201009075 - Laserfiche WebLink

Browse

20100907� acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be disrnissed with a ruling that, in Lender's judgment, precludes fotfeiture of the Property or other material iinpairment of �.en.der's interest in the Property ot tights under this Security lnstnunent. The proeeeds of any uward or claim for damageti that are altribulable lo the impairmenl of Lender's inlerest in the Pruperty are hereby ae;�igned and shall be paid to Lender_ All Misccllancous Pmceeds that arc not applied to restoration or rcpair nf the Property shall bc applied in the order provided for in Section 2. 12. Burrawer Not Rcicased; Fnrbearance By Lender Not a Waiver. Extension of the time for payment or modification of dmc�rtization of the surn� secuted by this Security Instrument granted by Lender to Hottower or any 5uccessor in Intetest of Borrower shall not operate to release ihe liability of Borrow�r or any Successors in Intcrest of Borrower_ T�endcr shall not be requitcd to commcnec proceeding� against any Successor in Intetest of Borrower or to refuse to extend time for payment or otherwise modify amortia.ation of the sums secured by this Security lnstru�nent by reason uf any demand made by thc original Borrowc;r or any Succes5ors in Interest of Bortower. My forbearance by Lender in exercising any right or remedy including, without limitation, Lender'� acccptance ot payments frorn third persons, cntitics or Successors in Interest of Borrnwer or in amounts less than the amount then dixe, shall not be a waiver of or preclude the exercise of any tight or remedy_ 13. doint and Several Liability; Co-signer�; Successors and Aasigns Bound. Borrowcr cnvenants and a�;rees that Borrower's obligations and liability shall be joint and several. However, any B�rrower who co-signs this Secu�tity Instnunent but does not execuie the Note (a "co-signer"): (a) is co-signing this Security Instntment only to mortgage, grant and convey lhe co-signer's interest in the Property under the terms of this Sccurity Instnunent; (b) is not personally obligatcd to pay the sums sccured by ihis Sccurity Insttument; and (c) agtees that Lender and any other Borrnwer can agree to extend, modify, forbear or niake any accommodations with regard to the tetms of this Secutity Instrutuent or the Note without the co-signer'ti consent. Subject to thc provisions of Section 18, any Suc:ces:�or in Interest of Borrower who assumes 13orrower's obligaiiunti under this Securily InsCrument in wniting, and i: approved hy Lender, tihall ohtain. all of $orrower's rights and henefits under this Security Instrument. Borrower shall not be released from Borrowcr's obligationa and liability under this Sccurity Instrumcnt unlcss Lender agtees to such release in writing. 'I'he covenants and agreemcnts of khis Security Instrument shall bind (excepl as provided in Section 20) and brne�t the successors and assigns of Lender. 14. Loan Charses. Lender may charge Borrower Fee� for services performed in connection with Borrower's deFault, fot the purpose of protecting I,ender's interesi in the Property and rights under this Security Instnnnent, including, 6ui not limitcd to, attorneys' fees, property inspection and valuution fees. In rcgard to any othcr fces, the abscncc of cxpress authority in this Sccurity Instrument to chargc a specific fee in $orrower shall n�t be construcd as a�tohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this 5ecurity Instrument or by Applicable Law. If the Loan is subject to a law which sets maximuxn loan charges, and lhat law is finally interpreted so lhat the intcrest or othet 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 amount necessary to reduce the chargc to th� permitted limit; and (b) any sums already collcctcd frorn I3otrower which cxcceded permittcd liinits will be tefunded to Sorrowet. Lender may choose to make this refund by reducing the prinoipal owed under the Note or by making a direct naym�nt to Borrnw�r. If a refund reduces principal, the reduciion will be treated as a partial ptepayment withc�ut any prepayment chatge (whether or noi a prepaymcnt charge is providcd £or undcr thc Note). Borrowcr's acceptancc of any such refixnd madc by direct paym�.ynt to Borrower will constitute a waiver of any right of action Borrower inight have arising out of such vvercharge. 15. NoNces. All notices given by Borrower or Lender in connection with this Security Insttuinent mu5t be in writing_ Any notice to Borrower in connection with this �ecurity Instrument shall be deemed to have �reen given to Borrowet when mailed by �rst claSS mail or when actually delivered to Borrnwer's notice address if scnt by othet means. Notice to any onc Sonrc�wcr shall constitutc notice to all Borrowers unle5s Applicable Law expressly requires otherwise_ The notice addres5 shall be the Property Address unless Borrower ha� desigr►dted a tiubr;titute ni�lice addres�; by notice tc� Lender. I3urruwer tihall promptly notify Lender of $orrower's changc of address. If Lender speciftes a procedure fot teporting Borrower's changc of �ddress, thcn Borrower �hall only report a change of address through that spcci�ed proccdurc. NEBRASKA- Single Family - Fannla Mae/Freddle Mac UNIFORM INS7�2UMENT � R �+6(NE� (0811) Page 10oF15 in�t�ais�� Form 3028 1/01