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MAR -14 -2003 FRI 01:48 PM WELLS FARGO HOME MTG FAX NO. 4025382983 P. 19 200303116 acceleration has oa urred, reinstate as provided in Section 19, by causing the action or proceeding in he dismissed with a ruling that, in lender's judgment, precludes forfeiture of the Property or other material impairment of Umer's interest in the Property or rights under ibis Security Instrument. The proceeds of my award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellantous Proceeds that are not applied to reswration or repair of the Property shall be applihd in the order provided for in Section Z. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or mtodifhe: lion of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Intent of Borrower shall not operate to release the liability of Borrower or any Successors it Interest of Borrower. Lender shall nun be required to commence proceedings against any Successor in Interest of Borrower or to refuse 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 my Sri cessers in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound, Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co -signs this Security Instrument but does not execute the Note (a "co-signer "): (a) is co- signing this Security Instrument mly to mortgage, grant and convey the co- signer's interest in the Property under the Teens of this Securir/ Instrument, (b) is not personally obligated to pay the sums secured by this Security Los tmmenh and (c) igres that Lender and any other Borrower can agree To extend, modify, forbear or make my accomerm aeons' with regard to The tern um s of this Security Instrument or the Now without the co- signer's consent. Subject to the provisions of Section 18, my Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument 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 Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The coveaaus and agreements of This Security Instrument shall bind (except as provided in Section 20) and bevel it the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default. lot the purpose of protecting lender's interest in the Property and rights tmdar Chia Security Instrument, ncluding, but not limited m, attorneys' fees, property inspection and valuation fees. In regard to my othel fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender tray not charge fees that are expressly prohibited by this Security Instrument or by Applicable law. If the Loan is su )ject to a law which sets maximum low charges, and that law is finally interpreted so that the interest Or ifier loan charges collected or in be collected in correction with the Loan exceed the permitted limits, them: (a) my such loan charge shall be reduced by the warmit necessary to reduce the charge to the pemuttcd limit; and (b) my sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. leader may choose in make this refund by reducing the principal owed under the Note or by nuking a direct payment To Borrower. If a refund reduces principal, the reduction will be treated se a partial prepayment without my prepayment charge (whether or not a Prepayment charge is provided for under the Note). Borrower's acceptance of my such rental made by direct payment m Bon ower will constitute a waiver of my right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in coneecrion with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by firs[ class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to my one Borrower shall constitute notice in all Borrowers unless Applicable Lasr expressly requires otherwise. The notice address shall be the Property Address unless Borrower has dsignared a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Bomwer's change of address. If Lender specifies a procedure for reporting Borrower's change of address, Tben Borrower shall only report a change of address through that specified procedure. 4m- etfaal Vwfi, P „Oa ro ana innaa.� Form 3028 1/01