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201009490 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 Instrurnent. 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 Lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds 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 L,Qnder. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be 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 modi�cation of amortization of the surns secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate ta release the liability of Borrower or any Successors in Interest of Borrawer. I,ender shall not be required to commence proceedings against any Successor in Tnterest of Borrawer ar to refuse to extend time for payment or otherwise modify amortization af the sums secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's acceptance of payments frorn 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 shall be joint 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 Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that I,ender and any other Borrower can agree to extend, madify, forbeaz or make any accommodations with regard to the terms of this Security Instrument or the Note withaut the co-signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by I,cnder, shall obtain all af $arrower's rights and benefits under this Security Instrument. Borrower shall nat bs released from Barrower's obligations and liability under this Security Instrument unless I..ender agrees to such release 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. �B�S� -- Single Fsmily — Fannie Mae/FYeddie Mac l7NIFORM INSTRUM&NT Form 3028 1/ GCC - G3028-12 (09/Ol) (Page 12 of 19) Initials: �� �