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o00008622 <br />any other Loan Document; accept a renewal of the Note; modify the terms and time of <br />payment of the Indebtedness; join in any extension or subordination agreement; release <br />any Mortgaged Property; take or release other or additional security; modify the rate of <br />interest or period of amortization of the Note or change the amount of the monthly <br />installments payable under the Note; and otherwise modify this Instrument, the Note, or <br />any other Loan Document. <br />(b) Any forbearance by Lender in exercising any right or remedy under the <br />Note, this Instrument, or any other Loan Document or otherwise afforded by applicable <br />law, shall not be a waiver of or preclude the exercise of any other right or remedy. The <br />acceptance by Lender of payment of all or any part of the Indebtedness after the due date <br />of such payment, or in an amount which is less than the required payment, shall not be a <br />waiver of Lender's right to require prompt payment when due of all other payments on <br />account of the Indebtedness or to exercise any remedies for any failure to make prompt <br />payment. Enforcement by Lender of any security for the Indebtedness shall not constitute <br />an election by Lender of remedies so as to preclude the exercise of any other right available <br />to Lender. Lender's receipt of any awards or proceeds under Sections 19 and 20 shall not <br />operate to cure or waive any Event of Default. <br />25. LOAN CHARGES. If any applicable law limiting the amount of interest or <br />other charges permitted to be collected from Borrower is interpreted so that any charge <br />provided for in any Loan Document, whether considered separately or together with other <br />charges levied in connection with any other Loan Document, violates that law, and <br />Borrower is entitled to the benefit of that law, that charge is hereby reduced to the extent <br />necessary to eliminate that violation. The amounts, if any, previously paid to Lender in <br />excess of the permitted amounts shall be applied by Lender to reduce the principal of the <br />Indebtedness. For the purpose of det6rmining whether any applicable law limiting the <br />amount of interest or other charges permitted to be collected from Borrower has been <br />violated, all Indebtedness which copstitutes interest, as well as all other charges levied in <br />connection with the Indebtedness which constitute interest, shall be deemed to be allocated <br />and spread over the stated term of the Note. Unless otherwise required by applicable law, <br />such allocation and spreading shall be effected in such a manner that the rate of interest <br />so computed is uniform throughout the stated term of the Note. <br />26. WAIVER OF STATUTE OF LIMITATIONS. Borrower hereby waives the <br />right to assert any statute of limitations as a bar to the enforcement of the lien of this <br />Instrument or to any action brought to enforce any Loan Document. <br />27. WAIVER OF MARSHALLING. Notwithstanding the existence of any other <br />security interests in the Mortgaged Property held by Lender or by any other party, Lender <br />shall have the right to determine the order in which any or all of the Mortgaged Property <br />FANNIE MAE MULTIFAMILY SECURITY INSTRUMENT - Form 4028 4/98 Page 34 <br />NEBRASKA <br />