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,� 2010Q9732 }3orrower and Lender otherwise agree in writin� or unless Applicable Law otherwise provides, ihe proceeds shall be applied to the sums secured by tl�is Security Instrument whether or not the sums are then due. If the Property is abandoned by Borrower, or if, after notice by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, F3orrower fails to respond to Lender within Che minimum nutnber of days established by Applicable Law after the ciate the notice is given, Lender is atithorized to collect and apply tlie proceeds, at its opCion, either to restoratio�i or repair of the Property or to ttie sums secured by this Security Instruz�iez�t, whether or not t�ien due. Unless Lender and Borrower otherwise agree in writin�, any application of proceeds to pcincipal sl�all not extencl oc postpone the due date of the due under the Coa�tcact or change the a�nouxit of such payrtients. Borrower Not Relexsed; Foebearance By Lender Not a Waiver. Extension of che time for payment or modification of amortization of the sucns secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate Co release che liability of the original Borrower or Bc>rrower's successnrs in interest. Lender shall �iot be required to cotnmence proceedings agait�st �ny successor in i�tterest or refuse to extend time for payment or otherwise modify amortization of' the sums secured by this Security InStrument hy reason of any demat�d made by the origi�aal �orrower or Borrower's successors in interest. Any forUearance by l.ender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remei3y. Successars and Assigns Bound; doint and Several Liability; Accommodation Sign_ers. The_ coven,ants_ and _ agreernents o£ this Secnrity Instrument shall bind and benefit the successors and assigris of Lender and Borrower, subject to Che provisions of section titled Transfer of the Property or A Beneficia►1 Interest in Borrower. F3ormwer's covenants and agreements shall be joint and several. Any person who co-sig��s this Security Instruznent but has no personal liability under the Contract ("Accc>m►nodatiou Signer"): (a) is co-signing this Security. I.nstrument only to mortgage, grant and convey tlaat Accommodation Signer's interest in the Nroperty under the tenns of the Security Instrument; (b) is not personally abli�ated to pay the sums secured by tliis Security Instruzne��t; azid (c) agrees tf�at L.ender and any ofher Borrower may agree to extend, modily, forbear or make any accommodations with regard to the terms of lhis Security Instrument or the Contract without that Accon�ruodatioT� Signer's consent. Loan Charges. If die loa�� secured by this Security I��struxnezxt is subject ta a law which sets maximum loan charges, and that law is finally interpreted so that die interest or other loan cliar�es collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any �uch loan char�e sl�all be rzduced hy the amount necessary to reduce the charge to the permitted limits and (b) any sums already callected from Borrawer which exceeded permitted limi�s will be refunded to Borrower. I.,ender xziay choose to �nalce this refiuid by reducing the principal owed under the Coxitract ��r by making a direct payment •�o Borrower. If a refund reduces principal, th� reduction will be treated as a parlial prepayment under tlie Contract. Notices. Any a�otice to Borrower pravided for in lhis 5ecurity Instrument sliall be given by delivering it or by tnailing it by first class mail unless Applicable Law requires use of another metltod. Tlae natice shall be directed to the Property Addreas or any ather address Borrower designates by notice to I,ender. Any notice to Lender shall.bc. given by first class znail to Lender's addres� stated herein ar any other address l,ender desi�nates by notice to Borrower. Any notice provided for in tl�is Security Instru►nent 51ia11 be deemed to have been give�� t.o .Rorrower or Lender when given as provided in tt�is paragraph. C=overning Law; Severability. This 5ecurity Instrument shall be �overned by federal law and the laws of tt�e state of Nebraska. In lhe event that any provision or clause of t{�is Security Instrument. or the Contract cox�flicts with Applicable Law, such conflict shal] not af�'ect other pravisions of this Security Instrument or the Contract wliich can be given effect without the conflicting provision. '1'o this end the pravisions of tt�is Security Instrument and the Contract are declared to be severable. Borrower's Copy. Borrower sk�all be given one confonned copy of tliis Security InstrumenC. '1'ra��st'er of the F'r��perly or a Beneficial Iaiterest in 13orrowe�'. Il� all ar 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 iiot a natural persc�n) without Lender's prior written consent, Lender may, at its option, require immecliaCe payment iri full of all sums secured by this Security Instrument. However, thi5 optian shall not be exercised by L�nder if exercise is prol�ibited by federal law as of the date of this Securiry Instruinent. lf Lender exercises this option, Lender sl�all give Borrower notice �f acceleration. The notice sl�all provide a period of nc�t less than the minimum x�uniber r�f days established by Applicable Law frorn the date the notice is delivered or mailed within which Borrower must pay all s��ms secured by this Security Inslrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender n�ay invoke any remedaes pennitted by this Security Instrument without further notice or demand on �3orrower. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall lxlve tlte right to have enforcemenC of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as Applicable Isaw may specify for reinstatement) be{ore sale of tt�e Properly pursuant. to aaay pc�wer of sale contained in this Security ]nstrument; or (b) entry of a judgnaent enforcing this Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums wt�ich thEn would be due under this Security Ix�stru�nent and lhe Contract as if no acceleration had occurred; (b) cures any default of any oCher covenant5 or a�reements; (c) pays all expenses incurred in en£orcing this Security Instrum�nt, includi��g, but not limited to; reasonable attonieys' £ees to the extent permitted by law; and (d) takes such actipn as Lender tnay reasonably require to assure that the lien of this Security lnstrument, I,ender's rights in Che Property and Borrawer's obligation to pay the sun�s secured ay 2p04-2UU9 Cwnpliance Systems, Inc. 002D-U3Cf3 - 2UU9.12.i(i8 � Cvnsumcr Real F;sinle - Security Instrnmcnt C7L2036 Pnqc 3 oC5 www.complinncesy5l�ns,c�m