201208689 - Laserfiche WebLink

Browse

�0�20 All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Secrion 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower sha11 not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by ttus Security Instrument by reason of a.ny demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearaace by Lender in exercising any right or remedy including, without limitarion, Lender's acceptance of payments from third persons, enrities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covena.nts and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who casigns ttus Security Instrument but does not execute the Note (a "co-signer"): (a) is casigning tkus Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or malce any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrdwer's rights and benefits under this Security Instrument. Borrower sha11 not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lettder. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prolubidon on the charging of such fee. Lender may not chazge fees that are expressly prohibited by this Secutity Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan chazges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan chazge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment chatge (whether or not a prepayment charge is provided for under the Note). Bonower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All notices given by Bonower or Lender in connection with this Security Instrument must be in writing. Any norice to Borrower in connecrion with tlus Security Instrument sha11 be deemed to have been given to Borrower when ma.iled by first class mail or when actually delivered to Borrower's norice address if sent by other means. Notice to any one Borrower shall constitute notice to a11 Borrowers unless Applicable Law expressly requires othervvise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Bonower sha11 prompdy notify Lender of Bonower's cha.nge of address. If Lender specifies a procedure for reporting Borrower'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 this Security Instrument at any one time. Any norice to Lender sha11 be given by delivering it or by mailing it by first class mail to Lender's address stated berein unless Lender has designated another address by notice to Borrower. Any norice in connection with this Security Instrument shall not be NEBRASKA -S(ngle Family-Fannle MaelFreddle Mac UNIFORM INSTRUMENT with MERSForm 3028 1/01 � Page 8 of 13 ios, inc. Borrower(s) IniUals