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. !:��; � ^ r 2��924� taking, divided by (b) the fair market value of the Froperty immediately before the taking. Any balance shall be paid to Borrower. In the event of a partial taking of the Property in which the fair market value of the Proparry immediately before the taking is less than the amount of the surns secured 'unmediately before the taking, unless Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise provides, the praceeds shall be applied to the sums secured by this Security Instrument whether or not the sums are then due. Tf the Property is abandaned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within the minimum number of days established by Applicable Law after the date the notice is given, Lender is authorized to collect and apply the proceeds, at its option, either to restoration or repair of the Property or to the sums secured by this Security Instrument, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the payments due under the Cantract or change the amount of such payments. Borrower Nat Released; Forbearance By Lender Nat a Waiver. Extension of the time for payment or modification of amortization of the sums secur�d by this Security Instrument granted by Lender to any successor in interest of Horrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payrnent or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made'liy t}ie original Borrower or Bonower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Successors and Assigns Boand; doint and Several Liabilfty; Accommodation 5igners. The covenants and agreements of this Security Instiument shall bind and benefit the successors and assigns of I.ender and Borrower, subject to the provisions of section titled Transfer of the Property or a Beue�cial Interest in Borrower. Borrower's covenants a�d agreements shall be joint and several. Any person who co-signs this Security Instrument but has no personal liability under the Contract ("Accommodation Signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey that Accomrnodation Signer's interest in the Property under the terms oF the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees tl�at I,ender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or tbe Contract without that Accommodation Signer's consent. Loan Charges. If the loan secured by this Security Instrurnent is subject to a law which sets maacimum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted limits, thcn: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the pernvtted limits and (b) any surns already collected from Borrower which exceeded pernutted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Contract or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Contract. Notices. Any noUce to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class rnail unless Applicable T.aw requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address L.ender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. GovernYng Law; Severability. This Security Instrument shall be gaverned by federal law and the laws of the state of Nebraska. In the event that any provision or clause of tlus Security Instrument or the Contract conflicts with Applicable L,aw, such conflict shall not af�ect other provisions of this Security Instnutient or the Contract which can be given effect without the conflicting provision. To this end the provisions af this Security Instrument and the Contract are declared to be severable. Borrower's Copy. Borrower shall be given one canformed copy of this Security Instrument. Transfer of the Property or � Bene�icial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full af all surns secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a periad of not less than the minirnum number of days established by Applicable Law from the date the notice is delivered or nnailed vvithin which Borrower must pay all sutns secured by this Security Instrument. If Bortower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice ar demand on Sorrower. Borrower's Right to Reinstate. If Barrower meets certain condiUons, Borrower shall have the right to have enforcement of this Security Instrurnent discontinued at any time prior to the earlier of: (a) 5 days (or such other periad as Applicable I.aw may specify for reinstatement) before sale of the Property pursuant to any power oF sale contained in this Security Insriument; or (b) entry of a judgment enforcixig this Security Instrument. Those conditions are that Borrawer: (a) pays I.ender all sums which then would be due under this Security Instrument and the Contract as if no acceleration had accurred; (b) cures any default of any other covenants or agreements; (c) 6h 2004-2009 Compliancc 5yatcros, Inc. 002A-ASC8 - 2009.12.368 Consumer Real Estate - Security inatrumen[ DL2036 Page 3 of 5 www.complianceaystema.com