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201200550 7 2. Borrower Not Released; Forbearance By Lender Not a Waiver, Fxteusion of the Cime for paymeut or modification of amortization of tl�c sums secured Uy this Security uielrrunent g�anted Uy l,endar Eo Borrowex or airy Suacessor in Hrterest of Borrower shall not operafe to raleasa�Yhe liabllily oP Borrower or any Sucecssors in Intarest of Borrower. Lenc1er shall not be requircd to coimnenee proceedings againsE any S�iocessor in InCereai of Borrower os ta refuse to sxYend time for�ayment t�r otliecwise modit'y�tnortization of Yhe sums secured by this SeciuiCy Inelrumcnt Uy reason of any demand made by tho origiiial F3orrower m any Successors in Literest of Borrower. Any Porbearance by Leuder in exercising eny right or re�ncciy including, witliout 1imitation, Lender's ecceptance of paymenfs fi�oin tl�ird persons, entities or S�iocessors in InCereeC oP Bonvwer ar ii�amoLmts less thaxi Uie unount then clue, shal] not bcu waiver of or preclude the exercise of nny vighC or reincdy.. 13. Joint and Several Liability; Co-signers; Successors and Assigns Baund. Borrc>wcr covenants and agrees that Borrower's obliga[ions and liability el�al] Uc joint and several. Howaver, nny Borrawcr who co-sigiLS this Secwity Insdument but does ilot exeoute the Notc(a"co-si�ner"): (�) is co-signing lhis SccuTity Instrument only to mortgage, grant and convey the co-signer's interest in flie Property under the terms of this Secuxity Inslrwnent, (b) Is not personaSly obligated to pay the aiuvs sccurcd by Ybis Secm�itiy Instrmnent; and(c) agrees thnt Lender and any other Borrower can agcae to extend, modify, for6ear or t��ake any accom�nodations with regard to the terms of this Seci�rily IneL�umont or The Note without Yhe co-siguer's coneont. SuUject to the provisions of Section 18, �ny Successot in InCerast of 13orrowat who assutnes Borrower's oblibations under this Security Inst��tunent in writing, �nd is appmved by Lender, shall obtain all of Borrower's rights�ncl bcnofits under this Security Instrnuient. Doxrower shall nat bo relcased from Borxower's obligations uid liability uuder tl�is Seowity 6istrutnaiit unless Lendex agrees Co such rolcase in writing. Tha covenanEs and agreemente of Chis Seourity&�strument shall Uind(except as�rovided 'm Section 20) azul benefit the suoceseors and assigns of Lender. 14. Loan Charges. T,ender may eharge Borrower £ees far servioes performcd in connecYion wilii Borrower's deP�ult, for Che purpose of��ro{ecting Lender's interest in the Property and rights nndcr tl�is Sccucity Ineh•ument, inclnding, bnt not liinited to, attorncys' fccs, property inspeeYion and valnfU9on£ees. In regard to any other feas, the absence of expresa nuEhority in this Seourity Instruinent to charge a spzciPic fee to Borrower yhall not be construed as a prohibition on khe eharging of such fce�. Lender inay not cliarge feea that are expressly prohibited by thie Seciu�ity Inetrumcitt or bp Applicable Law. PP tho Lou�is aubjecl to a law which scts maximuin loan charges, and that lnw is finally interprefed so that the interest or ather lonn ch�u•ges collecCed or to be collectcd in counect'ion witli tha Lo<1n axceed the permitCed limits, tlien: (a) any such loen ch<�s�e shall be reduoed hy thc amow�t uecessary to reduce the charge to t1�e�per�nitfcd limit v�d(b) any sums a�h•eady collecYsd fror�Dorrower which exceeded permitted 1nniCs wiPl he refimded to Boxrowar. Lendor may choosc to tna1ce fliis refwid by reducing the principt�l owed uuder the Note or by making a direct pn}anent to Borrower. If a refund roduces priucipal, the reduction will Ue h�eaced as a partial prepayment��iChout anq pre�syment chtu•ge(wheClier ar not a prcpayiizent charge is provided for uudcr thc Notc). Rorrowe�•'a acceptance of any such refund made by direct p�yinent Eo Borrower will conatihite a waiver of any right of acHon Borrower inight have arisixig out of euch overoh2rge, 15. Notices. All noticc;.a givct�Uy$orrower or Lender in ooimecYion with thtis Security Instruv�enC inusC be in ��iting, .4ny noLice Co Borrower in cormcction with this Secarlty I�istrument sha11 be deemed to have been given to Borrower whan mailed by first class mail or when actually iielivcred to Borrower's notice adclress if sent by otlier means. Notice to any one Borrower shall constitute notioe Co all Borrowccs unloss ApplioaUle Law expressly requires otl�orwiso. 'Phe ncafice addrese shall Ue the Property Addresa u#iless Borrowei has zqooaooa NEBF2A3KA-5ingle F'amlly-Fennle M aelFretldle M ec 11Nl FORM IN9TRUM ENT Form 302 B 1101 VMPO VMPBNE) 1706) Wollers Kluwer Flnanclal Ser�ices Page�11�oi 1'/