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200603823 acceleration has OCCllITl'd, reinstate as provided in Section II), hy causing the action or proceeding to be dismissed with a !'ulillg lilal, in Lender's judgment, preclude; forfeiture of the Property or other material impairment of Le:l(kT's illterest in the Propeny or rights ulldcr Ihis Security Instrument. The proceeds of any award or clail\! :-01' (i'lnagcs that arc attributable to the illlpairment of Lender's interest in the Property are hereby assignee! :lI1d ::,a!J he paid to Lel1(kr. All MiseelLIIlI'\)lIS ; 'rucI'llds that are nOI applied 10 re:,loration or repair of the Property shall be applied in the order prov Icll'cI for in Section 2. 12. Borrower 00t !h'leaserl; Forhearance By Lender Not a Waiver. Extension of the time for payment or lllOdific;ltion of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or ally SIICC,'",H in Interest of Borrower shall not uperate to release the liability of Borrower or any Successors in Interet or Borrower. Lender shall not be ,'equired to commence proceedings against any Successor in Iillcrest of Borrower or to refuse to cxteml time for payment or otherwise modify amortization oC thc sums :;ecured by this Secul'ily Instrumenl by reason of any demand made by the original Borrower or allY Successors in Interest of Borwwer. Any forbe<lrance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interesl of Borrowl:r or in arnounts less than the amount then due, shall not be a waiver of or preclude the exercise of ,illY right or remedy. 13. Joint and Severnl Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees th,lt B()rr()wer's obligations and liability shall be joint and several. However, any Borrower who eo-signs this Security Insl mlnent but does not execute Ihe Notl: (a "co-signer"): (a) is co-signing this Sel:urity Instrument only to mortgage, grant and convey the co-signcr's interest in the Property under the terms of this Securilv In:,lruillent: (b) is not personally obligated to pay the sums secured by this Security Instrument; ,Illd (c) ;Igrecc's that Lender and ;IllY other Borrower can agree to extend, modify, forbear or make any aceomlllod:ltio::.c; with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations 1I1~der lilis Security Instrument in writint'. and is approved by Lender, shall obtain all of Borrower's rights :Illd benefits under this Security Instrulilent. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing, The covenants ,Illd <Igreements of this Security Instrument shall bind (except as provided in Sectiilll 20) and bl;l1L'I'li Ihl' :.Lll:cessors and ,lss.igns of Lendl'!", 14. Loan Clulr~es. Lender may ch,rrge Borrower fees for services performed in connection with Borrower's default, I"or the purpose of protecting Lender's interest in the Property and rights under this Security Instrurnent, i nclud i ng, but not I irnited to, attorneys' fees, property inspection and valuation fees. In regard to ,Illy other fees, the absencl: of express authority in this Security Instrument to charge a specific fee to Borrower sha]1 not be construed as a prohibition on the ::harging of such fee. Lender may not charge fees that are expressly prohibited by this Sl:curity Instrument or by Applicabk Law. If the Loan is suhject to a law which sets maximum loan charges, and that law is finally interpreted so th,lt the interest or other lo:m charges collected or to be wllcu('(l in connection with the Loan exceed the permitted limits, Ihelr: (:1) :II1Y such loan charge shall be reducecl by the amount necessary to reduce the charge to the pernlitted lilni:; and (b) any sums alrl:ady colleCll:cI from Borrower which exceeded permitted limits will be rcluwkcl 1(1:10rroWl,T. Lender may choose to lll;lke this refund by reducing the principal owed under lile NI'ie' or by making a dirl'u payment to Borrower. If a refund reduces principal, the reduction wi]] be ITl'atl'c! as a partial prepayment without any prepayment charge (whether or not a prepayment chance is pnl\'lclecl for under the Notl:). Borrowl.T's acceptance of any such refund made by direct payment to BorrOWl,T will constitute ;1 waiver or any rigill of action Borrower might have arising out of such overcllargl:. 15. Notices. All nCliices given by Borrower or Lcnder in connection with this Security Instrument must be in writing, AllY nOlice to Borrower in connection witll this Security Instrument shall he deemed to have been gi ven to B01TO\\Cr when Inailed hy first class '11:1 d or when actually delivered 10 Borrower's notice address i I' selll by other means, Nol iCl: lO anyone 13ori'llwer shall constitute notice to all Borrowers unless Applicabk Law :_'\]JiTssly requires otherwise, The notiix address shall bc thl: Property Address unless Borrower has design:lted a substitute notice address by notice to Lender. Borrower shall promptly notify Lender or [ll)!"!'o\ver'" change or address. I I' Lender SIV'Ci ries a procedure for reporting Borrower's change of ;1(ldl'CS':, tlien 13ll"nJwer shill I on]y rl:port a chan~.e of address through that specified procedure. 0110252081 G-6INEII040/)01 @ Pa~Je 10 of 1 5 I"itial>i~~_ Form 3028 1/01