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201500735
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2/4/2015 2:18:13 PM
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201500735
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interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security <br />Instrument- by reason of any demand made by the original Borrower or Borrower's successors in interest Any <br />forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any <br />right or remedy. <br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The covenants and <br />agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, <br />subject to the provisions of section titled Transfer of the Property or a Beneficial Interest in Borrower. <br />Borrower's covenants and agreements shall be joint and several. Any person who co -signs this Security Instrument <br />but has no personal liability under the Secured Indebtedness ( "Accommodation Signer "): (a) is co- signing this <br />Security Instrument only to mortgage, grant and convey that Accommodation Signer's interest in the Property <br />under the terms of the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any <br />accommodations with regard to the terms of this Security Instrument or the Secured Indebtedness without that <br />Accommodation Signer's consent. <br />Loan Chatges. If the - loan secured by this Security Instrument is subject to a law which sets maximum loan <br />charges, and that law is fmally interpreted so that the interest or other loan charges collected or to be collected in <br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the <br />amount necessary to reduce the charge to the permitted limits and (b) any sums already collected from Borrower <br />which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by <br />reducing the principal owed under the Secured Indebtedness or by making a direct payment to Borrower. If a <br />refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge <br />under the Secured Indebtedness. <br />Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by <br />mailing. it by first class mail unless Applicable Law requires use of another method. The notice shall be directed to <br />the Property Address or any other address Borrower designates by notice to Lender.. Borrower agrees to provide <br />Lender with Borrower's most current mailing address, as it may change from time -to -time. Any notice to Lender <br />shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice <br />to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower <br />or Lender when given as provided in this paragraph. <br />Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state <br />of Nebraska. In the event that any provision or clause of this Security Instrument or the Secured Indebtedness <br />conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the <br />Secured Indebtedness which can be given effect without the conflicting provision. To this end the provisions of <br />this Security Instrument and the Secured Indebtedness are declared to be severable. <br />Borrower's Copy. Borrower-: shall be given one copy of this Security Instrument. <br />Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest <br />in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a <br />natural person) unless the Secured Indebtedness is assumable, Lender may, at its option, require immediate <br />payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by <br />Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If the Secured <br />Indebtedness shows that Borrower's loan is assumable, Borrower must obtain Lender's written permission for an <br />assumption and follow any other requirements of Lender related to an assumption. If Borrower does not do so, <br />Lender may require immediate payment in full of all sums secured by this Security Instrument <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration: The notice shall provide a <br />period of not less than the minimum number of days established by Applicable Law from the date the notice is <br />delivered or mailed within which Borrower must pay all sums secured by this Security ,Instrument. If Borrower <br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br />Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have <br />enforcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other <br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale <br />contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrument. Those <br />conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument <br />and the Secured Indebtedness as if no acceleration had occurred; (b) cures any default of any other covenants or <br />agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited to, <br />reasonable attorneys' fees to the extent permitted by law; and (d) takes such action as Lender may reasonably <br />require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation <br />to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, <br />this Security Instrument and the obligations secured hereby shall remain fully effective as if no acceleration had <br />occurred. However, this right to reinstate shall not apply in the case of acceleration under the section titled <br />Transfer of the Property or a Beneficial Interest in Borrower. <br />Sale of Secured Indebtedness Change of Loan Servicer. The Secured Indebtedness or a partial interest in the <br />Secured Indebtedness (together with this Security Instrument) may be sold one or more times without prior notice <br />2004 -2Ol3 Compliance ms, Inc. 96 -9 - 2013L2.0.721 <br />Cons RedGEstate - Sec Instrumen 2036 <br />'Page'4.of6 <br />201500735 <br />6 <br />W wtv. compliaacesystefLE, Coln <br />
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