420 LAUREL DR 2018-01-02 MF Import

Borrower shall be m default if any action or proceeding, whether civil or criminal, is begun that, in Lender's judgment, could result n forfeiture of the Property or other material impaument of Lender's be interest n the Property or rights under toviSecurity cduin S cton 19. byy causser can cure ing he actionuch a or proceeding to e acceleration has occurred, reinstate asp precludes forfeiture of to Property or other material dismissed with a ruling tat• in Lender's judgment, p Impairment ayd orr claim m for damages thatt arhe e attnbut attributable to therty or rights mpturninder this enttofrLender's nterestThe the Property are hereby assigned and shall be paid to Lender All Miscellaneous Proceeds that are not applied to restoration or repair of to Property shalle applied in the order provided for in Section 2 12. Borrower Not Released; Forbearance By Lender Not a 1Vaivnr. Extension of to time for payment or modification of amortization of the sums secured by this Security Instrument granted of B Lander er shall ot Operate to release the o� any Successors iity n Interest successor Boin trrower erest f Lendervshall not be required to commence ip Proceedings gaiast any Successor m interest of Borrower or to refuse to extend time for payment or Otherwise modify any Successor of the sums secured by this Secunty instrument by reason of any demand made by to original Borrower or any Successors in Interest of Borrower Any forbearance by Leander in exercising any right or ance Of remedy including, without Borrower tio in amounts less n, enehtan the amount ten due, shall not be a waiver of or succesInte st of preclude the exercise of any right or 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 Borrower who co-signs this Security Instrument but does st and convey he ot execute the osgner's nterrestrin the Propertyis eunder the Security instrument only to mortgage, g terns of this Security Instrument; (b) is not personally obligated rrower can pay to sums seemed di this Bear ty or Instrument, and (c) agrees that Leaded rid the terms of y other this Security Instrument lordthe Note without the make any co-signer's consent Successor in Interest of Borrower who assumes Subject to the provisions of Section 18, any Borrower'sl of Borrower's ngliaons under benefits underInstrument trs Security lostrurient. Borrower shall not be.released from Borrower's obligations and liability under this Security instrument unless Lender 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. 14, Loan Charges. Lender may charge Borrower fees for services performedm connection with Borrower's default, for the purpose of prof xting Lender's interest tile Property inspection and valuarights r onrfeess Security Instrument, including, but not Iim red to, attorneys' fees. property not charge In regard to any Borrower shallrnot betcon soedtas aexpress p oh bmon onithe charging ofy in thttsuch fee mLender may a specific fees that are expressly prohibited by this Security Instrument or by Applicable Law If the Loan is subject [o a law which sets maximum loan charges, and that law is finally interpreted the so _ lected that limits,ithen: O any ser loan uch loanges ccicharge shalectLil or to l beorleducedrby the amount rimessary to reducon with the Loan e to choose to make this refund w reducing the principal charge to to permitted limit, and (b) any sums already collected from Borrower which exceeded permute limits will t refunded r Borrower. Lender may mend to Borrower. If a refund reduces principal, the owed under the Note to by making a prod pay reduction will be treated as a partial prepayment without any prepayment charge (whether or not a nd made by prepayment charge is provided for under the Note) Borrower'slit of action Borrowece of anr might haysuch e ar s rig on direct payment to Borrower will constitute a waiver of any rig of such overcharge. 15. Notices. All notices given by Borrower or Lender m connection with this Security Instrument. ed must be in writing Any notice to Bo.rower in connection with this Security instrument shall be deemed to have been given to Borrower when marled by first class mail or when actually delivered to Borrower's �Initials i•f,�y��i'i7aM,[� Form 3048 1101 •61WA1100121 page 10 al 15 m 200 20 40 50 080