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20i0U8143 acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be disinissed with a ruling that, in Lendcr's jud�;ment, precludes forfeiture of the Property or ather 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 af Lender' s interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Procecd� that are not applied to restoration or repair af the Property shall be applied in the order provided for in Section 2. 1Z. Borrower Nat Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modificatic>n of amortization of the sums secured by this Security Instrument granted by Lender to Barrower or any Successor in Interest af Barrower shall not operate to release the liability of Borrawer or any Successors in Interest of I3orrawer. Lender shall not be required to commence prG�ceedings against any Successor in Interest of I3orrpwer or to refuse to extend time for payment or atherwise modify amartization of the sums securcd by this Security Instrument by reason of any demand made by the ariginal Borrower or any Successors in lnterest of $orrower. Any farbearance by Lender in exercising any right or remedy includin�, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Bc�z or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right ar remedy. 13. Joint and Several I.,iability; Co-signers; Successors and Assigns Baund. Borrower covenants and agrees that Borrower's o}�ligatians and liability shall be joint and several. Hawever, any Sarrower who co-signs this S�curity Instrument but does not execute the Nate (a "co-signer"): (a) is co-si�;ning this Security Instrument only to mortgage, grant and cc>nv�;y tUe co-signer' s interest 'rn the Property under tlie terms of this 5ecurity Instrumcnt; (b) is not personally obligated to pay the sums secured by this 5ecurity Instrument; and (c) agrces that �,ender and any other Borrower can agree tc� c:xtend, modify, forbear or rn�ilce any accommodations witli reg�u'd to the terms of this Security Instrument or the Note without the co-signer'S consent. Sub�ect to the provisians of Section 18, any Successor in Interest of Boz'rawer who assumes Borrower's obligations under this Security Instrument in writing, and is appraved by Lender, shall obtain all of F3C�rrower's rights and benefits under this Security Instrument. Borrower shall not bc rcicas�d from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and a�;reements af this Security Instrument shall bind (except as provided in Sectian 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge $orrower fees fat scrvices performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, ineluding, but not limited to, attarneys' fees, property inspection and valuaticm fees. In regard to �w7y other fees, the absence of express authority in this 5ecurity Instrument to char�;c a specil'ic fee to Borrower shal] not be construed as a prohibition on the charging of sucla f��. Lender may not chzrge fees that are expressly prohibited by this Security Instrurnent or by Applicable Law. Tf the Lc�an is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the ii�terest or other loan char�es collected or to be collected in connection with the I,aan excced the permitted limits, then: (a) any such laa�� chaxge shall be reduced by the amount necessary to reduce the charge to thc permitted limit; and (b) any sums already collect�d fram Borrower which exceeded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or hy making a direct payment to Barrower. If a refund reduces principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment cliarge is provided for under the Note). Barrower' s acceptance of any such rcfund made by direct payment ta Barrower will constitute a waiver of any right of action Borrower might have arisin�; out of such overcharge. 1S. Notices. All notices given by Barrower or Lender in connection with this 5ecurity Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail c�r whcn aetually delivered to Barrower's notice zddress if sent by c�tl�cr an�ans. Notice to any one Borrower shall constitute nc�tice to all Sorrowers unless Applicable Law cxpressly requires otherwise. The notice address shall k�e th� Property Address unless Borrower has designated a substitute natice address by notice to Lender. Barrower shall promptly notify Lender of Borrower' s change of aadress. If Lender specifies a procedure for reportin� I3orrower' s change of adciress, then Borrower shall only report a change af ad�'ess thraugh that specified procedure. �-6(NE) �oao��.oz � P�e 10 of 15 -- � � f � 1111056077 Form 3028 1/07