200901633 - Laserfiche WebLink

Browse

200901633 interest of Borrower shall not operate to rclease the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refilse to extend time tor payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any dcmand made by the original 13orrower or I3orrower's sur.;r.;essors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of section titled Transfer of the Property or a Beneficial Interest in Borrower. Borrower's covenants and agreements shall be joint and several. Any person who co-signs this Security Instrument but has no personal liability under the Contract ("Accommodation Signer"): (a) is co-signing this Security Instrumcnt only to mortgage, grant and r.;onvey that Ar.;commodation Signer's interest in the Property under the terms of the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extcnd, modifY, forbear or make any ar.;r.;olllmodations with regard to the terms of this Security Instrument or the Contract without that Accommodation Signer's consent. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in conner.;tion with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount nccessary to reduce the charge to the permitted limits and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Contract or by making a direct payment to Borrower. Ifa refund reduces principal, the reduction will be treated as a partial prepayment under the Contract. Notices. Any noticc to Borrowcr provided for in this Sccurity Instrumcnt shall bc given by delivering it or by mailing it by tlrst class mail unless Applicable Law requircs use of another method. Thc notir.;e shall be directcd to the Property Address or any othcr address Borrower designates by notice to Lendcr. Any noticc to Lendcr shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to 13orrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state of Nebraska. In the event that any provision or clause of this Security Instrument or the Contract con Oicts with Applicable Law, such conflict shall not affect othcr provisions of this Security Instrument or the Contract which can be given effect without the conOicting provision. To this end the provisions of this Security Instrument and the Contract arc declared to be severable. Borrower's Copy. Borrower shall be given one confonned copy of this Security Instrument. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exerr.;ise is prohibited by federal law as of the date of this Security Instrument. If Lender exerr.;ises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than the minimum number of days established by Applicable Law from the date the notice is dclivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If 13orrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without thrther notice or demand on Borrower. Borrower's Right to Reinstate. If Borrowcr mcets certain conditions, Borrowcr shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlicr of: (a) 5 days (or such other period as Applicable Law may speeity for reinstatement) before sale of the Property pursuant to any power of sale :0 2004-200~ Copyri,ght COlllp]iU!KC Systems, Inc. 74ED-058D - 2008.]0.289 COl1sunlN R('i11 Estatl' - St'curily Instrument DL203(, Page 4 of7 www.comp]iallcesystems.com lHX)..%H-H522 - Fax 616-956-186~