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201209761 LOAN ID # 1701572961 13. Joint and 5everal Liability;Co-signers;Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However,any Bonower who co-signs this Security InsCrument but does not execute the Note(a"co-signer"): (a)is co-signing this Security Instmment only to mortgage,grant and convey the co-signer's interest in Yhe Property under the terms of this Security InstrumenC;(b)is not personally obligated to pay the sums secured by this Security Instrument;and(c)agTees that Lender and any other Borrower can agree to extend,modify,farbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18,any Successor in Interest of Borrower who assumes Borrower's obligations under this Security 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 released from Borrower's obligations and liability under this Securiry Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind(except as provided in Section 20)and benefit the successars and assigns of Lender. 14. Loan Charges. Lender may charge Borrower lees for services performed in wnnection with Borrower's default,for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument,including,but not limited to,attorneys'fees,property inspection and valuation fees. In regard to any other fees,the absence of express authority in chis Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging oP such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicabie Law. If the Loan is subject to a law which sets maximum loan charges,and Chat law is finally interpreted so that the interest or other loan charges wllected or to be collected in connection with the Loan exceed the permitted ]imits,then: (a)any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit;and(b)any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. IY a refund reduces principal,the reduction will be treated as a partial prepayment without any prepayment charge(whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or I.ender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by oYher means. Notice to any one Borrower shall consCitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address,then Borrower shal]only report a change of address through that specified procedure. There may be only une designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless I.ender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given Yo Lender unti]actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law,the Applicable Law requirement will satisfy the corresponding requirement under this Security Instmment. 16. Goveming Law;5everability;Rules oF Construction. This Security Instrument shall be governed by federa]law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly aliow the parties to agree by contract or it mighY be silent,but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law,such cooflict shall not affect oCher provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security instrument: (a)words of the masculine gender shall mean and inciude corresponding neuter words or words of the feminine gender;(b)words in the singular shall mean and include the plural and vice versa;and(c)the word"may"gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Bene�cial Interest in Borrower. As used in this Section 18, "Interest in the Property"means any legal or beneficia]interest in the Properry,including,but not limited to,those beneficial interests transferred in a bond for deed,contract for deed,inscallment sales contract or escrow agreement,Che inCent of which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property is sold or transferred(or if Borrower is not a natural perSon and a bene6cial interest in Borrower is sold or transferred)without Lender's prior written consent,Lender may require unmediate payment in full oY all sums secured by this Security Instrument. However,this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option,I,ender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within�vhich Borrower must pay all sums secured by this Security instrument. Ii'Borrower fails to pay these sums prior to the expiration of this period,Lender may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain couditions,Borrower shall have the right to have enforcement of this Security Instrument discontinued at any time prior to the earliest of: (a)five days before sale of the Property pursuant to any power of sale contained in this Security Instrument; (b)such other period as Applicabie Law might specify for the termination of Borrower's right to reinstate;or(c) entry oF a judgment enforcing this Security Instrument. Those conditions are that Borrower: (a)pays Lender all sums which then would be due under this Security Instrument and the Note as if no acceleration had occurred; (b)cures any default of any other covenants or agreements;(c)pays all expenses incurred in enforcing this Security Instrument,including,but not limited to,reasonable attorneys'fees,property inspection and valuation Initials: '�i�" NEBRASRA—Single Aamily—Fannie MaelFreddie Mac UNIFORM IN9TRUM&NT Form 3026 U01 (page 7 af 10 pages) NECMM7-01042012 www.ProClose.com