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<br />www.con1plil:lnccsystems.com <br />800,968-8522. Fox 616-956-1868 <br /> <br />11age40f7 <br /> <br />02004-2007 Copyrigh' CompliDllco Sy>lcm', Illc. D81A-51U2 - 2008.02.266 <br />Con.5umer Real Estole - Securily Instrument DL2DJ6 <br /> <br />interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to <br />extend time for payment or otherwise modify amortization of thc sums secured by this Security Instrument by <br />reason of any demand made by the original Borrower or Borrowcr's successors in interest. Any forbearance by <br />Lender in exercising any right or remedy shall not be a waiver of or prcclude the exercise of any right or remedy. <br /> <br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The covenants and <br />agrecments of this Security Instrumcnt shall bind and benefit the successors and assigns of Lender and Borrower, <br />subject to thc provisions of section titled Transfer of the Property or a Beneficial Interest in Borrower. <br />Borrower's covenants and agreements shall be joint and sevcral. Any person who co-signs this Security Instrument <br />but has no personal liability under the Contract ("Accommodation Signer"): (a) is co-signing this Security <br />Instrument only to mortgage, grant and convey that Accommodation Signer's interest in the Property under the <br />terms of the Security Instrument; (b) is not personally obligated to pay the sums sccured by this Security <br />Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any <br />accommodations with regard to the terms of this Security Instrument or the Contract without that Accommodation <br />Signer's consent. <br /> <br />Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maxinium loan <br />charges, and that law is finally interpreted so that the interest or other loan chargcs collected or to be collected in <br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the <br />amount necessary to reduce the charge to the permitted limits and (b) any sums already collected trom Borrower <br />which exceeded permitted limits will be refunded to Borrower, Lender may choose to make this refund by <br />reducing the principal owed under the Contract or by making a direct payment to Borrower. If a refund reduces <br />principal, the reduction will be treated as a partial prepayment under the Contract. <br /> <br />Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by <br />mailing it by first class mail unless Applicable Law requires use of another method. The notice shall be directed to <br />the Property Address or any other address Borrower designates by notice to Lendcr. Any notice to Lender shall be <br />given by first class mail to Lender's address stated herein or any other address Lcnder designates by notice to <br />Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or <br />Lender when given as provided in this paragraph. <br /> <br />Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws ofthe state <br />of Nebraska. In the event that any provision or clause of this Security Instrument or the Contract conflicts with <br />Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Contract which <br />can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the <br />Contract are declared to be severable, <br /> <br />Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument. <br /> <br />Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest <br />in it is sold or transferrcd (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a <br />natural person) without Lender's prior written consent, Lender may, at its option, rcquire immediate payment in <br />full of all sums secured by this Security Instrument, However, this option shall not be exercised by Lender if <br />exercise is prohibited by federal law as ofthe date of this Security Instrument. <br /> <br />If Lender exercises this option, Lender shalI give Borrower notice of acceleration. The notice shall provide a <br />period of not less than the minimum number of days established by Applicable Law from the ,date the notice is <br />delivcred or mailed within which Borrower must pay all sUlns securcd by this Security Instrument. If Borrower <br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br /> <br />BOfl'ower's Right to Reinstate. If Borrower meets ccrtain conditions, Borrower shall have the right to have <br />enforcement of this Security Instrument discontinucd at any time prior to the carlier of: (a) 5 days (or such other <br />period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale <br />contained in this Security Instrument; or (b) entry of a judgment entorcing this Security Instrument. Those <br /> <br />200809045 <br />