|
201008004
<br />including protecting and/or assessing the value of the Property, and securing and/or repairing the Property. Lender's actians
<br />can include, but are nat limited to: (aj payang any surns s�r�cl by .a �ien �axvhich has priority over �chis ;Sec�arity �nstrument;
<br />(b) appearing in court; and (c) paying reasonab1e attarneys' fees to pratect its interest in the Praperty and/or rights under this
<br />Secucity Instrument, including .its .secured :position in a bankrupicy proce�ding. Securing the Pro.perty includes, but is not .lirnited
<br />to, �ntering the Property to maka r.epairs, ehax�ge locks, repiace or board up doors :and windows, drain vr!ater fr.nm pip��, eliminate
<br />buiiding or other code violations or dangerous condit'tans, and have utilities turned on nr af� Alkhough Lender may take action
<br />under this Section 9, Lender does not have to do so and is not under any duty or obligation to do sv. It is agreed that I.,ender
<br />inc�rs �o liab.ilit� for not rtalciz�g an�+:ar ali actior�s aut�onizsd t�ncler th�s Sectinn 9.
<br />Any amounts disbursed by Lendar under this Section 9 shall become additional debt of Borrower secured by this 5ecurity
<br />Inst�niment These arnaunts shall.bear int�rast at the Nota rate from the date of disbursement and shall be payable, with such
<br />interest, upm� a�:otice fxnm.L�nderto �or�rower:requesting.payrnent.
<br />If tl�is Seeuriiy Instrtiment is on a leasehold, Borrower shall comply �vith a11 the provisivns of the lease. Tf Borrower
<br />acquires fee title to the Property, the leasehold and tihe fee title shall not merge unless I.ender agre.�s to the merger in writing.
<br />1!D. Ass�gnxaent af Mis�ellaneo.us �r�nceeda; Forfeitur.e. A111Viis�ellaneous .�'roce�ds ar� l�er�by assig�d io and shall
<br />be paid t4 Lender.
<br />If the 1'rnperty is danaag,ed, such Miscellaneous Fraceeds shall b� applied ta restoration or repair of the Property, if the
<br />restorat�on or rspair is economically £easible and Lsnder's seCurity is not lessene.d. During such repau' and restor�tiqn period,
<br />Lender shali ha�e tlae right to hold sueh Misaellaneous Pro�eds u�rti] L.ender has had an apportuni� to inspect such Property
<br />to ensure the work has been completed to Lender's satisfaction, provided that such inspection shall be undertaken promptly.
<br />Lender may �ay �or ths repairs and restora�i:ar� in a:single disbursemen� or �n a series of �rogcess payments as the vv�rk is
<br />completed. Unless an agreement is rnac�e in writing or Applica�le Law requirss interest � be pai.d on such Ivliscellaneaus
<br />Prnceeds, �,ender shall not be required to pay Bvrrower any int�rest or earini.ngs an such Miscellaneous Proceeds. If the
<br />restoracion or repair is nat s�anom:ically feasib:le or J,ender's sscur.it� would be :lessened, .�e Ivl.iscel.laneous .Proe�eds shall
<br />be applied to the sums secured b� this �eeurity instrument, w�eth�er or nut then due, with the excess, rf a�y, paid to Borcower.
<br />Such Miscellaneous Proceeds shall be applied in the arder provided for in Section 2.
<br />In the event of a tota] taking, dastruction, or lo�.s in va�ue of the 3�roperty, t1�e 1�Iiscella�aeous Proceecl� sha�l be appl.ied tv
<br />the surns secured by thi$ 8ecurity Instrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />In the event of a partial talcing, destrwctian, or ipss in valua of the Pro.psrty in which the fair market value of the Fro.psrty
<br />immediately befnre the �+artial taking, destnietion, or luss in ^�al�a is �ec�ual tn .or �eater than ttie amo.unt of the sums secured
<br />by this Security Tnstrument .immediately bef4re the partial taking, destruction, nr loss in value, unless Borrower :and �,ender
<br />otherwise agtee in writing, the sums secured by this Security Instrument shall be reduced by the amount af the Miscellaneous
<br />Procueds multipli� by #he fo�lo�ng fraction» {a) the ;tc� arnourit ofthe stuns sec�red imrnediately before t'he partia! talcir�g,
<br />deshvction, or loss in value divided by (b) the fair market value of the Property unmediately before the partial taking,
<br />destruction, or loss in va{u�. Any balance shal( be paid to Borrower.
<br />�n the event of a partial talcing, desttuction, or loss in �alue crf the Praperty in ^wk�ich the fair rnarket value af the
<br />Property unmediately before the partial taking, destxuction, or loss in value is less than tha amotuit of the sums secured
<br />immediately hefare the partial taking, destruction, or loss in valae, unless Borrawer and Lendar atherwise agree in writing,
<br />the Miscellaneous Pr�ceecls shall be appiie�i to the sums se�;red by this Se�.urity �xast�ani whet�er or noi ti�e surns �rs
<br />then due.
<br />if the T'roperty is abandoned by Sorrawer, or if, after notice by Lender to �anrower that the Opposing Party (as defined
<br />in the nea� sen.tence) offer�s to :make an award to :�e�.tle .a clairn.for ,da�raages, BorrQwer fails to res.pand tv Lender �vithin 3� ciays
<br />aft�r tl�e date the notie� is g�ven, �,endBr is au#�orized to eolleet and apply the 1�isce�laneous Proc.�eds cither to restoration or
<br />rcpair ofthe Property or to the sums secured by this Security Instrument, whether or not then due. "Opposing Party" means the
<br />third party that owes Borrou►+e�' 11�iscellaneous Procaeds or the part� against whom Borro�+sr has .a rig�t .of a�eCion in r.egard �to
<br />Miscellaneaus Proeeeds.
<br />Borrower shali be in default if any actipn or proce�eding, whether civil or criminal, is begun that, in Lender's judgment,
<br />could result in forfeiture af the �rop.erly ar other material imparrment .of Lender's interest in :tha Property or rights under this
<br />S,ecarity Tnstrument. Borcower .can c:ure such :a default.and, ,if acc�leration has o�eurred, r.einstate as provided in :Section 1:8, by
<br />causing the actian ar proceeding to be dismissed with a ruling that, in Lend�r's judgxnent, precludes forfeiture of the Praperty
<br />ar other material iitipairnaent af I,�nder's interest in :Che Prnperty ar righfis under �has S�cuuit.y Instrwx�ent. ��raceeds of any
<br />aw:ard or claun for damages tl�at are attributable to the impaiarment of Lender's interest in the Property ar$ hereby assigra�d and
<br />shall be paid to Taender.
<br />NEBItASCCA—Single Family—UNIFQRM INS7'1tUMENT
<br />NEBitA$KA-MERS Oraat�s°
<br />17EM 2�7C7 (1022U9) (Ps9B 7 0t 12)
<br />Fu►�rN�ss,Kn000azz»r oaooa7z�sr
<br />
|