201202967 - Laserfiche WebLink

Browse

�0120�� 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 S�urity Instrument granted by Lender to Bonower or any Successor in Interest of Bonower shall not operate to release the liabiliry of Bonower or any Successors in Interest of Bonower. 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 S�urity Instrument by reason of any demand made by the original Bonower or any Successors in Interest of Bonower. 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 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 agr�s that Borrower'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 Properiy under the terms of this Se�uriry Instrument; (b) is not personally obligated to pay the sums s�ured by this Security Instrument; and (c) agrces that Lender and any other Bonower can agr� to extend, modify, forbear or make any accommodations with regard to the terms of this Security Instrument or the Note without the co-signer's consent. Subject to the provisions of S�tion 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instniment in writing, and is approved by Lender, shall obtain all of Bonower'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 agr�s to such release in writing. The covenants and agr�ments of this S�urity Instrument shall bind (except as provided in Section 20) and benefit the suc.cessors and assigns of L,ender. 14. Loan Charges. Lender may chazge Bonower f�s for services performed in connection with Bonower's default, for the purpose of protecting Lender's interest in the Property and rights under this Se�urity Instrument, including, but not limited to, attomeys' fees, properly inspecrion and valuation fees. In regazd to any other fees, the absence of express authority in this S�urity Instrument to chazge a sp�ific fee to Borrower shall not be construefl as a prohibition on the charging of such fee. Lender may not charge fees that aze expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subj�t to a law which sets maximum loan chazges, and that law is finally interpreted so that the interest or other loan charges collectefl or to be collected in connection with the Loan exceed the germitted 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 Borrower which exceederl permitted limits will be refunded to Bonower. Lender may choose to malce this refund by reducing the principal owed under the Note or by making a dir�t payment to Bonower. If a refund reduces prineipal, the rerluction will be treatefl as a partial prepayment without any prepayment chazge (whether or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. IVotices. All notices given by Bonower or Lender in conne,ction with this Security Instivment must be in writing. Any notice to Bonower in conn�tion with this Security Instrument shall be d�med to have b�n given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Norice 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/Fr�idie Mac UNIFORM INSTRUMENT Form 3028 1/01 VMP 0 VMPB(NE) (1105) Wokers Kluwer Financial Services Page 11 of 17