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201007141
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Last modified
9/30/2010 3:01:40 PM
Creation date
9/30/2010 3:01:39 PM
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DEEDS
Inst Number
201007141
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20100'141 <br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />ipapainmerrt of Lender's intet~st in the Property or rights under this Security Lrstnrment. The proceeds of <br />air award or claim far damages that are attributable to the impairnmeni 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 ar repair of the Property shall be <br />applied in the order provided for in Section 2. <br />1Z. Borrower Not Released; Forbearauee By Lender Not a Waiver. Er~tension of the time for <br />payment or modification of amortization of the sums secured by this Security Instrirmcnt granted by Lender <br />to Borrower or any Stirccessor in Interest of Borrower shall not operate to release the liability of Borrower <br />or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings agaiust <br />any Successor in Interest of Borrower or to refuse to extend time far payment or otherwise modify <br />amortization of the sums secured by this Security Instrument by reason of a~ demand made by the original <br />Borrower or air Successors in Interest of Borrower. Arty forbearance by Lender in exercising airy right or <br />remedy including, without limitation, Lender's acceptance of payments from third persons, entities or <br />Stirccessors in Interest of Borrower or in amounts 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 Liabilitq; Ca-signers; Successors and A~igns Boned. Borrower cavcnants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, air Borrower who <br />co~igrrs this Security Instrument but does not execute the Note (a "ca~signer"): (a) is co-signing this <br />Security Instrument only to meortgage, grant and convey the w-signer's interest in the Property under the <br />terms of this Security Instrument; (b) is eat personally obligated to pay the sums secured by this Security <br />Instnrment; a~ (c) agrca:s that Lender and any other Borrower can egret to extend, modify, forbear or <br />make arty acconnmodadans with regard to the terms of this Security Instrument ar the Note without the <br />co-srgne~'s censent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrgwer who assumes <br />Borrower's obligations under this Security Instrument in writing, and is approved by Lender. shall obtain <br />all of Borrower's rights and bents under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees m such release in <br />writing. The covenants and agtieemcnts of this Security Instrument shall bind (except as provided in <br />Section ZO) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lenckr may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Leader's interest in the Property and rights under this <br />Security Instrument. including, but not limited tn, attorneys' fees, property inspection and valuation fete. <br />In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Borrower shall trot lx construed as a prohibition on the charging of such fcc. Lender may not charge <br />fees that are expressly prohfbited by this Security Instrument or by Applicable Law. <br />if the Loan is subject w a law which acts maximum loan charges, and that law is finally interpreted so <br />that the interest or other loan charges collected or to be callceted in comyectian with the Loan exceed the <br />permitted limits, then: (a) a~+ such loan charge shall be reduced by the amount necessary fA reduce the <br />charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded penunnkted <br />limits will be rcfuaudod to Bnrrowcr. Lender may choose to make this refund by reducing the principal <br />owed under the Note or by making a direct payment to Borrower. if a refund reduces principal, the <br />reduction will be treated as a partial prepayment without air prepayment charge {whether or tint a <br />prepayment charge is provid~l for under the 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. Naticrs. All notices given by Borrower or Lender in cam~ctiion with this Security Instrument <br />must be in writing. Any notice to Borrower in connection with this Security lnstnrmcnt shall be deeaaned to <br />have been given W Borrower whe>x mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to a~+ 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 Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly <br />notify Lender of Borrower's change of address. If Lender specifies a procedure far reporting Borrower's <br />change of address, then Borrower shall only report a change of address through that specified procedure. <br />NEBRASKA - Slnple Family -Fanny MaelFroddi• Mee UNIFORM INSTRUMENT <br />-S(NEI I0a71) P.Qe 10 w 16 try: Por1n 3428 1/01 <br />
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