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20120454� 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 shall not operate to release the liability of Bonower or any Successors in Interest of Bonower. Lender shall not be required to commence procee�ings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortization of the sums s�ured by this Security Instrument by reason of any demand made by the original Bonower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Bonower or in amounts less than the amount then due, shall not be a waiver of or pr�lude 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 Bonower who co-signs this S�urity Instrument 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 obligated to pay the sums secured by this Security Instnrment; and (c) agre�s that Lender and any other Bonower can agree to extend, madify, forbear or make any accommodations with regazd to the terms of this Se,curity Instrument or the Note without the co-signer's consent. Subj�t to the provisions of Secrion 18, any Successor in Interest of Bonower who assumes Bonower's obligations under this Se,curity Instrument in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under this Security Instrument. Borrower shall not be released from Bonower's obligations and liability under this Security Instrument unless Lender agr�s to such release in writing. The covenants and agreements of this Security Insmiment shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Bonower fe�s for services performed in connection with Borrower's default, for the purpose of prot�ting Lender's interest in the Property and rights under this Se�urity Instrument, including, but not limited to, attomeys' f�s, property insp�tion and valuation fe�s. In regazd to any other fees, the absence of express authority in this Se�urity Instnunent to charge a spe�ific fe� to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge f�s that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subje.ct to a law which sets maximum loan charges, and that law is finally interprete� so that the interest or other loan charges collected or to be coll�ted 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 coll�ted from Bonower which exceeded permittefl limits will be refunded to Borrower. 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 reriuces principal, the reduction will ,be treated as a�artial prepayment without any prepayment charge (whether or not a prepayment charge is providerl for under the Note). Borrower's acceptance of any such refund made by direct payment to ',Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. 'Notices. All notices given by Bonower or Lender in connection with this Security Insmiment must be in writing. Any notice to Bonower in connection with this Security Instivment shall be d�med to have been given to Bonower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other m�c. Notice to any one Bonower shall constitute notice to all Bonowers unless Applicable 'Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has NEBRASKA-Single Fam(ly-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP p Wolters Kluwer Financiel Services Fom,sozs iro� VMP6(NE) (1105) Page 11 of 17 4