201208044 - Laserfiche WebLink

Browse

�0�2U�04� Security ins�vn�ent, whether or not then due. "OPPosing Party" meaa�s the third pariy tUat owes Borrower Miscellaneous Proceeda or the party against whom Boirower has a right of action in regard to Miscallaneous Procxeds. Bonower shall ba in default if any action or prac�ding, whether civil or crimm�al, is beg�m that, in Lender's judg�ent, could result in forfeitura of tha Property or othe� a�terial inapairment of I.ender' s interest in tha Properiy or right� under thia Security Instrument. Borrower can cure such a dafault and, if atxeleration has axurred, reinstate as provided in Section 19, by causing the action or proceeding to ba dismissed with a ruling tUat, in Lender' s judgment, precludes forfeit�ae of tha Property or other m�ial impair�nt of I.ender' s interest in the Property ar right� under this Sacurity Ins�nmdent. The proceeds of azry award or claim far damages that are attdbutabla to the impairment of Lender's inYerest in tha Prop�ty are hereby assi�ed aad shall be paid to Lender. All Miscellaneous Procee�s that are not applied to restoration or repair of the Properly shall be applied in tha order provided for in Section 2. 12. Borrower Not Relez�ed; Forbearance � Lender Not a Wahrer: Extension of the time for payment or a�lific�tion of a�rtization of the sums secured by this S�urity �ns�t granted by Lender to Borrower ar any Successor in Interest of Borrower shall not operate to releasa tha liability of Borrower or any Succ�ssars in Interest of Bonower. Lendar ahall not be required to commence proceedings againat aaY Succ�sor in Interest of Borrower or to rafuse to extand time for paym,e�t or othervvise �dify �on of tha sums secured by this Se�urity Inslmm�ent by reason of any demand made by the original Borrower or aay Successors in Intereat of Borrower. Any for� by Lender in exercising any right or remedy including, without limitation, Lencler's �x,eptanca of payments from third p�sons, eatities or Successora in Interast of Borrower ar in amounts less thaa the a�unt theu due, shall not be a waiver of ar preclude the exercise of any right ar remedy. 13. Jolnt and Severaal Llabllity; Co-signers; Su� and Asslgns Bound. Borrower covenants and agrees that Borrowar's obligations and liability shall ba joint a�md several. However, aay Borrower who co-signs this Sacurity Inatrument but doas not execute the Nota (a "co-sign�"): (a) is co-signing this Security Insb�vment only to x�rtgaga, grani and convey the co-signer' s interest in tha Properiy undar the tenns of t1�is SecuritY Insh�u�nt: N) is not personally obligatefl to pay the sums secured by this Sacurity �nst�ent, and (c) agc'ees that Lend� and any other Baarower c�n agrea to extend, modify, farbear or make any accom�dations with regard to the terms of this Security �nstnm�nt or the Note without the co-signer' s consent. Subject to the provisions of Se�tion 18, any Suc�sor in Interest of Borrow� who asaumes Boirow�'s obligations under this Sacurity Instrument in writing, and is approved by Lender, sl�all obtain all of Borrower's rights and benefi� under this Security in.a�„�. Borrower shall not ba released from Bonower's obligations and liability under this Security Insln�ment unless Lender agrees to such releasa in writing. The covenaats and a�t$ of this Security Instnm�ent shall bind (excapt as provided in Section 20) and benafit tha succassors and assigns of Lend�. 14. I�oan Charg�. Lender may charge Burrower fees for services perFormed in connaction whh Borrow�'s default, for tha purpose of protecting Lend�'s interest in the Properiy and rights under this Sec�aity �ns�ment, including, but not limited to, atta�neys� fees, PT�P�Y mspection aad valuation fee.s. In regard to any other fees, the absenca of exprass authority in this Se�uity Instrumeat to chazge a specific f� to Borrower shall not be conshved as a prolu'bition on tha chazging of such fea. Lender may not charge fe�as that are expressly prolubited by this Security Instmm�ent or by Applicabla Law. NEBRASKAStrpb F�nYy-Fa�mle Mae/Freddb Mao UNffORM WSTRUMENT WITH MEN9 � VMP Cql Wotcers KNwer F4� Servioes D V6ANE Fotm 30'18 1/07 VMP6A(NE111106) Pege 7 7 of 7 7 C.5 . t�