201207653 - Laserfiche WebLink

Browse

201207653 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tnne for payment or modification of amortization of the sums secured by this Securit5>Instrumeut granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Bonower or any Successors in Inierest of Bonower. Lender shall not be required to commence pioceedings against any Successor in InteresT af Borsowec or to refitse to extend tiine fpr payment or otherwise modify amortization of the sim�s secured by tliis Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbeazance by Lender in exercising any right or remedy including, without limitation, Lender s acceptance of payments from third persons, entities ar Successors in Interest of Borrower or in amounCs less tl�an the amount then due, shall not he a waivzr of or preclude the exercise o�any right or remedy. 13. Joint and Several Liabilky; Co-signers; Successors and Assigns Bound. Borrower covc-nants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrmnent bnt does not execute the I�Tote(a"co-sign€r"): (a) is co-signing this Seeurity Instrument only to mortgage, gr�t and convey the co-s�a er's Interesi in the Prop�ty undex the [emis of Yhis Security InstnLment; (b) is not personally obligated io pay ihe suins sccured l�y tj�is Security Insirument; and(c) agrczs that Lender and any other Burrower can a�rzee to extend, modi�, foxbear or make any acc;ommodations with regard to the terms of this Security�Instnunent or the Note without the co-signer's consent. Subject to the pro�isions of Section 18, any Successor in Imerest of Borrower who assumes Borrower's oUligarions under this Security Instrument in writing and is approved by Lender, shall obtain all of Borrowcr S riglrts and 1�enefits under this Security Instmuteut. Borrower shall not be rcleased from Borrower's obligations and liability Lmdcr tlus Security Inshument unless Lender agrees to sueh release in writing. The covenants and agxeements of this Security Instruuient shall bind(except as provided in Section 20) and bencfit thc succcssors and assin s of Lender. 14, Loan Charges. Lenda may charge Borrower fees for senices performed in coanection with Bonower`s default, for the purpose ofpxotecting Lender s interest in the Property and rights under this Security Instrument, including,but not liimted to, attorneys' fees, property ixrspection and va.luation�Pees_ In regard to atky Other fees, the absence o£express authority in fhis Security Insfrinnenf to charge a speeific fee to Borrower shall not be construed as a pmhibition on the charging of such fee. Lender may not chargc fees that aze expzessly ptohibited by this Seeurity Insh-ument or by Applicable Law. PPthe Loan is subject to a law which sets mazimuw loan charges, and tUat law Is finally intexpreted so khat the interest or other loan charges collected or to be collected in connection wirh rhe Loan exceed the pemntted liuuts, then: (a) any such loan chazge shall be reduced by the ampunt neeessary w xeduce the charge to the petmitted limit; and(b)anc suius already coliected from Borrower which exceeded p�rmitted limits wi11 be refimded to Borrowcr. Lcnder may choose to;nake this re£und by reducing fhe principzl owed undei the Note or by mak'no a direct payment to Borrower. If a refund reduces principal, flie reduction will bc trcatcd as a partial prepayment withou[any prcpayinent charge(whether or not a prepayment charge is provided for und�the Note). Borrower's acceptance o€any sueh refimd made by d�ect payment ta Borrower will coiLstitutc a waiver of any right of action Borrower might have arising out of such overchazge. 15. Notices. All notices given by Boaower or Lender in eonnection with tlus 9ecurlty Instrwnent must be in writing. Any notice to Borrower in connecfioa with Yhis Security Instrument s�hall be deemed w have been given to Borrower when mailed by fust class mail or when ac,-tually dclivcred tc�Borro�ver's notice address if sent by other means. Notice to any one Borrou�er shall constitufe notice to alI Borrowers unless Applicable Law exyressly requires o[herwi,e. �1'he nolice address shall be the Properiy Address unless Borrower has 24002t45 NEBR4SKH-$ingle Family-Fannie M aelFreddie Mac ONIFORM11 INSTRUfd ENT Po�m 3a28 1f01 Vbl P OO VM P6(NE)(11�5) VJolters Kluw er Financial Services Page 11 of 1.1