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201i001i9 Successor in Interest of Borrower shall not operatc ta release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to cor►amence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Barrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, �.ender's acceptance of payments fronn third persons, entities or Successors in lnterest 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. Borrower covenants and agrees that Borrawer's obligations and liability shall be joint and several. Hawever, any Borrower who co-signs this Security Instrument but does nat exacute the Note (a "co-signer"): (a) is co-signing this S�curity Instrurnent 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 abligated to pay the sums secured by this Security Instrument; and (c) agrees that L.ender and any other Barrower caa 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 ta the provisions af Section 18, any Successor in Interest of Borrowet who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this 5ecurity Instrument. Borrower sha11 not ba released from Borrowet's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements af this Security Instrument shall bind (except as provided in Section 2Q) and benefit the successors and assigns of Lender. 14. Loan Charges. L,ender may ck�arge Borrower fees for services performed in connection with Borrawer's default, for the purpase 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. In regard to any other fees, the absence of express authority in this Security Instrurnent to charge a specific fee to Borrower shall not be construed as a prohibition on the charging af such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the I,oan is subject to a law which sets rnaximum loan charges, and that law is finally interpreted so that the iz�terest or other loati charges callected or to be coll�cted in connection with ihe Laan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded pez�rnitted limits will be refunded to Barrower. Lender may choase to make this refund by reducin� the principal owed under the Note or by making a dirECt payznent to Borrower. If a refund reduces principal, the reduction will be treated as a partial pr�payment without any prepayment charge (whether or not a prepayrnent charge is provided for under the Nate). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Boxrower rnight have arising out of 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 Instrument shall be deemed to have been given to Borrower when rnailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one $orrower shall constitute notice to all Borrowers unless Applicable Law expressly requires atherwise. Tha notice address shall be the Property 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 specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. There may be only one designated notice address under this Security Instrument at any one time. Any notice to Lender shall be given by delivering it or by mailing it by �rst class �xaail to I.ender's address stated herein unless Lender has designated another address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have been given to Lender until actually received by Lender. If any notice required by this Security Instrurnent is also required under Applicable Law, the Applicable Law requirement will satisfy the corresponding requirement under this Security Instruznent. 16. Governing Law; Severability; Rules of Construction. This Security Instrument shall be gover.ned by federal law and the law of the jurisdiction in which the Property is located. All rights and obligations contained in this Security Instrurnent are subject to any requirements and limitations of Applicable Law. Applicable Law rnight explicitly or implicitly a11ow the parties to agree by contract or it might be silent, but such silence sha11 not be construed as a prohibition against agteernent by contract. In the event that any provision or clause of this Security Instrurnent or the Note conflicts with Applicable Law, such conflict shall not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision. As used in this Security Instrument: (a) words of the nnasculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (c) the word "may" gives sole discretion withoat any obligation to take any action. 17. Borrower's Copy. Sorrower shall be given one copy of the Note and of this Security Instrurnent. 18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, "Interest in the Property" means any legal or bene�cial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the fransfer of title by Borrower at a future date to a purchaser. If a11 or any part of the Property or any interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written conscnt, Lender may require irnmediate payment in full of all sums secured by this Security Instrument. Hnwever, this option shall not be exercised by Lender if such exercise is prohibited by Applicable Law. If Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less than 30 days from the date the notice is given in accordance with Section 15 within which Barrower NEBRASKA--Single Family--Fannie Mae/Freddie Mac UNIFORM INSTRUMENT DocMa�i��rrmn�; aoo-sas•tssz Form 3028 1/01 Page 7 vf 11 www.docmagic.com Ne302R.doc.xml