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�0�2Q87S� 12. Borrower Not Released; Forbearance By Lender IVot 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 Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any Suc,cessor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizarion of the sums secured by this S�urity Instrument by reason of any demand made by the original Borrower or any Successors 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 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. Bonower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Bonower who co-signs this S�urity Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the ca-signer's interest in the Property under the terms of this Security Instrument; (b) is not gersonally obligated to pay the sums securefl by this Security Instrument; attd (c) agr�s that Lender and any other Bonower can agr� to extend, modify, forbear or make any accommodations with regard to the terms of tlus Securiry Instrument or the Note without the co-signer's consent. Subject to the provisions of S�tion 18, any Successor in Interest of Bonower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under this S�urity Instnunent. Bonower shall not be released from Bonower's obligations and liability under this Security Instrument unless Lender agrees to such release in wriring. The covenants and agreements of this S�urity Instnunent shall bind (except as provided in Se�tion 20) and benefit the succ�sors and assigns of Lender. 14. Loan Charges. Lender may chazge Bonower fees for services performed in conn�tion with Bonower's default, for the purpose of prote,cting Lender's interest in the Properly and rights under ttus S�urity Instrument, including, but not limited to, attorneys' f�s, property inspection and valuarion fces. In regard to any other fees, the absence of express authority in this Security Instrument to charge a sp�ific fee to �nower shall not be construed as a prohibition on the charging of such fe,e. Lender ma.y not chazge fces that aze expressly prohibited by this S�urity Instrument or by Applicable Law. If the Loan is subje,ct to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be coll�ted in connecrion with the Loan exccefl the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to refluce the chazge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitteii limits will be refunded to Borrower. Lender may choose to make this refund by re�ucing the principal owerl under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is providefl for under the Note). Bonower's acceptance of any such refund made by dir�t payment to Bonower will constitute a waiver of any right of action Bonower might have arising out of such overchazge. 15. Notices. All notices given by Bonower or Lender in conn�rion with this Security Instrument must be in writing. Any norice to Borrower in connection with this Securiry Instrument shall be d�mefl to have besn given to Borrower when mailed by first class mail or when actually deliverefl to Bonower's notice address if sent by other means. Notice to any one Bonower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The norice address shall be the Properly Address unless Borrower has NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMEMT VMP Q Wokers Kluwer Financ(al Services Fo� soza iro� VMP6(NE) (1105) Page 11 of 17