201100046 - Laserfiche WebLink

Browse

2oli0004� acceleration has occurred, reinstate as provided in Section 19, by causing th� action or proceeding tn he dismissed with a ruling that, in Lender's judgment, precludea farfeiture of tlie Property or other material impairment of Lendez interest in the Property or rights und�r this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Juender. Al] Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Sorrower Not Relcased; Torbearance B,y Lender Not a Waiver. Extension of the time for payznent or modification of arrxortization of the sums secured by this Security lnstrument �ranted by Lender to Borrower or any Successor in J.nterest of Borrower shall not aperate to release the liability of �orrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or atherwise modify amqrtization of the sums secured by this Security Instrum�nt by reason of any d�rnand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by I.�ender in exercising any right ar remedy including, without limitation, L�nder' s acceptance of payments £rom third persons, entities or Successor5 in Interest of Borrower or in amounts les� than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liahility; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Sorrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-si�ning this Security ]nstruznent only to mortgage, grant and convey the co-signer's interast in the Property under the terms of thia Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and f c) agrees that Lender and any other Borrower can agree to extend, rnodify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note withaut the co-signer' s consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower' s obligations unde.r this Security Instrument in writing, and is approved by Lender, shall ohtain all of Borrower' s rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligationti and liability under this Security Instruznent unless Lender agrees to such release in writin�. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. ]4. Loan Charges. Lender znay charge Borrower fees for services performed in connectaon with Borrower's default, for the purpose of protecting Lender's inter�st in the Property and rights under this Securicy Instrument, including, but not limited to, attorneys' fees, property inspection and valuatian fees. In r�gard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expre5sly prohibited by this Security Instrument or by Applicable Law. If the Loan is sub�ect ta a law whick� sets maxunum loan chargea, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge sha11 be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sumti already collected from Borrower which exceeded permitted limits will be refunded to �orrawer. Lender may choose to make this refund by reducing the principal owed under the Note or by xnalcing a direct payrnent to Barrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrawer's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices gaven by Borrower pr Lender in connection with this Security lnstrurnent rnust be in writing. Any notice to Borrower in connection with this Security instrument shall be deemed to have been given to Borrower when mailed by frrst class mail or wh�n actually delivered to Eorrower's notice address if sent by oTher means. Notice to any one Borrower shall canstitute notace to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Addreas unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly natiFy Lender of Borrower' s change of address. If Lender specifies a procedure far reporting Borrower' s change of address, then Borrower shal] only report a change of address through that specified procedure. 231026 NEBRASKA - Single Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT �-6(NE) �os��) page 10 of 15 Initials: FOrm 3028 1101 �