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Ju11-30 -00 13:13 From- T -601 P 20 F -139 Or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in IntereSi of Borrower or to rel'use to extend time for payment. Or Otherwise modify amortization of the sums secured by this Security instrument by reason of any demand made by the original Borrower or any Successors in interest of Borrower. Any forbearance by Lender in exercising any right or renhedy including, without limitation, Lender's acceptamce of paymenti from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not he it waiver Of or preclude the exercise of" any righr or remedy. 13. Joint and Several Liubility; Cu- signers; Successors and Assigns Round, Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. Tiowever, any 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 PI.Operty under the tarns of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Tnstruuhent; rind (c) agrees that Lender and any other Borrower can agree to extend, modily, forbear Or 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 in Interest of Borrower who ussunies Borrower's obligations under this Security In9lrttrne111. 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 Borrow;r's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements at this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charge% Lender may charge, Borrower fees for services perlormed in connection with Borrower's default, for the purpose of protecting Lender's interest in die Property and right, under hats 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 lnstrumcnt to charge a specific tee to Borrower shall not he construed as a prohibition on the charging Of such fee. Leader may not charge IceS that tire expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interprelcd so that the interest or other loan charges collected or to be collected in connection with the Loaiti exceed 'lie permitted limits, flicn: (a) tiny such loon charge shall be reduced by the amount. necessary to reduce the charge tO the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limo's will be refunded to Borrower. Lender may choose to make this refund by reducing Ole principal owed under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will he treated is a p trlial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's accoptarice ol' any such refund made by direct payment to Borrower will constitute a waiver of any right of acl.iou Burrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any nonce to Borrower in connection witli this Security Instrument shall be deemed to have been given to Borrower when mailed by first class rnail or when actually delivered to Borrower's notice address it sent by other means. Notice to any one Borrower shall constitt u. notice to all Borrowers unlesS Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. i1" Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. Then: may be only one designated notice address under this Security Instrument at any one lime. Any nol.ice to Lender shall bo given by delivering it or by mailing i► by first crass maul to I- endcr's address Stated herein unless Lender has designated another address by notice to Borrower. Any notice .in 7200303 -00 INtraleT (M- aA(NE) t090�1.02 Page to of 16 Form 3028 3199