201201173 - Laserfiche WebLink

Browse

201201173 12. Borrower Not Released; Forbearance By Lender Not � Waiver. Extension of the time for payment or modification of amortization of the sums secured by this S�urity Instniment granted by Lender to Bonower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proce�dings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Se�urity Instrument by reason of any demand made by the original Bonower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lender's ac.ceptance of payments from third persons, entities or Suc,cessors 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 remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Bonower covenants and agre�s that Bonower'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 tlus S�urity incm�m�t; (b) is not personally obligated to pay the sums se�ured by ttus Security Instrument; and (c) agrees that Lender and any other Borrower can agr� to extend, modify, forbear or a�ake any accommodarions 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 Bonower who assumes Bonower'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 Instrument. Borrower shall not be released from �rrower's obligations and liability under this S�urity Instrument unless Lender agr�s to such release in writing. The covenants and agr�ments of this Security Instrument shall bind (except as provided in S�rion 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in conne�tion with Bonower's default, for the purpose of protecting Lender's inter�t in the Property and rights under this S�urity Instruuient, including, but not limited to, attorneys' fees, property inspection and valuation fees. In regard to any other f�s, the absence of express authority in this Security Insm�ment to charge a specific f� to Borrower shall not be construed as a prohibirion on the charging of such f�. Lender may not charge fe�s thai aze expressly prohibited by this Security Instrument or by Applicable Iaw. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges coll�ted or to be collected in connection with the Loan excced the permittefl limits, then: (a) any such loan chazge shall be reduced by the amount ne�essary to reduce the charge to the peruritted limit; and (b) any sums already coll�te� from Bonower which exce�ded permitted limits will be refund� to Borrower. Lender may choose to make this refuad by reflucing the principal o�red under the Note or �y making a direct payment to Borto�ver. If a refund reduces principal, the reduciion wili be � as a paztial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Note). Bonower's acceptance of any such refund made by dire�t paymern to Borro�vver arill constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connecrion with this S�urity Instnunent must be in writing. Any norice to Bonower in connecrion with this Security Insmiment shall be deemed to have been given to Bonower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other means. Notice to any one Bonower shall constitute norice to all Bonowers unless Applicable Law expressly requires otherwise. The norice address shall be the Property Address unless Borrower has NEBRASKA-Single Family-Fannle Mae/Freddie Mec UNIFORM INSTRUMENT Form 3028 1l01 VMP Q VMP6(NE) (1705) Wokers Kluwer financial Services Page 11 of 17 , A . n t' j� '�A ./ M1,`� � �'� e R�'