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201105009
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Last modified
9/14/2011 12:26:56 PM
Creation date
7/8/2011 9:02:10 AM
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DEEDS
Inst Number
201105009
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2o�io5oo9 <br />any award or clairn 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 restoraxion or repair of the Property shall be applied <br />in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time for <br />payment or modification of amortization of the sums secured by this Security Instrument granted by <br />Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of <br />Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings <br />against any Successor in Interest of Borrower 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 <br />original Bonower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising <br />any right or remedy including, without limita.tion, Lender's acceptance of payments frorn third persons, <br />entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be <br />a waiver of or preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower <br />covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any <br />Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is <br />co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the <br />Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums <br />secured by this Security Instrument; and (c) agrees that Lender and a.ny other Borrower can agree to <br />extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument <br />or the Note without the co-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's <br />obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of <br />Bonower's rights and 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 <br />in 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. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument, including, 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 Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not <br />charge 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 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 chaxge 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 refunded to Bomower. Lender may choose to make this refund by reducing the principal <br />dwed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the <br />NEBRASKA-Single Family-Fannie Mae/Fretltlie Mac UNIFORM INSTRUMENT �� � �L � Fortn 30 8�1/01� <br />VMP� <br />Woiters Kluwer Flnandal Services 201106104.0.0.0.4002-J20101203Y Initlals: Page 11 0117 <br />4 <br />
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