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99 106276 or modification of amortization of the sums secured by this Security Instrument granted by Lender to any successor in interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to e�ctend time for payment or otherwise modify amortization of the sums secured by this Security Instrumentby reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearanceby Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. 12. Successors and Assigns Bound; Joint and Several Liability; Co-signers. The covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and Borrower,subject to the provisions of paragraphl7. Borrower's covenants and agreementsshall be joint and several. Any Borrower who co-signs this Security Instrumentbut does not execute the Note: (a)is co-signing this Security Instrumentonly to mortgage,grant and conve�that Borrower's interest in the Property under the � terms of this Security Instrument;(b) is not personally obligated to pay the sums secured by this Security Instrument;and(c) agrees that Lender and any other Borrower may agree to e�rtend, modify, forbear or make any accommodationswith regard to the terms of this Security Instrumentor the Note without that Borrower's consent. 13. Loan Charges. If the loan secured by this Security Instrument is subject to a law which sets maYimum loan charges, and that law is finally interpretedso that the interest or other loan charges collected or - ' to be collected in connection with the loan exceed the permittedlimits, 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 permittedlimits 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. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. 14. Notices. Any notice to Borrowerprovided for in this Security Instrumentshall be given by delivering it or by mailing it by first class mail unless applicablelaw requiresuse of anothermethod. The notice shall be directedto the PropertyAddress or any other addressBorrower designatesby notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designatesby notice to Borrower. Any notice provided for in this Security Instrumentshall be deemedto have been given to Borrower ar Lender when�ven as provided in this paragraph. 15. Governing Law; Severability. This Security Instrumentshall be governed by federal law and the law of the jurisdiction in which the Property is located. In the event that any provision or clause of this Securiry Instrument or the Note conflicts with applicable law, such conflict shall not affect other provisions of this Securiry Instrumentor the Note which can be given effect without the conflicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. 16. Borrower's Copy. Borrower shall be given one conformed copy of the Note and of this Security Instrument. 17. Transfer of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in it is sold or transferred(or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)without Lender's prior written consent, Lender may, at its option, require immediatepayment in full of all sums securedby this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums securedby this Security Instrument. If Borrowerfails to pay these sums prior to the e�iration of this period, Lender may invoke any remedies permittedby this Security Instrumentwithout further notice or demand on Borrower. 18. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcementof this Security Instrumentdiscontinued at any time prior to the earlier of: (a)5 days (or such other period as applicable law may specify for reinstatement)before sale of the Property pursuant to any power of sale contained in this Security Instrument; or (b) 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 Instrumentand the Note as if no accelerationhad occurred; (b) cures any default of any other covenants or agreements;(c)pays all eapenses incurred in enforcing this Security Instrument,including, but not limited to, reasonableattorneys'fees; and(d)takes such action as Lender may reasonably require to assure that the lien of this Security Instrument,Lender's rights in the Property and Borrower's obligation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatementby Borrower, this i NEBRASKA-Single Family-Fannie Mae/Freddie Mac Uniform Instrument I Form 3028 9/90 Laser Forms Inc.(800)446-3555 ''11 'G)�/'////11 LIFT kFNMA3028 3196 Page 5 of 7 Initials:�1�?�GR/, �