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200708432 450713325 does not cxccute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convcy 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) agrecs that Lender and any othcr Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without thc co-signer's consent. Subject to the provisions of Section 18, 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 this Security Instrument unlcss Lender agrees to such rclcase in writing. The covcnants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lcnder may charge Borrowcr fccs for scrvices performed in connection with Borrower's default, for the purpose of protecting Lendcr's interest in the Property and rights undcr this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of cxpress authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on thc charging of such fee. Lender may not charge fces that are expressly prohibited 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 intcrprcted so that the interest or other loan charges collected or to be collected in connection with thc Loan excccd the permitted limits, then: (a) any such loan charge shall be reduced by the amount neccssary 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. Lendcr 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 prepayment charge (whether or not a prcpayment 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 action Borrower might have arising out of such overcharge. 15. Notices. All noticcs givcn by Borrowcr 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 Borrowcr whcn 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 all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Propcrty Address unless Borrowcr has dcsignated 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 Borrowcr shall only rcport a changc of addrcss through that spccificd procedure. There 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 herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice requircd by this Security Instrument is also rcquired under Applicable Law, the Applicable Law requirement will satisfy the corresponding rcquirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrument are subject to any requirements and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow thc parties to agree by contract or it might bc silent, but such silence shall not bc construed as a prohibition against agreement by contract. In the event that any provision or c1ausc of this Security Instrumcnt 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 conflicting provision. As used in this Security Instrument: (a) words of the masculine gendcr shall mean and include corresponding neuter words or words of the feminine gcnder; (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. 17. Borrower's Copy. Borrower shall be given onc copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial Interest in Borrower. As uscd in this Scction 18, "Intcrest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those bcncficial intercsts transferrcd in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrowcr at a future date to a purchaser. If all or any part of thc Property or any Interest in thc Propcrty 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 immediatc payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lcndcr if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not NEBRASKA-- Single family --Fannie Mae/Freddie Mac UNIFORM INSTRUMENT ~ 338.25 Page 8 of 11 Form 3028 1/01 ~~