201600514 - Laserfiche WebLink

Browse

2� 1 ��514 Security Instrum.ent,�vhether or not then due. "�pposing Party"means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Borrow�r has a r�ght of action in regard to Misc��aneous Proceeds. Borrotiv�r sha11 be in default if any action or proceeding,vvhether c�vi�or crimina�, i�begun that, in Lender's judgment,could result in forfeiture of�he Property or other material impairment�f Lender's interest in the Froperty ar rights under this Security Instrument. Borro�rer can cure such a default and, if acceleration has occurred,reinstate as provided in Section 19,by eausing the action or proceedi�g to be dismissed with a ruling that, in Lender`s judgm�nt,precludes farfeiture of th.e Property Qr other material impaiurment of Lender's interest in the Property or rights under this Security�nstrument, The proceeds of any award or claim for damages that are at�r�bu�able to the impairment of Lender's interest in the�'roper�y are hereby assigned and sha11 be paid to Lender. A11 Miscellaneous Proceeds that are not applied to restoration or repair of the Property sha��be applied in �he order prov�ded for in Section 2, 'I 2. Borrower Not Released;Fo�bearance8y LenderNot a Wai�er.Extension of the time for payme�t or modificatio�of amorti�ation of the sums secured by this Sec�rity�r�s#�r�ent g�a�nted b�Lender to Bo�rovver or any Successor in Interest of Borrovver sha11 not operate to release the liability of Borrower or any Successors in Interest of Barro�uer. Lender sha11 nat be required to commence proceedings against any Successo�in Interest of Barrower or ta refuse to extend time for payment or atherwise madify amortization af the sums s�cured by this Securit�Instrument by reason of any demand made by the orig�nal Borrower ar any Successors in Interest of Borrower.At�y forbearance by L�nder in exercising any right o�r remedy including,without��mitation,Lender's accepta.nce of payments from third persans, entities ar Su�cessors�� Interest of Borrower or in amounts less than the amount then due, sha��not be a�vaiver of�r preclude the exercise of any right or remedy. 13. Joint and Se►►eral Liability;�a-signers;Su��essarsand Ass�gns Bound.F3orrower covenants and agrees that Borro�ver's obligations and tiability sha��be joint and several. Hovvever,any Barrower who co-signs this Securit�Instrument but does nat e�e�ute th�e�ote�a"�a-signer"}: �a}is co-signing t�is Security�nstrument only to rnortgage,grant and cvnvey the co-signer's interes�in the Property under the terms of this Security�nstrument; �b}is nat personally ab�igated to pay the�ums secured by this Security Instrum�nt; and(G}agrees that Lender and any other Borrower can agree ta extend, modify, forbear ar make any accommada�ions with regard to the terms af this Security Instrument or the Note vvithout the co-signer's consent. Subject to the pro�isions of Section �8, any Success�r in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in wri�ing,and is appr��ed by Lender, sha11 obtain all of Borrawer's rights and benefits und�r t�is Securit�Instrument. Borrawer sha11 not be rel�ased from BorrQwer's obligatians and liability under this Security�nstrument unless Lender a�re�s to such release in �vriting. The co�enants and agreements of this Secu.rity In.strument sha��b�nd(ex�ept as provided in Sectian ��}and ben�fit the su�cessors and assigns of Lender. 1�4. Loan Charg�s.Lender may charge Borrower fees for ser�ices perf�rmed in connection w�th Barro�ver's default, for the purpose of pro�ect�n�Lender's interest in the Property and righ�s under�h�s Security Tnstrument, including,but nat limited to,attorneys'fees,pr�perty inspection and valuation fees. In regard to any other fees,the absence af express authority in this Security�nstrument tv char�e a speci�c f�e to Barro�ver�hall not he constru�d as a prohib�tion on the Gharging of�uch fee. Le�der may�at�cha�ge fees that are expr�ssly prohib��ed by this Security Instrument or by Applicab�e Law. NEBRASKA�ingle Family-Fannie MaetFreddie Ma�11NlF�RM INSTR�MENT WITFi MERS Form 3428 1141 VMP C7 VMPfiA(NE)��302}.4U Woiters K�uwer Financial Seivices Page�"1 of"f� q�33516�20�Z ��33 23$ 1117