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�012�8�6� 9 2. BorrowerNot Released;�orbearanceBy LenderNot a Waiver. Excension of the time for payment or modificadon of aznorlization or the sums secured by tlus Secudty Instrument granted by Lender to Bono�ver or any Successor in Interest of Borroti�er shall not operate to retease the liability of Borrower or acry Successors in Interest oP Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to exiend time for payment or otherwise modify amortiz�tion of the sums secured by this Security InstnunenC by reason or any demand made by lhe original Borro�ver or any Successors in Interest of Borrower. Any forbearance by Lender in eYercising any righl or remedy including, without limitalion, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrotuer or in amounts less than tlie amount then due, shall not be a��aiver oF or preclude the eYercise of any right or remedy. 13. Joint and Several Liability;Co-signers;Successorsand AssignsBound.Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borro�vec �vho co-signs tlus Security InsErurnent but does not e.xecute the Note (a "co-signer"): (a) is co-signing this Security Instnunent only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instn�ment; (b) is not personally obligated to pay the sumns secured by this Security Instrumenl; and (c) agrees tbat Lender and any other Borrower can agree to e.Ytend, modify, forbear or make any accommodations with regard to tiie terms of this Security Instnunent or the Note writhout the co-signer's coi�sent. Subject to the provisions of Section 18, any Successor in Interest of Borro�ver �vho assumes Borro�ver's obligations under this Security Instnunent in writing, and is approved by Lender, shall obtain all of Borrower's riglits and benefi�s under this Security Instrument. Borro�ver shall not be released from Borro�ver's obligations and liability undex tYris Securiry Instnunent unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (escept as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services perFormed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Properiy and rights under this Security Instrument, including, but not Iunited to, attorneys' fees, progerly inspection and valuation fees. In regard to any other fees, the absence of express authority in this Securiiy Instrument to charge a spec'if'ic fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohi°bited by ttris Security Instnunent or by Applicable Law. If flie Loan is subject to a Iaw which sets maximum loan charges, and ihat larv is finally interpreted so that the interest ar other loan charges collected or to be colle�ted in connection with the Loan esceed the pernutted limits, then: (a} any such laan charge sl�all be reduced by the amount necessary to reduce the charge to the pernutted Iimit; and (b) any sucns already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without arry prepayment chazge (whether or not a prepayment charge is provided for under the Note). Borrotiver's acceptance of any such refiuxl made by direct payment to BorroFVer rvill conslitute a waiver of any right of acdon Borrower might bave arising out of such overcharge. 1 S. Notices. All notices given by Borrorver or Lender in connectionwith this Security Instrument must be in writing. Any notice to Borrower in connection �vith this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other meai�s. Notice to any one Borrower sl�all constitute notice to all Borro�vers unless Applicable Law expressly requires othenvise. Tlie notice address shall be the Properly Address unless Borro��er has �� Famfly-Fennia Mee/Freddie Mao UNIFDRM INSI'RUMENT �� rm �81f01 Wolters Klw�er Flnancfal Servlaes R ge 71��W� 17