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201008723
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Last modified
11/22/2010 4:10:19 PM
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11/22/2010 4:10:17 PM
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DEEDS
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201008723
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�o�oos723 <br />acceleration has occurred reinstate as provided in Section 19, by causing the action or praceeding to be <br />dismissed with a ruling that, in Landar's judgment, precludes forfeiture of the Property or ather material <br />impairment of Lender's interest in the Property or rights under this Secwity Instrument. The proceeds of <br />any award or claim for darnages that are attributable to the impairment of Lender's interest in the Property <br />are herehy 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 £or in Section 2. <br />12. Sorrower Not Released; Fnrbearance By Lender Not a Waiver. ExtenGion of the time for <br />payment or modification of amortization oF the sums secured by this Security Instnunent 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 Borrowea Lender shall nat be required to commence proceedings against <br />any Successor in Interest oF Borrower or ta refuse to extend time for payment or otherwiye modify <br />amortization of the sums secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, without limitation, Lender's acceptance of paymcnts frorn third persons, entities or <br />Successors in Interest of Borrower or in amounts less than the annount then due, shall not be a waiver of or <br />preclude the exerci5e of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successot's and As5igns Bound. Bottower covenants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower whn <br />co this Sectuity Iustnunent but does not execute the Note (a "co (a) is CO�FIg[11T1� t�115 <br />Secuxity Instrument only to mortgage, grant and convey the co-signer's interast in the Property under the <br />terms of this Security Instrument; (b) is not personally obligated to pay the sumG secured by this Security <br />Insttument; and (c) agtees that Lander and any other Bortower can agree to extend, modify, forbear or <br />make any accorninodations with regard to the terms of this Security Instrurnent ot the Note without the <br />co-signer's consent. <br />Subject to the provisions of Section 18, any Sncceasor in Interest of Borrower who assuines <br />Borrowar's obligations under this Security Instnunent in writing, and is approved by Lender, shall obtain <br />all of Borrower's rights and bene�ts under this Security Instrument. Borrower shall not be released frozn <br />Bottower's obligations and liability under this Security Instnunent unlesG T,ender agrees ta such release in <br />writing. The covenants and agreements of thiG Security Instrument shall bind (except as provided in <br />Section 2�) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fces for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instnunent, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard ta any other fees, the absence of cxpress authority in this Security Insttument to charge a specific <br />fee to Borrower �hall not be construed a5 a prohibition on the charging of such fee. Lender rnay not charge <br />fees that are expressly proribited by this Security Instrumcnt or by Applicablc Law. <br />If the Loan is subject to a law which sets maximum loan charges, and tk�at law is tinally interpreted so <br />that the interest or otlxer loan charges collected or to be collected in connection with the Loan 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 limii; and (b) any sums already collected from Borrower which cxceeded permitted <br />liinits will be ref'unded to I3orrower. Lender may choose to makc this refund by reducing the principal <br />owed under the Note or by making a direct payment to D�rrower. If a refund reduces principal, the <br />reduction will be treated as a partial prepayrnent without any prepayrnent charge (whether or not a <br />prepayment chatge is provided for under the Note). Borrower's acceptance of any such refund made by <br />dircct payment to Borrower will constitute a waiver of any right of action Borrower m.ight have arising out <br />of such overcharge. <br />l5. Notices. All notices given by Borrower or Lender in conneciion with this Secnrity Instrument <br />must be in wtiting. Any notice to Borrower in connection with this Security Instrument shall be deemed to <br />have been given to Borrower when mailed by first class mail or when actually delivered to Barrower's <br />notice address if sent by other means. Notice to any one I3orrower shall constitute notice to all Borrowets <br />unless Applicable Law expresGly requires otherwise. The notice address shall be the Property Addtess <br />unless Bottowet has designated a substitute notice address by notice to Lender. BortoWer shall promptly <br />notify Lender of Borrower's change of address. If Lender speciCies a procedure for reporting Borrower's <br />change of address, then Bortower shall only report a change aF address thtough that specified procedure. <br />NEBRASKA- Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT <br />�-6(NE) �oa� � � Page 10 of 15 Initials Fol 3028 1101 <br />
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