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201201137
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Last modified
3/19/2012 3:47:07 PM
Creation date
2/14/2012 9:10:00 AM
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DEEDS
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201201137
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�012011 <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Properly shall be applied <br />in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Security Inshument granted by <br />Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of <br />B orrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings <br />aga.inst any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Security Instrument by reason of any demand made by the <br />original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising <br />any right or remedy including, without limitation, Lender's acceptance of payments from third persons, <br />entities or 5uccessors in Interest of Borrower or in amounts less than the a.mount then due, shall not be <br />a waiver of or preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower <br />covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any <br />Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is <br />co-signing this Securiiy Instrument only to mortgage, gra.nt and convey the co-signer's interest in the <br />Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums <br />secured by this Securiiy Inshument; and (c) agrees that Lender and any other Borrower can agree to <br />extend, modify, forbear or make any accommodations with regard to the terms of this Security Insttument <br />or the Note without the co-signer's 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 a.nd benefits under this Security Instrument Borrower shall not be released from <br />B orrower's obligations and liability under this Security Instrument unless Lender agrees to such release <br />in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Chargesa Lender may charge Bonower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument, including, but not limited to, attorneys' fees, properly inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Insttument to cha,rge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not <br />charge fees that are expressly prohibited by this Security Insttument or by Applicable Law. <br />If the Loan is subject to a law which sets ma�cimum loan charges, and that law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then: (a) any such loan charge shall be reduced by the amount necessaty to reduce the <br />charge to the permitted limit; and (b) any sums already collected from B onower which exceeded permitted <br />limits will be refunded to Borrower. Lender rnay choose to make this refund by reducing the principal <br />owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the <br />HCFG-00359 <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP� 08/11 <br />Wolters KluwerFinancial Services 201202034.0.0.0.4002J20110B24Y Paga 11 of 16 <br />•3 052 7' <br />���� <br />�� <br />
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