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201502877 12. Borrower No# Relea�ed; Forbearance By Lender I�ot a Wai�er. Extension of the time for pay�ne��t o�• inodification of amortization of the siuns secur�d by this Security Inst�ument granted hy Lender to Borrower or aiiy Successor in Interest of Borj•o�ver shall not o�erate to release the 1iaUility o�Borrower or a�iy Successors in Intei•est of Borrower. Lender shall not be required to corrnnence proceediijgs against any Successor in Interest of Borrower or to refuse to extend tiine for pa}nnent or otherwise modify amortization of lhe si.uns seci.u•ed by this �ec�.u•ity Instruinent by reason of any de�naa�cl znade by the origin�l Borrovver or any Successors in Interest of Borrower, Any forbearance by L,ender iu exercising any right or re�neciy including, without liinitation, Lender's acceptance of payinents froin third persons, entities or Successors in Interest of Borrower or in aniounts less than the ainount then due, slaall aaot be a waiver of or preclude the exercise of any right or reinedy. 13. JoinE and Several Liability; Co-signers; Successor� and Assigns Bound. Borrower covenants and agrees that Borrower's oUligations and liability shall be joint and several. Howe�er, any Borrower who co-signs this Sect�rity Instri.unent but does not execute the Note(a"co-signer"}: (a}is co-sigr�ing this Security InstrLunent only to inortgage, grant and con�ey the co-signer's interest in tha Property under the ter�ns of this Security Instrument; (b) is not�ersonally obligated to pay the suins secured by this Security Instru�nent; and(c) agrees that Leuder and any otl�er Borrower cui agree to extend, inodify, foxbear or inake any acconvnodations with regard to the terans of this Security Instrument or the Note without the co-signer's cansent. Subject to the provisions of Sectinn 18, �ny Successor in Interest o�Borrower who assumes Borrower's obligations under this Security Instrmnent in writing, and is approved by Lender, shali obtain a11 of Borrower's rights and banefits under this Security Instru�nent. Borrovver shaj�not be released from Borrower's obligations and liability under this Security Instrumeaat unless Lender agrees to such release in wcitin�;. The covenants and agree�nents of ihis Security Instrument shall bind(except as provided in Sectian 20}and beneiit the successars and assigt�s o�Lezicier. 14. Loan Charges. Lender inay charge Borrower fees for ser�ices perfbrined in coilnectinn with Borrowar's default, for the purpos�nf protecting LencEer's interest in the Property and rights under this Sec�u•ity Instrutnent, including, but i�ot liinited to, attorneys' fees, property inspection and valuation fees. In regard to any ol:her fees, the absenca of express authority in this Security Instruincnt to charge a specific fee to ]3ot•rower shall not be construed As a prohibition on the chargin.g of such fee. Lender may not cha�•ge fees that are expressly prohibited by this Security Instrument or by Applicable Law, If the Loan is subject to a law which sets maxiir�uin Iofln ch�rges, and t:hat l�w is finally iuterpreted so that the interest ar other laan charges collected or to 6e collected in connection with the Loan exceed the permitted limits, t�en: {a} any such loan charge sha11 be reduced by the ainount necessary to reduce the ch�uge to the pertnitted liiniti; and(b) u7y sums already collected from Borrow�r which exceeded per�nitfed li�nits will be r�fundcd to Bort•ower. Lendex may chaase to inake this refund by reducing the principal owed iu�der the Note or by making a direct payment to Borrowet. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayinent charge(whelher or not a prepaymetxt charge is provided for under th�Note}. Borrowe�''s accept�►nce of any such refund made Uy direct payment to F3orrower will constitute a waiver of any rigl�t of acEion Borrawer anight have arising oul of such overcharge. 15. NOtiGes. All notices given by Borrower or Lender in connection wzth this Security Instrument musf Ue in writia�g. Any notice to Borrower in connection with this Securiry Instruinent shall be de,�ned to have been given to Borrower when mailed by first class zxxail or when acCually delivered to Borrower's notice address if sent�y other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable �,aw expressly rec�uires otherwise. The notice address shall be the Property Elddress�u�less Borrower has zaaoassa hlFSR,4SKA-SingleFamfly-FannieMaeJFretldieMacUNIFORM INSTRUMENT Form 362B 110f VMP p VMP6(N�1(1302} Wolters Kluwer Financial Services Pege 11 of 17