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2410085�5 acceleration has occurrcd, r�instate as pravided in Section 19, by causing the action or proceeding to bc dismissed with a ruling that, in Lender's judgm�nt, prccludcs forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds of any award ar �laim for damages that are attributable to the impairment of Lender' s intcrest in the Property are hereby assi�ned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restaration or repair of the Praperty shall be applied in the order Provided far in Sectian 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time far payment or modificatiUi� of amartization of the sums sc:curc�d by this Security Instz'ument granted by Lender to Barrower or any Successor in Interest of Barrower shall not operate to release the liability of Barrower c>r any Successors in Interest af Borrower. Lender shall nat be required to commence proceedings against any Successor in Interest of Barrower or to refuse to extend time for payment or otherwise modify amc�rtization oF the sums secured by this Security Instrument by reason of any demand made by the ori�inal $arrower or any Successc�rs in Interest of Bc�rrower. 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 Barrower or in amounts less than the amount then due, shall not be a waiver af or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-si�ners; Successors and Assigns Bound. Borrawer covenants and agrees that Borrower's obligations and liability shall be joint and s�veral. However, any T3c>rrowcr who co-signs this Security lnstrument but daes nat executc: the Note (a "co-signer"): (a) is co-signing this 5ecurity Instrument only to mortgage, grant and convcy the co-signer's interest in the Property 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 c�ther Barrower can agree to extend, modify, forbc:ar or make any accommodations with regard to thc terms of this Security Instrument or the Note without the co-signer's consent. Subject ta th� provisions of St;ction 18, any Successor in Interest of Borrawer wha assumes Barrower's obligations undcr this Security Instrument in writing, and is approved by Lender, shall obtain <ill of Borrower's rights and benefits under this Security Instrument. Barrower shall not be released from Borrower's obligations and liability under this 5ecurity Instrument unless Lender agrees to such release in writing. The covenants and agrcements of this Security Instrument shall bina (except as provided in Section ZO) and benefit the successors and assigns of Lender. l�l. I.,aan Charges. Lender may charge Borrawer fees for services performed in conn�ctian with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including, but not limited to, attorneys' fe�s, 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 eonstrued as a prc�hihition on the charging af sueh fee. I,ender may not charge fees that are expressly prohibitcd by this Security lnstrument ar by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted sa that the interest or other loan charbes collected or to be collected in connection with the Loan exceed the permitted limits, tllen: (a) any such loan charge shall be reduccd by the amount necessary to reduce thc� charge to the permitted limit; and (b) any sums already collected from Borrower which excec:dcd permitted limits will be refunded to Borrawer. L,ender may choose to make this refund by reducing the principal owed under the Note ar by making a direct payment to Harrow�;r. If a refund reduces principal, the reductian will be treated as a partial prepayment withaut any prepayment charge (whether ar not a prepayment charge is provided for under the Notc). Borrower's acceptance of any such r�fund made by direct payment to Borrower will constitute a waiver af any right of action Borrower might have arising out of such ovcrcharge. 1S. Notiees. All notiees given by Borrc�wer or Lender in eomieetion with tl�is Sccurity instrument must be in writing. Any notice to Borrower in cannectian with this Security lnstrument shall be d�emcd to have been given to $orrower when mailed by first class mail or when actually delivered ta $c�rrawer's notice address if sent by other meat�s. Natice to any one Borrower shall constitutc natice to all $orrowers unless Applicable Law expressly requires otherwise. The notice address shall be thc Property Address unless Borrower has designated a substitute notice address by notice to I�ender. Borrower shall promptly notify Lender of Borrower' s changu of address. If Lender specifies a procedure fc�r reporting Borrower' s change af address, then Borrower shall only report a chan�;e of address through that specified pracedure, 1111056141 `� i �-s�N�� (Ok07).02 Psge 10 af 15 FOIITI ��"�$ 1/�') m �