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201201147 12. Borrower Not Released; Forbearance By Lender Not a Waiver. P,xtension ofthe time for p�yment or modificntion of amortlzntion of the aums secured by tlus Secm'ity Instrument gra��ted by l.ender to T3orrowe� or any Successor ui Interest of Borrower sl�all not operate to release the liability aP Borrower or any Sucoeseors in lnterest of Borrower. Lender shall uot be required to commence proceedinga againsC any 5ucccsdor in Infcrest of Boerowcr ar to rafiise to exteud time for payinent or ofherwise modify amorrizarion oP the sums secured by this Seourity InstnunenE by reason of any de�nand made by tha original Borrower or eny Succeasors in Interest of Borrower. Any fotbearance by Lender in esercieing any righf or remedy including, wilhout limitaYion, I,ender's accepteuce of pnymenta fi•oin thixd persons, entities or Succcssors n1 7nt�cest of Bosxowex ox in aniowits]ese tl�an the ainottnt tlimi due, s1�aI1 not ba a waiver of or preclude the exerci�e oP any righti or i�omcdy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrowcr cc>vcnants a„d agrees that Aorrower's obligalions andliability shall Uejoint nnd several. However, nny Borrower who co-si�;ny Lhi� Seccuity lnstrumant but doe.s not execute tl�e Note(a"co-signer"): (a) is co-sig�ning this Security I��shui��ent only to morCguge, grant and convay fl�c�co-si�,nie�'s interest in the Propesty under tihe 4err�a oP�lhis Secitritiy InsLriimenC; (b) is nof peisonally oblig�led to pay tho eiu��s seciu'ed bq this Secm'ity Hiah�mnent; nnd(o)agrees t1�at Lender �nd any otlier Borrower o<�n ngree to extend, inodify, forbea�-or mnke any aecommodations with regerd to tho tarms of this Secw�ity Instrunient or the Note without the co-signer's consent. SuUject to the provisions oF Section 18, any Successor in Interesti of Borrower who asswnes Borrower's oblibatic�ns�'uuder this Sec`m ity In�t��ui2�ent in writing, and is a}�proved by Lei�der, shall obtain all of Borrowei's��ighta nnd U�nefite under tlua Seci�ri[y Instrument Borrower eh111 uot be releas€d fioin Borrower's obligations and liability under this Secw•ity Instrwnent unlass Lender agrees io such relenae in writing. The covenants and agreemente of this Secm�ity]nstrmnent shall bind(exoept as provided in Section 20) ei�d bcnofit tl�c s�iccessors and assi��s of Loi�dor. 14. Loan Charges. l,ender may chv�ge Rorrower fees for services performed in comiection witih Borrower's default, for the purpo�e oPprolecting Le��dcr's intcrest in the Property and righty und�'thie Seotuity Instrnment, inchiding, but not limited to, attarneys' fees, property inspection and vnhintion Pee.s. Hi regnrd to any other fees, the aUseuce of'express zuthority ui this Secm•ity InstrumenC to charge a specific fee to Borrowor s1�a11 not be construcd as a prohibition on the charging of such fee, Lender may not cl�aige fees that are expressly prohibited by tlus Secwity InsCnunent or by Applicable Law. If the Loan is subjecY Yo a law which sets maxnnuin loan charges, and that law is �nally inte�pretul so tl�at t6e interest or othet loan cliargos collected or to be collected�i conuectioii with the Loaai exceed tha permitCed limifs, tl�en: (a) tu�y such loan clilrgc shall be reciuced by thc an�ounti nocossary ko reduce the chaxge to the permitted limit; and(b) any sums already collected froin Bonrower whioh exceeded pennitted limits will be rePundecl ta Borrower. Lender m�y choosa to make this refiind by reducing the prinoipal owed under the Note or Uy malcing a direct payinent to Borrower. IP a ref'und reduces principal, the reduction will be h�eated as �pu�tial prepaymcnt wifl�outi any prcpayiiiciit cl�arge(�vhether or not a prepaymank charge is provided£oc nnder the Note). Borrower's acceptano�of nny siioh xefimd made by ciireEt payment to Borrowac will constitute a waiver of euy right of action Borrower niight have arising ouC of such overcherge. 15. NotiCes. All notices given Uy Borrower or Lander iu coimection wiYh thie Security Inshvmeut must be in wr�tn�g. Any notice to Borrower in conuection with tl�is Security Hietrument sha11 be deemed ta have bean given Cp Borrower when mailed by firsC claas mail or when actually dalivorcd ta Bor�rowe�''s noHce address if aent by othex u�eezis. Notice to any one Borrower shell consrihrte notioe Co all Borrowers unleas Applicable I.aw expressly requires otherwise. The uoYiae addresa shall be Yhe Property Addxesa unlesa 13orrower hns zaooavs NGORASK�Singlo F¢mlly-Fennlo Mao7F�etldle Mao UNIfORM INSTRUM FNT Farm 3028 1/01 VMP Vu VblP3�NE1(1705) VJolters Kluwer Pinanclal Serelces Page 41 of 17