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~0o9o~~i~ <br />acceleration has occurred, reinstate as provided in Sectian 19, by causing the action or proceeding to be <br />dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material <br />impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Praperty <br />are hereby assigned and shall be paid to Lender. <br />ALl Miscellaneous Proceeds that are not applied to restoration or repair of the Praperty shall be <br />applied in the order provided for in Section 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time far <br />payment or modification of amortization of the sums secured by this Security Instrument granted by Lender <br />to Horrawer or any Successor in Interest of ~OrraWCr shall not operate to release the liability of Borrower <br />ar any Successors in Interest of Borrower. Lender shall not be reyuircd to commence proceedings against. <br />any Successor in Interest of Borrower ar to refuse to extend time far payment or otherwise modify <br />amortization of the sums secured by this Security Instrument by reason of any demand made by the original <br />Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or <br />remedy including, without 1rmitation, Lender's acceptance of payrnerrts fron- third persons, entities or <br />Successors in Interest of Borrower ar in amounts less than the amount then due, shall not be a waiver of or <br />preclude the exercise of any right or remedy, <br />l3. Joint and Several Liability; Ca-signers; Successors and Assigns Bound. I3arrawcr covenants <br />and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who <br />ca-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this <br />Security Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the <br />terms of this Security lnstrument; (b) is not personally obligated to pay the Burns secured by this Security <br />lnstrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or <br />make any accommodations with regard to the terms of this Security Instrument or the Note without the <br />co-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes <br />Borrower's obligations under this Security Instrument irr writing, and is approved by Lender, shall obtain <br />all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from <br />Borrower's obligations and liability under this Security lnstrument unless Lender agrees to such release in <br />writing. The covenants and agreements of this Security Instrument shall bind (except a<5 provided in <br />Sectian 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Borrower fees for services performed in connection with <br />Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this <br />Security Instrument, including, but not limited to, attorneys' fees, property inspection and valuation fees, <br />In regard to any other fees, the; absence of express authority in this Security Instrument to charge a specilrc <br />fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge <br />fees that are expressly prohibited by this Security Instrument or by Applicable Law. <br />if the Loan is subject to a law which sets maximum loan charges, and that. law is finally interpreted so <br />that the interest or other loan charges collected or to be collected in connection with the Loan exceed the <br />permitted limits, then; (a) any such loan charge shall be reduced by the amount necessary to reduce the <br />charge to the permitted limit; and (b) ar~y sums already collected from Horrower which exceeded permitted <br />limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal <br />owed under the Note or by making a direct payment to Harrower. Ik' a refund reduces principal, the <br />reduction will be treated as a partial prepayment without any prepayment cllzrge (wkrether or not a <br />prepayment. charge is provided for under the Note). Borrower's acceptance of any Such refund made by <br />direct payment to I3orrowcr will constitute a waiver of ar~y right of action Borrower might have arising out <br />of such overcharge. <br />lS. Notices. All notices given by Borrower ar Lender in connection with this Security lnstrument. <br />must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to <br />have been given to Borrower when mailed by first class mail ar when actually delivered to Borrower's <br />notice address if sent by other rrreans. Notice to any one Horrower shall constitute notice to all Harrowers <br />unless Applicable Law expressly requires otherwise, 'l'he notice address shall be the Property Address <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly <br />notify Lender of Borrower's change of address, If bender specifies a procedure for reporting Borrower's <br />change of address, then Borrower shall only report a change of address through that specified procedure. <br />(j~~~/7 0110255508 <br />~is Is: l'/~ <br />-6(NE) ~aao~~.oz Nye ~o or ~e ~ Form 3p28 1/l)1 <br />O ~ <br />