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2� 1 ��3135 '1�. Borrvwer N�t Released; Forbearance By Lender Not a Wai►�er. Extens�on of the time f�r payment�a� modification�f amor�iza�ion of�he�ums secured by this Security�nstrumen�gran�ed by Lender�o�3arr�wer or an�r Successor in�nterest of Borrower shall no�opera�e to releas�the�iabil��y�f Borr�wer or any SuC��S5or5 in Interest of Bflrro��er. Lender sha�� not be required fo cammence p�-�ceedings agains�any Successor�n�nteres�af Borrov�rer or to refuse to exter�d time for paymen�or atherw��e mod�fy arnor�iza�tion of�he sums secured h�this Security�nstrument by reasan of any demand made by the original Borrower ar any Successors in�nterest of Barrovwer. Any forbearance by Lender in e�erc�sxng any righ�or remedy xnc�uding, �vi�haut l�mitat�on, Lender`s accep�ance of payments fr�m��ird pers�ns, entities or Successors�n �n�eres�of B�rrower�r in amaunts �ess than�he amoun� then du�, sha�� not b�a�ai�rer�f or preclude th� exercis�of any right or remedy. �3. Joint and Several Liabiiity: �v-s�gners; Successors and Ass�gns Bvund. Borrov��r co�enants and agrees that Borr�wer's ob��ga�i�n�and l�ab��i�y sha�� b��oint and severa�. �3owever, any Borrower v�rho c�-signs�his Securrty �nstrum�nt but does not execu�e the Note�a "Co-5igner"}: �a) is�nWs�gning �his 5ecuri�y�ns�rumen�anly ta mor�gage, gran�and Gnnvey the�a-signer's interes� in the Property under�he terms of�his�e�urity Instrum�nt; [b} is no�personally obl�gated�o pay�he sums s�cured by�his Secur��y ��stru�n�n�; and �c} agrees that Lender and any o�her Borrower can agree�o extend, modify, ftirbear or make any a��vmm�dat�ans�rith regard�o�he terms of th�s Security�nstrum�nt or�he No�e w��hou�the co-signer's consent. Sub�e�t to the pro�isions of Section �8, any Succe5sor in Interes�of Borrower who a5sum�5 Barrower's ob�iga�ions under this S�curi�y�ns�rument in►writing, and�s appra�r�d by Lender, shali obta�n aX�of Borro�rer's righ�s and benefi�s under�his Securi�y �nstrumen�. Borrawer shall no�be released from Borrawer's ob�igations and 1iab��ity under th�s Security Insfrumen�un�ess Lender agrees to such re�ease in wr�ting. The covenan�s and agreemenfs af th�s Securit�r�nstrument shal� bind (excep�as prflvid�d in Secti�n 2D} and benefi�the successors and assign� �f Lender. �4. Lvan Cha�ges. Lender may charge Borrour�r fees for serv�ces performed in conn�c�ion with Bflrrower's default, for the purpose�f protec�in� Lender's �nterest in the Prop�r�r and righ�s under thi� Se�urify �nstrum�.ent, inc�uding, but na�limited�o, a��orneys' f�es, prop�rty inspec�ion and valuat��n fees. In regard�o any other fees, �he absence of express au�har�ty �n�his Secur��y�nstrumenf�o charge a speci�c fee to Borrou�er sha11 not be constru�d as a pr�hib�tian on the charging of such fee. Ler�der may not charge fees �hat are�xpressl�prohibi��d by th�s Securi�y�nstrument ar by Ap��icable Law. �f the I.oan is subjec��❑a�avv vvhich se�s ma�imum�oan charg�s, and that law is fina��y int�rpre�ed so�hat �he interest ar��her loan charges c�Ilected or�o be collec��d in connec�ion vvi�h the Loan exGe�d the permitted limi�s, �h�n: �a� any su�h loan charge shall b�reduc�d by �he arnoun�necessary �o reduce�he charge to the perm��ted limit; and ��} any sums already�o�lected fram Barrower which exceeded permit�ed lim�ts wi11 be r�funded��Barrovver. L�nder may ch�ose�o mak�this refund by reducing the principal ou�ed under�he No�e or by making a direct paymen�to Bo�r��er. �f a ref�und reduces principa�, the reduc��on wiil be treated as a parCial prepaymen��rithout any pr�paymen�charge ��v�ether ar not a prepayment charge is pro��ded far under�he Note}. Borr��ver's accep�an�e�f an� such refund made by d�rec�payment�fl Borrower will constitute a vvai�er of any right of act�an Barrower migh�have aris�ng out of su�h o�ercharge. �5. Natices. A�1 notices given�y Borrower or Lender iri conne��ion v�ri�h this Securit� Ins�rument mus��in writi�g. Any notice��Borrower in�onne�t�o�vv�t� �his Security Instrumen�s��al� be d�emed �o hav�be�n g��en tn Borrower when mai�ed b� first class mail ar vvhen ac�ual�y del�vered ta B�rrowver's notice addres�if sen�hy fl�her means. Notice�o any one Borrower shall consfi�ute nn�ice to a�l Borrow�rs un�ess Appli�ab�e Law expressly requires otherw�se. The no�ice addr�ss sha�l be�he Property Address un��ss Barr��xrer�has NE6Ry5KA-Singte�amily-�a�nie Mael�reddie Mac UNIF�RM iNSTRUM�NT �arrr-i 3028 i IOa ' VMP g VMP6{NEf�1302� Walters Kiuw�r Finar�cial 5er�ices Page 1 1❑i�7