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<br /> ' _-� ,.�`—� ��°��`��Y� LOAN NO. 1 5 3 9 2 1 7 4 6 3 ,��a4+, ``yY�
<br /> - � ' 10.Condet:tnatton. The proceeds of any award or cfaim for damages,direct or consequerrtial,in connection with : '
<br /> '� ` ' any co�tdemrtatlon ar other taking of any part of the Property,nr for comreyance in lieu of condemnatIon.are hereby �` �..
<br /> 1��� • � � asstgned and stra0 be paid to Lender. � , . ,. -
<br />- -� In the evert of a totat ta{dng of the Property,the proceeds shail be applied to the sums secured by this Security : F :. .
<br /> s Instrumem,wheiher or noi then due,with any excess Paid to Borrower.In the evertit of a partial taking of the Property in
<br /> � which the falr rrrartcet v81ue af the Property immediai2iy�fore the taking is equal to or greater than the amount of the = -
<br /> • ; sums secuted by thts Secur�y l�sWment immediately before the taking,uniess Borrawer and Lende�otherwise agree in
<br /> ti.� . � � � � wdting,the sums secured by this Security lnsWme n t s h a l l be r e du c e d b y t h e a m o u n t a f t h e p r o c e e r i s m uiti plied b y the ,, - �-
<br /> :,-.. , follcwtng iractton:(a)the totat amount of the sums secured immediately before the taking,divided by(b)the fair market �• � �•�,::
<br /> '.t.� •.'....
<br />: 3-;. � . value of the Property immediatety before the taking.My batance shall be paid to Borrower.In the evEnt of a partial _ � 4 ,} . .
<br /> '. �• � taking of tite Property in which the fair market�ralue ef the Propetty immediatety bafore the taking is less than the . •.��
<br />`�; : • amount of the sums secttred immediatety before the taking,untess Borrower and Lender otherwise agree in writing or ^ ' � : ; .�,
<br /> s<;� . � � uNess applicable law otherwise provides,the proceeds shall be applied to the sums secured by this Secur+ty ,__ :rx..�;-
<br />,f.�. � instrumern wheiher or not the s�ms are then due. �� �<"��G�:�.
<br />__?_,. ' lf the Propetty is a�andoned by BoROwer,or ff,after nottce by Lender to Borrower that the condemnor offers to �` �.`. ;.-: '_;..
<br /> ° � make an award or settte a ctaim far damages,Borrawer fa0s to respond to Lender within 30 days after the date the �'�__
<br /> `'� . notice is given,Lender is authorized to cotlect and apply the proceeds,at its option,e�ther to restoration or repair of the 4 'r•.;: :u} �-
<br /> ,j'. . Praperty arto the sums se�ured by this Security Insbvmerrt,whether or not then due. �i::::�..;.`_�
<br /> �; � , Untess Lender and Borrower o2herwise agree in uvriting,arry appiicatton of praceeds to principal shail not extend or ���.
<br /> �i postpone the due date of ti�e monthiy paymerrts�eferred to in paragraphs 7 and 2 or change the amoum of such � •�- �
<br /> a,. ., • payntents. -
<br /> �� ' �� � ` � --
<br /> •�..�;� 1 t.Borrower Not Released;Forbearance By Lertder Not a Waiver. Extension of the time for payment or :u�,
<br /> �;x � . �..-`� madiftc�iton oi amoNzation of the sums secured by this Securiry Instrument granted by Lender to any successor in ,,. �
<br /> `: � interest of Borrower sha(1 not oparate to r e tease t he l i a b i l i ry af the orf ginat Borrower or BoROwers successors In � �` �;`
<br /> �� " � � irRerest Lender shap not be requiredto commence proceedings against any successor in imerest or refuse to extend �''��—
<br /> - �� dme for payment or atherwise modity amort�ton of the sums secured by this Securiry Instrument by reason of any _
<br /> ' : � -'.� demand made by the ortginal Borrower or Borrower's successors in interest.Any forbearance by Lender in exercising ,:;,...�,
<br /> `;�: ' ' any dght or remedy shaii not be a waiver of or preclude the exercise of any right or remedy. .. "_.=-,
<br /> �i� 12 Successors a�d Assigrts Bound;Joirtt and Several Llabii�ty;Co-signers. The coverrants and agreemems of --:-_:.f,V_
<br /> :�`� �� this Security Insirument shall bind and benefit the successars and assfgns of Lender and 8orrower,subject to the . —
<br /> . pravisions of paragrap h 1 7.Borrowe r's covena M s a n d a g r e e m e n t s s h a l l b a j o i n t a n d s e v e r a l.A n y B o r r o w e r w h o ,' , ��" .�;
<br /> � co-signs this Security Instrumerrt but does not execute the Note:(a)is co-signing this Securiry Instrument only to
<br /> ,+ � mortgage,grant and convey that Borrower's interest in the Properry under tha terms of this Security Instrument;(b) is . -:.�m �
<br /> . . nat personally obiigated to pay the sums seCUred by this Security Instrument;and(c)agrees that Lender and any other . , s�-'
<br /> �". � ' Borrower may agrea to extend,madtfy.forbear or make any accammodations with regard to the terms of this Security ._ .: . :`��:�
<br /> - - Instrumera or the Note without that BoROwers consern. ... - , -
<br /> � 13.Loan Chargea If the loan secured by this Security Instrument is subject to a law which sets maxlmum loan �,-':'?i�_
<br />� � � charges.and that taw is Bnalty ir�terpreted so that the interest or other loan charges collected or to be coliected in . �z: .�.�: .
<br /> • • connectton with the toan exceed the permitted timits,then:(a)any such loan charge shatl be reduced by the amount . � _�;,.
<br /> � � � � necessary to�educe the charge to the permitted limit;and(b)any sums already collected irom Borrower which ���.�.
<br /> � � exceeded permitted limits will be refunded to Borrower.Lender may choose to make this refund by reducing the : ��
<br /> � principal owsd under the Note or by making a direct payment to Borrower.lf a refund reduces principal,the reduction =_
<br /> " wili be treated as a partial prepayment without any prepayment charge under the Note. � • '`, �,
<br /> 14.Notiees. Any notice to Borrower provided tor In thfs Securlty instrument shall be given by deiivering it or by • ' . �:,.r
<br /> ��� mailing it by Nrst class mait unless appticable law requlres use of another mefhad.The notice shali 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 first class ma(I to Lender's address stated herein or any other address Lender deslgnates by notice to Borrower.Any , • . . .
<br /> � . ' � nottce provided for in thls Securlty Instrument shali be deemed to have been givere to Borrower or lender when given .. . .
<br /> ; as provided in thls paragraph. . � .
<br />: • , 's 15.Goveming Law;Severability. This Securiry Instrument shall be govemed by federal law and the law of the : :
<br /> Jurisdiction in which the Property is located.In the event that any provision or clause of this Security Instrument or the
<br />: ' � Note confllets wfth appiicabte law,such con fl ict s h a l l n o t a ffec t o t her pro�i si on s of this Securit y Instrument or the Note . •
<br /> which can be given eNect without the conflicting pravision.To this end the provislons of this Security Instrument and the
<br /> ' . = Note are declared to be severable. � .
<br /> . 18. 8onower'e Copy. 8onower shall be given one conformed copy of tha Note and of this Security Instrument. , � :
<br /> 17. Transter of the P�opeRy or e Beneflclal Interest in 8orrower. If all or any part of the Property or any . �
<br /> interest in it is sotd or transferred(or if a beneficial Uterest in Borrower ts sold or transferred and 8orrower is not a " �
<br /> natural person)without Lender's prior written consent,Lender may,at its optian,requlre immediate payment in full of ail �
<br /> ' ' sums secured by this Security�nstrurrsent. However,this optian shall not be exercised by Lender if exercise is ,
<br /> - . � prohibited by federal law as of the date of this Security Instrument.
<br /> •: � j � NHBRASKA-SIN�31E FAMILY-FNPAA/FHLMC UNIFOAM INSTRUMENT FORM 3028 9/90
<br /> � ISC/CMDTNE//0792/3028(4�90)-L PAGE 4 OF 6
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