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�0�207�7� <br />S�urity Instnunent, whether or not then due. "Opposing Party" means the third pariy that owes Borrower <br />Miscellan�us Proc�eds or the pariy against whom Borrower has a right of action in regard to Miscellaneous <br />Prac�ds. <br />Borrower sha11 be in default if any action or proc�ing, whether civil or criminal, is begun that, in Lender's <br />judgment, could result in forfeiture of the Prope�ty or other nnaterial impairment of Lender' s interest in the <br />Properiy or righta under this Security Insdvment. Horrower can cure such a default and, if acceleration has <br />ocxurred, reinstate as provided in Section 19, by causing the action or pra�eding to be dismisserl with a <br />ruling that, in Lender' s judgment, pre�ludes forfeiture of the Property ar other material impairment of <br />Lender' s interest in the Properiy or rights under this Sacurity Instrument. The proc�s of any award or <br />claim for damages that are attdbutable to the impairment of Lender's interest in the Property are hereby <br />assign� and shall be paid to Lender. <br />All Miscellaneous Praceeds that are not applied to restoration or repair of the Property shall be applie� in <br />the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums securefl by this Security Instru�nent granted by Lender to Borrower <br />or any Successor in Interest of Boaower shall not operate to release tha liability of Horrower ar any <br />Successors in Interest of Borrower. Lender sball not be required to commence prac�dings against any <br />Successor in Intere.st of Borrower or to refuse to extend time for payment or othervvise modify amofi�tion <br />of the sums securefl by this 5acurity Inslrument by reason of any demand made by the original Borrower or <br />any Successors in Interest of Brnrower. Any forbearance by Lender in exercising any right or remedy <br />including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in <br />Interest of Borrower or in amoiurts less than the amount then due, shall not he a waiver of or preclude the <br />exercise of any right or rem,edy. <br />13. Joint and Several L1�abilHy; Casigners; Successors and Assigns Bound. Borrower covenants and <br />agr�s that Borrower's obligaiions and liability ahall be joint and several. However, any Boaower who <br />co-signs this Se�urity Inslrument but does not ax�ute the Note (a "co-signer"): (a) is co-signing ttris <br />S�urity Instrument only to mortgage, grant and'convey the co-signer' s interest in the Property under the <br />terms of tlus Security Instnnnent; (b) is not personally obligated to pay the sums secured by this Se�urity <br />�nstrument; and (c) agre�s that Lender and any other Borrower c�n agree to extend, modify, forbear or make <br />any accommodations with regard to the terms of tlus Security Instnu�nt or the Note without the co-signer' s <br />consent. <br />Subject to the provisions of Se�tion 18, any Suc�essor in Interest of Borrower who assumes Bonower's <br />obligations under this Se�urity Inslrunnent in writing, and is approved by Lender, shall obtain all of <br />Borrower' s rights and benefits under this Security Instrument. Borrower sha11 not be released from <br />Borrower' s obligataons and liability under tlus Security Instnunent unless Lender agrees to such release in <br />writing. The covenants and agr�nta of tlus Security Instrument shall bind (except as provided in Section <br />20) and benefit the successors and assigns of Lender. <br />14. LOan Charges. Lender may charge Borrower fees for servic� performed in conne�tion with Borrower' s <br />default, far the purpose of prote�ting Lende�'s interest in the Prope�ty and rights under tlus Seciuity <br />Instcvment, including, but not limiteci to, attomeys' fas, properiy inspection and valuation fces. In regard to <br />any other fee,s, the absence of express authority in this Security Instrument to charge a spec;ific fee to <br />Bonower sha11 not be construed as a prolubition on the chazging of such fee. Lender may not charge fe,es <br />that are expressly prolubited by this Security Instrument or by Applicable Law. <br />22�271786 <br />NEBRASKASingle FamOy-FanNe Mae/Fredd� Maa UWIFORM INSTRUMENT WITH MERS <br />VMP (ql <br />Woltere Kluwer � S�vkea <br />D VBANE <br />Form 3038 1/07 <br />VMPBA(NE) 111061 <br />Pege 11 of 17 <br />��� <br />.23`'' � <br />