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<br />200707405
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<br />Proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, i l' any,
<br />paid to Borrower. Such Miscellaneous Proceeds shall be applicd in tbe order provided for in Section 2.
<br />In the event of a total taking, destmction, or loss in value of the Property, the Misccllaneous Proceeds shall be
<br />applied to the SlIIllS secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />In the ewnt of a partial taking, destruction, or loss in valuc of the Property in which the fair market valUl: of the
<br />I)wperty IlTllllediately bcf(JlT the pattial taking, destruction, or loss in value is equal to or greater than the ,IITIOunt of the SUIIIS
<br />secured by this Security Instrument immediately before the pattialtaking, destruction, or loss in value, unless Borrower ;Ind
<br />L,endl.:r otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount of the
<br />Miscellaneous Proceeds multiplied by the following fraction: (a) the total arllount of the sums secured imlllediatciy before
<br />thl.: partial taking, destruction, or loss in value divided by (b) the fair market value of tbe Property inllnediately bcf()\'l;; the
<br />p;irtiid taking, destruction, or loss in value. Any balance shall be paid to Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the t~lir rnarket value of the
<br />Property imlllediiitely bcf()rT the pattial taking, destruction, or loss in value is less than the amount of the sums sl.:cured
<br />illllllediately before the pmtial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in writing,
<br />the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument whether or not the sums arc then
<br />due.
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<br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the Opposing Pmty (as
<br />defined in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender
<br />witltin :Hl days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds eitller
<br />to restor<rtion or repair of the Propelty or to the Sums secured by this Security Instrument, whether or not then due.
<br />"OPI.hlsing Party" means the third pmty that owes Borrower Miseellaneous Proceeds or tbe party against wlJOrn Borrower It,LS
<br />a right of action in regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that In Lender's
<br />judgment, could result in forfeiture of the Property or other material impairmcnt of Lender's interest in the Property or rights
<br />under this Security Instrument Borrowcr can cure such a dehrult and, if acceleration has occurred, reinstate as provided in
<br />Sel:lion 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, prL;e1udes t()rfeitlll'c
<br />ur the Propcrty or otIler rnaterial impairment of Lender\ interest in the Propelty or rights under this SL;curilY Instrument. Tile
<br />pruceeeb uf any award or elaim for damages that are attributable to the irnpairment of Lender's interest in the Property arc
<br />lierdJY assigned and shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Propelty shall be applied in the order
<br />provided for in Section 2.
<br />] 2. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tirne for payment or
<br />modification of arnortization of the sums secured by this Security Instrument granted by Lender to Borrower or any
<br />Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of
<br />rlorrower. Lendcr shall not be required to commence proceedings against any Successor in Interest of Borrower or to rehlse
<br />lu extend time for paYlnent or otherwise modify arnortization of the sums secured by this Security Instrument by rcason of
<br />any demand made by the original Borrower or any Successors in lntercst of Borrower. Any f()rbearanee by Lender in
<br />exercising any right or remedy including, without limitation, Lender's acceptance of paymcnts fi-om third persons, L;ntilies or
<br />Sun:essors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the
<br />excreise of any right or remedy.
<br />13. .Joint and Scvcral Liability; Co-signel"s; Successors and Assigns Buund. Borrower covenants allll agrees
<br />t11:11 13o!Tower's obligations :'Ind liability shall be joint and several. 1I0wever, any Borrower who co-signs thiS Security
<br />IllstnllllCrlt but dOL;s not execute the Note (a "co-signer"): (a) is eo-signing this Security lnstnllnent only to mortg;lgc, grant
<br />and convey the eo-signer's interest in the Property under the terms ofthis Security Instrumcnt; (b) is not personally obligilted
<br />to pay the SUIllS secured by this Security lnstmment; and (c) agrees that Lender and any other Borrower can agree to extend,
<br />modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co~
<br />signer's consent.
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<br />wan No: 127317292
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<br />:\,'hra,ka Deed ofTm,t-Sillgk Flllllily-f"annil' MaL'/FrL'ddil' Mae UNIFORM L'ISTHUMENT
<br />...--:rln~ C()~II'I.iANCF SOl/HC", INC.- Page 9 of 13
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<br />Initials:
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<br />WIVW,l.:(1I11pliilIICt:::;0lIft:'::,COII1
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<br />11/1111111I111111111I1111111111111111111111111111111111111I111111:1111
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<br />MERS Modified Forlll-,1I2H 1II/fII
<br />14:1111 NF ",/""
<br />0200U, Thl: C.OlllpILllll.:L" S(f\1IL:5. 111l.:
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