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201201696 12. Borrower Not Released; Forbearance By LendQr Not a Waiver. tixEc„siDn of the time lor pannent oc modrficatiml of amoxtizatioi� of t1�a stiuns seci�red by this Sectuity Instrliment grauTed by Lenda to Borrowcr or euy Sucoessor in InteresC of Borrower shal] no#operate to release the liability of Barrower or any Sucoessors in Interest o#'Borrower. Lender sh�ll not be required Co wmmence proceedings agatnst aary Successor in Literest of Borrower nr to re4itse to exteud tnne for pflymenC or othcrwi�c modify amortieation of thc sums secm'eci by this Security Tnstrnment by reason of any deirklnd made(�q the original Bon•ower or any Succesaors in Hiterest of Borrower. Any forboarance by f,ender in exercising any right or remedy including, wifhouC liinitalion, Lender's accep'taucc of pay�ncnts from tliird persona, entiYies or Successors in Interest of Borrower or in amounYs lesa thau the�unount fhen due, aheil] not Ue a waiiver of or precltiide{1ie exercise of any right or remedy. 13. Joint and 5everal Liability; Co-signers; Soccessors and Assigns ESOUnd. Borro�ver coveii�nts and agrccs tl�ati Borrowcr'�s ohligations avd liability shall bc joint and scveral. FIowever, auy Borrowac who co-signs this Security Ins�nment but does not execnite the Note{n"co-�ig��er"): (a) is co-sr�;ni��g this �acurity Instrumant only to mortgage, grant and eonvay Yhe co-signer's interest in tl�e Prope��Cy under the terms of this Seonrity lnsh•mnent; (b)is not personally obligated t�o pa�y the smns seoured by thie Seam�itiy Instrnmcnt, and(c) agrees El�at Lendar and any otl�er Borrc�we�'can agrcc to extend, modify, foi$ear or malce u�y aocoimnodaCion�with regnrd to the te�nvs oP lhis Security Instrument oe tlt�Notc without tl�o co-eigi�cr's consenC. SubjeeL Lo the provisiosvs oP Sec6ion 18, any Suocessor in InCeres6 of Borrower who assumcs Borro�ver's obligntioiis under this Securiry IiuUUinant in�sniting, nnd is approved Uy Lenciei, shall abtain all of Borrower's rights end Uenetits Lmde��tUis SecLirity liistrument. Borrower shall uot be released Frotn Borre7wer`F obligntione�ncl 1i16iliCy mider 11iis Sceurity Insti umcnt unlcns Lender agrees to snch releaso in writing. The covennnYs and�greeine�its of this Seciuity Instnunent shnll bnid(excepf as�rovided in SecHon 20j and Uenefii the successors and assigns of T,ender. 14. Loan Charges, Leuder m�y charge I3orrower£ees ibr services perlormed in connection with Borrower's def�utlE, for tlie purpose of protccting Lender's interest in the Property and righls under Yhis Security Iustru�u��C, including, l�ut noC lin�ited fo, aCCOrneys' fces, propert�inspcctirn� and valuation fees, In xebard to any other fees, the absence of express euthoiiry in this Secm•ity Instrumenl to chargo a spccific fcc to� . Borrower shall not Ue c�nstrued as a prohibition on tlte charging of�such fee. Lender n�y not chacge fees. that are expressly prohibited by tliie Security InsYrumene or by Applicablo Law. If the Losuz is subject Eo a law which sets ma�immn loan chu�ge.s, �nci tl�ttti law is finally interpreted so t7ist flie interest or oUier loan charges collected or to ba colleoted in coimection with 11ie Loan cxc ecd the pern�itited limits, thcn: (a) any such Ioan cl�argo shall be reduced by t�he vnomit necesu�y Yo rednce the ch�u•ge la the pexmitteci limit nnd (b) any sums�Iready colleotc;rl froin Borrowe� wluch exceeded pernutted liinits x�ill be reiiuided to Boirower. Lender may choose to make thie refimd 6y rcducing thc;principal �wed Luider the Note or Uy maleing a direct payment to Borrower. IY a refund reduces principal, Che reducCior�will he t��cated as 1 partial prc,�}�a}hncnti witil�out any prepayment ch�ige(whetiher or not a prepayment oharge is provided 'Por mider the Note). Borrower'a accepCance of ai�y suc1�refiind nuzde by direct pnyment to Borrower will ¢onstitute a waiver af any right o£ncLiou S3orrower uvghti havo arising oLrt of such overoh�ige. 15. NotiCes. All notices given by Borrower or Lender in comiecCion wi'(1i thi� Scci�rity In,strumenC must be in writing. ltny notice ta Borrowar in coiuiacCion with this Security Ineh•uu�eni shall be clecmed to havc bccn given to Borrowcr whcn nlailcd by first c1ass mail or when actually delivered to Borrower'a notioe address if sent by other meet�s. Notice to any one Borrower shall constituto notice to all Roirowers iwless flpplicable Law expresely requires otherwise. The notica address ehall be Ehe Property Addreae unlcss Borrower has za000�ss NEOF451(A-Singlo Family-Funnlo Mne/Fre�die Mao ONIFORM INSTRUM5NT Form 3026 1101 VMP� VHIP6�NC�(1105) Wolters Kluwer Financial 5ervices Page 11 oi 1"!