201007601 - Laserfiche WebLink

Browse

� ° ��'� � �' 201007601 Borrower and Lender otherwise agree in writing or unless Applicable Law otherwise provides, the proceeds shall be applied to the surns secured by this 5ecurity Instrument whether ar not the sums are then due. If the Praperiy is abandoned by Borrower, or if, after notice by Lender to Barrower that the condemnar offers to maks an award or settle a clai�xz 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, Lender is authorized to collect and apply th� praceeds, at its option, either to restaration or repair of the Property or to the sums secured by this Security Instrumant, whether or not then due. Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall nat extend or postpone the due date of the payments due under the Contract or change the amount of such payments. Borrawer Not Released; Forbearance By Lender Not a Walver. Extension of the time for payment or modification af arnortization of the sums secured by this Security Instrument granted by Lender ta any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. �.ender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrawer 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 af any right or remedy. Successors and Assigns Boand; Joint and Several Liability; Accom�tnodation Signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of �eader �and �orrower, subject to the provisions of section titled Transfer of the Property or a Bene�cial Interest in Borrower. Borrower's covenants and agreements shall be joint and several. Any person who co-signs this Security Instrument but has no personal liability under the Contract ("Accommodation Signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey that Accommodation 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 Tnstrument; and (c) agrees that Lender and any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Contract without that Accammodation Signer's consent. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum 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 limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limits and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may chaose to make this refund by reducing the principal owed under the Contract or by making a direct payxnent to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Contract. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless Applicable Law requires use of another method. The natice shall be directed to the Property Address or any other address Borrower designates by notic� to Lender. Any notice to Lender shall be given by first class mail to Lender's addrass stated herein ar any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state of Nebraska. In the event that any provi.sion or clause of tYus Security Instn►ment or the Contract conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrurnent or the Contract which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Contract are declared to be severable. Sarrower's Copy. Borrower shall be given one conformed copy of this Security Instrument. Transfer af the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a bsneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all surns secured by this 5ecurity Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date af tlus Security Instiument. I£ Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than the minimum number pf days established by Applicable Law from the date the notice is delivered or znailed within which Borrower must pay all sums secured by this Security Instrurnent. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies pernutted by this Security Instrument without further notice or demand on Borrower. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to hava enforcement of this Security Instrument discontinued at any tima prior to the earlier of: (a) 5 days (or such other periad as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Securiry Instrument; or (b) entry of a judgment enforcing this Security Instrument. Thpse conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security Insh and the Contract as if no acceleration had accurred; (b) cures any default of any other covenants or agreernents; (c) pays all expenses incurred in enfarcing this Security Instrurnent, 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 Instrument, Lender's rights in the Property and Barrower's obligation to pay the sums secured ¢� 2D04-2009 Compliance Systems, Inc. 002D-$A76 - 2009.12368 Consumer Aesl Eatate - Security Instrumert UL2036 Pagc 3 af 5 www.campliancesystems.com