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201207817
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9/21/2012 8:31:10 AM
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201207817
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�0120��17 <br />acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less <br />than the amount then due, shall not be a waiver 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 <br />agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs <br />this Security Instrument but does not execute the Note (a "co-signe�"): (a) is co-signing this Security Instrument <br />only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security <br />Instrwnent; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees <br />that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with <br />regazd to the terms of this Security Inst�vment or the Note without the co-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's <br />obligations under this Security Instrument in writing, and is appmved by Lender, sha11 obtain all of Borrower's <br />rights and benefits under this Security Instrumen� Bonower shall not be released from Borrower's obligations <br />and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and <br />agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors <br />and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument, including, but not limited to, attomeys' fees, property inspection and valuation fees. In <br />regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to <br />Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that <br />are expressly prohibited by this Security Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan chazges, and that law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge <br />to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will <br />be refunded to Bonower. Lender may cho�e to make this refund by reducing the principal owed under the <br />Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will be lreated <br />as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided <br />for under the Note). Bonower's acceptance of any such refund made by direct payment to Borrower will <br />constitute a waiver of any right of action Borrower might have arising out of such overcharge. <br />15. Notices. All notices given by Borrower or Lender in connec6on with this 5ecurity Insirument must be <br />in writing. Any notice to Borrower in connection with this Security Instrument shall be deeme� to have been given <br />to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by <br />other means. Notice to any one Borrower shall consritute notice to all Borrowers unless Applic�ble Law expressly <br />requires otherwise. The notice address shall be �e Properly Address unless Borrower has designated a substitute <br />notice address by notice to Lender. Borrower shall promptly norify Lender of Borrower's change of address. If <br />Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change <br />of address through that specified procedure. There may be only one designated notice address under this Security <br />Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by fust class <br />mait to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any <br />notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually <br />received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the <br />Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed <br />by federal law and the law of the jurisdiction in which the Properly is located All rights and obligations contained <br />in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law <br />might explicitly or implicitly allow the parties to agree by contract or it might be silent, but such silence shall <br />not be construed as a prohibition against agreement by contract In the event that any provision or clause of this <br />Security Insmiment or the Note conflicts with Applicable Law, such conflict sha11 not affect other provisions <br />of this Security Instrument or the Note which can be given effect without the conflicting pmvision. <br />NEBRASKA—Single Family—Fannie Mae/Freddte Mac UNIFORM INSTRUMENT Form 30281/Ol <br />NEBRASKAdNERS G►eatOoca� <br />�TEM 2898L10 (072811) (Pege 100/ 15) <br />
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