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20120254� All Miscellaneous Proceeds that a.re not applied to restoration or repair of the Property shall be applied in the order provided for in Secrion 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower sha11 not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Boaower or any Successors in Interest of Borrower. Any forbearaace by Lender in exercising any right or remedy including, without limitarion, Lender's acceptance of payments from third persons, enrities or Successors in Interest of Borrower or in amounts less than the amount then due, shaU not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Succ�sors and Assigns Bound. Borrower covenants and agrees that Borrower's obligarions and liability sha11 be joint and several. However, any Borrower who casigns this Security Instrument but does not execute the Note (a "casigner"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the casigner's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by tUis Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make aay accommodations with regard to the ternis of ttris Security Inshr�meat or the Note without the casigner's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, sha11 obtain a11 of Borrower's rights and benefits under this Security Instrument. Boaower sha11 not be released from Bonower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants aad agreements of this Security Instrument shall bind (except as provided in Secrion 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attomeys' fees, property inspection and valuation fees. In regazd to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower sha11 not be conshued as a prolubition on the charging of such fee. Lender may not charge fees that aze expressly prohibited by tUis Security Instrument or by Applicable Law. If the Loan is subject to a law wluch sets maxit loan charges, aad that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by maldng a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment char�e (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Bonower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connectiott with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Inslrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall conskitute norice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Properiy Address unless Borrower has designated a substitute notice address by nodce to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower sha11 only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice ia connection with tlus Security Instrument shall not be NEBRA3KA-Single Family-Fannie MaelFreddle Mac UNIFORM INSTRUMENT wlth MERSForm 3028 1/01 � Page 9 of 18 � ios, i�c. Borrower(s) In(Ual �