201209535 - Laserfiche WebLink

Browse

201209535 12. Borrower Not Refeased; Forbearance By Lender Not a Waiver. Extension of the tnne for payment or modification of amartization of the suins secured hy tlus Security Instrument granted by Lender to Borrower or any Successor in InteresE of Borrower shall not operate to release the liability oP Borrower or any Suecessors in Interesf of Borrower. Lender shall not be required to commence proceedings againsf any Successor in Iffierest of Bonower or to refuse to estend time for payment or otherwise modify amortization of the swns secured by this Security Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Bosower. Any forbearance by Lender in exerci,ing any nght or remedy including, without limitation, Lender's acceptance of payinents from third persons, entities or Successors in Inieresi oi Borrower or in amounts less tlian the amouut then due, shall not be a waiver of or p�.-eclude the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borcower's obliga#ions and liability shall bejoint and 9everal. Howevex, any Bozrower v✓ho co-sigis this Security Instrument but doAs not execute She Note(a"co-signea"): (a) is co-sigiina tliis Security Instrument only to mortgage, �-ant and convey the co-signer's intcrest in the Properiy under tihe tenns of tlus Security Instrtuneut; (b) is not personaRy oUligated to pa�the swns secured by thxs Security Instrument; and(c) agrecs that Lender and any other Borrower can agrcc to extend, modify, forbear or make anq accommodaflons with regazd ro the terms of th3s Seeurity Inshvment or the Note without T1ie co-signes's consent. Subj ect to the provision�of Section 18, any Successox in Interest of Borcower who assumes Borrower`s obligations under ihis Security Instrument in�vriting and is approved by Lender, shail obtain all of I3orrower's rights and benefits under this Security Instnlment. Borrower shall not be released from Borrower's obligations and liabiliry under this Security Instnunent unless Lender agrees to such release in Rriting. The covenants and a�eeinents of this Security Instrument shall bind(except as provided in Section 20)and benefit the successors and as�igns of Lender. 14. Loan Cltarges. Lendex may charge Borrower fees for services perfoxmed in connection with Borrower's default, foi the puipose of protecting Lender's Interest in the Property and rights und�r this Security Instrument, including, but not limited to, atWmeys' fees, property inspection and valuation fees. In regazd to any other fees, the absence of eYpress autkority in this Sacurity Instruwent to charge a specific fee to Borrower shail not be construed as a prohibirion on the charging of such fee. Lender may not charge fees tfiat aze eApressly pxolub3ted by this Sectaity Instrument or by Applicable Law. If the Loau is subject to a law which sets maxuuum loan chazges, and that law is finally interpreted so that the interest or other 1oan chazges collected or tp be collected in connection wihh the Loan exceed the permittEd limits, then: (a) any such loan chazge shall be reduced by the amount necessary to reduce the charge to the pennitted liinit; and(b) any sums already collected from Borrower which exceeded pernutted limits will be refunded to Borrower. Lender may choose to malce this refund by reducing the principal owed under the Note or by makuig a direct payment to Borrower. If a refund reduces principal; the reductio�wIll be treated as a partial prepayment wifhout any prepayment cbarga(whether or not a prepayment charge is provided for Lmder the Note). Borrower's acceptance of any such refund made by direct payment to Borrower wi11 constitute a waiver of any righi of action Borrower inight 11ave aris3ng out of such overcharge. 15. Notices. Ail notices given by Borrower or Lender in connection anth this Security�Ins�iunent must be in iuriting. Any notice to Borrower in connection with this Security Insh-ument shall be deemed to have been o ven to]3on-ower when inailed by first class mail ar when actually delivered Yo Borrower`s notice address if sent by other means Nouce to any one 73orro�er shall constitute norice to all BoLrowess unless Applicable Law expressly requires otherwise. The notice address shall Ue the Property Address unless Borrower has zaoo2�az 4�RASKA-SingleFzmily-Fannie�Aae/FredtlieMacINIFORAfi WSTRUMBJT Form3C28 V0'I V41P(y VMP6(4E](1105) W olters Hluw er Pinancial Serviws Page 11 of 1�