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201000521
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1/25/2010 4:03:37 PM
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1/25/2010 4:03:36 PM
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DEEDS
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201000521
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~o~ooo~zi <br />dismissed with a rtrlirrg that, in I~errder's judgment, precludes forfeiture of the Property or other material <br />impairnrent of Lender's interest in the Property or rights antler this Security hlstrtirment. The proceeds of <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Property <br />are herebyy assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied t4 restoration or repair of the 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 Born-wer or any Successor in Ir~kerest of Borrower shall not operate to release the liability of Borrower <br />or any Successors in Irrterest of Borrower. Lender shall not be required tp commence proceedings against <br />any Successor in Inderest of Borrower or to refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Security Instxument by reason of amy demand made by the original <br />Borrower or any Suu:essors in Lrterest of Borrower. Any for~eararrce by Lender in exercising any right or <br />remedy including, without limitation, Lender's acceptance of payments from tirir~d persons, entities or <br />Successors in Irrterest of Borrower or in amounts less than the amount then due, shall not be a waiver of or <br />preclude the exercise of arty right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants <br />and frees that Borrower's obligations and liability shall be joint and several. However, any Borrower who <br />co-signs this Security histrvment but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Irtstnunent only W mortgage, grrrrt and convey the co-signer's interest in tine Property under the <br />team of this Security Instrument; (b) is not personally obligated to pay the surr~ secured by this Security <br />h~trument; and (c) agrees that Lender aril any other Borrower can agree to extend, rnotlify, forbear or <br />make any accommodations with regard to tine terms of this Security h7strument or the Note without the <br />co-signer's consent. <br />Subject to the provisions of Section 18, arty Successor in Interest of BorrDwer who assumes <br />Borrower's obligations order this Security bnslrirlment in writing, and is approved by Lender, shall obtain <br />all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security hlstrument shall bind (except as provided in <br />Section 20) and benefit the suct:~sor~ anti assigns of Leader. <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 interest in the Property and rights under this <br />Security Irstnrurent, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />in regard b any other fees, the absence of express authority in this Security Ir~stnrment to charge a specific <br />fee io Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Ir~pvment or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so <br />that the interest or other loan charges collected or t4 be collected in connection with the Loan exceed the <br />permitted limits, Wen: (a) any such loan charge shall be reduced by the amount necessary to reduce the <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 W make this refund by reducing We principal <br />owed under We Note or by nralsing a direct payment to Borrower. If a refund reduces principal, We <br />reduction will be treated as a partial prepayment without any prepayment charge (whether or not a <br />prepayment charge i<S pmvided for order We Note). Borrower's acceptance of any such refund made by <br />direct payment to 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 Bornower or Leader in connection wiW this Security Instrument <br />must be in writing. Any notice to Borrower in connection wiW 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 />udess Applicable Law expressly requires otherwise. The notice address shall be the Property Address <br />unless Borrower has desi~rated a substigrte notice address by notice t4 Lender. Borrower shall promptly <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 specified procedure. <br />001121095467 itiMortg e~~29.66 V3 <br />NEBRASKA -Single Famlty -Fannie Mae/Freddie Mac UNIFORM INSTRtJMt]Nt WIT ~~f/ <br />-BA(NE~ loeioi PMge 10 of 15 inn~ia: ~ Form 3D28 1/01 <br />
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