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200113484 <br />Borrower a notice identifying the lien and Borrower shall satisfy the lien <br />within 10 days. <br />5. Buyer shall keep the improvements on said premises insured against loss by <br />fire and hazards included within the term "extended coverage" for their <br />insurable value and policies for the same shall include a standard mortgage <br />clause showing Lender herein. In event of loss, Lender may make proof of <br />loss if not promptly made by Borrower. Insurance proceeds shall be applied <br />to restoration or repair of the property damaged, unless both parties <br />otherwise agree, except if restoration or repair is not economically feasible <br />or Lender's security is not lessened, otherwise said proceeds shall be paid <br />on the debt herein, whether or not then due. <br />Unless Lender and Borrower otherwise agree in writing, any payments or <br />proceeds from insurance shall not extend or postpone the due date of the <br />monthly principal and interest payments provided in said note, or change the <br />amount of the payments. <br />6. If Borrower fails to perform the covenants and agreements herein contained, <br />Lender may do and pay for whatever is necessary to protect the value of the <br />property and Lender's rights in the property, including the paying of any sum <br />secured by a lien which has priority over this security instrument, appearing <br />in Court, paying reasonable attorney fees and entering the property to make <br />repairs. Any amount disbursed by Lender under this paragraph shall <br />become an additional debt of Borrower secured by this security instrument, <br />to bear interest from the date of disbursement and said amount, together <br />with the then unpaid principal amount, shall bear interest at the highest lawful <br />rate until refunded by Borrower. <br />7. The proceeds of any condemnation award are hereby assigned and shall be <br />paid to Lender and shall be applied to the sums secured by this security <br />instrument, whether or not then due, with any excess paid to Borrower. <br />8. Any extensions or modifications of the loan granted by Lender to any <br />successor in interest of Borrower shall not operate to release the liability of <br />the original Borrower or Borrower's successors in interest. Any forbearance <br />by Lender in exercising any right or remedy shall not be a waiver of or <br />preclude the exercise of any right or remedy. <br />9. Any notice to Borrower provided for in this security instrument shall be given <br />by delivering it or mailing it by first class mail unless Nebraska Law requires <br />use of another method, at the Borrower's last known address. <br />10. This security instrument and the note which it secures shall be governed by <br />Nebraska Law. <br />11. Lender shall give notice to Borrower following Borrower's breach of any <br />covenant or agreement in this security agreement and the note which it <br />secures. The notice shall specify (a) the default, (b) the action required to <br />cure the default, (c) a date not less than 30 days from the date the notice is <br />given to Borrower by which the default must be cured, and (d) that failure to <br />cure the default on or before the date specified in the notice may result in <br />-2- <br />