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201008934 acceleration has occurred, reinstate as pravided in Section 19, by causing the action ar proceeding to be dismissed with a ruling that, in Lender's ,judgment, precludes forfeicurc of the Property or other material impairment nf I.ender's interest in the Property or rights under this Security Instrument. 'I"he proceeds of any award or claim for damages that arc attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceecis that are not applied to restoration or repair ot' che Property shall be applied in the order provided for in Section 2. 12. Borrower Not Iieleased; Farbearance By Lender Not a Waivcr. Extension of the time for payment or modi�cation of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to releasc the liability of $orrower or any Successors in Interest of Borrower. C,ender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend tin�e for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of azly demand rnadc by the original Borrower or any 5uccessors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persnns, entities or Successors in Interest of Borrower or in amounts less than the amount then due, sl�all not be a waiver of or preclude the exercise of any right or remedy. 13. doint and Several Liability; Co-signers; Successors and Assigns Bou��d. Borrower covcnants and agrees that Borrowcr's obligations and liability sl�all be joint and scveral. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this 5ecurity 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 nbligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree t� extend, modify, forbear or make any accon�rnodations with regard to the [erms of lhis Security Instrument or tl�e Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Incerest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lendcr, shall obtain all of Borrower's rights and bene�ts under this Security Instrumcnt. Borrower shall nc�t 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 Instrument 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 connectinn 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. [n regard to any other fees, the absence of express authority in this Security (nstrument to charge a specific fee to Barrower shall not be construed as a prohibition on the chargia�g 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 inaxi�num loan charges, and that law is finally inter�reted 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 arnount necessary to reduce the charge to the permitted limit; and (b) any sums already collected fro�tt Borrowcr which exceeded permitted lirnits will be refunded to Borrower. Lender may choose to make this refund hy reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be tr�atcd as a partial prepayment without any prcpayment charge (wl�ether ��r not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment ro Borrower will constitute a waiver of any right of action Borrower rnight have arising out of such overcharge. 15. Notices. All notices given by Borrowcr or Lender in connection with this 3ecurity Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deerned 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 n�eans. Natice to any one Borrower sliall constitute notice to all $orrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promp[ly notify I.ender of Borrower's change of address. If Lender specifies a procedure for reporting Borrower's change of address, then $orrower shall only report a chan�e of address through that specitied procedure. NEBRASKA - Sinyle Family - Fannie MaelFreddie Mac UNIFORM INSTRUMENT ,} �-61NE1108t�1 Page loot 15 �nitia�s'� h�-� Form 3028 1l01 � .£ � ., " t d'� , • ! , � �