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20110887� 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortizarion of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any • Successors in Interest of Bonower. I,ender shall not be required to commence procee�ings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this S�urity Instrument by reason of any demand made by the original Borrower or any S�ccessors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors 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 reme�y. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Bonower covenants and agr�s that Borrower's obligations and liability shall be joint and several. However, any Bonower who co-signs this S�urity Instrument but does not ex�ute 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 Se,curity Instnunent; (b) is not personally obligated to pay the sums secureri by ttus Securiry Instnament; and (c) agrces that I.ender and any other Bonower can agree to extend, modify, forbear or make any accommodations with regazd to the terms of this S�urity Insmiment or the Note without the co-signer's consent. Subject to the provisions of Se,ction 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Se,curity Instrument in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under this Security Instrument. Bonower shall not be released from Bonower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agr�nents of this S�urity Instrument shall bind (except as provided in Sectio,n 20) and benefit the successors and assigns of L.ender. 14. Loan Charges. Lender may chazge Borrower fees for services performed in conn�tion with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' f�s, property inspe�tion and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Bonower shall not be construed as a prohibition on the charging of such fee. Lender may not charge f�s that aze expressly prohibited by this S�urity Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpret� so that the interest or other loan charges collected or to be collected in connection with the Loan exc�d the permitted limits, then: (a) any such loan charge shall be reduc.ed by the amount necessary to reduce the charge to the permittecl limit; and (b) any sums already collected from Borrower which exc,ee�ierl permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal o�s+efl under tiie Note or by making a direct payment to Borrower. If a refund reduc� principal, the re�uction wi11 he �eated as a partial �repaymemt without any prepayment charge (whetl�er or not a prepayment charge is provided for under t�e Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constiU3te a waiver of any right of acrion Bonower might have arising out of such overcharge. � 5. Notices. All norices given by Borrower or Lender in conn�tion with this S�urity Instrument must be in writ�ng. Any notic� to Bonower in connection with this S�urity Instrument shall be deemed to have bcen given to Bonower when ma.iled by first class mail or when actually deliverefl to Borrower's norice address if sent by other means. Notice to any one Borrower shall consritute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has IVEBRASKA-Single Family-Fannia Mae/Freddie Mac UNIFORM I(VSTRUMENT Form 30Z8 1l01 VMP � VMPBfNE) (1105) Wolters Kluwer Finencial Services Paga 11 of 17 �+ ! �: 'r �. . .