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20070S6071 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 be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; C()..si~ners; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but. does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrumenl only to mortgage, gram and convey ilie co-signer' s interest in the Property under the terms of this Security Instrumenl; (b) is not personallyobligated to pay ilie sums secured by this Security Instrument; and (c) agrees iliat Lender and any other Borrower can agree lO extend, modify, forbear or make any aceonunodations with regard to the ternlS of this Seeurily Instrument or the Note without the co- signer's consent. Su~;ect to the provisions of Seclion I R, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrumenl in wriling, and is approved by Lender, shall obtain all of Borrower's righls and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in wriling. The covenants and agreements of this SecurilylnSlrument shall bind (excepl as provided in Section 20) and benefil the successors and assigns of Lender. 14. Loan Cbarges. Lender may charge Borrower fees for services perfomled in connection with Borrower's default, for the purpose ofprotecling Lender's interest in the Property and rights under thi, Security InSlrument, including, but. not limit.ed to, attorneys' fees, property inspection and valuation fees. In regard to any oilier tees, the absence of express authorily in this Security Instrument t.o charge a specific fee to Borrower shall not be construed as a prohibilion on the charging of such fee. Lender may not charge tees that are expressly prohibited by this Security Instrument or by Applieable Law. If the Loan is subjeclto a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collecled orto be collected in connection wilh 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 limil; and (b) any sums already collected from Borrower which exceeded pernlitted limits will be refunded lO Borrower. Lender 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 prcpayment without any prepayment chargc (whcther or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct paymenl to Borrower will constitule 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 cOlilection with this Security Instrument must be in writing. Any notice to Borrower in connection wiili this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail Ot when actually delivered lO Borrower's notice address if sent by otber means. Notice t.o any one Borrower shall conslimtc notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lendcr. Borrower shall promptly notify Lender of Borrower's changc of address. If Lender specifie, a procedurc for reporting Borrower's change ot address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at anyone time. Any nOlice to Lender shall be given by delivering it or by mailing it by fitst 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 Inslrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Securily Inslrumcnt is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal law and thc law of the jurisdiction in which ilic Property is located. All rights and obligations contained in this Security Instrument are subject to any requiremcnts and limitations of Applicable Law. Applicable Law might explicitly or implicitly allow the parties to agree by contract Or it might be silent, but such silence shall not be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affecl other provisions of this Security Instrument Or ilic Note which can be given cffecl without the conflicting ptovision. As used in this Security Instrument: (a) words of the masculine gcnder shall mean and include corresponding neuter words or words of ilie feminine gender; (b) words in the singulat shall mean and include the plural and vice versa; and (c) ilie word "may" gives sole discretion without any obligation to take any action. 17. Borrower's Copy. Borrower shall be given one copy of the Notc and of this Security Instrument. 18. Transfer ofthe Property or a Benefieiallnterest in Borrower. As used in this Section 18, "Interest in the Property" mcans any legal or beneficial interest in the Property, including, but not limited to, those bencficial interests transterred in a bond for deed, contract for deed, installment sales contract Or eScrow agrecment, the intent of which is the transfer of title by Borrower al a fumre date to a purchaser. If all or any part of the Property or any Interest in the Property is sold ortransferred (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 immediate payment in full of all sums secured by Ibis Securily Instrument. However, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrowet notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Borrower must pay all sums secured hy this Security Instrument. If Borrower fails to pay these sums prior to thc expiration of this period, Lender may invoke any remedies pcrmittcd by this Security Instrument without further noticc or demand on Borrower. 19. Borrower's Right to Reinstate After Acceleration. If Borrower meets certain conditions, Borrower shall have the right to have enforcement ofthis Security Instrument discontinued at any time prior to the earliest of (a) five days before sale of the Property pursuant to any power of sale contained in this Security Instrument: (b) such other period as Applicable Law might specify for the termination of Borrower's right to reinsmte; or (c) entry ofajudgment enforcing iliis Security Instrument. Those conditions are that Borrower: (a) pays Lender all sums which then would be due under Ibis Securily Instrument and the Note as if no aecelcration had occurred; (b) cures any default of any other covenants or agreements; (c) pays all expenses incurred in enforcing this Security Instrumenl, including, but not limited to, reasonable attorneys' fees, property inspection and valuation tees, and olber fees incurred for the purpose of protecting Lender's interest in ilie Property and rights under this Sccurily Instrument; and (d) takes such action as Lender may reasonably require lo assure iliat Lender's interest in the Propcrty and rights under this Security Instrument, and Borrower's obligation to pay the sums secured by this Security Instrument, shall continue unchanged. Lender may require that Borrower pay such reinstatement sums and expenses in one or more ofthe following fOffi1s, as selected by Lender: (a) cash; (b) money order; (c) certitied check, bank check, treasurer's check or cashier's chcck, provided any such check is drawn upon an instimtion whose deposits are insured by a federal agency, inSlrumentality or entity; or (d) Electronic Funds Transfer. Upon reinstatement by Borrowet, this Security Instrument and obligations secured hercby shall remain fully effective as ifno acceleration had occurred. However, this right to reinstatc shall not apply in the case of aeccleration under Section I R. 20. Sale of Note; Change of Loan Servicer; Notice of Grievance. The Note or a partial interest in the Note (together with this Security Instrument) can be sold one or more times without prior noticc to Borrower. A sale might result in a change in the entity (known as the "Loan Servicer") that collects Periodic Payments due under the Note and Ibis Security NEBRASKA-Single Family-Fannie MaelF'reddie Mac UNIFORM I;\ISTRUMF;NT 9754.CV (1105) 689S557140 hrm 3028 1101 (page 6 of X pages) Cre~tive Thinking; Jnc. GOTO(OOI6,707)