201201689 - Laserfiche WebLink

Browse

201201689 Security lnstrument,whether or not then due. "Opposing Parry"means the third party that owes Sorrower t�4iscellaneous Proceeds or tl�e party against whom Borrower has a right of action in regard to Nliscellaneous Proceeds. Borrower shall be in default if any action or proceeding,whether civil or criminal,is begun that, in Lender's judgment,could result in forfeiture of the Property or other material impairment of I,ender's interest in the Property or rights under this Security Instrumetit.Borrower can cure such a default and, if acceleration has occurred,reinstate as provided in Section 19,by causing the action or proceeding to be dismissed with a r�ling that,in Lender's judgment,precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All n�iiscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver.Extension oftl�e time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any S�ecessor in interest of Borrower shall not operate to release the liabiliry of Borrower or any Successors in interest of Borrower.Lender shall not be required to commence proceedings against any Successor in Interest of Bo�rower or to refuse to extend time for payment or otherwisc modify amortization of the sums secured by this Securiry instrument by reason of any dema��d made by the original Borrower or any Successors in Iuterest of Borrower.Any forbearance by Lender in exercising any right or remedy including,without limitation,Lender's acceptance of payments Prom third persons,entities or Successors in Interest of Borrower or ia amounts less than the amotmt then due,shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound.Borrower covenants and agrees that Borrower's obliaations and liability shall bejoint and severaL However,any Borrower who co-signs this Security Instrument but does not execute the Note(a"co-signer")_(a)is co-sianing this Security Instrument only to mortaage,grant and convey the co-signer's interest in the Peoperry under the terms of this Securiry Instrument;(b)is not personally obli�ated to pay the sums secured by this Security lnstrument;and(c)agrees that Lender and any other Borrower can agree to extend,modify;forbear or make any accommodations with regard to the terms of this Security Instrument or the Note wiYhout the co-signer's consent. Subject to the provisions of Section 18,any Successor in Tnterest of Borrower who assumes Borro�ver's obligations under this Security Instrument in writing,and is approved by Lender,shall obtaiu all of Borrower's rights and benefits under this Security Instrument.Borrower shall not be released from Borrower's obligations and liability under this Securiry Instrument unless Lender agrees to such release in wri[ing.The covenants and agreements of this Security Instrument sltall bind(except as provided in Section 20)and benefit the successors and assigns ofLender. 14. LOan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default,for Che purpose of protecting Lender's interest in the Property a�id rights under this Securiry Instrument,inc]uding,but not limited to,attorneys' fees,property inspection and valuation fees.In regard to any other fees,the absence of express authority in this Security InsU�ument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee.Lender may not char�e fees that are expressly prohibited by this Security Instrument or by Applicable Law. 6801159510 8801759570 NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT WITH MERS Form 3026 1I01 VMP� VMP6A(NE)(7105) Wolters Kluwer Flnancial Servlces Page 11 ef 17