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201007625
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Last modified
10/15/2010 4:23:31 PM
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10/15/2010 4:23:30 PM
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DEEDS
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201007625
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2o1oo�E2� <br />dismissed with a ruling that, in Lender's judgment, precludes farfeiture of the Property or other material <br />impairment of Lender' s interest in the Properry or rights under this Security Instrument. The proceeds of <br />any award or claim fvr damages that are attributable to the impairm�nt of Lender's interest in the Properiy <br />are hereby assigned and slaall be paid to I,ender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property sha11 be <br />applied in the order prov�ided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. �xtension of tha time for <br />paynnent or modi�cation of amortization of the sums secured by tlais Security Instrument granted by Lender <br />to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of �orrawer <br />or any Successors in Interest of Borrower. Lender sha11 nat be xequired to commence proceedings against <br />any Successar in Interest of Borrower or to refuse to extend time for pay�nent ar otherwise xnodify <br />amortizution of the sums secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest af Barrower, Any forbearance by Lender in exercising any right or <br />rernedy including, without limitation, Lender' s acceptance of payments from third persons, entities or <br />Successors in Interest of Borrower or in amounts less than the amount then due, sha11 not be a waiver of or <br />preclude fhe exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrawer covenants <br />and agrees that Borrower's obligations and liability shall be joint and severaL However, any $orrower who <br />co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrurr►ezxt only to mortgage, grant and convey the ca-signer's interest in the Property under the <br />terms of this Secwity Instrument; (b) is not personally obligated ta pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or <br />make any accoanunoda#ians with regazd to the terms of this Security Instrument or Che Note without the <br />co-signer's consent. <br />Subject to the provisinns of Section 18, any Successor in Interest of Borrower who assumes <br />Borrower's obligations under tlus Security Instrument ian writing, and is approved by Lender, shall obtain <br />all of Borrower' s ri�hts and benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless T.ender agrees to such release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as prnvided in <br />Section 20) and benefit the successoxs and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrowex fees for services perfarmed in connectian with <br />Horrower's default, For the purpose of protecting Y,ender's interest in the Praperty and rights u,nder this <br />Security Instrurnent, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Secuxity Instrument to charge a specific <br />fee to Borrowec shall not be construed as a prohibition on the chax�iang of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Jnstrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is �nally interpreted so <br />that the interest vr othcr loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then: (a) any such loan charge shall be reduced by the arnount necessary to reduce the <br />charge to the permitted limit; and (b) any sums already collected frorn Borrower which exceeded pernnitted <br />limits will be refunded to I3orrower. Lender may choase to rnake 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 charge (whether or not a <br />prepayment charge is provided for under the Note). Borrower' s acceptance of any such refund made by <br />direct payment to Borrower will constitute a waiver of any right af action Borrower might have arising out <br />of such overcharge. <br />15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument <br />must be in writing. Any notice to Borrower in connection with this Security Instrurnent shall be deerned to <br />have been given to Borrower when znailed by tirst class mail or when actually delivered to Borrower's <br />notice address if sent by other �neans. Notice to any one Borrowcr shall constitute notice to all Borrowers <br />unless Applicable Law expressly requir�s othcrwise. The notice acidress shall be the Property Addxess <br />unless Borrowcr has designated a substitute notice address by notice to Lender. Borrower skaall promptly <br />notify Lender of Borrower's chang� of address. If Lender specifies a procednre for reporting Borrower's <br />change of address, then �orcower shall only report a change af address through that specified procedure. <br />8800885775 SB00885775 <br />NEBRA5KA - Singla Family - Fannie MaelFreddie Mac UNIFORM INS7RUMEN7 W17H ME� <br />�-6A�NE) (OS1a) Psqe �o of 15 m�tiais: Form 3D2$ 1101 <br />m <br />�� <br />
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