Laserfiche WebLink
201804773 <br />Loan No.: 1425509609 <br />5. If all or any part of the Property or any interest in the Property is sold or transferred (or if <br />Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior <br />written consent, Lender may require immediate payment in full of all sums secured by the Security Instrument. <br />If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice <br />shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower <br />must pay all sums secured by the Security Instrument. If Borrower fails to pay these sums prior to the expiration of <br />this period, Lender may invoke any remedies permitted by the Security Instrument without further notice or demand <br />on Borrower. <br />6. Borrower also will comply with all other covenants, agreements, and requirements of the Security <br />Instrument, including without limitation, the Borrower's covenants and agreements to make all payments of taxes, <br />insurance premiums, assessments, escrow items, impounds, and all other payments that Borrower is obligated to <br />make under the Security Instrument; however, the following terms and provisions are forever canceled, null and <br />void, as of the specified date in paragraph No. 1 above: <br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing, <br />or relating to, any change or adjustment in the rate of interest payable under the Note, including, where applicable, <br />the Timely Payment Rewards rate reduction, as described in paragraph 1 of the Timely Payment Rewards <br />Addendum to Note and paragraph A.1. of the Timely Payment Rewards Rider. By executing this Agreement, <br />Borrower waives any Timely Payment Rewards rate reduction to which Borrower may have otherwise been entitled; <br />and <br />(b) all terms and provisions of any adjustable rate rider, or Timely Payment Rewards Rider, where <br />applicable, or other instrument or document that is affixed to, wholly or partially incorporated into, or is part of, the <br />Note or Security Instrument and that contains any such terms and provisions as those referred to in (a) above. <br />7. Borrower understands and agrees that: <br />(a) All the rights and remedies, stipulations, and conditions contained in the Security Instrument <br />relating to default in the making of payments under the Security Instrument shall also apply to default in the making <br />of the modified payments hereunder. <br />(b) All covenants, agreements, stipulations, and conditions in the Note and Security Instrument shall <br />be and remain in full force and effect, except as herein modified, and none of the Borrower's obligations or <br />liabilities under the Note and Security Instrument shall be diminished or released by any provisions hereof, nor shall <br />this Agreement in any way impair, diminish, or affect any of Lender's rights under or remedies on the Note and <br />Security Instrument, whether such rights or remedies arise thereunder or by operation of law. Also, all rights of <br />recourse to which Lender is presently entitled against any property or any other persons in any way obligated for, or <br />liable on, the Note and Security Instrument are expressly reserved by Lender. <br />(c) Nothing in this Agreement shall be understood or construed to be a satisfaction or release in whole <br />or in part of the Note and Security Instrument. <br />(d) All costs and expenses incurred by Lender in connection with this Agreement, including recording <br />fees, title examination, and attorney's fees, shall be paid by the Borrower and shall be secured by the Security <br />Instrument, unless stipulated otherwise by Lender. <br />NEBRASKA LOAN MODIFICATION AGREEMENT Page 3 of 5 <br />