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200306652 Borrower Lender shall not be required to commence proceedings against tiny Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand onadc by the original Borrower or any Successors in Interest of Borrower. Any forbcarmtce by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments front third persons, entities or Socccssurs in Interest of Borrower or in aumunts 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. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several- However, any Borrower who co -signs this Security Instrument but does not execute the Note (a -co-signer'): (a) is cu- signing this Security Instrument only to mortgage, grant and convey the co-signer'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 tender and any other Borrower can agree to extend, modify, forbear or make any acconnmodations 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 tinder this Security Insunnnent. Burrower shall not be released fret Borrower's obligations and liability under this Security Instmment unless Lender agrees to such release in writing -'the covenants and agrecuucnts of this Security Instrument shall hind (except as provided in Section 20) and benefit the successes and assigns of Lender. 14. Loan Charges. Lender any charge Borrower fees for services performed in connection with Borrower's default, for the putpose of protecting tender's interest in the Property and rights under this Security histrunnent, including, but not Jinn cal to attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express audnority in this Security hnstruumnt to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that me expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximmn loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the ammunt necessary to reduce the charge to the permitted linnit; and (b) any suns already collected front Borrower which exceeded pemdtted limits will be refunded to Borrower. Lender nay, 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 withoa 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 payuueut to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender 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 nnailed by first class snail or when actually delivered to Borrower's notice address if sent by other means. Notice to any Otte Borrower shall constitute 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. Burrower shall promptly notify Lender of Borrower's change of address. If Lcnder specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one dcsiglmted notice address under this Security hlstnnuent 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 Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not he cken ed to have been given to Lender until 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 Instrument 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which We Properly is located. All rights and obligations contained in this Security Illslnaneld are subject to any requirements and Imitations of Applicable Law, Applicable Law might explicitly Or implicitly allow the parties to agree by contract or it might 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 Instrunnent or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect withau the conflicting provision. As used in this Security Instrument (a) words of the masculine gender shall mean and include corresponding neuter words o1' words of the temmine 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 Instrunent, NF.RRASKA— Single Family— Fantle M.cNreddie Mac UNIFORM INSTRUMENT Form.30M lull Pu 8 , II TeOral tl1. 69pa6da9d9d MF�rM &rB1�111 ITEM 19f 6LB (OOIn r Ke J )^'4Pe'�)