201103229 - Laserfiche WebLink

Browse

20�1032�� acceleration has accurred, reinstate as provided in Section 19, by causing the action or proc,eeding to be dismissed with a ntling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment af Lender's interest in the Property or rights under this Se.curity Instrument. The proceeds of any awazd or claim for damages that are attributable to the impairment of Lender's interest in the Properiy aze hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in SecCion 2. 12. Borrower Not Released; For6earance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Bonower sha11 not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any Sucr,�ssor in Interest of Bonower or to refuse to extend time for paynnent or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any rigbx or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Bonower 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. Jo'vnt and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenams and agr�s that Bonower's obligarions and liabiIity shall be joint aad sever�el. However, any Bortower who co-signs this Security Instrument but does not ex�ute the Note (a "co-signer"): (a) is co-signing this Security Insmunent only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Insm�ment; (6) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Bonower can agree to extend, modify, forbeaz or make any accommodations with regard to t�e terms of this Sectui�r i�rs�r�ment or the Note without the co-sigaier's ca�. Subject to the previsioIIS of �Ctio� �S, any Successor i�r Ente$est of Borrower �+ho assumes �arro�ver's oblig�tiorls �der t�is �iby �t in v�riti�g, � is �roved by I.ercc�r, s�alt obtain atI o€ �iorro��'s r�gh�s �d b�ef�ts ua��r this �urity Iastniment. Borrower shali Bot be released fror�e Borrower's ob�igation� arnl. Pi�itity tmde� t�is Secuaity Ir�eat vuYess Lender agrees to such release in writing. The c�ve�ants a�d �S a€ ti�tis Security Im�tt�ent sfial�. biud (exe�pt as gmvicc�l iu �etion 20} a� beaefi� t�e ��s arcd �ssigss of I�. 14. Loan C�rges. �ettde� m�y ch�� Basrovver fees fc�r services gerf�rmed i.� com�ection �vith Sorrovarer's �efa�lt, €�g t� g�ase of prc��ecCiag Lender°s inrerest in the PraPerEy arc� rigF�is u�r t�is Security In�, i�.c��iiug, t�� cot �i;t� to, atEome3's� �, P��Y �tion and vatvatioa fess. In regard to �y a� f�, t1�e �bsea�e of exgr�s a�fioaity in th� S�evrity I�ment to eE�ge a s�ific fee to Borr�vver sF�at& aot be construed � a proIu'bition on the eh�g of such fee. L.e�er may rrot eharge fees tbat are expressly proIu`t�ited by this Security Insm�mern or by AppIicable Law. If the Loau is subject to a law which sets maximum loan charges, and tt►at law is finally interpreted so that the interest or other loan charges collected or to be colle,cted in conaectian with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduc� by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exc�ded permitted limits will be refunded to Borrower. Lender may choose to make 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 prepayment witbout any prepayment charge (whether or not a prepayment charge is provided for under the Note). Bonower'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 norices given by Bonower or Lender in connection with this Security Instrument must be in writing. .Any notice to Borrower in connection with this S�urity Instnunent sha11 be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other means. Notice to any one Bonower shall constitute notice to a11 Bonowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute norice address by notice to Lender. Borrower shall promptly notify I,ender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Bonower shall only report a change of address through that specified procedure. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-6(NE) 1os�� Page 10 of 15 inhiais: Form 3028 1l01 � � �� �