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201U09334 Sucecssor in Interest of Borrower shall not operate to rcleasc the liability of Borrower or any Successors in Interest of Borrower. Lendcr shall not bc required to commence proceedings against any Successor in interest oF I3on ower or to refuse to extend timc for paymcnt or utherwise modify amortization of the sums secured by this Secwity Instrumant by reason of any demand made by the original Borrower or any Successors in interest nf &>rrower. Any furbearance by Lender in exercising any right ur remedy 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 oTor preclude the exercise nFany right pr remedy. 13. .Ioint and Several Llability; Co-si�ners; Successors and Assigns Bound. Borrowcr covcnants and agrees that N3orrower's ohligations and liabi lity shall bejoint and several. Howevcr, any Borrower who co-signs this Security Instrument but dnes nn[ execute the Nnte (a "cn-signer"): (a) is co-signing this Securiry Instrument only to mor[gage, grant and convey the co-signer's interest in the Nroperty under the terms of this Security Insrrument; (h) is not personally ubligated to pay the sums secur�d by this Security Instrument; and (c) agrees that Lender and any othcr Borrower can agrea to extend, modify, forbear or make any accommndations with regard to the terms of this 5ecurity Inshument nr the Note without the en-signer's consent. Subjec[ to [hc provisions of Section l8, any Successor in Interest of k3orrnwer who assumes t3orrower's obligations under this Security Instrument in writing, and is approved by Lender, sk�all obtain all oFBorrower's rights and benefits under [his Securiry Instrument. Bortower shall not be released frnm [3orrower's ohiigations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Insrrument shall bind (execpt as provided in Section 20) and benefit the successnrs and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services perfnrmed in connection with [3orrower's default, fur the purpose of protecting Lender's interest in the Property and ri�hts under this Security Instrumcn[, including, but not limited tu, attumeys' fees, property inspectinn and valuation fees. In regard to any other fecs, [he absence of express authority in this Security Instrument tn charge a specific fee ro Borrower shall not be cunstrued as a prohi6itiun on the charging of such fee. Lender may not char�e fees that are expressly prohibited by this Security Inshument nr by Applicable Law. If the Loan is su6ject tn a law which sets maximum Inan charges, and thal law is finally interpreted su that the interest nr other loan charges cnllected or to be cnllected in connection with the Loan exceed the permitted limits, then: (a) any such loan charge shall bc reduced hy [he amuimt necessary to reduce the charge to the permitted limit; and (b) any sums aheady cnllected from l3nrrnwer which excceded permitted limits will he reflmded to Borrower. I.ender may chnnse to make this refund hy reducing the principal uwed imder the Note or by making a direct payment lu Borrower. If a refund reduces principal, the reductinn �vill he treated as � parti�l prepayment without any prepaynient charge (whether nr not a prepayment charge is provided for under the Nute). Bunuwer's accep[ance nl' any such refund made hy direct payment tn 13orro�vcr will cunstitute a w�iver of any righl ul' action Borrnwer might h�vc arisin� nut of such overchnr�c. 15. Notices. All noticcs given by Burrower ur Lender in cunnectiun with this Security Insfiument must be in writing. Any notice to Burrower in cunnection with �his Secw ity Instrument shall be deemed to have bcen given tu Burrower when mailed by first claas mail or when actually delivered to Rorrower's notice address if sen[ by uther means. Nntice tn any one 13nrrnwer shall cnnstitute notice to all Borruwers unless ilpplicable Law expressly reyuires n[hcr�vise. 'I'he notice address shall be the Prupa'[y nddress unless Borrc�wer has designated a sul�5titute nnticc address by notice tn I.endcr. Rnrro�vcr shall protnp[ly notify Lender uf Borro�ver's change nf address. If I.ender specitics a proccdure for reporting Borruwer' s ch�nge of address, then Borro�ver shall nnly reprnt a change nf address thrqugh that specitied prncedure. Thcrc rnay bc unly une ctesignated notice address under this Secwity Insnumen[ at any une lime. Any nutice tu Lencler shall be given by delivering it nr l�y mailing it by first class tnail to Lender's address statcd hcrcin unlcss Lender has designated anuther address by notice tn I3nrrowcr. Any noticc in conncctiun with this Security Instrument shall nut be cleemed to have heen �iven to I.ender imtil actually �•eceived by Lender. 1f any noticc required by Ihis Se�urity Instrument is also required under Applicable I.aw, [he Applicable Law requirement wil) satisfy thc corrcsponding requirement under this Secw ity Instrument. 16. Governing Law; Severability; Rules of Construction. "I his Secw ity Instrument shall Uc govcrncd by federal law and the law of the jurisdiction in which fhe Prnperty is Incated. All rights and oUligations contained in this Secutity Instrument are Subjec[ tu any requirements and limitations of Applicable Law. Applicable Law might cxplicitly ur implicitly allow the parties tu agree 6y confiact or it might be silent, but such silenee shall nut be construed as a prohibition against agreement by contract. In the event that any provision or clause of this Security Instrument ur the Nute cunflicts with Applicable Law, such conflict shall no[ aftect other provisions of this Security Instrument or the Nate which can he given effect withnut the contlicting provision. As used in this Secw ity Instrument: (a) words of the masculine gender shall mean and include corresponding ncutcr words or words of the feminine gender, (b) words in the singular shali mean and includc thc plural and vice versa; and (c) the worcl "may" gives sole discretion without any obligation to takc any action. 17. Borrower's Copy. Borrower shall be given one copy nf the Note and of this 5ecurity Insn•ument. 18. Transfer of the Prnperty or u Beneflcial Interest in Borrower. As used in this Section lA, "Interest in the Yroperty" means any legal or heneficial interest in the Property, including, 6ut nut limited to, those beneficial interests transferred in a hnnd for deed, contract for decd, ins[allment sales conh act or escrow agreemen[, the intent of which is the transfer nf title by flnrrower a[ a future date to a purchaser. If all or any part of the Nroperty or any InTCrest in the Property is sold or transfened (or if Bnrrnwer is not a. natural person and a beneticial interest in Burrower is sold nr transferred) without Lender's prior written consent, Lender may require immediate payment in full uf all sums secured hy this Security Instrument. I lowever, this optiun shall not be exercised by Lender if such exercise is prnhibited by Applicable Law. If Lencler exercises this uptiun, Lender shall give 13on nwer notice of acceleration. The notice shall provide a period of not less than 3� days from ihe date the nutice is given in accnrdance with 5ection 15 within which 8orrower NF9R4SKA--Single Family--Fannie MaelFreddie Mac UNIFORAA INSTRUMENT OocMagic �,-rt[av�sy eoo�ee-�sez Form 3028 1l01 Page 7 of 11 www.docmagic.com