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�� 9 2. Borrower �lot Released; Forbearance By Lender Not a Waiver. Extension of.the time for payment or - mo 'dif'ication of amortization of the sums secuzed by this Secnriiy rn. �*�ent �ed by Lender to Bonower or any Successor in Interesi of Borrower shall not operate to release the liability of Barrower or any Snccessors an Interest of Borrower. Lender shall not be required to commence proceed.ings against any Successar in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizatian of the sums secured by ttzas Security Instrument by reasan of any demand made by the original Borrower nr any Successors in. Intezest of Bnrrower. Any forbearance by Lender in exercising aay right or zemedy including, without Iimitation, I.ender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or greclude the exercise of anry zight or remedy. 13. Joint and Severa! Liability; Ca-signers; Successors and Assigns �ound. Borzawer cavenants and agxees that Borrower's ohligations a.�l liability shall be joint and ssveral. However, any Borrower who co-signs tl�is Security Instrument but daes not execute the Note (a "co-signer"): (a) is co-signing this Security Inshwnent only to mortgage, grant and aonvey the co-sigger's interesfi in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secuxed by this Securitty Iustrumant; and (c) agrees that Lender and any other Borrower can agree to e�end, modify, faxbear or make . any accommodations with regard to the terms of this Securiiy Instrument or the I�Tote without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Barrower's obligations under this Security In• *nP� in vvriting, and is approved by Lender, sluall obtain alI of � Borrower's rights and benefits under tbiis Secnrity Instrs�ment. Borrower sbat.l not be �eleas�ed from Borrower's obligaiia� and liabiliiy under this Security Inshvment unless Lender agrees ta such release in writing. The covenants and agreeme�s of this Secnrity Instrument shall bind (except as provi.ded in Secfion 20) and benefit the successors and assigns of Lender. 7 4. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for tine purpose of protecting Lender's interest in the Property and rights under this Sscurity Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to anp other fees, the absence of express suthority in this Security Instrument to charge a sgecific fee ta Barrower shall nQt be construed as a prohibitian on the clzacging of such fee. Lender may not ck�arge fees that are expressly proliibited by this Security Instrument or by Applicable Law. If the Loan is subjec# to a law which sets maximum loan charges, and that law is fi�ally interpreted so that the interest or other loan cl�arges collected or to be collected 'zn connection with the Laan exceed the permitted limits, then: (a) any such loan char�e shall be reduced. by the amount �cessary to reduce the charge to ihe permiited limit; and (b) any sums already collected from Bnrrower which exceeded permitted Iimits will be refimded to Borrower. Lenciez may choase to make this refixnd by reducing the principal owed. under the Note or by making a direct payment to Borrower. If a refund reduces principal, tlze reduction will be treated as a partial prepayment withaut any prepayment charge (whefher or not a prepayment charge is provided. for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrowcr will constitute a waiver of any right of aation Borrower might have arising out of such overcharge. 7 5. Notices. All notices given by Borrower or Lender m connection with this Secnrity Insbniment must be in writing, Any notice to Borrower in co�ection with this Security Instniment shall be deemed to have been given to Barrower when mailed by firsf class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall co�stiiute notice to all Borrowers unless Applicable Law e�cpressly requires otherwise. The notice address shaU be the Property Address unless Bonower has NF9�KA-Single Femily-Fermla MleetFreddie Maa UhUFORM INSTRUMENT Form 3028 1/a1 VMPBINE) I11081.00 Wolmta Kluwer Firmricial 5eMces Page 17 nf 17