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zoloo�� acceleration has occurred, rcinstate as pravided in Se4tian 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 Prope:rty c>r rights undcr this Security Instrument. The proceeds of any award or claim for damages that �ue attributable to the impairmcnt of L,ender' s interest in the Praperty are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoratian or repair of the Praperty shall be applied in the order provided for in Section 2. 1Z. Borrower Not Released; Forbearance By Lender Not a Waiver. �xtcnsion of thc timc for payment or modification of amortization of the sums secured by this Security Tnstrument grantcd by Lender to Borrower or any Successor in Interest af Borrvwer shal) nat operate to release the liability of Borrawer or any Successors in Intcrest af k3arrowcr. L,ender shdll not bc: rcquirc:d to commence praceedings against any Successor in Interest of Aorrower or to refus� to cxt�:nd timc; for payment ar atherwise madify amortization of the sums secured by this Sccurity Instrument by reason af any demdnd maae by the ori�inal I3c�rrower or any Successors 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 Successors in Interest of Bc�rrower or in amounts lcss than the amount then due, sha11 not Me a waiver of or preclude the exercise af any ri�ht or rcmcdy. 13. Joint and Several Liability; Ca-signers; Successars and Assigns Bound. Barrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this �ecurity Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security lnstrui��ent; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Barrower caiY agree to extend, modify, forbear or make any accom�nodations with regard ta the terms af this Security Instrument or the Note withaut the co-signer's consent. Subjec;t tp the provisians af Sectian 18, any Succe;ssor in Interest of i3orrower wh� assumes Borrowtr's c�bligations under this Security Instrument in writing, and is approved by L,ender, shall obtain all of $orrower's rights and benefits under this Security Instrument. Barrower shall not be released from $orrower'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 (�xcept as provided in Sectian 20) and bene�t the successors and assigns af Lender. 14. Loan Charges. Lender may charge $orrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lend�r's int�rest in thc Property and ri�l�ts under this Security Instrument, including, but not limited ta, attorneys' fees, property irlspection and valuation fees. In r�gard to a�iy pther fees, the absence of express authority in this Security Instrument to char�e a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fecs thxt are exPressly prohibited hy this S�curity Instrument or hy Applicable Law. If the Loan is subject ta a law which sets maximum loan charges, and that law is finally interpreted so that thc interc:st or other laan charges eallected or to be collected in connection with the Loan exceed the pertr�itted limits, then: (a) any such loan charge shall be rcduced 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 refundc:d to Borrowcr. I,cndcr may choose to make this refund by reducing the principal owed under the Note or by making a direct payment ta Barrower, If a r�fund reduccs Principal, the reduction will be treated as a partial prepayment without any prepayment charge (whether or not a prepayment charge is prc.rvided for under the Note). Borrower's acceptance of any such refund made by direct payment to Barrower will eonstitutc a waiver af any right of action Borrower might have arising out c>f such c>vc:rchargc. 15. Notices. All notices given by Barrower or Lender in connection with this 5ecurity Instrument must be in writing. Any notice to $orrower in connection with this 5ecurity lnstrument shall be deemed to have bcen given to T3c�rrower when inailed by First class mail or when actually delivered to Borrower's notiee address if sent by other means. Notiee to any one Barrower shall eonstitute natice ta all Ac>rrc>wc:rs unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute notice adc�ress by nUticc to Lendcr. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure for reporting Barrower's ehapge of adc�t'�ss, then $arrawer shall anly report a change of address thropgh that specified procedure. �,\ 1111056073 Initisls: ��6(NE) �oao��.oz Paes io of 15 Form 3028 1/07