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200802938 acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceedinl to be dismissed with a ruling that. in Lender's judgment. precludes forfcilure of the Property or other material impaiJ1IlCIlt of Lender's interest in the PropertY or rights under this Security InstI\III1Cnt. The proceeds of any award or claim for damales that are attributable to the impairment of Lender's interest in the Property arc hereby assigned end shall be paid to Lender. All MiscclllUlCOUS Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not R.elealIedi ForbetU'llDte By Lender Not a Waine. Extension of the lime {or payment or modification of amortization of the sums seclltCd by this Security Instrument granted by Lender to Borrower or any Successor in l:l1terest of Borrower shall not operate to release the liability of Borrower or any Successors in Jnterest of Borrower- Lender shall not be required to commence proceedings against any Succes$O!' in Interest of Borrower or to refuSe to extend time for paYJDct1t or othexwise IPOdify amortizalion of the sums I5CICured by this Security Instrun1ent by reason of any demand made by the original Borrower or any SUccessors in Interest of BorroWCf. A1J.y forbearance by Lender in exercising my riabt or remedy including. withou.t limitation, Lender's acceptance of paymettts from thinl petSQD5. entilies or Successors in Interest of Borrower or in amounts less than the amount then due. sball not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and SevCl'al Liability; eo-signers; Successors and Assigns Boul'd. Borrower covenants and agrees that Borrower's obligations and liabil ity shan be joiJlt and several. However, any Borrower who co-sips this Security Insmu:ncnt but does not execute the Note (a "co--signet"): (a) is co-signing this Security Instrument only to mortgage. :rant and. convey the co-signer's i:l1terest in the Propcny under the tenns of this Security Insttumel1t; (b) is not personally ob1i~aled to pay the sums secwed by this Security Instrwnent; end (c) agrees that Lender and any other Borrower can agree to extend. modify. forbear or make any accommodations with regard to the terms of this Security Instroment or the Note without the eo-si~er's consent. Su.bject to the provisions of Section 18. any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's ri:J1ts and benefits under this Security 1nstnm1ent. Borrower sball not be released from Borrower's obligations and liability under this Security JnStrumen.t unless Lender agrtcS to $\lch release in writing. The covenants and agreements of this Security lnstromeDt shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrowcr's default, for the purpose of protecting Lelldcr's interest in the Property and rights under this Security Instrument. including, but not limited to, attorneys' fees, propeny inspection end valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower sball not be eonstrued as a probibition on the chargini of such fee. Lender may not charge fees that ate expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets ma.x.i.mum loan charges. and that law is fmally interpreted 50 that the interCst 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 neccssaI)' to reduce the charge to the pe.nnitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded. to Bonower. Lender may choose to make this refund by rcducini the principal owed under the Note or by making a direCt payment to Borrower. If a refund reduces principal, the reductioD will be treated as a partial prepayment without any prcpaymcttt charge (wbether or Dot a prepayment charge is provided for under tb.e Note)_ Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of an)' right of action Borrower might have arising out of such overcharge. 15. Notices. J\ll notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrwnent Shall be deemed to have been given to Borrower when mailed by first class mail or when acil1ally delivered to Borrower's Dotice address if sent by other means. Notice to anyone Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. the notice address shllll be the Property Address unless Borrower has designated a substitute notice address by notice to Lender_ Borrower sball promptly notify Lender of Borrower's chaIlge of address. If Lender specifies a procedure for reporting Borrower's change of address. then Bonower shall only report a change of address tbrough that specified procedure. 0110280022 4I!l-8INfIID407l.02 "lgI10011$ '''Itll~ rp//i. -" ~ F.... 3028 110'