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201210796 12. Borrower Not Released; Forbearance By Lender Not a W aiver. ��;tension of the time for payme„t or inodification of amorfizaYion of the sums secured Uy tliis Secwity Instruanent gr�tnted Uy Lcnder to Borrower or any Successoc in Intereat of Boirower eha11 not operaYe to rcloasc tho]iability of Borrower or any Succeesore in Interest of Barrower. T.endcr sha11 noC be requixed to commence procaedings against any Suceessor in Brterest of Botrower or Co refiise to extend tiuie for payment or ofher�v�se modify amortization o£t1�e�s�nns aec:�u�ed by Chis Seourity Inetitunent by reason of auy deu�and n�ado by the oxiginal Boirower�or any Suocessore in Interest of Borrower. Any forbcarance bq Lender in exeroising any right oc ceinedy including, without limifafion, Londcr's aceepCanoe of paynients firom tlurd parsons, entities or Succavsnrs in Interest of Borrower or ii� amounLg less than the ntnount theu due, shall not Ue a waiver of or proclude the exercise of any right or reinedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covennnts nnd agrees that Borrower's obligations and liability sha11 bo jointi and several. IIowevex, any Borrotvar wfio co-eigns lhia Security Lnstrwnent Uut does nat sxecuCe the Note(a"co-signer"): (a) is ca-sig�vng E1�is Security Instnui�ev't oi�Iy to inortgage, grent and convey tihe co-siguer's intereyt in tl�e Property under the terms of tl�is Security Insisiunent; (b}is not personally obligated tc�pay the siuns seoueed by this Security [nstrun�ent; and(c) agrees that Lender and any other Borrowex can agrea Yo exYend, modify, forUcar or inake any accommodatione with rcgard to fhe tenne of this Securitiy InsCruuient or thc N<�te without the co-aigner's consent. SubJect to the provisions uf Section 18, any Successor in Interest of Rorrowcr who assumea Borrower's oUligatious undcr this Saei�rity Insh•ument in writing,and is approved by I,ender, sh�ll obtain all of 13orrower's rights �nd Uenefits under tihis Securify TnstriuncnG Borrower shall noti be raleAsed from BorroWer's obligations and liability under this Secm-iCy Ir�st�liment wiless Lender agrees to sucl�rolf>a,ae in wtiting. The covenants and agecmenUs of 11iis Secw�ity Instrument shall bind(except as pro�dcled in Section 20) and Ue��cfit fhe successors and asaigns of Lender. 14. Loan Charges. Lender may charge Borrowar fees for services performed iu comlection wit11 Borrower's ciefaulf, for the puipose of protiectnig Lender's intcrest in the Property and rights under tl�is Security Instrmnent, including, bnt n�t liinited 40, atforneys' fees, properCy inspection and valuaEion Pees. In regard to viy otl�et fees, the absenne oP express authority in tliis Secnrity I'nstrumcnt to chaz�ge a specific fee to 13orrowcr shall not be eonstrned as a prohiUition on the cheu'ging oP such fee. Leiider may voY chnrge I'ees that are expressly prohiUited Uy this Security Inslniment or by Applicable Law. If the Loan ia subjeet to a law which sets maxitnutl�lonn chvges, and that law is finally interpretad so that the interast or other loan chargu� collecCecl ar to Ue collecYed in coimection with fl�e Loan exceed the permitted limits, then: (n)any such loF�n charge sha11 be redtiiced by tho amounS neoessary to reduce the charge lo tl�ie pernritted liinit; aaid(b) any stiims alrcady collec[ed from Borrower whicli exceeded permitted liinits will be refwided to ,13orrowor. Lenc�er tnay choose to mel�e tliis refund Uy reducing thc principal nwed Lwider the Notc;or by malting a direct pa}nnent tio Box'rower. l,f a rc�und redcice.s principal, the reduo6on will be lrea[ed as a pcuti<d prepayinent wiChout any prcpayinent cherga(whether or not a pref�ayment eharge is provided for under the Note). Borrowcr's aooepCnnce af any such refund tnade Uy direct paymcnt to Rorrower wi11 oonstitutc a waiver oE any right of act'ion Borrower might have arising ouC aF such overchnrge. 15. NotlCes. All notices �;iven Uy Borrower or Lender in coYmection with this Security lustrumc��t m�ist Ue in writuig. Any n�rica to Borrower ii�i oonnection wiYh tl�is Secmity Insh�amcn,t sl�all be deemed to haue heen givai to Borrower when meiled�by first elass mnil or whon actually delivered Co Borrower's notioe lddress iP� sent by other meFtns. NoCice to oaiy one Borrower shall consritute notioe to all Borrotvers unless Applicable Law expressly requires othcrwise. The notioe address shall ba fhe Property Address unlcss Borrower l�as zaooao�s NCBRA51<A�Single Family-Fannle M eelFretldie W ac UNIFORId INSTRUM fNT Fo�m 3020 1701 yM p� VM P6(NE)(11051 N.'olters Kluvier Pinancial Services Page f1 of 17