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201206757 12. Borrower IVot Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortizarion of the sums secured by this Security 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 Borrower. Lender shall not be required to commenc� proceedings against any Suacessor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizarion of the sums secured by this Security Insttvment by reason of any demand made by the original Borrower or any Successors in Interest of Bonower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, enrities or Successors in Interest of Bonower 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. Bonower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instn�ment only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Se�urity Instrument; (b) is not personally obligated to pay the sums se�ureri by this Se�uriiy Instrument; and (c) agr�s that Lender and any other Borrower can agr� to extend, modify, forbear or make any accommodations with regazd 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 Successor in Interest of Borrower who assumes Borrower's obligations under this S�urity Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Se�urity Instrument. Borrower shall not be released from Bonower's obligarions and liability under this Security Insmxment unless Lender agr�s to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in S�tion 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Bonower fees 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 Security Instrument, including, but not lunited to, attorneys' fees, property inspection and valuarion fces. In regard to any other fees, the absence of express authority in this Security Insmiment to charge a specific f� to Bonower shall not be construed as a prohibition on the chazging of such fee. Lender may not charge fees that are expressly prolubited by this Security Instrument or by Applicable Law. If the Loan is subj�t to a law which sets maximum loan chazges, and that law is finally interpretefl so that the interest or other loan chazges collected or to be coll�ted in connection with the Loan exceed the pernutted limits, then: (a) any such loan charge shall be reduced by the amount n�essary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded peimitted limits will be refundefl to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will he treated as a partial prepayment without any prepayment charge (whether or not a prepaymern charge is provided for under the 1Vote). Borrower's acceptance of any such refund made by direct paymern to Bonower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in conn�tion with this S�urity Instnunent must be in writing. Any norice to Bonower in conn�tion with this S�urity Instrument shall be deemed to have b�n given to Bonower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Norice to any one Bonower shall constitute notice to all Bonowers unless Applicable I.aw expressly requires otherwise. The notice address shall be the Property Address unless Borrower has NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP p Wokers Kluwer Financial Services Fom, so2a �ro� VMP81NE) (1705) Page 11 of 17