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200901825
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Last modified
3/13/2009 2:43:42 PM
Creation date
3/13/2009 2:43:41 PM
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DEEDS
Inst Number
200901825
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<br />200901825 <br /> <br />Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original Borrowcr or Borrower's successors in <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 the sums secured by this Security Instrument by <br />reason of any demand madc by the original Borrower or Borrower's successors in interest. Any forbearance by <br />Lendcr in exercising any right or remedy shall not be a waiver of or precludc the exercise of any right or remedy. <br /> <br />Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The covenants and <br />agreements of this Sccurity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, <br />subjcct to the provisions of section titled Transfer of the Property or a Beneficial Interest in Borrower. <br />Borrower's covenants and agreements shall be joint and several. 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 secured by this Security <br />Instrument; and (c) agrees that Lcnder and any other Borrower may agree to extend, modify, forbear or make any <br />accommodations with regard to the terms of this Sccurity Instrument or the Contract without that Accommodation <br />Signer's conscnt. <br /> <br />Loan Charges. If the loan sccured by this Security Instrumcnt is subject to a law which scts maximum loan <br />chargcs, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in <br />connel:tion 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 from Borrower <br />which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by <br />rcducing the principal owed under the Contract or by making a direct payment to Borrower, If a refund reduces <br />principal, thc reduction will bc trcated as a partial prepaymcnt 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 Lender, Any notice to Lender shall be <br />given by first class mail to Lender's address stated herein or any other address Lender 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 Bl'neficiallnterest in Borrower. If all or any part of the Property or any intcrcst <br />in it is sold or transferred (or if a beneficial intercst in Borrower is sold or transferred and Borrower is not a <br />natlmt! person) without Lendcr's prior written consent, Lender may, at its option, require immediate paymcnt in <br />filII of all sums secured by this Security Instrument, However, this option shall not be exercised by Lender if <br />cxercise is prohibited by federall,lw as of the date of this Security Instrument. <br /> <br />If Lender exercises this option, Lender shall 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 />delivercd or mailed within which Borrower must pay all sums secured 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 />i", 2004-200x Copyright Cn1Hpliil1ll.:C SYS1L'I11.'. IlK 74t::D.4596 200K.IO.J.iN <br />C'l.lrlsllllll'r l<l'lll J-:...lflH' SI,.'l:w'ily IllslrUlllcnt J)I.~(}:\() <br /> <br />Pilgc4of7 <br /> <br />WWW.COillpliilnt.;(.:...y~tcrn.....com <br />SOO-%X-NSV Fa.\. 616-95t-IX6H <br />
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