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20120�0�4 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 Bonower or any Successor in Interest of Bonower shall not operate to release the liability of Bonower or any Successors in Interest of Borrower. Lender shall not be required to commence proccedings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortizarion of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any 5uccessors 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 Borrower 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 �vho co-signs this Securiry 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 Instr�ment; (b) is not personally obligated to pay the sums s�ured by this S�uriry Instrument; and (c) agr�s that Lender and any other Bonower 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. Subject to the provisions of Section 18, any Successor in Interest of Bonower who assumes Bonower's obligations under this Security Instivment in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this S�urity Insttvment. Borrower shall not be released from Borrower's obligations and liabiliry under this Security Instrument unless Lender agrees to such release in writing. The covenants and agr�ments of tlus S�urity Instnunent 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 conn�rion 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 limitefl to, attorneys' f�s, property inspecrion and valuation fees. In regard to any other fces, the absence of express authority in this S�urity Instrument to chazge a sp�ific f� to Bonower shall not be construed as a prohibition on the charging of such fe,e. Lender may not chazge fces that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maYimum loan charges, and that law is finally interpreted so that the interest or other loan charges coll�ted or to be coll�ted in conn�tion with the Loan exceed the permitted limits, then: (a) any such loan chazge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already coll�ted from Borrower which exc�ed permitted limits will be refunded to Bonower. 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 treatefl as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by dir�t payment to Bonower will consritute a waiver of any right of acrion Borrower might have arising out of such overcharge. :, 15. Notices. All notices given by Borrower or Lender in connection with this.Security Instrument must be in writing. Any notice to Borrower in connecrion with this Security Instrument shall be deemed to have been given to Bonower when mailed by first class mail or when actually delivered to Bortower's notice address if sent by other means. 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 Famlly-Fannie Mee/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/07 VMP Q VMPB(NEI (7105) Wolters Kluwer Financial Services Page 11 of 17