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200502951 pOC ID #: 0009051259203005 the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any fight or remedy including, without limitation, Lender's acceptance of payments from all not be a waiver of or preclude the exercise of any Borrower or in amounts less than the amount then due, right or remedy. and 13. Joint and Several Liability; Co- signers; Successors and Assigns Bound• Borrower Bo owe who agrees that Borrower's obligations and liability shall be joint and several. However, any co -signs this Security Instrument but does not execute the Note (a "co- signer "): (a) is co- signing this Security Instrument only to mortgage, grant and convey the co- signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Securiterinstniinent the Note without othe co-signer's can agree to extend, modify, any accommodations with regard to the terms of this Y consent. Successor in Interest of Borrower who assumes Borrower's Subject to the provisions of Section 18, any all of Borrowefs obligations under this Security Instrument in went, Borrower shall not bee eased from Borrower's obligations rights and benefits under this Security Instrument, and liability under this Security Instrument bind (except a.prov provided n Sect on 20) and benefit the successors agreements of this Security Instrument shall and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed ri connection with i Borrower's default, for the purpose of Pro attorney Lender's interest in the Property g Security Instrument, including, but not limited to, attorneys fees, property inspection and valuation fees. In other fees, the absence of express authority in this Security Instrument to charge a specific fee to regard to any rexpre s t the charging of such fee. Lender may not charge fees that Borrower shall not be construed as a p Applicable Law. are expressly prohibited by this Security Instrument or by pp If the Loan is subject to a law which sets tmo to �e collected gin connechtionawith the 1Loant e xceed the that the interest of other loan charges collected the amount necessary to reduce the charge permitted limits, then: (a) any such loan charge shall be reduced by limit; and (b) any sums already collected from Borrower which exceeded permitted limits will to the permitted this be refunded to Borrower. Lender may choose to If a refund reduces principal, he reduction will be treated as Note or by making a direct payment to Borrow er. er or not a prepayment charge is provided for a partial prepayment without any prepayment charg e wheth under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any fight of action Borrrower or1Lender in ac 15. Notices. All notices g by onnect on with this Security Instru ment must be in writing. Any notice to Borrower in connection ma 1 to�s�Sh nracytually delivered to Borrower's notice been given to Borrower when mailed by address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers dress unless Applicable Law expressly requires otherwise. The notice notice address Lender be the roer shall promptly notify Borrower has designated a substitute node address a procedure for reporting Borrower's change of Lender of Borrower's change of address. If Lender specifies P address, then Borrower shall only report a change of address through that ne time. Any notice to here may be specified procedure. only one designated notice address under this Security Instrument at any be given by delivering it or by mailing it by first class Analnoticenn connection with his Security Instrument designated another address by notice to Borrower. Y notice required by any shall not be deemed to have been given to Lender gable Law, received Law requirement will satisfy this Security Instrument is also required under App the corresponding requirement under this Security Instrument. Instrument shall be governed 16. Governing Law; Severabily; Rul of n which he1Propehrry Security s located. All rights and obligations by federal law and the law of the jurisdiction contained in this Security Instrument are suballot��lany art parties agree by and co tract or it might silent, but Applicable Law might explicitly or implicitly hibition against agreement by contract. In the event that any such silence shall not be construed as a p Applicable Law, such conflict shall provision or clause of this Security Instrument or the Note conflicts with App not affect other provisions of this Security Instrument or the Note which can be given effect without the conflicting provision- ender shall mean and include As used in this Security instrument: (a) words of the masculine g corresponding neuter words or words of the feminine gender; sole discretion without any obligation o takeo�Y the plural and vice versa; and (c) the word y gives action. iven one co of the Note and of this Security Instrument. 17. Borrowers Copy. Borrower shall beg copy 18. Transfer of the Property or a Beneficial Interest in Borrower. including, bunt not limned 8 , "Interest in the Property" means any legal or beneficial interest in he Property, those beneficial interests h he transfer of title deed, by Borrower atfa future date toea pu h as ttract or escrow agreement, the intent of w ick is Initlal�' Form 3028 1/01 (®- BA(NE) (0005).01 CHL (01/01) Page 8 of l l