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201106590
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Last modified
9/14/2011 12:36:46 PM
Creation date
9/6/2011 9:24:50 AM
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DEEDS
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201106590
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201146590 <br />Security Instrument whether or not the sums are then due. <br />If the Property �s abandoned by Borrower, or i� after notice by Lender to Borrrower Y,hat the Opgosimg <br />Party (as defined in the next sentence) offers to make an award to settle a claim for damages, Bonower fails to <br />respond to Lender within 30 days after the date the notice is given, Lender is authorized fio collect and apply <br />the Miscellaneous Proceec)s eifiher to restoration or repair of the Property or to the sums secured by this <br />Security Instrument, whether or not then due. "Opposing Party" means the third party that owes Borrower <br />Miscellaneous Proceeds or the party against whom Borrawer has a right of action zn regard to Miscellaneous <br />Proceeds. � <br />Borrower shall be in default if any action ar pxoaeeding, whether ci`tiI or criminal, is begun that, in <br />Lender's judgment, could result in forf�iture of the Property or other material i.mpa,irment of Lender's interest <br />in the Properiy ar rights under this Security Instrument Borrower cen cure snch a default and, if acceleration <br />has oceurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a <br />ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impaixment of <br />Lender`s interest in the Properly or rights under this Security Instrumen� The proceeds of atty award or claim <br />for damages that are atiributable to the impaurnent of Lender's interest in. the Property are hereby assigned and <br />sha11 be paid to Lender. <br />All Miscellaneous Pxoceeds that are not .applied to restoration or repair of the Property sha11 be applied in <br />the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance �y Lender Not a Waiver. Extension of the time for payment <br />or madification af amorti.zati�n of the .sums secured by this Seci.mty Instavment �anted. by Lender to <br />Borrower or any Successor in Jnterest of Borrower shal.l not operate to release the IiabiIity of'Borrower or any <br />Successors in Tnterest of Borrower. Lender shall not be required to commenoe proceedings against anY <br />Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortzzation of <br />the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any <br />Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, <br />without limitatian, Lender's acceptance of payments from third gersons, entities or Successors in Interest of <br />Bonower ar in amounts Iess than the amaunt then dus, shall not be a waiver of or precluda tha exercise of auy <br />right or remedy. � <br />13. Joiut and Several Liability; Co-signers; Successors and Assigns Bouncl. Borrower covenants and <br />agrees that Borrower's obligations and liability shall be joint and severel.� However, any Borrower who <br />co-signs this Security Insixument but does not execute the Note (a "casigner"): (a) is co-signing this Security <br />Insiruznent only to mortgage, grant and convey the casigner's interest in the Property under the terms of this <br />Security Instrument; (b) is not personally abligated to pay the sums sec�ed by this 3ecutity Instrument; aad <br />(e) agrees that Lender and any other Borrower can agree to extend, moclify, forbear or malce any <br />accommodaxions with regard to the terms of this 3ecurity Instrument or the Note without the oo-signer's <br />consent <br />Subject to the provisions of Section 18, any Successor in Interest of Bozrower who assumes Borrower's <br />obligations under this Security Insfxumeat in writiag, and is approved by Lender, shall obtain a11 of <br />Borrower's rights and benefits uncler this Security Instrument. Borrower sha11 not ba released from <br />B4rrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agreements of fihis 5eeurity Instrument shall bind (exeept as provided in Section <br />20) aud benefit fhe successors and assigns of Lenfler. <br />34. Loan Charges. Lender may charge Borrower fees for services perfarmed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under f.his <br />Security Inshument, including, but not limited to, attorneys' fees, propeiiy inspec�ion anct valuation fees. In <br />regard to any other fees, the absence of express authority in this Security.Insfiunent to charge a specific fee to <br />Borrower shall not be construed as a prohibition on the charging of such fee. I.ender ma.y not charge fees that <br />are expressly prolubited by this Security Instrument or by Applicable Law. <br />If the Loan is sub3act to a law which sets maximum loan charges, sud that law is finally interpreted so tltat <br />the interest or other loan charges collected or to be collected in connectian with the Loan exceed the permitted <br />linaits, then: (a} any such loan chazge sha11 be reduced by the amount necessary to reduce the charge to the <br />germitted limit; and (b} any sums already collected from Borrower which exceeded permitted limits will be <br />refunded to Borrower. Lender may choose to make this refund by reduciag the principal owed under the Note <br />or by making a direct paymen# to Borrower. If a refund reduces principal, �the reduction wi�i be treated as a <br />partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under <br />MEBRASKA- Siagle Pamity - FannleMaelFreddleMac UNIF�RMI INSTRUAl1EN1T <br />Fortn 30281f�1 . <br />Laser Forms tr�. {80D) 948 ,�,�� �� y_ <br />t.�1�FNMAao28 4ro2 !'age9 of13 Initials: _�..�� _..J�T <br />
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