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201208791 12. Borrow er Not Released; Forbearance By Lender Not a Waiver. F,xtcnsion of the time for pasnnent or n�adificatiiox�of an�ortization of Che smns secured by Chie 5eciuily Inslri�menC granCec{ by Lender Co Borrower ar any Succesor in Interest of'Borrower shall not operate to release tlie liabiliYy of Borrower or eny Siiccessoce iu Intexest of Rorrower. Lender yhall riot bo rcquircd tn com�nencc proecediilgs agaiiist at�}� Sua;essor in I�iti��'esf oP Borrower or to refiise Lo extentl lime for paynrent or oChenyise inodify nmorCi��fion oP the sums secured by this Security Inst�ument Uy renson of any demnnd made Uy the original Borrower or any Successors in Inteeesf of'Romo�ver. Any forbea;auce Uy Lender in exercising any right or remedy including, without liiniCation, Lendar's aocepteuice of payments fr�m third persons, eutifies or Succeseors in lnterest of Botrower or nx Hinounts lc5s tliafl the an�oui�t fhen dito, ahall noC be n waiver oP or preclude She cxcn cisc of any right or remedy, 13. Joint and Several Liability; Co-signers; Succes5ors and Assigns Bound. Borrower covenants and agrees Chat Borrower'e obligaCions aud liaUility shall Ue,joint and scve,raL Howevc.�•, any Bon�owcr Who co-signs tl�is�Secivity lnstrumcnti but doea no4 cxeeute tihe Noi�e(� "eo-signet"): (ft) is co-signing chis Scc��rity visteiunent only to morlgage, grant and convey the ca-signer's interast in the Property tuider the terine of this Secutity Inshument; (b) is noC personally ob7igated to pay the snms secured by this Security InsY��tunent; azid(o)a�rees that l.ender and any other Rovrower can agrce Lo extend, moclify, �Porbopr or make auy a�cconnnodatic�i�s with reg�rd W the tcrins of this Secivity Instrume�it or the Note without the co-signer's consent. SubJecC to Lhe provisloiis of 5ection 1 R, any Sitccessor in H2Ceresf of Borrower who assumes Borxower's ohligations ai7de�� i�his Seclirity Instrument in wriring, and is approved by Lender, shall obtain a11 of Barrower'a rights and bene&ts tuider tl�is Security Inetrtttneut. Borrowar sl�all tiot Ue reloased f'ron� Borrowar's obligations and]isbility nndc;r this Sc;curity Hislruin�nt uulesa Lender agrees to sucl�release in writing. 'L'hc covananCs and 2greeinenls of Chis Security Instrtiment shttll bind (except as provided in Section 20) 2nd benefit the successors and assigns of Lender, 14. Loan Ct�arges. Leuder may charge Borrower f'ees for services per,fonned in connection witl�Borrowcr's defwlt, for the purpose of protecting L,euder's intcroat in lhe Properly aud rights under tlus Seoitri�y Inst�umenY, including, bnt not limitcd to, attor«eys' fees, prop�ty inspection nnd vnluation fees. Sn��egard to any otl�er fc�s, t1�o absencc of ex�ress auChority in this Security Histrumant tio cllarge a speciiic fea to Borrower ehall noC bo consh•ued ae a prohibition on the cl�c�rging of suc1�fce. Londor may not chargc Pees that are ex�ressly prohibited by this Seoi�riCy Instrnment or by Applicable La�w. If the Loan is suUjeot to a 1aw whicli sete maximum loan chnrges, and tlint law is &nally intierpreYed so tilist thc inCereat or ather lofln chtuges collecCed or to be colIecCed in camiection with the I.o¢n excccd thc permitted limits, then: (a) �ury such loan oharga shall bc ruliwcd by the amourit necessary Co xednce the charge to the pertnitted limit; and(b) any sums already collected fiom 13orrower whieh exceeded peruiitted ]imits will hc ref�mded eo Borrower. Lender may choose to make tl�is refund by reducing the principal owed undei Che Note or by mnking a clircct payinent to Sorrower. lf a tcfund red�iccs princi�al, the reducLion avill be treated as n paitial prepayment withont any prepayment charge(whether or not a prep�yment clinrge is provided f'or mider t1ie Note)'. Bon owcr's aCcepkance of any such refimd made by direct pa}nnent to Rorrc�wer will coneCitute a waiver of any right o£action Bonower nughti l�aue arisin�otit of euch overchargo, 15. Notices. All noticc:s givcn by Bonower or Lender in connection wiYh this Seeurity Instrument inust Ue in wxiCing. Any nolice ta Borrower in connection witl� this Security h�strwncnt sheil1 bo deomcd to hr�vc bcen given tio Borrower when mailed Uy�irst class mail or wl�en actually delivered fo IIorrower'e notice address if sent Uy otlie��maans. Noticc ko ury one Borrower shall oonstitute noCice to a11 Borrowers uuless Applicable Law e'xpresaly requires otherwise. Tho notice address ehall be the Propc�rty Addr esa tnilc.tis Sonrowcr hae ---------- — � �aaozass NEdItA SKA-Single Fem ily-F�nnle f+i aelfreddic hi ac UNIFORte1 INSTRUM[NT Form 3020 1101 VM P(7 Vbl PR(N E)(1105) Walmta Kluwer Finnnnlal Snrvloex P2ge 11 of 17