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���ioo�s5 <br />acceleration has occurred, reinstate as provided in Section 19, by causing the actian or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />impairment of Lender's interest in the Property or rights under this Security Instrument. The procee�is of <br />any awazd or claim for damages that are attributable to the irnpairmenC of I.ender's interest in the Property <br />are hereby assigned and shall be paid to Lender. <br />All Miscellaneous Praceeds that are not applied to restoration or repair of the Property shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Nat Released; �'orbearance By Lender Not a Waiver. Extension of tha time for <br />payment or modification af amortization of the sums secured by this Security Instrument granted by L.ender <br />to Bonower or any Successor in Interest of Borrower shall nat operate to release the liability of Borrower <br />or any Successors in Interest af Barrower. Lender shall not be required to com�mence proceedmgs against <br />any Successor in Interest of Borrower or to refuse to extend time for payrnent or otherwise rnodify <br />amortization of the sums secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of Borrowear. Any forbearance by Lender in exercising any right or <br />remedy including, without limitation, Lender's acceptance of payments from third persons, entities or <br />Successors in Interest of Borrower or in amaunts less than the amount then due, shall nat be a waiver of or <br />preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants <br />and agrees that Borrower's obligations and liability shall b� joint and several. However, any Borrower who <br />co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrument only to mortgage, grant and convey the co-signer's interest in the Froperty under the <br />tem�s of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Se�urity <br />Instrument; and (c) agrees that L.ender and any other Borrower can agre� to extend, modify, forbear or <br />make any acconunodations with regard to the terms of this Security Instrurnent or the Note without the <br />co-signer's consent, <br />Subject to the provisions of Section 18, any Successor in Interest of Barrower who assumes <br />Borrower's obligations under this Secwrity Instrument in writing, and is approved by L.ender, shall obtain <br />all of Borrower's rights and benefits under this Security Instrurnent. Borirower shall not be released from <br />Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in <br />writing. The covenants and agreements af this Security Instrument shall bind (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of prote�ting Lender's interesC in the Property and rights under this <br />Se�urity Instrurnent, including, but not lirnited to, attorneys' fees, property inspectian and valuation fees. <br />In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific <br />fee to Borrower shall not be construed as a prohibition an the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instruxnent or by Applicable L.aw. <br />If the Loan is subject to a law which sets maxirnum loan charges, and that law is flnally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exce�d the <br />permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to the pernutted limit; and (b) any sums already collected from Borrawer vvhich exceeded permitted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the <br />reduction will be treated as a partial prepayment without any prepayrnent charge (whether or not a <br />prepayrnent charge is provided for under the Note). Borrawer's acceptance of any such refund made by <br />dlrect payrnent to Borrower will constitute a waiver of any right of action Borrower might have arising out <br />of such averchazge. <br />1S. Natices. All notices given by Banower or Lender in connection with this Security lnstrument <br />rnust be in writing. Any notice to Borrower in connection with this Security Instrurnent shall be deemed to <br />have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's <br />notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers <br />unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to l.ender. Borrower shall promptly <br />notify Lender of Borrower's change of address. If Lender specifies a procedure for r�porting Borrower's <br />change of address, then Borrower shall only report a change of address through that specified procedure. <br />NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INS7RUMENT <br />�-61NE) 108>>1 page 10 of 16 Initials Form 3028 9l01 <br />� <br />"��� <br />