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201206748 12. @orrower Not Released; Forbearance By Lender Not a Waiver. Extension of the iime for payment or modification of amortization of the sums secured b}�tlus Secunty IiLstrument ganted vy Lender to L�orrower or any Successor �n InteresT of Borrower shall not operate to release the liability of Borro�ver or any Suceessors in Intexest of Boxrower. Lender sfiall not be xequired ea connnence proceedings against any Successar in Interest of Bon-ower or to refuse ko extend time£or paymaut or othenuise modify amortizarion of thz sums secured by this SecL�rity Instrument by reason of any denkwd mnde by the original Borrower or any Successors in Inteaest of Boaower. Any f�rbeatance by Lender in�ercisaig any righf or semedy including, without limitarion, Lendei s accepta��ce of payments &om th3xd persons, emities or SuccessOrs in Interest of Borro�ver or in amounts less than the atnount then due, shall not Ue a waiver of or preclude the exercise of any right or remedy. 7 3. Joint and Several Liability; Co-signers; Successors and Assigns Bound. B�rrower covanants and agrees that Borrower's obligakons and liability shall bejomt and several. However, any BoiYower who co-signs tlus Security Instrument but does not execute the Note(a"co�-signer"); (a)is co-signing this Seaurity Instrument only to mortgage, b ant and convey fhe co-siener's interest in thc Property under the terms of this Securit7Instnunent; (b) is not personally obligated to pay the sums secured by this Security Instnunent and(c) agre�thaf Lender and any olhei Borrowex can agree to extend, modify, farbear or malee any accominodations v✓ith regard Co the terms of this Security Insh-mnent or the Note without the cQ-signer's consent. Subject to the provisians of Sectian 18, an}r Successor ia Tnte�est of Borrowei who assnmes Borrower's obligafions under this Securlty Inst�vment in wrifing aad is approved by Lender, shall obtain all of Bonower's ri2hts and benefiis under this Security Instnzmcnt. Borrower shall not be released from Borrower's obligations and liability under this Security Instn¢nent imless Lender agrees to sueh reIease in v�✓riting_ The covenants and a�eements of this Security Instrument shall bind(except as provided in Secfion 20) and benefit the successors uid assigns of Lender. 14. loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for Yhe purpose of pxotecting Leader's in'texest in the ProperEy aud rlghfs under this Security Insh-mnent, including, but not limited tq attomeys' fees, property inspeetion and valuation fees. In regard to any other fces, the absence of express authority in this Security Instrument to chazge a specific fee to Borrower shall not be construed as a prolubition on the cl�arging of such fee. Lender may not chazge fees that are expressly prohibited Uy fliis Security Instrument or by ApplicaUle Law. If the Loan is subject to a law which sets maximiun loan cflarges, anel that law is finally inteipxeted so that the interest or other loan charges col7ected ar to be coliected in coivicction u�ith the Loan exceed the permitted liinits, then: (a) any such loan chazge shall be rednced bj the amomrt necessary to reduce the ctu�rge fo the peimitted limit; �d(b)any sums already coIlected from Borrower which exceeded pennitted limits will be refundecl to Boaower. Lender may choose to make this refiind by reducu�the principal owed under the NoYe or by mal�ag a direct payment to$�rrower. If a refund reduces prineipal, fhe reduction will be LreaLed as a partial prepayment without any prepaymen[chargc(whether or not a prepayment charge is provided for under the Note). Borrower s acceptance of any such refund.made Uy direct payment to Borrower will covs#itute a�vaiver of any right of action Borrower might have arising out of sueh ovcrcharge. 15. Notices. �71 nokces given by BorroweT or Lender ir1 connection with thys Security Instnzment must be in wriring. Any nonce to Borrower in connection w:tlx fhis Security Instrwnent shall be deemed to have been given to Borro�er when mailed by first class mail or when actually ctelivered to Borrowex's notice address if sent by otfier means. Notice to any one BorXqwea� shall consritute notice to all Borrowers imless Applic2.ble Law expressly requires otherwise. The notice address shall.be the Properiy Address unlcss Borrower has zaaoi�ea NB.^�J15KASingleFamily-FannieM2eiReddiePAacUNIPORR9 WSTRUMFTIT Form30281/01 vmp r vmps(NH(�aos7 W cl.ers Kluw er Financisl Servfces Page 11 of i]