201007397 - Laserfiche WebLink

Browse

:,,� �OlOU'739'7 _ � � ��,{ � �ti Sorrower and Lender otherwise agree in writing or unless Applicable Law otherwise provides, the proceeds shall be applied to the sums secured by this Security Tnstnunent whether or not the sums are then due. IF the Property is abandoned by Barrower, or if, after notics by Lender to Borrower that the condemnor offers to make an award or settle a claim for damages, Borrower fails to respond to Lender within the minimum number of days established by Applicable Law after the date the notice is given, I.,ender is authorized to collect and apply the proceeds, at xts option, either to restoration or repair of the Property ar to the sums secured by tlus Security Instrument, whethcr or not lhen due. Unless I.ender and Borrowei otherwise agree in writing, any application' of proceeds to principal shall not extend or postpone the due date of the payments due und�r the Contract or change the amount of such payments. Barrower Not Released; k'orbearance By Lender Not a Waivcr. , Extensiori of the time for payrnent or modification of amortizafion of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liabiliry of the original Borroviier or Borrower's successors in interest. Lender shall not be required to cammence proceedings against any successar in interest or refuse to extend time for payrnent or otherwise modify amortization o:F the sums secured by this Security Instrument by reason af any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver oF or preclude the exercise of any r.ight or xemedy. Successors and Assigns Bound; doint and Several Y.iability; Accommodation Signers. The covenants and agreennents of this Security Instnunent shall bind and benefit Yhe successars aa-id assigns of Lender and Horrower, subject to the provisions of secdon titled Transfer of the Property or a Beneticlal Ltterest in Borrower. Borrower's covenants and agreements shall be joint and several. Any pe�rson who co-signs this Secuz�ity Instruznent but has no personal liability under th�e Contract ("Accomim�odation Sig�ner"): (a) is co-signing this Security Instrument only to mortgage, grant and convey that Accommodadon Signer's interest in the Property under the terms of the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that L.ender and any other Borrower may agree to extend, modify, forbear or make any accoznrnodations with regard to the terms of this Security Instiument or the Contract without that Accommodation Signer's consent. . Loan Charges. If the loan secured by this Security Inswnnent is subject to a law which sets naaxinzuna loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the loan exceed the permitted liznits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted lunits and (b) any sums already collected from Borrower which exceeded permitted limits will be refundad to Borrower, L,ender may choose to make this refund by reducing the principal owed under the Contract or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Contract. Notices. Any notice to Borrawer provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless Applicable Law requires u�e of another method. The notice shall be directed to the Property Address nr any other address Borrower designates by notice to Lender. .Any notice to Lender shall be given by fiz'st class mail to I.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Inswment shall be deemed to have been given to Borrower or Lender whean given as provided in this paragraph. Governing Law; Severabillty. This Secwrity Instrument shall be governed by federallaw and the laws of the state of Nebraska. In the event that any provision or clause of this Security Instrument or the Contract conflicts with Applicable Law, such conflict shall not af�ect other provisions of this Security Instrument or the Cantract which can be given efi�'ect without the conflicting provision. To this end the provisions of this Security Instrument and the Contract are declared to be severable. � Borrower's Copy. Borrawer shall be given one conformed capy of this Security Instiument. . �ransfer of the Property or a Bene�eial Interest in Borrower. Tf all or any part of the Property or any interest in it is sold or transferred (or if a bene�cial interest in Borirower is sold or transferred and Borrower is not a natural person) without I.ender's prior written consent, Lender may, at its option, require immediate payment in full of all surns secured by this Security InsUvmant. Hawever, this optian shall not be exercised by I.ender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this aption, Lender shall give Sorrower notice of acceleration. The notice shall provide a period of not less than the minimum number of days established by Applicable Law from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security In�strurnent. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Sect�;ity Instnunent without further notice or demand on Borrower. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instcvment discontinued at any time prior to the earlier of: (a) 5 days (or such other period as Applicable I.aw may specify for reinstatement) before sale af the Froperty pursuant to any power of sale contained in this Securiry Instnunent; or (b) entry of a judgment enfarcing this Security Instrument. Those canditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Cantract as if no acceleration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrusnent, including, but not limited to, reasonable attorneys' fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instnunent, Lender's rights in the Property and Borrower's obligation to pay the sums secured � 2004-2009 Campliauca Systema, loc. 002D-E9F8 - 2009.12.368 . Conaumer Real 8atate - Seeuriry Inanument DI.2036 Page 3 of5 www.comp�ipncesyatema.com