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200704234 Unless Lender and Borrower otherwise agree in writing, any application ofproceoos 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 securoo by this Security Instrument grantoo 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 requiroo to commence proceooings against any successor in interest or refuse to extend time for payment or otherwise modifY amortization of the sums securoo 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 remooy shall not be a waiver of or preclude the exercise of any right or remooy. Successors and Assigns Bound; Joint and Several Liability; Accomodation 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 section titled Transfer of the Property or a Beneficial Interest in Borrower. Borrower's covenants and agreements shall bejoint and several. Any person who co-signs this Security Instrument but does not execute the Note ("Accomodation Signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey that Accomodation Signer's interest in the Property under the terms of the Sec'Urity Instrument; (b) is not personally obligated to pay the sums securoo by this Security Instrument; and (c) agrees that Lender and any other Borrower may agree to extend, modifY, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without that Aeeomodation Signer's consent. Loan Charges. If the loan securoo by this Security Instrument is subject to a law which sets maximum loan charges, and that law is finally interpretoo so that the interest or other loan charges collectoo or to be collectoo in connection with the loan exceoo the permitted limits, then: (a) any such loan charge shall be roouccd by the amount necessary to roouce the charge to the permitted limits and (b) any sums already collectoo from Borrower which exceoooo permitted limits will be refundoo to Borrower. Lender may choose to make this refund by rooucing the principal owoo under the Note or by making a direct payment to Borrower. If a refund nxluces principal, the roouction will be treatoo as a partial prepayment without any prepayment charge under the Note. Notices. Any notice to Borrower providoo for 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 directoo 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 providoo for in this Security Instrument shall be deemoo to have been given to Borrower or Lender when given as provided in this paragraph. Governing Law; Severability. This Stx.'Urity Instrument shall be govemoo by fooerallaw and the laws of the state of Nebraska. In the event that any provision or clause of this Security Instrument 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 without the conHicting provision. To this end the provisions of this Security Instrument and the Note are declared to be severable. Borrower's Copy. Borrower shall be given one conformoo 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 transferroo (or if a beneficial interest in Borrower is sold or transferroo and Borrower is not a natural person) unless the Note shows that Borrower's loan is assumable, Lender may, at its option, require immooiate payment in full of all sums securoo by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibitoo by fooerallaw as of the date of tllis Security Instrument. If the Note shows that Borrower's loan is assumable, 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 immooiate payment in full of all sums secured by this Security Instrument. (;) 2004-2007 Copyright Compliance Sys.""",. J,,,,. 8C9C-2F6F - 2007.01.201 COIl'l\UIlor R.al E,t.t. - Security h".rumont DL2036 PageS of8 www.(lomplian(lellYllt~I18.com 800-968-8522 - Fax 616-956-1868