201009821 - Laserfiche WebLink

Browse

,. 201009821 interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to extend time for payment or otherwise modify amortization af the suxns secured by this Security Instrument by reason of any dernand made by the original Borrower or Borrower's successors in interest. Any forbearaance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Successors and Assigns Bound; Joint and Several Liability; Accornmodation Signers. The covenants and agreements o£ this Security Instrument shall bind and benefit the successors and assigns of I.ender and Boxrower, subject to the provisions of section titled Transfer of the Property or a Bene�cial Interest in Borrower. Borrower's covenants and agreements shall be joint and several. Any person who co-signs this Secuarity Instruxnent but does not execute the Note ("Accomtnodation Signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey that Accommadation Signer's interest in the Property under the terms of the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any ather Borrower rnay agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Tnstrument or the Note vv�thout that Accommodation Signer's consent. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges callected 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 charge to the permitted limits and (b) any sums already collected from Borrower which exceeded permitted limits wi11 be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refuad reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. Notices. Any notice to Barrower provided for in this Security Instrument shall be given by delivering it or by mailing it by £�rst class mail unless Applicable Law requires use of another method. The notice shall be dixected to the Praperty Address or any other address Borrower designates by notice to I.ender. Any notica ta I.ender shall be given by first class mail to L.ender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instnunent shall be deemed to have been given to Borrowcr or I.ender when given as provided in this paragraph. Governing Law; Severability. This Security Instrument shall be govern.ed by federal law and the laws of the state of Nebraska. In the event that any provision or clause of this Security Instrument or thc Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicdng provision. To this end the provisions of tlus Securiry Instrument and the Note are declared ta be severable. Borrower's Copy. Borrower shall be given one canformed copy of this Security Instrument. Transfer of the Property or a Beneficial Interest ln Borrower. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Borrowar is sold or transferred and Borrower is not a natural person) unless the Note shows that Borrower's loan is assunnable, Lender may, at its option, require unmediate payment in full of all sums secured by this Security Instiument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrurnent. If the Note shows that Borrower's loan is assumable, Borrower must obtain Lender's written pernussion for an assumption and follow any other requirements of Lender related to an assumption. If Borrower does not da sa, L,�nder may require immediate payment in full of all sums secured by this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall pravide a period of not less than the minimum number of days established by Applicable Law from the date the noticc is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior ta the expiration of this period, Lender may invoke any remedies permitted by this Security Instniment without further notice or demand on Borrower. Borrower's Right ta Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) entry of a judgment enforcing this Security Tnstrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under this Security InsUrument and the Note as if no acceleration had occurred; (b) cures any dafault of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrument, including, but not limited ta, reasanable attorneys' fees to the extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the lien of this Security Instrument, Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this 5ecurity Instrument and the obligations secured hereby shall remain fu11y effective as if na acceleration had occurred. However, this right to reinstate shall not apply in the case of acceleration under the section titled Transfer of the Property or a Bene�cial Interest in Borrower. Sale of Note Change of Loan Servicer, The Note or a partial interest in the Note (together with this Security Instrument) may be sold ons or more times without prior notice to Borrower. A sale may result in a change in the entity (known as the "Loan Servicer") that collects periadic payrnents due under the Note and this Security Instrument. There also may be one or more changes of the Loan Servicer unrelated to a sale of the Note. If there is a change of the Laan Servicer, Borrower will ba given writt�n notice of the change in accardance with the section titled Notices and Applicable Law. The notice will state the name and address of the new Loan Servicer and the m 2004-2010 Compliance Systema, [nc. E60B-BS16 - 2010.03.378 Consumer Rea) �state - Securiry Instrument PI.2036 Page 4 of6 www.compliancesystems.com