201008374 - Laserfiche WebLink

Browse

, .;,:;;� 2oioos3�4� ,. -. Unless Lender and Borrowar other agrea in writing, any application of proceeds to principal sha11 not extend or postpone the due date of the payments Payment of Principal and Interest; Late Charges and Funds for Taxes and Insurance or change the amount of such payments. Borrower Not Released; Forbearance 13y Lender Not a Waiver. Extension of the tim� for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of �3orrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to comrnence proceedings against any successor in interest or refuse to extend time for payment or otherwise xnodify amortizatian of the sums secured by this Security Instrument by reason of any demand made by the original Borrower' or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The covenants and agreements of this Security Instrument sha11 bind and benefit the successors and assigns of Lender and Borrower, subject lo the provisions of section titled Transfer of the Prope►'ty or a Benefieial Interest in Borrower. Borrower's covenants and agreements shall be joint and several. Any person who co-signs this 5ecurity Instrument but does not execute the Nate ("Accommodation Signer"): (a) is co-signing this Security Instrument only ta mortga�;e, grant and convey that Accommodation Signer's interest in the Property under the terms of the 5ecurity Instrument; (b) is not personally obligated to pay the sums secured by this Security lnstrument; and (c) agrees that Lender and any other Borrower may agree to extend, madify, forbear or make any accammodations with regard to the terms of this Security lnstrument or the Note without fhat Accommodation Signer's consenr. Loan Charges. If the loan senured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is tinally interpreted sn that the interest or nther loan charges collected or to be collected in connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limits and (b) any sums already collected from Borrower which exceeded permitted limits wi11 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 Borrower. If a refund reduces principal, the rednction will be treated as a partial prepayment without any prepayrttent charge under the Note. Notices. Any notice to Bc�rrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless Applicable Law requires use of another method. The notice shall be direoted to the Property Address or any other addr�ss Borrower designates by notice to Lender. Any notice to Lender shall be given by tirst class mail to I..ender's address stated herein or any other address C.ender designates by notice to Borrower. Any natice provided for in this Security Instrument sha11 be deemed to have been given to Borrower or Lender when given as provided in this paragraph. Governing Larv; Severability. This Security Instrument shall be governed by federal law and the laws of the state af Nebraska. In th� event that any provision or clause of this Security Instrument or tihe Note conflicts with Applicable I�aw, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. 'To this end the provisions of this Security Instrument and the Nate are declared to be severable. Borrower's Copy. Borrower shall be given one conformed copy of this Security lnstrument. Transfer of the Property or a Bene�cial lnterest in Borrower. If all ar any part of the Property or any interest in it is sold ar transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is nat a natural person) unless the Note shows that Borrower's loan is assumable, Lender may, at its option, require ir►unediate payment in full of all surns secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If the Note shows that Borrower's loan is assumable, Borrower must obtain Lender's written permission for an assumption and follaw any other requirements of Lender related to an assumption. If Barrower does not do sa, Lender may require _ _. immediate payment in full of al`I surtis secured by this Security Insfrument. If Lender exercises fhis option, Lender sha11 give Borrower notice of acceleration. The notice shall provide a period of not less than the minimum number of days established by Applicable Law from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiracion of this periad, Lender may invoke any remediea permitted by this Securiry Instrument without further notice or demand on Borrower. Borrower's Right to Reinstate. lf Borrawer meets certain conditions, Borrower shall have the right to have enkorcement of this Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as Applicable Law may specify for reinstatement) before sale of the Property pursuant ta any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Instrurnent. Those conditians are that Borrower: (a) pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b) cures any default of any other cavenants or agreements; (c) pays all expenses incurred in enforcing this Security lnstrument, including, but not limited to, reasonable attorneys' fees to the extent p�rmitted by law; and (d) takes such action as Lender may reasonahly require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrurnent and the abligations secured hereby shall remain fully effective as i£ no acceleration had occurred. However, this ri�ht to reinstate shall not apply in die case of acceleration under the section titled Transfer of the Property or a Beneficial lnterest in Burrower. &� 2004-2009 Compliancc Systcros, Inc. D02D-ODA9 - 2009.12.368 Cunsumer Real 8stafe - Szeurily Insu�ument P1.203fi Pt�e 4 of 6 www.compGancesystems.com