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201201012 12. Borrower Not Released; Forbearance By Lender Not a Waiver. �xYension of the time for paytnen[or niodificatioiz uf amortization oP Che sums seeured hy this Security InsCrument graiited by L;ender to Borrower or any Successor in Interest of Borro�wer shall not operate to release the liabilily of Borrower or any Successors in InteresC of Borrower. Leoder shnll �iot be required Co commence proceedit�gs against any Suceessor in Inferest of Borrower or Cc� refuse to exCend time for payment or oU�erwise modiYy amorCii,ation of thesun�s secured by this Securily 1nsCrument by reason of any demuid made by the original Borrower or xny Sueccssors in InCerest of Boerower. Auy forbearance by Lender in excrcisivg any right or remedy including, wlthout]imitation, Lender's acceptance oY paymenfs �From third persons, enfiHes or Suwessors in InteresC oP Borrower or in amowits less tl�aii the amounC (hen due, shall not be a waiver of or precludc Ure exercise of any riglit or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. B�rrowcr covenants and agrees tl��t Borrower's obligations and liability shall bejoint and sevetal. Howevex, any Rorrower wlio co-si�ns this Security Lnstrument but does not execnte the Note (a "cc�-signcr"}: (a) is co-signing this Seourity 1nsCrument only to mortgage, gra�if and convey the co-si�;ner's inferest in the Property uuder the tarms oP C4is Security Instniment;�(U) is not personally obligated to pay the sums secuied hy d�is Securi6y instrumenY; a��d (c) agrees that Lender and any other Borrower can agree to extend, inodify, forbcar or make any accommodations with regard to Che Cerms of this SecuriYy Instrument ox the Note wilhout the eo-signer's conseiit. Snbjec[to [he provisions of SecCion 18, any Succesaoi in Intexest�of Boirower who assumes Borrower's obligations under lhis Sacurity Instrutnent in writing, uid is approved by Lender, shall ohYain all of Borrower's rights and beneflYs wider this Security Instrument. Eoreower shall not be releas€d froni Rorrower's oblig�aCions and liability under this SecaxiCy Instrument unless Lender agrees to such release in wrlting. Tlie covenants and •agreements of Chis Security InsYrument shall bind (exoept as provided in SecCion 20) avd benefit tlie successors and assigns of Lender, 14. Loan Charges. Lender may chargo Borrower fees for services performed in connecCion with Borrower's dc�fault, Yor the puipose oP prolecting Lender's interest in the Property and rights under tlris Security lnstrument, including, bnt noY IimiCed to, 2ttorneys' fees, properCy inspection and valuation fees. In rega�d to any oUter Pees, the absence of express authority in t'his Securiry Instrument to clilrge a specific fee t'o Borrower shall noC be consCrued as a prohibition on tl�e charging af such fee. Lender may not charge fees CfiaC are expressly prohiUited by tliie Security Insuument or by Applicable Law. If the Loan is subject to a law whieh sats maximum loan charges, aud That law is final1y inteipieted so th.it the interest or oChcr loan cbarges collected or fo Ue w1lec;ted in oonncc6ion with the Loan exceed the permiCCed [imits, then: (a) any such loan cliarge slial] be reduccd by the ainounT necessary to eeduce the charge to the�permiYCed limiY; and (b) az�y sums already collected from Bnrinwer which exceedcd permitted ]itniCS will be refunded to Borrower. Lendcr may choose to make this refund by ieducing Che principal owed uudei the Note or by muking a direcC payment to Ba�rower. If a tefund reduces principal, the reduetion will be treated as a partial prepayment wiChouC any prepayment charge(whether or not a prepayment eharge 3s provided for under the Note), Borrowar's acceptauce tif any such rcfund made by direct payment to Borrower will eonstitute a waiver oY any rigLl aP action Bon`ower mighC liave arisiiig out of such overcharge. 15. NoYices. All noCiees given by Barrawer or Lender in connecCian with this Securiry Insh'unient nzust bc in writing. Any uotice to Borrower in uonnection wiCh Chis Secw•ity Insttument�shFill be deemed to have been given to Borrower wl�eii inailed by firsC class mail or wlien achially delivered to Boreowar's notice address if sent Uy other mea�ie. Notice Co any one Borrower s1i211 constitute noflce to all Bocrowers unless Applicable Law cxpressly requires otherwise. The nodce addreus shall be the Properfy Address unless Borrower lias _— � _�—�— 24000132 NEDRASI<A�Sin01e Famlly�Farnle MaelFreJdle Mec UNIFORM INS�I HUMENT Po�m 3028 1101 VMP @� VMPGINEI(11051 Wolters Kluwor FlnanclN Sorvioos Paqo 11 ai 1]