201208913 - Laserfiche WebLink

Browse

201208913 12. 6orrower Not Released; Forbearance By Lender Not a Waiver. Extension of the tin,e for paymeu( or modificatiou of nmortization oP tiha etuns secured Uq this SccLu'ity instrutnent granted by Lender [o Borrower or azry Succeseor in Interest of Borrowcr sl�all not opert�te Co relef�se the liability of Borrower or tmy Succossors in HiteresC of Borrower. Lender shall not be required to coimnenoe proceedinge against any Successor in Intere3t of Bo�•rower or Yo refuse to extend tiine for pa}m�ont or othc��wise modify�morCization of the sums saoured by this Security'Insh cm��nt by rea�on of a�iy clemand macle by the original Borrowar or any Successors in Intc.�est oF Bonrower. Any forbearance by Lender iu exereising nny right or remedy including, withoat limitafion, Lencler's �cceptmce of pa}nnents fi�oin tl�ird persons, entities or Succesdors in lnterost of Borrowei or in amotmts less than fhe 2unount then dtiie, sUall not be a waivor of or precl�ule tlie exercise of eny right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenents and agrees that Rorrowe�''s obligations and liAbility shAll be joint and several. However, any liorrowcr wlio co-signs thu Seciu�ity Instrnment buY does not exeoute the Note(a"eo-�ignor"): (a) is co-signing thia Sec[ixity Inetrument o'iily to inorfgage, grant and c;unvey Lhe eo-aigner's interesY in the Property under t7�e tenns of'this Security histru�7�cnt; (b) is not personelly obligated to pay Uia swns secu�ed by thiy Securiry 1nsU�umcnT, and�(cj agrees that Lender and any other Borrower can agree to cxtcnQ, tl�odify, forbear or meke any accoii�modations with xegnrd to the tierms of this Security InstrumcnC or �he Note wifhout the co-aignar's consenl. Subjcct to Che provisians of Section 18, uiy Successoc in lnturest�f Borrower wlio assumes Borrower's obligations under ttne Secw�ity Listruine�zt in vvriting, and is approved by Lendex, shall obtain e71 of Borrower's riglrts and Uenefits undcr H�is Secm�iCy Histrument. ]3orrower shall not be released from T3orrowcr's oUligaLiona tmd liability under this Securitiy Inshwnent miless Le��dcr agrece lo such release in wrifing. Tha covenants and agreements of this Security Lnstrumenl shall bind(excepE ns provided in Sectiion 20) and bene4iti the sucoessors ancl assigns oP Leuder. 14. Loan Charges. Lender may chargc k3orrower fees for services performed 'ui comiection wiUi Borrower's default, for thepurposc oPproCecCing Lender's interest in thaPiroparCy aitd rig1�ts under tl�is Security inshurncmt, inclucling, but not limited to, attoineys' fees, property iuspection and val�tation feea. In reg�rd to any other fees, the nbsence oY exprass zutihority in t7iis Security Ii�struii�ent fo oharge a speoifio fea to Borrower shall ��ot be construed¢s a prohibiHon on lhe cl�iarging of such fce. Lender may not cbarge 1`ees that are cxpressly prohil�ited by this Sectuity IusUwnent or bp App1ieaUlo Lttw. Lf tho Loan is subject to a law w}rich seYs inasimum loan charges, and th�t lttw is finally inlerprefed so Chat the interest or other loaai charges collected or to l�e collected in com�eotion with the LoAn exceed Yhe permitted limits, then: (a) any suot2loan chnrge shall be reduoedby tlie amount necessaiy to redtica tl�c charge fo Che petn7itted limit; nnd(b) uiy�uins already callaoted ftom Borrowcr wluch exceeded pernutted limits will be refunded to Borrower. I.endc��u�ay choose Co malc�Lhis refimd Uy reclucing the principal owed under the Nofe or by making a dirc,�cl payment to Borrower. If a refund reducea principal, the reduction will be tre�ted as a partiial prep2yn�enC without any propt�ymenl charge(whether or not a prepaymcilt chargc is providcd for iuider the Note). Borrower's acoeptance of aaiy such reftind made by dirceC pa}nnenf to Borxowei will constitute a waivar o�f any right of acticm Bnrro�ver mighl have arising out of snoh overchaz�ga. 15. NoYiees. All uotices given by Borrower or I,ende�'in com�a tion witl� Cl�is Secnrily Instrnment must be in writing. Any noYice to I3orrower in comicction wifh tliis Security Iustrument shall Ue deained to have Ueeu given to }3orrowar whcn mailed Uy fiist cless mail oi when actually delivered to I3orrowei's t�otice address iP seuC by otUer means. Notioe to tuiy ona Borrower s11all wnstitutc noNco to<dl Borrowers utiless Applicnble Law exprees�y reqLii��es otherwise. "Che noticc adc9ress sha11 be the Property Address unless Borrower has —J � 2A002567 NFPRASKASIn9loFemily-FennieMaAlRetltllaMeCIINIFORM INBTRUMENT Pofm902II 17�i VMP n0 VMPB(NE)�(1105) WOlteralCluwarFlnanclal5ervlaes Page1� oi'I�