201008335 - Laserfiche WebLink

Browse

20�008335 acceleration has occurred, reinstate as provid�d 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 Property or rights under this Security Instrument. The praceeds of any award or claim for darnages that are attributable to the impairment of Lender's interest in th� Property are hereby assigned and shall be paid to Lender, All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Sectian 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by I.,ender to Borrower ar any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors m Interest of Borrower. Lender shall not be required to commence proceedxngs against any Successor in Interest of Borrawer or to refuse to extend time far 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, without lirnitation, Lender's acceptance of payments from third persons, entities or 5uccessors in Interest of Borrower or in amounts less than the arnount then due, shall not be a waiver of or preClnde the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrawer'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 Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lcnder and any ather Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terims af this Security Instrument ar the Note without the co-signer's consent. Subject co the provisions of Section 18, any Successar in Interest of Borrower who assumes Borrower's obligations under this Security Instnunent in wricing, and is approved by L.ender, shall obtain all af Borrower's rights and benefits under this Security Instrurnent. Borrower sha11 nat be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in SecCion 20) and benefit the successors and assigns of I.ender. 14. Loan Charges. L,ender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting L,Qnder's interest in the Prvperty and rights under this Security Instrwnent, including, but nat 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 charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. I.ender may not charge fees that are expressly prohibited by this Secu�ity 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 connectian with the Loan exceed the permitted lirnits, then: (a) any such loan charge shall be reduced by the amaunt necessary ta reduce the charge to the perznitt�d limit; and (b) any sums already collected from Borrower which exceeded perznitted limics will be refuuded to Borrowcr. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borcower. If a refund reduces principal, the reduction W�rr �e 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 acCion Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or L,Qnder in connection witta this Security Instrument must be in writing. Any notice to Borrower in cannectinn 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 to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be tha Property Address uanless Borrower has designated a substitute natice address by notice to L,Qnder. Borrower shall promptly notify Lender of Borrower's change of address. If I.ender specifies a procedure for reporting Borrower's change af address, then Borrower shall only report a change of address through that specified procedure. NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INS7RUMENT �-B�NE► �oa�� Page 10 of 15 initiais: Form 3028 1/01 � i i� � �.� �.1 �', �' :; :� �� � �