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201206537 12. Borrower Not Raleased; Forbearence By Lender Not e Walvar. Extension of the ame For payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Bonower shall not operate to release the liability of Boaower or any Successors in Intetest of Borrower. L,ende�shall not be required[o commence proceedings against any Successor in Interest of Borrower or to refuse to eztend time for payment or otherwise modify azaortization of the sums secured 6y this Security Instnunent by reason of any demand made by the original Bonower or any Successors in [nterest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payme¢ts from third persons, entities or Successors in Interest of Borrower or in aznounts less[han the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-slgners; Successors and Assigns Bound. Bonower covenants and agrees that Borcower's obligations and liabiliry shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note(a "co-signer"): (a) is co-signing this Security Insaument only to mortgage, grant and convey the co-signer's interest in the Property undet the terms of tlris Security Instrument; (b)is not personally obligated to pay the sums secured 6y this Security Insuument; and(c) agrees that Lender and any other Borrower can agree ro extend, modify, forbear or make any accommodations with regard to rhe terms of this Security Instrument or the Note withou[the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Bonower's obligations under this Security Instrument in writing, aud is approved by I.ender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. 1'he covenants and agreements of this Securiry Instrument shall bind(except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. I.ender may charge Borrower fees for services performed in connection with Bonower's default, For the pwpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited[o, attorneys' Fces, property inspection and valuation fees. In regard to any other fees, the absence of express authority in ffiis Security Instrument to chazge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not chazge fees that are expressly pmhibite�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 finally interpreted so that t6e interest or other loan chazges collected or to be collected in connection wiW[he Loan exceed the permitted limits, then: (a)any such loan charge shall be reduced by the amount necessary[o reduce the chazge to the permitted limit; and (b)any sums already collected from Borrower which exceeded permitted limits will be refunded to Borcower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the reduction will be treated as a partial prepayment withou[any prepayment charge (whether or not a prepayment chazge is provided for under the Note). Borrower's acceptance of any such refund made by d'uect payment ro Borrower will consti[ute a waiver of any right of action Borrower might have arising out of such overchazge. 15. Notices. All notices given by Borrower or Lender in wnnection with this Security Insm�ment must be in writing. Any notice to Borrower in connecrion with this Security Inshvment shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's norice address iF sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable I.aw expressly requires otherwise. The noace address shall be We Property Address unless Borrower has V�P�SKA-SInB�e Pemlly-Fennie MeelFradtlle Mec UNIFORM INSTRUMENT Fotm 3028 1/01 VMP6INE)(1906�.00 Wal[ars Kluwe�Flnenclel Servicee Pege 1 t of 17