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201407964
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Last modified
12/18/2014 3:58:25 PM
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12/18/2014 3:58:24 PM
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DEEDS
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201407964
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Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in <br />Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's <br />interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, <br />if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to <br />be dismissed with a ruling that, in Lender's judgment, precludes forfeiture ofthe Property or other material <br />impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied <br />in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time for <br />payment or modification of amortization of the sums secured by this Security Instrument granted by <br />Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of <br />Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings <br />against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Security Instrument by reason of any demand made by the <br />original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising <br />any right or remedy including, without limitation, Lender's acceptance of payments from third persons, <br />entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be <br />a waiver of or preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower <br />covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any <br />Borrower who co -signs this Security Instrument but does not execute the Note (a "co- signer "): (a) is <br />co- signing this Security Instrument only to mortgage, grant and convey the co- signer's interest in the <br />Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums <br />secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to <br />extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument <br />or the Note without the co- signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's <br />obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of <br />Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release <br />in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not <br />charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />HCFG -00359 <br />NEBRASKA - Single Family- Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 30281/01 <br />VMP® 07/14 <br />Wolters Kluwer Financial Services 201412154 .1.0.2815- J20140729Y Page 11 of 17 <br />1 <br />N <br />11 <br />1 4 1 9 1 <br />201407964 <br />1 <br />wi <br />1 <br />11 <br />1 <br />
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