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99 11�'� 18�3 �°� . ;�-� - .
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<br /> Unless Lender and Borrower otherwise agree in writing, all awards, payments or judgments, including interest
<br /> thereon, for any injury to or decrease in the value of the Property received by Borrower will be used to restore the Property or
<br /> applied to the payment of sums secured by this Security Instrument, whether or not then due, with any excess paid to
<br /> Borrower. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend
<br /> or postpone the due date of the monthly payments referred to in Paragraphs 1 and 2 or change the amounts of the payments.
<br /> Bonower agrees that in the event an award, payment or judgment includes compensation for both injury or decrease in the
<br /> value of the Property and compensation for any other injury or loss, the total amount of such award, payment or judgment
<br /> shall be deemed compensation with respect to the Property and Borrower hereby consents to Lender's intervention into any
<br /> proceedings regarding the Property.
<br /> 7. Loan Application Process. Borrower shall be in default under this Security Instrument, if Borrower, during the loan
<br /> application process, gave materially false or inaccurate information or statements to Lender (or failed to provide Lender with
<br /> any material information directly bearing on Lender's decision to extend credit to Borrower), in connection with the loan
<br /> evidenced by the Note.
<br /> 8. Protection of Lender's Rights in the Property. If Borrower fails to perform the covenants and agreements contained
<br /> in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as
<br /> a proceeding in bankruptcy, probate, for condemnation, forfeiture or to enforce laws or regulations), then Lender may do and
<br /> pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may
<br /> include paying any sums secured by a lien which has priority over this Security Instrument, appeazing in court, paying
<br /> reasonable attorneys' fees and entering on the Property to make repairs or abate nuisances. Although Lender may take action
<br /> under this Paragraph 8, Lender does not have to do so. The right of Lender to protect Lender's rights in the Property shall
<br /> include the right to obtain at Bonower's expense, property inspections, credit reports, appraisals, opinions of value or other
<br /> expert opinions or reports unless prohibited by law.
<br /> Any amounts disbursed by Lender under this Paragraph 8 shall become additional debt of Bonower secured by this
<br /> Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the
<br /> date of disbursement at the Note rate and shall be payable, with interest, upon demand of Lender.
<br /> 9. Mortgage Insurance. If Lender required mortgage insurance as a condition of making the loan secured by this
<br /> Security Instrument, Borrower shall pay the premiums required to maintain the insurance in effect until such time as the
<br /> requirement for the insurance terminates in accordance with Bonower's and Lender's written agreement or applicable law.
<br /> 10. Inspection. Lender may make or cause to be made reasonable entries upon and inspections of the Property, provided
<br /> that Lender shall give Borrower notice prior to any such inspection specifying reasonable cause therefor as related to Lender's
<br /> interest in the Property.
<br /> 11. Condemnation. The proceeds of any award or claim for damages, direct or consequential, in connection with any
<br /> condemnation or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are hereby assigned
<br /> and shall be paid to Lender, subject to the terms of any mortgage, deed of trust or other security agreement with a lien which
<br /> has priority over this Security Instrument.
<br /> In the event of a total taking of the Property, the proceeds shall be applied to the sums secured by this Security
<br /> Instrument, whether or not then due, with any excess paid to Borrower. In the event of a partial taking of the Property in
<br /> which the fair market value of the Property immediately before the taking is equal to or greater than the amount of the sums
<br /> secured by this Security Instrument immediately before the taking, unless Borrower and Lender otherwise agree in writing, the
<br /> sums secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by the following fraction:
<br /> (a) the total amount of the sums secured immediately before the taking, divided by (b) the fair market value of the Property
<br /> immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in
<br /> which the fair mazket value of the Property immediately before the taking is less than the amount of the sums secured
<br /> immediately before the taking, unless Borrower and Lender otherwise agree in writing or unless applicable law otherwise
<br /> provides, the proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due.
<br /> If the Property is abandoned by Borrower, or if, after notice by Lender to Bonower that the condemnor offers to
<br /> make an award or settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is
<br /> given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or
<br /> the sums secured by this Security Instrument, whether or not then due.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in Paragraphs 1 and 2 or change the amount of such payments.
<br /> 12. Borrower Not Released; Forbearance By Lender Not a Waiver; Acceptance of Partial Payment. Extension of the
<br /> time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to
<br /> Borrower or any successor in interest of Bonower shall not operate to release, in any manner, the liability of the original,
<br /> NEBRASKA DEED OF TRUST is�oi�Original Record �y�/���
<br /> M003-4NE Page 4 of 7 0089034599 ��
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