201008714 - Laserfiche WebLink

Browse

2U1008�i� acceleration has occurred, reinstate as provided in Section 19, by causing the actian or proceeding to be dismissed with a ruling tk�at, in L.ender's judgrnent, precludes forfeicure of the Praperty ar other rnaterial irnpairment of Lender's interest in the Property or rights under this Secnrity Instrument. The proceeds of any award or claim for damages that are attributable to the irnpairment of Lender'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 arder provided for in Section 2. 12. Borrpwer Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or a�nodification af amortization of the sums secured by this Security Instrument granted by L,Qnder to Borrower or any Successor in Tnterest of Borrovver shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. L,Qnder shall not be required to cammence proceedings against any Successor in Interest af Borrower or to refuse to extend time for payment or otherwise modify arnortization 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 frorn third persons, entities ar Successors in Interest of Borrower or in amounts less than the arnount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. doint and Several Lisbllity; Co-signers; Successors and Assigns Bound. Borrower covenants 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 "co-signer"): (a) is ca-signing this Securicy Instrument anly ta mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is nat personally obligated to pay the sums secured by this Security Instrurnent; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security InstrumenC or the Nate without the co-signer's cansent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by �..ender, sha11 obtain all of Borrower's rights and bene�ts under this Security Instrument. Borrawer shall not be released from Borrower's obligations and liability under this Security Instrurnent unless Lender agrees ta such release in writing. '�'he covenants and agreements of this Security Instrurnent shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrowex fees for services performed in connection with Borrower's default, far the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not lirnited 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 tp Borrower shall not be construed as a prohibitipn on the charging of such fee. I..ender 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 ma7cimurn loan charges, and that law is finally interpreted so that the interest or other loan charges callected or to be collected in connection with the Loan exceed the permitted lirnits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the chazge to the pernnitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will 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. Tf a refund reduces principal, the reduction will be treated as a partial prepaymsnt without any prepayment charge (whether or 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 righc of action Borrower rnight have arising out of such overcharge. 15. Notices. All notices givan by Banower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connectian with this Security Instrument shall be deemed to have been given to Borrawer when rnailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice ta 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 notice to Lender. Borrower sha11 promptly notify Lender of Borrower's change of address. If Lender specifies a pxocedure for reporting Borrower's change af address, then Borrower shall only report a change of address through that specified procedure. NEBRASKA - Single Family - Fannia Mae/Freddie Mac UNIFORM INSTRUMENT �-BINE) 108tt1 Paae t0 ot 15 Initials: � Fprm 3028 1(O1 � � , ,� ? R