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<br /> � , � 9�°o A'lJ���� LOAN N0. 1 5 5 9 2�D 9 4 4 .` '
<br /> � 10.Condemnatton. The proceeds of any award or claim for damages.direct or consequenUaf,in connection wiih �: � � �
<br /> � � any cortdemmailon or other taktag of any part of the Property,or for comreyance in lieu of condemnation,are hereby
<br /> � asstgned and shall be paId to Lender. � ••
<br /> ' -�£ In tha eveni of a total taking of the Property,lhe proceeds shat�be aPAEted to the sums secured by this Seceiriry . ,,
<br /> . '- - Instrument,whether or not then due.with arry excess paid to Bo►:ower.ln tFte etreri of a parda!taking of the Property in - -.--- —_--
<br /> ' whtch the iair markei vatue oi the Property imrr�ed i a t e ty be fore t hs t a k ing 1s eq u a 1 t o o r g r e a t e r t h an t h e a m o urrt of the _ � : �' ..
<br /> � sums secu r e d by t h is Secu r i t y I n s tr u m e M t m m e d i a t e l y h e f o r e t h e t a k f n g,u n l e s s B o r r o w e r a rt d L e n d e r o t h e rn i s e a gree in
<br /> � writing,the sums secured by this Secur(ty Inswment sha[i be reduced by the amaard of the proceeds muitlplied by the �'��_
<br />• , following fractton(a)the total amouni af the sums secured immediatefy 6efore the takt:�g,divfded by @j the tair marlcet � : .
<br /> � ' vatue of the Property immedi�ateiy toetore the taking.My balance shati be pafd to Borrower.In the event of a parttai : � �
<br /> taldng of the Property tn which the fafr mark�t value of the Properry immediate(y before the taking is less than the .
<br /> amouM of the sums secured tmmediateiy before the taking,uNess Borrower and Lender othenwise agree in writing or � �. ,�,
<br /> ` unt�ss appilcable law otherwfse provides,the proceeds shall be applfed to the sums secured by thfs Security � - � � .� }.:_•_
<br /> • ` instrumerrt wheiher or not the sums are then dua �
<br /> i` �� -��::; ; ���::::=s.
<br /> ` tf the Property is abandoned by Borrower,or ff,after notice by Lender to Borrower that the condemnor o�?rc t� . , •
<br /> i :. :� ..
<br /> make an award or setde a daim for damages,Borrawer fa�s to respond to Lender w�ithin 30 days after the date the f •. . . '�'�-
<br /> , nottce is given,Lender is authorized to coliect and appty the proceeds,at its opUan,either to restaration or�epair of the �=-
<br /> Property orto the sums secuied by this Securtty Instrumerit,whethet or not then due. �•.,:<:;:�,�'
<br /> Vnless Lender and Borrower othenerlse agree in writing,any applit�tfon of proceeds to prinGpal shall not extend ar � . `•�`'�
<br /> .:LL�...:.::.
<br /> � , postpone the due date oi ths monthty payments refsrted to in paragraphs 1 and Z or change the arriount of such � .,.,.z;r�;
<br /> _. pa�e� . _. `Y�.ti
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<br /> - � 11.BoROtiver Nat Released;Forbearartce By L.enrDer NM a Waiver. Extension o#the dme for payrr►ent or , . ; - �
<br /> y .f��.�.,
<br /> �- modiflcation of amorthation of the sums secured by thts Secucity I n s t r um ent grarrted by Lender to a r ry successor in �• f••-r��:`. _
<br /> � interest of Borrower shall noi operate to retease tha liability of the adginal BaROwer or Borrower's successors in '. ;�,��`<�
<br /> � • • irrterest.Ler�der shalt not be required to commence proceedings against any successor in interest or refuse to extend . ' }��� r
<br /> ' ..��yf��
<br /> .„:��::
<br /> = , � tirr�e for payment or otfisrwise modity amoR(zation of the sums secured dy this Security Instrument by reason of any . �
<br /> demand made by the orfginai Borrower or Botrowers successors in irnerest.Any forbearance by Lender in exercising 't`� `
<br /> , ����
<br /> � � any dght or temedy shall not be a waiver of or prectude the exer�l se o f any�tg h t or rem e dy. • �• •�'"`4;,�;
<br /> : ,' . �:.:a�:
<br /> :' � 12 Successors and Asslgns Bound;Jaint and Several L3abillty;Co-signers. The caverrants and agreemerits of �. °�l=� :
<br />`•r�'�� this Security Instrumer�t shali btnd and benefrt the successors and assigns of Lender and Borrower.subject to the ��;�=z�.�,"_.
<br />,.+�_ .
<br /> - . , " provistons of paragraph 17.Borrower's covenaMs and agreemertts shall be joint and several.Any Borrower who . ,. ;:,�';
<br /> � co-signs this Securlty Insuumert but does not execute the Nnte: (a)is co-stgning this Security Instrument onty to `� `�;:;�
<br /> � • mortgage,grarn and convey that Bortawer's irrterest in the Pra�rty under the terms of this Security Instrument;(b�;� , ��'���;�f.�''
<br /> �:�..:.t-�T.
<br /> not personally obllgated to pay the sums secured by this Secu�:y instrument;and(c)agrees that Lender anc!any oiher �:�;��!'`
<br /> ; . -� . Borrower may agree to extend.modify,forbear or maks any accommadatlons with regard to the terms of this Security ,-�,�
<br /> � Instrument orthe Notewithoutthat Borrower's consent. � , ...•- -
<br /> 13.Loan Chargea. ff the loan secured by this Security Instrument is subject to a law which sets maximum loan _. '�:`tiff'�'
<br /> . . chargas,and that law is flnaliy interpreted so that the iMerest ar oiher toan charges collected or to be coltected U "`=``',':>
<br /> '� • � connectton wlth the toan exceed the permitted limits,then:(a)any such loan charge shall be�educed by the amount ' "���,
<br /> . ,,,.. ,.
<br /> necessary to reduce the charge to the parmitted Iimit;and(b)any sums already collected from Borrower which �� ��:'���
<br /> .�.
<br /> � exceeded permitted Ilmits wiil be retunded to Borrawer.Lender may choose to make this refund by reducing the �- � .�� t�
<br /> . �����:
<br /> � principal owed under the Note or by making a direct payment to Borrower.If a refund reduces principal,the reductlon ' ,�,.. .�.._,
<br /> ;, . � , :� wi(I be treaied as a parttal prepayment wfihout any prepayment charge under the Note. . :.
<br /> .'.��'
<br /> � • 14.Nottces. Any notice to Borrower provided tor In this Securiql Instrument shail be given by delivering it or by '` :.�
<br /> � � maiiing tt by flrst class mail untess applicable law requires use of another methad.The notice shall be directed to the •� �
<br /> � Property Address or any other address Borrower designates by notice to Lender.Any notice to Lender shall be given ; : ..":��
<br /> by flrst class mafl to Len�efs address stated herein or any other address Lender designates by nottce to 8onower.Any
<br /> noiice provided for in this Security Instrumern shall be desmed to have been given to Borrower or Lender when ghren , � �
<br /> , . , . �. as provided in this paragraph. • �
<br /> ��., 1S.Goveming Law;Severability. This Security Instrument shall be govemed by federal law and the law of the
<br /> jurlsdlctlon in whtch the PropeRy Is tocated.in the eveM that any provisian or clause of this Security Instrument or the
<br /> � � � Note conflicts wtth appiicable law,such conflict s4ra11 not aNect other provisions of this Securlty�nstrumerit or the Note ' � .
<br /> which can be given eftect without the coMlicting provlsion.Ta this end the provisions ot this Security ta�strument and the .
<br /> ����� . } Note are dectared to be severabie. �
<br /> ' 18. 8orrowePa Copy. Bonower shall be gNen one cor�formed copy of the Note and of this Security Instrurr,�nt.
<br /> � i 17. Transter of the Property or a Beneflciai lntereat in Borrower. If all or any paR of the P�operty or any . �� ��
<br /> • interest In it Is sotd or transfened(or N a beneticlal interest in Borrower is sotd or transferred artd Bo�ower is not a �
<br /> •� natural person)without Lender's prlor written consent,Lender may,at fts oAtion,require immediate payment in tull o}alt �,
<br /> suma secured by this Security Instrument. However,this option shall not be exercise�by Lender if exercise Is
<br /> prohibited by federal law as of the�'2'e of this Security Instrument
<br /> � .
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<br /> �i NEBHASKA-SINtiLE FAMtLY-FNMA/FHLMC UNIFORM INSTRUMEHT FORM 30289/90 � .
<br /> i ISC/CMOTNE//0792/3028(9�90)•L PA�E 4 OF 8 E , ' .
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