201602244 - Laserfiche WebLink

Browse

2� 1 ��2244 Inspecnan. Lender or ��s agent may make reasanable entrzes up�n and �nspec�i�ns �f�he Proper�y. Lender shall give Borrow�r no�ice a�the time�f�r�rior to an znspec�ion spe�ifying reasonable�ause far the inspe�tian. Condemnat�on. Th�pr�ceeds of any avvard or c�azm far damages, dzrec�or c�nsequ�n�za�, xn connec�zon.v��th any condemna�ion ar other taking of any par��f�he Praperty, ar for conveyance �n ��eu of c�ndem�at�on, are hereby asszgned and s�a�x be pa�d�o Lender. �n�he e�en��f a t��al �aking af�he Praperty, the proceeds shall be app��ed �o the sums secured by �hi� Security �ns�rumen�, whether or na� �hen �.u�, vcri�h a�.y excess paid �a B�rrower. In �he even� of a par�ial �akzng of�he Property in vcrhzch the fair rnarke�value af the Praper�y immedia�ely before the taking is equal to or greater than the amaunt �f�he sums secured by�his Securi� Instrument immedzate�y before �he �aking, un�ess Borrawer and Lender�therwise agree in writ�ng,the sums secured by this Security Ins�rument shall be reduced by�he amaun�af �he praceeds mu�tip��ed by�he fal�awing fractior�: �a��he to�al amoun�of�h.e sums secured�mmedia�ely befare the taking, divided by �b} �he fa�r market value af�he Proper�y immedia�.e�y before the �ak�ng. An�balance sha11 be pa�d ta Borr�urer. �n the event of a par��a� �ak�ng Qf the Property in�which �he fair m.arket va�ue of�he Proper�y immedia�el�r befare �he �ak�ng zs I�ss than �he amaunt af�he sums secured imrnedia�e�y before �h� taking,`unless Borr�Wer and Lender o�herwzse agree in wri�ing or unless App��cab�e Law vtherwise provides, the prace�ds sha�I be applied t�the sums se�ured by�h�s S�Gur�ty��strumen�whether or not the sums are�hen due. If�he Proper�y is aba�doned by Barravver, ar if, after na�ice by Lender�o Borrawer th.at�he condemnar affers�a ma1�e an award vr sett�e a claim for damages, Borr�v�rer fai�s�o respond�a Lender w��h�n�he mznimum nurnber of days es�ab�ished by App�icable Law af�er�he date the natice zs g�ver�,Lender is au�hor�zed��o�1ec�and app�y the proceeds, at �t5 �pti4n, ei�her ta res�ora�ion ar repa�r nf�he Proper�y or �o the sums secured by thxs Securi�y �ns�rumen�,u�he�her or not then due. Unless Lender and B�rrawer o�herwise agree in wr��ir�g, any applzca��on of praceeds�o pr�ncipal shall r�o�e�tend or postpone the due date�f�he paymen�s due under the�oza�ract or change the amount of such paymen�s. Borr�wer Not Re�eased; Forbearance By Lender Nat a Waiver. E��ens�or� af the �ime f�r payment ar modificat�on of arnnrtiza�zon of the sums secured by�his �ecur�ty �nstrumen� gran��d by Lender�o B orrawer or any successar in interest of Eorr�wer �hall na� opera�e to release �he Iiab�l�ty �f the arig�r�a1 Borrovver or Bo�-ravver's successars in�n�erest. Le�der shall not be required�o commence proceed�ngs agains�any success�r in interes�or refuse to extend tim�for paym�r�t or atherwise modify amor�izat�o�.of�he su.ms secured by this Security �ns�rumen� by reason of any demand made by �he ar�g�nal �3orrower or B�rrower's successors in in�erest. An� forbearance by Lender in exercising any right ar remedy sha1l �aat be a waiver of or preclude the exercise of any righ�or remedy. Successors and Ass�gns Bound; Jo�nt and Se�eral L�abi�it�; Accommadat�on S�gners. The covenan�s and agreements �f this Secur��y Ins�r�ment sha��bind and benef��he su�cessors and ass�gns af Lender and Barrower, subj ect ta fi.he pravzs��ns of sectzon ti�led Transfer of the Pr�perty or a Ben�f ci�I Intere5� in Borrower. Borrovver's covenants and agreemen�s sha11 be j v�nt and several. Any person who co-signs�hi� Security Instrurxzent but has no personal 1iab��ty under �he �ontrac� �"Accommada�i�n 5�g�.er"}: �a� zs ca-signing �.his Securzt�y �ns�rument anl� to mor�gage, gran� and convey tha� Accommodation Signer's in�erest in �he Praper�y under the �erms of �he Security �ns�rument; (b} is nat personall� abliga�ed to pay �he sums secured by this Security �nstrumen�; and�c} agrees tha�Len.der and any�ther Barrower may agree�a extend, mod�fy, forbear or rnal�e any accammoda�ions vvz�h regard�a�he terms of thi.s Secur��r�nstrument or the Con�rac�u�ithout�ha�Accammo�latian S�gner's co�.sent. Loan Charges. �f th� loan secured by �his Securit� In�trum�r�� is su�aj ect �a a Iavt� wh�ch s��s max�mum �aan charges, and that Iavv is f nally xn�erpreted so tha��he interes�or oth�r Ioan charges callec�ed or�.a be co�lec��d�n connec��an Wi�h the loan exceed the permi��ed �imits, then: �a} any such loan charge shall be reduced by �he am�unt necessary�o reduce�he charge to the permitted �imits and �b} any sums a�ready co��ec#.ed fr�m B�rrower Wh�ch exceeded permit�e� l�mits wil� be refunded ta Borrawer. Lender may cho�se �a make this refund by reducing �he prizac�pa� owed under the Cflntract or by mal�ing a direc�payment�� Borrflwer. �f a refu�.d reduces pr�nc�pal,�he reduction w�ll be�r�ated as a partial prepayment under�he��ntract. No�i�es. Any no��ce �Q Borr�vver provided for �n this 5ecurity �ns�rumen� shal� be given by deliveri.n.g i� or by mailing��by fzrs�class ma�l un�ess Applicab�e Lau�r�quires use of anather method. The not�ce shall b�direc�ed to �he Proper�y Address or any other address Borrflvver designates by notice to Lender. Borrawer agrees t� pravide Lender with Borrower's mos� current mailing address, as x�may change frflm�ime--�o-�ime. Any notic� ta Lender shall be g�ven by first class mail to L�nder's address stat�d here�n or any other addr��s Lender designates by�o�ice �a Barrower. A�y nfltice pr��ided for in�h�s Secur�ty�nstr�ment shal�be deerned ta have been given t� Borrovaer or Lender When given as provided�n�his paragraph. . Govern�ng Law; Severa��l�ty.Th�s Securi�y Instrument sha�l be gaverned by federal Iaw and the�av�s Qf�he sta.te of Nebraska. �n the event that any pro�ision or clause �f�his S ecurity �nstrum�n� or the Con�ract �onflicts wi�h App��cable Law, such conflict shall no� affect n�her provisions of this Security Instrumen� ar the �ontract which can be given effect vvi�hout�he conflic�ing pravision. To�hzs end�he praviszons of this Securi�y�nstz-wment and th� Ganf�rac�are declared�a be sev�rable. B�rroYver's Copy.Borravtrer sha��be given one copy of�his Secuarity�ns�rument. Transfer of the Property or a Beneficia�Interest�n Borr�wer.�f all ar any par�of�he Proper�y or any�n��rest �n x� is s��d or �ransf�rred �or if a benefic�a� interest �n Barrower �s sald or transferred a�.d �arr�wer is r�at a natural person� Wzth�u� Lender's prxor writ�en �onsen�, Lender may, at its op�ion, require �mmedza�e payment in C�2004-2Q�5 CvmpSiance Systems,Ir�c.8C54-d947-2015.11.3.1d�8 Cvnsezmer Reai Estate-Security InstnEment DL2D36 Page 3 af 5 www.campiiar�cesystems.com