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20�20�3�� Borrower shall be in default if any acflon or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material itnpairment of Lender's interest in We Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Secflon 19, by causing the acflon or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture 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 that are attributable to the impairment of Lender's interest in the Properly 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 We order provided for in Section 2. 12. Borrower Not Rel�sed; Forbearaace By Lend� Not a Waiver. Extension of the time for payment or modificaflon of amortization of the sums secured by tl�is Security Instrument granted by Lender to Borrower or any Successor in Interest of Bonower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by We orlginal Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Bonower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and 5everal Liability; Co-signers; Successors and Assigns Bound. Bonower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Bonower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under We terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Securlty Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accommodaflons with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Bonower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under this Securlty Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Inshvment unless Lender agrees to such release in wrlting. The covenants and agreements of this Securlty Instrument shall bind (except as provided in Section 20) and beneflt the successors and assigns of Lender. �8�1$� — Single Famlly -- Favnia Mea/Freddio Mec UHII+ORM IN Form 3028 UO GCC - G3028-12 (09/Ol) (Page 12 ofl9) ��Initials: �_ r