201101020 - Laserfiche WebLink

Browse

201101020 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 l.iability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and (iability shait be joint and severat. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security tnstrument oNy to mortgage, grant and convey the co-signer's interest in the Praperty under the terms of this Security Instrument; (b) is not persanally obligated #o pay the sums secured by this Security Instrument; and (c} agrees that Lender and any other Borrower ean agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligatians under this Security Instrument in writing, and is approved by Lender, shall obtain all of Barrower's rights and benefits under this Security Instrument. Borrower shal{ not be released from BoROwer's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shatt bind (except as provided in Section 20) and benefit the successors and assigns of l.ender. 14. Loan Charges. Lender may charge Borrower fees for services performed in conneciion with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security tnstrument, including, but not limited ta, attomeys' fees, property inspecticm and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee #o Borrower shal! not be cnnstrued as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finafly interpreted so that the interest or other loan charges collected or to be colfected in connection with #he 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; and (b) any sums atready cottected ftom Borrower which exceeded permitted limits will I,�e refunded to Borrower. �ender may choose to make this refund by reducing the princ+pal owed under the No#e ar by making a direct payment ta Borrower. !€ 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 tor 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 Borrower or Lender in connection with this Security Instrument 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 nofice address if sent by other means. Notice to any one Borrower shalt constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Bflrrower shall promp�y notifiy Lender of Borrower'§ change of address. tf Lender specifies a procedure for reportir�g Borrower's change of address, then Borrower shaN only repat a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shatl be given by delivering it or by maiting it by first ctass mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing i.aw; Severability; Rules of Constructian. 7his Security Instrument shaH be govemed by federal law and the law of the jurisdiction in which the Properly is located. All rights and ( I I ( � 3 O b O 1 4 4 2 8 S� +k M C M D O T+► NEBRASKA—Single Famiy-Fann� Nlae/Freddie NIaC UNIFORM INSTRUMENT Fonm 3028 7/Oi (page 10 of 14 peges) Mortqagp Caderice, LLC � 3027 02/O6