201008412 - Laserfiche WebLink

Browse

2010084i� acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be disrnissed with a ruling that, in Lender' s judgment, precludes farfeiture of the Property or other rnaterial impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any awaxd or claim for damages that are attributable to the impairment of Lender' s interest in the Property are hereby assigned and shall be paid ta Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided far in Section 2. 12. Sorrower Not Released; Forbe�rance Sy Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Barrower ar any Successor in Interest of Borrower shall nat aperate to release the liability of Borrower or any Successors in lnterest of Borrower. Lender shall not be required to commence proceedings against any Successor 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 Borrpwer or any Successors in Interest of �orrvwer. Any forbearance by Lender in exercisin� any ri�ht or remedy including, without limitation, Lender's acceptance of payments fram 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 Bound. Borrower cavenants 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 "cn-signer"): (a) is co-signing this Security lnstrument only to martgage, 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 Lender and any other Borrower can agree to extend, modify, forbear or make any accarnrnodations with regard to the terms of this Security Instrument or the Note without the co-signer' s consent. Subjact to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower' s obligations under this Security Instrurnent in wricing, and is approved by I.,ender, shall obtain all of Borrower' s rights and benefits under this Security Instrument. Borrower shall not be releasad from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreernents of this 5ecurity Instrument shall bind (except as provided in 5ectian 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender rnay 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 Sacurity 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 charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not 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 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 limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to xnake this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayznent 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 Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Sorrower in connection with this Security Instrument shall be deezned to have been given to Borrawer when mailed by first class mail or when actually delivered to Borrower' s notice address if sent by ather rneans. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The natice address shall be the Property Address unless Borrower has designated a substitute notice address by natice to Lender. Borrower shall promptly notify Lender of Borrower' s change of address. If Lender specifies a procedure for reporting Borrower' s change of address, then Borrower sha11 only report a change of address thraugh that specit"ied procedure. 23095$ N�BRASKA - Single Family - Fannfe Mae/Freddie Mac UNIFpRM INSTRUMEN7 � �-6�NE) �oat �� Page 10 af 1S �nitia�s: �� FOrm 3028 1/01 �