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20070947:'4' acceleration has occutted. rewstate as provided in Section 19, by causing the action or proceeding; to be dismissed with a ruting that, in Lender's judgment, precludes forfeiture of the Property or other materill1 impairment of Lender's interest in the Property or rights under this SecurIty Instrument. The proceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restotation or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tUne for payment or modification of Ilmortization of the sums secl.\tCd by tb1J Security Inittum.e:nt grll11ted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower Ot any Successors in.Intercst of Borrower. Lender shall not be required to commence proceedings aa-ainst any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the smns secured by this Security Instrument by reason of any demand made by the Original Borrower or any Successors in Inte{est of Borrower, Any forbearance by Lender in exercising any rlaht or remedy including, without limitation, Lender's acceptance of payments from third persona, entitiea or 'Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any riabt or remedy. 13. Joint and Several Liability; Co-sigDers; Successors and Auigns Bound. Borrower covenants and asrees that BOIIOwer's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"); (a) ilS co-sianing; this Security Instrument only to mongage, gtl1O.t and convey the co-signer', intetest h1 the Property under the tenns of this St1:urity Instrument; (b) is not personally obligated to pay the 5UJDl1 secured by thllS Security Instrument; and (c) agrees that Len~ and any othet Borrower can agr~ to extend, modify, forbear or make any accommodations wiUl regard to the tem18 of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of Section 18, any SuccealOt in Interest of Bouower who MSUm.eS Borrower's ob1i~ations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower s rights and benefits under this Security Instrument. Borrower ~a11 not be released fI'jJm Borrower's obligations and liability under this Security InBtrument unless Lender agrees to lluch release in writing. The covenants and agreements of this Security Instrument shall bind (except 8S provided in Section 20) and benefit the successors and assigns of Lender. 14. l.oan 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 fishts under this Security IlUt1'\11nrnt. including, but not limited to, attorneys' tees, property inspection and valuation fees. In reJw to any other fees. the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition Oft the charging of such fee. Lender may I10t chlU'ge ' feet that are expresSly ~roltibited by this Security InstNment or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally intetpreted so that the interest Or other loan charges collected or to be collected in connection with the Loan exceed the pemtitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the cl1arge to the pennitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the :principal owed under the Note or by making a direct payment to Borrower. If a refund reduces princ1pal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is providecl for under t11e Note), Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrowex might have arising out of such overcharge. 15. Notices. All notices given by BolTOwer or, Lender in connection wIth this Security IMtnunent must be in writing, Any notice to BOll"ower in connectiOn with this Security Instrument shall be deemed to ilave been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other mellIlB, Notice to anyone Borrower shall constitute notice to aU Borrowers unless Applicable Law expressly requires otherwiSe. The notice address shall be the Property Addres8 unless BOrrower has designated a substitute. notice address by notice to Leru1er. Borrowex sb,a11 promptly notify Le11dtlr of Borrowet'l!; change of address. If Lender specifiC!! a procedure for reporting Borrower's change of addre8s, then Borrower shall only report a change of address through that tlpecified procedure. Injlill~:_~ (? _-6(NEHOOOSl I'~a~ 10 ~f 16 '''.rorm 3028 1101