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201208227 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amoxtization of the swns socured by this Security Inst�ument granted by Lender Yo Borrower or 1ny Successor in Interest of Borrower shall not operate to release tlie liability of Borxower or any Succesors in Interest of Borrower. Lender shall not bo requirod to commence proeeedings against any Successor in Tntorest of Borrower or to refuse to extoi�d time for payment or otherwise modify a�norti�ation of the sums secured by tliis Security 1nsLi ument by reason of 2ny demand made Uy the original Borrower or 1ny Successaxs in Interest of Bocrower. Any foxbearance by Lander in exereising any right or remec�y including, without limitation, Lender's acoeptazice of paymenYs from third persons, entities or Successors in Interest of Borxower or in sunouuts less than the amount then due, shall noY be a waiver of or preclude the oxercise of any right or remedy. 13, Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligallons and lilhility shall be joint aud severaL Howover, any Borrower who co-signs this Seourity Instrumeut but does not execute the NoEc(a "co-signer"): (a) is oa-signing this 3ccuriCy lnstrument only to mortgaga, grant aud convey the eo-signer's interest iu tlie Property uudor the terms ofthis Security Ins�uinent; (b) is not porsonally oU[igated to pay Uie 5ums secured by thie Sectvity Instcument; �nd{c) agrecs fhat Lender and any other Borrower ca�i agree fo extond, modify, forbeae or make any acoommodations with regard to the terms of this Securify lnstrumanC or the Note without the co-signer's oousorlt. 8ubjeot to the provisions of Seotion I8, any Successor in Intcrost of Borrower who assumes Borrower's obligations Lmder this Security Instrumeut in writing, and is approved by Lender, shall oUtain all of Borrower's rights and benefits undcx this Security Instrument. Borrower shall not be released from Borrower's oUligations and liability under this Seourity Instrument unless]..ender agrces to such release in writing. The oovenants and agreements of this Security Iustruincut shall bind (axeepY as provided in Sectiou 20) and 6enefit the suocessors azid assigns of I.ender. 14. Loan Charges. Lender inay charge Borrower fees for services performed in connection witli Borr�wer's default, for the purpose of protectinb Lender's interest in the Property und rights undar this Sccurity InsYrtunenY, including, Uut nof timitcd to, attorneys' fees, property inspection and vatua[ion fees. In regard to any other faes, tlie absenne of express auYhority in this SecuriYy Instrument to charge a speoifie fee to Borrower shall nof he construed as a prohibition on the chcu ging of such fee. Lender may not charge fees that are expressly prohibited hy fhis Security Instriunent or by ApplicaUle Law. If the L,ofln is subject to a law wliicl� sets maximum lonn charges, and that law is finally interprated so thaY the interast or oUier loan charges collected or to be collected in oonuecxion with the Loan exeeed the permitted limits, thon: (a) any such loan churge s(iall be reduced by fhe amounY necessary to reduca the charge to the permitted limit; a�id (U) any sums already collected from Borrower which excecdcci permitted limits will he refundad to Borrowcr. Lender may choose to malw this refund by reducing the principal owed under tlie Nota or by making a direat payment to Borrower. lf a rofund reduces prineipal, the reduotion wIll be treated as a parCial prepayment without any prepaymenC charge(whether or not n prepayment cl�arge is provided for under the Note). Borrower's acocptance of any sueh refuud mada Uy direct payment to Borrower will constitute a waiver of any right of lotion Borrower might liave arising out of such overol�arge. 15. NOticeS. All naYices given Uy Borrowcr or Lender in connection with tliis Security lnstrument must be in writing. P.ny notioe to Borrowar in conneeYion with this SecuriYy lnstrument shall be deemed to hftue been given to Borrowec when mailed by first olass mail or whon actually delivered to Borrowar'a notice adc�ess if senl by oCher means, Notice to any one Borrowor shall eonstitute notioe to¢Il Borrowers unless Applicable Law expressly requires otherwise. 'I'he notice address shall be the Propertiy Address unless Borrower hns 2A003328 NEBRASKA-3ingle Family-Fennla MaelFredtlie Maa UNIFORM INSTRUMENT Form a02B 7107 VMP� VMP6�NE1(11051 Walters Kluwel�inanaial Servlcee Page 17 of 77