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201207093 Sectuity Instrument,whether or not then dne. "Opposing Party"means the th'vd party that owcs Boaower Miscellaneous I'roceeds or the party agains[whom Rorrower has a right of action in regard to Miscellaneons Proceeds. Borrower shall be in dcfaul[if any action or proceeding,whether civil or criminxl, is begun that, in Lender's judgment, could result u�forfciture of the Properry or othei�material impainneut oF Lender's interest in the Property or rights under this Security Instrument Borruwer can cure such a default and,if accelerntio�has occarrcd,rcinstatc as providcd in Scction 19,by causing thc action or procccding to bc dismisscd with a ruling that, in Lender's judgnent, precludes fodeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award or claim for damages tha[are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. BorrowerNot Released;ForbearanceBy LenderNot a Waiver. Estension of the time 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 Borrowec shall not opetate to rcicase the liability of$orrower oi any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refi�se to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Intcrest of Boaowcr. Any forbcarance by Lendcr in exercising any right or remedy including,without limitation,Lender's aceeptance of payments from tbird persons, entities or Successors in Interest of Borcower or in amounts less than the amount then due, s6all not be a waiver of or prechide the exercise of any right or remedy. 13. JointandSeveralLiability;Co-signers;SuccessorsandAssignsBaund.Boirowcrcovenantsand agees that Borrower's obligations and liability shall be joint and several. However,any Borrowcr who co-signs this Sccuiity instrumcnt but docs not cxceutc thc Notc(a "co-signcr"): (a) is co-signing this Secivity Instrument only to mortgage, grant and convey the co-signer's interest in the Property under[he terms oti this Security Instrument (b)is not personally obligated to pay the sums sectaed by this Seeurity Instrument; and(c)agrees that Lender and any other Boaower can agree to ex[end,modify, forbear or mxkc any accommodations with regard to the terms of this Security Instmmcnt or the Note without the co-signer's consent. Subject to thc provisions of Section 18, any Successor in Interest of Bonower who assumes Borrower's obligations under this Securiry Iustrument in writiug, and is approved by Lender, shall obtain all of Borrower's riglits aud benefits uuder this Security Instrument. Borrower shall not be released from E3orrower's obligations and liability unJer this Security Instcument unless Lcnder agrees to such releasc in writing.The covenants and agreements of this Security instrument shall bind(except as provided in Section 26)and bencfit the successors and assigns of Lender. 14. Loan Charges.Lender may charge Borrower fees for services performed in connection with Borrower's defattlt,for the purpose of protecting Lender's i�iteresf in the Property and rights under this Secarity [nstn�ment, including, but not limited tn, xttorneys'fccs, property inspection and valuation fees. in regard to any other fees, the abscnce of express authority in ihis Security Instrument to charge a specific fee to Rorrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees thxt xre cxpressly prohibited by this Secuiity Instrument or by Applicable Law. NE6FASKASi�gle Femily-Fannie MadF'edtlie Mac UNIFORM INSTRUMENT N9TH MERS Form 30281/01 VMP PJ VMPBA�NEj ry 105)00 Wotters KluwrorFinanclai Services Pega 11 of 1➢ II I I II IIII I I!II NI II II I I II I NIII I I II I I I I I II I II III q03309249118 0233 313 1117