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2011001�2 Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in L.ender's judgment, could result in forfeiture of the Property or other material irnpairment of I.ender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in I.ender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this 5ecurity Instrument. The proceeds of any award or claim for damages that are attributable to the impairmenc of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or rnodification of amortization of the sums secured by this Securiry Instrument granted by Lender to Borrower or any Successor in Int�rest of Borrower shall not operate ta release the liability of Borrower or any Successors in Interest of Borrower. L.ender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment ar otherwise modify arnortization of the sums secured by this Security lnstrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by L,ender in exercising any right or remedy including, without limitation, Lender's acceptance of payrnents from third persons, entities or Successars in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. $orrower covenants and agrees that Borrower's obligations and liability shall be jaint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that I.ender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Barrower's obligations under this Security Instrurnent in writing, and is appraved by I.ender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreernents of this Security Instrument shal.l bind (except as provided in Section 20) and benefit the successors and assigns of I..ender. NEBRASKA -- 5ingle Family -- Fannie Mae/F}eddie Mac i1NIFORM INSTRUMBNT Fornt 30Z8 1 Ol GCC - G302$-12 (09/Ol) (Page 12 of 19) Initia ��V