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201200890 12. Borrower Nat Released; Forbearance By Lender Not a Waivec Extension af the timc for payment or modification of aznortization of the suxns secured Uy this Securiry Instruinant granted by Lender to Borrower or any 5uccessor in interest of Barro�ver shall not operate to release the liability af Borrower or any Successors in Interest of Iiorrower. Lcnder shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extznd tune for payment or otherwise modify amortization of the sums secured Uy this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Ang forbearance by Lender in�ercising any right or remedy including; u�thout limitation, Lender's acccptance of payments from third persons, entifies or Succcssors in Interest of Borrower or in atnounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agees thaY Borrower's obligaGions znd liaMlity shall be joint and several_ However, any Bo�owe�who co-signs this Security Tnsmunent but does not eYecutc the Note(a"co-si�er"): (a) is co-signing tt,is Security Instnunent only to mortgage, gant and convey the co-signer's interest in lhe Yroperty under the tenns of tUis Security Tilstrument; (b) is not personally obligated to pay the sums sec�ed by this Security Instrument; and(c) aerees that Lender and any other Borrower can agee to extend, modify, fortieaz or make any accommodations with regard to the terms of this Security Inshument or the Note without the co-signer's conscnt. Subject to the y�rovisions o£Section 1.8, any Successor in Intcrest of Borromer R�ho assumes Barrower's obligatioiLS under this Security InStrumen[in�7iting�, and is approced by Lendcr, shall obtain all of Borrower's rights and benefits under tlus Security InstrumenL. Borro�ver shall not be released froin Borrower's obli�ations and liability under this Security IiLStnunent unless Lender agrees to such release in writ�ng. The covenants and agreements of tliis Secm-ity insinunent shall bind(escc�pt as provided in Section 20) and benefit thc succ�sors and assigns of Lender. 7 4. Loan Charges. Lender may charge Boaower fees for services performed in connection vnth Borrower's default for the purpose of protecting Lender's interest in the Property and rights under tlus Secucity Instrmnent, including, but not limited to, aLtomeys fees, property inspection uid valuation fees. In regard to any other fces, fhe absence of express authority in this Security Instrument to charge a spec,7fic fce fo Borrower shall not be conshued as a prohibition on the chazging of such fee. Lcnder mav not charge ieeg that aze expressly prolubited Uy khis Secusity Instrument or by Applicable Iaw. If the Loan is subject to a law which sets�imt�m loan charges, arcid that law is finally Iuterpreted so that the inkerest or other loan cl�arges collected ox to be collected in connection with the Loan exceed the permitted lunits, then: (a) any such loan charge shall be reducul by the ainount neczssary to reduce the chazge to the permitLed lunit; and(b) any sums already collected from.k3orro�er which exceeded permitted limits will be refunded to Borrower. Lcnder may choose to make this refund by reducing the principal owed un�icr the Note or by mal�ing a direct paymenk to Bon-ower. If a refund raduces principal, the reduction will be treated as a partial prepayment without any prepayment charge(whether or not a prepayme,nt chazge is pmvided for tander the Note). Borrower's acceptance of any such refund made by direct paym2art Yo Borrower will constitute a waiver of any right of action 13orrower inight have azising out of such overcharge. 15. Notices. A11 notices given by Boirower or Lender in c,ronnect�on witli rliis Security Inshument must be in wriring. Any notice to Bonower in connection w-ith this Security Instnunent shall Ue dceined to have been �iven to Boxrower when mailed by fast class mai] or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Boirower shall cons�titute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Bormwer has 29000t94 N�RASKn-Single Fzmily-Fannie MaelFreddie PAac UNIF0�.1 INSTRUME7JT Farm 3028 1/01 vNa� � v�PS(NE)(i ia5) N/oiters Kl�wer Finanpal Se�vices Page1� of1]