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200206065 dismissed with a ruling dial, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's Interest in the Property or rights under this Security Endowment. The proceeds of any award or claim for damages that are attributable to the impairment of Leader's interest in the Properly at hereby assiyed and shall be paid to Lender. All Misce laneuus Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Leader Not a Waiver. factuaion of the time for payment or modification of amorlvalion of the sorns secured by This Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall riot operate In release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortisation of the sums secured by this Security Instrument by realm ciliary demand made by the original Burrower or my Successors 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 to Interest of Borrower or in amounts less than the amount then due, shall not he 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 dial Borrower's obligaBons and liability shall be joint and several. However, any Borrower who co -signs this Serially Instrument but does not execute the Note (a "co- signer "): (a) is co- signing this Security Instrument only to mortgagge. grant and convey the co signer's interest in the Property under the terms of this Security Inslromenq (b) is not personally obligated to pay the sums secured by this Secmily Instrument; and (c) agrees that Lender and my other Borrower can agree to extend, modify, fortleat or make my accommodations with regard to the terms of this Security Instrument or the Note without the tr i &ner's cm I. Subject to the provisions of Section III any Successor in Interest of Borrower who assumes Borrower's chit atlons under this Security luxicu hem in writing, and is approved by Leader. shall obtain all of Borrower s ri ghts and benefits under this Security Instrument. Borrower shall not he released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release In writing. The covenants and agreements of this Security Instrument shall bind (except as provided In Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but ant limited to, altomeys' fees, pmperiy inspection and vaivattun fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be constmed as a prohibition on the charging of such fee. Lender may nod charge fees that are expressly prohibited by ([its Security InsWment or by Applicable Law. If the Loan is .subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected In connection with the Loan exceed the permitted limits. then: (a) my such lean charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (bl any sums already collected from Borrower which exceeded permitted limits will he refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a reund reduces principal, the reduction will be treated as a patlial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Burrower will wnstitum a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connttdon with this Security instmment 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 first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice in any one Borrower shall common, 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 Borrnwer'.s change of address. If Lender specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. .Z��// r. ®6BiNE)Imos) r.y. eo orris Forrc3028 1101