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C, Ctao14.)6_3 <br />13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and <br />agrees that Borrower's obligations and liability shall be joint and Several. However, any Borrower who co-signs this <br />Security Instrument but does not execute the Note (a "co- signer "): (a) is co-signing this Security Instrument only or <br />mortgage, grant and convey the co- signer's interest in the Property under the terms of this Security Instrument; do <br />is not personally obligated to pay the suns secured by this Security Instrument; and (c) agrees that Lender and any <br />utter Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terns of this <br />Security Instrument or the Note without the co-signer s consent. <br />Subject to the provisions of Section 15, any Successor in Interest of Borrower who assumes Borrower's <br />obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all ofBorrowcr'.r rights <br />and benefits under this Security Instrument. Borrower shall not be released front Borrower's obligations and liability <br />under this Security Instrument unless Lender agrees to such release in writing. The covenanits mud agreements of this <br />Security lustrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's <br />default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, <br />including, but not limited to, attorneys' Ices, property inspection and valuation fees- In regard to eery other fees, the <br />absence of express authority in this Security Instrument to charge a specific tee to Borrower shall not be construed <br />as aprohibition on the charging of such fee. Lender may not charge fcevthat are expressly prohibited by this Security <br />Instrument or by Applicable law. <br />If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the <br />interest or other Iran charges collected or to be collected in connection with the Loan exceed the permitted limits, <br />their: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; <br />and (b) any suns already collected from Borrower which exceeded permitted limits will be rchuuled to Borrower. <br />Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment <br />to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any <br />prepayment charge (whether or not a prepayment charge is provided for under the Notc). Borrower's acceptance of <br />any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might <br />have arising out of such overcharge. <br />15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be <br />in writing. Any notice to Borrower in connection with this Security Instrument shall be de :med ht have been given <br />to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other <br />means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires <br />otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice <br />address by notice to Lender. Borrower Shall promptly notify Lender of Borrower's change of address. If tender <br />specifies a procedure for reporting Borrower's change of address, then Burrower shall only report a change of address <br />through that specified procedure. There may be only one designated notice address under this Security Instrument <br />at any one time. Arty notice to Lender shall be given by delivering it or by mailing it by first class mail to Iender's <br />address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection <br />With this Security Instrument shall not be deemed to have been given to Lender mail actually received by Lender. <br />If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law <br />requirement will satisfy the corresponding requirement under this Security Instrument. <br />16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by <br />federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in <br />this Security Instmuent are subject to any requirements and limitations of Applicable Law. Applicable Law might <br />explicitly or implicitly allow he parties to agree by contract or it might be silent, but such silence shall not be <br />construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security <br />instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security <br />Instrument or the Note which can be given effect without the conflicting provision. <br />As used in this Security Instrument (a) words of the masculine gender shall mph and include corresponding <br />neuter words ur words of the feminine gender; (h) words in the singular shall mean and include the plural mud vice <br />versa; and Let the word "Tony" gives sole discretion without any obligation to take any action. <br />17. Borrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument- <br />NEBRASKA <br />- Single Family <br />- Fannie Mae /rreddie Mac UNIFUHM INSTRUMENT <br />DoeMag/e QSx^nne soo -e as reel <br />Form 3028 <br />1/01 <br />Para 9 of 13 <br />.docm>,pic.c <br />_w,UU, <br />Ni.111, , <br />