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201105464
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Last modified
9/14/2011 12:30:08 PM
Creation date
7/26/2011 10:12:57 AM
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DEEDS
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201105464
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20�10546� <br />disxnissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />impaument 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 �ttributable to the impairment of Lender' s interest in the Property <br />are hereby assigned and sha11 be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property sha11 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 amortizaxion of the sums secured by this Security Instrument granted by Lender <br />to Borrower or any Successor in Interest of Bonower sha11 not operate to release the liability of Bonower <br />or any Successors in Interest of Borrower. Lender sha11 not be required to commence proceedings against <br />any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify <br />amortiration of the sums secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of Bonower. Any forbearance by Lender in exercising any right or <br />remedy including, without lixnitation, Lender' s acceptance of payments from third persons, entities or <br />Successors in Interest of Bonower or in amounts less than the amount then due, sha11 not be a waiver of or <br />preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Snccessors and Assigns Bound. Bonower covenants <br />and agrees that Bonower's obligations and liability shall be joint and several. However, any Bonower who <br />casigns this Security Instrument but does not execute the Note (a co-signer ): (a) is co-signing this <br />�� �� <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 Security <br />Instrument; and (c) agrees that Lender and any other Bonower can agree to extend, modify, forbear or <br />make any accomxnodations 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 Borrower who assumes <br />Bonower' s obligations under this Security Instrument in writing, and is approved by Lender, sha11 obtain <br />all of 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 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. Loan Charges. Lender may charge Bonower fees for services performed in connection with <br />Bonower' s default, for the purpose of protecting Lender' s interes�t in the Property and rights under this <br />Security Instrumerrt, including, but not limited to, attomeys' 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 charge <br />fees that aze expressly prohibited by this Security Insttument 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 etcceed the <br />permitted limits, then: (a) any such loan charge sha11 be reduced by the amount necessary to reduce the <br />charge to the permitted limit; and (b) any sums alrea.dy collected from Bonower which exceeded permitted <br />limits will be refunded to Bonower. 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 will be treated as a partial prepayment without any prepayment charge (whether or not a <br />prepayment charge is provided for under the Note). Bonower' s acceptance of any such refund made by <br />direct payment to Borrower will constitute a waiver of any right of action Bonower might ha.ve arising out <br />of such overchazge. <br />15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument <br />must be in writing. Any norice to Bonower in connection with this Security Instrument shall be deemed to <br />have been given to Bonower when mailed by first class mail or when actually delivered to Bonower' s <br />notice address if sent by other means. Notice to any one Borrower sha11 constitute notice to a11 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. Bonower sha11 promptly <br />notify Lender of Borrower' s change of address. If Lender specifies a procedure for reporting Bonower' s <br />change of address, then Bonower sha11 only report a change of address through that specified procedure. <br />2200093902 D V6ANE <br />NEBRASKA - Single Femily - Fannle Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS <br />�-BA(NE) f0610) Page 10 of tb Inkials: Form 3028 7/01 <br />� <br />
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