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2ooso3ss3 interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in intcrest. Lcndcr shall not be required. to commence proceedings against any successor in interest or 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 Borrower's successors in interest. Any forbearance by bender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. Successors and Assigns Bound; Joint and Several Liability; Accommodation Signers. The covenants and agreements ofthis Security Instrument shall bind and benefit the successors and assigns of Lender and $orrowcr, subject to the provisions of section titled Transfer of the Property or a Beneficial Interest in Borrower. Borrower's covenants and agreements shall be joint and several, Any person who co-signs this Security instrument but has no personal liability under the Contract ("Accommodation Signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey that Accommodation Signer's interest in the Property under the terms of the Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other $orrower may agree to extend, modify, forbear or make any acconimodationsvith regard to the terms ofthis Security Instrument or the Contract without that Accommodation Signer's consent. h.oan Charges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan Charges, and that law is finally interpreted sa 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 charge to the permitted limits and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to $orrower. Lender may choose to make this refund by reducing the principal owed under the Contract or by making a direct payment to $arrawer. If a refund reduces principal, the reduction will be treated as a partial prepayment under the Contract. Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by mailing it by first Class mail unless Applicable Law requires use of another method. The notice shall be directed to the Property Address ar any other address Borrower designates by notice to Lender. Any notice to Lender shall be given by first class mail to Lender's address stated herein or any other address Lender designates by notice to Borrower. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Lcndcr when given as provided in this paragraph. Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the state of Nebraska. In the event that any provision or clause of this Security Instrument or the Contract conflicts with Applicable Law, such conflict shall not affect other provisions ofthis Security Instrument or the Contract which can be given effect without the conflicting provision. To this end the provisions ofthis Security Instrument and the Contrilcc are declared to be severable. Borrower's Copy. Borrower shall be given one conformed copy ofthis Security Instrument. Transfer of the Property or a Beneficial interest in Borrower. If all or any part of the Property or any intcrest inn it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person) without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date ofthis Security Instrument. If Lender exercises this option, Lender shall give Borrower notrec of acceleration. The notice shall provide a period of not less than the minimum number of days established by Applicable Law from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security Instrument without further notice or demand an Borrower. Iorrower's Right to Reinstate. If $orrawer meets certain conditions, Borrower shall have the right to have Cnforcemcnt ofthis Security Instrument discontinued at any time prior to the earlier of: (a) 5 days (or such other period as Applicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale ~ 20U4-ZUUR Copyright Compliance Systrna, Inc. 74EU-8bF7 • 20U8.1U.289 www.compliancesystems.com Consumer Rcxl Estate -Security lnstrumcnt DL2036 Yage 4 of l SW-9G8.8522 -Fax 616-95G1868