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201210888 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security In_etrument grarned by Lender to Borrower or any Successox in Interest of Borrower shall not opernte to release the liability of Boaower 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 time for payment or otherwise modify amortization of the sums secured by this Security Instrmnent by reason of any demand made by the ori�nal Sorrower or aay Suecessors in Interest of Borrower. Any forbeazance by Lender in exercising any right or zemedy including, without limitarion, Lender's acczptance of payments from third persons, entities or Successors in Interest of Borrbwer or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any rSght or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrozver covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrourer who co-sigis this Security Instt�auent but does not�ecute the Note(a"co-signer"): (a)is co-signing this Seauity Instrutnent only to mortgage, grant and convey the co-si�er's interest in the Ptoperty under the terms of this Seciuiry Instrument; (b)is not personally obligated to pay the siuns secured by trus Security Instnunent; and(c) ag-ees tk�at Lender and any other Borrower can agree to extend, modify, forbear or make any accommodations with re�azd to the terms of this Security Instrument or the Note without the co-sigier's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligatioas under this Security Instrument in writing, and is appsoved by Lender, shall obfain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's ohligarions and liability under this Security Instrument imless Lender agrees to such release in writing. The co�enants and agreements of this Security Insh-ument shall bind(except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fecs far services performed in connection w-ith Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrumen� including buk not limited to; attomeys' fces, property inspection and valuation fees. In regazd to any other fees, the absence of express authority in tlus Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that aze expressly prohibited by this Security Insh uuient or by Applicable Law. If the Loan is subject to a law which sets maYim�loan charges, and tt�af law is finally interpreted so that the iaterest ox othex loan chazges collected at to be coAected in connection with the Loan eYcced the permitted limits, then_ (a) any such loan charge shall be reduced by the amount nec�asary to reduce the charge to the permitted lvsut; and(b) any sums already collected from Borrower which exceeded pemutted luuits will be refunded to Borrower. Lender ma.y 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 prepayinerrt without any pregayment chazge(whether Or not a prepayment charge is provided for under the N ote). Borrower s acceptance of any such refund made by direct payment to Borrower will constitute a a�uver of any right of action Bonower might have azising out of snch overcharge. 15. Notices. All notices given by Borrower or I ender in connection with this Security instrument must be in writiag. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when snailed by first class mail ar�hen actually delivered to Borrower's norice address if sent by other means. Notice to any one Borrower shall constitute notice to a11 Borrowcrs unless Applicable �aw expxessly requires o�therwise. The noflce addiess shaIl be the Property Addres5 unless Borrower has 24003045 NFBFWSKA-Single Famity-Fannie MaPlFretltlie M19ac UNIFORh1 INSTRUNENT Fortn 3028 1/01 �MP "� VMP6(NEl(1145) Wo@ers Kluwu Financial Services Paqe 11 of 1]