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�oioos7�4 acceleration has occurred, reinstate as provided in Section ] 9, 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 th� Property or rights under this Security Instrum�nt. The proc;ceds caf any award or claim for dama�es that are attributablc to thc impairmcnt of Lcnder' s intc:r�st in the Property arc hereby assigncd and shall be paid to Lender. All Misccllaneous Proceeds that are not applied to restoration or r�pair of the Property shall bc: applied in the order provided for 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 Instrument granted by Lender ta Barrawer ar any Successar in Interest of Borrawer shall not operate ta rslease the liability of I3orrowcr ar any Successars in Interest of Barrower. Lender shall nat be required to commence proceedings against any Successar in Interest of Borrower or to refuse tp �xtenci time for payment ar athcrwise modify amortization af the sums secured by this Security Instrument by reasan of any demand made by the <�ri�inal Borrower or any Successors in Interest of $orrower. 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 arnount th�:n due, slialt not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower eovenants and agrces that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this 5ecurity Instrument but does not execute the Note (a "co-sign�r"): (d) is cp-signin�; this Security lnstrument only to mortgage, grant and convey the ca-signer' s interest in the Property undcr thc tcnns of this Security Instrument; (b) is not personally obligated to pay the sums secured by this 5ecurity Instrument; and (c) agrees that Lender and any other Barrower can agree to extend, madify, farbear or make any accommodations with regard to the terms of this 5ecurity Instrument or the Nate without the co-signer's consent. 5ubject to the provisions of 5ection 18, any Succc:ssar in Inter�st af I3orrawer who assumes Barrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all c�f Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Fiorrowcr's obligations and liability under this Security lnstrument unless Lender agrees to such rel�ase in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fces for scrvices performed in connection with Borrower's default, far the purpose of protecting Lender's interest in the Property and rights under this 5ecurity Instrpment, including, but not limited ta, attorneys' fees, property inspection and valuation fees. In re�;aa'd to any other fe�s, thc absence of express authority in this Security Instrument to charge a speci�c fee to Borrower shall not be construed as a prohibition on the charging of such fee. I�c:nder may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. Tf the Loan is subjcct 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 callected in cannectian with the Loatt exceed the permitted limits, thcn: (a) any such loan charge shall be reduced by the amount necessary to reduce thc charge to the permitted limit; and (}a) any sums already collected from Barrower which exceeded permitted limits will be refiinded to Borrower. Lender may chc�ase to make this refund by reducing the principal c�wed under the Note c�r by making a direct payment to Barrower. If a refund reduces principal, the reduction will b� treated as a partial prcpaymcnt without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptanc� af any such refund made by direct paymcnt tc> �iorrower will constitute a waiver of any right of action Borrower might have arising out of such ovcrchargc. 15. Notiees. All notices given by Barrower or Lender in connectian with this Security Instrument must be in writing. Any notice to Borrower in connectiai� with this Sr:curity Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually deliv�;rcd to Borrower's natice address if sent by otlY�r means. Notice to any one Borrower shall constitute notice to all Borrowc;rs unless Applicable Law expressly requires atherwise. The notice address shall be the Froperty Address unless Borrower has designated a substitute notice address by notice to Lender. Barrower shall promptly notify Lender of Borrower' s change of address. If Lender specifies a procedure for reporting Borrawer' s change of address, then Borrower shall only report a ehange of address throu�h that specified procedure. 1111056355 �-6(NE) �pao�).oz Pa�]e 10 of 15 Form 3028 1/01 �