201008659 - Laserfiche WebLink

Browse

2�ip08�59 acceleration has occuned, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in T,ender'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 proc�eds of any awaxd or claixn for damages that are aCtributable to the iznpairment of I,ender's interest in the 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 Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tirne for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Tnterest of Borrowex shall not operate to release the liability of Borrower or any Successors in Interest of $orrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower ar to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Secuxity Instnunent 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 limitation, Lender's acceptance of payments from third persons, entities or Successars 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 covenants and agrees that Borrower's obligatians 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 anly to mortgage, grant and convey the co-signer's interest in the Praperty under the temis of this Security Instrument; (b) is not persanally obligated to pay the sums secured by this Security Instrument; and (c) agrees that I.ender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instnunent or the Note without the ca-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Barrower who assumes Borrower's obli�ations under this Security Instrument in wriCing, and is approved by Lender, shall obtain a11 of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligarions and liability uzxder this SecuriCy Instnunent unless Lender agrees to such release in writing. The covenants and agreements af this Security Instrument shall bind (except as provided in Section 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 Security Instrument, including, but not lirnited to, attornays' fees, property inspection and valuation fees. In regard to any other fe.�s, th� absence of express authority in this Security Instrument to charge a specific fee to Borrawer shall not be construed as a prohibition on the charging of such fee. L.ender may not charge fees that are expressly prohibited by this Security Instrurnent or by Applicable Law. If the Loan is subject to a law which sets maximum laan chazges, and that law is finally interpreted so that the interest or other 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 arnount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from $orrower which exceeded pernutted limits will be refunded to Borrower. Lender may choose to make Chis refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reductian will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Nate). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver af any right of action Barrawer might have arising out of such overcharge. 15. Notices. All notices given by Barrawer or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other nneans. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrawer's change of address, then Borrower shall only report a change of address through that specified procedure. NEBRA$KA - Single Family - Fannie Mae/Freddie Mac UNIFQRM INSTRUMENT �^B�N�) (0811) Page 10 of 15 �nitials: Form 3028 1/�1 � • � j�• �� F� w '� t�