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200400572 7. Condemnation. cndemnation or other taking of any part claim for the Property, or for conveyance in lieu olf in connection with any condemnation, are hereby assigned and shall be paid to Lenders. In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by with this Security Instrumenunless Borrowers then Lenders s otherw se agree Borrowers. writing, rthe sums secured by this l taking of the Property, Security Instrument f the shall be ms secured by tmed itely before the taking, divided by (b) the fair markettvalue of the total amount o the Property immediately before the taking. Any balance shall be paid to Borrowers. If the Property is abandoned by Borrowers, or if, after notice by Lenders to Borrowers that the condemnor offers to make an award or settle a claim for damages, Borrowers fail to respond to Lenders within thi thirty (30) days after the date the notice is given, Lenders or to are the authorized d to codll by this Security Instrument, at their option, either to restore or repair the Property pay whether or not then due. otherwise agree in writing, any application of proceeds to principal Unless Lenders and Borrowers shall not extend or postpone the due date of the yearly payments referred to in paragraph 1 or change the amount of such payments. g. Borrowers Not Released; Forbearance by Lenders Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lenders to any successor in interest of Borrowers shall not operate to release the liability of the original Borrowers or Borrowers' successors in interest. Lenders shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured r this interest. Any Instrument forbearance by Lenders demand made g any r the ight original Bor remedy shallrnotrbeoa waver successors i of or preclude the exercise of any right or remedy. g. Successors and Assigns Bound; Joint and Several Liability; Co- signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lenders and Borrowers, subject to the provisions of paragraph 14. Borrowers' covenants and agreements shall be joint and several. Any Borrower who co -signs this Security Instrument but does not execute the Note: (a) is co- signing this Security Instrument only to mortgage, grant, and convey that Borrower's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lenders and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Borrowers' consent. 10. Legislation Affecting Lenders' Rights. If enactment or expiration of applicable laws has the effect of rendering any provision of the Note or this Security Instrument unenforceable according to its terms, Lenders, at their option, may require immediate payment in full of all sums secured by this Security Instrument and may invoke any remedies permitted by paragraph 16. If Lenders exercise this option, Lenders shall take the steps specified in the second paragraph of paragraph 14. 11. Notices. Any notice to Borrowers provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless applicable law requires use of another method. The notice shall be directed to the Property address or any other address Borrowers designate by notice to Lenders. Any notice to Lenders shall be given by first class mail to Lenders' address stated herein or any other address Lenders designate by notice to Borrowers. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrowers or Lenders when given as provided in this paragraph. 12. Governing Law; Severability. This Security Instrument shall be governed by federal law and the law of the State of Nebraska. In the event that any provision or clause of this Security Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 13. Borrowers' Copy. Borrowers shall be given one conformed copy of the Note and of this Security Instrument. 14. Transfer of the Property or a Beneficial Interest in Borrowers. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrowers is sold or transferred and Borrower is not a natural person) without Lenders' prior written consent, Lenders may, at their option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lenders if exercise is prohibited by federal law as of the date of this Security Instrument. If Lenders exercise this option, Lenders shall give Borrowers notice of acceleration. The notice shall provide a period of not less than thirty (30) days from the date the notice is delivered or mailed within which Borrowers must pay all sums secured by this Security Instrument. If Borrowers fail to pay these sums prior to the expiration of this period, Lenders may invoke any remedies permitted by this Security Instrumentwithout further notice or demand on Borrowers. 15. Borrowers' Right to Reinstate. If Borrowers meet certain conditions, Borrowers shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) five (5) days (or such other period as applicable law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those conditions are that Borrowers: (a) pay Lenders all sums which then would be due under this Security Instrument and the Note had no acceleration occurred; (b) cure any default of any other covenants or agreements; (c) pay all expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' fees; and (d) take such action as Lenders may reasonably require to assure thatthe lien of this Security Instrument, Lenders' rights in the Property and Borrowers' obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Upon reinstatement by Borrowers, 2