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201201292 12. Borro�wer Not Released; Forbearance By Lender Not a Waiver. ExCension of the time for p2yment or modification of amorfization of The sums secured by this SecuriCy Instrurnent granted by Lender to Borrower oc any Successor in InCeresC oP Boxrower shall not operate to release the liaUility of Borrowcr or any S�tccesso�:s in InCerest of Boxxower. L,endcr shall not be required to conunencc proceedings against any Suceessor in Hrterest of Barrowcr or Co refuse to eatend tiane for payment or otherwise modify amor[izaCion of the sums seciued by this Security InsGtxment by renson of any demand made by the original Borrowcr or nuy Suceessors in Interest of Borrower, Any forbearance by Lender in exercising any rigllt or remecly iiicludiiig, withouC limitation, Lender's acceptance of payments from third persons, enti[ies or Successors iti Interest oP Rorrower or in amoimts less than the amount then due, ehall not be a waiver aP or pieclude tlie exercise of any riglit or remedy. 13, Joint and Several Liability; Co-signers; Successors and Assigns Bound. Rorrower covenants amd agrees that Bmrower's obli�;ations and liability shall Uejoint tmd severaL However,any Borrower who casigns tivs Sccuriry InsC�ument but does not axecuCe thc Nolc (a "co-siguer°}; (a) is co-signing this SecuriCy l�serument only to moxtgage, grant and convey the co-signer's interest in thc Pcoperty under Che terms of tliis Securi�ty Inshument; (b} is noC personafly obligaCed to pay the sums securad by Yhis Seenrity Instrumeut; and (c) 2grees that Lendar and any other IIorrower oan agree lo extend, modiPy, forbear or make any accoinmodati�ns wiCh regard to the terms of this Security Instrument or the Note without thc�co-signer's consent. SuUjeci to the prov3sions of Sectinn lA, any Suocessor in In�eresl of Rorrower wl�o assun�es Borrowei''s obligations under this Security Instrument in wriCing, and is approved by Lender, shall obCain all of Rorrow�er's rights and benefits under this Securi�y Insu•wneirt. Borrower shall not be released frnm Borrower's obligations and Liability under this Seeurity Instrwneilt unlcss Lender agrees to sucl� release in writing. The covenaiiGS and agreements of this Secttrity InetrumenC shall bind (except as providcd in Sectinn 20) nnd bcnefil Che successprs and nssigns of Le¢der. 14. Loan Charges. Lender may charge Borrower fees for scrvices perPonned in eonuection wil'h Borrower's default, for the purpose of protecting Lender"s inYeccsC in the Property and rights under this Securiey Instrument, including, but nat limited to, attoxncys' fees, property iuspec:tion and valuation fees. In regard Io any othar fees, the nUsence of express authority in this Secmity Instrun�enC Co chacge a specific fee to Bonower shall not bc construed as a prohibition on tlie charging of such fee. Lender inay�iot charge fees that arc cxpressly prohibited Uy this Security Instrument or by Applie2Ule Lxw. If the L�am is subjccC to a law whicli sets maximum loan ct�arges, and that law is finally inCerpreted so Chat � thc intcresC or other loan eltarges collected or Co be collected in comiection with thc I,oan exceed the permitted limits, then, {a) amy such loan eharge shall 6e reduced by the amount neeessa�y to reciuce the ehaige to the permitted lirriil; and (b) any suins alieady eol]ccCed'G�om Borrower whiah exceedcd permitted ]imits will be refunded to Borrower. Leucler inay choose to make this refund Uy reducing Uae prineipal owed under the Note or by making a dixect paymcnt to Rorrower. If a refund reduces principal, the reduction will be treated 2s a pu'Cial prepayment wiChouC any prepayment chnrga(whethar or nof a prep2yntent cl�arge is provided for under the Nolc). Borrower's aocepCance of nny such refund made by direcC payinent to Borrowex will constitutc a waiver oP any righi af act3on Borrower might have arising out oY such overeharge. 15. Notices. All notices given by Borrower or Lender in com�ection wi�h this SecGtrity Ins[runient niusC be in writing. Any notice to Bort�ower in ponnection with this Security Inetrument sl�all be deemod Co have been given to Borrower when malled by f�rst�class mail or when achially delivered to Bocrower's notice address if sent by other means, Notice to any one Borrower shall consCitute notice t�r all 13orrowers imlass Applicable Law expressly requires otherwise. The notice address sliall b�the Properry Address unless Bocrowcr has � �� ' za000a5e NEORNSKA-Singla Femlly-Fennio Mao¢mddie Mac UNIfORM INSTRUMENT Ponn 3028 1l01 VMP�n VMP6WEI li'106� Wolmrs Kluwor Finanolal Scrvioec Pe9a 11 of 1�