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200206926 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Lxtension of the time for payment or modification of amortization of the saris secured by this Security Instrument granted by 1 meder to Borrower or any Successor in Interest of Borrnwcr shall not operate to release the liability of Borrower or any Successors n Interest of Burrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse nt extend time for, payment or otherwise modify amortization of the sans secured by this Security Instrument by reason of any demand made by the original Borr ower or any Successors in interest of Borrmver Any forbearance by Lender in exercising any right or remedy including, without function, Leaders acceptance of payment from third persons, entities or Successors in Interest of Borrower or in amounts less Ilan We ammmt then due, slap not be a waiver of or preclude the exercise of any right or moody, 13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrowers obligations and liability shall be joint and several. However, any Borrower who -siyms this Security Instrument but does not execute the Note (a "co-signer')'. (a) is co-signing this Secrecy Instrument only to mortgage, grant and convey the ca- niEnre2s interest in the property under the emirs of this Security Instrument, (b) is not personally obligated in pay the sums secured by this Security Instrument and (c) agrees that Lender and any other Burrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Sommy Instrument or the Note without the co- signer's consent. Subject to the provisions of Section 1S. any Successor in Interest of Bonower who assumes Borrower's obligations under this Security Instrument in certang, and is approved by tradctrader, shall obtainall of borrowers rights mid benefits under this Security Instrument. Borrower shall not be released from Bomowels 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 Leader. 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 not limited to, attorneys' fees, property inspection and saturation 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 conswed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Sector) Instrument or by Applicable Law. If the Iran 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 pemrirmd limits, then. (a) any such loan 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 limits wit be refunded to Borrower. Lender may choose to make this refund by reducing the principal awed under the Note or by making a direct payment to Borrower. If a refund reduces principal, the reduction will he heated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note)- Borrower's acceptance of any such refnd made by direct payment to Borrower will constitute a wan e r of any right of action Borrower might have dosing out of such overcharge_ 15. Notices. All notices given by Borrower or Lender in connection with this Security ]umnament 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 Borrowers notice address if sent by other moves Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. initials, (jillanslq nm.I Page 10or15 Fonn 3r29 1,01