201504233 - Laserfiche WebLink

Browse

201504233 If the Loan is subject to a law which sets maximum loan charges,and that law is finally interpreted so that the interest c�r other loan charges collected or to be collected in connection with the Loan exceed the permitted linnits,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 Bonower which exceeded permitted limits will bf�refunded to Borrower.Lender may choose to make this refund by reducing the pzincipal owed under the Ncite 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). Bonower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Bonower might have axising out of such overcharge. 15. Notices.Al l notices given by Bonower or Lender in connection with this Security Instrument must be in writing.Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Bor.rower when mailed by fust class mail or when actually delivered to Bonower's notice address if sent by ott�er means.Notice to any one Bonower shall constitute notice to all Bonowers unless Applicable I,aw expressly requires otherwise. The notice address shall be the Property Address unless Borrower ha;s designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedttre for reporting Bonower's change of address,tt�en Bonower shall only report a change of address through that specified procedure. There may b�e only one designated notice address under this Security Instrument at any one time.Any notice to Lender sh:�l(be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lendez has designated another address by notice to Borrower.Any notice in connection with this Security Instrument shalt not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law,the Applicable Law requirement�will satisfy the conesponding requirement under this Security Instrument. 16. GoverninglLaw; Severability;Rulesof Construction.This Security Instrument shall be govemed by federal law apd 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 L�aw 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�clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect ottier provisions of this Security Instrument or the Note which can be given effect without the conflicting p�rovision. As used in this Security Instrument: (a)words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b)words in the singular shall mean and include the plural and vice versa;and(c)the word"may"gives sole discretion without any obligation to take any action. 17. Borrower's Copy.Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transferof the Propertyor a Beneficiallnterest in Borrower.As used in this Section 18, "Interest in the Property"means any legal or beneficial interest in the Property, including,but not limited to,those beneficial interests transfened in a bond for deed,contract for deed, installment sales contract or escrow agreement,tt�e intent of which is the transfer of title by Bonower at a future date to a purchaser. If all or any Xiart of the Property or any Interest in the Property is sold or transferred(or if Borrower is not a natural perso�n and a beneficial interest in Borrower is sold or transfened)without Lender's prior written consent,Lenc�er may require immediate payment in full of all sums secured by this Security Instrument. However,thi:s option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. NEBR,4SKASingle Family-f annie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS Fortn 30281/01 VMP O VMP6A(NE)(1302).00 Wolters Kluwer Financial Sarvices Page 12 of 17 II I I I'(I'I I I I II I I��I'I II I II IIII II'I III'I I II')I III q03342080814 0233 298 1217