201007827 - Laserfiche WebLink

Browse

2oioo�s2� acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender' s judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Properiy or rights under this Security Instruznent. The proceeds of any award or claim for damages that are attributable to the nnpairment af Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are nat applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Barrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tirne for payment or zz�odification of amortization of the sums secured by this 5ecurity Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operat� to rclease the liability of Borrower or any Successvr5 in Interest of Borrower. Lender shall not be required to commence proceedings against any 5uccessor in Interest of Borrower or to 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 Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, withaut limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Sound. Borrower covenants and agrees that Borrower's obligations and liability shal] be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Nate (a "co-signer"): (a) is co-signing this 5ecurity Instrument only to xnortgags, grant and convey the co-signer's interest in the Property under the terms of this 5ecurity Instrument; (b} is not personally obligated to pay the sumn secured by this 5ecurity lnstrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signez s consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower whp assumes Sorrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of �orrawer's rights and benefits under this Security Instrument. Borrower shall not be released frorn Borrower's obligations and liability under this 5ecurity Instrument unless Lender agrees to such release in wriCing. The covenants and agreements af this 5ecuriCy Instrument shall bind (except as provided in Sectian 20) and bene�t the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, proparry inspection and valuation fees. ln regard to any other fees, the ahsence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be canstrued as a prohibition on the charging af such fee. Lender may not charge fees that are expressly prahibited by tliis Security Instrument or by Applicable Law. If the Loan 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 Laan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amounC necessary to reduce the charge to the permitted lixr�it; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Horrower. Zf a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether ar not a prepayment charge is provided for under the Note). Borrower' s acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. l5. Natices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrawer in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class rnail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Barrowers unless Applicable Law �xpressly requires otherwise. The notice address shall be the Property Address unless �orrower has designated a substitute notice address by notice to Lender. Sorrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. 23p942 NEBRASKA - Single Family - Fannie M aelFreddie M ac UNIFORM INSTRUM EN7 � -6(NE) (oe��) Page 10 of 15 iniciais: 7/,� Fprm 3028 1/01 � � - -f —�.,