201210371 - Laserfiche WebLink

Browse

201210371 If the Loau is subject to a law which sets maximum loan charges,and that la�v is finally interpreted so that the interest or othc�loan charges collected or to be coilected iu couucction with the Loan exceed the permitted limita,theu: (a)any such loan charge shall bc reduced by the atnount 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 Borrowec Lender may choose to makc this refund by reducing the priocipal otved uiider the Note or by making a d'uect paymcnt to Borrower. If a refund reduces principal,the rcduction will be ueated as a partial prepayment without any prepayment chargc(whether or not a prepayment charge is provided for under the Note). Borro�ver's accepta�icc oY any such tefund made by direct payment to Borrower will wnstitute a waiver of any right of action Borrower might have arising out of such overcharge. 95. Notices.All notices given by Borrower or Lender iu connection with this Sectvity Instrument must be in wTiting. Any notice to Sorrower iu connection�vith this Security Instrument shall be decmed to have beei� given to Borrower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other means.Notice to any one Borrowcr shall constitute notice to all$orrowers unless Applicable Law expressly requires otherwise. The notice address shall be[he A-operty Address unless Borrower has designated a substitute notice adclress by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for repor[ing Borrower's change of address,then Borrower shall only report a change of address through that spcciSed procedure. There may be ouly one designated notice address under this Security instrument at any one time. Any notice to Lender shall be given by dclivering it or by mailing it by first class mail to Lender's address stated herein unless Lender hxs designated another ad&ess by no[ice to Borrower. Any noticc in connection with this Security Instrument shall not be deemed to hxve been given to Lender until actually rcceived by Lendcr. If any notice requiced by Ihis Security InsWment is also required under Applicable Law,the Applicable Law requirement will satisfy the coiresponding requirement under this Security Instmment. 16. GoverningLaw; Severability;Rulesof Construction.This Security Instrumcnt shall be govcr❑eJ by federal law and the law of thc jurisdiction in which the Property is located.All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow thc parties to agree by contract or it might be silent,but such silence shall not be construed as a prohibition against agreement hy contract. In the event that auy provision or clause of this Secivity Instrument or the Note conflicts with Applicable Law, such conflict shall not atlect other provisions of this Secudty Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a)words of the masculine gcnder shall mean and include corresponding neuter words or words of the feminine gender, (b)words in the singulaz shall mean and include thc plurnl and vice versa;and(c)the wocd"may"gives sole discretion without any obligation to take ai�y action. 17. BO►rower's Copy.Bonower shall be given one copy of the Note and of this Seciuity lnstrument. 18. Transferof the Propertyor a Beneficiallnterest in Bonower.As uscd in this Section 18, "lnterest in the Proper[y" means any legal or beneficial interest in the Property, including,but not limited to,those beneFicial interests transferzed in a bond for deed, conuac[for deed, installment sales contract or escrow a�ement,the intent of which.is the transfer of title by Borsowcr at a future datc to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transfened(or if Rorrower is not a natural person and a beneficial interest in Boaower is sold or traasferred)without Lender's prior writtcn consent, Lender may require immediate payment in Yull of all sums sewred by this Security Instrument. However,this option shall not be exercised by Lender iti such exercise is prohibited by Applicable Law. NEBR45KASIngle Famlly-Fannle AAea/Freatlie Mec UNIFORM INSTRUMENT WITH MERS Portn 30281101 VMP pD VMPRA(NE)ry ID5)AD WolleS puwer Financial Services Page 12 nf 1l ii i i ii iiii i i i�ii i iii i i�iiiiiiiii i iii ii i i i iiiii iii