201207872 - Laserfiche WebLink

Browse

�O��Q7�72 If the Loan is subject to a law wluch seta maximum loan chazges, and that law is finally interpret� so that the interest or other loan charges collected ar to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall ba reduce� by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collacted from Borrower which exceeded permitted limits will be refimded to Bonower. Lender may choosa to make this refund by raducing the principal owed under the Note or by maldng a direct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any piepaymeat chazge (whether or not a prepayment cherge is provided far under the Note). Borrower's acceptanca of any such refund made by direct payment to Bonower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in conneclion with tlus Security Instrvment must be in writing. Any notice to Borrower in connection with this Security Instrument sha11 be deemed to have been given to Borrower when mailed by first class mail ar when actually deliver� to Borrower' s notice address if sent by other means. Notice to any one Borrower sha11 constitute notice to all Borrowers unless Applicable Law expressly requires othervvisa. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Bonower shall promptly notify Lender of Borrower's change of ad�ess. If Lender spe�ifies a procedure for reporting Bunower' s change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under tlus Security Inslrument at any one time. Any notice to Lender sha11 be given by delivering it or by mailing it by first class mail to Lender' s address stated herein unless Lender has designated another address by notice to Bonower. Any notice in conne�tion with this Sec�mty Inshvment shall not be deem+ed to have been given to I,ender until actually received by Lender. If any notice required by this Security Instrument is also required under Applic�ble Law, the Applicable Law requirement will sa.tisfy the corr�ponding requirement under this Security Instrument. 16. Goveming Law; SeverabilUy; I�les of Constructian, This Security Inslrument shall be governed by federallaw and the law of the jurisdiction in which the Property is locat�. All rights and obligations contained in this Security rn.�+*�•�+� $re subj�t to any reqwirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow tha parties to agree by contract or it might be silent, but such silence sha11 not be construed as a prolubition against agreement by contract. In tha event that any provision or clause of this Sacurity Instrument or the Note conflicts with Applicable Law, such conflict sha11 not affect other provisions of this Security Instrim►ent or the Note wluch can be given effect without the conflicting provision. As us� in this Security Instrument: (a) words of the masouline gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular sball m�n and include the plural and vice versa; and (c) the word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower sball be given one copy of the Note and of tlus Security Insbn�ment. 18. Transfer of the Property or a Beneflcial Ir�terest in Borrower. As used in this Se�tion 18, "Interest in the Property" means any legal or beneficial interest in the Properiy, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract ar escrow agr�t, the intent of which is the transfer of title by Borrower at a future date to a purchaser. If a11 or any part of the Properiy or any Inter�t in the Properiy is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold ar transferrec� without Lender' s prior written consent, Lender may recprire immediate payment in full of all sums sacured by this Sacurity Instmm�ent. However, this option shall not be exercisad by Lender if such exercise is prolubited by Applic�bla Law. 2200271788 NEBRASKASingle FamOy-FanNe Mae/Freddle Meo UNIFORM INS'TFtUMENT W1TH MERS VMP Cql Woiters Kluwer F6iendel Servl¢ee D VBANE Form 3048 1/07 VMPBA�NE1 (1106) Page 12 of 7 7 w � ►I �