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2011089 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this S�urity Instrument grantefl by Lender to Borrower or any Successor in Interest of Bonower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proccedings 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 Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitarion, Lender's acceptance of payments from third persons, entiti�s or Succ�ssors in Interest of Bonower 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 Bonower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not exe.cute the Note (a "co-signer"): (a) is co-signing this Security Instniment only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Insm�ment; (b) is not personally obligated to pay the sums se�urefl by tius Security Instrument; and (c) agrees that Lender and any other Bonower can agr� to extend, modify, forbear or make any accommodations with regazd to the terms of this S�urity Instrument or the Note without the cfl-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Bonower's obligations under this Security Instnunent in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under tYus Security Instrument. Bonower shall not be released from Borrower's obligations and liability under this S�urity Instrument unless Lender agrces to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Se,ction 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may chazge Borrower f�s for services performefl in connection with Bonower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attomeys' fees, property inspection and valuarion fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a spe,cific fee to Bonower shall not be construed as a prohibition on the chazging of such fee. Lender may not chazge f�s that aze expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maxunum loan charges, and that law is finally interpretefl so that the interest or other loan chazges collected or to be collected in connection with the Loan exceed the pernutted limits, then: (a) any such loan charge shall be reduced by the amount n�sary to refluce the charge to the permitted limit; and (b) any surns already coll�ted from Bonower which exc,eedefl permitted limits will be refunded to Borrower. I.ender may choose to make this refund by re�tucing the principal owed under the Note or by maldng a dire�t payment to Borrower. If a refund reduces principal, the reduction will he treate� as a partiai prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by dir�t payment to Bonower will consritute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in conn�tion with this Security Instrument must be in writing. Any norice to Bonower in connection with this Se�urity Instrument shall be de�me� to have be�n given to Borrower when mailefl by first class mail or when actually delivered to Bonower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Bonowers unless Applicable Law expressly requires otherwise. The norice address shall be the Property Address unless Bonower has NEBRASKA-Sing�e Family-Fennie Mae/Fr�die Mac UNIFORM INSTRUMEM Form 3028 1/07 VMP � VMPB(NE) (1105) Wolters Kluwer Financial Services Page 11 of 17 , � , � � �. '•d