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200908793 <br />(a} the total amount of the sums secured immediately before the partia! taking, destruction, or loss in value <br />divided by (b) the fair m arket value of the Property immediately before the partial taking, destruction, or loss in <br />value. Any balance shalt be paid to Borrower. <br />In the event n# a partial taking, destruction, or loss in value of the Property in which the fair market value <br />of the Property immediately before the partial taking, destruction, ar loss in value is less than the amount of the <br />sums secured immediately before the partial taking, destruction, or foss in value, unless Borrower and Lender <br />otherwise agree in writing, the Miscellaneous Proceeds shall be applied to the sums secured bythis Security <br />Instrument whether ar not the sums are then due. <br />If the Property is abandoned by Borrower, or if, after notice by Lenderto Harrower that the Apposing <br />Parry (as defined in the next sentence) offers to make an award to settle a claim for damages, Borrowerfails to <br />respond to Lenderwithin 3t7 days afterthe date the ncitice is given, Lender is authorized to called and apply the <br />Miscellaneous Proceeds eitherto restoration or repair of the Property ar to the sums secured bythis Security <br />Instrument, whether yr not then due. "Apposing Party" means the third parry that awes Borrower Miscellaneous <br />Proceeds or the pally against whom Harrower has a right of action in regard to Miscellaneous Proceeds. <br />Borrower shall be in default if any action or proceeding, whether civil nr criminal, is begun that, in <br />Lender's judgment, could result in forfeiture of the Property vrother material impairment of Lender's interest in <br />the Property or rights underthis Security Instrument. Bonawercan cure such a default and, if acceleration has <br />occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a rating <br />that, in Lender's judgment, precludes forfeiture of the Property or ether material impairment of Lender's interest <br />in the Property or rights underthis Security Instrument. The proceeds of any award or claim for damages that <br />are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to <br />Lender. <br />All Miscellaneous Proceeds that are not applied to restora#ion or repair of the Propertyshalf be applied <br />in the order provided for in Section 2. <br />92. Borrower Not Released; Farbeawance By Lender Not a Waiver. Extension of the time far <br />payment or modification of amortization of the sums secured bythis Security Instrument granted by Lenderto <br />Borrower or any Successor in interest of Borrower steal! not operate to release the liability of Borroweror any <br />Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any <br />Successor in interest of Borrower or to refuse #o extend time for payment or otherwise modify amortization of <br />the sums secured bythis Security instrument by reason of any demand made by the original Borrrnver or any <br />Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, <br />without limitation, Lenders acceptance of payments from third persons, entities or Successors in Interest of <br />Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any <br />right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Bong covenants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, any Bvrrvwerwho co- <br />signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security <br />Instrument only to mortgage, grant and convey the co-signer's interest in the Property underthe terms of this <br />Security Instrument; (b) is not personally obligated to pay the sums secured bythis Security instrument; and (c) <br />agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations <br />with regard to the terms of this Security Instrument yr the Note withvutthe co-signer's consent. <br />Subject to the provisions of Section 1$, any Successor in Interest of Borrower who assumes Borrower's <br />obligations under this Security instrument in writing, and is approved by Lender, shall obtain all of Borrower's <br />rights and benefits underthis Security Instrument_ Borrower shall not be released from Borrower's obligations <br />and liability underthis Security Instrument unless Lender agrees to such release in writing. 'the covenants and <br />agreements of #his Security {nstrument shall bind (except as provided in Section 20) and benefit the successors <br />and assigns of Lender. <br />14. Lnan Charges. Lender may charge Harrower fees for services performed in connection with <br />Borrower's default, fnrthe purpose of protecting Lenders interest in the Property and rights underthis Security <br />Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any <br />other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall <br />not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly <br />prohibited bythis Security Instrument or by Applicable Law. <br />if the Loan is subject to a law which sets maximum loan charges, and that lavers finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />perrnitted limits, then: (a) any such loan charge shall ice reduced by the amount necessaryto reduce the charge <br />NEBRA9 Wk.Siagle Family--Fannie MaarFraddia Mac UNIFORM INSTRUMENT (Page 8 of 12} <br />Nebraska Deed of Trust 3028 <br />N7= ppT ltilDl <br />