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2oloos�9� acceleration has occurred, reinstate as provided in Section 19, by causing thc actian ar praceeding to be dismissed with a ruling that, in Lender's judgment, precludes forf�iture of the Property or othcr material impairment of Lender's interest in the Froperty or rights under this Security Instrument. Tlle proceeds of zny award or claim for damages that are attributabl� to the impairment of Lender's interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to rc:storation or repair of the Property shall be applicd in the order provided for in Sectian 2. 12. Borrower Not Released; Forbearance By Lender Not a Walver. Extension of the time far payment or modificatian of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Succc:ssor in Interest of Borrower shall nat operate to release the liability of Barrower or any 5uccessors in Tnterest af Borrower. Lender shall not be rcquired to commence proceedings against any Successor in Interest of Barrower or to refuse ta cxtend ti►ne for payment or otherwise modify amortization of the sums secured by this Security Instrument by re:ason af any demand made by the original Borrower ar any Successors in Interest of Barrawer, Any forbearance by Lender in exercising any right ar remedy includin�;, without limitation, Lender's acceptance af payments from third persons, entitics or Successors in Interest of Bnrrowcr ar in amounts less than the amount then due, shall nat be a waiver of or preclude the exercise of any right or r�rnedy. 13. Joint and Sever�l Liability; Co-signers; Successors and Assi�ns Bound. Borrower covenants and agrees that Barrower's �>bligations and liability shall be joint and several. Hc�w�;ver, any Barrawer who co-signs this Security Tnstrument but does not execute the Note (a "co-signer"): (a) is co-signing this Security Instrument only to mortgage, grant and convey th� 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 5ecurity Instrument; and (c) agr�es that Lender and any other Barrower can agree to extc:nd, madify, farbear ar make any acco�nmodations with regard to the terms of this Security Tnstrurnent ar the Note without the co-signer's consent. Subjcct to the provisions of 5ection 18, any 5uccessor in Int�rest of Barrower who assumes Barrower's obligations under this Security Instrument in writing, and is apprav�d by Lender, shall obtain all af Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Barrower's abligations and liability under this Security I�tstrument unless Lender agrees to such release in writing. The covcnants 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. �,end�r may charge Barrower fees for services performed in connection with I3orrower's default, for the purpose of protecting Lender's interest in the Praperty and rights under this Security Instrument, including, but not limited to, attorneys' fees, praperty inspection and valuation fees. In re�;ard ta any ather fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fee. Lender may not char�;e fces that are �xpr'essly prohibited by this Security Instrument or by Ap�licable Law. If the Laan is subject to a law which sets maximum loan charges, and tliat law is �nally interpreted so that the interest or ather loan charges collectcd or to be collcctcd in connection with the Loan exceed the pc:rmitted limits, then: (a) any such loan charge shall be reduc�;d by the amount necessary to reduce the charge to the permitted lirnit; and (b) any sums already collected from Borrower which exc�eded permitted limits will be refunded to Borrower. Lender may choose to make this refund by reducing the principat awed under the Note or by makin�; a direct payment to Borrawer. If a refund reduces principal, the reduction will be treated as a partial prc:payrnent withaut any prepayment charge (whether or not a prepayment chargc is pravided far under the Note). Borrower' s acceptancc of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Barrawer might have arising out of such overcharge. 1S. Notices. All natices �;iv�;n by Borrawer ar Lender in connection with this Security Instrument must be in writing. Any notice to Darrpwer in connection with this 5ecurity Instrument shall be deemed to have been given to Borrower wh�n mailed by first class mail or when actually delivered to $arrower's notice address if sent by other means. Notice t�a any on� Borrawer shall constitute notice to all Borrowers unless Applicable Law expressly rcquir�s otherwise. The notice address shall be the Property Address unless Borrower has designated a substitute naticc address by natice tp Lender. Borrower shall promptly notify Lender of Borrower' s change af adc�ress. If Lender specifies a procedure for reporting Borrower' s change of address, then Borrower shall only report a change of addxess thraugh that speci�ed procedure. 1111056576 ig: � , �-6(NE) �oao��.oz P�a �p of 15 � Fonn 3028 1/01 � � v �