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200706393 Loan No: 070711007 Data lD: 271 Borrower shall be in dd,mll if any action or proceeding, whether civil or criminal, is hegun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property Or rights under this Security lnstrument. The proceeds of any award or claim for damages that arc attributable to the impairment of Lender's interest in the Property arc hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12, Borrower Not Released; }'orbcaranee By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security lnstrument granted hy Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured hy this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not he u wuivcr of or prcclude the exercise of uny right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Hound. Borrower covenants and agrees thut Borrower's obligations and liubility shall be joint and several. However, any Borrower who co-signs this Security lnstrument but docs not execute the Note (a "co-signer"): (a) is co-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 Lender and any other Borrower can agree to extend, modify, forhear or make any accommodations with regard to thc terms of this Security lnstrument or the Note without the eo-signer's consent. Subject to the provisions of Section 18, any Successor in lnterest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtuin all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be rcleased from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such rdease in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors und ,lSsigns of Lendcr. 14. 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 rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. ln regard to any other fees, the absence of express authority in this Security Instrument to charge a specitlc fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender muy not charge fces that ure expressly prohibited by this Security Instrument or by Applicable Luw. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interprcted so that the interest or [)ther loan charges collectcd or to be collected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make thi~ refund hy reducing the principal owed under the Note or by muking a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prep<<yment charge (whcther or not << prepaymcnt charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of <<clion 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 mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constitute notice to <<11 Borrowers unless Applicable Law expressly rcquircs otherwise. The notice address sh<<lI be the Property Address unless Borrower has dcsignated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Burrower's ch<<nge of address. If Lender spccifies <<procedure for reporting Borrower's change of address, then Borrowcr shall only report a change of address through that spccified procedure. There m<<y be only one dcsignatcd notice address under this Sccurity 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 st<<ted herein unless Lender h<<s designated ,1I10ther <<ddress by notice to Borrower. Any notice in eonnectiun with this Security Instrurncnt shall not bc dcerned to h<<vc been given to Lender until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the AppliC<lhle Law requiremcnt will s<<tisfy the corresponding requirement under this Security Instrument. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT 111111111 II 11111111111111111111111111111111111111111111111111111111111II 111111111111111111111111111111 11111111111I111111I]jilli flflijlllllllljljllllllllflli~il 11111111 Pages) P+0070711 007+9407+08+11 +NECNVADT R)\ vjzi