Laserfiche WebLink
20�10475� <br />accelera.tion has occurred, reinsta.te 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 Properiy or rights under this Security Instrument. The proceeds of <br />any awazd or claim for damages that are attributable to the impairment of Lender's interest in the Properiy <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 foz <br />payment or modification of amortization of the sums secured by this Security Instrument granted by Lender <br />to Borrower or any 5uccessar in Interest of Borrower shall not operate to release the liability of Barrower <br />or any Successors in Interest of Borrower. Lender shall not be required to commence 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 Instrumeut by reason of any demand made by the original <br />Borrower or any Successors in Interest of Borrower. An.y forbearance by I,�nder in exercising any right or <br />remedy including, without limitation, Lender's acceptance of payments from third gersons, entities or <br />Successors in Interest of Bortower or in amounts less than the amount then due, shall not be a waiver of or <br />preclude the exercise af any right or remedy. <br />13. Joint and 5everal Liability; Co-signers; Successors and Assigns Bound. Borrower covenants <br />and agrees that Bonower's obligations and liability shall be joint and several, However, any Bortower who <br />co-signs this 5ecurity 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 Instrument; (b) is not personally obligated to pay the sums secured by this 5ecurity <br />Inshvment; and (c) agrees tha.t Lender and any other Bortower can agree to extend, modify, forbear or <br />make any accommodations with regard to the terms of this Security Instrument or the Note without the <br />co-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Bonower who assumes <br />Borrower's obligations under this Security Inst=ument in writing, and is approved by Lender, shall obtain <br />all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from <br />Bonower's obligations and liability under this Security Instrument unless L.ender agrees to such release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except as provided in <br />Section ZO) and benefit the successors and assigns of L.ender. <br />14. Loan Charges. Lender ma,y charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Properly and rights under this <br />Security Instcv.ment, including, but not limited to, attorneys' fees, properly inspection and valuation fees. <br />In regazd to any other fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition an the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this 5ecurity Instrument or by Applicable Law. <br />If ttie Loan is subject ta a law which sets maximum loan charges, and that law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted <br />limits will be refundeci to Borrower. Lender may choose to make this refiund by reducing the principal <br />owed under the Note or by maldng a direct payment to Borrowez. If a refund reduces principal, the <br />reduction will 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 Bortower will constitute a waiver of any right of action Borrower might have arising out <br />of such overcharge. <br />15. Notic�. All notices given by Borrower or Lender in connectian with this Security Instrument <br />must be in writing. Auy notice to Borrower in connection with this Security Instrument shall be deemed to <br />have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers <br />unless Applicable Law expressly requires otherwise. The notice address shall Ue the Property Address <br />unless Borrower has designa.ted a substitute notice address by notice to Lender. Borrower shall prompfly <br />notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's <br />change of address, then Borrower shall only report a cbange of address through that specified procedure. <br />NEBRASKA - Single Family - Fennie Mae/Fr�ddie Mac UNIFORM INSTRUMENT <br />�-6(NE) loe� � 1 Paga 10 of 16 �n�tie�s: Form 3Q28 1/01 <br />