201208477 - Laserfiche WebLink

Browse

201208477 12, Borrower Not Released; Forbearance By Lender Not a Waiver. �xtension ofthe time for payment nr inodiflcation o'F amarEia�tion of'the stuns secLtred by this Secw�ity hTstrumc��t�,n'anted hy Lcnder fo Borrower or nny Sucoessor in Interest of Borrowcr sl�all txoC oper2te Lo ralease Lhe lia6ility of Borrower or Any Successors in Intetest of Sarro��er, Lender ekiall not be requirecl to commence proceedings agaiust a�iy Succeesor n� intorest of Bouower or to refuse to extend time Por paymenC or otlier�vtse modify a�norfization of the sums secured by this Security Instiuuient by reaeon of any deinand made by the origivall3orrower or any Suocessore in Iuterest oPBorrower. Cv�y forbeu�ance Uy Lenc9er in exercising any right or rcinuYly including, wi&iout limitation, Lend�'s acceptanco vf�aymenfe froin fhirdpersons, entities or Suceeseors�in Interest of Borrower or in amoar�ls lcse [han Lhe ui�ount then due, shall not be n weiver o£or preclude the exorcisc of any right or remedy. 13. Joint and 3everel Liability; Co-signers; Successors and Assigns Bound. Bonrowcr covenanfs and �grees that Borrower's oUligations and liahility shall be joinC and several. IIowevex, any Borrower who co-signs Uiis SecLuity Ins&u�nenu hut doea not execute the Note(a"co-signar"): (a) is co=signing thi9 Security lnsbmne��t only fo inorCg�ge, grant And convey the co-signar's interest in tlie Property Lulder U�e tern� of this Sccuriry Inatrument (U) is noC personally oUligated to pay the snms secured liy thiF Sccueity inetrumenl; m�id(c) ftgxees tliati Lendar 2nd any otl�er 13orrowcr cnn agrce fo oxtend,�noc{ify, Porbear or make nny ncoommodatioiis with regard to�tl�e tcrms of this Security Inatrun�ent or the Note without Hie co-signer's conseut. Subject to flie provisione of SecCion 18, �ny Successor in Interest of Borrower who aseumes I3orrower's obligations imdec this Secw-ity Inshlunent in writiing, and is approved by Lencier, shal] obtain all of Borxower's rights and benefite mide�'th'rs Scoiu�ity Inslrumetit. Borrower shedl not be released from Borrower's obligations �nd IinblliCy tmder Chis Secucity Insktuneut unlass Lender agrees tio such re1ease in vniting. "IY�a covenants and agteemente of this Secw'ity InsTrmnent sha11 buid(exoept as provided in Section 20) and beneflt the successors and assigus of Lender. 14. Loan Charge�. Lender mny charge Borrower Fees for seroices perfouned in comreotion witl�Bon•ower's defnult, for the purpose of protiecting Lender'y iiat�rest in the Yrt�}�crty and rigl�te iitider chis Secm•ity Instrument, includiug, but uot limited to, atkxrneys' Pee,s,property inspection and valuation fees. In regArd to aiiy otl�er fees, thc absence oF express authoxity in thie Securlty Ins�uinent to chu�ge a spacific fee to $orrower shall noC bo cotrstrued ae a prohibition on the chnrgii�g of buol� foo. Lmzdor inay not charge fees Uiat a��e expressly}�rnhiUited by 6his Seourity Instrument or by Applicable Law. If the Loan ia siil�,jcct to a law wLiot�sets mnximum lo�n clklrges, azid tliat la�w is fnally infeipreted so tliat tl�e inYerest or other loan chnrges colleetied or fo�be collected in conuecEion wit11 the l.oan oxcccsci the pernvlted limite, then: (a) any such loan charge sha71 be ruiuccd by tt�e amounti kiecessacy Co reduce the ch�rge to�the peru�iCCed limit; and(b)any stiuns alroady oolleaCeci Prom Borrowet which exoeeded permitted limits wIll be refiulcled to Borrpwcr. Lender may ol�oose to make thia refund by xulucing Uie�rinci�al owed mider the Noto or by rnalting a direct p�yment to Borrower. If a refund reduces principal, 11ie redLtction will be h•eaCed as a paxtial prepa�yinent witliout any prepa�nent charge-(whetl�er or not a prepayinenf chargc is provided for mider the Note). 13orro��cr's acocptance of any sunh xefimd made by direct pnyment to Borrower will consLitiute 1 waiver of 1ny right of action Borirower inighY have aa•ieiug out of suoh overcl�axge. 15. No4ices. A11 nc�tioes given by Darxowec or Leuder in wiuiacYion wiSh tl�is SecuriCy Instrameirt lnast be i�i writing. A1iy uatice to Borrower iu eoimectiou witU this Security Instrument nliall Uc deeined Co h�tve been giveix to Borrower whao i��ai1od by fii�st clzes mail or when actunlly delivered fo Borrower's notice addreas if sent by oCher ineane. Nofice Co any one Borrower shall constitute notice to all Borrowers unless Applic�Ule Law expressly requires o[herwise. The notice address shall be tha ProperGy Address unless I3orrower has ' z�ioosaz� NCORn SKn�single Fam Ily-Fannle M aelFreddle W ac UNIFORivI INSTRUM FNT Form 3028 i 10 1 VM P� Vlvl P6(NEl(1105) Wol�ers Kluwer Finanr,lel3ervinae Page 11 ot 1�