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~~9908684 acceleration has occurred, reinstate as provided in Section 19, by causing the action ar proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Froperty or other material 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 Prapcrty are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are net applied to restoration or repair of the Prapcrty shall be applied in the order provided far in Section 2. 1.2. Borrower Nat Released; Forbearance 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 Horrower or any Successor in Interest of Borrower shall net operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend tuna for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successars in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successars 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 right or remedy. 13. Joint and Several Liability; Co-signers; Successars and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower wha co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Harrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note withaut the ca-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower wha assumes Borrower's obligations 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 shall not be released from Harrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lander 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 rights under this Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any ether fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may net charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Laan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest ar 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 Borrower which exceeded permitted limits will be refunded to Horrower. Lender may choose to make this refund by reducing the principal awed under the Note or by making a direct payment to Harrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or net 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. ] S. Notices. All notices given by Borrower or Lender in canncctian with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Harrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by ether moans. Native to any one Borrower shall constitute notice to all Horrawers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Under of Borrower's change of address. If Lender specifies a procedure for reporting Harrawer's change of address, then Borrower shall only report a change of ess through that specified procedure. 0110299236 Intl Is: -s1N~) (OQ07).02 Pie 10 of 15 ~~ ~URII 31128 ~~Q~