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201206645
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9/10/2012 2:52:27 PM
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8/10/2012 4:23:58 PM
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201206645
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24 12oss4r. <br />� <br />precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this <br />Security Instrument. The proceeds of any award or claim for damages that are attributa.ble to the impa.irment of Lender's <br />interest in the Property are hereby assigned and sha11 be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order <br />provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />modificarion of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any <br />Successor in Interest of Borrower sha11 not operate to release the liability of Borrower or any Successors in Interest of <br />Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to <br />refuse to extend time for payment or otherwise modify amortizarion of the sums secured by this Security Instrument by <br />reason of any demand made by the original Borrower or any Successors in Interest of Borcower. Any forbearance by <br />Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third <br />persons, enrities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver <br />of or preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that <br />Bonower's obligations and liability sha11 be joint and several. I�owever, any Borrower who co-signs this Security <br />Instzument but does not execute the Note (a "co-signer"): (a) is co-sig►ing this Security Instrument only to mortgage, <br />grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not gersonally <br />obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can <br />agree to extend, modify, forbear or make any accommodations with regazd to the terms of tlus Security Instrument or the <br />Note without the casigner's consent. <br />Subjebt to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations <br />under this Security Instrument in writing, and is approved by Lender, shall obtain a11 of Borrower's rights and benefits <br />under this Security Instrument. Boaower shall not be released from Borrower's obligations and liability under this <br />Security Instrument unless Lender agrees to such release in writing. The covenants and ageements of this Security <br />Instrument shall bind (except as provided in Secrion 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, <br />for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but <br />not limited to, attomeys' fees, property inspecrion and valuation fees. In regazd to any other fees, the absence of e�cpress <br />authority in this Security Instrument to chazge a specific fee to Borrower shall not be consh�ued as a prolubition on the <br />charging of such fee. Lender ma,y not charge fees that are expressly prohibited by this Security Instrument or by <br />Applicable Law. <br />If the Loan is subject to a law which sets maxnnum loan charges, and that law is finally interpreted so that the <br />interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: <br />(a) any such loan charge shall be reduced by the amount necessary to reduce the chazge to the permitted limit; and (b) any <br />sums alrea.dy collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may <br />choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If <br />a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether <br />or not a prepayment chazge is provided for under the Note). Borrower's acceptance of any such refund made by direct <br />payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overchazge. <br />15. Nottces. All notices given by Bonower or Lender in connection with this Security Instrument must be in writing. <br />Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower <br />when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to <br />any one Borrower shall constitute norice to a11 Borrowers unless Applicable Law expressly requires otherwise. The notice <br />address shall be the Property Address unless Borrower has designated a substitute norice address by notice to Lender. <br />Borrower sha11 promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting <br />Borrower's change of address, then Borrower sha11 only report a change of address through that specified procedure. <br />NEBRASKA -Single Family-Fannie Mae/Freddle Mac UNIFORM INSTRUMENT with MERSForm 3028 1/01 <br />Page 9 of 13 � <br />ios, i�o. Borrower(s) IniUals <br />
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