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201007152
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201007152
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Last modified
9/30/2010 3:08:43 PM
Creation date
9/30/2010 3:08:42 PM
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DEEDS
Inst Number
201007152
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201007152 <br />12. Borrower Nat ReleASed; Forbearance By Lender Not a Waiver. Bxter~ion of the time far payment or rrmdification of <br />amortization of the sntns secured by this Security Instrurneatt grarmed by Lender to Borrower or any Successor in Interest of <br />Harmwcr shalt not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall rat be <br />required to commence proceedings against any Sucr~essor irx Interest of Borrower or to refuse to extend time for payment or <br />otherwise modify aanortixaGon of the sums secured by this Security lnstnnnerrt by reason of any demand made by the original <br />Borrower or any Successors in Interest of Honower. Any forbearattce by Lender in exercising any right ar remedy inxluding, <br />wtithout limitation, Lender's acceptance of payments from third persons, entities ar Successors in Interest of Horrower ar irr <br />amounts less than the annawrt then due, shall not be a waiver of oz preclude the excise of any right ar rerttedy. <br />l3. Joint and Several Lialtitity; Co-signers; Suceessors and Assigns Bound. Borrower covenants and agrees that <br />Borrower's obligadonc and liability shall be joint and sevearal. However. any Borrower who co-signs this Security Instrument <br />but does not execute the Note (a "ca~sigtter"): (a) is co-signing this Security lnstruar-eart only to mortgage, grant and convey <br />the co~igrrex's interest in the Property under the tenors of this Security hrstrummr, (b) is not personally obligated to pay the <br />sums sectaed by tints Security lnstrurnent; and (c) agrees that Lender and any other Harrower can agree to extend, modify, <br />forbear or malts arty accommodations with regard to the terms of this Security Imtttunert or the Note without the co-signer's <br />consort. <br />Subject to the provisions of Section l8, any Successor in Interest of Harrower who assumes Harmwer's ~ligations under <br />this Security htstrrunart in writing, and is approved by Lender, shall obtain all of Hoianwe>?s rights and benefits udder this <br />Security Instrument. Borrower shall not be released from Boxrowea°s obligations and liability under this Security Instrwrnent <br />unless Lender agrees to such release in writing. The cvvenartts and agreements of this Security lnsh~unrent shall bind (except <br />as provided in Section 2l)) and benefit the successors and assigns of Leander. <br />ld. Loan Charges. Lender may charge Horrvwcr fees for services performed in connection with ]3oIIOwe>r's default, for the <br />purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, <br />attorneys' fete, property inspection and vahration fees. 1n regard to any other fees, the absence of express aufharity in this <br />Security Instrument to charge a specific fee to Borrower shall not be coretrued as a prohibition on the charging of such fee. <br />Lender may not charge fees that are expressly ~ohibited by this Security htstntment or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that lawis finally interpreted sa that the interest or <br />other loan charges collected or to be collected in connection with the T aan exceed the petrnittcd limits, than: (a) any such loan <br />charge shall be redaced try the amount necessary to reduce the charge to the permitted limit; and (b) any sums alraady <br />collected from Borrower which exceed permitted limits will be refunded tv Borrower, Lender ruay choose to make this refund <br />by reducing 1lx principal owed un~r the Note or by making a drrect payment to Borrower. If a refirnd reduces principal, ttre <br />redaction will be treated as a partial prepayment without arty prepayment charge (whether or not a prepayrtrent charge is <br />provided for under the Nate). Borrower's aceepmncā¢.e of arty such refund made by direct payment tv Borrower will constitute a <br />waiver of any tight of action Harrower might have arising out of such overcharge. <br />l5. Notices. All notices given by Borrower or Lextder in connection wiUt this Security Ltsh umerrt must be in writing. Any <br />notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Harrower vrtren mailed <br />by loner class mail or when actually delivered to Harrowers notice address if seat try other means. Notice to arty one Borrower <br />shall constitute notice to all Borrower's unless Applicable Law expressly requires otherwise. The notice address shall be the <br />Property Address unless Harrower has designated a substitute notice address by notice to Lender. Horrovver shall promptly <br />notify Lerner of Borrower's change of address. If Lender specifies a procedut~e for reporting Boxrowe~s change of address, <br />then Harrower shall only report a change of address through that specified procedure. There may be arty one designated <br />notice address under this Security Insbtunerit at any one time. Atry notice to Lender shall be given by delivering it or by <br />mailing if by first class mail to Lender's address stated herein unless Lender has designatrd another address by notice to <br />Borer. Arty notice in connxtion with this Security lzrstxamerrt shall rrot be deemed iv have beers given to I.exrder until <br />actualty r9eceived by Lender. If any notice required by this Security Insttuutent is also required under Applicable Law, the <br />Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. <br />N~RASKA - Slagle FamAy - Rannia lNaalFrmdttie 1Ase tNeNQORM INS1'RUp14EF1T <br />~"~ I~in w~ s~rr ~~~ Farm 3428 1M1 <br />DllS-NB9 <br />~mmm~ <br />
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