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201008397 acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be disix�issed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment af Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the im.pairment of L.ender's interest in the Property are hereby assigned and shall bc paid ta Lender. All Miscellaneous Proceeds that aze not applied to restoration or repair af the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension af the time for payrnent or modification of amortization of the sums secured bq this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower sha11 not op�rate to release the liability of Borz�ower or any Successors in Interest af Borrower, Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizatian pf the sums secured by this Security Instrument by reasan of any demand made by the original Borrower or any Successors in Interest af Bprrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, J.ender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than thc amount then due, shall not be a waiver of or preclude the �xercise of any right or remedy. 13. Joint and Several LiabilIty; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's abligations and liability shall be joint and several, However, any Borrower who co-signs this Security Instrument but doas not execute the Note (a "co-signer"): (a) is ca-signing this Security Instrument only to mortgage, grant and convey the co-signer'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 Securicy Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assurnes Barrower's obligations under this Security InsCrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instn�ment. Borrowar shall not be released from Borrower's obligations and liability under this Security Instrurnent unless Lender agrees ta such release in writing. The cavenants and agreements of this Security Instrument shall bind (except as pxovided in Sectipn 2�) and bene�t the successors and assigns of L.cnder, 14. Loan Charges. Lender may charge Bonower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Tnstrument, 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 Instrurnent to charge a speci�c fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is �nally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the pernutted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to ttxe permitted limit; and (b) any sums already collected fram Barrower which exceeded permitted limits will be refunded to Borrower. Lender rnay choose to make this r�fund 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 prepayrnent charge (whether or not a prepayment charge is pravided for under the Note). Borrower's acceptance af any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out pf 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 Instrurnent 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 any one Borrawer shall constitute notice to all Borrowers unless Applicabl� Law expressly requires otherwise. The notice address shall be the Froperty Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender speci�es a procedure for reporting Borrower's change of address, then Borrower shall only report a change af address through that speci�ied procedure. '1 NEBRASKA - Single Family - Fannie Mae(Freddie Mac UNIFORM INSTRUMENt �-6�NE) 108111 Pege 10 of 15 in�t� i r Form 30Z8 1/01 e 6 �f ,+ , .� + . . r . � 1 �� e) r � ..