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201009824
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Last modified
12/30/2010 3:41:10 PM
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12/30/2010 3:41:09 PM
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DEEDS
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201009824
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201009824 <br />acceleration has c�ccurred, reinstate as provided in Section 19, by causing the action or proccc:ding to b� <br />disrnissed with a ruling lhal, in I.ender's judgment, precludes forfeiture of the Property or other material <br />impairrnent of Lender's interest in Lhe Property ur rights under this Security Instrument. The proceeds of <br />any award ��r claim for damages that are attributable tc� khe impairment of Lender's inlerr:st in th� Property <br />are hereby assigned and shall be paid to I,ender. <br />All Miscellaneous Proceeds lhat ar� nat applied to restoration or repair of khe Property shall be <br />applied in the order provided fc�r in S�clion 2. <br />12. Borrower Not Released; �'orhearance By Lender Not a Wuiver. Extension of the time for <br />payment c�r modification of amortization of the sums secured by this Security Instrument granted by T,endar <br />to Borr��wer ur any Successor in Tnterest of Borraw�r shall nok operate to release the liability of Borrower <br />or any Successor5 in Interest of Borrower. T.ender shall not be rcquired to commence proceedin�s against <br />any Successor in lnteresl of Borrower or to refuse to extend kime for paym�nt or otherwise rnodify <br />amortization of the sun►s secured by this 5ecurity Tnstrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of T3orrower. Any forbcarancG by I,ender in exercising any right or <br />arcmedy including, without limitati�n I_end�r's acceptance of payments from third persc�ns, cntities or <br />Successors in Interest of Borrc�wer or in amounts less than the amount 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 A.ssigns Bound, Borrower covenants <br />and agrees that Borrower's obligatians and liability shall be joint and several. However, any �arrc�wcr who <br />c�-signs this Security Instrument but dnes not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Tnskrument only to mortgage, grant and convey the co-signcr's interest in the Property under the <br />terms of lhis Sccurity Instrument; (b) is not personally obligated to pay the surns secured by this Security <br />Instrurnent; and (c) agrees thak Lend�.r and any other Borrower can agree to extend, modify, forbear or <br />make any accommodations wilh regard tn the terms of this Security Instrument or the Note without thc <br />cc�-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Intcrest of Borrower who assumes <br />Borrower's obligations undcr this Security Iristrurnent in writing, and is approved by Iacnde.r, shall c�btain <br />all of Borrower's rights and benefits under this Security Instrument. Sorrowe:r shall nat be released from <br />Bcirrc�wer's abligations and liability under this Security In�trum�nt unless Lender agrees to such release in <br />wri[in�. The covenants and agreements of lhis S�:curity Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Laan Charges. Lender may charge Borrower fces far services performed in connection with <br />Borrowr:r's default, for the purpose of protecting Lender's interesl in the Property and rights under this <br />5ecurity Tnstrument, inc:luding, but not limited to, attorneys' fees, property inspection and valuatic�n tces. <br />In regard to any other fces, th� absence of express authority in this Security Tnstrument to chargc a spGCific <br />fee k�� Borrower shall not be construed as a prohibition on th� charging of such fee. Lender may not charge <br />fees that are expressly prohibited hy khis SccuriCy Ins�rument or by Applicable Law. <br />If the Loan is subject to a law which sets maximurn loan charges, and that law is fina.11y intcrprctcd sa <br />that the interest or ather loan charges collected or to be collccled in connection with the L.oan exceed the <br />permitted limits, then: (a) any such loan charge shall bc rc:duced by the amount necessary to reduce the <br />charge to the permitted limit; and (b) any sums alrcady cc�llr:cted frorn Borrower which exceeded permitted <br />limits will bc rcfunded to Borrower. Lender may choose to make this refund by reducing the princ:ipal <br />owed undcr thc Nate or by making a direct payiiient to 13orrower. Tf a refund reduccs principal, thc: <br />reduction will be treated as a partial prepaymcnl wilhouf any prepayment charge (whether or not a <br />prepayment charge is provided for under the Note). Borrower's acceptance af any such refund rnade by <br />direct payment lo I3orrower will constitute a waiver of any right of action Borrower might have arising out <br />of such �rvcrc:hargc. <br />15, Notices. All notices given by I3orrower or Lender in connection with this Sccurity In.Strumcnl <br />must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to <br />havc: been given to Borrower when mailed by first class mail or when actually deliverad ic� Bcarrowcr's <br />natice address if sent by other means. Notice to any one �3orrower shall constilute notice. tc� all 13orrowers <br />unless Applicable T.aw exprcti�ly rcquires ptherwi�e. The notice address shall be the Property Address <br />unless 13orrower has designated a substiCute notiGe addr�ss by notic;e ta L.ender. Borrower shall promptly <br />nc�fify Lender af Borrower's change of address. If Lender specifies a procedure for reporting Borrower"s <br />change of address, then Borrower shall only report a change of address through that specified procedure. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFDRM IIV5TRUMENT <br />�-g�N�) �Q�iii Papa 10 oi 15 in i Form 3028 9I09 <br />
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