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<br /> .'`, " . . S �•. �� - �����A LOAN NO. 1 5 5 9 2 0 0 9 6 9 • �
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<br /> ' ` ' � 10.Condemnation. The proceeds of any award or datm for damages,direct or consequentlal,in con�ection with •• ,
<br /> �, •: � ,:• � any condem�ratton or other taking of any part of the Property,or tor conveyance in lteu of condemnation,are hereby ` . � . ..
<br />_ assigned and shall be paid to Lender.
<br /> ' • � � � In tfia everR af a tota!taldng of the Property,the proceeds shall be applied to the sums secured by this Security � �,c � '
<br /> Insirumerd,uuheiher or not then due,with any excess paid to Borrower.In the event ot a partial taking of the Properry in ;
<br /> �.. i � which the fair markei vaitte of the Praperty immedlately before tiie takittg is equai to or greater than the amount of the _ - � � =-
<br /> � � 7 sums secured by thfs Security Instrument immediately before ihe taking,untess Borrower and Lender othen,Vise agree in ��
<br />- � � � :; ; wri8ng,the sums secured by this Security instrumert shait be reduced by the amoe�nt of the proceeds multipiied by the - � •
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<br /> � . ' � fottowing fractfon:(a)the total amount af the sums secured immediate{y before the taking,divided by(b)the fair market , `r
<br /> .- � vatue of the Property iminediately before the taking.Any halance shall be pafid to Borrower.ln the eveM of a partial - � � �
<br /> ` " - 1 taking of the F'�operty in whfch the falr market value of the Property tmmediatety before the taking is less than the . . �
<br /> . � � amourt of the sums secured immediffiely 6efore the taking,unless Borrower and Lender oiherwise agree in writing or � ,
<br /> _ �` � uNess applicab►e law otherwfse provides,the proceeds shail be apptied to the sums secured by this Security �.` :^'
<br /> '`° - . � ',.j InsWmer�t whether or not the sums are tfien due. :. . ; N��5.: ...
<br /> If the Properry is abandoned by Borrower,or if,after natice by i.ender to Borrower that the condemnor offers to
<br /> ��� :•�- I rtiake an awarrJ or settle a claim for damages,Borrawer faiis to respond to Lender within 30 days after the date the ' �,�`�'`�W:
<br /> , � notice is given.Lender is autho�ized to collect and apply the proceeds,at its option,either to restoration or repair of ihe � _—_
<br /> ' � � . Properry orto the sums secured by this Security Instrument,whether or not then due. �,,',
<br /> f� � � ' Unless Lender and Borrower oiherwise agree in writing,any applicatton of proceeds to prtncipal shall not e�Rend or � -
<br /> �i • � •` postpone the due date af the mornhiy paymems referred to in paragraphs 1 and 2 or change the amount of such
<br />�;.= � PaYmerris. . . � ..;.-•=
<br /> i'; : ` � � - 11.�orrower Not Released;Forbearance By t,ender Not a Waiver. Extension of the time for payment or ;�_',`';�
<br /> , madificxition of amortiration of the sums secured by this Securiry Instrument granted by Lender to any successor in F.. ': r:�_;, .
<br /> �`• � interest of Borrower shail not operate to releasethe ilab�ity of the arlgirnai Bor�ower or Borrower's successors in • ��:=-.
<br /> ;� • . �:7':- "x,"-
<br /> • interest Lender shail not be required to commence proceedings against any successor in Irrterest or refuse to extend .t.._�_ _u
<br />-'r tims for paymerrt or othervutse modity amort(7atfon of the sums secured by thfs 3ecurity Inscrumerrt by reason of any �:t ;�
<br /> °r' " d em a n d m a d e b y t h e o r i g i r�a t B o r r o w er or Borrower's successars in irrterest.M y forbearance b y Lender in exercisin g ��=' .� =-'
<br />;;�;�. any dgM or remedy shaU not be a waIver of or precfude the exercise of any right or remedy. ��- rr;,,_,_
<br /> �� � 12.Successors and Assigns Bound;Joint and Severai Liability;Co-sigrters. The covenants and agreements of :. �; ����.:�,.._,
<br />:: "� ' thts Security Ins4rument shaii bind and benefit the successors and asstgns of Lender and Borrower,subject to the ��' ���.
<br /> `��� � �. ;; provisions of paragraph 17.Borrowers covenaMs and agreemenis shall be joirn and several.Any Borrawer who ;r�v`,° �=
<br /> ��'s . co-stgns this Security InsdumeM but does not execute the Note:(a)is co-sign(ng thfs Security Instrument only to . . � `��
<br /> mortgage,grant and corney that Borrowers interest in the Piroperty under the terms of this Security Instrument;(b)is . �`��4
<br /> - � not personally obltgated to paythe sums secured by thts Security lnstrumern;and(c)agrees that Lender and any other � . '��'�
<br /> s� .. Borrower may agree to e�dend,modify,for6ear or matce any accommodatfons with regard to the terms of this Security � ___-
<br /> ` � tnswment or the Note without that Borrower's canserrt. - '—
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<br /> ' � � 13.Loan Chargea If the loan secured by this Security Instrumertt is subject to a law which sets maximum loan . ':�..��^;
<br /> charges,and that law is flnaity tMerpreted so that the interest or oiher toan charges coltected or to be collected in ' �:�..,�;�
<br /> � ,, connection with the loan exceed tfie permttted IimRs,then:(a)any such toan charge shall be reduced by the amount 3Y`-•
<br /> . •�:::
<br /> �•' � necessary to reduce the charge to the permitted Iimii;and(b)any sums already collected from Borrower which ° ; _--,
<br /> ,.':.; � � � exceeded permitted limits w11�be reiunded to 8orrower.Lender may choose to make this refund by reducing the ' • =•�-
<br /> prineipal owed under the Note or by making a direct paymerrt to Borrower.If a refund reduces principal,the reduction . . •r;.
<br />_ ' . wili be treated as a paRial prepayment wlthout any prepayment charge under the Note. � �-°��
<br /> 'SAr""
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<br /> :':;.,� . 14.No3icee. Any notice to Borrower previded for in this Security Instrument shall be given by delivering it or by �. • -_.::.
<br /> ' � mailing it by flrst class maii unless applicable law requires use of another method.The notice shall be directed to the . • _
<br /> � Properiy Address or arry oiher address Borrower designates by notice to Lender.Any notice to Lender shail be gh►en �� -
<br /> '�.���. � � :�f by flrst class ma0 to LendePs addresa stated herein or any other address Lender designates by notice to Borrower.Any . � ' '
<br /> - �. . .' _� notice prwided for in this Securlty Instrumeni shall be deemed to have been gben to Borrower or Lender when given °
<br /> . . � � as provided 1n this paragraph. . �
<br /> � � ' 15.6oveming Law;Severability. This Secutity Instrumet►t shall be govemed by federal law and the!aw of the ,_ _ . .
<br /> ' � � • jurisdictlon in whlch the Property is located.In the event that any provlsion or clause of this Security Instrument or the �
<br /> • Note coMilcts with applicable law,such confltct shall not aHect other provisions of ihis Securlty Instrument or the Note ,
<br />`-_;�: which qn be given eifect w(thout the confltcting provision.To this end the provisions of this Security Instrument and the .. t. : ... . �
<br /> � ". Note are declared to be severable. ' ,
<br /> �� ! �. 16. BoROwer's Copy. 8orrower shall be given one conformed copy of the Note and of this Security Instrument. � •_
<br /> � � � 17. Transter of the Propetty o�a�eneftcial Interest in Borrower. If all or any part of the Property or any �
<br /> � interest in ft is sotd or transferred(or if a beneficial interest in Bonower is sold or transfened and Borrower is not a ;
<br /> natural person)without Lender's prlor written consent,Lender may.at its optlon,require immediate payment in full of ali .
<br /> sums secured by this Security Instrument. However.this option shall noi be exercised by Lender if exercise is �.
<br /> . ; prohib(ted by federal law as ot the date of this Security Instrument
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<br /> ' . � NEBRASKA-SINGLE FMAILY-FNMA/FHLMC UNIFORM INSTRUMENT FOAM 30289/90
<br /> - � � ISC/Ci1ADTNE//W92/3028(390)•L PAQE 4 OF 6 �
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