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201701880
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Last modified
7/28/2017 2:37:03 PM
Creation date
3/28/2017 8:44:47 AM
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DEEDS
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201701880
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2� 17� 188� <br /> by th�s Secur�ty Instrument,Whether or not then due,With the exc�ss, if an�,pa�d to Borrower. Such <br /> Misc�l�ane�us Proceeds shall be app�ied in the order pra��ded for in Section 2. <br /> In the event of a total taking,d�struct�on,ar Ioss in�alue af th�Property,the Miscellan�ous Proc�eds <br /> shall be applzed to the sums secured by this Security Instrun�ent,vvhether or not then due,with the <br /> excess, if an�,paid to Borrower. <br /> In the e�ent of a partial ta.�ing,destructi�n,ar loss in value of the Property in which the fair market <br /> �alue of the Property immediate�y befare the paxtial ta.king, destruction, ar loss in�alue is�qual to <br /> or greater than the amvunt�f th�sums secured by this Security Instrument immediately bef�re the <br /> paxtial taking,destructian, �r lass in�alue,unl�ss Borrower and L�nder otherwise a�ree in writing, <br /> the sums secured by this Secur�ty Instrument sha��be reduced by th�amaunt af the Miscel�aneous <br /> Proceeds mult�plied by the follovving fraction: (a}th�tata.l amount of the sums secured�mmediately <br /> befor�t�he part�al ta.king,destructian,or loss in�alue di��ded by[b}t11e fair market�a�ue of the <br /> Property�mmediately before the partiai tak�ng, destruction, or loss in�alue.Any halax�ce shali be paid <br /> to B orrower. <br /> In the event of a partial ta.king,destruct�on, ar loss in valu�of the Property in wh�ch t.�ie fair market <br /> �alue of the Property imm�diately before the partial taking,destruction,or�oss in value is less than the <br /> arnount of the sums secured immediately bef�re the partial taking,destruction,or loss in value,unless <br /> Borrower and Lender atherwise agree in writing,the Miscellane�us Proceeds shall be applied ta the <br /> sums secured by th�s Secur�ty Instrument whether or nvt the sums are then due. <br /> If th�Property is abandaned by Borrower,or�f,after notice by Lender to BorroWer that the�pp�sing <br /> Party�as defined in the next sentence}offers to mak�an avvard ta settle a claim for damages,Borrower <br /> fai�s t�respond to Lender w�thin 30 days after the date the notice is gi�en,Lender�s authorized ta <br /> co�lect and apply the Mis�ellaneous Pr��eeds either to r�storation or repair�f the Property or t�the <br /> sums secured by this Security Instrument,whether ar not th�n due. "Dpposing Party"means the third <br /> pa.rty that owes Borrower M�s�el�aneous Proceeds�r the party against v�h�m Borr�wer has a right of <br /> actian in regard to Miscellaneous Proceeds. <br /> Borrow�r shal�be in default�f any action or proceeding,vvheth�r civil or criminal, is begun that, in <br /> Lender's�udgment,could result in farfeiture of the Proper�y or other material impairment of Lend�r's <br /> �nterest�n the Pr�perty or r�ghts under th�s Security Instru.ment. Barrawer can cure such a default and, <br /> if accelerati�n has occurred,reinstate as provided in Section �9,by causing the actian or proceeding <br /> t�be dismissed with a ruling that, in Lender's judgment,precludes forfeiture af the Property c�r other <br /> material i_mpairment of Lender's interest in the Property or rights under this Secur�ty Instrument. The <br /> proceeds of any avvard or claim for darnages that are attributable to the impair�ment of Lender's interest <br /> in the Property are h�reby assigned and sha�l be paid to Lender. <br /> All Misce�laneous Proceeds that are not applied t�restoration or repair of the Praperty sha�l be applied <br /> in the order pro�ided for in Se�ti�n Z. <br /> 'I 2. Barr�wer Not Released; Forb�arance By L�nder Not a Vlla��er. E�tension of the <br /> time for payment or modification of amartization af the sums secured by t11is Security Instrument <br /> granted by Lender to Barrawer or any Successor in Interest of Borrawer shall not operate to release <br /> the liab�lity of Borravver ar any 5uccessors in Interest of Borrower. Lend�r shall n�t be required ta <br /> commence proce�dings against any Successor in Interest of Borr�v�er or to refuse to extend time <br /> for payment or ath�rwise modify amortization of the sums secured by this Security Instrument by <br /> reas�n of any demand made by the ariginal Borrower or any Successors in Interest of Borrower. <br /> 23�435847 <br /> NEBRASKA-5ingls Famdy-Fannie MaelFreddie Mac LJNIFQRM iNSTRUMENT Form 30281I�1 <br /> VIUlP� OGI201� <br /> 1N4olters K�uwer Finan�ral Services 2�1?�31 S17 1❑41 D2-J2�1 fi092BY Page 10 vf 1 fi <br />
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