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201008025
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Last modified
10/29/2010 3:18:38 PM
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10/29/2010 3:18:38 PM
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DEEDS
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201008025
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: y : t N •' , <br />2o�.00so2� <br />immediately before the taking is less than the amount of the sums secured immediately before the takin�, unles5 <br />Borrower and Lender otherwise agree in writing or unlegs Applicable Law otherwise provides, the proceeds shall <br />be applied to the sums secured by this Security Instrument whether or not the sums are then due. <br />lf the Praperty is abandoned by Bonrower, or if a£ter notice by Lender to Borrower that the condemnor offers to <br />make an award or settle a claim for damages, Borrower fails tc7 respond to [,ender within the minimum nuza�ber of <br />days establiskied by Applicable Law after the date the notice is given, Lender is authorized to collect and apply the <br />proceeds, at its option, either to restoratipn or repair of the Property or to tlie sums secured by tliis Security <br />Ixistrument, whether or ziot then due. <br />Un1ess Lender and Boz otherwise agree in writing, any application of proceeds to principal shall not extend <br />or postpone the due date of the paymezrts due under the Contract or change the amaunt of such payments. <br />Borrawer Not Released; Forbearance By Lender Not a Waiver. Extension of tl�e ticne for payment or <br />modification of amortization of the surn� secured by this Security Instrument grazited by Lender to any successor in <br />interest of Borrower shall not operate to releasa the liability of che original Borrower or $orrower's succesxors in <br />interest. Lender shall r�ot be required to coznmence proceedings against any successor in interest ar refuse to <br />extend time for payment or otherwise modify arnortization of the sums secured by this Security Instrurnent by <br />reason of any demand made by tlie original Borrower or Borrow�r's successors in interest. Any forbearance by <br />Lender in exercising any right or remady shall not be a waiver of or preclude the exercise o£ any right or remedy. <br />Successors and Assigns Bound; doint and Several Liability; Accommodation Signers. The covenants attd <br />agreements of tl�is Security Instruinent shall bind and benefit the successprs and assigns of Lender and Borrower, <br />subject to the provisions of section titled Transfer of the Property or a Bene�cial Interest in Borrower. <br />Barraweir's covenants and agreements shall be _joint and several. Any person who co-signs tttis Security Inslrument <br />but has no personal liability under the Contract ("Accoxnmodation Signer"): (a) is co-signing this Security <br />Instrument only to mortgage, grant and convey that Accommodation Si�ner's interest in the Properly under the <br />terrr�s of the 5ecurity Instrumettt; (b) is not personally obligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any other �3orrower may agre� to extand, modify, forbear or make any <br />accommodations with regard to the terms of this 5ecurity Instruznent or the Contract without that Accominodation <br />Signer's con5ent. <br />LoAn Charges. If t�ie loan secured by tlais Security Instrument is subject to a law which sets maximum loan <br />charges, and that law is finally interpreted so that the interest or other loan cl�arges collected or lo be coll�cted in <br />connection with the loan exceed the permitted ]imits, then: (a) any such loan char�e shall be reduced by the <br />amount necessary ta reduce tlxe charge to the permitted limits and (b) any sums already collecled from I3orrower <br />which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund Uy <br />reducing the principal owed under the ConCract ar by making a direct payment to Borrower. If a refund reduces <br />principal, tl�e reduction will be treated as a partial prepayment under the Contract. <br />Notiees. Any notice to Borrower prnvided for in this Security Instrument shall be given by delivering it or by <br />mailing it by first class mail unless Applicabl� Law requires use of another method. The notice shall be diz to <br />the Ycoperty Address or any other address E3orrower designales by notic� to Lender. Any notice to I.ender shall be <br />given by first class mail to Lender's address stated herein or any other address Lender designates by notice tc� <br />Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or <br />Lender when given as provided in this paragraph. <br />Governing �.,aw; Severability. This Security Instrument shall be governed by federal law and the laws of the state <br />of Nebraska. In the event that any provision or clause of this Security Instrument or the Contract conflicts with <br />Applicable Law, such conflict shall not affect other provisions of this SecuriCy Instrument or th� Contract which <br />can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the <br />Contcact are declared to be severable. <br />Borrawer's Copy. Borrower shall be given one confprined copy of this Security Instrument. <br />'1'ransfer of the Property or a Bene�cial Interest in Sorrower. If all or any part of the Propercy or any inter�st <br />in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a <br />natural perspn) without Lender's prior written consent, Lender may, at its option, require itnmediate payn�ent in <br />fuIl oF all sums secured by this Security Instniment. However, this option shall not be exercised by Lender if <br />exercise is prohibited by federal law as of the date of this Security Instrument. <br />If Lender exercises this option, Lender shall give Borrower natice af acceleration. The notice shall provide a <br />period of noc less than the miniinum number of days established by Applicable Law from the date the notice is <br />delivered pr mailed within wl�ich Borrower must pay all sums secured by this Security Instrument. If Borrower <br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notic� or demand on Borrower. <br />Borrower's Right to Reinstate. If Bprrpwer meets certain cot�datio��s, f3orrower shall have tbe riglit to }aave <br />enforcement of this Security lnstrument discontinued at any time prior ta the earlier of: (a) 5 days (or such ��ther <br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale <br />contained in this Security Instrument; or (b) enCry of a judgment enforcing this Security Instrum�nt. Thpse <br />conditions are that Borr�wer: (a) pays l,ender all sums which then would be due under this Security Instrument <br />and tl�e Contract as if no acceleration had occurred; (b) cures any deFault oC any oiher covenants or agreements; (c) <br />pays all expenses itacurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' <br />fees to the exCent pennitted by law; atid (d) takes such action as Lender may reasonably require to astiure that the <br />C�..� 2004-2D09 Compliance Systems, In�, 002U-2AG13 - 2009,12.36R <br />Consumer Real Estatc - Security Instrument DL203G Page 3 pf 5 www.compliancesystems.cnm <br />
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