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201208298 12. Borrower Not Released; Forbearance 13y Lender Not a W aiver. Extension of the time for�aymant or inodification of emoxtizaLion of the s�uns secm'ed by this SecuriCy TnSUtiuvent grantied 6y Lender to Borrower or a�ry Successor in Inierest of Borrower sl�all not operate Co release the liability of Borrowe� or�ny Sucwwsora in lnterest of Bon'ower. Lzndcr shall nof be required to oominence proceedings ng�inst ang S�icoessor in interest of Borrower or to refuse tio extend time for paymenk or otherwise modify amortization of the smns seoured Uy Ehis Seeurity Ins�rumenk by reason oP�ny demand 2nade by the original Rorrower or nny Succacsoxs in Intcrest of Barrower. F1uy for6etuancc by Lender in exercising airy xight or remedy inclnding, without liinitation, Lender's acccpl�nce of X7nyments from third pe�:sons, entiities or Sueeessors in H�terest of Boirower or in amounts less than the amount Yhen due, shall nof be a wa�ver oP or preclude� Che oxereise of any right or reinedy. 13. Joint and Several LiabiliYy; Co-signers; Successors and Assigns Bound. Borrower cnvennuts an egrees tliat Borrowcr's obligatioras and liability shall be joint and sevei��l. Floweuer, vry Bormwer whc� co-signs this SecuriLy InstrunievY but dces not execuCe tha Notc(a "co-si�,nier"): (a) ia co-signing this Sccurity Instrument only to mortgagc, g'�nt tuid convey thc co-signe�'s interest in t1ie Propeity imder the terms of Uvs Securify InslnimanC; (b) ia not parsonelly obligated to pay the sums secured by Lhis Security Inetr•LunenY; and(c) agrees that Lender and any oYher Rorrower can a�ee to extend, modify, forbeaA�or make nny accomtnodations with regard Co the terms o4'this Security lnstrument or the Note wilhout the eo-signer's consent. Subject to the provisions of 3ection 18, any Successor in U�tereaC of Borrower who a�smnes Borrowex'a obligltious nnder this Sec��riCy Instruinent in writing, and ie approved Uy Lender; shall oUCairi nll of Borrower'�rights u�d benefitis nnder this Security Listr'uu�ent. Borrower ahall not be relcased ff•oin Borrowcr's obligations and liability uvdcr fhis Securily Tnstrmi�ent unless I,ender a�'ces to such rclease in writing. Tha covenantis aud agteeme�rte oP this Sccurity Instrmnent sha11 bind(exccl�t ns provided in Section 20) atid UencCif the successors and assigns of Lender. 7 4. Loan Charges. Lender may chai•gc Borrower fces for services pertormed in connection wiCh Borrower's def2ult, for the purposo of proCecting Lende�''s interedt in the ProperCy nnd righis under chis Secuiity IneYrmnenC, including, but not limited to, attorneys' fees, properly inspection and valu�tion tees. In regarci to any other fees, thc absence of expres� authority i»this Security Histrumcnt to cha�ge a specific Pee tio Boxrower sha11 not Uc construed as �prohibiEion on the chargu�g of such Pee. Lc7ider inay not charge fees that aro expressly prohibited by this Seciaity Iustrun�ent or hy Applicablc Law. I£the Loan is suUjoct to a law whieh sets in�;cimmn loan charges, and thah lew is finally interprcCecl so Uiat the inCerest or oH�er loan charges co1lccCed or to be colleoted in connectiou wiCh the Loan exceed the pnrmitted limifs, Yhen; (a) any such lo�n charge shall bc reduced by the aznouuC necessary to reduce the chflrge to tihe pertniried limit; and(b) any sums already collectc;d fiom Borrower which excaeded permitted limits will be refin�ded to I�orrawen I.ender n7ay choose to m�ke tl�is refimd by reducing the�rinoipal owed under lhe Note or by inalcing a direct paymeirt to Borrowcr. If a refimd reduces prineipal, tlie redttction will bo Cre�ted as a ppr6al prepayment without auy prepa�ymcnt chacge(whether or not a pxepayme�iE char�;e is provided fox under the Note). Rorrower's accepteuco of any suoh refiuid made by dirocC peyment to Borrower will coiisSitute a waiver of any xight of ac[ion Borrowet inight hnve arising out of s2ich overcharge. 15. Notices. All notices giveii by Borrowcr or Lendcr in conncction witl�tlus Secw�ity Iustrwnent umst Ue in writing. Any notice to Borrower in connection with this Secw•ity Instrument shall be deemcd to have bcen given to Burrowar when mailed by'first c1�.ss mAil or when achi�lly delivercd lo Borrower's notico address if sent'by other menna. NoCice Yo nuy one Boxrower shall constiCule notice to nll Borrowexe uuless ApplicaUlc Law expressly requires otherwise. The notice o-uidress sl�all be the Property Addre�e unless Bonrower has 24007319 NFARA51<A-3ingle Famity�f-annle M ae/Fre�dle M ec U W FORM INSTRUM fNT Form 3020 1101 VMPG(NE (14P5) VM P(ry Page�1 of 1� W ol�e�s Kluw er Financinl Sorvloes