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201007822
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Last modified
10/22/2010 3:52:30 PM
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10/22/2010 3:52:29 PM
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DEEDS
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201007822
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�oioo7s�ti <br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be <br />dismissed with a ruling that, in Lender's jud�ment, precludes forfeiture pf 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 damagea that are attributable to the impairment of Lender' s interest in the Property <br />are hereby assigned and shall be paid ta Lender. <br />All Miscellaneaus 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. Sorrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment ar rnodi�cation of amortization of the sums secured by this Security Instrument granted by Lender <br />to Borrower or any Successor in Interest of Barrower shall not operate to release the liability of Borrower <br />or any Successors in Interest of Borrower. Lender shall npt be required to commence proceedings against <br />any Successor in Interest of Borrower or ta refuse to extend time for payment or otherwise modify <br />amprtization of the sums secured by this Security Instrument by reason of any demand made by tha original <br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, without liznitation, 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, shall not be a waiver of or <br />preclude the ex�rcise of any right or remedy. <br />l3. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants <br />and agrees that Borrower's abligations and liability shall be jaint and several. However, any Borrower who <br />cn-signs this Security lnstrument but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Sacurity Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the <br />terms of this 5ecurity Instrurnent; (b) is nat personally obligated to 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 />malce any accomrz�odations with regard to the terrns af this Security lnstrument or the Note withour the <br />co-signer' s consent. <br />Subject to the provisions of Section 18, any 5uccessor in Interest af Borrower who assumes <br />Borrower' s obligations under this Security Instrument in writing, and i5 approved by Lender, shal] obtain <br />all of Borrower' s rights and banefits under this Security Instrument. Borrower shall not be released from <br />Sorrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection vvith <br />Borrower' s default, far the purpose of protecting Lender' s interest in the Froperty and rights under this <br />Security Instrurnent, including, but not limited to, attorneys' fees, property izaspection and valuation fees. <br />In regard to any other fees, the absence of express autharity in this Security Instruxnent to charge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is �'inally intezpreted so <br />that the interest or other 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 amount necessary to reduce the <br />charge to the permitted limit; and (b) any sums already collected from Borrawer which exceeded permitted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Nate 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 Nate). Borrower' s acceptance of any such refund made by <br />direct payment to Barrpwer will constitute a waiver of azxy right of action Borrower might have arising aut <br />of such overcharge. <br />1S. Notices. All nntices given by Sorrower or Lender in connection with this Security Instrument <br />must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to <br />have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other rneans. Notice to any one Borrower shall constitute notice to all Borrowers <br />unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly <br />notify Lender of Sorrower' s change of address. If Lender specifies a procedure for reporting Borrower' s <br />change of address, then Borrower shall only report a change of address through that sp�cified procedure. <br />230944 <br />NEBRASKA - Single Family - Fannie Mael�reddie Mac UNIFORM INSTRUMEN7 <br />�-6(NE) �oei i> Paqe io or �5 Initials: � Fprm 302$ 1101 <br />m <br />
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