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200707305 4500029552 Borrower shall not operate to release the li~lbility of Borrowcr or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against allY Successor in Interest or Borrower or to reruse to extend time for payment or otherwise modity amortization of thc sums seeurcd by this Sccurity Instrumcnt by rcason of any dcmand 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 thcn duc, shall not bc a waivcr of or prccludc thc cxcrcisc of any right or remcdy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall bc joint and scvcral. Howcvcr, .my Borrowcr who co-signs this Security Instrument but does not execute the Note (a "eo-signcr"): (a) is co-signing this Sceurity Instrument only to mortgage, grant and convey the co- signer's intcrest in the Property under the terills or this Security Instrument; (b) is not pcrsonally obligated to pay the sums secured by this Security Instrument; and (c) agrccs tlwt Lcndcr and any othcr Borrowcr can agrcc to cxtend, modify, forbear or make any accommodations with regard to the tem1S or this Security Instrument or thc Note without the co-signer's consent. Subject to the provisions of Scction I S, any Successor in Interest of 13orrowcr who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all or Borrower's rights and benefits under this Security Instrument. Borrower shall not be released fronl 13orrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreemcnts of this Secnrity Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may chargc Borrower fccs 1'01' services perllmned in connection with Borrower's default, for the purposc 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 Ices. In regard to any other rees, the absence of express authority in this Security Instrument to charge a specitlc tee to Borrowcr shall not bc construcd as a proh ibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Sccurity Instrument or by Applicable Law. If the Loan is subject to a law which scts maximum loan chargcs, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the pern1itted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce thc charge to the pcrmitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lcnder may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prcpayment charge (whethcr or not a prepaymcnt charge is provided for under the Note). Borrower's acceptance of any such rerund made by dircct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in <;onncction with this Security Instrument must be in writing. Any notice to Borrower in connection with this Sccurity Instrumcnt shall bc dccmed to have been given to Borrower when mailed by first elass mail or when actually delivered to 130rrnwer's notice address i I' sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly rcquires otherwise. The notice address shall be the Property Address unless Borrower has designated a suhstitute notice address by not ice to Lender. Borrower shall promptly notifY Lender of Borrower's change of address. If Lender speL'i1ies a procedure I()r reporting Borrower's change of address, then Borrower shall only report a change of address through that spccificd proccdlll'c. Thcrc may bc only one dcsignated notice address under this Security Instrument at anyone time. Any nut Ice to Lender shodl be given by delivering it or by mailing it by first class mail to Lender's address stated herein unless Lendcr has dcsignated another addrcss by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed lu have been given to Lcnder until actually received by Lender. If any notice required by this Security Instrument is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrumcnt. 16. Governing Law; Seventbility; Rules of Constnlctiun. This Seu.lrity Instrument shall be governed by federal law and thc law of the jurisdiction in whieh the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations or Applicable Law. Applicable Law might cxplicitly or implicitly allow the parties to agree by contract or it might be silent, but sllch silence shall not be cunstrued as a prohibition against agreement by contract. In the event that any provision or clause of this Sccurity Instrumcnt or thc Notc contlicts with Applicable Law, such conflict shall not affect othcr provisions of this Security Instrurnent or the Note which can be given clrect without the conflicting provision. As used in this Security Instrument: (a) words of the rnasculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) wurds in the singular shall mean and include the plural and vice versa; and (c) the word "may" givcs sole discretion without any oblig;ltiun to take any action. 17. Borrower's Copy. Borrowcr shall be given one copy ofthc Note and of this Security Instrument. 18. Transfer of the Property or a Bcnclicial Interest in BOlTower. As used in this Section 18, "Interest in the Property" NEBRASKA,- Single Family nFannic Mac/Frc/ldle Mar lJNIFORM INSTRUMENT ..es> 338.25 Page 8 of'! / Form 3028 1/01 d~W~