201500327 - Laserfiche WebLink

Browse

' � � 201500327 ' under this Security Instrument unless Lender at,�-iees to such release in writing. The covenants and agreements of tlus Security Instrument shall bind(except as provided in Section 19) and benefit the successors and assi�s of Lender. 13. Loan Charges. Lender may charge Borrower fees for services performed in connection with Bonower'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 shali not be construed as a prohibition on the char�ing of such fee. Lender may not charge fees that are expressly prohibited by this Security 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 charges collected or ta be collected in connection with the Laan exceed the permitted limits, then: (a)any such loan charge 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 Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge(whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refiznd made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 14. Notices. All notices�iven by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Insh-ument shall be deemed to ha�e been�iven to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law e�ressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Bonower shail promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Bonower's change of address,then Borrower shall only report a change of address through that specified procedure. There may be only one desi�ated notice address under tYus Security Instrument at any one time. Any notice to Lender shali be given by delivering it or by mailing it by first class mail to Lender's address stated herein uniess Lender has designated another address by notice to Bonower. Any notice in connection with this Security Instrument shall not be deemed to have been.given to Lender until actually received by Lender. If any notice required by this Security Instrument is aiso required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 15. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the 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 the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or cIause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be�iven effect without the conflicting provision. As used in this Security Instrument: (a)words of the masculine gender shall mean and include corresponding neuter words or words of the feminine jender; (b)words in the singular shall mean and include the plural and vice versa; and(c)the word"may" �ives sole discretion without any obligation to take any action. 16. Borrower's Copy. Borrower shall be�iven one copy of the Note and of this Security Instrument. 1'7. Transfer of the Property;Accelerafion;A,ssumption. This loan may be declared immediately due and payable upon transfer of the property securing such loan to any transferee, unless the acceptabiliiy of the assumption of the loan is established pursuant to Secfion 3714 of Chapter 37, Title 3$,United States Code. The acceptability of any assumption shall also be subject to the following additional provisions: (a) Funding Fee: A fee equal to one-half of 1 percent of the balance of this loan as of the date of.transfer of the property shall be payable at the fime of transfer to the loan holder or its authorized agent, as trustee for the Department of Veterans Affairs. If the assumer fails to pay this fee at the time of transfer,the fee shall consfitute an additional debt to that already secured by this instrument, NEBRASKA—Single,Family—UNIFORMINSTRUMENT DocMaglc roP� MODIFIED FOR DEPARTMETlT OF VETERANS AFFAIRS www.docmagic.com (REV.1/01) Page 9 of 14