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2oloossio
<br />In the cvent of a partial taking, destructinn, or lnss in value of the Property in which lhe fair market value of the
<br />Property immediately before the partial taking, destruclion, or loss in value i� eyual to or greater than the amc�unt of the sums
<br />securcd by this Security Instrument immediatcly bet<�re the parti�il taking, destruction, or loss in valuc, unless Borrower and
<br />Lender otherwise agree in writing, the sums secured by thiti Seci�rity Instrument shall he rcd�.iced by the arn<�unt c�f the
<br />Miscellaneous Procccds multiplied by thc following fraction: (a) t1�c tcit�l amount of the surns securcd immediately bel<>re thc
<br />partial taking, destruction, or loss in valtae diviciccl hy (b) the fair rnarket valuc of lhe F'rnperty imme�iately hcfc�re the partial
<br />taking, destruction, or loss in value. Any balance shall he paid to Borrnwer.
<br />In the event of a partial taking, destructi<�n, or loss in value of' the Property in which the fair rnarket value of the
<br />Property irnmediately before the parNal taking, destri�ction, or I<�s5 in valuc is less than ihe amc�unt oi' the siims secure�l
<br />immediately b�fore the partial taking, �lestruction, or lc�ss in value, unlcss $o�•rower and Lender otherwisc agree in writing, the
<br />Miscellanenus Yroceeds shall be applied tc� thc suzns secured by this Security Insia•un�ent whether or not the sumti acc llaen due.
<br />lf the Property is abandoned by Borrower, or if, �ifter notice by Lender to T3c�rrower th�►t Ihe O�posing Party (as det'incd
<br />in the next sentence) offers to make an awarcl to settle a claim t�c.ir damages, F3orrower fails to retipcind tci Lender within 30 ci�ryti
<br />after the date the notice is given, Lender is authc�rized t<� cc>Ilect. �nd apply the Miscellane�n�s I'��cicceds either to restoraticm c�r
<br />repair of the Froperty or to the sums sec��red by this Security Instrurnent, whethcr or nc�t then dne. "Opposing i'arty" means
<br />the third patty that owes Borrower Miscellancouti I'roceed� or the �arty againtit wl�c�m Bc�rrower has a right c�f acdon in rc:gard
<br />to Miscellaneous Proceeds.
<br />13orrower shall be in dcfault if any action or proceeding, whctlacr civil or cri►nin�l, is begun that, in i,ender'ti jG�dgment,
<br />could result in forfeiture c�f the Properfy or other material irnpairmcnt c>f I_,ci�dcr'� interc5t in the Property or rightti undcr this
<br />Security Instrument. Borrower can cure such a default ancl, if accelcr�lic>n lias occurred, rei►�state as proviclecl in Seciic�n 19, hy
<br />causing the action or proceeding to be ditimis�ed with a ruling that, in Lencler's judgment, precludes f<�rfeikure of the Property
<br />or c�th�r material impairment of Lender's interest in the 1'roPerty or rights uncler tl�is Security Instrumenc. Tla� proceeds of any
<br />award or claim for damages that are attribukable tc� t.t�e impairment of I,ender's interest in the Property a�•e licreby assigned an�l
<br />shall be paid to Lender.
<br />All Miscellaneous Proceeds that are not applie�l tc� retilor�tion or r��air of the Property shall be appliecl in thc cirder
<br />provided far in Section 2.
<br />12. Borrower Nc�t Released; Forhearance By Lencler Not a Waive.r. Extcntiicm c>f the time for payment or
<br />modification of amortization of the sums sccurcd hy this Security Instrument granted by Lenc]er t�� Tic�rrc�wcr c�r any 5�.►ccessor
<br />in lnterest of Fiorrower shall nc�t operatc lo rele�se th� liability of F3orrower or any Successors in interest c>f Fic>rrc�wer. Lender
<br />shall not be reyuirc:d to commence proceedings against any SucceStic>r in intercrt cik� i�nrr��wcr ��►� to refuse to extencl tirne fur
<br />payrnent or otherwise modify amortization oP the sums secured hy this Security InstruinEnt by re��son of any demand rnade hy
<br />the original $orrower or any Successors in Interest c�f F3r�rrc�wer. nny ti�rhearance hy i.,cndcr in cxcrcising �ny right or rernecly
<br />including, without limitation, I..endcr's acceptance ot� p�yments frc�rn third persons, entities nr Succes�or5 in interetit c�f
<br />Borrower or in amounts less than the amouni then clue, 5h�+11 not he � waivc r of c�r �reclud� the exercise of any right or remecly.
<br />13. Joinl and $evcral Iaiability; C'o Successors ancl Assigns 13ouncl. E3orrc�wer covenants ancl agrccn tha�
<br />Borrow�r's obligations and liability shall Lie joint and several. Fiowever, any T3r�rrciwer whc� cc�-signs this Sec�irity Inst.rument
<br />but does not execute the Note (a "co-signer"): (a) is co-sigr�ing this Security intitruir�cnt cmly tci mc�rtgagc, �;rant and convey the
<br />co-signer's interest in the Property under the terms of this Security Instrument; (b) is nr�t per�c�n��lly ohlig��tecl tc� pay the su���s
<br />secured by this Security Instrument; and (c) agrccti that Lcndcr �«d any other 13c�rrower can agree to extend, moclify, fnrhear or
<br />make any acenmmodations with regard t<> the terms oF thiti Security lntitrument c�r tl�c Note witlic�ut clic cc>-signec's consent.
<br />Subject to the prc�visions of Section 1.$, any Succctitic�r in Int�rc5l. of Borrowcr who �s�iim�s 13orrower's obligations
<br />under this Security Instrument in writing, and is approved by Lender, shall obtain all c�f Borrower's rights anc] beneFitti imder
<br />this Security Instrument. $orrower shall not be releascd from Borrower's ohligations and liability under this Security
<br />Instrument unless Lender agrees to such release in writing. 'The covenants ancl agreements of this Security Instrument shall bind
<br />(except as provided in Section 20) and benel'it the successc�rs anc] a�tiign� c�1' Lcnder.
<br />14. Loan Charges. Lender may charge I3orrower fees fcn• rerviceti perf<irmed in ccmnection with F3orrower' default,
<br />for the purpose nf protecting Lender's interest in the Property ancl rights un�ler this Security Instrurnent, inclucling, hu� ncit
<br />limited to, attorncys' fec�, property inspection and valuaticin IEES. I❑ 1��€;'r1fCj T(1 aa�y c�ther fecs, the ahsenee c�f express a�ithc��•ity
<br />in this Securiry Instrument tc� charge a specific fee to I3e.,rrower �h�ll not. bc construccl as a pre�hihitie.,n on the charging of sueh
<br />fec. Lender may not charge fees that are expressly prcihihitEd by this Security Instrument or hy Applic�hle l.,aw.
<br />if the I,oan is subject to a law which sets maximum loan char�;es, and that law is finally interpreted so that the interest
<br />nr other loan chargcs collected c>r to kw collcctcd in conncction with thc I,oan cxcced the �rerrnittecl limits, then: (aj any such
<br />loan charge shall k�e reduced by the amount necessary tn reduce the charge tci the permitted limit; and (b) any S111175 already
<br />collected from Borrower which exceeded permitted lirnits will he refiuncled to Borrower. Lender may choose to m�ke ihi�
<br />refund hy reducing the principal owed under ihe Nc�te or by making a direct payment to Be�rrower. If a cefu��d reducen
<br />principal, the reduction will tx; treatcd ati a parNal prepayment without any prepayment charge (whether or not a prep�ym�nt
<br />charge is provided for under the Note). Bc�rrower's �ece�tancc c�f any such ret�uncl made by clirect payrnent to Borrower will
<br />constitute a waiver of any right of action Borrower might have arising out of �uch c�vcrchar�e.
<br />15. Notices. All notices given liy Borrower or I.,e��der in co►�ncction with this Security Instrument must be in writing.
<br />Any notice to Borrower in conn�ction wit.h Ihis Sccuri[y In�trumer�t shall he cJeerned to have heen given lo Bo��r��wer whcn
<br />mailed by first class mail or whcn actually dcliverecl to Rorrower's notice aciclress if sent by otl�er mean�. Nc>ticc lc� any onc
<br />Borrower shall constitute notice to all $orrowers unlc�� Applicahlc i...aw expre�sly requires otherwisE. `Thc nc�licc address sllall
<br />be tht I'roperty Addresa un.lcss I3orrower has clesignated a substitut� a�otic� address by nc�tice to I,ender. Borrower shall
<br />promptly notify Lender of Borrower's change of acldress. If Lender sp�cifics a pr<�ccdure fcir reporting Borrower's change of
<br />address, then Borrower shall only report a change of address through tliat spccifiecl pr<�cecliire. There may be only c�ne
<br />designated notice address under this Security Inti�rument at any one time. Any notice lo Lcndcr �h�ll he given by clelivering it
<br />or hy rnailing it by first class mail to Lender's address titxtcd herein unless I,ender has de�ig��atcd anc�ther �ddress by notice to
<br />Borrower. Any notice in connection with this Sccurity Instrument shall not be decnicd lo have been given to Lender ui�til
<br />actually received by Lender. If any nc�ticc reyuire�l by this Security l�ast����mcnt iti alsi� require�l i�nde�r f�pPlicahlc I.�w, the
<br />Applicable i,aw requirement will saliafy the c<�rresponcling requirement undcr lhi� Security Instriunent.
<br />1G. Governing Law; Severability; Rules of Constri�ction. 'I'his Security lnstrurnent �hall be �c�vecnecl hy tcdcral law
<br />and the law of the jurisdiction in which the Pro�erty is lc�c�tecl. All ri�hts and <�bligatio��� ccmtainecl in this 5ecurity Instrument
<br />are subject to any requiremcnts and limitations of Applicahlc l,aw. npplicahle Law �nigl�t cxpHcitly i�r implicitly allow the
<br />parties to agree by contract or it might be silent, b�.it ti��ch �;ilcnce shall not be cunstruccl ar a prc�hibition against agrecmcnt hy
<br />contract. In the event that any provision or clause of this Security Instrument or the Note contlicls with npplicable Law, such
<br />conflict shall not affect other provisions c�f this Security Instrument or the Note which c�❑ hc given effect without th�
<br />conf7ictin� provisicm.
<br />ns used in this Security Instrument: (a) word� of the masculine gencler sh�ll rr�ean ancl include corrcapcin�ling neuter
<br />words or words of the femininc gender; (b) words in ihe tiing�.ilar shall mean and include the plural and vice vcrtia; and (c) the
<br />word "may" gives sole discretion withc�ut any obligaticm tc� t�ke �iny acticm.
<br />17. Borrower's Copy. i3orrower shall t� gzvcn one co��y of the Note and c�f this Security In�tr�urent.
<br />1R. Transfer of the Pro�erty or a Beneficial Interest in 13orrower. As used in thiti Sccti<�n 18, "Interest in I.hc
<br />Prop�rty" rneans any legal or Yx�neficial interest in t1�c Prc�periy, including, hut not limited tc>, thotie beneficial inter��tti
<br />transferred in a bond for deecl, contract for deed, installment sales conlr�ct or escrow agreement, the intent nt which is the
<br />transfer of title by 13orrower at a future date to a purchaser.
<br />if all or any part of the Property or any Interest in the I'roPetty is sold or tran�ferre�l (or if 13orrower is not a natural
<br />person and a benefic;ial interest in $orrowcr is sold or tr�ntiferred) withc�ut Lender'ti prior written con�ent, i,ender m�y require
<br />immediate payment in full of all sums secured by this Security Instrument. Hc�wcver, this option �l�all not be exercised hy
<br />Lender if such exercise is prohibited by Applicable i,aw.
<br />NEBRASKA-5ingle Family—Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 7/09
<br />Hankers Systems, Inc., SL Cbud, MN Form MD-1-NE a/17l70D(1 (l'�Re 5 Rf �P��h�'��) ..._� �.�—
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