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201009297 12. Borrower Not Released; Forbearancc B}� l.ender Not a Waiver. lixtcnsion of tl�e time for payment or modification of amortization of the surns secured by this Securit�� Tnstrumerit granted hy l,cndcr to 13orrower or any Successor in Interest of Borrower shall not operatc to release the liabil'rty of Borrower or any St.icccssors iu lriterest of Borrower, Lender shall not be required to commence proceedings against nny Successor iu Interest ol' 13orrut-�cr c�r to re;fuse to extend time for payment or otherwise modify amortization of the sums secured by this 5ecuriiy Instr�.imcrit h� rc�.�son of any demand made by the original Borrower or any Successors in lnterest of Borr�wer, Any forbe�rancc by l,ciidc: in csercising t�ny right or remedy including, without limitation, Lender's acceptance of payments frpiri kYiird Fx;rsc�iis, entitics or Sricccssvrs in Interest of Borrower or in amounts less than the amount then duc, shall not be a �vaiver of or preclude tlic c.ci•cisc c�f �iiiy right or remedy. 13. Joint and Several Liability; Co-si�;ners; Successars anc� Assi�ns l3ound, B�rrower covenants and a�'ees that Borrower's obligaUoias and liability shall be joint and severt�l. Ho�vc;vcr, a�iy 13oc�ro�ver �vho co-signs this Security Instnunent but does not execute the Note (a "co-signer"): (a) is co-signing tl�is Security instrLU�ient only to mnrtgage, grant and convey the co-signer's interest in the Property under the ternis of this Sccurity I�astrun�cnt; (b) is not personally obligated to pay the sums secured by this Security Instnzment; and (c) agrces th�it Lc;ridcr �.�rid ��ii�� ot}icr 13orrower can agi'ee to extend, modify, farbear or make any accommodations w'rih regard to the tern�s of this Scci.uit� iiistrui�icrit or the Note witkwut the co-signu�► consent. Subject ta the provisions of Section 18, any Succcssor in lnierest of t3orroever wl�o ��sswncs Barrower's obligations under this Security Instrument in wridng, and is approvcd by I.ender, shall oht�iin all of' 13orrowcr's rights and benefits under this Security Instrument. Bnrt'awer shall not be released from l3orrn�rer's nblig:�tio:�s ,inci liability� under this Security Instnament unless Lender agrees to such rcicasc in writing. '1'hc covcnanis and ��grccrnr�it, oC �.liis Sccurity Instrument shall bind (cxcept as provided in Section 20) and benafit thc succcssors and ��ssi�;ns ot' I.cr�dci. 14. I.oan Ch�rges. Lender may charge Borrowcr fecs for scrv'rces perPorrncd in coiulcciion with Borrower's default, for the purpnse of protecdng Lender's interest in t.he Property arid rights i.uider tl�is Secn�it� Instnuncnt, includir►�, but not limited to, attomeys' fees, property inspection and valut�tion fecs. [n rc�;ard to any otlicr f�ccs, tlic absencc of express autharity in this Security Instrument to charge a speciFic fee to ]3orror��er shall not be cc�nsirt.icd ;is �i }7rohrbition on the chargin$ of such fee. Lender rr�uy not charge fees that are expressty prohibited by this Security lnstrur�tcrz� or by Applicable Law. If the Loan is subject to a law which scts rriaxinnim loan charges, and th;�( 1��,� is I"inally inierpreted so that the interest or other loan charges collected nr to be cnllccted in connection with the I.o��n exccod tl�c perrrutted limits, then: (a) any such loan charge shall be reduced by the amount ncccssary to reduce tl�e ch�rrge to il,c pern�ittcd limit; and (b) any sums already collected fromBorrower which exceeded pernuttcd limits will be rc:funded to i3orro��cr. l.ender rnay choose to makethis refund by reducing the principal owed under the Notc or by n7akii7�; �j c�irect p��} rncni to Horrowcr. If a rafund reduces principal, the rcduction will be treated as a partial prcpayrnerit witho�it �iriy prepav��ent cliaf�;; (:�vticther ar not a prepayment charge is provided for under the Note). Borrower's acccpta»ce nf �iny sucli refunc] rna�+,c l;� �lir�ct p;iyri7enc co Borrower wiA constitute a waiver of any right of acdon Borrower might ha��e arisin� otit of' s�.ict� o� crcl�,�rf;c. 15. Notices. All notices given by Borrower or I.ender in connection �vitli tl�i� 5ccurity Instrwnent must be in writing, Any notice to �iorrower in connecUon with ltus Securily 1[istru�nent shall be deci�icd to liuve been given to �orrower when mailed by first class mail or when actually delivered to Borrowcr's riotice address if scnt l�� c�tlicr incans. Notice to arry one Borrower shall constitute notice to all Sorrowers unless Applieable L�u� expressly requires ollicrwisc. T'he notice address shall be the Property Address unless Borrower has designaled a substitute notice addres5 by nc�tice to Lender. Horrower shall promptly notify Lender of Borrower's change of address. If l,ender specifies �� proccdurc for rC�x�rling Borrower's change of address, then Borrower sha11 only report a cl�ange of address throu�h that s�ecified proced�u�c. There rnay be only one designated notice address under lhis Security Instnament ��l uiiy oiic tiiiiu. Ariy r�otic� to Lencicr sh��ll be given by delivering it or by mailing it by first class mail to Lender's address statcd hcrcin i.�rilcss l,crzdcr k<<�s desi�;nated another address by notice to Borrower. Any notice in connection wit�i this Sec�uity lnstruinciit slaall nc�� 't�u ;iccnicd lo tkiv� been given to Lender until actually received by Lender, If any notice required by this Scc�u'ity liistri.irnci�t is also required under Applicable Law, the Applicable Lawrequirement will satisfy the corresponding requiremciil �uidcr thi5 5ec�u•ity lnstrument. N�BItASKp - Single Family • Fannis MadFraddie Mac UNI�ORM INS7RUMENT �-B�NE) I�e�� i'�9� e��n �.� Form 3028 1101 DASdY�9 � I IIIN I� NI� IIII II�II INI NII IIN �II I�I MIM IIIII IIIII Iill �II 000nr��ssseoss