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201207952
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Last modified
10/10/2012 10:19:24 AM
Creation date
9/25/2012 8:47:04 AM
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DEEDS
Inst Number
201207952
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�0�20�95� <br />Security Instrument, whether or not then due. "Opposing Party" means the third party tUat owes Borrower <br />Miscellan�ua Proceeds or the pariy against whom Borrower has a right of a,ction in regard to Miscellaneous <br />Proceeds. <br />Borrower shall be in default if any action ar pra�eding, whether civil or criminal, is begun that, in Lender's <br />jud�nt, could result in forfeitura of tha Prop�ty or other material in�pairment of Lendar' s interest in the <br />Property or rights undar this Sacurity Instrument. Borrower c�n cure such a default aad, if acceleration has <br />accurred, reinstate as provided in Section 19, by causing the action or proc�eding to be dismissed with a <br />ruling that, in I.ender's judgment, precludas forfeitura of tha Property or other material impairment of <br />Lender' s i�erest in the Propei�ly or rights �mder tbis Sacurity Instmm�ent. The proceeds of sny awazd or <br />claim for damagas that are attri'butable to the impaiiment of Lend�'s interest in the Properiy are hereby <br />assigned and shall ba paid to Lender. <br />All Miscellaneous Proc�s that are not applied to restoration or repair of the Properl.y shall be applied 'm <br />tha order provided for in Se�ion 2. <br />12. Borrower Not Rgleased; Forbearance ��ender Not a Wahrer. Extension of tha tima for payment or <br />a�odification of �tion of tha sums seeured by tbis Security lnstrument granted by Lender to Harrower <br />ar any Successor in Interest of Borrower ahall not oparate to release tha liability of Borrower or any <br />Suc�rs in Interest of Boaower. Lander shall not be m,ciuired to commence proceedings against anY <br />Successor in Interest of Borrower or to refuse to extend ti� for payment ar otherwise modify �on <br />of the sums secured by t1�is Sac�mty Instrument by reasan of any demand made by the original Boirower or <br />any Successors in Interest of Borrower. Any farbearance by Lender in enercising any right or remedy <br />including, without limitation, Lender's �ca of paym�ts fram third p�sons, entities or Swcr,assors in <br />Interest of Borrower or in amounts l�s than the a�unt then due, shall not be a waiver of or pr�luda the <br />axercisa of any right ar remedy. <br />13. Jolr�t and Several I�abtlity; Co-slgr�rs; Succ�ssors and Asslgns Bound. Borrower covenants aad <br />agrees that Borrower' a obligations and liability shall be joint and several. However, any Borrower who <br />co-signs this Sacurity Instrument but doea not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrument only to �rtgaga, grant and convay tha co-signar' s intere,st in the Properiy under the <br />tern�s of this Security Tnstrument; (b) is not parsonally obligated to pay the awns secured by this Security <br />Instr�nt: and (o) agrees that Lender aad any other Borrower �n agree to extend, modify, forbear ar make <br />any ac�odations with regazd to the tenns of this Se�urity Instrum+ent or the Note without the co-signer's <br />consent. <br />Subjec;t to the provisions of Section 18, any Swccessor in Irn�est of Boirowe� who assumes Borrowez's <br />obligations under this Sacurity Inslrumant in writing, and is approved by Lender, shall obtain all of <br />Borrower' s rights aad benefits under this Security Tnstru�ent. Horrower ahall not be raleased from <br />Bonower' s obligabions and liability imder thia Security Instr�ment unless Lender agrees to such releasa in <br />writing. The covenants and agr�ts of this Security Instru�nt shall bind (except as provided in Section <br />20) and beaefit the aucceasors and assigns of Lend�. <br />14. Loan Citars��. Lender may charge Bonower fe� for services performad 'm connaction with Barrower's <br />default, for the purpose of protacting Lend�'s interest in the Prop�ty sad rights under thia Security <br />Instru�nt, including, but not limited to, attarneys� fees, ProPeriY inspe�ion and valuation fees. In regard to <br />any other fces, the absence of express suthority in t1�is Sacurity Instrument to charge a spacific f� to <br />Borrower shall not ba construed as a prolubition on the chazging of such fee. Lender may not chazge fees <br />that are expressly prolu'bited by this Security Instrunnent or by Applic�bla Law. <br />2200288381 <br />NEBRpSKASkple F�nOy-FartNe Mae/Freddie AAao UNIFORM INSTRUMEN'f WITH MERS <br />Wdters Kiuws Rna�adal Servi�ee <br />D V6ANE <br />r-orm ao2a �ro� <br />VMPBA�NE117106) <br />P�e 7 7 of 7 7 <br />_ � � /� � <br />/'U <br />
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