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201202001 12. Borrower Not Released; Forbearance By Lender Not a Waiver, Eztension of lhe time for payment or modification oP amortization of the sums secuced by tl�is Security LnsCrument grantecl �y I,ender to Borrowar or 2ny Successox in futerest of Borrower shall not oporate to release the liabilify of Borrowcr or any Successors in InCarest of Borrower. Lender shall not be required to commence proceedings against a��y Successor in Interesk of Borrower or Co refuse to extend time for payment or othcrwise modify amocCization of the sums seelued by tl�is Sccaritq Instrument by reason oY�my demancl mada by fhe origival Borrower or any Successors in Inteeest aP Eorrower. Any forbearauce by Lender in exercising any righf or remecly including, wi[hout limitation, Lender's acceptance o3'payments from third persons, enCities or Succcssors in Interest of Borrower or in amounCs ]ess than the amount Chen due, shall not 6a a wuver of or preclude the axercise of any righC or remedy. 13. Joint and Several Liability; Co•signers; Successors and Assigns Bound. Borrowzr coveuants and agrees that Borrower's oUligations and liability shafl Uejoint and severaL However, any Borrower wl�o eo-signs tliis Secuilty Inslxument buC does noC execute the Note (a "co-signer"); (a) is co-signin�;this Security Instrument ouly to mortgage, grui[and convey Che co-signer's interest in Ihe Property under the terms of tliis SecuriCy InsCrument; (6} is not personally obligaYed To pay Yhe sums secured by this Seeurity InstrunienC; and (c) agrees t1i2t Lender and any other Borrower can agree to exte�id, modiPy, forbear pr ivalce �my accommodations with regaz'd to Che Cerms of this Secucity Histxument or the Notc wiChout tl�e eo-signer's consent. Subject lo the provisione of Section 18, any Successor in InCerest of Borrower wl�o assumes Borrower's obligations uuder�Yhis Security Lnstrument in wriCiaig, and is approved by Lcnder, sha[I ohYain all of Borrower's rights and beiiefite under this Security Instiument. Rorrower shall not be released from Borrowei's �bligations and lial�ility under tl�is SecuriCy Instrument�inless Lender agrees to such release in writing. The covenants and ageeements oP CUis Security Instiument sl�all bind (except as provided in SecCion 20) and benefit tlie successors xnd assigns of Lender. 14. Loan Charges: I,ender may oharge Borrower fees for seivices performed in conneccion with Borrower's dcPaalt, for the purpose of protecting Lender's interest in the Property and righCS under tliis Security Instrumeut, including, but not limited Co, atCOrneys' fees, property inspection and valuaCion fees. I�i rekard Co any o[her fees, [he absence of express authoriry in this SecuriCy Ins[rument Co eharge a specific fec to BorrowcL shail not be consCrued as a proliibition on the cha�ging of such fee. Lander may not charge faes that are expressly prohibited by this Sacuriry Instrument or by Applicable Law. If tltc Loan is sub,ject to 11�tw wHioh scts maximum loan chlrges, and that law is finally interpreYed so thnC the�interesY or otliei loan chargcs collectetl or m 6e collected in co�i�iection wilh the T oan exceed t7�e permitted limics, tlien: (a) any eueh loan cl�lrge shall be recluccd by the amount necessaiy to reduce thc chaige to [he p�rmitted limit; and(b) any sums already� collected from Borrower wl�ich exceedcd panniCted limits will be rcfunded to Borrowee. Le�ider may choose lo make Yhis refund by ceducing thc principal owed under Che Note or by mnldilg a direct paymcnl to Borrower. If a refund reduces pxincipal, lhe re�luetion will be freatecl as a parCial pcepaymcnC without any prewayment cl�arge(whether or noC a prepaytnent cliarge is provided for under the Note). Borrower's acceptance of.ury such cefund made by direct payment Ca Borrower will�constihrtc a waiver oP any cight of action Borrower might have arising out of sucli overcharge. 15. Notices. All notices given by Borrower or Leuder ui connectioo wiCh Phis SeeuriCy InsCrument n�ust be in writing, Any ilotice to Borrower in connection w3th this SecuriCy InstrumenY sl�all be deemed to have been given to Borrower when mailed by ficst class mail or wl�en �tetu�lly delivered t� Borrower's nntice address if senf by other mea��s. NoCice to any nne Borrower shall constitute notice to all Rorrowere unless Applicable Law expressly requiree ocherw'tse. Tl�e notice nddress shall be the Prnperty Adclress unless Bc�rrowcr l�as — --�—�— � � za000�zo NG6f1ASKFl-Single FemIIY-fennle MnalFroAdla Muc UNIFORM INS'BUMF:Ni Furrti 3028�107 �Mp� VMPGINEI411051 OV011crs Kluwar Fiwnalal Scrvloac PeUe 11 of 1]