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200609292 to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to cxtend, modify, forbear 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 17, 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 tbis Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 19) and benefit the successors and assigns of Lender. 13. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rigbts under tbis Security Instrument, as allowed under Applicable Law. The absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a probibition on tbe charging of such fee. Lender may not charge fees that are expressly probibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that tbe interest or other loan charges collected or to be collected in connection with tbe Loan exceed the permitted limits, tben: (a) any sucb loan cbarge shall be reduced by the amount necessary to reduce the charge to tbe permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make tbis refund by reducing the principal owed under tbe Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will bc treated as a partial pnpayment. 14. Notices. All notices given by Borrower or Lender in connection with tbis Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to bave been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otberwise. The notice address shall be tbe 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 shall only report a cbange of address through that specified procedure. Tbere may be only one designated notice address under this Security Instrument at anyone time. Any notice to Lender shall be given by delivering it or by mailing it by first class mail to Lender's address stated berein unless Lender has designated another address by notice to Borrower. Any notice in connection with tbis Security Instrumcnt shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by tbis Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under tbis Security Instrument. 15. Governing Law; Severability; Rules of Construction. Tbis Security Instrument shall be governed by federal law and the law of the jurisdiction in wbicb tbe Property is located. All rights and obligations contained in tbis Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract or it migbt be silent, but such silence shall not be construed as a probibition against agreement by contract. In the event tbat any provision or clause of tbis Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of tbis Security Instrument or the Note which can be given effect without the conflicting provision. As used in tbis Security Instrument: (a) words of the masculine gender shall mean and include corresponding neuter words or words of tbe 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 16. Borrower's Copy. Borrower shall be given one copy of the Note and oftbis Security Instrument. 17. Transfer ofthe Property or a Beneficial Interest in Borrower. As used in tbis Section 17, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer oftitle 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 beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument. However, tbis option shall not be exercised by Lender ifsucb exercise is prohibited by Applicable Law. If Lender exercises tbis option, Lcnder shall give Borrower notice of acceleration The notice shall provide a period of not less than 30 days from tbe date the notice is given in accordance with Section 14 witbin w, . t P IDan No: 124523771 Initials: Nebraska Deed of Trust-Single Family-Secondary Lien -THE COMPLIANCE SOURCE, INC.- www.compliancesource.com Page 8 of 11 II11I1II1II1111 ModlOed By "The Compliance Sou...e, Inc." 14102NE 03/02 02002, Tt., Compliance Source, Inc.