201203985 - Laserfiche WebLink

Browse

2412039�� If the Loan is subject to a law wluch sets maximum loaa charges, and that law is fmally 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 shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make tlus refund by reducing the principal owed under the Note or by makiag a direct payment to Bonower. If a refund reduces principal, the reduction wlll be treated as a pazrial prepayment without any prepayment chazge (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 anq right of action Bonower might have azising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to �nower in connectiton with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actua[ly deiivered to Bonower's notice address if sent by other means. Notice to any one Bonower shall constitute norice to a11 Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower' s change of address. If Lender specifies a procedure for reporting Borrower' s change of address, then Bonower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one tnne. Any notice to Lender 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 5ecurity Instrument sha11 not be deemed to have been given to Lender until actually received by Lender. If any notice required by tlus Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding reyuirement under this Security Instrvment. 16. Governing Law; Severeblllty; Rulss of Constructlon. Tlus Security Instrument shall be governed by federallaw and the law of the jurisdiction in which the Property is located. All rights and obligations conta.ined in this Security Instrument aze subject to any requirements and limitations of Applicable Law. Applicable Law might e�cplicitly 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 clac�se of this Security Instrument or the Note conflicts with Applicable Law, such conflict sha11 not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in ttus Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words 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 ta[ce any action. 9 7. BorroW er's Copy. Borrower sha11 be given one copy of the Note axid of this Security Instavment. 18. Transfer of the Property or a Beneflcial lnterest In Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If a11 or any pazt of the Property or any Interest in the Properiy is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of a11 sums secured by ttus Security Instrumen� However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. 8607200798 8801200788 NEBRASKASInB�e Femily-Fennle Mae/Freddle Mae UNiFORM INSTRUb1EN7 WITH MERS Form 3028 7/01 VMP � VMPBA(N (1105 WoRare Kluwer Finencla( Servtces Pege 2 of 7