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201207417 12. Borrower Not Released; Forbearance By Lender Not a Waiver, �xteusion of the time for paymcnt c�r modiffcation of amortizatiou oF the aun�s seoured hy[his Security InsG uineut grauted Uy L,ender Co Borrower or any Succossor in ]nterest of Boirinwer shall not operate to r€lease Lhe liability of Borrower or auy Successors in Intercet of Borrower. l.ender shall not Ue requirecl to commence proceedings abainst any � Suocessor in fiitere.4e of Bnrrotvor or to rc�fitse to exte�id time fbr payment or otherwise mociify amortizntion of the suma secured Uy this Security Insf�unmait Uy rcasnn of any demand inade by the original IIonower or any Successors ui Intereat of Borrower. Any forbeaTance by Le�ider in cxercising any right or ramedy including, without limiTation, Lender's accoptAnce of pa}nnents Ytom third persons, cntities dr Successors in Interest of Borrower or in amounts lasa tl�pu the amowrt flien due, shttll not be n waiver of or precludc tho exercise of any right or remec3y. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. 13orro�ver covenvics �nd agrees �1�aC Borrower'�obligations and li�l�ility shall be.joint and several. However, any Bon�ower who co-signs this Seourity flvslrumenl�l�ut�doos not executc the Note(a"oo-signac"): {a�) is co-aiguing tihis Security Instri�meixt only to mortgage, grai�C and coi�vey tho co-signcr's interest in the Prol>erty under the terms aF Chie Sacurity Inshlunent; (b) is not personally obligaled Co pay Lhc sums sccured Uy tl�is 8ecurity inst�wnent; aiad (c) agrees that Lender and nny oYher Borrower oan agree lo exfe��d, inodify, forUeaz or malre wy accominodations with regArd to the tenns oP tlns Security Histrument or the Note withonf fhe co-eigner'F coilsent. Subjeot to ihe prAvisions of 8ectioii 1 R, any Success�r in Interest of Borrower who assumes Barrower's obligaYions ttnciax tlris Seeurity Ineh�ument in wriung, and is t�pprc�val by Lcn<9e��, ehall obtain all of Borrower's rights and benefits Luider tilus Seourity Ins4'mnont. Botrower shall no4 be releuecd fi�om Borrower's obligations and liability undet this Security luetruuieiiC tuilees Lender �greea to such release in writi�n�. The oovenanta �nd agreemenCs of Ni'rs �ccurity It�st��ument sl��ll bind(excepC as provided in SecCion 20) a�id banafit tl�e sneceseors and Assigis of Lender. 1 R. LAan Chat'ges. Leuder may chtuge Borrowcr Feos For sorvioes perFormed in comieclion with Borrower's defa�ult, fbi Yhe purpose oFprotecting Lende��'s interest in the Propcety and rights under this Se��rity Inshunwiit, including, but not limiCed to, aftorneys' fees, property inspection and valuaCion Pccs. In rcgard to uiy other fees, fhe absence uf cxpross authority in t1�is Security Instrumenti tio charge a specific fee to Borrower�hall not be consh��.ied aa a prohibifion on fhe charging of such fec. l,ender inay not cl�arge�feas that are expressly prohibiked by Lhis Sccurity lnst�'mnent or by Applicable Law. � If the Lo�n is sul�jeof fo a law which sets maximum losn cl�arges, aaid'tl�a�C law is finelly intierprete6 so th�t the interest or other loan charges collected or fo be oollecfed in connwtion with the Loan exceed tha perm'rtted limits, then: (a) aaiy sucl�loan charga shall be reduced by the amounC ncceseary to rccluce Ylie chargo tz� thc perm'rtted liniit; and(U) any swns ah•eaciy collected from Borrower which exeeedeci permittc,�d limits will I�e refiuided to Borrower. I,endcr may cl�oose to make this raftmd by reducing the pcinoipnl owed under the Note or by malEing n direcl plyineni tn Borrower. If a reftiucl reclnees principal, til�e redttefion will be treated as a partizl prep�yment without eny prepayment ohnrge(wheHler or not a prepayment chaa�ge is provided for undcr fl�c Note). 13orrower's acceptance a£a�ny such refund nzede by ilirecC paynienC ko Borrower will constihiCe a waiver of any right of action Borrower might liave arising ouC of such ovexohnige. 15. No4iees. Atl notices given by Bon�ower or Lcndor in com�ection with this Security InstrumenC mnst be in v,�iting. Any notice to Boriower in ootuiectiou wit'h this Sect�ricy Insh-wncnt sh111 be dec�ned to have Ueen givc�� to Barrowet when mailed U�+first olass meil or when actually cfelivered Co Borrowcr's notice�ddresv if senC l�y oChor meaiie. Noticc to any one 13orrower shall constituYa notice to alI Borxowers Latilesa Applicable Law expressly reqiiires otherwise. Tl�c noticc nddress shall be the Property flddress unless Bon•ower has zaooaova NF.ARASKN-Sin91e Femily-Fennle A4 eelFretldle bl ec UNIFOftfd IN51 RUM EiVT Farm 3028 1/01 VMP� VMPO(NEl(11051 Wolters Kluw9r Flnanciol Sorvlaos Pe9e 11 oi 17�