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201205884 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of tile time for payment or modificalion of amortization of the sunis 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 Borrower or my 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 ofthe surns secured by (his Security Instrument by reason of any dentural made by the original Borrower 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 Borrower or fit amounts less than itic arnount then due, shall not be a walver of or preclude the exercise of any right or remedy. 1 3� 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 Qo-signs this Security 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 tinder the terms of this Security Instrument; (b) is not personally obligated to pay the sums Secured by this Security Instrument; and (c) agrees (fiat 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 Colusent. Subject. to the provisions of Section 18, ,my Successor in Interest of Borrower who assurocs Borrowei's obligations tinder this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations in(] liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 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 (he purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not Ifirrited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority fit this Security Instrument to charge a specific fee to Borrower shalt not be construed as a prohibition on the charging of such fee, Lender may not charge fees thal. are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected it) connection with the Loan exceed the permitted lirnius, then: (a) my such loan charge shall be reduced by the arriount necessary to reduce the charge to the permitted limit; and (b) any sunis 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 making a direct payment to BorrowQi. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or uot a prepayment charge is provided 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 overchai goe, 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class until of when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers Unless Applicable Law expressly requires otherwise. Thu notice address shall be the Property Address unless Borrower has 24001153 NEBRASKA-Shiqla Faimlly-Fann[o Mae/Froddlo Moo UNIFORM INSTRUMENT Form 302,81 1/0 VMP (!� VMP6(NE) 0, W,]V,ro Kl�,,w Flw.ld P,,,� 11 �r 17