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2010a7657 acceleration has occurred, reinstaCe as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Pxoperty or rights under this Security InstrumenC. The proceeds of any award nr claim for damages that are attributable to the impairment of Lender's intersst in the Property are hereby assigned and shall be paid to Lender. All Miscsllaneous 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 Nat Released; Forbearance By Lender Not a Waiver. Extension of the time far payment or modification of amortization of the sums secured by this Secuxity Instrument granted by Lendex to Borrower or any Successor in Interest of Borrower shall not operate to release the liability af Barrower or any Successors in Tnterest of Borrower. L.ender shall not be required to connmence proceedings against any Successar in Interest of Borrower or to refuse ta extend time for payment or otherwise modify amortizatian of tha sums secured by this Security Instrument by reason of any dernand made by the original Borrower or any Successars in Interest of Borrower. Any forbearance by T.ender in exercising any right or remedy including, without limitation, Lender's acceptance of pay�nents from third persans, entities or Successors in Interest of Borrower or in amaunts 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; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Barrower who co-signs this Security Instrument but daes not execute the Note (a "ca-signer"): (a) is co-signing this 5scurity Instrument only to mortgage, grant and cnnvey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally abligated to pay the sums secured by this Security Instrument; and (c) agrees that I.ender and any other Borrnwer can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Nate without the co-signer's consent. Sub�ect to the provisians of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Tnstrument 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 �orrower's obligations and liability under this Security Instrument unless I.ender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section ZO) and bene�t the successors and assigns of Lender. 14. Loan Charges. I,ender may charge Borrower fees for services performed in connectian with Barrawer's default, for the purpose of protecting Lender's interest in the Property and righCs under this Security Instrument, including, but not limited tn, attorneys' fees, property inspection and valuation fees. In regard 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 prahibition on the charging of such fee. �ender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the I.aan is subject to a law which sets ma�cimum loan charges, and that law is finally interpreted so that the interest or other loan charges collected ar 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 linnit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded ta Borrower. Lender may choose ta make this refund by reducing the principal owed under the Note ar by making a direct payment to �orrower. If a refund reduces principal, the reductian will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment ta Borrower will canstitute a waiver af any right of action Borrower might have arising out of such overcharge. 1S, Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrawsr in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when acCually delivered to Borrower's notice address if sent by other means. Notice to any ane Borrower shall constituce notice ta all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrawer has designated a substitute notice addxess by notice to Lender. Borrower shall pramptly notify Lender of Borrower's change of address. If I.endar specifies a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address thr��gh that specified pracedure. O11Q303SA4 I nitlals: �-6�NE) 1oao�1.o2 Page 70 of 75 ,N,/ Form 302$ 1/01 � �.,.�