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Ndol8.dol.lI:ml 200903864 Successor in Interest of Borrower shall not operate to release the lIahillty of Borrower or any Successors in Interest of Borrower. Lender shall not he 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 by 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 be a waiver of or preciude the exercise of any right or remedy. 13. Joint and Several Uabillty: C...slgners; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall bejoint 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 Instrument only to mortgage. grant and convey the co-slgner'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, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to tbe provisions of Section 18. any Successor in Interest of Borrower wbo 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 unless Lender agrees to such release In writing. The covenants and agreements of this Security Instfllment shall bind (except as provided In Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connecllon 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. In regard to any other fees. the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not he construed as a prohihltlon on the charging of such fee. Lender may not cbarge fees that are expressly prohibited by tbls Security Instrument or by Applicable Law. If tbe Loan Is subject to a law which sets maximum loan charges. 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 permitted limits. then: (a) any such loan charge shall be reduced by the amount necessary to reduce the cbarge to the permitted limit; and (b) any sums already collected from Borrower whicb exceeded permitted limits will be refunded to 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 prepayment without any prepayment charge (whether or not a prepayment 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 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 all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower bas designated a substitute notice address by notice to Lender. Borrower shall promptly notlty Lender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of 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 notice to Lender shall be given by delivering it or by mailing It by first class mall to Lender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in conneclion with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrument Is also required under Applicabie Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instrument. 16. Governing Law: Severabillty: Rules of Construction. This Security Instrument shall be governed by federal law and the law of the jurisdiction in which tbe Property is located. All rigbts and obligations contained in this Security Instrument are subject to any requirements 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 conlIict 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 gender shall mean and include corresponding neuter words or words of the feminine gender; (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 one copy of the Note and of this Security Instrument. 18. Transfer of the Property or a Beneficial btterest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in tbe Property, Including. but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intentnof which is the transfer of title by Borrower at a future date to a purchaser. If all or any part of the Property or any Interest in the Property 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 Immediate payment in full of all sums secured by this Security 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 Borrower notice ofacceleratlon. 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 NEBRASKAuSingle Family--Fannle Mae/Freddie Mac UNIFORM INSTRUMENT Form 3028 1/01 Page 7 of 11 DocMagic~~ aOO-6.g.1362 l/IfWW.docm..com t>> ~ yv0