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201208268 Secwity Instrument,w6ether or not then due. "Opposing Pazty"means the th'vd party that owes Borrower Miscellaneous Proceeds or the party against whom Borrower has a right of action in regazd to Miscellaneous Proceeds. Bonower shall be in default if any action or proceeding,whether civil or criminal, is begun t6at, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Properry or rights under this Security Instrument. Boirower can cure such a default and, if acceleration has occurred,reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, i¢Lender's judgment,precludes forfeitwe of the Property or other material impaimient 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 Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that aze not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. BorrowerNot Released;ForbearanceBy LenderNot a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Bonower shall not operate to release the liability of Bonower or any Successors in Interest of Borrower. Lender shall not be requued 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 t6is Securiry Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Bonower.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 Borrower 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. JointandSeveralLiability;Co-signers;SuceessorsandAssignsBound.Bonowercovenantsand agrees that Borrower's obligations and liability shall be joint and severaL However, any Borrower who co-signs this Security Instrument but does not execute the Note(a"co-signer"): (a) is co-siguing this Security Instrument only to mortgage,grant and convey t6e co-signer's interest in the Property under the terms of this Seeurity Insmiment; (b) is not petsonally obligated to pay the sums secured by this Security Instrument;and(c)agees that Lender and any other Bonower can agree to extend, modify, forbeaz or make any accommodations with regazd 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 Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Securiry Instrument. Borrower shall not be released from Borrower's obligations and liabiliry under this Securiry Instrument unless Lender agrees to such release in writing. The covenants and agreements of t6is Security Instrument s6a11 bind(except as provided in Section 20)and benefit the successors and assigns of Lender. 14. Loan Charges.Lender may charge Boaower fees for services performed in con�ection with Borrower's default, for the pwpose of protecting Lender's interest in the Property and rights under this Security Instrument, including,but not limited to,attorneys'fees,property insgection and valuation fees. In regard to any other fees,the absence of express authoriry in this Security Instrument to charge a specific fee to Borrower shall not he construed as a proktibition on the charging of such fee. Lender may not chazge fees that are expressly prolubited by this Security Instrument or by Applicable Law. Wo�Rluwer F Irancial'Servicey Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS �� VMPBA(N�E9j1 W�00 II I I II IIII I I II�I�I II I I'll I I IIIII II I I�I I I I II II I III q03310769901 0233 185 1117