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2� 17�2�78
<br /> comp�eted to L�nder's satisfactivn,prv�ided that suc�inspectior�shal[be ur�de�take��p�omp�ly.Lender
<br /> may pay�or the repairs and restoration in a s�ngle disbursement vr in a series vf pragress payments
<br /> as the wnrk is completed.Unless an agreement is made in w��ting or Applicabfe�aw requires in�erest
<br /> to be paid on such�isce�laneous Proceeds,Lender shall nat be requ�red to pay Ba��owe�r any�nterest
<br /> ar earnings on such M�sce[laneaus Praceeds.�f�he restoration vr repair i�not eG�namical�y feasib�e or
<br /> �ender's securi�y would he fessened,the Misce�laneous Proceeds shall be app[ied to the sums secur�d
<br /> by this Security (nstrument!�rrhether o�no�then due,v��th the excess, if any, paid tv Borrower. Su�h
<br /> �111�scel[anevus Proceeds shal�be applied in the order proWided for in Section�.
<br /> !n th�e�ent of a total�aking,d�struc�ian,orloss€n�a�ue ofthe Prope�y,the Miscel�aneous Prviceeds
<br /> shaif be app[ied to the sums secured by this 5ecurity Instrument,wheth�r or not then due,with the
<br /> ex�ess,�f any,paid to gorrvwer.
<br /> In the even#o�a pa�t�al taking,destructivr�,or ioss in Wa1ue af the Property in which the fa��market
<br /> value of#he P�vperty immediate[y befvre the partial taking,destruct�on,o�loss in�a�ue�s equal to vr
<br /> grea#er than the amount vf the sums secured by this Security�nstrument immediately before the part�al
<br /> taking,destruction,or[oss in vafue,unless Borrower and Lender othen�vise agree in writing,the sums
<br /> secured by this Se�urity lnstrumen�shall he reduced by the amount of the M�scellaneous F'roceeds
<br /> mu�tip�ied by the faf�awing fraction: �a}�he tvtal amaunt of the �ums secured immed�ately be�ore the
<br /> part€al taking,destruction,vr�oss ir�value di�ided by�b}the fair market value o€fhe Prope�y immediately
<br /> before the partial taking,destructian,or lass in valu�.An�r bafance shall b�pa�d t�Bnrrower.
<br /> In�he e�ent of a partial taking,destructionf or loss in�a�ue of the Property in v�rhich the fai�market
<br /> �a[ue a�the Prvperty�mm�diately before the partial taking,dest�uctivn,vr lass in�alue is�ess than fhe
<br /> amount flf th�sums secured imm�dia#eiy b�fvre the partial taking,destruction,vr loss in Walue,un�ess
<br /> Borro►rver and Lender otherwise agree�n writing,the M�scellat�eous P�oceeds shall he applied t❑t��e
<br /> sums seGured by tl�is 5ecurity�nstrument whethe�or na�the sums are th�t�due.
<br /> if the Proper�y is abandoned�y Bo�rower,or if,affer r�otice by Lender to Barrower that the t7pposing
<br /> Party�as defined in the next senf�nce��ffers tv make an award t�s�ti�e a c�aim for damages,gfl�rov�rer
<br /> fa�is fo respand tv Lender within 3Q days af�er fhe da�e fhe notice is given,�ender is authari�ed�o cal�ect
<br /> and appfy the Miscellanevus Pro�eeds either t❑ restoration or repair of the Prvperty vr�a the sums
<br /> secured by�his 5ecu��ty Inst�ument,whether or nat then due."Qpposir�g Par�y'�rr�eans the�hi�d party
<br /> that o�ves Bor�av�er Misce[[aneous Proceeds or t�e party against��rhom Borrower has a r�gh�o�act�on
<br /> in rega€�d to Misce![an�ous P�oceeds.
<br /> Borro�ver shali be in d�fault if a�y action�r pro�eed�ng,�vh�ther civil or cr�minal,is begun that,in
<br /> Lender's�udgment, �ou[d result in fv�eiture of the Properfy vr other ma#er�a[impairmer�t vf Lender'�
<br /> �nterest in the�'�operty o�righ�s under�his Se�urity Ir�strun�ent.Barro�rer�an cure such a defauft and,
<br /> if acce[eration has a�curred,�eir�state as provided in Section 19,by causir�g the action or praceed�ng
<br /> t�be dismi�sed�rifh a ruling that, in Lende�'s judgmen�,precludes forfeiture of the Praper��r or❑t��er
<br /> ma�eria!impairment of Lender's interest in the Property or r�ghts und�r tf�is Security Inst�Ument.The
<br /> proceeds of any award or claim for damages#ha�are at�ribu�ab[e to fhe impairmen�o�Lender's in#erest
<br /> in the Prope�#y ar�hereby ass�gned and shal��e paid ta L�nder.
<br /> A!I Mis�e!laneous Proce�ds that are not applied t❑ restaration vr repair af the Property sha[f he
<br /> appii�d in th�order provid�d far-ir�Section�.
<br /> �2. Barrovirer No€Re[eased; Fa�bearance E3y Lender CVa�a V�laiver. Extensian of the time�or
<br /> payment or madif catian af amvrt��ation o�the sums seGured by this Security Instrument granted by
<br /> Lender�o Borrower vr ar�y Successvr€n 1n#erest of Sorrower sha[!not operate to re[ease the l�abili�y
<br /> of Bv�rov��r or any Suc�essors in [nterest of gvrrowe�. L�nder shall nvt b� required to conamence
<br /> prnceedings against any Su�cessor�n Interest af Borrvwer or tv refUse to extend t€me far payment or
<br /> ❑the�wise madify amortization o�the sums secur�d�y this 5ecurity Instrument by reason af any dem�nd
<br /> made by the❑riginal Borrvwer or any Suc�essors in Interest of Borro►rver.Any f�rbearance by Lender
<br /> in exercising any right or rem�dy inc[uding,withaut I�mi�a�ion, Lend�r's acceptance�f payments�rom
<br /> third persons,en�i�ies or Successo�s�n int�res�of Barrvwer vr in amounts les�than the amount�hen
<br /> due,sha�l no�be a waiver of vr pre�lude the exe�cise of any right ar r�medy.
<br /> 13. JointandSe�e�a�Liability;C�-signers;SuccessorsandAssigns Bvund.Borrowerco�enants
<br /> and agrees that Barrovrer's abligations and liabi[i�y sha�i be jaint and several.Hovve�er,any Borro�er
<br /> who co--signs this Security�nstrumer�t bu�does not execute#he No�e�a"ca-signer"}:�a3 is cv-s�gning#his
<br /> Security�ns#rumen�on[y to mortgage,grant and convey the co-signer's interes�in the Property under
<br /> the terms af this SeCurit��nstrument; (b}is not pe�s�nally abligated fo pay th�sums se�ured by this
<br /> Se�ursty instrument;and �c�agrees that Lender and any vther Borravver can agree tv extend,madify,
<br /> �orbear❑r make any accommada�ions with regard t�the terms flf th�s Security Ins�rum�nt or the Na�e
<br /> without�he cvMs�gner's consent.
<br /> 5ub�ect fo the praWisions ❑f Sectiat� �S, any Su�c�ssvr in lr�#erest of Borrower who assumes
<br /> Barrower's�b[igat��ns under this S�curit�Instrurr�ent in urriting,ar�d is appro�ed by Lender,sha[��btain
<br /> al�of Bor�ower's rights and benefits under�h�s 5ecurity Instrument.Barrav+ter sha��not b�released�ram
<br /> Borrower's vb[igatians and liability under this Security Instrumen�unless Lender ag�ees�v such release
<br /> in wri��ng.The co�enants and agreements of this 5ecuri�y lnstrument shall bind�except as pra�ided in
<br /> 5ect�on 20}and beneft the successors and assigns of Lender.
<br /> 74. Lnan Charges. Lender may charge Borrower fees for services performed in�onnec�ion with
<br /> Borra�rer's defaui�,fvr t��e purpose of pro�ecting Lender's interest in th�Proper�y and r�gh�s ur�der this
<br /> 5ecu�i�y Lnst�umen�,inc[uding,but no�lim�ted�o,attameys'fees,property inspection and Waluatian fe�s.
<br /> In r�gard ta any other�ees,fhe a�senc� vf�xpress auth�rity in this Security lnstrument�o charge a
<br /> speci�c fee tv Borrow�r shall nvt be construed as a proh�bition on the charging of such fee.Lend��may
<br /> not charg��ees#hat a�e expr�ssly prahi�ited by this Sec�rity�nstrument�r by Appl�cab[e Law.
<br /> NEgRASKA--Sir�gfe Family--Fanni�l�aefFr�ddie Mac�N1��RM 1N5TRUMENT Form 3028 110'!
<br /> Elfie Mae,�r�c. Page 7 of�D NEU�EED 0�15
<br /> NEU�EED�CLSy
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