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201200640
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Last modified
3/7/2012 11:23:56 AM
Creation date
1/25/2012 2:18:06 PM
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DEEDS
Inst Number
201200640
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201200640 <br /> Security Instrument,whether or not then due. "Opposing Party"means the third party that owes Borrower <br /> Miscellaneous Proceeds ar the party against whom Borrower has a right of action in regard to Miscellaneous <br /> Proceeds. <br /> Borrower shall be in default if any action or proceeding,whethcr civil or criminal,is begun that,in Lender's <br /> judgment, could result in forfeiture of the Property ar other material impairment of Lender's interest in the <br /> Property or rights under this Securiry Instrument.Bonower can cure such a default and,if acceleration has <br /> occurred,reinstate as provided in Section 19,by causing the action or proceeding to be disaussed with a <br /> ruling that,in Lender's judgrnent,precludes forfeiture of the Property or other material impairment of <br /> Lender's interest iu the Property or rights under this Security Iiistrument. The proceeds of any a�vard or <br /> claim for damages that are attributable to the impairntent of Lender's interest in tlie Property are hereby <br /> assigned and shall be paid to Lender. <br /> All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in <br /> the order provided for in Section 2. <br /> 12. Borrower Not Released; Forbearance By Lender Not a W aiver.Extension of the time for pa}nnent or <br /> modification of amortization of the sums secured by this SecuriTy Instrument granted by Lender to Bonower <br /> or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any <br /> Successors in Interest of Borrower.Lender shall not be required to commence proceedings against any <br /> Shccessor in Interest of Borrower ar to refuse to extend time for payment or otherwise modify amortization <br /> of thc sums secured by this Security Instrument by reason of any demand made by the original Borrowe��or <br /> any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy <br /> including,without limitarion,Levder's acceptauce of payments from third persons,entities or Suceessors in <br /> Interest of Borrower or in aniounts less than the amount then due,shall not be a waiver of or preclude the <br /> exercise of any right or remedy. <br /> 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound.Borrower covenants and <br /> agrees that Borrower's obligations and liability shall be joint and several.However, any Borrower who <br /> co-signs this Seeurity Instrument but does not execute the Note(a"co-signer"): (a)is co-signing this <br /> Security Instrument only to mortgage,grant and wnvey the co-siener's interest in Yhe Properry under the <br /> tai7ns of tbis Security Insmxment;(b)is not personally obligatcd to pay the snms secured by this Security <br /> Instrumcnt;and(c)agrees that Lender and any other Borrower can agree to extend,modify,forbear or make <br /> any accommodations with regazd to the terms of this Security Instrument or the Note without the co-signer's <br /> consent. <br /> Subject to the provisions of Section 18,any Successor in Interest of Borrower who assumes Borrower's <br /> obligations under this Security Instrument in writing,and is approved by Lender,shall obtain all of <br /> Borrower's rights and benefits under diis Security Instrument.Borrower shall not be released fiom <br /> Borrow�er's obligations and liability under this Security Instnunent unless Lender agrees to such release in <br /> writing_ The covenants and agreements of this Securiry Instrument shall bind(except as providcd in Section <br /> 20)and benefit the successors and assigns of Lender. <br /> 14. Loan Charges. Lender may charge Borrower fees for sen�ices performed in connection with Boaower's <br /> default,for the purpose of protecting Lender's interest in the Property and rights under tl�is Security <br /> Instrument, including,but not limited to,attorneys' fees,prope�ty inspecrion and valuation fees. in regard to <br /> auy other fees,tl�e absence of�press authoriry in this Security Insh-ument to charge a specific fee to <br /> I3onower shall not be construed as a prohibition on the chazging of such fee.Lender may not charge fees <br /> that are e�ressly prohibited by this Securit}�Instrument or by Applicable Law. � <br /> 8801126567 8801�28567 <br /> NEBRASKA-Single Family-Fannie MaelFreddie M1fac UNIFORM INSTRl1MeNT WITH NERS Form 3028 1/Ot <br /> VMP Cy' VMPEA(NE)(1105 <br /> Wolters Kluwer Flnancial Servlces Page 1'of 1 <br />
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