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2ooso3ss~ <br />5. Condemnation. The proceeds of any award or claim for damages, direct or <br />consequential, in connection with any condemnation or other taking of any part of the Property, or <br />for conveyance in lieu of condemnation, are hereby assigned and shall be paid to Lender. In the <br />event of a total taking of the Property, the proceeds shall be applied to the sums secured by this <br />Security Instrument, whether or not then due, with any excess paid to Borrower. In the event of <br />a partial taking of the Property, unless Borrower and Lender otherwise agrees in writing, the sums <br />secured by this Security Instrument shall be reduced by the amount of the proceeds multiplied by <br />the following fraction: (a) the total amount of the sums secured immediately before the taking, <br />divided by (b) the fair market value of the Property immediately before the taking. Any balance <br />shall be paid to Borrower. <br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the <br />condemnor offers to make an award or settle a claim for damages, Barrawer fail to respond to <br />Lender within 30 days after the date the notice is given, Lender is authorized to collect and apply <br />the proceeds, at their option, either to restore or repair the Property ar to pay the sums secured by <br />this Security Instrument, whether or not then due. <br />.T_" -'~` ~ 6. Borrower Nat Released; Forbearance by Lender Not a Waiver. Extension of the time <br />for payment or modification of amortization of the sums secured by this Security Instrument granted <br />by Lender to any successor in interest of Borrower shall not operate to release the liability of the <br />original Borrower or Borrowers' successors in interest. Lender shall not be required to commence <br />proceedings against any successor in interest or refuse to extend time for payment or otherwise <br />modify amortization of the sums secured by this Security Instrument by reason of any demand <br />made by the original Barrawer ar Borrower's successors in interest. Any forbearance by Lender <br />in exercising any right or remedy shaft not be a waiver of or preclude the exercise of any right or <br />remedy. <br />7. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants <br />and agreements of this Security Instrument shall bind and benefit the successors and assigns of <br />Lender and Borrower, subject to the provisions of paragraph 12. <br />8. Legislation Affecting Lender's Rights. If enactment or expiration of applicable laws has <br />the effect of rendering any provision of the Note or this Security Instrument unenforceable <br />according to its terms, Lender, at her option, may require immediate payment in full of all sums <br />secured by this Security Instrument and may invoke any remedies permitted by paragraph 14. If <br />Lender exercises this option, Lender shall take the steps specified in the second paragraph of <br />paragraph 12. <br />9. Notices. Any notice to Borrower provided for in this Security Instrument shall be given <br />by delivering it or by mailing it by first class mail unless applicable law requires use of another <br />method. The notice shall be directed to the Property address or any other address Borrower <br />designates by notice to Lender: Any notice to Lender shall be given by first class mail to Lender's <br />address stated herein or any other address Lender designates by notice to Borrower. Any notice <br />provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender <br />when given as provided in this paragraph. <br />10. Governing Law; Severability. This Security Instrument shall be governed by the laws <br />of the State of Nebraska. In the event that any provision or clause of this Security Instrument ar <br />the Note conflicts with applicable law, such conflict shall not affect other provisions of this Security <br />Instrument or the Note which can be given effect without the conflicting provision- To this end the <br />provisions of this Security instrument and the Note are declared to be severable. <br />11. Borrower's Capy. Borrower shall be given one conformed copy of the Nate and of this <br />Deed of Trust. <br />12. Transfer of the Property ar a Beneficial Interest in Borrower. If all or any part of the <br />Property or any interest in it is sold or transferred (or if a beneficial interest in the Borrower is sold <br />or transferred and the new Borrower is not a natural person) without Lender's prior written consent, <br />Lender may, at their option, require immediate pa ment in full of all sums secured by this Deed of <br />Trust. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The <br />notice shall provide a period of rat less than 30 days from the date the notice is delivered or mailed <br />within which Barrawer must pay all sums secured by this Security Instrument. If Borrower fails to <br />pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted <br />by this Security Instrument without further notice or demand on Borrower. <br />13. Borrowers Right to Reinstate. If Borrower meets certain conditions, Borrower shall <br />have the right to have enforcement of this Security Instrument discontinued at any time prior to the <br />earlier of: (a) 5 days (or such other period as applicable law may specify for reinstatement) before <br />sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry <br />of a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a) pay <br />Lender all sums which then would be due under this Security Instrument and the Note had no <br />acceleration occurred; (b) cure any default of any other covenants ar agreements; (c) pay all <br />expenses incurred in enforcing this Security Instrument, including, but not limited to, reasonable <br />attorneys' fees; and (d) take such action as Lender may reasonably require to assure that the lien <br />of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the <br />sums secured by this Security Instrument, shall continue unchanged. Upon reinstatement by <br />2 <br />