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201007495
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10/13/2010 3:13:10 PM
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10/13/2010 3:13:08 PM
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DEEDS
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201007495
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2oioo�4s5 <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 Instrument. The proceeds of <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Property <br />aze hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Nat Released; Forbearance Sy Lender Not a Waiver. Extensian of the time for <br />payrnent or modification of amortization of the sums secured by this Security Instrument granted by I,ender <br />to Borrower ar any Successor 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 requirsd ta comrnence praceedings against <br />any Successor in Interest of Borrower or to refuse to extend time for payrnent or otherwise modify <br />amortization af the surns secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right ar <br />remedy including, without limitatian, Lender's acceptance af payments fram third persons, entities or <br />Successors in Interest of Borrower or in arnounts 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 Liability; Co-signers; Successors and A.ssigns Baund. Borrower cavenants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who <br />co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrument only to mortgage, grant and convey the co-signer's interest in the Froperty under the <br />terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that L.ender and any othsr Barrower can agree to extend, modify, forbear or <br />make any accommodations with regard to the terms of this Security Instrument ox the Note without the <br />co-signer's cansent. <br />Sub�ect to the provis'rons of Section 18, any Successor in Interest of Borrower who assumes <br />Borrower's obligations under this Security Instrument in writing, and is appraved by L.ender, shall obtain <br />all af Borrower's rights and benefits under this Security Instrument. Sorrower shall not be released fram <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The cavenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of I.ender. <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 Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />Tn regard to any other fees, the absence of express autharity in this Security Instrument to charge a specific <br />fee to Borrpwer shall not be canstrued as a prohibition on the charging of such fee. Lender may not charge <br />fees that are exprsssly prohibited by this Security Tnstrument or by Applicable Law. <br />If the L.aan is sub�ect to a law which sets maximurn loan charges, and that law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the L.oan exceed the <br />perxnitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to the permitted lirnit; and (b) any sums already collected from Borrower which exceeded permitted <br />limits will be refunded to Borrower. I,ender 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 any prepayment chaxge (whether or not a <br />prepayrnent charge is provided for under the Note). Borrower's acceptance of any such refund made by <br />direct payment ta Borrower will constitute a waiver of any right of action Borrower mighC have arising out <br />of such overcharge. <br />15. Notices. All notices given by Borrower ar Lender in connection with this Security Instrurnent <br />must be in writing. Any notice to Borrower in connectian with this Security Instrument shall be deemed to <br />have been given to Borrower when rnailed by first class rnail 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 />unless Applicable Law expressly requires otherwisa. The notice address shall be the Property Address <br />unless Borrower has designaCed a substitute notice address by notice to Lender. Barrower shall promptly <br />notify Lender of BarrAwer's change af address. If Lender specifies a procedure for reporting Borrower's <br />change of address, then Borrower shall anly report a change of address through that spscified procedure. <br />NEBRASKA - Single Family - Fennie Maa/Freddie Mac UNIFORM INS7RUMENT W <br />�-6AINE) �oa�oi Pege 10 of 15 �n�t�a�s: Form 302$ 9/01 <br />��� ����II��� �I��� ��������� �I���� � �� II� ����� ��� ��� �' <br />g0322S224911 0233 364 1015 <br />
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