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200909726
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Last modified
12/11/2009 2:29:59 PM
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12/11/2009 2:29:58 PM
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DEEDS
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200909726
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200909726 <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />impairment of Lender's interest in the Property or rights under this Security Lrslrument The proceeds of <br />arry award or claim for damages that are attributable io the impairment of Lender's interest in the Property <br />are here assnggned and shall be paid to Lender. <br />All~scellaneons Proceeds that are not applied m restoration or repair of We Property shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Security histrument granted by Lender <br />to Borrower or any Successor in Lrterest of Borrower shall not operate to release the liability of Borrower <br />or arty Successors in Interest of Borrower. Lender shall not be required to commence proceedings against <br />any Successor in Lflerast of Bortnwer or M refuse to extend time for payment or otirerwise modify <br />amortization of the sums s<wured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in IrHerest of Borrower. Any Pori7earance by Lender in exercising any right or <br />remedy including, without limitation, Lender's acceptance of payments from third persons, entities or <br />Successors in Inrterest of Borrower or in amounts less than dre amount then due, shall not be a waiver of or <br />preclude the exercise of arly right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assi~rs Bound. Borrower covenants <br />and agrees that Borrower's obligations and liability shall be ,joint and several. However, any Borrower who <br />co-signs this Security Instnrment but does not execute the Note (a "co-signer"): (a) is co-signing tuts <br />Security Instrmrent only to nnortgage, grant and convey the co-signer's interest in the Property urrler the <br />terns of Wis Security Imlrvmeni; (b) is not personally obligated to pay the surr>s secured by this Security <br />Irrstrumeni; and (c) agrees lhat Lender and any other Borrower can agree to extend, modify, forbear or <br />make any accommodations with regard to the tenors of this Security Inslrrmrent or the Note without the <br />co-signer's consent <br />Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes <br />Borrower's obligations under this Security Ir~trument in writing, and is approved by Leader, shall obtain <br />all of Borrower's rights aril benefits under this Security Instrument Borrower shall not be released from <br />Borvwer's obligations and liability rurder this Security hlstnurrent unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security IrrStrument shall bind (except as provided in <br />Section 20) and benePrt the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's hrterest in the Property and rights under this <br />Security Lzstrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Inshument to clurrge a specific <br />fee to Borrower shall not be cortstrved as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Lrstrument or by Applicable I,aw. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so <br />that tire interest or other loan charges collected or io be collected in connection wiW We Loan exceed the <br />permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce tire <br />charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Note or by malting a direct payment to Borrower. If a refrmd reduces principal, the <br />reduction will be heated as a partial prepayment without any prepayment charge (whether or not a <br />prepayment charge is provided for under tire Note). Borrower's accephurce of arty such refund made by <br />direct paymerrt tv Borrower will constitute a waiver of arty right of action Borrower might have arising out <br />of such overcharge. <br />15. Notices. All notices given by Borrower or Lender in connection with this Security Irrslrument <br />rmrst be in writing. Any notice to Borrower in corurection witir this Secuurty Instrument shall be deemed to <br />have been given to Borvwer when mailed by fwrst class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to arty ours Borrower shall constitute notice to all Borrowers <br />unless Applicable Law expressly requires otherwise. The notice address shall be due Property Address <br />unless Borrower has designated a substitute notice address by notice tc- Lender. Borrower shall pmmpfly <br />notify Lender 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 address through that specif ed procedure. <br />001120991870 CitiMortgage 3.2.27.13 V5 <br />NEBRASKA -Single Family -Fannie MaelFreddle Mac UNIFORM INSTRUMENT 14~ <br />-6A(Nq {aaioi Pegs io m is ir:g.i:: Form 3D28 1101 <br />
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