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200211147 In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is equal to or greater than the amount of the sums secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the Miscellaneous Proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately before the partial taking, destruction, or loss in value divided by (h) the fair market value of the Property immediately before the parted taking, destruction, or loss in value. Any balance shall he paid to Borrower. In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured hmnediately before the partial taking, destruction, or loss in value, Unless Borrower and Lender otherwise agree in writing, the Miscellaneous Proceeds shall he applied to the sures secured by this Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right .f action to regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lenders judgment, could result in forfeiture of the Property of other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument 'Ihe proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby asetgned and shall be paid to Lender. All Miscellancous Proceeds that are rut applied to restoration of repair of the Property shall be applied in the order provided for in Suction 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate: to release the liability of Borrower or any Successors in Interest of Borrower. Leader shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the Burns secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments front third persons, entities or Successors to Interest of Borrower or in amounts less than the amount then due, shall nut be a waiver of or preclude the exercise of any right or remedy. 13. Jowl and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who cu -signs this Security Instrument but does nut execute the Note (a "co- signer "): (a) is co- sigmug this Security Instrument only to mortgage, grant and convey the co- siguer's interest in the Property under the terns of this Security Instrument; (h) is not personally obligated to pay the Suite secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co- signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security instrument in writing, and is approved by lender, shall obtain all of Borrower's rights and henclils under this Security Instrument. Borrower shall not be released Cram Borrower's obligations and liability under this Security instrument unless Lewder agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Leader. 14. Loan Charges. Lender may charge Borrower fees for services performed in r0maLtiun with Borrower's default, for the purpose of protecting Lender's interest in the Properly and rights under this Security Instrument, including, but not finned to, attorneys' fees, property inspection and valuation tees. In regard to any other fees, the absence of express authority in this Security Instrument m charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security lusttwnent or by Applicable Law If the Loan is subject to it law which sus maximum loan charges, and that law is finally interpreted so lien the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such Irvin charge shall be reduced by the amount necessary h1 reduce the charge to the permitted fimi1; and (b) any soots already collected Iron. Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose W make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If x refund reduces principal, [lie reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Burrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Burrower might have arising out of such overcharge. 15. Notices. Alt notices given by Borrower or lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice; address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If lender specifies a procedure for reporting Borrower's change of address, den Borrower shall only report a change of address through that specified procedure. There may he only one designated notice address under this Security Instrument at any one tune. Any notice to bender shall be given by delivering it of by mailing it by first class mail ro Lender's address slated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. to- Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and We law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. 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. As used in this Security Inarumene (a) words of the masculine gender shall mean and include corresponding neuter words of words of the terminate gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Burrower's Copy. Borrower shall he given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest to the Property" menus any legal or beneficial interest in the Property, including, but not limited lo, those beneficial interests transferred in a rood for decd, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower d a future date t, a purchaser. If all or any part of the Property or any Interest in the Property is sold of transferred (or if Borrower is not a oarural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all suns secured by this Security Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. NEBRASKA Snort. 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