201209534 - Laserfiche WebLink

Browse

201209534 12. Borrower Not Released; Forbearance Sy Lender Not a Waiver. Extension of the time for payinent or modification of amorti�arion of the sum�secured by this Security Instrument��anted by Lender to Borrower or any Successor in Interest of Bc�rrower sha11 not operate to release the liability of Borrowa or an� Successors in Interest of Borrower. Lender shall not be required to commence proceedings against any Successor in Interest of Boaower or to refuse to�tend time fnr payraent or otherwise modify amortization of fihe suans secured by this Sec�ity Insirument by reason af any demand made by the original Borrowea ox any Successors in Interest of Borrower. .Any forbearance by Lender in exercising an�right or remedy including, w�thout limitation, Lender's acceptancc of payments from third per�ons, entities or Successors in Interest of Borrower or in amounts Iess than the amo�mt then due, sha11 not be a waiver of or preclude fhe cxercise of any right or remecly. 73. Joint and Several LiabiGty; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joinf and several. However, any Borrower v✓ho co-slgns this SecUrity IastnunenY but does not execute the Note(a"co-signer"): (a) is co-sigung fliis Security Instrument only to moz'tgage, grant and cairvey the ca-signer's interest in the Property under the terms of this Seeuiity fiistnunent; (b) is noY personally obligated to pay the sums seciaed by this Secwity Instnunent; and(c) agrees that Lender and any other Borrower can a��ee to extend, modiPy, forbear or uiake any accominodations with regard to the tem�s of this Security Inslnunent or the Note without the co-signer's consent Subjeet to the provisions of Section 18, anp Successoz in Interesk of Borrower who assumes Borrower's obligatipns under this Seciairy Instrmnent in writing, and ie approved by Lender, shall obtaln all of Borrower's rigl�ts and benefits under this Secu:ity Instrument. Barrower shall not be reieased from Bonower s obligalions and liability under this Security Inshument unlcss L ender aa ees to sueh release in writing. The covenants and ageemenis of flus Security Instrument shall bind(exccpt as provided in Section 20) and benefit the successors aud assigns of Lender. 1 d1. Loan Charges. Lender inay charge Borrower fees for services performed in connection with Borrower's default, for the purpose of prot�ting Lender's interest in the Property and rights uncler this Security :nstrument, including, but not limited to, attarneys' fees, property inspection and valuation fees. In re�ard to ariy other fees, ;he abseace of e�ress authority in this Security Instcument to chasge a specifxc fee to B�rrower sball not be construed as a prohibilion ou the cliar�mng of such fee. Lender mzy not charge fees t�at aze expresslp prohibited by this Secuxit�Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is fmally inkerpzcted so that the lnterest or other loan chazges collected or tp be collected in connection witi�the Loan�ceed the permitted limits, thep: (a) any such loan charge shall be reduced by the amoutrt necessazy to reduce the chazge to the pemutted linut; and(b) any sums already collected from Borrower which exceeded permitted limits will be refunded to Borrower. I,ender may choose to make this refund by reducing the yrincipal owed under the I�Tote or by making a direct payment to Borrower. If a refund reduces principal, tlie reduction Rnll be treated as a partial prepay�xnent without any prepayment chazge(whcther or not a prepayment charge is provided for under the Note). Borrower's acceptanec of any such refitnd made bp direcf payment to Boaower will constirixte a waiver oF anq right of action Borrower inight have arising out of sueh ovexchazge. 15. Notices. All notices given by Borrower or Lender in connecrion with this Security Ins*sument must be in writing. [lny notice to Borrower in connecLion with.tl�is Security Instrument shall be deeined to have been given to Borrowzr when mailed by first class mail o*wheu actually delivered to Borrower's norice address i�' sent by other means. Noticc to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The noricc address shall be the Properry Address unlcss Borrower has zaoanao N:BRASKASingle Farnity-Fannie N ze✓Fredcie M11 ac U�IFORM INSTROh1 ENT Fo�m 3o2 B 1101 VM1iPOO Vh1P6(N�(t1�5) W oliers KWw er Financial Serviczs Page 11 uf 7]