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200909447
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12/1/2009 3:30:55 PM
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12/1/2009 3:30:54 PM
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DEEDS
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200909447
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~ou~o9447 <br />dismissed with a ruling that, in Lender's judgment, precludt;s forfeiture of the Property or other material <br />impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds aP <br />any award ar claim far damages that are attributable to the impairment of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be <br />applied in the order provided for in Section 2. <br />1.2. Borrower Not Released; .Forbearance sy Lender Not a Waiver. Extension of the tune for <br />payment ar modification of atmortiration of the sutras secured by Chis Security Instrument: granted by Lender <br />to Borrower or any Successor in Interest of Harrower shall not operate to release the liability of Borrower <br />or any Successors in Interest of Borrower. Lender shall not be rexluired to commence proceedings against <br />any Successor in Interest of Harrower or to refuse to extend time for payment or otherwise tmadify <br />atnortiration of the sums secured by this Security Instrument by reason of any demand made by the original <br />Torrower or any Successors in Interest of Borrower. Any f'orbeitrance by Lender in exercising any right ar <br />remedy including, without limitation, Lender's acceptatce of paytmcnts from third persons, entities or <br />Successors in Interest of Horrvwer or itt aimounts less than the amount then due, shall not be a waiver of or <br />preclude the exercise of any right or .remedy. <br />13. Joint and Several I~iabillty; Co-signers; Successors and Assigns Bound. Borrower covenants <br />and agrees that Horrower's obligations attd liability shall be joint and several. However, any Borrower who <br />co-signs this Security Instrument but does not ex<xute the Nate (a "co-signer"): (a) is co-signing this <br />Security Instrument only to mortgage, grant and Canvey the co-signer's interest .in the Property under the <br />terms of this Security htstruinent; (b) is not personally obligated to pay the sutras secttrecf by this Security <br />Instrument; and (c) agrees that Lender and airy other .Ba.rrower can agree to extend, modify, forbear or <br />make any accommodations with regard to the terms of this Security Instrument or the Note without the <br />co-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Harrower who assumes <br />Borrower's obligations under this Security Instrument in writing, and is approved by .Lender, shall obtain <br />all of Harrower's rights and benefits under this Security Instrument. Harrower shall not be released Pram <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants anti agreements of this Security Instrument shall bind (except as provided in. <br />Section 20) and benefit the successors and assigns of Leader. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, far the purpose of protcxcing Lender's interest in the Property and rights under this <br />Security Instrument, including, but not l.iinited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Horrower shall not be construed as a prohibitiat on the charging of such fee. Lender may not charge <br />fees [hat are expressly prohibited by this Security Instruument o.r by .Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and ghat law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then: (a) any such loan charge; shall be reduced by the amount ncx:essary to reduce the <br />charge to the pcrtnitted limit; and (b) any sums already collexted from Borrower which exceeded permitted <br />limits will. be refunded to Harrower. Lender may choose to make: this refund by reducing the principal <br />owed wader the Note ar by making a direct payit-ient to Borrower. If a refund reduces principal, the <br />reduction will be treated as a partial prepayment without any prepayment charge (whether or oat a <br />prepayment charge is provided for under the Note)..Harrower's acceptance of any such refund made by <br />direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out <br />of such overcharge. <br />15. Natives. All natives given by Harrower or Lender in connc~tion with this Security Instrument <br />must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to <br />have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers <br />unless Applicable .Law expressly requires otherwise. The notice address shall be the Property Address <br />unless .Borrowerr has designated a substitute notice address by notice to Lender..Horrower shall promptly <br />notify Lcnde.r of Borrower's change of address. If Lender specifies a procedure for reporting .Borrower's <br />change of address, then Borrower shall only report a change of adclress through that specified procedure. <br />88pp7452p0 880p7452pp <br />NEBRASKA -Single Family -Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT WITH <br />-6A1NE) tosioi Page 10 of 15 mniais: ~ Form 3028 1/01 <br />
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