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201208058 12. Borrower Not Released; Forbearance By Lender Not a W aiver. Extension of tUe timc for pnynlent or inodifiontion of tunortiza�tion of the sums secur�d by this Seourity Inst�mnent geanCed by Lender to Borrowcr or any Succeseor in Interest o£Borrower shall not operate to release the liabiflty of Borrower or any Suocessors 'rn]nterest of Borrower, L��der shal1 not be required to comtnence proceeclings againsti any Suooessor in&�i�erest of Borrower or fo refuse to exCend tiii�e�for payment or othorwisc n�odify amortization of the sume secured by this Security Instrument bq reaeon of any demand mnde by the original IIorrower or auy Successors in Interest of Rorintver. Auy forUearance Uy l,ender in exercisiug any riglrt or remady inclttding, witl�out limiTat�ion, Lcndcr's accc��tanoo of F�ayii�entis firom tl�ird persons, entitics or Successore in Interest of IIorrower or in amomita less than khe amonnt tlien due, ahnll not be a waiver of or preclude ll�ie exercisa of nny right or rsmedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligatioi�s and liability shal1 be joint and sevcrtil However, aily Rorrower who co-signs fhie 5ocurify IneCaunenl bnt does not executc the Noke(a"co-signer"): (a) ie co-signing this Seourity Instrument only to mortgage, grent and oonvey the co-signer's interest ln ehe Pxopecty under Che terms of this Secm�ity Iustrmnent; (b) is not�ersonally oUligated Co pay the swns secured bq�is Security [nstrument; and(c) a�ees fhnt Lender �nd�ny other 13orrower can ;�grc�to extend, modify, forbear or malce any accoiiui�odatione wiCh regard fo ilie terms of[his Security I�istrument or the Note wiChout Che co-signer's consent. Snbject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligationa under this Secw'ity Instrmnent in c�niting, and is approved by I,ender, shall obtain all of Borrower's righte aild benefite iinder this Seciu•ity Tnsh'umenk B�arrowcr ehall not be rele,�sed &om Borrower's obligatione and liability under thie SecuriC�Instrumeut unless Lender 2greea to such release in ��niCing. Tlie covennnts and agreen�ents of this Seaurity Instrument shall bind(exoept as provided in Section 20} And benefit the successors and assigns oi'Lender. 14. Loan Charges. Leuder inay chazge Bonower fees f'or seivices performed 'ui comiec[ion wit1i I3orrower's default, for tihe pnzpose of protecting Londer'S intcrest iii Che Properiy and cighfs undcn'11vs Seciirify Inetrumcut, including, bu[uot linuCed to, attmneys' fees, property inspection and vnluetion faes. In regard to t�ny othex fees, the ttbseuce of express nuthority in Uiis Secm�ity Inatruinent to cl�arge a sl�ecific fee to Borrower shall not ba conNtruecl 1s a prohibition on thc charging of such fee. Lendor nzay noC charge feca thaC 2re expressly prohiUiteel by thia Security InstrmnenC or by ApplioaUla Law. If tl�o 1a�an is suUjecf Co a law whiah aeea�nnximum lonn chu�ges, �uid th�t law is finnlly interpreted so that lhe interest or otlier loan chaz•ges collected or Yo be collected in oomieotion wiUi tdie LoaiT exceed the permitted limits, then: (a) any such loatl charge slta1l be reduccd by thc amotmt nccessary to redui;c the charge to the permitted limit; and(b)any sume ah�eaciy wllected froin Borrower whioh erceeded permitted limite wi71 hc refiuideii to Borrowex. Lender may choose to innke tliis refund by reducing tihe principal owed tmdex the Note or by making a direct psyinent to Iion�ower. ]f a rcfund reduccs principal, tl�e rcduofion will be treated as a partial prcp�eymcnt without any prepayment cherge(wheCher ox not n prepayment ohar�?e ia providcd for under the Note). IIon•ower'e anceptance of any such refund made Uy direct payinent to Borrower will constiYute a waiver of auy ri�ht of action 13orrower might havo arising out af such ovcrcharbe. 15. Notiees. All norioes given by IIorrower or Lender in oomiectioii with tl�is SecLiriry Instrumeut must Ue in writing. Auy notice to Borrowex in connection with tl�is Security InsG�ume�it el�all hc dccmed to have bcen givan to Borrower when rnail�d Uy first ela�s mail or when actually dellvered eo Borrower's notice adclress if scnt by c�thcr mcans. Notice to any one Borrower shnll oonstitute notice to all Borrowers unless Ap�licable Lnw expressly xequires otherwise. The notiioe address shall Ue tlie Property Address unless Borrower hus 2400228G NFARASICA-Sinc�la Family-Fannle Maeffredtlie Mac 11NIFORld INSTRUMENT Form 3028 1701 VM P� VM P��NE)(11061 W olters Kluw er finenclal Servlees Pegs 71 of 17