201602012 - Laserfiche WebLink

Browse

2� 1 ��2� 12 int�res� fr�m �he da�e of disbursemen� a� �he sarne rate assessed or� advances under �he �antract and shall be payab�e,w��h znteres�,up�n no�ice fr�m Lender�o Borrovtrer reques�zng pa}rnaen�. Inspect�an. Lender or ��s agen�may make reasonab�� entries upon and inspec�i��as of the Praper�y. Lender sha�� g�v�Borrower not�ce a��he time of or prz�r to an�nspect�on specifying reasanable cause for�he inspec��o�.. Candemnation, The proceeds of ar�y aWard�r claim far damag�s, d�rec�nr consequential, in c�nnectian wi�h any cand�mna��an or other�al�ing af any par��f�he Property, or for conveyance in�ieu af condemna�i�n, are hereby assigned and shal�be paid�a Lender. ��a �he event flf a �ota� �aking of�he Prop�rty, the proceeds shal� be app�zed ta the sums secwred by�his Security �ns�rument, tivhether ar na� �hen due, wi�h any excess paid t� Borrower. In �he eve�t af a partza� �aki.ng nf�he Property in v�rhich�he fair market value of the Praper�y�mmed�ately b�fore the �ak�ng �s equaZ to flr grea�er�han the amount af the surns secured by �his Security Ins�ru.men�immedia�ely before �he �aking, u.�Iess Borr�wer and Lender o�herTi�ise agree in wr��ing,�he sums secured by�his Security Ins�rument s�iall be reduced by the amaunt�f the proceeds mul�iplied by�he folla,wing frac�ion: �a�the�n�al amaun�of�he sums secured immedia�ely before the ta�ng, divzded by �b} �he fair marke�va�ue of the Prapezfiy�mmedza�e�y befare �he �akir�g, Ar�y balance sha�1 be pa�d �a Borrower. In �he even� af a par��a� �akkng af the Proper�y in whzch �he fair mar�et value af�he Proper�y immedia�ely before �he �aking is �ess tha�x the amou�x� af�he sums secured immediate�y bef�re �he �aking, unless Borrav�rer a�d Lender��herw�s� agre� in wri�ing or unless Applicab�e Law other�rise prav�des, the praceeds sha�� be applzed�o�he sums secured�y�h�s 5ecur�ty�ns�rument whether or no��he sums are�he�.due. If�he Proper�y zs abandoned by Barro,wer, or�f, a�er natice b�Lender�o Barra�wer�hat the condemnar offers to xnak�an aWard or settle a claim for dam.ages, Bflrrotiver fa�ls�a respand to Lender wi�hin�he minimum number of days estab�xshed by App�icab��Lau�after�he date�he notice is gxv�n,Lender is au�hor�zed to col�ec�and app�y�he pr�ceeds, at i�s np�zon, ezth�r �o res�oration �r repa�r of the Prvperty or ta �he sums secured by this Securi�y �ns�rumen�,v�rhether or not th�n due. Unless Lerider and Borr�w�r atherw�se agree zn writ�ng, any app��ca�zon of proceeds t�princzpa� sha��no�extend or pos�pQne�he due date of�he paymerits due under tihe��n�rac��r change�he amount af such payments. Borrovtrer Nat Released; Forbearanee By Lender Not a Waiver. Ex�ension of �he time for paymen� ar modifica�ion af amor�i�ation of the sums secured by this 5ecur�ty �nst�u.men� gran��d by Le�.der tv Borrower or any success�r �n interes� �f BorroWer sha�1 n�� operate �a release �he lza�zl��y of �he orig�nal Barrower ar B�rravver's success�rs in�nterest. Le�.der shall no�be requ�red to camm�nce proceedings against any successvr in interest Qr refuse to extend t�me f�r paymen�or a�herwise m�dify am�rtization of�he sums�ecured by this SeGurxty �ns�rument by reas�n of any demand made by �he orxgina� Borrovver or Bflrr�wer's successors in �nterest. Any farbearance by Lender in exerczszng any right ar rem�dy sha11 not be a waiver of or pre��ude �he exercise of any r�gh��r remedy. Successnrs and Assign� Bound; Joint and Se�eral Liab��xt�; Accomrnodat�an Signers. The covenan�s and agreements of this Secur�ty�nstrurnent sha��bind and benef��he successors and assigns af Lender and Borrnwer, sub�ect ta the pr��isio�s of sectian tzr�ed Transfer of �he Property ar a BenQf�c�a� Interest in Borro�wer. Borrower's covenants and agreemen�s sha�1 be j air��and s�veral. Any persan who co-szgns�his Security�ns�rument bu� has no personal Iiabi��ty under �he �antrac� �"Acc�mm�da�ion Szgner"}: (a} is ca--signing this S�curi�y Znstrumen� on�y to mortgage, gran� and canvey �ha� Accommoda�ion Signer`s interes� zn the Pr��rty u�ader �he terms �f the Secur�ty Instrume�xt; �b} is n�t personally abliga�ed �o pay the sums secured by thz� Securi�y Instrument; and �c} agrees that Lender and any other B�rrower may agree�a ex�end,modify, farbear or m.ake any accomm�da��ans wi�h r�gard ta�he terms of this Securtt�Instrument or�he �on�ra�t vtr��hau�tha�Accommodatiar� S�gner's consen�. I.loan �harges. �f t�ie Ioa�. secured by fhis Secur�ty �ns�rumen� is sub�ec� �o a la�v vvh�ch se�,s maxzmum �aan c�.arges, and�ha�Iaw is f na��y in��rpre�ed sa tha��he �nteres�nr o�her I�an charges callec�ed or to be co1le��ed in connec�ian vvith the �oan exc�ed the permi��ed limits, �hen: �a� any su�h loan charg� sha�� e reduced by the am�unt necessary to reduce the charge to the permitt�d l�mits and �b} any sums alr�ady callected from Borrov�rer vvh�ch exceeded pernni�.ted limi�s wi�� be refunded �o Borrower. Lender rnay choose �o make �h�s refund by reducir�g �he pr�ncipal aured under the Con�rac� or by xnakz�g a d�rec�paymen�to Borr�w�r. �f a refu.n.d reduces pr�nc�pa�,�he reduc�ion wz�1 be�reated as a part�al prepayme��under the�on�ract. Nnt��es. Any no��ce tfl Borravver prav�ded far �n this Secur�ty Ins�rumen� shal� be given by de�ivering zt or b� rnailing�t�by firs�class mai�un�ess Appl�cab�e Lav�requir�s use of another methfld. The notice shal�be direc�ed�o the Property Address or any a�her address Borro�wer deszgna�es by notice t� Lexzder. Barr�wer agrees �o prov�de Lender w��h Borrawer's most current ma��ing address, as �t may change from�i.me-�o-t�me. Any notkce�� Lend�r sha��be given by frst class mail�o Lender's addr�ss stated herein or any other address Lend�r des�gna�es by natice ta Barz ov�rer.Any na��ce prav�ded for zn this �ecurzty�ns�rumen�sha��be deemed ta have been given t� B�rro�ver ar Lender�when given as prav�ded in thts paragraph. Ga�ern�ng Law; S�verabi��.ty.This Security Instrumen�sha��be governed by federal Iavv ar�d the�a�vs of�he s�a.te of Nebraska. �n �he eve�.��ha� a�a.y pra�iszor� or c�ause vf thxs S ecur�ty �ns�rumen� or the �ontract canflicts wi�h App��able Lavv, such cflnflic� shal� no� aff�c� ather prov�sia�xs of�his Security�nstrumen�or�h� Con�rac�which can be gzven effec�vvi�hout the conflxc�ing prav�s��n. T��his end�he provis�ons of�his Secur�ty Ins�rumen�and�he �an�ract are declared�o be severable. Borrovver's�opy.B�rr�vt�er sha�l be gxver�one capy of this 5ecur��y Ins�rument. Q 2044-2�15 Compliance Systems,Ir��.SC54-aDSA-2fl l 5.11.3.1�98 Consumer R�ai Estate-Sec�r�ty Ir�strument DL2035 Page 3�f 5 www.�ompliancesystems.com