|
2� 17�254�
<br /> campleted ta Lender's satis�actian,prvv�ded that such inspection sha[I be undertaken promptly.Lender
<br /> may pay f�r the repairs and restara�ian in a s�ngle disbursement or in a series a�progress payments
<br /> as the work is comp�eted. Unless an agreement is made in v;rr�ting a�Applica�Le Law requires interes�
<br /> to be paid on such�tl�iscellaneous Proceeds,L�nder shall nvt be required to pay Borrower any ir�terest
<br /> ar earnings❑n such Miscel�aneous Praceeds.if�he res�oration or repair is not economically feasible❑r
<br /> Lende�'s security vrou�d be lessen�d,the Miscellaneaus Pro�eeds shall be applied to the sums secured
<br /> by this Security�nstrument,wf�efhe�or no��hen due,w�th the excess, €f any, paid to Borrower. Such
<br /> Misceflaneous Praceeds shai!be applied in the order provided far in Se�tion 2.
<br /> In the even�of a totai taking,destruc�ion,vr lvss in�alue of the Praperty,the Miscellaneous Pro�eeds
<br /> shal� be appfied �o the sums secured by this S�curi�y instrument,whether or nn�then due,with the
<br /> excess,if any,paid�o Borrower.
<br /> In the e�ent of a pa�t�a�taking,des�ructior�,vr lass in vafue v�the Property i��►+vhich the fair market
<br /> value v�th�Pr�per�y immediately befvre the pa�ial taking,des#ructivni vr[oss in�alue is equal to or
<br /> great��than the amount vf the sums secu�ed by this Security Inst�um�nt immediately hefore fhe pa�tial
<br /> taking,destruction,❑r Ioss€n value,un�ess Borrower and Lende�ofherwise agr�e in writ�ng,the sums
<br /> secured by this Security Instrument shal# be reduced by the amaunt af the ��sce��aneous Proceeds
<br /> multip[�ed by the fvllowing fractian: (a}the tatal arn�unt af the sums secu�ed immed�ate[y be�ore the
<br /> pa�tiai taking,destruc#ion,or�oss in Waiue di�ided by��}the�ai�market value of the Praper�y�mmediately
<br /> before the par��a�taking,d�S�CLiGtiDn,flr foss in value.Any baiance shal�be paid#�Bvrrvv�er.
<br /> ln the event a�a partia[taking,destruc�ion,or[o�s in�alue af the Praperty in which�he fa�r market
<br /> value of the Prvperty imm�diately b��ore the par�iai�ak�ng,destruc�ion,v�lvss in�aiue is[ess than the
<br /> arnou�7t of the sums secured immediately be�ore the partial�aking:destruction,or loss in value,unless
<br /> Barrovver and Lender athenfvise agree�n wri�ing,the �isce�la��eous Proceeds sha�I�e applied to the
<br /> sums secured by this Security Instrumer��vvheth�r ar no#the sums are the��due.
<br /> I�the Prope�ty is abandaned by Bv�rower,or if,after n�ti�e by Lender to Borro�ver that the apposing �
<br /> Pa�fy�as d�fined in�he next sen#ence3 affe�s ta make an award tv s�ttle a c�aim for damages,Ba��ower
<br /> fai[s�o r�spond tv Lender vu�thin 3U days af�er the da�e the notice is g�ven,��nd�r is auth�rized to cof�ec�
<br /> and appfy�he Misce�ianeous Proceeds either to rest�rat�on or repair of the Property or ta the sums
<br /> secured by this 5ecur�ty�ns�rumen�,vuhe�her or noi then due."appvsing Party"means the third party
<br /> that��es Borrawer Miscel�aneous Proceeds or the party against vvhvm Borrvwer has a rig��t of action
<br /> �n regard ta Nliscel�anea�s Pro�eeds.
<br /> Borro�ver sha�l b�in d��au[t if any aGtion or p�oc�eding,��rhe�her civi!v�crimina�,is begun thaf,in
<br /> Lender's judgment, �ou[d �esult in for�ei�ur�:Qf the Praper�y o�ather materia� impa�rment of Lender's
<br /> in�e��s�in the P�ope�y or rights unde�-th�s S�cur�ty�ns�rur�nent.Borrov�r�r can cure such a de�ault and,
<br /> i�accelerat�an has accurr�d,reinstate as provided�n Sectian �9,b�causing�h�activn vr praceeding
<br /> to be dismissed with a ruling#hat, in Lender's judgment, prec[udes fo�fieiture of#he P�ope�#y fl�ot��er
<br /> mat�rial impairment vf Lender's interest in the Prv�ae�y or rights under th�s Security Instrument.The
<br /> pr�ceeds of any award o�c�aim far damages that ar�at�r�butable tv the impairment of�ender's�nterest
<br /> in the Praperty ar�h�r�by assigr�ed ar�d sh�fl be paid�o L�nde�.
<br /> A1f Miscel�aneous Proceeds that are not apptied �o restarafion ❑r repair of the Praperty sha[€ be
<br /> �ppli�d in the ord�r provided for in S�ctifln�.
<br /> 7 2. Bvrrower Not Released; Fvrbearance By L�nder Nv�a 1l11aiver. Ext�nsion of tt���im�fo�
<br /> paym�nt o�mvdifiGatian of amortizatian ofi the sums s�cured by�his Security lnstrur��ent granfed by
<br /> Lender to Borro�ver or any Successor in �nteres�vf Bvrrovuer sha[[not vperate�❑release the I�abifity
<br /> of Barrower or an�+ Suc�essors in Interes� o�E3�rrower. Lender sha[[ not be �equired �a cammence
<br /> pro�eedings aga�ns�any Successor in Interest�f Bvrrower or ta refuse to ext�nd�ime far payment ar
<br /> athenrv�se m�dif}r amortization of the sums secured by th�s Security[nst�ument by reason of any demand
<br /> made by the orig�nal Borrovver or any 5uccessors in In�erest o�Barrowe�.Any forbearance by Lender
<br /> in exerc�sing any righ�or r�medy includ�ng,without Iimitatian, Lende�'s acceptan�e of payments�rom
<br /> #hird persvns,�ntities or�uccessors in In�erest o�gvrro�rer or in amounfs kess than�he amount then
<br /> du�,shal[not b�a wa�ver��vr prec�ude the exerc�se ofi any r�ght or remedy.
<br /> �3. Jointand 5e�erat Liability;Co-signers;SuGcessvrs and Assigns Baund.Bvrro�ver co�enants
<br /> and agrees tha�Barrower's obl�gatio��s and liab��ity sha��be joint and se�eral.Hov4re�er,any Borrower
<br /> usrhn ca-�ign�thi����u�ity Instr�ment�ut da��not ex��u�e the�lfl�e�a"c�-s��ner'��:{�}i���-�ic�nin�t�i�
<br /> Security Ins�rument vn�y�o mortgage,grar�t and can�ey the ca�signer's in�erest in the Property under
<br /> the terms of this 5ecu�it}�instrument; (b}is r�vt pers�naliy obligated ta pay the sums secured by�f�is
<br /> Security instrument;and �c}agr�es that Lender and any ather Borravver can agree to extend,modify,
<br /> forbear or make any accommoda�ians wifh rega�d ta the terms o�this Security Ins�rumen�or the Nvte
<br /> with�ut the ca-signe�'s consent.
<br /> Subject to �he pro�isions af Secti�r� 1 S, any Successor in fnte�es� of Bar��wer vvho assumes
<br /> gorrower's obligations under�his Securi�y lnstrumen��n w�i�ing,ar�d is approved by Lender,shall vbtain
<br /> afl of Bvrrawer's rights and benefts under tf�is Secur�ty�nstrum�nt.gorrvwer shaf[no�be released from
<br /> Borrvwer's ob[igativns and iiabi�ity under this Secu�ity Instrument un�ess Lende�-agrees to such release
<br /> in writing.The covenan�s and agreements v�this Securify Instrument shali bind�except as provided in
<br /> 5e�tivn 2�}and benefit the successars and ass�gns❑f Lend��.
<br /> 14. Lvan Charges.Lender may charge Borrower fees far serv�ces performed in Gonnection vri�h
<br /> Borrower's d�fault,far the purpose of�rotecti��g Lende�'s interest i��the Property and rights under this
<br /> 5ecurity Instrumen�,includir�g,but not[��nited�o,a�torneys'fees,praperty inspect�an and valuation fees.
<br /> �n�egard�o any❑ther fees,the abs�n�e af express authority in this Security Instn�ment ta charge a
<br /> specifc fee to Barrower sha��no�be canstrued as a prvhibition an the charging of such fee.Lender ma�
<br /> not charge fees that are expressly p�ohibited by th�s Security�nstrument or by Appiicable Law.
<br /> NEBRAS�CA--Sir�gle Family--Fannie III#�elFredd'€e�Nac UNIF�RNi 1N5TRUMENT Form 3028'�10'�
<br /> Ellie Ma�,���. Page 7 of 1� NEUDEED �4�5
<br /> NEU�EE��CLS}
<br /> �� ... .r
<br /> �
<br /> .. .
<br /> .
<br /> .
<br />
|