
<br /> mad�:by#he original Barravrrer or any Successors in In#eres#of 8orrower.Any�arbearance by Lender
<br /> in exercising any,right v�rem�dy inr�uding,w�thvu�iimitation,Lend�r's acc�ptance of payments frvm
<br /> third persans,entities or Successors in ln��rest af Borrower ar in amvun#s les�than the amount then
<br /> due,sha�[nv�be a waiver o�vr pr�c�ude the exer�se of any right or remedy.
<br /> '�3.Jvintand 5e�era�Liabiiity;Ca-sign�rs;Su�cessars and Assigns�ound.8orrowercovenants
<br /> and agre�s that Sor�ower's obligations and liability shaii be join#and se�erat.Hvwever,any Borroirrer
<br /> who co-signs this Securi#y instrument but do�s not execute the Nate�a"co-signe�"}:�a}is cv-signing#his
<br /> Security Instrument nnly to martgage,grant and canvey the co-s�gner's intecest in the Property under
<br /> the terms of this Security Instrument; �b}is not personalfy�bligated to pay#he sums secured by#his
<br /> 5e�urity Instrum�nt;and{c}agrees th�t L�nder and any other Borrower r.an agree#o extend,modify,
<br /> �nrbear vr make any acc�mmodativns�vith regard to�he terms vf this Secur�ty instrumen�or the IVote
<br /> withaut the co-signer's cansen#.
<br /> Subjec�to the pr��isi�ns of 5ec�ion 18, any 5uccessor in �ntecest v�Borrawer who assurnes
<br /> Borrower's obiigations under this Se�ur�ty Instrument in writing,and is appraved by Lender,shali vbtain
<br /> all vf Borrower's rights and b�nefits under th�s Security Instrument.Borrvwer shall not be re�eased fram
<br /> Borrower's vbligativns and liab�lity under this Security Instrument unless Lender agre�s ta such releas�
<br /> in writing.The co�enants and agreements vf�his Security�nstrumen#shall t�ind�exGep�as pra�ided in
<br /> 5ection 2�)and benef t the successar-s and as��gns of Lender.
<br /> 'I�. Laan Charges.Lender may charge Bo�-ro�ver fees fvr se�vices per�vrmed in ccannection with
<br /> Borrawe�'s default,for the purp�se af prvtecting Lende�'s in#eres#in the Proper#y and rights under this
<br /> Se�urity�nstrument,including,but not limited to,attomeys'�ees,prvperty inspection�nd�aluation�ees.
<br /> in�egard to any ath�r fees,#he absence o�express authvrity in this Securify Ins#rument tv charge a
<br /> specific fee tv Bvrrow�r shall not be�anstrued as a pr�hihi#ian on the�harging o�such fee.Lender may
<br /> not charge fees tha#are expressly prohibi�ed by�h�s Securi#y tns�rument flr hy Applicable Law.
<br /> NEBRASFCA--Si�gle Famiiy--Fannie MaelFreddie Mac 11NIFC3RM lNSTRLlMENT Form 3D28'�Ia'1
<br /> Elhe Mae,Inc Pag�7 of 1� NEUDEED D4'15
<br /> NEUaEE❑�CLS}
<br /> 0211412017 D2 27 PM P5T
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