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201108217
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201108217
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Last modified
12/1/2011 3:04:18 PM
Creation date
11/1/2011 4:20:38 PM
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DEEDS
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201108217
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2U1108217 <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums secured by this Security Instrument granted by Lender to Bonower <br />or any Successor in Interest of Bonower shall not operate to release the liability of Bonower or any <br />Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any <br />Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortization <br />of the sums secured by this Security Insmament by reason of any demand made by the original Borrower or <br />any Successors in Interest of Bonower. Any forbearance by Lender in exercising any right or remedy <br />including, without limitation, Lender's acceptance of payments from third persons, entiries or Successors in <br />Interest of Bonower or in amounts less than the amount then due, shall not be a waiver of or preclude the <br />exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and <br />agrees that Bonower's obligarions and liability sha11 be joint and several. However, any Bonower who <br />co-signs this S�urity 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 5�urity Instrument; (b) is not personally obligatefl to pay the sums s�ured by ttus Se�urity <br />Instrument; and (c) agrees that Lender and any other Bonower can agree to extend, modify, forbear or make <br />any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's <br />cflnsent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's <br />obligations under this S�urity Insm�ment in writing, and is approved by Lender, shall obtain all of <br />Borrower's rights and benefits under this Security Insmiment. Bonower shall not be released from <br />Bonower's obligarions and liabiliry under this Security Instrument unless Lender agr�s to such release in <br />writing. The covenants and agreements of this S�urity Instrument shall bind (except as provided in Seetion <br />20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Bonower fces for services performed in connecrion with Borrower's <br />default, for the purpose of protecting Lender's interest in the Properiy and rights under this Security <br />Instnxment, including, but not limited to, attomeys' fees, property insp�tion and valuation fees. In regard to <br />any other fees, the absence of express authority in this Security Instnunent to charge a sp�ific f� to <br />Borrower shall not be construed as a prohibirion on the charging of such f�. Lender may not charge fees <br />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 chazges, and that law is finally interpreted so that <br />the interest or other loan charges coll�ted 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 colle�ted from Borrower which excceded permitted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed <br />under the Note or by making a direct payment to Bonower. If a refund refluces principal, the reduction will <br />� tre�ted as a partial prepayment without any �repayment chazge (whether or not a prepaymern charge is <br />providefl for under the Note). Borrower's acceptance of any such refund made by d'uect payment to <br />Borrower wili constitute a waiver of any right of acrion Borrower might have arising out of such overcharge. <br />15. Natices. All notices given by Bonower or Lender in connection with this Security Insnvment must be in <br />writing. Any notice to Bonower in connecrion with this S�urity Instrument shall be deemed to have been <br />given to Bonower when mailed by first class mail or when actually delivered to Bonower's norice address if <br />sent by other means. Notice to any one Bonower shall constitute norice to all Borrowers unless Applicable <br />Law expressly requires otherwise. The norice address shall be the Properly Address unless Bonower has <br />NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 <br />VMP Q VMP8INE) (1105) <br />Wolters Ktuwer Financlal Serv(ces Page 11 of 17 <br />�cz � , � � � �� <br />
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