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201�08��4 <br />acceleration has occurred, reinstate as provided in Sectian 19, by causing the action or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, pre.cludes forfeiture of the Property or other material <br />impaurment of Lender's interest in the Property or rights under this Security Tnstrument. The proceeds of <br />any award or clairn for darnages that are attributable to the impairment of Lender's interesc in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tirne for <br />payment or madification of amortization of the sucaas secuxed by this Security Instrument granted by Lender <br />to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower <br />or any Successors in Interest of Borrower. I.ender shall not be required to commence proceedings against <br />any Successor in Interest of Borrower or to refuse to extend time for payzn.ent or otherwise modify <br />amortization of the surns secured by this Security Instrument by reason of any demand made by the original <br />Borrawer or any Successors in Tnterest af Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, without limitatian, Lender's acceptance of payments from third persons, entities or <br />Successors in Interest of Borrawer or in amounts less than the amaunt then due, shall not be a waiver of or <br />preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Suecessors and Assigns Bound. $orrower covenants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who <br />co-signs this Security Instrurnent but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrument only to rnortgage, grant and canvey the co-signer's interest in the Property under the <br />terms of this Security Instrument; (b) is not person.ally obligated to pay the sums secured by this Security <br />Instrumenc; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or <br />make any accommodations with regard to the terms of this Security Instrument or the Note without the <br />co-signer's consent. <br />Subject to the parovisions of Section 18, any Successor in Interest af Borrower who assumes <br />Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain <br />all of Borrpwer's rights and benefits under this Security Instrument. Borrower shall not be released frorn <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 2Q) and bene�t the successors and assigns of Lender. <br />14. Loan Charges. I.ender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Froperty and rights under this <br />Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instrument to charge a speci�c <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Tnstrttment or by Applicable Law. <br />If the I..oan is subject to a law which sets maxim�um loan charges, and that law is �nally interpreted sa <br />that the interest or other loan charges collected or to be collected in connection with the T.oan exceed the <br />permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to the permitted limit; and (b) any sucus already collected from Borrower which exceeded pernutted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Nate or by rnaking a direct payment to Borrower. If a refund reduces principal, the <br />reduction will be treated as a partial prepayment without any prepayment chazge (whether or not a <br />prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by <br />direct payment to Borrower will constitute a waiver of any right of action Borrower mighc have arising out <br />of such overcharge. <br />15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument <br />must be in writing. Any natice to Borrower in connection with this Security Instrument shall be deerned to <br />have been given to Borrower when mailed by �rst class mail or when actually delivered ta Borrower's <br />notice address if sent by other means. Notice to any one Borrower shall constitute notice to a11 Borrowers <br />unless Applicable Law expressly requiares othearwise. The notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower sha11 promptly <br />notify I,ender of Barrower's change of address. If I.ender specifies a procedure for reporting Borrower's <br />change of address, then Borrowear shall only report a change of address through that specified procedure. <br />NEBRASKA - 5ingle Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT 1 <br />�-B(NE) loettl Page 10 of 15 inmeis: V-11�1 Fprm 302$ 1/01 <br />,��1 �''• �F".. � <br />