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<br />receive certain disclosuras, to roquast and obtain cancollatlon of the Mortgage Insuranco, ta have the Mortgage
<br />Insurance tarminated automatically, and/or to recelve a refund of any Mortgage Insurance premlums that ware
<br />uneerned at the time of such cancellatlon or terminatlon.
<br />11. A�signment of Mlscellaneous Proceeds; Forfeiture. All Miscellaneaus Proceeds are hereby assigned to and
<br />shall be paid to Lender.
<br />If the Properry is damaged, such Miscellaneous Praceeds shall be applied to restoration or repair af the Properry,
<br />'rf the restoration or repair is economically feasible and Lender's security is not lessened. During such repair and
<br />restoratian period, Lender shall have the right to hold such Miscellaneous Proceeds until L.ender has had an opportunity
<br />to inspect such Property to ensure the work has been completed to Lender's satisfaction, provided that such inspection
<br />shall be�undertaken promptly. Lender may payforthe repairs and restoration in a single disbursement or in a series of
<br />progress payments as thewark is campleted. Unless an agreement is made in writing arApplicable Law requires interest
<br />to be paid an such Miscellaneous Proceeds, Lender shall not be required to pay Borrower any interest or earnings on
<br />such Miscellaneous Proceeds. If the restoration or repair is not economically feasible or Lender's security would be
<br />lessened, the Miscellaneous Proceeds shall be applied to the sums secured by this Security Instrument, whether or not
<br />then due, with the excess, if any, paid to Borrower. Such Miscellaneous Proceeds shall be applied in the order provided
<br />far in Sectian 2.
<br />In the eventof atotal taking, destruction, or loss in value ofthe Properry, the Miscellaneous Proceeds shall be applied
<br />to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower.
<br />In the event of a parkial taking, destruction, ar loss in value ofthe Property in which thefair marketvalue ofthe Property
<br />immediately before the partial taking, destructian, or loss in value is equal to or greater than the amount of the sums
<br />secured by this Security Instrument immediately before the partial taking, destruction, or loss in value, unless Borrower
<br />and Lender otherwise agree in writing, the sums secured by this Security Instrument shall be reduced by the amount
<br />of the Miscellaneous Proceeds multiplied by the following fraction: (aj the total amount of the sums secured immediately
<br />before the partial taking, destruction, or loss in value divided by (b) the fair market value af the Properry immediately
<br />before the parkial taking, destruotion, or loss in value. Any balance shall be paid tn Borrower.
<br />In the event of a partial taking, destruction, or loss in value of the Property in which the fair market value of the Property
<br />immediately before the partial taking, destruction, or loss in value is less than the amount of the sums secured
<br />immediately before the partial taking, destruction, or loss in value, unless Borrower and Lender otherwise agree in
<br />writing, the Miscellaneous Proceeds shall be applied to the sums secured by this Securiry Instrument whether ar not
<br />the sums are then due.
<br />Ifthe Property is abandoned by Borrower, or if, after notice by Lenderto Borrowerthatthe Opposing Party (as defined
<br />in the next sentence) offers to make an award to settle a claim for damages, Borrower fails to respond to Lender within
<br />30 days after the date the notice is given, Lender is authorized to collect and apply the Miscellaneous Proceeds either
<br />to restoration dr repair of the Property or to the sums secured by this Security Instrument, whether or not then due.
<br />"Opposing Party" means the third parry that owes Borrower Miscellaneous Proceeds ar the party against whom
<br />Barrower has a right of action in regard to Miscellaneous Proceeds.
<br />Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment,
<br />c�uld result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under
<br />this Security Instrument. Borrnwer can cure such a default and, if acceleration has occurred, reinstate as pravided in
<br />Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes
<br />forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security
<br />Instrument. The proceeds of any award or claim for damages that are attributable to the impairment af Lender's interest
<br />in the Properry are hereby assigned and shall be paid to Lender.
<br />All Miscellaneous Praceeds that are not applied to restoration or repair of the Property shall be applied in the order
<br />provided for in Sectian 2.
<br />12. Bvrrower Not Relaased; Forbearance By Lander Nat a Walvor. Extension of the time for payment or
<br />madffication of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any
<br />Successor in Interest of Barrawer shall not aperate to release the liability of Borrower or any Successors in Interest of
<br />Borrower. Lender shall not be required to commence proceedings against any Successor in Interest af E3orrower or to
<br />refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by
<br />reason af any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by
<br />Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third
<br />persons, entities or Successors in Interest of Borroweror in amounts less than the amountthen due, shall not be awaiver
<br />af or preclude the exercise of any right or remedy.
<br />13. Joint and Several Liability; Co-signers; Successors and Asslgns Bound. Borrower covenants and agrees
<br />that Borrower's obligations and liability shall be joint and several. However, any Borrower wha co-signs this Security
<br />Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mnrtgage,
<br />grant and conveythe co-signer's interest in the Praperty undertheterms ofthis Security Instrument; (b) is not personally
<br />obligated ta pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can
<br />agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or
<br />the Note without the co-signer's consent.
<br />Subject ta the provisions af 5ection 18, any 5uccessor in Interest of Borrower who assumes Borrower's obligations
<br />under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits
<br />under this Securiry Instrument. Borrower shall not be released from Borrower's obligations and liability under this
<br />Security Instrument unless Lender agrees ta such release in writing. 1'he covenants and agreements of this Security
<br />Instrument shall bind (except as provided in 5ection 20) and benefit the successors and assigns of Lender.
<br />14. Loan Charg4s. Lender may charge Borrowerfees for services performed in c�nnection with Borrower's default,
<br />for the purpose of protecting Lender's interest in the Properky and rights under this Security Instrument, including, but
<br />not limited to, attarneys' fees, property inspectian and valuation fees. In regard to any otherfees, the absence of express
<br />authority in this Security Instrument to charge a specific fee to Barrawer shall not be construed as a prahibition on the
<br />charging of such fee. Lender may not charge fees that are expressly prnhibited by this Security Instrument or by
<br />Applicable Law.
<br />Ifthe Loan is subjecttoa lawwhich sets maximum loan charges, and thatlaw isfinally interpreted sa thatthe interest
<br />ar other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a)
<br />Initials: �
<br />NEBRASKA--Single Family—Fannle Mse/Freddle Mac UNIFORM INSTRUMENT Form 30281/01
<br />� iss9-2006 Onllne Dxuments, Inc, P�ge 6 Of 9 NEUDEED 0612
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