201202724 - Laserfiche WebLink

Browse

��i�o�� If the Loan is subject to a law which sets maximum loan chazges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge sha11 be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected Gom Bonower which exceaded pemnitted limits will be refimded to Bonower. Lendeir may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, tha r�on will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharga. 15. Notic�s. All notices given by Borrower or Lender in connection with this 5ecurity Instnnnent must be in wriring. Any notice to Borrower in connection with tlus Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower' s notice address if sent by other means. Notice to any one Horrower shall constitute notica to all Borrowers unless Applicable Law expressly requires otherwisa. The notice address sha11 be the Propezby Address unless Borrower has designated a substitute notice address by notica to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lendar specifies a proce�ure for reporting Borrower's change of address, then Bonower sha11 only report a change of address through that specifi� procedure. There may be only one designated notice addre.ss under this Se�urity Instrument at any one time. Any notice to L,ender shall be given by delivering it or by mailing it by first class mail to Lender' s address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Inshvment sha11 not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under tlus Security Instrument. 16. Goveming Law; Severability; I�les of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdicrion in wluch the Property is lacated All rights and obligations contained in this Security Instruunent aze subje,ct to any requirements and limitations of Applicable Law. Applic�ble Law might explicidy or implicitly allow the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Inslrument or the Note wiuch can be given effect without the conflicting provision As used in this Security Instrume,nt: (a) words of the masculine gender shall mean and include corresponding neuter words ar wards of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower sha.11 be given one copy of the Note and of this Security Instnwient. 18. Transfer of the Property or a Beneflclal Ir�te�est in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limit� to, those beneficial interests transferred in a bond for deed, contract for deed, inatallment sales contract or escrow agreement, the intent of which is the transfer of title by Borrow� at a fixtiue date to a purchaser. If all or any part of the Property or any Int�est in tha Properiy is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Bonower is sold or transferrecn without Lender' s prior written consent, Lender may require immadiate payment in full of a11 sums se�ured by this Sacurity Instrument. However, this option sha11 not be eacercisad by Lender if such exercise is prohibited by Applicable Law. 2200244242 D VBANE NEBRASKA-Single FemOy-FanNe Mae/Freddis Mac UNIFORM INSTRUMENT YYRH MERS Form 30'�8 1/01 VMP (ql VMPBA�NE) (1106) Wolters Khiw� FMandal Servlces Paga 7 2 of 17