201206722 - Laserfiche WebLink

Browse

201206722 If the Loan is subject to a law wluch sets msximum loan charges, and that law is Finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan excced the permitbed limits, then: (a)any such loan charge shall be reduced by the mmount necessery to raduce the charge to the permitted limit; and(b)any sums already collected from Boaower which excceded permitted limits will be refunded to Horrower. Lender may choose to make this refimd by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be�eated as a partial prepaycrient without any prepay�nt charge(whetber ar not a prepayment charge is provided for under the Note). Boirower's aixeptance of any auch refund made by direct payment tn Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 7 5. NotiCes. All notices given by Boaower or I.ender in connection with ttris Security Instnmient must be in wriring. Any notice to Borrower in connecrion with tlris Security Inshvment shall be deemed to haue been given to Horrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicahle Law expressly requires otherwise. The norice address shall be the Property Address unless Borrowa has desigoated a substitute norice address by natice to Lender. Borrower shall prompUy notify Lender of Boirower's change of address. If Lender specifies a procedure for reporling Borrower's change of address, then Borrower shall only report a change of address through that specifie3 procedure. 1'here may be only one desigoated notice address under ttris Security Ins�ument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein �mless Lender has designated another address by norice to Borrower. Any notice in connection with this Security Insh�ument shall not be deemed to have been given to I,ender until actually received by I.ender. If any notice required by tltis Security Instrument is also required under Applicable Law, the Applicable I,aw requirement will satis£y the corresponding requirement under tlus Security Instrument. 16. C�veming Law; Severablllty; I�I�of Constructioa This Security Instrument shall be governed by federal law and the law of the jurisdiction in wluch the Property is located. All rights and obligations contained in this Sec�aity Instrument aze subject to any requirements and limitations of Applicable Law. Applicable Lsw might acplicitly or irnplicitly allow the parties to agreE by coniract or it might be silent, but such silence shall not be conetrued as a prohibition against agreement by con7act. In the event that any provision or clause of this S�urity Ins�iment or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Insuument or the Note wlrich can be given effect without the conflicting provision As used in ttus Securiry Instrument: (a)words of tUe masculine gender shall n�ettn 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 obligarion to take any action. 17. Borrowe�'s Cop�r. Borrower sUall be given one copy of the Note and of this Sec�uity Instrument. 18. Transfer of the Property or a BeneFcial Ir�terest in Borrower. As used in flus Sedion 18, "Interest in the Property" means any legal or beneficial interest in the Properfy, including, but not limited to, those beneficial interests h�ansferred in a bond for deed, contract for deed, installment sales contract or escrow agreEment, the intent of which is the iransfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Intereat in the Praperiy ie sald or transferred(or if Borrower ia nat a natural person and a beneficial interest in Borrower is sold or transferre�without Lender's prior written consent, Lender may require immediate payment in full of all swns secured by this Seavity In.squment. However, this option shall not be esercised by Lender if such exercise is prohibited by Applicable Law. 2300250433 D VBANE NEBHASKA$Inpk Famlty-FanNe MeuFredtlie Mec UNIFOPM IN3TRUMENT WRH MFIi3 Fdm 3038 1/01 VMP pa VMPBA(NE)p 7051 Wottars K4wx FlnanclY Swviwe Pepe 12 of 17