201100479 - Laserfiche WebLink

Browse

201i00479 acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture af the Property ar ather material irnpairment of Lender's interest in the Property or rights under this Security InstrumenC. The proceeds of any award or claim for darnages that are attributable to the impairment of Lender's interest in the Property are h�reby assigned and shall be paid to I..ender. All Miscellaneaus Proceeds that are not applied to restoratian or repair of the Property shall be applied in the order provided for in Section 2. �2. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modificatian of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in InteresC of Borrower shall not operate to release the liability of Barrower or any Successors in Inter�st of Borrower. Lender shall not be required to commence proccedings against any Successor in Interest of Borrower or to refuse to extend time for payrnent or otherwise modify amortization of the surns secured by this Security Instnunent by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by L.ender in exercising any right or remedy including, without limitation, Lender's acceptance af paytxtents from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount 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 Bound. Borrawer cavenants and agrees that Borrower's obligations and liability shall be joint and several. However, aziy Borrower who co-signs this Security Instnunent but does not execute the Note (a "co-signer"): (a) is co-signing this Security Inst�nzment ozily to mortgage, grant and convey the co-signer's interest in khe Property under the tem�s of this Security Instrurnent; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that I.,endet' and any other Borrawer can agree to extend, rnodify, forbear or make any accoYx�modations with regazd to the terms of this Security Instn�ment or the Note without the co-signer's consent. Subject to the pmvisions of Section 18, any Successor in lntex�st of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by I.ender, shall obtain all pf Barrower's rights and benefits under this Security Instrument. Borrower shall nat be released from Barrower's obligations and liability under this Security Instrurnent unless Lender agr�es to such release in. writing. The covenants and agreernents of this Security Instrument shall bind (except as provided in Section 2Q) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender rnay charge Borrower fees for services performed in connection with Borrower's default, fnr the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attomeys' fe�s, property inspection and valuation fees. In regard to any other fees, the absence of express autharity in this Security Instrurnent to charge a specific fee to Barrower shall not be construed as a prohibition on the charging of such fee. Lender rnay not charge fees that aze expressly prohibited by this Security Instrurnent or by Applicable Law_ If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collecte� in connection with the Loan exceed the permitted limits, then: (a) any such laan charge shall be reduced by the amount necessary to reduce the charge to the pernutted limit; and (b) any sums already collected frorn Borrower which exceeded permitted limits will be refunded to Bonower. Lender may choose to znake this refund by reducing the principal . owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepaynnent withaut any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower'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 given by Barrower or T.ender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instnunent shall be deerned to have been given to Barrawer when mailed by �rst class mail or when actually delivered ta Borrower's notice address if sent by other means. Notice to any one Borrow�r shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a subsCitute notice address by notice to I.ender. Borrower shall promptly � notify Lender af Borrower's change of address. If Lender speci�es a procedure for reporting Borrower's change of address, then Borrower shall only report a change af address through that speci�ed procedure. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B�NE) lost �1 Page 10 of 15 i�iciais:� Form 3028 7/01 �