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201008930
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Last modified
11/30/2010 4:38:24 PM
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11/30/2010 4:38:23 PM
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DEEDS
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201008930
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2 oioo8��0 <br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture af the Property or other material <br />impairment of L,Qnder's interest in the Property or rights under this Security Instrument. The proceeds of <br />any award or claim for damages that are attributable to the impairmeant of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Praceeds that are not applied to restoration or repair of the Praperty shall be <br />applied in the order provided far in Section 2. <br />12. Borrower Nat Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Security Instrument granted by Lender <br />to Borrower or any Successor in Interest of Borrower shall nat op�rate to release the liability of Borrower <br />or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against <br />any Successor in Interest of Borrower ar to refuse to extend time for payrnent or otherwise modify <br />amortization of the sums secured by this Security Instru�ment by reason pf any demand rnade by the original <br />Borrower or any Successors in Interest of Borrower. Any forbea�rance by I.ender in exercising any right or <br />remedy including, without lirnitation, Lender's acceptance of payments from third persons, entities or <br />Successors in Interest of Bonower or in amounts less than the amount then due, shall nat be a waiver of or <br />preclude the exercise of any right or rennedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants <br />and agrees that Borrower's obligaCions and liability sha11 be joint and several. However, any Borrower who <br />co-signs this Security Instrurnent but does not execute the Note (a "ca-signer"): (a) is co-signing this <br />Security Instrument only to rnortgage, grant and convey the co-signer's interest in the Property under the <br />terms af this Security Instrument; (b) is not personally obligated to pay the sums secuxed by this Security <br />Instrument; and (c) agrees that I,ender and any other Borrower can agree to extend, m.odify, forbear or <br />make aany accommodations with regard to the terms of this Security Instrurnent or the Note without the <br />co-signer's consent. <br />Subject to the provisians of Section 1$, any Successor in Interest of Borrower who assumes <br />Borrower's obligations under this Security Instrument in writing, and is appraved by Lender, shall obtain <br />all of Borrower's rights and benefits under this Security Instnunent. Borrower shall not be released from <br />Borrower's obligacions 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 20) and bene�t the successors and assigns of I.ender. <br />14. Loan Charges. Lender may charge Borrower fees 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 to any ather fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Borrower sha�l not be construed as a prohibition on the chazging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Securicy Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is �nally interpreted so <br />that the interest or other loan charges collected or to be collected in coz�nection with the Loan exceed the <br />permitted limics, chen: (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />chazge to the permitted limit; and (b) any sums already collected from Borrawer which exceeded permitted <br />limits will be refunded to Borrower. Lender may choose ta make this refund by reducing the principal <br />owed under the Note or by rnaking a direct payment to Borirower. If a refund reduces principal, the <br />reduction w�rr �� treated as a partial prepayment without any prepayment charge (whether ar not a <br />prepayrnent chazge is provided for under the Not�). Borrower's acceptance of any such refund made by <br />direct payrnent to Borrower will constitute a waiver of any right of action Borrower might have arising out <br />of such avercharge. <br />15. Notices. All aotices given by Borrower or Lender in connection with this Security Instrument <br />rnust be in writing. Any notice to Borrower in connection with this Security Instrurnent shall be deerned to <br />have been given to Barrawer when rnailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other meaus. Natice to any one Barrower shall constitute notice to all �orrowers <br />unless Applicable Law expressly requires otherwise. 1fie notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lendcr. Borrawer shall promptly <br />notify Lender of Borrower's change of address. If Lender speci�ies a procedure for reporting Borrower's <br />change of address, then Borrawer shall anly report a change of address through that specified procedure. <br />NEBRASKA - Single Family - Fannie MaelFreddie Mac UIYIFQRM INSTRUMENT <br />�-B�NE) loaitl Page 10 of 15 Initials: � Form 3028 �/�� <br />S..l� <br />,;a � <br />
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