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200704110 Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the payments Payment of Principal and Interest; Late Charges and Funds for Taxes and Insurance or change the amount of such payments. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment 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 extend time for payment or otherwise modify amortization of the sums sa'UI'ed by this Security Instrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any forbearance by Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Successors and Assigns Bound; Joint and Several Liability; Accomodation Signers. The covenants and agreements of this Sa'UI'ity Instrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of section titled Transfer of the Property or a Beneficial Interest in Borrower. Borrower's covenants and agreements shall be joint and several. Any person who co-signs tllis Security Instrument but does not execute the Note ("Accomodation Signer"): (a) is co-signing this Sa'UI'ity Instrument only to mortgage, grant and convey tllat Accomodation Signer's interest in the Property under tlle terms of the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any oilier Borrower may agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or ilie Note witllout that Aeeomodation Signer's consent. Loan Charges, If tlle loan secured by iliis Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with ilie loan exceed the permitted limits, ilien: (a) any such loan charge shall be reduced by the amolUlt necessary to reduce ilie charge to the permitted limits and (b) any sums already collected from Borrower which exceeded permitted limits will be refimded to Borrower. Lender may choose to make tllis refUnd by reducing the principal owed under tlle Note or by making a direct payment to Borrower. If a refUnd reduces principal, ilie reduction will be treated as a partial prepayment without any prepayment charge under ilie Note. Notices. Any notice to Borrower provided tor in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless Applicable Law requires use of another method. The notice shall be directed to the Property Address or any other address Borrower designates by 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 designates by notice to Borrower. Any notice provided for in iliis Security Instrument shall be deemed to have been given to Borrower or Lender when given as provided in this paragraph. Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state of Nebraska. In the event iliat any provision or clause of tllis Security Instrument or ilie Note conflicts with Applicable Law, such conflict shall not affect otller provisions ofiliis Security Instrument or the Note which can be given ciIect without the conflicting provision. To tllis end the provisions oftllis Sa'UI'ity Instrument and the Note are declared to be severable. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument. 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) unless the Notc shows tllat Borrower's loan is assumable, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, iliis option shall not be exercised by Lender if exercise is prohibited by federal law as of the date of this Security Instrument. If tlle Note shows that Borrower's loan is assumablc, Borrower must obtain Lender's written permission for an assumption and follow any other requirements of Lender related to an assumption. If Borrower does not do so, Lender may require immediate payment in full of all slUU~ secured by this Security InstrunlCnt. C! 2004.2007 Copyright Compli""c< Systems. IllC. 8C9C.67A6 . 2007.01.201 Co~umer Real Estate ~ Security h:L'!ltnm:lent DL2036 r.gd of8 www.oompliancosystoms.com 800.968.8522. Fax 616-956-1868