201207796 - Laserfiche WebLink

Browse

201207796 Security InsG'umenC, whet6er or noC dien due. "Opposing Party" means the third party th�t owes Borrowcr Misecllaneous Proceeds or the parey against whom Borrower has a right of action in regard to Miscellaueous Yracccds. Borrower shal] be in default if any actiou or proceediug, whether civil or criminal, is be�,nw that, in Lender's judgment, co�ild resul� in lorfciturc of the Property or otlier mal�erial impairment of Lende�'s interest in the Property or rights under this Securiry Instrurnent. I3orrowcr can cure nuch n deCault und, if acccla�a.tion I�es occmred, reinstate as provided in Section ]9, by causing tlie nction or proceeding to be clismissed with a ruling that, iu Lcndce's judgmcnt, prccludes forfeiture of the Property or otlier �uaterial impairment of I.,ender's interest iu the Properry or rights under this Securi[y Instniment. The proceeds of any award ur cleim ior damages that are attributable to d�e unpaiimeut of Lender's interest in Cl�e Property are�ereby assigned �nd shall be paid to Lender. All Miscella�ieous Proceeds thaC are iiot 2pplied to restoratiou or repair of tl�e Yiaperty vhnll be appliul in the ordcr ��rovidcd fur in Scction 2_ 12. Borrower Not Released; Forbearance By Lender Not a Waiver. F.xtcnsion oftlic timc for paymcnt or modi6cation of a�norCization of the sums secured by tl�is Securi�y Inslrument grnnted by Lcnder tu Burruwcr or auy Succcssor in h�terest of Rorrower sl�all not operate ro release tlie liability of Borrower or any Successors in Interest of Borrower. Lender shall not be requirul to commencc proa;cdii�gs against eny Successor in Interest of Borrower or to refitse Yo extend time for payment or otheiwise modify amortization of tlie sums scenred by lhis Sccurity Instrament by reason oY airy demand made by tl�e original Rorrower or a�ry Successors in Interest of Borrower. Any forbcarance by Lcndcr ii� cxcrcising nny right or rcmcdy including, widiout limitation, I,ender's 2cceptance ofp2ytnents from third persons, enYities or Snccessors in Interest of I3orrower or in amounts Icss Cl�an the a�nount then doe, shall uot be a waiver of or preclude the exercise of uuy right ot remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Ronowcr covcn�nts �nd agrees tllat Borrower's obligations and liability sliall be joiut a�d several. However, any Borrower who co-signs this Sccurity h�strument but does uot execute the NoCe (� "co-signer"): (a) is casige�ifig this Secnrity ListrumenY only to morl�age, gnnL xnd convcy thc co-signcr's intcrest in thc Properry undcr thc terms of tl�is Secuxity Instrument; (b) is not}�ersonally obligated to F�ay[he sums seeured by �his Secivity Inshvmei�L; and (c) agrccs tha[ Lender and 1uy other Borrowet c2n 2gree to extend, modify, fotl�eu or make airy accamnodations with regzu-d tu �hc[crms of this Security tiutrmnei�t or flie Note without t6c co-signe�'s consont. Subjcct W the provisio��s of Section l8, 2ny Snccessor iu Inl:eres[ of Borrowcr wha assumes Boreower's obligations under this Scctu-ity lnstrument in writiug, and is approved by Lender, shall obtain �ll of Ron-ower's rights and benefits under this Security h�sLrwi�cnL Borrowcr shall not bc rcicased li�om Borrowcr's obligations and Iiability under dtis Securiry Instrament unless Lender ngrees to such release in writit��. The covenants and agrccmenCs of ttiis Security Instrwnent sl�all bind (except as provided in Sectiou 20) and be�iefit the successors and assigns of Lcnder. 14. Loan Charges. Leuder may charge Iionowa fccs for sciviccs performed in counccrion witJ� Rorrowci`s defaulL, for the purpose of profecting Lender's intecest in the Property and righGs under diis Security Insf��ument, including 6iit not limited to, attorneys' fees, propei�Cy it�spection and valuatiott fees. In reg�rd Yo any other fees, the absencc of express authority in tl�is Security Instrumcnt to charge a spwific fce to Burrowcr shall not be construed as a prohibition on the cllarging of sucf� fcc. Lcndcr may not charge fees tl�at are expressly prohibited by tliis Security InsCrumenC or by Applicable Law_ 860�30�482 {�, 88��300482 NEBRASKASinglefamlly-fannleMaelFrodAicMacONIFOHMINSTRUMENTWI7HMER5 }�J, +Fp Porm30281/01 VMP(� � � V VMPfiA(NE)�11051 Wolter5 Kluwer Financlel Services PaAa 11 of 1)