201008997 - Laserfiche WebLink

Browse

2oioos997 Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in �.ender's judgrnent, could result in forfeiture of the Praperty or other material impairment of L.ender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be disrnissed with a ruling that, in L.ender's judgment, precludes forfeiture of the Property or other rnaterial impairment of Lender's interest in the Property or rights under this 3ecurity Tnstrument. 'The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid ta I.ender. 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 time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the surns secured by this Security Instrument by reason of any demand made by the original Borrower or any Successars in Interest of Borrower. Any forbearance by Lender in exercising any right or rernedy including, without liznitation, I.ender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall nat 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 obligations and liability shall be jaint 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 S�curity Tnstrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay che sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree ta extend, rnodify, forbeaz or make any accomrnodations with regard to the terms of this Security Tnstrurnent or the Note without the ca-signer's consent. Subject to the provisions of Section 1$, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and bene�ts under this Security Tnstrument. Borrower shall not be rel�ased from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Sectian 20) and bene�t the successors and assigns of Lender. NEBRASKA -- Single Family — Fannfe MaelFreddie Mac UNIF'ORM INSTRUM�NT Form 3028 1! 1 GCC - G3028-12 (09/Ol) (Page 12 af l9) Initials: