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201204288 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 S�urity Instrument granted by Lender to Bonower or any Successor in Interest of Borrower shall not operate to release the liability of Bonower or any Successors in Interest of Bonower. 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 amortiza.tion of the sums secured by this Security Instrument by reason of any demand made by the original Bonower or any Successors in Interest of Bonower. Any forbearance by Lender in exercising any right or remedy including, without limitarion, Lender's acceptance of payments from third persons, entities or Successors in Interest of �nower or in amounts 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 agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instnunent but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligateri to pay the sums s�ured by this S�urity Insmiment; and (c) agrees that Lender and any other Borrower can agre� 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. Subj�t to the provisions of Section 18, any Succzssor in Interest of Bonower who assumes Borrower's obligations under this Security Insm�ment in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. �rrower shall not be released from Borrower's obligations and liability under this S�urity Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as providerl in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Bonower fces 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, attorneys' fees, properiy insp�tion and valuation fees. In regazd to any other fees, the absence of express authoriry in this S�urity Instrument to chazge a specific f� to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge f�s that are expressly prohibiterl by this S�urity Instrument or by Applicable Law. If the Loan is subj�t to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loatt charges collected or to be collected in conn�rion with the Loan exc.ee�i the permitte� limits, then: (a) any such loan charge shall be reduced by the amount necessary to rerluce the charge to the permitted limit; and (b) any sums already collected from Bonower which excceded permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed under the 1Vote or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be tr� as a partial prepayment without any prepayment chazge (whetl�er or not a prepayment charge is provided for under the Note). Bonower's acceptance of any such refund made by direct payment to Bonower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Natices. All norices given by Bonower or Lender in connection with this Security Instrument must be in writing. Any notice to Bonower in conn�rion with this Security Instrument shall be deemed to have b�n given to Borrower when mailed by first class mail or when actually delivered to Borrower's norice address if sent by other means. Notice to any one Borrower shall constitute notice to all Bonowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Bonower has NEBRASKA-Single Family-Fennie Mae/Freddle Mac UNIFORM INSTRUMEM VMP � Walters Kluwer Financial Services Fom, aoza � ro� VMP6INE) (1105) Page 11 of 17 k � s $ "�' 'S ' , � a p �!'"� ��