201209239 - Laserfiche WebLink

Browse

�412G9239 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums s�ured by this Security Insixument grantefl by Lender to Bonower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any Successor in Interest of Bonower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by tlus Security Instnunent 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 pre�lude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Bonower covenants and agrees that Bonower's obligations and liability shall be joint and several. However, any Bonower who co-signs this Security Instrument but does not execute the Note (a "co-signer"): (a) is co-signing this S�urity Instrument only to mortgage, grant and convey the co-signer's interest in the Property under the terms of this Security Instrument; (b) is not personally obligated to pay the sums s�ured by this Se�urity Instrument; and (c) agrces that Lender and any other Bonower can agree 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 Section 18, any Successor in Interest of Bonower who assumes Bonower's obligations under this Security Instivment in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under this Securiry Instrument. Bonower shall not be released from Bonower's obligations and liability under this Security Instrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in S�rion 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may chazge Bonower fees for services performed in conn�tion with Borrower's default, for the purpose of protecting Lender's interest in the Properiy and rights under this Security Instrument, including, but not limited to, attomeys' fees, property inspection and valuation fees. In regazd to any other fees, the absence of express authority in this Security Instrument to charge a specific fee to Borrower shall not be construed as a prohibition on the chazging of such fee. Lender may not chazge fees that aze expressly prohibited by this S�urity Instruinent or by Applicable Law. If the Loan is subj�t to a law wluch sets maximum loan charges, and that law is finally interprete� so that the interest or other loan charges collected or to be collected in connection with the Loan excee� the permitted limits, then: (a) any such loan charge shall be reduced by the amount nec:essary to reduce the chazge to the permitted limit; and (b) any sums already collected from Bonower which exceeded permitted limits will be refunded to Bonower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Bonower. If a refund reduces principal, the refluction will be treated as a paztial prepayment without any prepayment chazge (whether or not a prepayment chazge 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. Notices. All notices given by Bonower or Lender in conn�tion with this Security Insuument must be in writing. Any norice to Bonower in connection with this Security Insmunent shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Bonower's notice address if sent by other means. Notice to any one Bonower shall consritute notice to all Bonowers unless Applicable Law expressly requires otherwise. The notice address shall be the Progerty Address unless Borrower has NEBRASKA-Single Family-Fennie Mae/Fr�die Maa UNIFORM INSTRUMENT Form 3028 1/01 VMP � VMP6(NE) (1105) Woiters Kluwer Financial Services Page 11 af 17