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201U0971b <br />acceleration has occurred, reinstate as provided in Section l9, by causing the actidn or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />impairment of Lender' 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 impairment of �ender' s interest in the Property <br />are hereby assigned and shall be paid ta Lender. <br />All Miscellaneous Proceedti that are not applied to restoration or repair of the Property shall be <br />applied in the order provided for in Section 2. <br />12. Barrower Not Released; Forbearance Sy Lender Not a Waiver. Extension af the time for <br />payment or madification of amortization of the sums secured by this Security Instrument �ranted by Lender <br />to Borrower or any Successpr in Interest of Borrower shall not operate to release the liability of Borrpwer <br />or any Successors in Interest of Borrower. Lender shall not be reguired to commence proceedings against <br />any Successor in Interest af Borrower or to refuse to exCend time for payment or otherwise 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 lnterest of Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, without limitation, Lender' s acceptance of payments frorn third persons, entities or <br />Successors in Interest of Borrower or in amounts less than the amvunt then due, shall not be a waiver of or <br />preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Sound. Sarrower covenants <br />and agrees tkiat Borrower's obligations and liability shall be joint azid several. However, any Borrower who <br />co-signs this Security Instrument but does not execute the Note (a "co-signar"): (a) is co-signing this <br />Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the <br />terms af this 5ecurity Instrument; (b) is not personally obligated to pay the sums securad by this 5ecurity <br />Instrument; and (c) agrees that 1.ender and any other Borrower can agree to extend, modify, forbear or <br />make any accommodations with regard to the terna5 af this Security lnstrurnent or the Note without the <br />co-signer' s consent. <br />5ubject to the provisions of Section 18, any Successor in lnterest oF Borrower who assumes <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. Borxawer shall not be released from <br />Borrower' s obligationti and liability under this Security Instrument unless Lend�r agrees to such release in <br />writing. The covenants and agreements of this Security Instrurnent shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender rnay charge Borrower fees for services performed in connection with <br />Bprrpwer' s default, for the purpose of protecting Lender' s interest in the Property and rights under this <br />Security 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 ta Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets nnaximurn loan charges, and that law is fmally interpreted so <br />that the interest or other 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 limit; and (b) amy sums already collected from Barrower which exceeded permitted <br />limits will be refunded to Borrower. Lender may choase to make this refund by reducing the principal <br />owed under the Note ar by rnaking a direct pay�ment ta Borrower. lf a refund reduces principal, the <br />reduction will be treated as a partial prepayment without any prepayment chaxge (whether or not a <br />prepayment charge is provided for under the Note). Borrower' s acceptance of any such refund xnade by <br />direct payment to Borrpwer will constitute a waiver of any right of action Borrpwer might have arising out <br />of such overcharge. <br />15. Notices. All notices 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 been given to Borrawer when mailed by frst class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to any one Borrower shall constitute notice 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 pramptly <br />notify �ender of Barrower' s change of address. If Lender specifies a procedure for reporting Borrower' s <br />change of address, then Bprrower shall only report a change of address through that specified procedure. <br />231001 <br />NEBRASKA - Single �amily - Fannie Mae/Freddie Mac UNIFpRM INSTRUMENT <br />�-6(NE) �os� i> Page 10 of 15 Initials: E� M Form 3028 1101 <br />� K �r <br />