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, �.- . <br />2010U8994 <br />pertorm the covenants and agreements contained in this Security Instrument, or there is a legal <br />proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in <br />bankruptcy, probate, for condemnation or to enforce laws or regulations), then Lender may do and <br />pay for whatever is necessary to protect the value of the Property and Lender's rights in the <br />Property. Lender's actions may include paying any sums secured by a lien which has priority over <br />this Security Instrument, appearing in court, paying reasanable attorneys' fees and entering on the <br />Property to make repairs. Although Lender may take action under this paragraph 4, Lender does <br />not have to do so. Any amounts disbursed by Lender under this paragraph �L shall become <br />additional debt of Bo�rower secured by this Security Instrument. <br />5. Inspection. Lender or their agents may make reasonable entries upon and inspections <br />af the Praperty. Lender shall give Borrower notice at the time of ar prior to an inspectian specifying <br />reasonable cause for the inspection. <br />6. Condemnation. The proceeds of any award or claim for damages, direct or <br />cansequential, in connection with any condemnation ar other taking of any part af the Property, or <br />for conveyance in lieu of condemnation, are hereby assigned and shall be paid ta Lender. <br />In the event of a total taking of the Property, the praceeds shall be applied to the sums <br />secured by this Security Instrum�nt, whether or nat then due, with any excess paid to Barrower. <br />In the event of a partial taking of the Property, unless Barrower and Lender otherwise agrees in <br />writing, the sums secured by this Security Instrument shall be reduced by the amaunt of the <br />proceeds multiplied by the following fraction: (a) the total amount of the sums secured immediately <br />before the taking, divided by (b) the fair market value of the Property immediately before the taking. <br />Any balance shall be paid to Borrower. <br />If the Property is abandoned by Borrower, or if, after notice by Lender to Borrawer that the <br />condemnor offers to make an award or settle a claim for damages, Borrower fails 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 or to pay the sums secured by <br />this Security Instrument, whether or not then due. <br />7. Borrower Not Released; Forbearance by Lender Not a Waiver. Extension of the time <br />for payment or madification of amartization af the sums secured by this Security Instrument granted <br />by L�nder to any successor in interest of 6arrower shall not operate to release the liability of the <br />original Borrower or Borrower's successprs in interest. l.ender shall not be required to commence <br />proceedings against any successor in interest or refuse to extend time for payment or otherwise <br />madify amortizatian af the sums secured by this Security Instrument by reason of any demand <br />made by the original Borrower or Borrower" successors in interest. Any forbearance by Lender in <br />exercising any right or remedy shall not be a waiver of or preclude the exercise of any right ar <br />remedy. <br />8. Successors and Assigns Bound; Ca-signers. The covenants and agreements of this <br />Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, <br />subject to the provisions of paragraph 13. <br />9. Legislation Affecting Lender's Rights. If enactment or expiratian af applicable laws has <br />the effect of rend�ring any provision of the Note or this Security Instrument unenforceable <br />according to its terms, Lender, at their option, may require immediate payment in full of all sums <br />secured by this Security Instrument and may invoke any remedies permitted by paragraph 15. If <br />Lender exercises this option, Lender shall take the steps specified in the second paragraph of <br />paragraph 13. <br />10. 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 />methad. The notice shall be directed to the Property address ar any other address Borrower <br />designate by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's <br />address stated herein ar any other address Lender d�signat�s by notice to Barrower. Any notice <br />provided far in this Security Instrument shall be deemed to have been given ta Bvrrawer or Lender <br />when given as provided in this paragraph. <br />11. Governing Law; Severability. This Security Instrument shall be governed by the law <br />of the State of Nebraska. In the event that any provision or clause of this Security Instrument or <br />the Note conflicts with applicable law, such canflict shall not affect other provisions af 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 />12. Barrawer's Copy. Borrower shall be given one conformed copy af the Note and of this <br />Deed of Trust. <br />13. Transfer of the Property ar a 8eneficial 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 inter�st in the Borrower is sald <br />or transferred and the new Borrower is not a natural person) without Lender's prior written consent, <br />Lender may, at her option, require immediate payment in full of all sums secured by this Deed of <br />Trust. <br />� <br />