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201206674 Securiry Instrument, whether or not then due. "Opposing Pm�ty" means the third party that owes Borrower Miscellaneous Proceeds or the party against whom Horrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in defeult if any action or procceding, whether civil or criminal, is begun tLat, in La�der's judgnent, could result in forfeiture of the Property or othar material impairment of Lender's interest in the Properry or rights under Uus Security Inshvment. Bosower can cure such a default and, if acceleration hsa occurred, reinstate as provided in Section 19, by causing the acrtion or proceeding to be dismissed with a ruling tUat, in Lender's jud�e,nt, predudes forfeiture of the Properry or otLer material impairn�ent of Lender's interest in the Property or rights under this Security Instmment. The procceds of any awazd or claim for damages that are amibutable to the impairment of Lender's interest in the Property�e haeby assigned and sball be paid to Lender. All Miscellaneous Procceds that are not applied to restoration or repair of the Propeity shall be applied in the order provided for in Section 2. 12. Bortower Not Released; Forbeazance By Lender Not a Waiver. F�cteusion of the time for payment or modification of amortiretion of the sums sacured by this Security Instrumeut granted by Lender to Borrower or any Successor in Interest of Horrower sha11 not opaate to release tha liability of Horrower or any Succes�rs in Interest of Borrower. Iznder shall not be required to commence proceedings againat any Successor in Interest of Borrower or to refiLse to actend time for payment ar otherwise modify amorl�zatian of the s�nns s�ured by this Secasity Instrument by reason of any demand ma�by the original Borrower or any Successors in Intercat of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of paymenta from tUird persons, entiries or Swcceasors in Interest of Borrower or in amounts less dian the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 7 3. Jolnt and Several Liability; Co-sip�rs; Succ�ors and A�igns Bowid. Horrower covenants and agrees that Borrower's obligarions and liability shall be joint and several. However, any Borrower who co-signs tlus Sec�rity Ins7ument but does not erzecute the Note(a"co-signer"): (a)is co-signing flus Security Insm�ment only m mortgage, grant and convey the co-aigner`s interest in the Property under the terms of tkris Security Instrument; (b)is nM personally obligated to pay the sums secured by flris Security Instrument; and(c)agrces that Lender and any othe.r Borrower c�n agce to extend, modify, forbear or malce any accommadations with regazd to the terms of tlus Security Inslrument or the Note without the co-signer's consent. Subject to the provisions of Sedion 18, any Suooe.ssor in Interest of Borrower who assumes Borrower's obligations under flris Secvrity InsWment in wriring, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Insuument. Horrower sl�all not be released from Borrower's obligations and liability under tlris Security Instrument unlesa I.ender agrces to such release in writing. The covenants and agreEments of this Security Inshvment shall bind(except as provided in Section 20)and benefit the successors and assigns of Lender. 7 4. Loan Chdrges. Lender may charge Borrower fees for services performed in connection with Borrower'e default, for the purpoae of protacting I.arder's intarest in the Property and rights under tkris Security Insu�ument, including, but not limited to, attomeys' fees, property inspection m�d valuation fees. In regazd to mry other fces, the absence of eicpress authority in ttris Security Instrument to cherge a specific fee to Borrower shall not be consmied as a prolu�bition on the charging of such fee. Lender may not charge feEs tbat are expressly pmlribited by ttris Security InsVument or by Applicable Law. P300252832 D VBANE NEetGSKAiGnpN funiry-Fennie MaeiFretlAb Mx UNIFONM INSTNUMENT W fTH MEAS Fam 3028 7/01 VMP(w VMPBA(NEl 11105I WWtss Kluwx Fnentiel 3ervicas Pape 11 W 1]