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201207691 12. Bvrrower NoY Released; Forbearance By Lender Not a Waiver. �xtension of the time£or payment or modification of EunortizaT�on of tUe Swns secured by this Securify [nstrunlont granted Uy I.c�idcr to Borrot�er or any Succeqsor in InCereaf of Borrower shell noC operate Co release the liabilily of Borrower ox any Successars in Interest of Borrower. Leiider shall not be required to coixunance proceedings against �uiy Successor in Interest of Borrower or to reftise to extend time for payment or otherwise n�odify amarfi�ation of tl�e sums sccurcd by this 9ecurity instrumcnti by rca�on of any dcn�and madc by tiha origin�al Borrower or any Successors in InCereEt o'f Borrower. Any Porbearance by Lender in exercising�ny right or reinedy incluciing, witl�iout IimitaCion, Lender's acceptazice of pa}nnents fiom third persons, entities or Successors in Interest of Borrower or in amounts less than tho a�nounE then due, shall noC ba a waiver of or preclude the exercise of ury right or remedy. 13. Joint and Several Li2bility; Co-signers; Successors and Assigns Bound. Bonnwer covennnls �nd agrecs that Borrowe�'s oblign6ions and linbili6y shall be joint suicf several. However, nny Borrower who co-aigns this Seom•ity Instrmnent but does not execute the Note(a"co-eigner"): (a) Is co-signing this Security lnstr�uneut only to i��ortgagc, g ttnti and convoy Che eo-eigner's ititeresl in Lhe Property under the terms of khis Secm•ity Insh�umene; (b)is not personelly obligated to pay the swne secm•ad by this SecuriYy Inshlnnent; and (o) agrees thet Lendar azid any other Bonrowar cui agree to extend, modi£y, forbear or make any accominodations with regard Co the terms of this Security Instrume��Y or the Note witl�outi tho co-signcn�'s consent. SubjeCt to the provisions of Sectiion 1S, any Succeseor in)?lterest of Borrowcr�vho asswncs Borrower'H obligatiions under fliis Security]nstrtiimcnt in writing, and is approved by I,ender, sh�ll obtain nll of 13orrowor's riglits anci l�ener ts Lmder t�us Security Snstrument. Borrower shn11 iiot be released ii om Bonnwer`s obligatione and]iAbility under Ylus Sectu'itiy Instrwi�ent unless T,e�ider agrees to such releasc in writing. The covenuits and a�eeemeirte of this Sccurity Ins4ruu�eiit shall bnid(exeepC ns provided iti Secrion 'LO) and b�ncfit the eticcessors and aseigns of Lender. 14. Loan Charges. Lcnder ma�char,ge Borrower fees for services performed in conneceion with Borrower's dcfaulU, for Che purpose of proteorin�Lender's interest in the Properry and rights widea� Uiie Secutity ImgLi�im�enC, inoluding, but not limiYed to, a�ttorneys' �£ees, property inspection and valuKti�ii fees. In regard to any other fees, the ttbsence oF express A�uthority in this Securitg h�strumenC ko charga a specific fee to Borrowcr shall nat Uc conetrued zi� a prohibitiou ou lhe charging o'f sueli fee. Lender inay not chcu�ge i`ees iliat are expresaly�rohibited by this SecuriY�y Histruinent or Uy App1ical�le I,aw, If tke Lo�n is siibject to a law whieh sets maxunum loas�cliarges, and that lfAw is finally it�terpreCed so lhat tha intereat or ather loan cl��u�ges collectcci or to bc collecCed in wnnection with ttie Loan exceed the pennittcd limit,s, then: (a) nny suoh lonn cherge sha11 be reduced by the aanount necessary to reduee the charge to the pei�tiiitted liinit; a�id(b) �iiy swns already col1ected fi�om Borrowee which exceeded pennitted liixuts will be ref�wded to 130�rowor, Lcndor may choose ho make thie refimd by reQucing the principal owed nnder tl�e Noto or by maMng 1 clirecl payn�ent to Borrower. If�refund redticas principal, tlie redtitcNon will bc ti�caeed as n parlint pre��5nnent without any prepayment ohu�ge(whet6e�� or not a prepaymont cl�argc is �rovided for nuder tilTe Note). Borrowei'e aocept�ulce of any such rcfunci�nade by direct�ayinenC to Borrower will constitute a waiver of any right of aoriou Borrower uilghC have erising out of such overcharge. 15. NotiCes. All notiicee given by Borrower or Le��der in com�ection wiYh fhis Security Inslrument muet be in wrIung, Any notice ta Borrow��in coimection with fhis Seeurity Inatrument shall be deemed to have Ueen giveu to Borxower when mailed 6}�fiest cl�tss mzil or whan actually delivered to 13ortower's norieo addross if seut by otlier means. Notiice to any one Borrower shall conFtiCulo noCice Co till Borrowers unless Applicable Law expressly reqtiiires �thcrwisc. The notice address ahall l�e tue Property Addresa unless Borrower has — — zaaotzsn N�oansi<ns��yiP ramuy-ta�,me Mae�Fraaaia n�a�uwroHi,� msTauoe ENT r�rm aozn i ra� VMP(y � VMP6(NE)(1105) Woltere ICluwer Flnxnclal Servlcea Pege 11 of 1l