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201201254 12. BorrowerNot Released;ForbearanceBy LenderNot a Walver. Extension of the time for payment or modi6cation of amortization of the swns secared by this Security Inahwuent granted by Lender toBorrower or any Successor in Interest of Borrower shall not operate to�etease the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be rec{uired to commence proceedings against any 5uccessor in Interest of Borrower or to reCuae to extend time for payment or othenvise modiCy amortization of tbe sums secured by this Security Insttument by reason of any demand made by the original Bonower rn any Successors in Interest of Borrower.Any forbearance by Lender in exercising any right br remaly including, without limitafion, Lender's acceptanco of payments &om tlilrd persons,entities or Successors in Interest of Borrower or in amounts less than the amount then due,ahall not be a waiver of or preclude tbe exercise of any right or remedy. 13. Joint and 3everal Liabitlty;Co-signers;Successorsand AssignsBound.Bonower covenants and agrees that Bornower's obligations and liability sha116e joint and several. However, any Borrower wha co-signs this Security Instnxment but does pot execute the Note(a "co-signer"); (a}is co-signing this Security Instrument only to mortgage, grant and convey the co-sigrier's interest in the Property under the terms of this Security Instniment; (b) is not pereonally obtigated to pay the sums secured by this Security Instrument; and (c)agrees that Lender and any other Borrower can agree to extend,modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. , � . -� � Subject to the provisions of Section 18, any Succeasor in Interest of Borrower who assumea Borrower's obligations under this Security Instrument in writing,and is approved by Lender,shall obtain all of Borrower's rig6ts and bene6ts mder this Security Instrument. Borrower s6all not be released from Borrower's obligations and liability under this Security Inshvtnent unless Lender agrees to such release in writing.The covenants and agreements of this Security Instrumeut shall bind(except as provided in Section 20)and benefit the successors and assigns of Lender. 14. Loan Charges.Lender may chazge Borrower fees for services paformed in connection with Boxrower's default, for the purpose of protecting Lende�'s interest in the Properly and rights under this Secwity Instrument, including,but not limited to, attorneys' fees,property inspection and valuation fees.Tn regard to any other fees,the absence of express authority in this Security Instrument to charge a speci6c fee to Borrower sLall mt be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohi6ited by this Security Insq2unent or by Applicabte Law. If the Loatt is subjecf to a law which sets maximum loan charges,and that law is fwally interpreted so that tbe interest or other loan charges collected or to be collected in conneetion with the Loan exceed the permitted limits,then: (a) any such loan c6arge shatl be reduced by the amount necessary to reduce the charge to the permitted limit; and (b)any sums already collected &om Borrower which excecded permitted limits will be refunded to Borsower.Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces pnncipal,the reduction will be treated as a partial prepayment without any prepayment c6arge(whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made 6y direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overoharge. 15. Notiees.Al1 notices givenby Borruwer or Lender in connection with[his 5ecurity Instnunent muet be in writing. Any notice to Boxrower in conuection with this 5ecuriTy Instrnment shall be deemed to have been given to Borrower when mailed 6y firet class mail or when actuslly delivered to Borrower's notice address if sent by ot6er means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires othenvise. The notice addtess shall be the Property Address unless Borrower has NEBRASKASinflle Family-Fannia Mae/Fretltlie Mac UNIFORM INSTRUMENT � �Fortn 30281/O7 � � VMP� � VMPB�NE)(1106).00 Woltars Kluaer Finenciel Services . , Page 11 of t7 � . � � � � . � n � _- I"� � �