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202402772
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Last modified
6/20/2024 4:13:20 PM
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6/20/2024 4:13:17 PM
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202402772
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202.402772 <br />after the date Lender notifies Borrower that the Opposing Party (as defined in the next sentence) offers to <br />settle a claim for damages. "Opposing Party" means the third party that owes Borrower the Miscellaneous <br />Proceeds or the party against whom Borrower has a right of action in regard to the Miscellaneous <br />Proceeds. <br />(e) Proceeding Affecting Lender's Interest in the Property. Borrower will be in Default if <br />any action or proceeding begins, whether civil or criminal, that, in Lender's judgment, could result in <br />forfeiture of the Properly or other material impairment of Lender's interest in the Property or rights under <br />this Security Instrument. Borrower can cure such a Default and, if acceleration has occurred, reinstate as <br />provided in Section 20, by causing the action or proceeding to be dismissed with a ruling that, in Lender's <br />judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the <br />Property or rights under this Security Instrument. Borrower is unconditionally assigning to Lender the <br />proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in <br />the Property, which proceeds will be paid to Lender. All Miscellaneous Proceeds that are not applied to <br />restoration or repair of the Property will be applied in the order that Partial Payments are applied in <br />Section 2(b). <br />13. Borrower Not Released; Forbearance by Lender Not a Waiver. Borrower or any <br />Successor in Interest of Borrower will not be released from liability under this Security Instrument if <br />Lender extends the time for payment or modifies the amortization of the sums secured by this Security <br />Instrument. Lender will not be required to commence proceedings against any Successor in Interest of <br />Borrower, or to refuse to extend time for payment or otherwise modify amortization of the sums secured <br />by this Security Instrument, by reason of any demand made by the original Borrower or any Successors in <br />Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without <br />limitation, Lender's acceptance of payments from third persons, entities, or Successors in Interest of <br />Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise of, <br />any right or remedy by Lender. <br />14. Joint and Several Liability; Signatories; Successors and Assigns Bound. Borrower's <br />obligations and liability under this Security Instrument will be joint and several. However, any Borrower <br />who signs this Security Instrument but does not sign the Note: (a) signs this Security Instrument to <br />mortgage, grant, and convey such Borrower's interest in the Property under the terms of this Security <br />Instrument; (b) signs this Security Instrument to waive any applicable inchoate rights such as dower and <br />curtesy and any available homestead exemptions; (c) signs this Security Instrument to assign any <br />Miscellaneous Proceeds, Rents, or other earnings from the Property to Lender; (d) is not personally <br />obligated to pay the sums due under the Note or this Security Instrument; and (e) agrees that Lender and <br />any other Borrower can agree to extend, modify, forbear, or make any accommodations with regard to the <br />terms of the Note or this Security Instrument without such Borrower's consent and without affecting such <br />Borrower's obligations under this Security Instrument. <br />Subject to the provisions of Section 19, any Successor in Interest of Borrower who assumes <br />Borrower's obligations under this Security Instrument in writing, and is approved by Lender, will obtain <br />all of Borrower's rights, obligations, and benefits under this Security Instrument. Borrower will not be <br />released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to <br />such release in writing. <br />1555500275 <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS Form 3028 07/2021 <br />FAIRWAY INDEPENDENT MORTGAGE CORPORATION - NMLS 2289 Page 14 of 22 <br />11 <br />11 <br />11 <br />11 <br />111 <br />11 <br />11 <br />11 <br />11 <br />11 <br />11 <br />11 <br />11 <br />
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