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2oo9o~s55 interest of Borrower shall not. operate to release the liability of the original Borrower or Borrower's successors in interest. Lender shall not be required to commence proceedings against any stlcccssor in interest or refi.lsc to extend time for payment or otherwise modify amortization oi'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 Lender 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, 'I'he covenants and agreements of this Security Instrument shall bind and benefit the successors and assigns of Lender and }Iorrower, 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 ibis Security Instrument but has no personal liability under the Contract ("Accommodation Signer"): (a) is co-signing this Security Instrument only to mort};agc, grant and convey that Accommodation Signer's interest in the 1'roperiy 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 Lcndcr and any other Borrower may agree to extend, t7iodify, 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 Instrument 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 charge to the permitted limits and (b) any sums already collected from Borrower which exceeded perrt~ifted limits will be ref~.mded to F3orrowcr. Lcndcr may choose to make this refund by reducing the principal owed under the Contract or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he treated as a partial prepayment under the Contract. Notices. Any notice to I3orrowcr provided for in this Security Instrument shall be given by delivering it or by mailing it by first class mail unless Applicable haw requires use of another method. The notice shall be directed Ur the Property Address or any other address }3orrawer designates by notice to l.,cndcr. Any notice to Lcndcr shall be given by first class mail to L.ender's address stated herein or any other address [..ender designates by notice to I3orrowcr. Any notice provided for in this Security Instrument shall be deemed to have been given to Borrower or Fender when given as provided in this paragraph. Governing Law; Severability. This Security Instrument shall be governed by federal law and the laws of the stale 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 Instrument or the Contract which can be given effect without the conflicting provision. To this end the provisions of this Security instrument and the Contract are declared to be severable. Borrower's Copy, Borrower shall be given one conformed copy of this Security Instrument. Transfer of the Property or a Beneficial Interest in Borrower. if all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in }3orrower is sold or transferred and I3orrowcr is not a natural person) without Lender's prior written consent, Lender rnay, 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 Nnstrument. }f Lender exercises this option, Lender shall give Borrower notice of acceleration. "I'he 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 sw~is prior to the expiration of this period, Lcndcr may invoke any remedies permitted by this Security Instrument without further notice or demand on Borrower. Borrower's Right to Reinstate. if Borrower meets certain conditions, I3orrowcr shall have the right to have enfirrccment of this Security Instrument discontinued al 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 '.:,~Ill)•i-~Ilfll)(: (Inll?Ilnnt.c sMlnlllfi. lilt` A4174l~h~H :IN14.IIS,l Sp i~llll~lllllt'I'I2C>II I-;~1~IIC Sc.c.lll'll)~lulnln?cn)1)I, ~II,M1fi 1'flEC4fll•7 wWW.t'(IIIII)I~IiI~t`nY~lt`Ill~. t'.I~ill