201201903 - Laserfiche WebLink

Browse

20i20190u 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instnunent granted by Lender to Bonower or any Successor in Interest of Borrower shall not operate to release the liability of Bonower or any Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instnunent 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 acceptance of payments from third persons, entities or Successors in Interest of Bonower or in amounts less than the amount then due, shall not be a waiver of or pr�lude 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 Bonower who co-signs this Se�urity 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 Se�urity Insmiment; (b) is not gersonally obligated to pay the s�uns secured by this S�urity Insmunent; and (c) agrces that Lender and any other Borrower can agrce to extend, modify, forbeaz or make any accommodations with regazd to the terms of this Security Instrument or the Note without the co-signer's cansent. Subject to the provisions of 5ection 18, any Successor in Interest of Borrower who assumes Borrower's obligations under tlus Security Instrument in writing, and is approved by I.ender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Bonower shall not be released from Bonower's obligations and liability under this Security Instrument unless Lender agr�s to such release in writing. The covenants and agresments of this Security Instrument shall bind (except as provide� in S�rion 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may chazge Borrower fees for services performed in conn�tion with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this S�urity Instrument, including, but not limited to, attomeys' f�s, property inspection and valuarion fees. In regard to any other fe�s, the absence of express authority in this S�urity Instrument to charge a specific fee to Bonower shall not be construed as a prohibition on the charging of such f�. Lender may not chazge fees that are expressly prohibited by this S�urity Insttument or by Applicable Law. If the I.oan is subje�t to a law which sets maximum loan charges, and that law is finally interpretefl so that the interest or other loan charges collected or to be coll�ted in conne�tion with the Loan exceed the permitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Bonower wluch exceeded permittefl limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or fiy u�cing a direct payment to Borrower. If a refund reduces principal, the raduction �vill be treaterl as a partial pa��ayment without any prepayment charge (�vvhether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by dire�t payment to Bonower will constitute a waiver of any right of action Bonower might have arising out of such overcharge. 15. Notices. All norices given by Bonower or Lender in conne�tion with this S�urity Instrument must be in writing. Any norice to Bonower in connection with this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Bonower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Bonower has NEBRASKA-Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Financial Services Fa�„ so2a �ro� VMPB(NE) 11105) Page 71 of 17