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' �0110� <br />r e, �i � i � <br />i r� <br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend <br />or postpone the due date of the payments Payment of Princfpal and Interest; Late Ch�rges and Funds for <br />Tazes and Insurance or change the amount of such payments. <br />Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or <br />modification of amortization of the sums secured by tUis Security Instrument granted by Lender to any successor in <br />interest of Borrower shall not operate to release the liability of the original Borrower or Borrower's successors in <br />interest. Lender shall not be required to commence proceedings against any successor in interest or refuse to <br />extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by <br />reason of any demand made by the original Bonower or Bonower's successors in interes� Any forbearance by <br />Lender in exercising any right or remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br />Successors and Assigns Bonnd; Joint and 5everal Liability; Accommodatlon Signers. The covenants and <br />agreemen of this Security Instrument shall bind and benefit the successors and assigns of Lender and Bonower, <br />subject to the provisions of section titled Transfer of the Property or a Beneficfal Interest in Borrower. <br />Bonower' covenants and agreements shall be joint and several. Any person who co-signs this Security Instrument <br />but does ot execute the Note ("Accommodalion Signer"): (a) is co-signing this Security Insttvment only to <br />mortgage, , t and convey that Accommoda.tion Signer's interest in the Property under the terma of the Security <br />Instrumen�r (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that <br />Lender ani� any other Borrower may agree to extend, modify, forbear or make any accommodations with regard to <br />the terms di this Security Instrument or the Note without that Accommodation Signer's consen� <br />Loan Chalrges. If the loan secured by this Security Instrument is subject to a law which sets maximum loan <br />charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in <br />connection with the loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the <br />amount necessary to reduce the charge to the permitted limits and (b) any sums already collected from Borrower <br />which exceeded permitted limits will be refimded to Bonower. Lender may choose to make this refund by <br />reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces <br />principal, the reduction will be treated as a partial prepayment without any prepayment charge under the Note. <br />Notices. Any notice to Borrower provided for in this Security Instrument shall be given by delivering it or by <br />mailing it by first class mail unless Applicable Law requires use of another method. The notice shall be directed to <br />the Property Address or any other address Bonower designates by notice to Lender. Any notice to Lender shall be <br />given by first class mail to Lender's address stated herein or any other address Lender designates by notice to <br />Borrower. ',Any notice provided for in tUis Security Instrument shall be deemed to have been given to Bonower or <br />Lender wh,�en given as provided in this paragraph. <br />Governin Law; Severability. This Security Instrument shall be govemed by federal law and the laws of the state <br />of Nebras . In the event that any provision or clause of this Security Instcvment or the Note conflicts with <br />Applicabl Law, such conflict shall not affect other provisions of this Security Instrument or the Note which caa be <br />given effe' t without the conflicting provision. To this end the provisions of this Security Instrument a.nd the Note <br />are declaz d to be severable. <br />Borrower� s Copy. Borrower shall be given one conformed copy of this Security Instrument <br />Transfer �f the Property or a Beneflcial Interest in Borrower. If all or any part of the Properly or any interest <br />in it is sold or tra.nsferred (or if a beneficial interest in Borrower is sold or iransferred and Borrower is not a <br />natural person) unless the Note shows that Borrower's loan is assumable, Lender may, at its option, require <br />immediate payment in full of all sums secured by this Security Insirumen� However, this option shall not be <br />exercised by Lender if exercise is prohibited by federallaw as of the date of this Security Instrument If the Note <br />shows that Borrower's loan is assumable, Borrower must obtain Lender's written permission for an assumption and <br />follow any other requirements of Lender related to an assumption. If Borrower does not do so, Lender may require <br />immediate payment in full of all sums secured by this Security Insttvmen� <br />If Lender exercises this option, Lender shall give Bonower notice of acceleration. The notice shall provide a <br />period of not less than the minimum number of days established by Applicable Law from the date the notice is <br />delivered or mailed within which Borrower must pay all sums secured by this Security Instrument. If Borrower <br />fails to pay these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this <br />Security Instrument without further notice or demand on Borrower. <br />Borrower�s Right to Reinstate. If Bonower meets certain conditions, Borrower shall have the right to have <br />enforcemei�t of this Security Instrument discontinued at any time prior to the earlier of (a) 5 days (or such other <br />period as t�pplicable Law may specify for reinstatement) before sale of the Property pursuant to any power of sale <br />contained'�in this Security Instrument; or (b) entry of a judgment enforcing this Security Instru,men� Those <br />conditionsl aze that Borrower: (a) pays Lender all sums which then would be due under this Security Insmament <br />and the N te as if no acceleration had occurred; (b) cures any default of any other covena.nts or agreements; (c) <br />pays all e nses incurred in enforcing this Security Instrument, including, but not limited to, reasonable attorneys' <br />fees to the, extent permitted by law; and (d) takes such action as Lender may reasonably require to assure that the <br />lien of thia, Security Instcvment, Lender's rights in the Property and Borrower's obligation to pay the sums secured <br />by this Se�urity Instrument shall continue unchanged. Upon reinstatement by Borrower, this Security Instrument <br />and the obligations secured hereby shall remain fully effective as if no acceleration had occurred. However, this <br />right to reinstate shall not apply in the case of acceleration under the section titled Transfer of the Property or a <br />Beneficial Interest in Borrower. <br />� 2004-2010 Complieace Syatems, Inc. EEO&ISSA - 2010.03.378 <br />Coasumer Reet Hstete - Secutity Instivmeni DL2036 Page 4 of 6 www.compllanceaysteme.com <br />