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201207612 12. Borrawer Not Released; Forbearance By Lender Not a Waiver. �xtension of the time for paymeat or modificarion of amortization of the sums secured Uy this Security Instrument grantcd by T,ender to Rorrowes ar any Successar in Interest of BorrowFs shall not Operate to xelease the liabxliEy of Bosower or any Successors in Interest of Borrower. Lend� shall not be required to conunence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment qr otherwise modify amortization of the sums secured by thzs Security Instrument by reason of any demand madc by the original Borrower or any Succzssors in Interzst of Borrower. Any forbearance by Lender in exercising any right �r remedy ineluding, witl�out limitek3on, Lznder's acceptance of paymeni�s froin third persons, entities or Successors 3n Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exPacise of any right or ramedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns 6ound. Borro��er covenants and agrees that Borrower s obligarions and liability st�all be joint and several. However, any Borrower wh0 co-signs this Security Instnunent but does not executc the Note(a"ca-signer"): (a) is co-sigung this Security Instrument only to morfgage, grant and convey the co-signer's interest in the Pxoputy under the t�*ms of this Security Instrument; (b) Is not personally obligaTed to pay flie sums secured by 4ue Security Instrument; and{c) agrees that Lendcr and any other Borrower can agree ta extend, modify, foxbeaz or make auy accornmodations with regard to the Lenns of this Security Instrumem or�e Note without the co-signer s consent. Subject to the provisiovs of Section 18, any Successor in Interest of Bonower who assumes Borrower's obligarions under this Security Instrument in writing and is approved by Lender, shall obtain all of Boirower's rights and benefFts under this Secwity Iastnunent. Borrower shall not be released from Boaower's obligations and liability imder this Sec�riry Instrument unless Lender agrees to sucl�release in writing: The covenants and agreements of this Securit7 Insinunent shall bind(except as provided in Section 20) and benefit the successors and assi�s of Lender. 14. Loan Charges. Lender inay charge Borrower fees for services performed in connection with Borrower's default, for the puLpose of protecYing Lencler's inYerest in the 1'roperty and rights undex this Security Ins�uineirt, including, but not limited to, attorneys' fees, property inspecfion and valuarion fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower sball not be cons4ued as a prohibition on Lhe chargin�of such fee. Lender may not chazge fees that aze expressly prohibited by this Sacurity Instrument or by Applicable Law. If the Loazi is subject to a law which sets maxiinutn loan charges, and that law is finally intzrpreted so that the interes[or other loan charges collected or to be collected in connection with the Loan excced the permitted limiks, then: (a) any such loan chazg0 shall be reduced by the amouu[necessary to reduce the charge to the permitted limit; and(b) any sums alread}�collected from�rrower which.exceeded peruutted limits will be refunded to Bonower. Lender may ehoosc to make this ref'und by reducing the principal owed. under the Notc or Uy making a direct payinent to Borrower. If a refund reduces principal, the reduction will be treated as a pazt;al prepayment wzthout any�prepayment charge(whethcr or not a prepayment charge is provided for under tl�e Note). Bonower's acceptance of any such refund made by direct payment to Boaower will consrituYe a waiver of any right of acfion BorFow�might haue arising out of such overchazge. 15. Notices. All notices a ven by Borrower or Lend�in comiection with this Security Instnwienk must Ue in writing. Airy noYice to Borrower in conneckon with this Seeuiity Instnmienf shall be deemed to h2ve been given to Borrower cvhen mailed by first clasg mail or when actually deliveied to Borlovicer's notice address i£ senl by other means. Nolice to any one Borrowcr shall consritute notice to all Borroarers unless Applicable I,aw expressly requires otherwise. The notice address sha11 be the Property Adciress unless Borrower has 24CO2121 NFflRASKASUgIe Pamiiy-Fannie MaelFredtlie M ac UNIFOtUd IMSTRUM eNi Form 3028?Pot VM P� VM P6(NE)(1 t 05) W olters Kluwer Financial Sxrvices PBge 11 of 1]