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200207076 12. Rorrower Not Released; Forbmlranoe By Lender Not a Waiver. Extension of the time for payment or modifieatian of a lly'07etion (lithe sums secured by (his Security Instrument grntel by Lender m Rorrower or any Successor in Later of Barrocei shelf not operate to rclwm the liability of-Borrower orany Suc n Interest of Ronowe: lender shall not be required to commence proceedings against any Stwxdsor in Interest of Borrower cr m refuse to extend time for, payment or otherwise modify amorixinion of the sums secured by this Sccunty Instrumortby reason of any demand made by the origmal Borrower or any Surexvsors in In[ce t of Borrower. Any forbearance by Lender in exercising any right or remedy including, without Influence, I orders acceptance of payments from drlyd persona, courts or Successors in Intcrost of Boreower or in amounts less than the amount then due, shall rat be a waiver of or preclude the exercise ofuny richl or remedy_ 13. Joint and Several Liability; Cosigners; Successors and Assigns Round. Borrower covenants and agmby that Borrower's obligations and liability elan entrant and several However_ any Rorrower who -signs this Security [instrument but does not execute the Note (a "co- signer"): (a) is co- signing dus Security Instrument only to rorneda, giant and toasty the co-spin's interest in the Prepare,; under the terns of this Security Instrument, (b) is not personally obligated to pay the sears secures) by this Security Instrument, and (L) agrees do Lender and any other Borrower can agree to extend, modify, great of Hake any .c nodaiions wall regard to the tents of this Security Instrument or the Note without the txsigaefs consent Subject to the procracs, of Section IR_ any Successor in Interest of Borrower who assumes Rorrower's obligations tndta this so fnmmunent in welling, rid is approved by Lcndcq shall obtain all of Borrowers lights and benefits under this Security Instrument Rnnower shall nod be released from Borrower's Ohhgotirnis told liability under this Security Instrument mless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Sedion 20) and benefit thcsu uco rid assigns ofL ndar. 14. Loan Charges. Lender may charge Borrower fees for services performed in transaction with Borrower's dedulr for the purpose ofprotecting Lender s inert in the Property and rights under this Steurity Inatnllaonl, iududing, bat not limited to, utomecs fees, linearly inspection and valuation fees_ In regard w any ether fees, the absence ol- ,Bees a ichmily in [his Seenrity Instrument to charge a specific fee to Borrower Tall not be constrrrod as a prohibition on the charging of such fee. Lender may ant charge fees Not sat expr'cssly pmhlba d by this Starry Instrantla orby Applicable Lasv. If the To Is subject to a law which sets maximum loan charges, and that law is finally interpreted so that lilt interest or other loan Barges collected or to be collected in connection with the Loan exceed Nc permitted limits. then: (a) any such loan charge shall be reduced by tiro nrwanl necessary to reduce the charge 1(l the permitted limit, and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender nhnv choose re make this refund by reducing the principal own) Under tie Nrie or by making a dived [viver ell to Borrower Ifa tetrad reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a pretraymenr charge is provided of under Ne Note). Bolo wen "s acceptance ofa s suds rcGUd rude by direct payment to Borrower will constitute awary t iofanylight of action Borrower might have arising out ofsueh overcharge 15. Notices. All notices given by Borrower or Leader in connection with this Security Interment mart be in writing. Any notice m Borrower in connection with Nis Security Instrument shall be deemed to have been ghbnr m R.mvvver whet Trailed by first class mail or when actually delivered to Borrower's notice address if sent by other means_ N (ldce to any one Borrower shall eoishadc notice to all Romownra unless Applicable Law expressly requires oNmwiee. �fiIVL)Imyr Pupe la Lf mnois n lS free 3038101