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�0�0��7�9 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, precludeti farfeiture of the Property or other material impairment of Lender' s interest in the Property or rights under this Security Instrument. 'I'he proceeds of any award or claim for damages that are attributable to the impairment of Lender'ti interest in the Property are hereby assigned and shall be paid to Lender. All Miscellaneous Proc�eds that aze not applied to restoration or repair of the Property shall be applied in the order provided far in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. �xtension of the time for payment or modification of amortization of the sums secured by this Security lnstrument ;ranted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release th� liabiliCy of Sorrower or any �ucceti5ors in Interest of Borrow�r. Lender shall not be rcquired to commence proceedings against anv Successor in Cnterest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums ,ecur�d by this Securit,y Instrument by reason of any demand made by the ori�inal Borrower or any Successors in lnterest of Borrower. Any forbearance by Lez�der in exercisin� any right pr remedy including, withaut limitation, Lender's acceptauce of payments frorn third persons, entities or Successors in Interest of Borrower or in amounts less tl�an the amount then due, shall not be a waiver of or preclude the exerci;;e of any right or remedy. 13. .Taint and Several Liability; Co-signers; Saccessors and Assigns Bound. Borrowe� covenants and agrees that Barrower's oUligations and liabilit.y shall be ioint and several. However, any Borrower who co-si�ns this Securit�� Instnarnent but does not execute the Note (a "co-signer"): (a) is co-signing this Security Insirument only to martgage, grant and convey the co-signer' s intc;rest in the Property under lhe terms of this 5ecurity lnstrument; (b) is not personal.ly obligated to pay the sums secured by this Security Instrument anci (c) agrees that I.ender ai�d any other F3orrnwer can a�ree to extend, modify, forbear or make any accommodation� with regard to thc terms of this Security Jnstrument or the Note without the co-si�ner's consent. Subject to the prpvisions of Section l�, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writin�, and is approved by Lender, shall obtain all of 13orrower's ri�hts and benefits undez this Security Instnunent. �orrower shall not be released frorr, Borrower's obli�ations azld liability under this Security Tnstrument unless Lender agrees to such r�lease in ��ritin��. Thc covenants and agreements of this Security Instrurnent shall bind (except a� pravided in Section 20) and benefit the successors and assigns of Lezader. 14. Loar� Char�es. I.ender may charge S3orrower fees for services performed in cozazzection with Borrower' s default, for the purpose of� protectin� I..ender' s interest in the Property and rights undei this Security Instrument, including, but not Iimit�d to, attorneys' fees, property� inspection and valuation fees. In regard to any other f�es, the absence of express authorit� in this Security Instrurnen: to char�e a specific fee to Borrower shall not be construed as a prohibitioz� on tlie charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law�. If the Loan is subject to a law which sets maximum laa1� charges, and that law is finally interpreied so tliat the interest or other loan charges collected or to be collected in conneciion with the Loan exc�ed the perm.itted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the chaxge to the permitted lim.it; and (h) any sums alread}r collected from Borrower which exceeded permitted limits will be refunded ta Borrower. Lender zxaay choose to make this refund by� reducing the principal owed under the Note or by making a direct payment ta Borrower. If a refund reduces principal, th� reduction will be treat.zd as a partaal prepayment without any prepayment chaxge (whether or not a prepayment char�e is provided for under the Note). Sorrower' s acceptance of any such refund made by direct payment to Borrower wrill constitute a waivcr of any right of action Borrower might have arising qut. of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security �nstrument rnust be in writing. Any notice to Borrower in connection with this Security Instrurnent shall be deem�d to have been given to Borrower when mazled by �rst class mail or when actually delivered tp Borrower' s notice address if sent by other means. Notice ta any one Borrower shall consti2ute notice to all Borrowers unless l�pplicable Law expressly requires otherwise. 7'he notice address shall be the Property Addresa uniess Borrower lias designated a substitute notice address by notice to Lender. B.orrovver shall promptly notify Lender of Sorrower's change of address. If Lender specif3es a procedure for reporting Borrower's change of address, then Borrower shall only report a chai2ge of address t gh that specified procedure. � � 231011 NEeRASICA - 5ingle Family - Fannie MaefFreddle Mac UNIFORM lNSTRUMENT �-E(NE) (0611) Pa9e �o ot ts Initials� FOYm 3028 1/01 �