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2oioogos5 <br />Borrower shall be in default if any action or proceeding, wheth�er civil or criminal, is <br />begun that, in Lender's judgment, could result in forfeiture of the Property or other material <br />impairment of Lender's interest in the Property or rights under this Security Instrument. <br />Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in <br />Section 19, by causing the action or proceeding to be dismissed with a ruling that, in I,epder's <br />judgment, precludes forfeiture of the Property or other material impairment of I,endsr's interest <br />in the Property or rights under this Security Instrument. The proceeds of any award or claim for <br />darnages that are attributable to the impairment of Lender's interest in the Property are hereby <br />assigned and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoration or repair of the Property <br />shall be applied in the order pravided for in Secdan 2. <br />12. Borrower Not Released; F�orbearance By Lender Nat a Waiver. �xtension of <br />the time for payment ar madification of amortizatipn of the sums secured by this 5ecurity <br />Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not <br />operate to release the liability of Borrower ar any Successars in Interest of Burrower. Lender <br />shall not be required ta commence proceedings a�ainst any Successor in Interest of Borrower or <br />to refuse to extend time far payrnent or otherwise m�dify arnortization of the surns secured by <br />this Security Instrument by reason of any demand made by the original Borrower or any <br />Successors in Interest of Borrower. Any forbearance by Lender in exercis�ng any right ar <br />remedy including, without limitation, Lender's acceptance of payments fror►a third persons, <br />enHties or Successors in Interest of $onower or in amounts less than the amount then due, shall <br />not be a waiver of or preclude the exercise of any right or remedy. <br />13. Joint and Se�veral Liability; Casigners; Successors and Assigns Bound. <br />Borrower covenants and agrees that Borrower's obligations and liability shall be joint and <br />several. However, any Borrower who co-signs this Security Instrument but does not execute the <br />Note (a "co-signer"): (a) is co-signing this Security Instrument only to rnortgage, grant and <br />convey the co-signer's interest in the Praperty under the terrns of this Security Instrument; (b) is <br />not personally obligated to pay the sums secured by this Security Instrurnent; and (c) agrees that <br />Lender and any other Borrower can agree to extend, modify, forbear or rnake any <br />accomrnodations with regard to the terms of this Security Instrument or the Note without the <br />co-signer's consent. <br />Subject to the provisions of Section 18, any Successor in Interest af Borrower who <br />assumes Borrower's abligations under this Security Instrument in writing, and is approved by <br />Lender, shall obtain all oF Borrower's rights and benefits under this Security Instrument. <br />Borrower shall not be released from Borrower's obligations and liability under this Security <br />Instrurnent unless �,ender agrees to such release fn writing. The covenants and agreements of <br />this Security Instrurnent shall bind (except as provided in Section 20) and benefit the successors <br />and assigns of Lender. <br />�B�.4$KA — Single Famlly -- Fwnie MadFroddia Maa UNIPORM INS7ItiTMBNT Fam 3028 1/OI � 1 <br />GCC - G3U28-12 09/Ol Pa e!2 af 19 Initials: � <br />� )� 8 � <br />