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�` �') ' " >' � : i i j �'' �' <br />2oioogss� <br />paid to Borrc�wer, iz� the event of a partial t�king of the Property in which the fair market value of the I'roperty <br />immediatEly before the taking is less than the amount af the sums secured immediately before the taking, unless <br />Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise provides, ihe proceeds sliall <br />be applied to the sums secured by this Security Instxument whether or not the sums are Chen due. <br />If die Property is abaa�doned by Borrower, or if, after izotice by Lender ta Borrc�wer tl�at the condemnor cyff'ers tn <br />make an award or setlle a cla.irn for dama�es, Borrower f'ails to respond to I�ender within rhe minimum number �f <br />days established by Applicable l.aw after tlie date the notice is given, Lender is authc�rized to collect anci apply the <br />proceeds, at its option, either to restoraCion or repair of the Property ar to the sums secured by tliis Security <br />Instrument, whether or nat then due. <br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend <br />or poslpone the due date of the payments due under the Contract or change the amount of such paymenls. <br />Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums secured by this Security I�iatrument granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original' Borrower or Borrower's successors in <br />iriterest. Lender shall not be required to commetace proceedings against any successor in interest or refuse to <br />extend time for payinent or aeherwitie modify aznortization of the sums secured by fhis Security Instrument by <br />reason of any de►nand made by t�ie original Borrower or Borrower's successors in interest. Any forbearaz�ce by <br />I,ender in exercising any right or remedy sl�all not be a waiver of c>r �reclude tk�e exercise of any right or remedy. <br />Successors and Assigns Bc►und; .Ioint and Several Liability; Accommodation Sig�aers. '�'he covenants and <br />agre�ments of this Security Ix�skrument shall bind and benefit the successors and assigns of Lender and Borrower, <br />subject to ttie provisic7ns af section titled Transfer of the Property or a Bene�ci�l I�terest in Borrower. <br />Borrower's covenants and agreements shall he joint and several. Any person who co-signs this Security ln�tn�c�erat <br />but has no pertional tiability under the Contract ("Accommc>dation Signer"): (a) is co-signing this Security <br />Instrument only to mortgage, grant and convey that Accommodation Signer's interest in the Property undcr the <br />terms of the Security Instrument; (b) is ziot personally obligaced to pay the sums secured by tliis Security <br />Instruruent; and (c) agrees that Lender and any other Borrower �nay agree to extend, modify, forbear or mak� any <br />accammodations with regard to tlae terms of this Security Instrument or the Cotttract without that Accommodation <br />Signer's consent. <br />Loan Charges. If tlie loan secured by thi5 Security Instniznent is subject to a law wtiich sets maximu►n loan <br />charges, and that law is finally interpreted so that the interest or other laan charges callecteci i�r to be collected in <br />cona�ection witla the loan exceed t1�e permitted limits, then: (a) any such loan charge shall be reduced by tf�e <br />artiount necessary ta reduce the charge to the permittcd litnits and (b) any suins already collected from Borrower <br />which exceeded perinitted limits will be refiuided to Borrower. Lender may choose to ►nake this relund by <br />reducing the principal owed uiider the Contract or by making a direct paytnent to Borrower. If a refivad recluces <br />principal, the reduction will be treated as a partial prepayment under the Contract. <br />Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it cir by <br />mailing it hy first class tnail unless Applicahle I,aw requires use of anottier n:zetl�od. The notice shall be directed to <br />the Yroperty Address or any other address Borrower designates by notice to Lender. Any notice to Lender �hal] bE <br />given by �rst class mail to �.ender's address stated lzerein or any other address l,ender designates by notice to <br />Borrc�wer. Any notice provided for in this Security lnstnimez�t shall be deemed to have been given to F3�rrower or <br />L,ex�der wl�en givez� as provided in tlais paragrapl�. <br />Governing t,aw; Severability. T'his Security Instniment shall be governed by federal law and tlae laws of tk�e state <br />of Nebraska. ln the event that any provision or clau�e of this Security lnstruzne��t or tl�e Coritract conflicts with <br />Applicable Law, such conilicc shall noC afiect other provisions of this Security Instrument or the Contract which <br />can be given effect without the conflicting provision. To this end the provisic�ns of this Security Instrument and the <br />Contract are declared to be severable. <br />Sorrower's Copy. Borrower shall be given one conforzned copy of this Security lnstrument. <br />Transfer of the Property or fl I3eneficifll Interest in Borrower. If all or any part of the Property or any i�iterest <br />izi it is sold or tcansferred (c�r if a beneficial interest in Borrower is sold or transferred and I3orrower is nc�t a <br />natural person) without Lender's prior written consent, Lender may, at its oplion, require inunediate payttient itt <br />full of all sums secured by this Security Instrument. Hawever, ttiis option shall not be exercised by Lender if <br />exercise is prohibited by federal Taw as of the date of tl�is Security Instrurnent. <br />lf Lender exercises this option, Lender shall give �3orrower xaotice of acceleration. Ttie notice sl�all provide a <br />period of not less than the minimum number of days established by Applicable Law froan the date the notice is <br />delivered or mailed within which Borrower nzust pay all sums secured by this Security Ix�stn�n�ent. If 13orrower <br />fails to pay these sums prior to t}�e expiration of tliis period, Lender may invoke any remedies pernlitted by this <br />Security lzastnunent withauC further notice or demand ott Borrower. <br />Borrower's Ri�ht to Reinstate. If Borrower meets certain conditions, Borrower sh�ll hav� the right. to l�ave <br />enforcement of this Security Instrument discanCinued at any tizne prior to the earlier of: (a) 5 days (or such other <br />period as Applicable i.aw may specify for reinstatement) befpre sale of the Property pursuant to any power of sale <br />contairied in fhis Securiry Instniment; or (b) entry of a judgment enforcin� this Security Itistnunenf. Those <br />conditions are that Borrower: (a) pays Le��der all sums which then would be due under this Security InGtniment <br />and the Contract as if no acceleration laad ��ccurred; (b) cures any default of any other covenac�ts or agraements; �c) <br />pays all expenses incurred in enforcing this Security lnstrument, including, but not li�nited tti, reasonable attocneys' <br />G9 2004-2009 CompGn„ce Syslems.lnc. 002D-A23E - 2009.12368 <br />Consumcr Real G,sln�e - Security Insvumcnt DL2036 Pagc 3 of 5 www.complinnccsysta�ns.cnm <br />