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201207672 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of'the Ume for pnNnent or modification of amoiti7ation of the eixins aecnred by this Secw'ity Insh'wnent bn�antc;d by Lcuder Co Borrower or �ry Suc;coesoc in Inlerest of Borrowar shall not operate to rolcasc tl�e liabilily of Boxrower or auy 9uccessors in Interest of Borrower, f,e��der shall noC be required to commence proceedings against any Successor in Intereet of Rorrowcr or to refuse W�extend tiine for pa5nnent or otltcrwiec�nodify ainordi�ltion of Yhe suu�s socurcd by Chis Security Instrutnent by reasou ofany dem�nd made by the original Borrower or airy 5nccesaore in Interest of Borrower, riny foriscarance 6y Le��der in exeroising nny right or remedy uiolnding, without limitatiion, Lender's acceptanoe of pnyments fi•om tllird persons, entities or Succcssore in Interest of Borrower or in amomrts lces fhan the aniounY Yhen due, sha11 not be�waivcr of or preolucle fhe exercise oP any right or rcmcdy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower coven�nts and agrees U1at Borrow€r's obligetiona and liaUility sha11 hojoinC and several. IIowever, any Borrower wlio co-signs this Security In5trwnent Uut doos noE exeouCe the Note(a"co-signer"): (a) is co-fii�zing lhis Seeurity Instr�unent on1y to marCgage, grant and convey the co-ytgncr's interesL in the Property under the temis of thi5 Sectu�ity Instrument, (b) is not�ersona1ly obligafed to pay the sums aecw•ed by tlris Security Insdxlunetit; and(c) �tgreas that Lende�' and any oCher Borrov✓er caai agree to extei�d, modify, forl�ear or make nny nccommodatiions with ragard to the Cerms of this Secw�ity Iusfrumc�it or the Notie withont the co-eigner's consent. Subject to the provisions of Section 18, nny Successor in Interest of Borrower who asaumes Borrower's obligadions under this Scem-iCy Insh•ument ui writing, and ie a��proved by Lender, shall obtiain a11 of Bon�ower's rights and l�eneflts under this Secm�ity]nsLrnmenC. IIorrowet shall not be released from Bon�ower'a obligntions and liability under this Security Tnstruinent miless].endor agrces Cu suoh release in writing. Tha coven�nts aud agreeineuls of this Security InstrLiment sl�zll bind(exoept as provided Li Seetion 20) aixd beucfil the successors and assigns of J,ender. 14. Loan Charges. Lender may charge Bonow�r fees for servioes per£ormed in coimeetion with I3orrowcr'� defuulC, for the ptiirpose of protecting Lcnder's interesf in the Property aaid rightd andcr tliis Security I��strument, including, but not limiCed to, �ttornays' �Fees, property inspcetion ai2d valuation fees. In regard to nny ofliar fees, the abscnce oP exprese authority in tlus Sccurity InsLrtuxient to chaage a specific fee to Bprrower shall not be const�'ueci as a prohibitinn on the chFuging of such fee. T cndcr inay not chnrge fees fhat are expressly prohibited by tltis Sect�rity Insh•ument or b}+Applic.ablc Law. If the Loan is subject to a law whicl� sets inaximlim loAn charges, and that law is finally interpreted so thit the interesti or other 1oan charges�ooRected or to be oollectcd in com�ecCioi�i witih the Loan exceed Uie peuuitted]imits, 11ien: (a) eny auch loan cl�argc shall 6e reduoed by the unoLuit necessary to rcduce the chtix�e fo the pennitted limit; a�id(b) tu2y sui�ns nlready collected fi�om I3on ower whieh exceedecl permitted limits will Ue refunded to Borrower. Lender may choose to make Chis refund by reducing Uie principal owed under fhc Notc ox by meldng a directi paylneiit Yo Borro�er, If a refiuid reduces princi�al, thc s•cduc�ion will hc tre.�ted as a partial prepaymeilt wifl�out auy prepn}nnent chacge(whether or noC a prepa}nnent ch�rge ie provided for uudar tlie Note). Borrower's aocepYance of any such rcfui7li inade by direet pa}nnent Co Borrowar will constituto a wvver of tuiy right of ac6on Borrower might have�u�ising out of suah overehargc. 15. NotlCes, All notices givcn Uy Boxrower or Lender in coiv�ecNon wiCh lhis Seaurlty Inatrtunenti musE be in writing. An}�notice to Borrower in comiection with this Secarity Insh•nment shall be cleemed to l�avc bcen given to Borrower when inailad by first class n�ail or when actually delivered to Borrower's noCice addreas if aenC'by other meaus. Nbticc{o any one Borrower shall cottAtitute notice to all Borrowere ttnless tlpplicable Law expresely req�ures otherwiae. The notice address ehall be the Property Address Lmlesa Roirowcr has 24002130 NE6fea6KR-3ingle Famity-Fannfe MaelFreddie Mnc UMFORM IN6TRUM EN7 Form 3�26 1101 ��p� VM P0(NEI(17 O51 Wollers Kluwor Financlol 9arvioos Pngn 4t nf 17