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<br /> 98- ir� � �
<br /> ���� LOAN NO. i `, .i� � � r i n t� ; ._
<br /> 10.Condemnation. The procaeds of eny awerd or clalm for damages,direct or consequential,in connectlon wftfi � �
<br /> � any condemnatlon or other taking of any part of tho Property,or for conveyance In Ileu of condemnation,are hereby � � �
<br /> assigned end shalt be pald to Lender. � .
<br /> „ In the event of a total taking of the Properiy,tne proaeeds shall be applled to the sums secured by this 3ecurlty �
<br /> ; Instrument,whether or not then due,wlth any excess pald to Borrower.In the event of a partlal taking of the Property In �
<br /> whlch the falr market value of the Property Immedlately before the taking is equal to or greater than the amount of the I
<br /> sums secured by thls Security Instrument Immedfately before the taking,unless Borrower and Lender otherwise agree in • _--
<br /> writing,the sums secured by this Securlty Instrument shall ba reduced by the amount of the proceeds multlplied by the • •�=_
<br /> foliowing fractlon: (a)the total amount of the sums secured Immediately before the taking,divtded by(b)the falr market "'_.
<br /> value of the Properry immediately b�fore the taking.Any balance shall be paid to Borrower.In the event of a partiai _ -
<br /> . taktng of the Property In which the falr market value of the Property immediately before the taking is less than the
<br /> I amount of the sums secured immediately before the taking,unless Borrower and Lender othervvlse agree In wrlting or
<br /> I unless applicable law otherwise provides,the proceeds shell be applied to the sums secured by this Security �*�
<br /> { Inatrument whether or not the sums are then due.
<br /> " If the Property Is abandoned by Borrower,or if,after notice by Lender to Borrower that the condemnor offers to
<br /> make an award or settle a claim for damages, Borrower falls to respond to Lenderwithin 30 days after the date thd
<br /> notice is given,Lender is autt�orized to collect and apply the proceeds,at its option, either to restoration or repair of the
<br /> Property or to the sums secured by this Security Instrument,whether or nat then due. `
<br /> Unless Lender and Borrower otherwlse agree In writ(ng,any appllcatlon of prceeeds to princlpal shall not extend or �
<br /> postpone the due date of the monthly payments referred to In paragraphs 1 and 2 or change the amount of such
<br /> payments. -
<br /> � 1� 11.Borrower Not Released;Forbearance By Lender Not a Waiver. Extenslon of the time for payment or ��
<br /> modificatlon of amortiz�tlon of the sums secured by this Securiry Instrument granted by Lender to any successor In ,�
<br /> interest of Borrower shall not operate to release the Ilebllity of the orig(nal Borrower or Borrower's successors in .:r:
<br /> , interest.Lender shall not be requlred to commence proceedings against any successor In Interest or refuse to extend ''
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<br /> time for payment or otnerwise modify amoRlzatlon of the sums secured by this Security Instrument bv reason af anv _ -.`��--�==
<br /> � demand made by the original Borrower or Borrower's successors(n int�rest.Any forbearance by Lendor in exercising "t±�`3� _
<br /> any rtght or remedy shall not be a waiver of or preclude the exercise of any rlght or remedy, "f °���n°°�
<br /> a,•,;.
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<br /> 12.Succeasora and Asaigna Bound;Joint and Several Ltebility;Co-stgnere. The covenants and agreements of . . �4�.:
<br /> this Security Instrument shall bind and benefit the successors and assigns of Lender and E3orrower,subject to the ;y;•: ._•,S
<br /> provislons of paragrAph 17.Borrower's covenants and agreements shall be Jolnt and severa►.Any Borrower who ;�.� ..
<br /> co-signs thls Security Instrument but does not execute the Note:(a)is co•stgning thts Security Instrument only to , .�t�.�!, �
<br /> moKgage,grant and convey that Borrower's Interest in the Property under the terms of this Security Instrument; (b)is � ' ,
<br /> not personally obligated to pay the sums secured by thfs Securiry Instrument;and(c)agrees that Lender�nd any other
<br /> Borrower mey agree to extend, modity,forbear or m�ke any accommodations with regard to the terms of this Securlty '�� ��'�'
<br /> Instrument or the Note without tliat Borrower's consent. ,, `�__.
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<br /> 13.Loan Chargea. If the loan secured by thls Securfty Instrument Is subJect to a law which sets max(mum Ioan �,�;¢u•;� .
<br /> charges,and that law fs finally interpreted so that the Interest or other loan charges collocted or to be collected in '� --
<br /> • connectlon with the loan exceed the permitted Ilm(ts,then:(a)any such Ioan charge shall be reduced by the amount ��
<br /> . necessary to reduce the charge to the permitted Iimit;and(b)any sums already cdlected from Borrower whtch
<br /> exceeded permitted Itmits will be refunded to Borrower.Lender may choose to make this refund by reducing the �=-
<br /> � principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal,the reducUon ��»�'':.�
<br /> will be treated as a parttal prepayment without any prepayment charge underthe Note. .�'�;,;'=�
<br /> 14.Nottces. Any notice to Borrower provided for In thls Security Instrument shall be given by delfverfng It or by ; r. �-
<br />_ °� malling it by ftr9t class mall unless applicablo law requires use of another method.Tho notice shall be directed to the
<br /> Property Address or any other address Borrower deslgnates by notice to Lender.Any natice to Lender shall be given � `:'--��
<br /> � .-�._=�_._y
<br /> b y f i r s t c lass ma i l to Len der's a d dress s ta t e d here ln or any o t her a d dress Len dPr des ic�na tes by no t ice to Borrower.Any • •r�-�_��--,.;,�_
<br /> � nottce provided for In this Security Instrument shall be deomed to have been given to Borrower or Lender whon g(ven -. - r,-
<br />? � as provided in this paragraph. ' �;..
<br /> _ 16.Governing Law;Severability. Thls Security Instrument shall be governed by federal law and the law of the j
<br /> _ � Jurisdtction in which the Property is located.In the event that any provisfon or clAUSe of this Security Instrument or the ; '
<br />= Note conflicts with applicable law,such confitct shall not affect other provistons of this Security instrument or the Note i
<br />_ , which can be given effect without the conflicting provislon.To thls end the provisions of this Security Instrument and the �
<br /> � Note are doclared to be severable. �
<br /> � � 16. Borrower's Copy. Borrower shall be given one conformad copy of the Note and of this Security Instrument. i
<br /> 17. Transfer of the Praperty or a Beneficfal Interest in Borrower. If all or any part of the Property or any '
<br />-. interest In it is sold or transferred(or if a beneficlal Interest In Borrower Is sold or transferred and Borrower is not a
<br /> natural person)without Lender's prlor written consent,Lender may,at its option, require Immodfate payment in full of all
<br /> sums secured by thts Securfry Instrument. However,this option shall not be exercfsed by Lender if exercise is
<br /> prohibltQd by federal law as of the date of this Security Instrument.
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<br /> • NEBRASKA--SINGLE FAIMILY--FNMA/FHLMC UNIFORM INSTRUMENT FORM 3028 9(g0 f
<br />- ISi,/CMOTNE//0�92/3028(9•901•� ,�,'PAGE 4 OFiB I
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