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201008330
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Last modified
11/8/2010 4:14:49 PM
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11/8/2010 4:14:48 PM
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DEEDS
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201008330
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zoioos33o <br />acceleration has pccurred, r�'rnstate as provided in Section 15►, by causing the action or proceeding to be <br />dismiss�d with a ruling that, in T.ender's judgment, precludes forfeitur� of ths Prap�rty or oth�r material <br />impairment af I.ender's interest in the Property or rights under this Security Instrument. The prac��ds of <br />any award or claim for damages that are attributable to the impairznenl of Lender's interest in the T'roperty <br />arc h�reby assigned and shall be paid to T.ender. <br />All Miscellaneous Proceeds that are not applied to restoration ar repair af tk�� Frc�perty shall be <br />appli�d in ihe order provided for in Section 2. <br />12. Barrower NUt Rel�ased; Forbearance By Lender Not a Waiver. Extensian af lhe time for <br />payment or modification of amortization af the sums secured by this Security Tnstrument granted by L,ender <br />to Borrower or any Successor in Interest af Barraw�r shall not operate to release the liability of Borrawer <br />or any Successors m Interest of Borrower. I.end�r shall not be required to commence proceedings against <br />any Successor in Int�res� of Barrawer ar to refuse to extend time for payment or otherwise madify <br />amortization of the sums secured by this SeGUrity Instrument by reason of any demand made by the original <br />Borrower or any Successors in lnterest of Borrower. Any farbearance by Lender in exercising any right or <br />remedy including, without limitatipn, Lf;nder's acceptance of payments from third persons, entities or <br />Successors in Interest of Borrower or in amaunts 1�ss lhan the amount then due, shall not be a waiver c�f or <br />preclude the 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 b� j�int and several. However, any Borrower whp <br />co-signs this Security Instrument but does not execut� thc Note (a "co-signer'"): (a) is co-signing this <br />Security Instrum�nt anly ta mUrtgage, grant and convey the co-signer's int�r�st in the Praperty under the <br />terms of this S�curity Inskrument; (b) is not 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, rnodify, farbcar or <br />make any accommodations with regard to the ternus af this Security Tnstrument or the Note withaut thc <br />aa-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrawer who assumes <br />Borrower's obligatians und�r this Security Tnstrument in writing, and is approved by T.ender, shall obtain <br />all of Borrower's rights and ben�fits under this Security Instrument. Barrow�r shall not be released from <br />Borrowcr's obligations and liability under this Security Instrument unless Lender agrees to such rel�ase in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as pravid�d in <br />Section 2q) and ben�fit the suc;c�ssors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrawer Fees for services performed in connectian with <br />Barrower's default, for the purpose of protecting I..�nder's interest in the Property and rights und�r this <br />Security Tnstrument, including, but nat limited to, attomeys' fees, property inspectian and valuation fees. <br />Tn regard to any other fees, the absence of cxpress authority in this Security Instnxment tp charge a specific <br />fee to $orrower shall not k►� construed as a prohibition on the charging of such fec. Lender may not charge <br />fees that are expressly prohibited by this Security rnstrument or by Applicable Law. <br />If the T.oan is subject to a law which sets maximum loan charges, and that law is finally interpreted so <br />ttxat the inl�rest or other loan charges collected or to be t;pll�c:ted in connection with the Loan exce�d lhc: <br />perrnitt�;d limits, then: (a) any such loan charge shall be r�duced by the amount necessary ta rsduc� the <br />charge tc� lhe permitted limit; and (b) any sums already cUllected from �3orrower which exceeded p�rmitted <br />limits will be refunded to Barrower. Lender may choose to make this rcfund by reducing the principal <br />owed under the Nate or by making a direct payment to Borrow�r. If a refund reduces principal, th� <br />reduction will be treated as a partial prepayrnent without any prepayment charge (wh�ther or not a <br />pr�paym4nt charge is provided for under the Not�). Sorrower's acceptance of any such r�fund made by <br />direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out <br />afsnch overcharge. <br />15. Notices. All notices given by Barrower or Lender in connectian with this Security Instrument <br />must be in writing. Any notice to Borrow�r in cannection with this Security Instrumcnt shall be deemed to <br />have been given to Borrower when mailed l�y first class mail or when actually delivered to Borrower's <br />notic� addr�ss if sent by other means. Notice ta any one Borrower shall constitute notice to all Borrowers <br />unless Applicable Law expr�ssly requires otherwise. The notice address shall be ths Property Address <br />unless Borrower has designatcd a substitute notice addr�ss by notice to L,ender. Borrower shall promptly <br />notify Lcnder of Borrower's change of address. If Lender specifies a procedure for reporting Bartower's <br />change pf address, then Borrower shall only rep�rt a change of address I.hrUUgh that specified procedurc. <br />NEBRASKA - Singls Family -�annie Mae/Freddie Mac UNIFpRM INS7RUMENT <br />�-6(NE) �oa��� Pege lpof 15 i��c�ais: Form $028 1/01 <br />� <br />
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