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201009513 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 oc other material impairment of Lender's interest in the Property or rIghts under this Security Instrument. 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 okher rnaterial irnpairrnent of Lender's interest in the Property or rights under this Security Instrurnent. The proceeds of any award or claim for damages that are attributable to the impairrnent of Lender's interest in the Praperty are hereby assigned and shall be paid to Lender. All Miscellaneous Praceeds that are not applied to restoration or repair of the Property shall be applied in the arder pravided for in Section 2. 12. Sorrower Not Released; Forbearance Sy 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 to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or ro refuse to extend time for payment or otherwise modify arnortization of the sums secured by this Security Tnstrument by reason of any demand made by the original Borro�ver or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right ar remedy including, without lirnitation, Lender's acceptance of payments from third persans, entities or Successors in Interest of Borrower or in amnunts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Sound. Bocrower 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 mortgage, 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 secuared by this Security Instrument; and (c) agrees that Lender and any ather Borrower can agree to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without 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 Lender, shall obtain all of Borrower's rights and benefits under this Security Instrurnent. Borrower shall not be released from Borrower's obligations and liability under this 5ecurity Tnstrument unless Lender agrees to such release in writing. The covenants and agreernents of this Security Instrument shall bind (except as provided in 5ection 20) and benefit the successors and assigns of Lender. �$�.dls�.dl -- SNgle FamHy -- F�nnie MadFraddia Mao UNIFOItM INSTR�Nf Farm 3 �� (3CC - 03028-12 (09/Ol) (Page l.2 af19) Initi � �