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20120719� 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modificarion of amortization of the sums secured by this Se,curity InstYVment granted by Lender to Bonower or any Successor in Interest of Bonower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proc,eedings 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 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, entiries 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. Borrower 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 S�urity 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 gersonally obligate� to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agr� to extend, modify, forbeaz or malce any accommodations with regazd to the terms of this S�urity Instrument or the Note without the co-signer's consent. Subj�t to the provisions of Section 18, any Successor in Interest of Bonower who assumes Borrower's obligations under this Se�urity 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 release�l from Borrower's obligarions and liability under this Security Instrument 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 protecting Lendez's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fees, properiy inspection and valuation f�s. In regazd to any other f�s, the absence of express authority in tYus Security Instrument to chazge a sp�ific fee to Borrower shall not be construed as a prohibirion on the charging of such f�. Lender may not charge fees that aze expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subje�t to a law which sets maximum loan chazges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan chazge shall be reduced by the aznount necessary to reduce the chazge to the permitted limit; and (b) any sums already collected from Borrower wluch exceeded permitted limits will he refunded to Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by maldng a dir�t payment to Borrower. If a refund refluc� principal, the re�luction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Bonower'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 overchazge. 15. Notices. All norices given by Bonower or Lender in connection with tlus Security Instrument must be in writing. Any norice to Borrower in conn�tion with this Security Instrument shall be deemed to have be�n given to Bonower when mailed by first class mail or when actually delivered to Bonower'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 Borrower has NEBRASKA-Single Family-Fannle Mae/Freddie Mac UNIFORM INSTRUMENT VMP p Wolters Kluwer Financial Services Fom, so2a �ro� VMPBINE) (1105) Page 11 of 17