201100180 - Laserfiche WebLink

Browse

2oiiooi�o acceleration has occurred, reinstate as provided in 5ection 19, by causing the action or proceedin� to be dismissed with a rulin� that, in Lender' s judgment, precludes forfeiture of the Property or other material impairment of Lender' s interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for daznages that are attributable to the impairment of Lender's interest in the Property are herehy assi�ned and shall be paid to Lender. A11 Misccllaneous I'roceeds that are not applied to restoration or repair of the Property sl�all be applied in the order provided for in Section 2. 12. Borrawer Not Released; Forbearance By Lender Not a VVaiver. ExtenSion of the time for payment or modificatirni of amortization of the sums 5ecured by this Security Instrument granted by Lender to Borrovver or any Successor in Interest of Borrower sha11 not operate to release the liability of Bprrpwer or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in lnterest of Borrower or to refuse to extend time for payrnent or otherwise rnodify amortization of the sums secured by tk�is Security Instrument by reason of any dernand made by the original Borrower or any Succesaors in Interest of Borrower. Any forbearance by Lender in exercising any righi or rernedy including, without limitation, Lender' s acceptance of' payments from third persons, entitiea ar Successors in Interest of Borrower or in amounts less than the aznaunt then due, shall not be a waiver of or preclude the exercise of any right. or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Sound. Borrower covenants and agrees that Sorrower's obligations and liabiIity shall be joint and several. However, any Borrower who co-signs this 5ecurity inatrument but does not execute the Note (a "co-si�ner"): (a) is co-signing this Security Instrument only to mortga�e, �rant and convey tlae co-signer' s interest in the Properry under the terms of this Security Instrument; (b) is not personally oblinated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can a4tiree to extend, modify, f'orbea; or rnake an�� accommodations witl� re�ard to the term� of tlai� S�curity Instrument or the Note without the co-signer's cansent. Subject to the provisinns of Section 18, any Successor in Interest pf Borrower who asaumes Borrower' S obligations under this Security Instrument in writing, and is approved by Lender, shall obtain. all of Borrower' s rights and benefits undex this Security Instrument. Barrower shall not be released from Borrower' s obligations and liability under this Security Instrurnent. unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section ZO) and bene�t the successors and assigns of Lender. 14. Loan Charges. Lender may charge Sarrower fe�s for services performed in connection with Borrower' s default, for the purpose of protecting Lender' s intereat in the Prnperty and rights under this Security instrument, including, but. not limited to, attnrneys' fees, property inspection and valuatinn fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Bprrpwer shall not be construed as a prohibition on the charging of such fee. Lender may not char�e fees that are sxpressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximuzza loan charges, 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 shall be reduced by the amount necessary to reduce the charge to the permitted limit; ar�d (b) any sums already collected from Borrower which excceded permitted limits will be refunded to Borrower. Lender may chpase to make this refund by reducing the principal owed under the Note ar by rnaking a direct payment to Borrower. If a rafund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (vvhether or not a prepayment charge is provided for under the Note). Borrower' s acceptance of any such refiznd made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 1_5. Notices. All notices given by Borrower or Lender in connection with this Security Tnstrument must 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 first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. "�'he notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrpwer shall promptly notify Lender of Borrower' s change af address. If Lender specifies a procedure for reporting Borrower' s change of address, then Borrower shall only r�port a change of address through that specified procedure. 231031 NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �•s(��) (0811) Page 10 of 15 Inilials: �,� Form 3028 1/01 m