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201303297 Security Instrument. whether or not then due. "Opposing Pady" means the third party that owes Borrower Miscellaneous Proceeds or the parry against whom Borrower has a right of action in regard to Miscellaneous Proceeds. Borrower shall be in default if any action or proceeding,whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Properly or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred. reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a nllin_ that. in Lender's judgment, precludes forfeiture of the Property or other material impatnnent or Lender's interest in the Properly or rights under this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied to the order provided for in Section'_. 12. Borrower Not Released;ForbearanceBy Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor la Interest of Borrower or to refuse to extend time for payment or otherwise modify amortisation of the suns secured by this Security Instrument by reason ol'any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including. without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the antount then due, shall not be a warner of or preclude the exercise of any right of remedy. 13. Joint and Several Liability;Co-signers;Successorsand Assigns Bound.Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, arty Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument-, (b) is not personally obligated to pay the stuns secured by this Security Instrument; and (c)agrees that Lender and any other Borrower can agree to extend, modify. forbear of make any accommodations with regard to the terms of this Security' Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor to Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except 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 Property and rights tinder this Security Instrument, including. but not limited to, attorneys' fees, property inspection and valuation fees, In regard to any other fees, the absence of express authority in this 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 are expressly prohibited by this Security Insnvment or by Applicable Law, NE3W.S(CA'3n,yie nannit•r Mae,Frzsid,P.Mac tNIFOKM lNsmuM[',T+KITH%PERS ' `,-.. . Form. ft I vMa) v1P5PiNttl'a5 . woles R..er Fr anal Service., c,ye-I or'7 III 111111. I II II II I ll lllllflll 1111 111111111 l I g0331494162. 0233 . 6 1117