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�oioos5s3 Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result in forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. Borrower can cure such a default and, if acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in I,ender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in th�e Froperty or rights under this Security Tnstrument. The praceeds of any award or claim for damages that are attributable to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to I.ender. All Miscellaneous Proceeds that are not applied to restoration ar repair of the Property shall be applied in the order provided far in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrurnent granted by L.ender to Borrower or any Successor in Interest of 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 Borrnwer or to refuse to extend time for payment or otherwise modify amartization of the sunns secured by this Security Instrument by reason of any demand made by the original Borcower or any Successors in Tnterest of Borrower. Any forbearance by Lender in exercising any right or rernedy including, without limitation, Lender's acceptance of payments from third persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or rernedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability sha11 be jaint 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 Security Instrument only to rnortgage, grant and convey the co-signer's interest in the Property under the terms of this 5ecurity Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Borrower can agree to extend, modify, forbear or make any accornrnodations with regard to the terms af this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of 5ection 18, any Successor in Tnterest of Borrower who assumes Borrower's obligaCions under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borcower's rights and benefits under this Security Instrument. Borrower shall not be released frorn Borrawer's obligations and liability under Chis Security Instrument unless I.ender agrees to such release in writing. The cavenants and agreements af this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. �B�S� -- Single Family -- Fannie Mse/Freddie Mac UNIFOBM INSTRUMENT Farm 30Z8 1! `` ) � �/ GCC - G3028-12 (09/Ol ) (Page 12 of 19) Initials: