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---I 200708697 acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with 8 nilio.g that, 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 Instnunent. The proceeds of any award or claim for damages that are attributable to the impab::ment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the PIoperty shall be applied in the order provided for in Section 2. U. Borrower Not Released; Forbearaoce By Lender Not a WaIver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any SuccesSOI in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in. Interest of Boxrower. Lender shall not be required to CODIIIl6tlCe proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums seemed by this Security Instrument by reason of any ljemAniI made by the original Borrower or any SUccessors in Int.eJest of Borrower. Any forbeaJ:anco by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, en1i.ties or SUccessors in. lnteJest of Bonower or in amounts leSll dum the IlIIlOUJlt then due, sball not be a waiver of or preclude the exercise of any right or remedy . 13. Jomt and Several Llabtuty; Ccrsigners; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Bonower who eo-signs this Security Instrument. but does not execute the Note (a "eo-signer"): (a) is co-signing this Security Inst:n.mwnt only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not pcrsOJl8lly obligated to pay the sums secured by this Security Instrument; and (c) agrees that Leoder and any other Bonower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Secwity Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Bonower who assumes Borrower's obligations under this Security h1atroment in writing, and is approved by LCIJder, shall obtain all of Borrower's rights and benefits under this Security Instro.men.t. Borrower shall not be released from. Borrower's obligations and liability under this Security Instr1lJDeDt unless Lender agxees to such Ielease in writing. The covenants and agreements of this Security Instmment sball bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Bonower :fees for services perfonned in connection with Bonower'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 valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Bonower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instmmcnt or by Applicable Law. H the Loan is subject to a law which sets maxinnnn 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) 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 Bonower which exceeded permitted limits will be refunded to Bonower. Lender may choose to mab this refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refuDd :reduces principal, the reduction will be treated 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 refund:made by direct payment to Borrower will constitute 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 connection with this Security Instrument JIlUSt be in writing. Any notice to Bonnwer 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:meaDS. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be tho Property Address unless Borrower has designated a substitute notice address by notice to Lender. Baaower sball promptly notify Lender of Borrower's change of adtb:ess. If Lender specifics a:~ :r Jcpo;rting Bonower's _ of _. lhm Bam>wcr man ooIy """". _ of ~~IIat, r prooedoIe. _-6INE) (0006) P_ 10 af 16 V Form 3028 1/01