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��l 5��1 �� 7�. Borr�wer Nn� Released; Farb�arance By Lender Not a Wai�er. Extensi�n of the�ime for payrnent or modi�cat�on of amortizat�nn of�he sums�ecured by�his Securi�y�nstrumen�granted b�Lender to Borrower or an� Successor in�nterest of Bor�rower sha�� not�perate to re�eas�the liabili�y of Borro�er or any Succ�ssors in�nteres�of B�rraw�r. Lender sha�� no�be required in�ornmence proceedings aga�nst any Succe�sor�n In�eres�of B�rr�wer or to refuse ta ex�end t�me for paym�nt or o�herwise madify amor�izat�on of the sums secured by�his Security�nstrument by r�a�o�.�f any demand mad��y the arig�nal Borrower ar an�Successars in In�erest af Borrower. An�forbearance by Lender in exercising any r�gh��r rem�dy including, ��v�thaut limi�ati�n, Lender's acc�ptance of payments from th�rd persons, enti�ies or Succ�ssors in �n�erest of Borrov�er or in amoun�s�ess than�he amoun�then due, shal�not b�a wai�er of or preciude the �xercise of any r�gh�flr remedy. 13. Jv�nt and Serrera[ Liah�lity; Cv-signers; Successflrs and Assigns Bound. B�rrower co�enan�s and agrees that Barrov�er's ob�igat��ns and��abil�ty sha��b�jain�and seve�al. HovveWer, any Bnrrower�vh� �o-signs this Security�ns�rument bu�daes no�e�ecute th�I�ate�a "�o-signer"}: �a} is co-sign�ng�his Securit�Instrument an1��o mor��age, grar�t and con�ey the co-signer's interes�in the Pr�pert�r under the terms�f this Se�urity Instrument; ��} �s not personally obiigatcd t�pa�the�ums secured by this S�curi�� �nstruznent; and�c}agrees�hat Lender and an�other Borrower can agre�to extend, modify, farbear or make any accommodations w�th regard�a the terms of�his S�curi�y�nstrum�nt or the Note with�ut the ca-si�ner's consent. Subjec��o the pr��isions of Se�tion �S, any Su�cessor in�n�er�st of Barro�ver wh�assumes Borrov�er's o�b�iga�i�ns und�r�his Se�ur��y �nstrumen�in wri�ing, ax�.d�s appr��ed by Lender, sha�I a�tain al1 of B�rrawer's r�ghts and ben��ts under this Secur�t�Ins�rumen�. B�rrow�r shali na�be relea�ed from Borrow�r's obligations and liabi�ity und�r this S��urity Instrum�nt unless Lend�r a�ree��o suCh re�ease in vvr�ting. The c��enants and agre�ments�f this Secur�ty Instrumen��ha�1 b�nd��xcep�as provided in�ection ��}and benef��the successars and assigns of Lender. �4. Loan Charges. Lender ma��harge Borrower fees for s�r�ices perfarmed in canne�tion�vith Barrawer's default, for the purpos�of pra�ecting Lender's in�er�st in the Praper�y and ri�hts under�h�s Securi�y �nstrument, inc�uding, bu�not l�m�ted ta, att�rneys' fees, praper��inspection and valua�ion fees. In r�gard tti any a�her fe�s, the absence of e�.press au�hor�t�in this Secur�ty �ns�rument�a charge a specif�c fee to gorrower shal�not be cans�rued as a prohibition on th�char�in�o�'such fee. Lender may n�t charge fees that are expressly prohib�ted by this Security Instrurnent or by Applica�le Law. �f�he I.aan xs subject�o a�aw wh�ch sets max�mum�aan charges, and that Iaw �s finall�r in�erpr��ed so�hat �he interest�r other laan charges�o1�eG�ed or to be co�iec�ed�n connect�on w�th�he Loan exceed the permitted lirnits, then: (a} any such loan charg�sha��be reduced by�he amaun�necessary t�r�duce the charge ta the permit�ed 1�mit; and�b}any sums already collected from Borrower wh�ch ex��eded permitted �imits�ili be refunded t�Borrawer. Lender may choose t�make this refund l�y reducing�he principal flwed under the�ote or b�making a d�rect paymen�to B�rrov�er. �f a refund reduces principal, the reduct�on wi�i be treat�d as a par�ia�p�repayment without any prepayrnent charg� (whe�h�r or no�a pr�payment charg�is provided for und�r the Na�e}. Borrower's ac��ptance of an�such refund made b�direct paymen�ta Borrov�er w�l�constx�ute a v�raiver of any r�ght af ac��on Borrovv�r might ha�e arising�ut of such�verchar�e. '�5. N�tices. All natices gi�en by�orrower or Lender in conne�t�on with this Security�ns�rumen�mus�be�n �vri�ing. Any nfl�ic�t� Bnrrower in��nne�ti�n v�ith th�s S�Gurit�Ir�s�r�men�shall be c�eemed t�have been gi�en to Barx�wer when maiied by first class mai�or wh�n ac�ualiy de�i�ere��a Borrawer's nat�ce address if sent by�ther rn�ans. �o��ce to any one Borrovver�hal1 c�nst�tut�n�ti�e to a�l Borrowers un�ess AppliGabie Law expressl�requires otherwise. The no�ice addr�ss shalt�e�he Property Add�ress unless Borrower has N�gRA5�4A-Single�amily-Fannie Mael�red�fie Mac UN��ORM 3N5�Rt1MENT Farm 302$'�1(37 VMP� VMPfi�N�y{13�2} Vllotters Kluwcr Financial 5er�ices Page 1'!a#'i 7