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201108948
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Last modified
12/1/2011 3:03:44 PM
Creation date
11/30/2011 9:00:15 AM
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DEEDS
Inst Number
201108948
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20��0�9�� <br />dismissed with a niling that, in Lender's judgff►ent, pr�ludes forfeiture of the Property or other material <br />impairment of Lender's inte�est in the Properiy or rights under this Security Instrumen� The proceads of <br />any award or claim for damages that are attnbutable to the impairment of I,ender' s interest in the Property <br />are hereby a�ssign ed and shall be paid to Lender. <br />All Miscellaneous Praceeds that are not applieri to restoration or repair of the Property sha11 be <br />applied in the order provideci for in Section 2. <br />12. Borrower Not Released; Forbe�rance By Lender Not a R'aiver. Extension of the time for <br />payment or modific�tion of amorti�ation of the sums se�ured by this Security Instrument granted by Leader <br />to Borrower or any S�ccessor in Interest of Borrower shall not operate to release the liability of Boaowa <br />or any Successors in Interest of Borrower. Leader shall not be require� to commence pra�edings against <br />any Successor in Interest of Boaower or to refi�se to extend time for payment or othervvise modify <br />amortization of the sums se,cured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of Borrower. Any farbearance by Lender in exercising any right or <br />remedy including, without limitation, Lender' s acceptance of payments from third persons, eatities or <br />Succe.ssors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or <br />preclude the exercise of any right or rem�y. <br />13. Joint and Several Liability; Casigners; Snccessors and Assigns Bonnd. Bosower covenants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, any Boirower who <br />co-signs this Security Instrument but does not exe�ute the Note (a "co-signer"): (a) is co-ai�ing this <br />Security Instcument only to mortgage, grant and convey the co-sigaer' s interest in the Property under the <br />terms of this Security Instrument; (b) is not personally obligated to pay the sums securefl by this Security <br />Instniment; and (c) agrees that Lender and any other Borrower can agree to extend, m,adifY, forbear or <br />make any ac�ommodations with regard to the terms of this Security Tnctrn**��+t or the Note without the <br />co-sigaer' s consent. <br />Subject to the provisions of Section 18, any S�ccessor in Interest of Borrower who assumes <br />Boaower' s obligations under this Se�urity Instrument in writing, and is approved by Lender, sball obtain <br />all of Borrower's rights and benefits under tiris Security Instrument. Bonower shall not be rel� fram <br />Borrower' s obligations and liability under this Sec�rity Instrument unless Lender agrees to such release in <br />writing. The covenants and agre,ements of tUis Security Instcvment shall bind (except as providai in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may chazge Borrower fees for services performed in connection with <br />Borrower' s default, for the purposa of protecting Lender' s interest in the Property and rights under this <br />Security TnQtr„**+e*�_*_� including, but not limitad to, attorneys' fees, properiy inspe�tion and valuation fees. <br />In regard to any other f�s, the absence of express authority in this Security Instrument to charge a specific <br />f� to Borrower sha11 not be const�ved as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by ttris 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 acc�ed the <br />permitted limits, then: (a) any such loan charge shall be reducad by the amount ne�essary to reduce the <br />charge to the permitted limit; and (b) any sums already collected from Bonower which exceaded permitted <br />limits will be refimded to Borrower. Lender may choose to make this refimd by reducing the principal <br />owed under the Note or by making a dir�t payment to Borrower. If a refimd 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 Bonower will constitute a waiver of any right of action Boirower might have arising out <br />of such overcharge. <br />15. Notices. All notices given by Horrower or Lender in connection with this Security Instrnment <br />must be in writing. Any notice to Borrower in conne�tion with this Security Instrument shall be deeme� to <br />have be.en given to Borrower when mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to any one Bonower shall constihrte notice to all Borrowers <br />unless Applicable Law expressly requires otherwise. The notice address shall he the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly <br />notify Lender of Borrower's change of address. If Lende� specifies a procedure for reporting Borrower's <br />cbange of address, then Bonower shall only report a change of address through that specified procedure. <br />2200196725 D v6ANE <br />NEBRASKA - Single Family - Fannle Mae/Freddle Mac UNIFORM INSTRUMENT WRH ER <br />�-6A(Nq Ioato) Paga 10 of 15 ir,�;�g: � �eL Form 3028 1/01 <br />0 <br />
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