201608353 - Laserfiche WebLink

Browse

2� 1 ��8353 xn�erest from �he da�e of d�sbursemen� a� the same rate assessed on advances under �he �ontract and sha�I be payabXe,w��h znteres�,upon not�ce fram Lender ta Borrower requesting paymen�. In�pec�ion. L�nder or its agent may ma�e reasanab�e en�r�es upon and inspec�ions of the Praper�y. Lender shall give B�rrou�er notice a�the t�me of or pr�or�ti an�nspection specifying reasanab�e cause for the�nspectiQn. �ondemna�ion.The proceeds of any award or claim for damages, d�rec�or consequen��a�,�n connec��on with any condemna��n or other�akzn� af any par�of�he Proper�y, ar far con�eyance in Iieu of c�ndemnation, are hereby ass�gned and sha11 be paid to Lender. �n the even� of a td�a� �aking of the Proper�y, the proceeds shall be applied t� the sums se�ured by �h�s Secur�ty Instrument, �whether or no� then due, vv�th any excess pa�d to Borrawer. In the event of a partial �aking �f�he Praper�ty in which the fair marl�e�value of�he Proper�y�mmedza�ely befare the taking is equal �� or greater than �he amount of�he sums s�cured by �his Security �ns�rument xmmed�a��ly before �he ta�ing, un�ess Barro�ver and Lender o�he�-v�ise agree�n writing, �he sums secured by th�s Security Instrument shall b�reduced by the amoun��f the proceeds mul��pl�ed by the follow�ng fraction: �a} �he ta�a�amoun�of the sums secured�mmedxa�e�y before�he �aking, d�vzd�d by �b} the fair marke� �alue �f the Prflper�y xmm�d�ate�y before the taking. Any ba�ance shall be paid �o Borr�wer. �n �he event af a par��al �a�Cing of the Property in �vhich �he fair market value of�he Proper�y �mmedia�ely befc�re the takin� xs �ess �han the amaunt af the sums secured immedia�e�y befare �he tak�ng, un��ss Borr��er and Lender�therwzse agree in�vri�ing or un�ess Applicab�e Law o�herw�se provides, the proceeds shal� be applied�o�he sums secured by�his Securz�y Znstrumen�whether or not the sums are then due. If the Property�s abandoned by BorrauTer, ar if, af�er no��ce by Lender to Borrower that the condemnor�ffers �o make an avvard or se�t�e a claim far damages,B�rrovver fails�o resp�nd t�Lender within the min�mum number of days es�ablished by Applicab�e Lavv af�er the da�e the notice�s g�ven,Lender�s authorized�n collec�and apply the pr�ceeds, a� ��s ap�ion, either to restora�ion ar repair of the Proper�y ar to �he sums secure� by �h�s Security Zns�rument,vvhe�her�r no�then due. Unless Lender and Borrower o�he�-�v�se agree in vvriting, any app��ca��on�f proceeds �o principal sha��not extend ar pastpone�he due da�e of the payment�due under�he�ontract or change�he amaunt of such payments. Borrower �a� Released; Forbearance �3y Lender Not a �ai�er. Extenszon af �he time for paymen� or mod�f�ca��on of amor�z�a�ion of the sums secured by �his Security �ns�rument granted by Lender to Borr�wer or any successor in in�erest of Borrovver sha�� not operate to re��ase the liabi�i�y �f �he orxg�na� B�rrflwer or B�rrovver's successors in interes�. Lender shall nat�e requxred to cammence proGeed�ngs against any successor zn in��res�ar refuse��extend t�me for payment or o�herwise mfldify amor��zation of the sums secured b��his Security Ins�rument by reason af any demand made by �he ar�g�nal Borro�er or Borrower's successors in xnteres�. Any forbearance �y Lender in exerc�sing any r�gh�ar remedy sha�� no�be a vvaiver flf or preclude the exercise of any right ar remedy. Successars and ASs�gns Bound; Jvin� and Severa� L�abil��y; Accommoda�ion Signers. The covenants and agreemen�s of th�s Se�urity Instrumen� shail bind and�enefi�the successors and assigns of Lender and Barrou�er, subject to the pravisions of section titled Transfer uf the Praperty or a �enef�c�al Interest �n B�rrower, Borrov�er's covenan�s and agreemen�s shall be�oint and several. Any person Wh�co-signs th�s Security Instrumen� bu� has no persona� liabili�y under �he Contrac� ("Accommodat�on Signer"}: �a} xs co--signing �his Secur��y Ins�rument on�y �o mortgage, grant and con�ey tha� Acc�rnmodat�on S�gner's in�erest in the Proper�y under �he terms �f the Secur�� Instrument; �b} is na� personally flbligated to pay �he sums secured by �hxs Secur�ty Instrumen�; and �c} agrees that Lender and any other B�rr�wer may agree to extend, madify, farbear or make any ac�omm�dati�ns w��h regard t� the�erms of�h�s Security Ins�rument or the Contract�vithout�ha�A�cammodation S�gner's cansent. �La�n �harges, If the �oan secured by this Secur��y �ns�rument �s subj ect �o a law v�hich sets ma��mum loan charges, and that �aw is fina��y interpre�ed sa �hat the in�erest or o�her Inan charges cal�ect�d ar��e co��ec�ed in connection w��h the lflan exceed �he permi��ed lim��s, then: �a} any �u�h Ioan charge shall b� reduced by �he amoun�necessary to reduce �he charge to the permit�ed�zmits and �b} any sums already c�ilec�ed from Borrower which excee�ed permitted 1�m��s w�11 be refunded to Borrower. Lender may cho�se to make th�s refund by reducing the pr�n�ipai flwed under the Contract or by making a direct payment to B�rravver. �f a refund reduces princ�pa�,the reduct�an wi�l be�reated as a pax��a�prepayment under�h�Contract. No��es. Any notzce ta Barrower pravided for in thzs Security �nstrument sha�� b� gi�en by de�ivering �� r by mailing i�by frst class mail unless Applicable Law requires use�f another me�hod. The no�ice sha�1 be d�rec�ed to �he Proper�y Address �r any other address Borrower deszgna�es by no��ce ta Lender. �3�rrower agrees to pro�ide Lender u�i�h Barro�ver's mast curren� mailing address, as �t may change fram time-t�-time. Any no�i�e to Lender shal�be given by f rst class ma�1 to L�nder's address stated h�re�n or any o�her address Lender deszgna�es by notzce t�Borrow�r. An�no��c�provided far in�his Security�nstrument sha��be deemed�fl have been given�o Borrower ar Lender when g�ven as provided in�his paragraph. �overning I�aw; Severability.Th�s Secur�ty�n��rument sha��be gov�rned by federal�aw and�he laws of the sta.te of Nebraska. �n the even� that any provision �r clause of�hzs Secur�ty �nstrumen� or the �antract can�.�c�s �vith Applicable Law, such confl�ct shall not affect other pr�visions �f�his Securi�y�nstrumen� or the Con�ract vvh�ch can be given effec�without the confl�ct�ng provisian. To th�s end�he provisions of�his Secur�ty Instrum�n�and the Con�ract are declared�o be severabie. I3orrower's�opy.B�rro�ver sha11 be g�ven ane copy of�his Security�ns�rument. C{'r?QQ�}-?015 Complianc�Systc.'�ns,In�.f�l8A-l A33-?0 l�.12.3.1.l l�7 Consumc:r R�al Estate-Security Instrument UL?Q3G �a�e 3 of 3 www.�nitipliancesyste�ns.�am