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201102432
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201102432
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Last modified
3/29/2011 1:13:15 PM
Creation date
3/29/2011 8:57:14 AM
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DEEDS
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201102432
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20�10243� <br />acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />impairment of Lender`s interest in the Property or rights under this Security Instntment. The proceeds of <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for <br />payment or modification of amortization of the sums secured by this Security Instrument granted by Lender <br />to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Bonower <br />or any Successors in Interest of Borrower. Lender shall not be required to cornmence proceedings against <br />any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify <br />amortization of the sums secured by this Security Instrument by reason of any demand made by the originat <br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, without limitation, Lender's acceptance of payments from third persons, entities or <br />Successors in Interest of Borrower 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 Assigns Bound. Borrower covenants <br />and agrees that Borrower's obligations and liability shall be joint and severai. However, any Borrower who <br />co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the <br />terms of this Security Instnunent; (b) is not persQnally obligated to pay the sums secured by this Security <br />Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or <br />make any accommodataons with regard to the terms of this Security Instnunent or the Note without the <br />co-signer's consent. <br />Subject to the pmvisions af Section 18, any Successor in Interest of Borrower who assumes <br />Bonower's obligatio�rs un�er this Security Instrument in writing, and is approved by Lender, shall obtain <br />all of Bonower's rights a�d benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Laan C1►arges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose af protecting Lender's interest in the Property and rights under this <br />Security Instniment, itzctuding, but not limited to, attorneys' fees, property inspection and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instnunent to charge a specific <br />fee to $orrower shalt not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is fmally interpreted so <br />that the interest or other loan chazges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then: (a) any such loan charge sha11 be red�tced by the amount necessary to reduce the <br />charge to the permitted limit; and (b) any sums already collected from Borrawer which exceeded permitted <br />limits wi11 be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the <br />reduction wiil be treated as a partial prepayment without any prepayment charge (whether or not a <br />prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by <br />direct payment to Bonower will constitute a waiver of any right of action Borrower might have arising out <br />of such overcharge. <br />1S. Notices. All notices given by Borrower or Lender in connection with this Security Instrument <br />must be in writing. Any notice to Borrower in connection with this Security Instrument sha11 be deemed to <br />ha�e been given to Borrower when mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other nneans. Notice to any one Borrower shall constitute notice to all Bonowers <br />unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower sha11 promptly <br />notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's <br />change of address, then Borrower sha11 only report a change of address through that specified procedure. <br />NEBRASKA - Single Family - Fartnie Mae/Freddie Mac UNlFORM lNS7RUMENT <br />�-6(NE) losii� Page 10of 15 i��t�ais: Form 3028 1/01 <br />m <br />�i <br />�� <br />C���, <br />� <br />
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