200909601 - Laserfiche WebLink

Browse

2oosossoi acceleration has occtu~ed, reinstate as provided in Section 19, by causing the aclinn or proceeding to be dismissed with a mxling that, in Lender's judgment, precluclcs forfeiture oi'thc Property ox other material impairment of Lender's interest in the Property ox rights antler this Sectu-ity Instr-trment. The proceeds of any award or claim far damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to ru5torafinn or repair of the Property shall he applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lcrxlcr Nnt a Waiver. lxlczzsion of the time for payment ox modification of amortization of the sttuxs secured 17y this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower ox any Successors in Interest of Borrower. Lender shall not be required to conuncnce proceedings against any Successor in h7terest of Borrower or to refYtse to uxfend lime for payment or otherwise modify amortization of the stuns secured by this Sectuity lnstnunenf by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any furhearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments front third persons, entities ox Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right ox remedy. 13. Joint and Several Liability; Co-signers; Snccc~:scrrs and Assigna i3owtrl. Borrower covenants and agrees that Borrower's obligations anal liability shall, he joint and tieveral. Ilowcver, any Borrower who co-signs #his Sectu-ity Instnunent but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instniment only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Sectu-ity Instrtunent; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to exlenci, modify, forbear or make any accommodations with regard to the terms of this Security Inshlnncnt or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor itt interest of Borrower who assumes Borrower's obligations tinder this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Secuuity Instnizncnt- Borrower shall not be released from Borrower's obligations and liability under this Sectu7ty Lnslrumenl unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lenclcr. 14. Loan Charges. Lender may charge Borrower I'c~•ti fnr services perforitzcd in connection with Borrower's default, for the purpose of protecting Lender', interest in the Properly arxi rights under this Security Instnunent, including, brit not limited to, attorneys' fees, property inspect io:n and valuation fees. In regard to any other fees, the absence of express authority in. this Security lntitrunienf to charge a specihc fee to Borrower shall not be construed as a prohibition on the charging oP such Ccc- Lender znay not charge fees that are expressly prohibited by this Security Instrrunerzl or by Applicable Law. If the Loan is subject to a law which sets maximtun lours charges, and lira( law is finally interpreted so that the interest or other loan charges collected or to ,be collected in cnrtncction with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce rho charge to the permitted limit; and (b) any stuns already col lecled leont Borrower which exceeded permitted lixtaits will be refunded to Borrower. Lendex may choose (o make this refund by reducing the principal owed under the Note or by making a direct payment fo Borrower- If a relirnd rcciuces principal, the reduction will be treated as a partial prepayment wiihocrf any l7rcpayntent ch~.rrgc (whether ox not a prepayment chaxge is provided for tinder the Note), Bor•nnvc,r's acceptance nl' any such refiuad made by direct payment to Borrower will constitute a waiver of any riltht of czclion Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lenclcr in connection. wi(h this Sectu-ity h7stnztnent must be in writirtg_ Any notice to Borrower in connection wish this Security Instrument shall he deemed to have been given to Boxrower when mailed by first class mail or when actually clclivcred to Borrower's notice address if sent by other means. Notice to any one iiorrowcr shall con.stihitc notice to all Borrowers unless Applicable Law expressly requires otherwise. `The notice ucldress shall be, the Property Address tu>less Borrower has designated a substitute notice adds-esr: by notice to Lcndcr_ Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifics a procedure fir reporting Borrower's change of address, then Borrower shall only report a change of address through. shat specified proceduue. NEBRASKA- Single Family -Fannie Mae/Freddie Mac UNIFORM (s~ISTRUMFP!"t fy~- .~(N{rl tos~tl Page 10 of 16 ~nitfals~~~ Form 3028 1/01