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201100284 Borrower shall be in default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, cauld 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 disrnissed with a ruling that, in Lender's judgment, precludes forfeiture af the Property ar other material impairment of Lender's interest in the Property or rights under this Security Instrument. The proceeds af 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 Lender. 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; �'orbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortizatian of the sums secured by this Security Tnstrument granted by I.ender to Borrower or any Successor in Interest of Borrower shall not aperate to release the liability of Borrower or any Successors in Interest of Borrower. L.ender shall not be required to commence proceedings against any Successor in Interest of Borrower ar to refuse to extend time for payment or otherwise modify a�nortizatian of the sums secured by this Security Instrument by xeason of any demand rnade 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 from third persons, entities or Successors in Interest of Borrower or in amounts less than the amaunt then due, shall not be a waiver of or preclude the exercise of any right ar remedy. 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 Borrawer who co-signs this Security Tnstrurnent 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 nat personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Bormwer can agree to extend, modify, forbear or make any accammodations with regard to the terms of this Security Instrument or the Note without the co-signer's cansent. 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.ender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instrument unless Lender agrees to such release in vvriting. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 2A) and benefit the successors and assigns of Lender. �B�$� — Single Family — Pannie Mae/F�eddk Mrc UNIFORM IN5TR[7MENT Form 3028 �� GCC - G302$-12 (09/Ol) (Page 12 af 19) Initials: