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20071014€f accelerarion has occurred, reinstate as provided in Section 19. by causing the action or proC&";ding to be dismissed with a wling mat, in Lender's judgment, precludes fotfeirure of the Prop<":rty or other material iJ.npainnenr of Lender's interesr in the Property or rights under this Secutlty Instrument_ The proceeds of any award or claim for damages that are attrjbutable to the impainnent of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous rroceeds that are not applied to re.storation or repair of the Property shall be. applied. in the order provided for in Section 2. 12. 'Borrower Not Released; ForbearauC!f': By Lender Not it Waiver. ExtensiOn of the time for payment or wodificaUon of amortizatioo ot The sums secured by th:i$ Security Instrument granted by Lender to Borrower or any Successor in Interest of :Borrower shall not Q~erate to release the lia.bility of Borro,:"er or any SuccessorS in lnterest of Borrower. Lender shall not oe ~quired to connne:uce proceedings agamSt any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise lllOdify amortization of the sums secured by this Security Instroment by reason of any demand made by the original BOITower or any Successors in IntereSt of 'Borrower. Any forbearance by Lender in exercising any right or remedy inc:ludjng, without lim.ita.tion. Lender's acceptance of payments from third persons. entities or Successors in Intere5t of Borrower or in amounts less than the amount then due. shall not be ll- waiver of or preclude the exercise of any rigbt or remedy. 13. Joint and Several Liability; Co--signers; Successon; and Assigns Bound. Borrower covenants and agrees that Borrower's obligarions and liability shall be joint and several. However. any Borrower who co-signs this Security Instrument but does nO! execute the Note (a "co-signer"): (a) i5 co.s-iE;tJ.~g this Security Inst.rument only to WOrtgage, grant and convey the co~signer's interest iu the 'Property tmder the tenns of this Security Instrument; (1:1) is 110t personally obligated. to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any. other Borrower can agree to extend, modify, forbear Or make any accommodations with regard to the teIlIlS of tb.~$ S~curity Instrument or tbe Note willout the co~si~ner's consent. Subject to the provisions of Sectioo 18, atJ.y Successor in Interest of Borrower who assumes Borrower's obligations under this Security lnstlUme:nt in writing, and. is approved by Lender, shall obtain all of Borrower's rights <wd ol!nefits under this Security losuu:menr. Borrower shall not be released from Borrower's obligatiOXJ.S and liability under this Security InStrument unless Lender agrees to such release in writing. The covenants and agreements of this Security InStI'ulne1lt shall bind (except as pJ;ovided in Section 20) and benefit the $uccessors and assigns of Lender- 14. Loan CbNge$. Lender may char,s:e Borrower iees for services performed iu connection wirh Borrower's default, for the purpose of protectin~ Lender's ioterest in the Property and rightS under this Security InstnlIJJ,t':))t, including, but not limited. to, attorneys' fees, property inspection an.d valuation fees. In regard to any other fees. the absence of express authority jn this Securhy Instrument to charge a specific fee to BOno-wer- shall not be construed ~ a probibition on me charging of sucb fee. Lender may not charge fees that are expressly prohibited by this Security lnst~t or by Applicable Law. If the Loan :is SUbject to a law which setS max:imu:m loan charges, and that law is fmally interpreted so thaI the interest or other 10m c:l;targes collected or to be collected :in cOIll'lection with the Loan exceed the pennitted limits, then: (a) any sucb loan charge shall be reduced by the at.l'10utl.t necessary to reduce the charge to t;be pennirted limit; and (b) any sums already collected from Borrower which exceeded permitted litcir$ will be refunded to Borrl'lwer. :Lender may choose to make this rdund by reducing the principal owed under the Note Ot by making a direct paymenr to Borrower. If a refund red'iices principal, the reduction win be treated as a panial prepayment without any pr~a'Y:metJ.t charge (whether or nOt a prepayment charge i$ pl'Ovided 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 BOrrOWe1 might have arising out of sucb overcharge. , 15. Notkes-. All notices given by Borrower or tender ill connection with this Security Instrument must be in writing. Any notice to :Borrower in connection with this Security Instnnnent shall be deemed to have been given to Eottower -.vhen mailed by first clll$$ mail or when actually deli'l/ered to Borrower's notice address if sent by other means. Notice to anyone Borrower shall constimte notice to all BOrrOwe,(S unless Applicable Law expressly requires otherwise. 1M notice address shall be the ProperlY Address unless Borrower has designated a subsritute notice address by notice to tender. Borrower shall promptly notify Lender of Borrower'S change of address. If Lender specifies a procedure for reporting Borrower's c:h,ange of address, then Borrower shall only repon a change of address through that specified pmcedure- InitialS! // G-GINE) (0005) ~ ~"lIQ 10 gf 15 <:) V Form 3028 1/01