201402166 - Laserfiche WebLink

Browse

��14��1�� in�eres� from �he da�e of disbursemen� a� �he same ra�e assessed on advances under �he Can�rac� and shal� be payab�e,wi�h in�erest,upfln notice fro�n Lender�o Borrovver reques��ng payment, I nspec��on. Lender or its a�en� n-�ay make reasonable en�ries upan and 7nspec��ons of�he Prflper�y. Lender shall gi�e Borrow�r notice a�the��me of or prior to an�pspec�xon spec�fyin�reasonable cause far the inspect��n. �ondemnatian. T�e p�oceeds of any award o�claim far damages, direct or c�nsequen�ial, in c�nnect�on with any condemnation flr other�akinb af any par� af��e Praperty, or f�r �an�eyance �n Iieu of condemna�ion, are hereby assi�ned and shal� be paid to Lender. In the even� of a�o�al �ak�nb of the Property, the proceeds shall be app�ied�o the sums secured by this Secur�ty Instrumen�, whe�her ar n�t then due, with any excess paid �o Borrower. In the event af a partial �akin� af�he Pr�perty in which the fair market value of�he Proper�y immediate�y before �he �akin� is eQual to or greater than the am�unt of the surns secured by �his Security �nstrument �mmedia�ely befare the �ak�n�, unless Barrawer and Lender otherw�se a�ree in v�ritin�,the sums secured by this SecurYty Instrument shall be reduced by�he amaunt of the proceeds mu��plied by�he fa�lawing frac��on: �a�the total amount of�he sums secured �mmedia�ely before�he �akin�, div�ded by �b} the fair n�arket �alue of the Proper�y immed�a�e�y before the �akin�. Any balance shall be paid �o Barrovver. I n the event of a par��a� �akinb of�he Proper�y in which �he fair market va�ue of the Proper�y immediately befare �he �al�in� is �ess �han the amount of�he su�ns secured i�r�med�a��ly before �he takin�, unless Barrov►�er and Lender a��erw�se a�ree in wr��in� or unless App�icable Lav�v otherwise provides, the praceeds shall be appl ied to�he sums secured by th is Se�u�-ity I nstrument wh��her or na�the sums are�hen due. �f�he Property �s abandoned by Borro�er, or if, after no�ice �y Lender ta Borrower that�he condemnor�ffers to make an award or se�tle a claim for dama�es, Borrower fa��s�o respond�o t�enc�er within the�m�nimum nu��nber of �ays established by Applicable Law af�er the date the no�ice �s g��n, Lender�s au�horized�a co�lec�and apply the proceeds, at i�s op�ion, either �o res�ara�ifln �r repair �f the Praperry or �� he sums se�ured by �h�s 5ecur��y �ns��ument,whe�her or n��then due. Unless Lender and Borrower o�herwise agree in writin�, any appl�catian of proce�ds ta princ�pal shal� not ex�end or pos�pone�he due date of th�paymen�s due under the Cont�a�t or change the amoun�flf suc�payments. BorrovWer No� Re�eased; Fvrbearance By I.�ender N�� a 'VVa��er. Ex�ension of �he ��me f�r payment or �-nad�fica�ion af amor��zatian af the sums secured by �his Securi�y Ins�rumen� �ranted by Lender �o B�rrower or any successor in interes� of Barrov�er shal� not operate �o release �he liability flf the original Borrower or Barrower's successors in �nteres�. Lender shall no�b� requ�red �o cam�-r�ence pr�ceedings a�ainst any successor in xnterest or r�fuse�o extend�ime for payment or otherv�ise madify am�rtiza�ion of�he sums secured by�his Security Instrumen� by reason af any demar�d made by the or�gi�al Borrower or Borrower's successors in in�eres�. Any forbearance by Lender in exercisinb any right or remedy shall not be a wai�er of or preclud� the exercxse af any ri�h�ar remedy. Successors and Assigns Bound; Join� and Se��ral Liabi�i�y; Accommoda��or� Sign�rs. Th� cfl�enan�s and a�reemen�s of this Securit� �nstrument shal l bind and benef t�he successors and assibns of Lender and Borrower, subjec� �� he pro�is�ons of sec��on tit��d Transfer af �he Property ar a Benef�cia� �nteres� in Borravver. Borra�ver's co�enants and agreernents sha�l be jain�and se�eral. Any persan who coWsigns�his Secur��y Ins�rumen� bu� has n� pers�nal liabi�i�y under �he Contrac� �"Accommada�ion Sibner"}: �a) �s co-signin� this S�cur�ty Ins�rument oniy to �-nort�a��, gran� and con�ey that Accornmoda�i�n Si�ner's interest �� he Properfiy under �he terms of the Security �nstru��nent; �b� is not persona�ly obl��ated to pay the sums secured by this Securi�y Instrumen�; and �c} a�rees tha� Lender and any a�her Borrov�er may a�ree�o extend, mod�fy, fa�bear or make any acc�mn�flda�ians w��h re�ard�o th��erms flf�his Security Instrument or the Con�ract without�ha�Accommod.ation Si�ner's cansen�. Laan �harges. If�he �oan secured by this Securi�y Instrument is subjec� to a law which se�s �naximum laan char�es, and that law �s fna��y inter�reted so�rha��he interes�or o�her loan char�es c�llected or�o be c�llected in cannec�ion with �he loan exceed the per�m��ted �imits, then: �a} any such loan char�e shal� b� redu�ed by �he arn�unt necessary �o reduce�he charbe �o�he permitted �irni�s and �� any sums already co]lec�ed fror� Borrower which �xceeded permit�ed ��m��s w�l� be refunded ta Barrower. Lender may chaase to make �his refund by �-educing �he �rincipal awed under �he Cont�-act or by makin� a direct payment ta �orr�wer. If a refund reduces pr�ncipal,the reduction v�i�� be�rea�ed as a par�ia�prepayment under the Cantract. N�t�ces. Any na�ice �o Borrov�e�- pr��ided for in this Securlty Instrument sha�l be bi�en by deliverinb it ar by mail�ng i�by first class mai� unless Appl�cable Lavv re�uires use of ana�her me�hod. T�e notice shall be direc�ed to �he Property Address or any other address Bor�ovver des�gnates by notice �o Lender. B�rrower a�rees �o pr��ide Lender with Borravver's most curr�n� mailin� address, as i� may change frorn �ime-�oW�im�. Any notice �o Lender shall be�i�en by firs�class mail to Lender's address s�a�ed herein or any o�her address Lender designa�es by no�ice �o Borrower. Any no�i�e prov�ded far in this Security Ins�rumen�sha�l be deemed to have been g�ven to B�rro�uer or Lender when�i�en as pro�ided in this para�raph. Ga�ern�nb Lav�; Se��rab��i�y.Th�s Secur��y Znstrument shall be go�erned by federal �aw and the Xau�s of�he s�a�e of Nebraska. In �he e�ent tha� any pro��sion or �lause of this Secur��y Instrumen� or �he �antrac� c�nfl�cts with Applicable Law, such canflict shal� not affect oth�r pravis�ons of�his Security 7nstrumen� or�he �antrac� w�ich can be gi�en effec�wi�hou�the conflic��n�provision. To this end the pro�isions of�h�s Security Ins�rumen�and the �ontract are declared�o be severable. Borrower's Capy, Borrower shail be�i�en one copy of this Secur��ty Instrument. �?D�4-2�1;CoFr�pliance Syst�F��s,[�ic.8EB'a-BFF9-?Q13L?.�.�I.7�? Cansumer Real Estate-Sec��rity lnstrument DL2D36 Pa�e�of 5 wtivw.�ornpliar�cesysterr�s.com