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200302633
<br />acederxumn has oa;urred, interstate as provided in Section 19, by causing the action or proceeding to be
<br />dismissed with it riding That, in Lender's ludghucnt, precludes forfeiture of the Property or other material
<br />impairment of Lender', imcmsl in the Property or rights under this Security Instrument. The proceeds of
<br />any ,.ward of claim for dmu'a ^es that are auribumble to the impairment of Lender's interest in the Property
<br />are he« rhy as: ipncd anti sJedl be paid to Lander
<br />All Misxllaucoue Promo., that are not applied to restoration or repair of the Property shall be
<br />applied in the oiler pro, ided Rn in Section 2.
<br />'. Bin, o,cr No Rdcw +cd: Ponce,v all cc By Lender Not a Waiver. Extension of the time for
<br />payment or n:odiI n cat ion of anion irnfion of the sunis, seeural by this Security Instrument granted by Lender
<br />to Borrower or curt Successor tr. Interest of Bo: rower ,hall not operate to release the liability of Borrower
<br />or any Sccussor, "ia Interco of Borrower. Lei, s, shall not be required to commence proceedings against
<br />any Sts"cssor in Ill erot of Itonuwer or to refuse to extend time for payment or otherwise modify
<br />=Oltt1lnion of the sums secured by this Scsuriha Instrument by reason of any demand made by the original
<br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or
<br />remedy including, without Iin.ttallon, Lcndef, acceptance of payments from third persons, entities or
<br />Successors in lutem t of Borrower or in amounts less than the amount then due, shall not be a waiver of or
<br />preclude the exercise of anp right or remedy.
<br />13. Joint and Several Linbility; Co- signers; Successors and Assigns Bound. Borrower covenants
<br />and agrees thus l30110111 '' ohlieations and liability shall tic joint and several. However, any Borrower who
<br />co -signs this Ssourity Instohmcnl but does not execute the Note (a "co- signer "): (a) is co-signing this
<br />Security Instrument ooh to mormagc, grant and convey the co- signer's interest in the Property under the
<br />terms of this Sscunty 1IMFu IClhl: th) is not personally obligated to pay the sums secured by this Security
<br />Instmmcral mcl tc9 agrees that Lender and ane other Borrower can agree to extend, modify, forbear or
<br />make any accommodations with regard m the terms of this Security Instrument or the Note without the
<br />co-signer's consent.
<br />Subject to the provi,ious of Section 18, any Successor in Interest of Borrower who assumes
<br />Borrower's obligations under this Security Inatntmcit in writing, and is approved by Lender, shall obtain
<br />all of Rorrover'S ngha and buucGts midst this Security Instrument. Borrower shall not be released from
<br />Borrower's obligations and 1,,N]m under thus Security Instrument unless Lender agrees to such release in
<br />writing. The covcnaua, and :ol,,n ctils of Ihis Security Instrument shall bind (except as provided in
<br />Seetlnn 20) and hcoefil :hr. its, ..suns and ssi ^as of Lsuder.
<br />N. Lmm Chm;ges. Lcuder m;ry charge eorrovsr fees for services performed in connection with
<br />Borrowcr's dat.uth. li : the purause of pnhmccng Lender's interest in the Property and rights under this
<br />Semi n less, ment, im ,cline. hui not linhitcd to, attorneys' fees, property inspection and valuation fees.
<br />In rc „aid to i .c other tics tl c .s,nce a cspra„ :mthority in this Security Instrument to charge a specific
<br />fee to Burma cr shell not he c.msn ned as a prohhbaion on the charging of such fee. Lender may not charge
<br />fees that arc uspresaly flublk be Ihis SCem'Ity' Instrument or by Applicable Law.
<br />If the Lon.. i, ,ubie,! m a !ass which sets nahxinrmn loan charges, and that law is finally interpreted so
<br />that the interest of other loan charges collcuted or to be collected in connection with the Loan exceed the
<br />perinu l limits, Ihen: hp any such loan uharl -c shall he reduced by the amount necessary to reduce the
<br />charge to the permitted limit: and th) any sums :dmady collected from Borrower which exceeded permitted
<br />limits will Be refunded to Burrower. Lender may choose to make this refund by reducing the principal
<br />owed mdcr the Not, or by making a direct payment to Borrower. If a refund reduces principal, the
<br />reduction will he theamd <r, a )aerial prcpapmcat without any prepayment charge (whether or not a
<br />prepavnrent dtxrge is pnntdcd for under the ]otc). Borrower's acceptance of any such refund made by
<br />direct puymcnt lo Borro.vcr .cil I constitute a v.eccr of any right of action Borrower might have arising out
<br />Of Such ovcrchargc.
<br />15. Notices. All u.imc, ftccn by Bmro.ccr or Lender in connection with this Security Instrument
<br />must be in x, nmo. Am notice to kourowe in connection with this Security Instrument shall be deemed to
<br />have been givcu to Bonuwsr ehen mailed b� liar class mail or when actually delivered to Borrower's
<br />notice address if sent by other insans. Nonce In any one Borrower shall constitute notice to all Borrowers
<br />unless Applicable Ls.e cspmesly requires othcrwtsc. The notice address shall be the Property Address
<br />unless Borruwcr has dostgnatcd a substirutc nn:ice address by notice to Lender. Borrower shall promptly
<br />nobly Lender of Bell 'nwel s clraugc of address_ If Lender specifies a procedure for reporting Borrower's
<br />change of address, that [to rnn+sr sIInt1 pulp report a change of address throouu�h that specified procedure.
<br />eavam: ItLN/
<br />(Ml , 61n E1 to m - a Form 3028 1101
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