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201206061
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Last modified
9/10/2012 2:48:41 PM
Creation date
7/25/2012 8:55:36 AM
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DEEDS
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201206061
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20120606� <br />Security Ins�nt, whether or not then due. ��Opposing part3 means the third party that owes Boaower <br />Miscellan�us Proceeds or the pariy against whom Borrower has a right of action in regard to Miscellan�us <br />Proceeds. <br />Borrower shall Ue in default if any action or proc�ding, whether civil ar criminal, is begun that, in Lender's <br />judgment, could result in forfaiture of the Property or other material inapairment of Lender' s interest in the <br />Property or rights under this Sacurity Instrument. Borrower c�n cure such a defa.ult and, if acceleration has <br />occurred, reinstate as provided in Section 19, by. causing the action or proc�eding to be dismis�ed with a <br />ruling that, in I.ender' s judgment, precludes forfeitura of the Properiy or other material impairment of <br />I,ender's interest in the Properly or rights under this Security Inslrument. The proceeds of any award or <br />claim for damages that are attdbutable to the impaiiment of Lender's interest in the Property are hereby <br />assigned and shall be paid to Lender. <br />All Miscellan�us Prac�s that aze not applied to rastoration or repair of the Property ahall be applied in <br />the order provide� for in Section 2. <br />12. Borrawer Not Releas�d; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />�dification of amortizastion of the simns secured by this Security Instrument granted by Lender to Borrower <br />or any Successor in Interest of Bonower shall not operate to release the liability of Borrower or any <br />Successors in Interest of Bonower. Lender sha11 not be r�uired to commence praceedings against any <br />Successor in Interest of Borrower or to refuse to extend ti�e for payment or otherwise modify amortiiation <br />of the sums secured by this Security Inslivment by reason of any demand made by the original Borrower or <br />any S� in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy <br />including, without limitaxion, Lender' s acceptance of payments from third persons, entities or Successors in <br />�nterest of Bonower or in �unts less than the a�unt then due, shall not be a waiver of ar preclude the <br />exercise of any right or remedy. <br />13. Joirrt artd Several LlabilHy; Co-sigrr�ers; Su�ors and Assigr� Bound. Borrower covenants and <br />agrces that Borrower's obligations and liability shall Ue joint and several. However, any Bonower who <br />co-signs this Security Instrument but does not executa the Nota (a "co-signer"): (a) is co-signing tlus <br />Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the <br />terms of this Security Ins�ent; (b) is not personally obligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any oth� Borrower can agree to extend, modify, forbear or make <br />any accom�adations with regard to the terms of this Security Insl�ent 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 Boaower's <br />obligations under ttris Sacurity Instrument in writing, and is approved by Lender, sball obtain a11 of <br />Borrower' s rights and benefits under tlus Security �ns�nt. Borrower shall not be released from <br />Borrower' s obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agr�ts of tl�is Security Instrument shall bind (except as provided in Section <br />20) and benefit the successors and assigns of Lender. <br />14. Laan Charg�. Lender may charge Borrower fces for servic� performed in conne�tion with Borrower's <br />default, for the purpose of protecting Lender' s interest in the Property and rights under this Security <br />Instrumeat, including, but not limited to, attorneys' fees, property inspe�tion and valuation fees. In regard to <br />any other fees, the absence of express authority in tlus Security Instrument to chazge a specific fee to <br />Bonower sball not be construed as a prolu'bition on the charging of such f�. Lender may not charge f�s <br />that are expressly prolubited by tlus Sacurity Instrument or by Applicable Law. <br />NEBRASKA-Shigle Fam�y-Fannle Mae/Freddie Mac UNIFOAM INSTRUMENT WITH�MER3� Form 3038 <br />VMPBA(NE) (1706) <br />Wolteis Kluwer Fh�ndal Servbes Page 17 oi 77 <br />
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