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2� 17�2874
<br /> completed to L�nder's satisfa�#ion,prv�ided that su�h inspec�ivn shall be u�ider�aken promp�ly.Lender
<br /> may pay�or the repairs�nd r��taratian in a sing��disbursement or�n a ser�es❑�progress paymen�s
<br /> as the work is completed.Unless an agreement is made in vur�ti��g a�Applicabfe Law requires in�erest
<br /> tv be paid an such Miscellan�ous Proceeds,Lend�r shall no�be required to pay gorrowe�any interest
<br /> or earnings❑n such Miscellaneous Proceeds.1f the res�aratior�or repair is not economically�easib�e or
<br /> Lender's securi�y v�rould be[essened,th�Misce��anevus Proceeds shal[be applied�a the sums secured
<br /> by�his Secur�ty�nstrument,whe#he�or no�then due,wi�h the excess, if any, paid fa Bvrrav�rer. Such
<br /> Misc�l[aneaus P�aceeds shall be applied in the order provided for in S�ction 2.
<br /> !n the e�ent v�a�otaf taking,destruc�ivn,vr loss in value af the Property,the Miscelianevus Proceeds
<br /> shall be app�ied �a the sums secured by this 5ecurity Instrum�ni,whether or not�hen due, with the
<br /> excess,if any,paid t❑Borro�ver.
<br /> In the event of a part�al taking,destructior�,or lass�n�afue of the Praperty in wh�ch the�air market
<br /> �afu�af#he Prvperty immediately be�are#he partial�aking,destructian,o��os�in value is equa[to v�
<br /> grea�er than the amount of the sums secured by this Securi�y Ins#rument imme�ia�e�y befare#he part�ai
<br /> taking,destruction,or lass in va�ue,unless Barrawer and Lender othen}vise agree in writing,the sums
<br /> secured by this 5ecurity �ns�rument shall he reduc�d by the amaunt of the fUi€sc�l�aneous Proceeds
<br /> mu�t'rp�ied by�he folCawing fracfivn: �a}the fatal �maunt of the �ums secured �mmediately be�ore the
<br /> partia!taking,destru�t�on,or�oss in�aiue diWi�ed by�b}the fair market vaiue of the Praper�y immediate[y
<br /> before the partia!faking,destruction,or�oss in value.Any ba�ance shalf be paid to Barrower.
<br /> �n the event of a partia!taking,des�ruGtian,or loss in�afue af th�Praperty in which the fair marke�
<br /> value a�#h�Prape�ty�mmediafely befo�e the partia�taking,dest�uction,vr�oss in Wa�ue is less than the
<br /> amaunt af�he sums secured immed�ately before the partial taking,destructivn,or loss in va�ue,L1nIG'S5
<br /> Barr�wer and Lender athen�vise agr�e in writing,the M�scelian�ous Prflceeds shall be applied ta the
<br /> sums secured by this Securi��lnstrument whether or nvt the sums are t�en due.
<br /> �f the Prapert}r is abandon�d by Barrtiwe�,or if,aft�r natice by Lender to Borrower that th�apposing
<br /> Pa�ty�as d�firied in the nex#sen�ence}affers�a make an avrard�o settle a claim fo�damages,Borrower
<br /> �ails tv�espand to�ender within 30 days a�ter the date#he no#ice is gi�en,Lender is authorized tv cvllec�
<br /> and apply the (Illiscellan�ous F'roc�eds ei�her ta restoratian or repair of#he Praperty or tv the sums
<br /> secured by this Security�nstrumen�,whetfier ar not then due."apposing Party"means�he third party
<br /> tha�o�es Sc�rrawer Misceilan�ous Proceeds nr the pa�#y agains#whom Ba�row��has a righ�v�act�on
<br /> in regard tv Misce��aneaus Pro�eeds.
<br /> Bor�ower sha�l be in default sf any action or proceeding,��rhe�her c�vi�ar crimina�,is begun that,in
<br /> Lender's judgment, �vuld resuii in fvrfeitu�e of the Proper�y o�vther materia� impa�rment of Lender's
<br /> int�rest in th�Prape�y or rights under this 5�curity Instrument.Borrower can cure such a defauit and,
<br /> if accelerafion has occurred,reinstate as prov�ded�n SeGt�an �9,�y causing the action vr proceeding
<br /> #a be disrnissed�vith a rul�ng that, in Lender's judgr�ent, prec[udes farfe�ture of fhe Prop�rty o��ther
<br /> rna���ial im�airment af Ler�der's int�rest in the Prop�r#y ar rights under�h�s Security instrumen�.The
<br /> p�ac�eds❑�any award ar claim for damages that are attribu#able iv the impairment v�Lender's interest
<br /> in the Property are hereby ass�gned and shall be paid to Lend�r.
<br /> AII M�scel�aneaus �'raceeds tha�are not applied to r�stora�ion or repair of the Property sha�1 be
<br /> �pp(i�d�n the�rd�r provid�d for in Section�.
<br /> �2. Borra�er Not�e�eased; Forbea�ance By Lender Nat a�laiver. Extensi�n o�the time f�r
<br /> payment o�-mvdif cation of arn�rt�zat�on of the sums secured by this Securi�y Instrument granted by
<br /> Lender t�Barrower o�any 5uccessar in �nte�est o��orro�rer sha[(nat operate ta re�ease the�iahi(ity
<br /> of Bvrrovuer or any Successors in �nterest af Bvrrawer. Lender shall no� be required to c�mmence
<br /> proce�dings against any Successor in Interes�a��3arrvwer vr to�efuse�a extend#�m�fvr payment or
<br /> o�herwise madifjr amorti�ation o'�the sums secured by this Securi�y Instrurnent by reasan�f any demand
<br /> made by the original Barrower or any 5uccessars in lnterest of Borrower.Any forbearance hy Lender
<br /> in ex�rcising any rig��t or remedy inciud�ng,without l�mi�ation, Lender's acceptanc�of payme��ts from
<br /> third persons,entit€es or�uccessors i���nterest af Bo€�rov�rer or in amounts 1�ss than�he amount then
<br /> due,shai�no�be a waiver��❑r preclude the exercise o�any right or�emedy.
<br /> 13. Jvintand SeWe�al Liab�lity;Go-signers;�uccesso�-�and Ass�gns 6caund.Borrvwe�co�enants
<br /> and agrees tha�Bvrrower's obligations and�€ahii�ty sha11 be joint and se�e�al. �ovuever,any Bvr�ower
<br /> wha cv-s�gns this SecUrity lnstrument but daes nat execute the hlvte�a"co-signer�"}:�a3 is cflwsignir7g fhis
<br /> Security[nstrument anly tv mortgage,grant and conr�e�the cv�signe�'s inte�-est in the Property under
<br /> �he terms v��his 5ecurity �nstrum�nt; �b�is not persanaliy ob�iga�ed to pay the sums secured by this
<br /> Security[nstrument;and �c}agrees that L�nder and any oth�r Borrower can agree to extend,modify,
<br /> forbear or make any accomrt�vdatians wi#h regard to the terms of this Security�nstrum�n�o�the No�e
<br /> with�ut th�co-s�gner's�ansent.
<br /> Subjec� to the prov�s�ons of 5ect�on �8, any 5uccessor �n lnterest vf B�rrawer irvho assumes
<br /> B�rr�wer's obiigatio��s und�r this��curity Inst�ument in wr€ting,and is apprv�ed by Lender,sha�1 ob�a�n
<br /> ali of Borrower`s rights and benefts under this Security i��st�umen#.�orrawer shalf nat be refeased from
<br /> Bvrrower's vb[igations and I�ability under�his Security lnstrument unless Lender agrees#o such release
<br /> in writing.The co�enants and agreements of this Security fnstrument shall b�nd(except as prn�ided�n
<br /> Sectian 2�}and heneft#he succ��sors and ass�gns v�Lend�r.
<br /> '1�. Laan Charges. Lender may charge Bo�rvwer�ees�or services perfarmed in connect�on with
<br /> Bvrro�nrer's default,for the purpose af protecting Lender's interest in the Prope�ty and rights under this
<br /> Security Ins�rument,including,but not�imi�ed to,a�torneys'�ees:praperty inspection and vaivativn fees.
<br /> In rega�d�o any vther�e�s,#he absence❑f expr�ss authority in th�s Security�nstrument tv charge a
<br /> spe�ific fee f�Bor�vwer sha��not be const�ued as a prohi�ition ar��he charging af such fe�.Lender may
<br /> not charc�e�ees�hat are�xp�es�[y proh�bited by this Security lnstrument vr by Appl�cabie Law.
<br /> NEBRASKA--Singie Family--�anr�ie�'V�aelFreddie fViac�N�FQRM INSTRUMENT Form 3028 91��!
<br /> E�iie Mae,�r�c. Page 7 of�D NEUDEED Q�i 5
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