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2 410�833� �� acceleration has occurred, reinstate 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 Praperty ar other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award ar claim for damages that are attributable to the impairment of Lender's interest in the Prop�rty are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that axe not applied ta restoration or repair of the Property shall be applied in the order provided for in Section 2. ].2. Bocrower Not Released; Forbearance By Lender Not a Waiver. Extensinn of the time for payment or modification of amortization of the surns secuxed by this Securiry Instrument granted by Lender to $orrower or any Successar in Interest af Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend tizne for payment ar otherwise modify amortization of the sums secured by this 5ecurity instrument by reason of any demand made by the original Borrower or any Successors in Interesc 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 af Borrower or in amounts less than the a�mounC then due, shall not be a waiver of or praclude the exercise of any right or remedy. 13. Jaint 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 Borrower wha co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is ca-signing this Security Instrurnent only ta mortgage, grant and canvey the co-signer's interest in the Az'operty under the terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrawer can agree to extend, modify, forbeaz or make any accommodations with regard to the terms of this SecuriCy Insttument or the Nate without the co-signer's consent. Sub�ect to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrowear's obligations under this Security Instrument in writing, and is appraved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Barrower shall not be released frorn Borrower's obligations and liability under this Security Instrurnent unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 2p) and bene�it the successors and assigns of I.ender. 14. Loan Charges. Lender may chazge Barrower fees for services perfor�nned in COTIT2ECtlOri Wltt1 Borrower's default, for the purpose of protecting L.ender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' f�es, 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 ta Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this SecuriCy Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is �nally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the pernutted linnits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the perntitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. Lender rnay choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. if a refund reduces principal, the reduction will be txeated as a partial prepay�nent without any prepayment charge (whether or not a prepayrnent charge is provided for under the Note). Borrower's acc�ptance of any such refund made by direct payment to Barrower will canstitute a waiver of any right of action Borrower rnight have arising out of such overcharge. 15. Notices. All notices given by Borz�ower or L,ender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security Instrument shall be deemed to have been given to $orrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice Co all Borrawers uriless Applicable Law expressly requires otherwise. The natice address shall be the Property Address unless Bonrovver has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If L.ender specifies a procedure fox reporting Borrower's change af address, then Borrower shall only report a change of address through that specified procedure. �-6GINE) (00o51.ot � Page 10 of 15 Initials: Porm 3028 7l07 k, , � , � � V��"�'