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2� 15�79�� Security Instrument,�vhether or not then due. "�pp�sing Part�y"means the third party that owes Borrower Miscellaneaus Proc�eds ar the party against wham$arrower has a right af action in regard to Miscellaneaus Proceeds. Borrower shall be in default if an�action or proce�ding,vvhether civ�l or criminal, is begun that, in Lender's judgment,c�u�d re�ult in farfeiture of the Property or vther mater�al impai.rment of Lender's�nterest in t�e 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 causiag the acti�n or pr�ceeding to be dismissed w�th a ruling tha�, in Lender's judgment,precludes forfeiture of the property ar other material impairment of Lender's�nterest in th�I'raperty or rights und�r this Security Instrument.The proceeds of any a�v�rd or claim for damages that are attributabl�to the impairment�f Lender's int�re�t in the Pro�erty axe hereb}� assigned and sha11 be�aid to Lender. A�1 Miscel�aneous Proceeds that are not applied ta restoration or repair of the Froperty shail be�pp�ied in the ord�r provided for in S�ct�on�. '�2. Borrawer Nat Reieased;Fvr�earanceBy LenderlVvt a 11Vaiver.Extension af�he time for payment or modification of amorti2ation of th��ums secured by this Security Instrument granted by Lender to Bonow�r or any Success�r�n Iaterest of Borrower shatl nvt operate�a release the liability of B�rrawer or any Successars in�n�erest�f Borr�w�r.Lender sha�l n�t be re�uired to commence proceedings against any Successor in Interest of Ba�rrower or ta refuse to extend t�me for payment or otherwi�e mQdify amortizatio�. of the sums secured�y this Secur�ty Instrument by reason of any demand made by�he arigina�B�rrower or any Successors in In�erest of Borro�er.Any farbearance by Lender in ex�rcisir�g any right or remedy including,without limi�ation,Lender's accep#ance of payme�.�s from third persons,enti�ies or Sucees�ors in Interest of Barrower or in amaunts less than�he amaunt then due,sha11 not be a wa��er of ar prec�ude the exercise of any right or remed�. 13. Joint and S�v�ral Liability;��-sign�rs;5u�cessorsand Assigns8ound.Borro�er covenants and agrees that Borro�rer's obligations and liabi��ty shall be jo�nt and several. However,an�r Borra�er who co-signs this Security�nstrument but does not execute the Nate�a"co-signer"}: (a}is co-signing th�s Security Instrument only to mortgage�grant and con�e}�th�co-signer's interest in�he Property under th� terms of this Security In.strument;�b}is not persanally obligated to pay the sun�s secured by th�s Security Instrument;and(c}agre�s that Lender and any oth�r Borrovver can agree to ext�nd,madify, fvrbear or make any accammodations vvith regard to the terms of this S�curi�r Instrument or the No�e�ithout�he co-signer's con.sent. Subject to the provisions of Section �$,any 5ucc�ssor in�n�erest of Borrower who assumes Bonow�r's ob�igat�ons under this Security Instrument in writing,and is approved by Lender, sha11 obtain a11 of Borro�er'�rights and benefits under this Security in.strurnent. Borrower sha11 nat be released fram I��rro��r's obligations and liability under this Security Instrument unless Lender agr�es to such release in �vriting.The covenants and agreement�of this Security Instrument�ha11 bind�except as pr�vi�.ed in Section ��and benefit the successors and assigns af Lender. 14. Loan Charges.Lender may charge B�rrower fees for ser�ices perform�d in can.nection with Borrower's de�ault,for the purpose of protecting Lender's interest in the Pr�perty and rights under this Security Instrumen�, ir�cluding,but not limited�o,attorn��s'fe�s,property inspection and valuati�n fees. In regard to any other fees,the absence of express auth�rity in th�s Security Instrument to charge a�pecific fee ta Borrovv�r shall n�t be canstrue�as a prohibition on the charging�f such f�e. Lend�r may not�harge fees that are expr�ssly prohibited by this Security Instrument or by Applicable Law. NE9RAS1{A�ingle Fami�y-FaRnie MaelFreddie Mac L1NIF�RM INSTRUMENT WITH MERS Farm 3428 1141 VMP C� VMRBA{NE}[13�2�.�4 YIIoI#ars Kluwer Finan�ial Sen►ices Page 11 af 97 qU3347141Z5U 4�33 4�� 1117