201105692 - Laserfiche WebLink

Browse

�0�1�569� acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other ma.terial impairment of Lender's interest in the Properiy or rights under this Security Instniment. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property aze hereby assigned and shall be paid to Lender. All Miscellaueous Praceeds that are not applied to restoration or repair of the Properly sha11 be applied in the order provided for in Secrion 2. 12. Borrower Not Released; Forbearance 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 Bonower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortizarion of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbeazance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entiries or Successors in Interest of Borrower or in amounts less than the amount then due, sha11 not be a waiver of or preclude the exercise of any right or remedy. 13. J'oiut and Severat Liability; Co-signers; Successors and Assigc�s Bound. Borrower covenants and agrees tha� Boraower's obligativns and liability shall be joint and seuerai. However, any Bonower who co-signs this Security Inst�vment but does not execute the Note (a "co-signer"): (a) is co-sigai.ng this S�urity Instrut�ent only to mortgage, grant and convey the co-sigIIer's interest in the Property under the terms of this Security Instrument; (6) is not personally obligated to pay the sums secured by this Seeuriry Instrument; agd (c) agrees tkat I.�nder and any other Borrower cas agree to extend, modify, forbear or matce any accammottations with regard to the ter� of this Seeurity l'nstrument or the Note withaut the co-signer's consent. 5ubject to the provisions of 3ection 18, any Successor in Interest of Borrower who assume� Bonower's obligations under this Security Instrument in writing, and is approv� by Lender, shall obtain alI of BorrQwer's rights and benefits under this Security Instrument. Borrov�er shall not be released from Bonower's ohligations and liability uncier this Security Instrument untess Lender agrees to such reIease iu writing. The cover►ants and agreements of this Security Instrument shatI bind (except as provided in S�tion 20) and be�efit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Bonower fees for services performec� in connection with Borrower`s default, for the purpose of protecting Lender's interest in the Property and rights under this. Security 1n�tn�,,,en�, including, but not limited to, attomeys' fees, pmperty inspectio�t and vatuarion f�s. In regarc� to any ottier fe,es, the absence of express authority in this Security Instivment to charge a speeific fee to Borrower shall not be construed as a prohibition on the charging of such fce. Lender may not charge fees thax are expressly prohibited by this Security Instnunent or by Applicable Law. If the Loan is subject to a law which sets m�imum loan charges, and that law is finally interpreted so that the inierest or other loan charges coll�ted or to he collected in connecrion with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Bonower. Lender may choose to make this refun� by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment chazge (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 acrion Bonower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any norice to Borrower in connection with this 5ecurity Instrument sha11 be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall consritute norice to all Bonowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Bonower has designated a substitute notice address by notice to Lender. Bonower shall promptly notify Lender of Bonower's change of address. If Lender specifies a procedure for reporting Bonower's change of address, then Borrower sha11 only report a change of address through that specified procedure. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B(NE) (0811) Page 10 of 15 Initials: Form 3028 1/01 � � �