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201009150
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Last modified
12/8/2010 3:50:34 PM
Creation date
12/8/2010 3:50:33 PM
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DEEDS
Inst Number
201009150
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20100915� <br />accelaration has occurred, reinstate aa provided in Section 19, by causing tk�e action or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfaiture of the Property or other material <br />unpairment of Lender's interest in the Froperty or rights under this Security Instrument. The proceeds of <br />any award or claim for damages that are attributable to the irnpairment of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneaus Proceeds that are not applied to restoration or repair of the Property shall be <br />applied in the order provid�d for in Section 2. <br />12. Sorrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of aznortization of the sums secured by this Security Instrument granted by Lender <br />tn Borrower or any Successor in Interest of Borrower shall not operate 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 payment or otherwise modify <br />amortization of tk�e sums secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any 5uccessors in Interest of Borrower. Any forbearance by Lander in exercising any right or <br />remedy including, without limitation, Lender's acceptance of paynient5 frpm third persons, entities or <br />Successors in Interest of Borrower or in amounts less than the amount then due, sha11 npt be a waiver of or <br />preclude the exerci5e of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Sound. Borrower covenants <br />and agrees that Borrower' � obligations and liability shall be joint and several. However, any Sorrower who <br />co-signs this Security lnstrument but does not execute tl�e Note (a "ca-signer"): (a) is co-signing this <br />Secuz'ity �nstrument only ta mortgage, grant and cpnvey the co-signer's interest in the Prnperty under the <br />terms of this Security Instrument; (b) is nat perspnally abligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any other Borrower can a�ree ta extend, modify, forbear or <br />make any accommodations with regard to the terms of this Security Instrument or the Npte without the <br />co-signer' s consent. <br />Subject to the provisions of Sectipn 18, any Successor in Interest of Sorrower who assurraes <br />Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain <br />all of Borrower's rights and benefits under this Security Instrument. Sorrower shall not be released frozxa <br />Borrower's obligations and liability under this Security lnshument unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security lnstrument shall bind (except as provided in <br />Section 20) and benefit tk�e successors and assigns of Lender. <br />14. Loan Charges. L�nder may charge Borrower fees for services performed an connection with <br />Borrower's default, for the purpose of �rptecting Lender's interest in the Property and zights under this <br />5ecurity Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging af such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instniment or by Applicable Law. <br />If the Loan is subjecC to a law which sets maximum loan charges, and tk�at law is finally interpreted so <br />that the interest or other loan charges collected or to be callected 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 perrnitted limit; and (b) any sums already collected frozn Borrower which exceeded permitted. <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the <br />reduction will be treated as a partial prepayment without any prepayment charge (whether or not a <br />prepayment charge is provided for under the Note). Borrower' s acceptance of any such refund made by <br />direct payment ta Barrow�r will constitute a waiver of any right of action Borrower might have arising out <br />of such overcharge. <br />15. Notices. All natice5 given by Borrower or Lender in connection with this Security instrument <br />must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to <br />have becn given to Borrower when mailed by first class mail or when actually delivered to Horrowar's <br />notice address if sent by other means. Notice to any one Borrower shall constitute nocice to all Borrowers <br />unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly <br />notify Lend�r of Borrower' s change of address. If Lender specifies a procedure fox reporting �arrawer' s <br />change of address, then Borrower sha11 only report a change of address through that specified procedure. <br />z3o99� <br />NEBRASKA - Single Family - Fannie M ae/Freddie M ac UNIFORM INS7f2UM ENT <br />�-6(NE)�oeat� aa9e�oaf�s inic�ais �/�Fvrm3028 1/01 <br />� <br />
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