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201201757 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension ofthe time for payment or modification of amortization of t17e sums secured by this Security Instrument ganted Uy Lender to Borrower or any Successor in Intc7est ofBorrower shall not operate to release the liability of Borro��er �r auy Successors in Interest of Borrower. Lend� shall not be requued to commcnee proeeedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizafion of thz sums secured by this Security Inshument by reason of any demand made by the original Borrower or any Snccessors in Interest of Boiro��er. Any fe�rbeazwce by Lender in exercising anv right or reme�3y including, without limitation, Lender's acceptance of payinents froin thirdpersons, entities or Successors in lnterest of BorroR-er or in amounts less than the amount then due, shall not tie a�vaiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agxees Yhat Boriower's obligafions and liability sha11 bejoint and Sevaal. Howevcr, anyBon-ower who co-signs this Security Instrument but does not esecute the 1\TOte (a"co-signcr"): (a) is co-signing this Secuiity Instrument only to mortgage, b ant and convey fhe co-sigici's interest in the Properiy under tl�e terms of this Security Insttument (6)is not personally obligated to pay the sums secuced by this SeCUxity Instnunent; and(c) agrees that Lender and any other Borrower can agree Co extend, inodifq, forhear or makc any accommodations with regard to the tenns of this Securi�ty Instrument or fhe Note urit�hou�the eo�igner's consenf. Subject to the provisions af Sectioa 18, any SuccessQr tn Int'exest of Borrower��ho assLUnes Borrower s obligations under This Security T��strvment in writing, and is approved by Lender, shall obfain all of Borrower's rignts and benefits under this Security Insh-ument. Borrower sliall not be released from BorrOwei's ohligations and liability undcr this Secuiity Instnunent unless I,ender agrees to such release in writing. The covenairts and ageeiuenfs of this Secucity Instrument shall bind(except as grovided in Secrion 20) and bcnefit ihe successors and assigns of Lender. 14. Loan Charges. Lender inay charge Borrower fees for services performed in conneclion a�ith Bonoa�er's defa�dt, for th�purpose of protecting Leader's interest In the Pro�erty andri�ts wider this Sectuity Instrument, inclvding, but not limited to, attorneys' fees, properLy inspection and valuation fees. In regard to any other f�, ��aUsence of express authority in this Seciu-ity Instnuneni to charge a specific fee to Borrower shali not be construed as a prohibiYion on the chazging of such fee. Lendes may not cl�arge fees that aze expressly prohibitd by this Security instnunent or by Applicabie Law. If the Loan is subject to a la�v which sets marunum loan charges, and that law is finally intarpreted so that the interest or oYhar loan chazges collected or to Ue collected in connec[ion with the Loan exceed the perniitCed limits, then: (a) any such loan charge shall Ue reduced by the asno�mt necessary to reduce the charge to the permitted limit; and(b� any s�s already collected£eam Borrower wluch exceeded permitted ]imits will Uc refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or Uy malcing a dircct payment to Borrower. lf a refund reduces principal, the reductiou�vill be treateci as a parEial prepayment�vithouY any prepayment charge(whethex oi not a prepayment chazge is providzd for under the Note). Borrower's acceptance of any such refund made by duect paymen[to F3orrower will constitute a waiver of any iight of action Borrower nught have arising out oL such overcharge. 15. Notices. A11 norices given by Borrower or Lender in connection u�ith this Security Instrument miLtt be in writing. Any nofice to Borrower in comiection with tltis Seeuritq Instrument shall be deem¢d to have becn given to Borrower when mailed by first class mail or when actually delivered to Borrower'S notjce address if scnt bp other means: Nofice to any one Bonower shall constitute notice to all Borrow�ers unless Applicable Law expresslp requires otherc�ise. The notice address shall be the Property Address unless Borrower has @E3RhSi(P,-Sinsle Family-Fannie A1 aelRetltlie fd ac UNIFORM INSTRUM ENT 24000513 VM P p Form 302&1fOt Wolters Kluwer Flnenclal Sxvices VM P6(Nq(1105) P39e 11 of 17