201007876 - Laserfiche WebLink

Browse

�o�uo�s�s acceleration has occurred, reinstate as provided in Section 19, by causing the actipn or proceeding to be dismissed with a ruling that, in Lender' s judgment, precludes forfeiture of the Property or other material impairnaent of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim fpr damages that are attributable ta the impairment of Lender' s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proce�ds that are not applied to restoration or repair of the Property sk�all be applied in the order provided far in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extensian of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrawer or any Successora in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payrnent or otherwise modify arxaortization of the sums secured by this 5ecurity Instrument by reason of any dexnand made by the original Borrower or any Successors in Interest of $orrawer. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in arnounts 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 shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrurnent; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree ta extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer' s consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's oblagations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower' s rights and benefits under this Security Instrument. Borrower sha11 not be released from Borrawer's obligations and liability under this Security Instrurttent unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument sha11 bind (except as provided in Section 20) and benefit the successors and assrgns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connectipn 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, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charga a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lende�r may nat charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan char�es, 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 char�;e sha11 be reduced by the amount necessary ta reduce the charge to the permitted lirzxit; and (b) any sums already collected from Borrower which exceeded permitted liznits will be refunded to Sorrower. Lender may choose to make this refund by reducin� the principal owed under the Note or by making a direct payrnent to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayrn�nt charge is provided for under the Note). Borrower' s acceptance of any such refund made by dicect payment to Borrower will constitute a waiver of any right of action Borrower might have arising put of such overcharge. 15. Notices. A11 notices given by Borrower or Lender in connection with this Security instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower' s notice address if sent by other means. Notice ta any one Borrower shall constitute notice to a11 Barrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Sorrawer sha11 promptly notify Lender o£ 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 thraugh that specified procedure. 230937 NEeRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUME �-B�NE) (0811) Page 1D of 15 � � Form 3028 �� �