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~OU005503 interest of Borrower shall nol operate Co release the liability of the original Borrower or Borrower's successors in interest. Lcndcr shall not be required to commence proceedings against any successor in intcrest or refuse tv cxtcnd time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Burrower or Borrower's successors in interest. Any forbearance by Lcndcr 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 of this Security Tnstrument shall bind and benefit the successors and assigns of Lender and Borrower, subject to the provisions of section titled 'I"ransfer of the Property or a Ieneficial 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 Borrower may agree to cxtcnd, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Contract without that Accommodation Signer's consent. Loan Charges. If the loan secured by this Security Tnstrument is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest ar 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 Borrower. Lcndcr may choose to make this refund by reducing the principal owed under the Contract or by making a direct payment to Borrvwer. 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 Tnstrument 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 or any other address Borrower designates by notice to Lender. Any notice to Lcndcr 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 Lender 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 of this Security Tnstrument or the Contract which can be given effect without the conflicting provision. To this end the provisions of this Security Tnstrument and the Contract are declared to be severable. Borrower's Copy. Borrower shall be given one conformed copy of this Security Instrument Twansfer of the Property or a Beneficial Interest in Borrower. If all ar any part of the Property or any intcrest in 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 of this Security Tnstrument. Tf C,ender exercises this option, Lcndcr shall give Borrower notice 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 tv the expiration of this period, Tender may invoke any remedies permitted by this Security Tnstrument without further notice or demand on Borrower. Borrower's Right to Reinstate. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this 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 3^ 2004-2008 CupyrigM Cnnyiliance Sy5lcuu, Inc. 748D-GYBE - 2008.10.289 www,compliancccysrcros,cnm Cunxumcr Rcul E•siam - Sccurily Inntrumonl DL203G Pagc 4 of 7 M00-9AR-R522 -Fox 616-95A-I RAM