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201208476 12. Borrower Not Released; Forbear8nce By Lender Not a Waiver. Extension of the time for payment or modific2tion of auiortization of the sums secured by this Security Instrumeut granYed by Lendc r to Borro�ver or any Successor in Interest of Borrower shall not operate to release the liability of 13orrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend tiine for payinent or otherwise modify amortization of the sums secured bv this Security Instnunent b��reason of any dexnand made by the ariginal Borrower oi any Successors in Interest of Borrower. .Sny forbearance hy Lcnder in exercising any right or rcmedy including, without limitation, Lender's acceptance of payments from trurd pe:sons, entities or$uccessors in Interest of Borrower or in amounts less than thc amount then due, shall noi be a waiver of or preclude the exercise of any rigtrt or reincdy. 13. Joini and Several Liability; Co-signers; Successars and Assigns Bound. Borrower covenants and agrees that Sorrower's obligations and liabilit�shall Ue joint and several. I�owevef, any Eorrower who co-sigvs this Security Histrument but does not execnte the Note(a"eo-signer"): (a) is co-si�ing tlus SeGtuity Iastrument only to mortgaae, �-ant and convey the co-signer's interest in the Property under the Terms of this Securi�ty Instnunent; (b) is not pecsonally obligated to pay the sums secared by this Securlty Insh-ument; and(c) agees that Lender and any other BoRowei can agree to extend, modify, forbeaz or mai�e any accommodations with regazd to the tetms of this Security I�strument or the Note without the co-signer s consent. Subject to th provision�af Section 18, any Successor in Inteiest of Borrower whe assumes Sorrower's obIigarions Lmder this Secur;ty Instrument in writing, and is approved by Lender, shall obtain all of Borrowe*_'s agirts and benefiYs under this Security Instnunent Borrower ahall not be reIeased from Borrower's obligations and liability under this Secm-ity Instrument unless Lender aa ees to such release in writing. The covenants and agxeements of this Sec�sity Instruvient sha1T b�nd(except as prqvided in Secfion 20)and benefit the successors and atisia s of Lender. 14. LOan Charges. Lender may charge Borrower fees for services perionned in connection wath Borrower's default, for thc piupose of protecting Lender's inferest in the Property and rights undex ttlis Security Inshument, including, but noL liinited to, attorneys' fees, property isispection and valuation fees. In regard io any otfier fees, the ai�sence of e�presa authority in this Security Instnunen2 to cbarge a speci$c fee W Borrower shail not be coilstrued as a prohibiuon on the charging oP such fee. Lender may not cYiarge fees that aze exp;essiy profiibited by tlris Securily Insmu-nent os by Applicable Law. If flie Loan is subject to a law which sets maximmn loan charges, andthat law is finally iate�reted so fliat the interest or other loan chazges collected or to be collected in conncction with the Loan exceed the permitted lirnits, then: (a)any suck loan eharge shall be reduced.by the amount neeu�sary to zeduce the charge to tlie perxnitted limit; and(b) any sums already collected froin Borrower which exceeded pernutted limits wi11 be refunded to Borrower. Lencicr may dioose to make this refund by reducing the principal owed under the Note ox by matdng a direct payment to Sorrower. If a refUnd reduces principal, the reduction will be h-eated as a partial prepayment v✓ithout any prepayment chazgc(�fiether or not a prepayment charge is provided for�znder.he Nofe). Borr�wer's acceptance of any such refund made by direct payment to Borrower will co-�stitute a waiver of any right of action Borrower mignt have arising out of such overchazge. 15. Notices. All norices�ven by Borrower or Lender in connection with this Sccurity Instrument must be in writing. Any notice to Borrowcr in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by fust class inail or«chen actually delivered to Borrower's norice address if sent by other means. Notice to any one Bosower shall constitute notice to all Borrowers unless Applicable I,aw e�ressly requires otheru�ise. The notice address shall be the Properry Address unless Bonower has saaazato Nr�RASKASingle Faniiy-Fannfe M zelFretltlie PA ac U W FORh1 INSTRUM1I ENT Form 3028 1/O�t V M P� � V M P0(N E)(1105) Woliers Kluwer Financlal Se�vlces Page�1 of i�