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. .° � : ; : 201100008 days established by Applicable Law after the date the notice is given, Lender is auihorized tn cc>llect and apply the proceeds, at its option, either to restoration or re�air of ttie Property or to the sums secured by this SecuriCy Instnunent, whether ar not then due. CJnless Lender and Borrc�wer otherwitie; agree in writing, any application of proceeds t�� principal Sliall not extend or postpone the due dat� ol the payments 1'ayment of 1'rincipal and interest; Late Charges and Funds for '1'axes and lnsurance or change the amount of sucl� payrnents. Borrower Nut Released; Fnwbearance By Lender Not a Waiver. �,xtenaion of the time for payment or moditication of amortization c�f the sums secured by this Security Instrument granted by Lender to any successor in interest of I3orrower shall nol operate to release the liability of the original Borrorver or T3orrower's successors in interest. l.ender shall nnt be required to cornmence proceedings against any successor in inter�;st or refuse to extend time for paymene or otherwise modify amdrtization c�f the sums secured by tliis Security lnstrument by reason of any demand made by the original Borrower or Borrower's successors in interest. Any t��rUearance by I,ender in exercising any ri�ht c�r remedy shall not be a waiver af or �reclude the exercise of any right or remedy. Successors and Assigns Bound; Joint and Several l,iability; Accommodation Signers. TIYe covenants and agreements of this Security Inst� shall bind and.bene�l the successors and assibna c>f Lender and Borrower, subject to the provisions of section titled Transfer of tlie 1'roperty or a Beneficial Interest in Borrower. Borrower's covenants and agreements shall be joini and several. A�ty person who co-signs this Security Instrument Uut does not execute the Note ("Elccommodation Signer"): (a) is co-signing this Security Ii�stnameni only to mortgage, grant and convey that Acconunodation Signer's interest in the Pro�erty under the rernis of the Security Cnstrurnent; (b) is not personally obligated to pay fhe sums secured by this Security lnstrument; and (c) agrees that Lender and any otlier Borrowei� m�y a�ree to extcnd, modi `ty, fi�rbear or make any accomn�odations with regard to the ter►ns of tliis Seci.irity Instrumeiit or ttae Note without that Acco�nmodation Signer's consent. I�oa�i Charges. If the loan secured by this 5ecurity Cnstn�mei7t is subject to a law which sets maximum loan charges, and tliat law is finally interpreted so that the interest or other loan char�es collected or to bc: collecCed in connection with the loan exc;ced ll�e percnitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce ihe charge to the pern7itted limits and (b) any sunis already collected trom Borrower which exceeded pern�itteci limit5 will be refunded to Borrower. Lender may choose to make this refund by reducing the princi�al owed tinder fhe Nc�te or by inaking a direct paymenC to Borrower. If a refund reduces princ;ipal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. Notices. Any notice to Borrower provided for in this Security Instniment shall be given by delivering it or by �nailin� it by lirsC class mail unless Ap�licable Law requires u5e of annlher meChod. The notice shall be directed tc� the I'roperty Address or any other address k3orrower dcsignates by noCice to I,ender. Any notice tn L�nder shall be �iven by tirst class mail to C,endc�r's address stated herein or any other address Lender designates by notice to Borrower. Any nc�ticc provided for in this Security InstrumenC shall be deemed to have been given ta Borrower or Lender when given as provided in this paragraph. Governing Law; Severability. Tliis S�curity Instrument sha11 be governed by federal law and the laws of the state of Nebraaka. In the cvent that any provision or clause of fhis Security Instr«rnent or the Note conflicts with Applicable Law, such conf7ict shall not atiect other provisions of this Security Intitrum�;nt or the Note which can be given eti:ect withouC the contlictin� provision. 'I'o this end the provisions of this Securiry Instrument and tlie Note are declared to be severable. Borrower's Copy. �3orr��w�r ahall he given one conformed copy of this Security Tnstrument. '1'ransfcr of th� Property or a Bene�cial Interest in Borrower. If all or any part of the Property or any interest in it ia sold or trantifcrred (or il� a benelicial interesC in Borrower is sold or transferred and l�orrower is not a natural person) unless the Note tihowti that Borrower's laan is assumable, Lender may, at its option, require immediate payment in ft�ll of all sunts 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 fhis Security lnstz If the Note shows fhat F3orrower's l�an i5 assumabl�, Borrower must obtain Lender's written pern�ission for an assuniption and ti�ilow any other rec]uiranenta of T,ender related to �n ass�un�tion. Tf I3prrower does not do 50, Lender may require immediate payrne►�t in full of all surns secured by tliis Securiry Inslrument. If C.ender exercises this option, Lender shall �ive Borrower notice of acceleration. The notice shall provide a period of not less than die minimum number of days established by Applicable Law 1'rom the date tl�e notice is delivered or mailed within which Borrower must pay all sums secured by this Security Insirurnent. If Borrower lails lo pay these swn5 prior to the expiration of thiti period, I.ender may invoke any reznedies permitted by this Security Instniment without fi�rtlier notice or demand on Bon Borrower's Right to Rei��state. If Borrower meets certain conditions, Borrower shall have the right to have enforcement of this Security Tnstrument discontinued at any tiine pz to the earlier of: (a) 5 days (or such other period as Applicable I.aw may specify for reinstatement) before sale o£ the Property pursuant to any pc�wer of sale contained in this Security liistnn7ient; or (b) ent.ry of a jndgment enforcin� this Security Instrumc;nt. 'l'hose conditions are that Borrower: (a) payti Lender all �ums whicl� fhen would be due under this Security Insts and the Nc�te; as if no acceleration had occurred; (b) cures any default of any oiher covenants or a�;reements; (c) pays all expenses incurred in enti�rcin�; this Security Instrument, including, but not limited to, reasonable attorneys' fees to the extent l�er►nitted by law; and (d) takes such action as Lender rnay reasonably require to as5ure that the lien of fhis Security Instrument, Lender's rights in ihe Property and 13orrower'ti obli�;ation to pay the sums secured by this Security Instrument shall continue unchanged. Upon reinstatement by Borrower, this Securiry Instrument and the obligations secured hereby shall rernain tully ef1'ective as if no acceleratinn had occurred. However; this �C� :004-2010 Camplirncc Systcros, Inc. 880d-9PA2 - 20111.113378 . (;pnsumc�� Rnal Rstulc - Sccurity Instnnncnt DL2U3G . Pagc 4 nf G . www,compliuncesystcros.com