201210454 - Laserfiche WebLink

Browse

201210454 12. Borrower Not Released; Forbearance By Lender Not a Waiver. L�xtensiou of the time for pay�nent or modification of�unortizat'ion of the sLuns secuaed Uy this Security Iuetrumant gra.nted Uy Lcndcr fo Borro�*�er or�ny Succecaor in Interest of Borrower shall xiot operete to celeaee T1ie liability of Borrower or any Sucoessors in Intieresti of T�orrov,%cr. Lznder shnll uoC be required to convi�enoe proceedings against any Succesaor in Inferest of Borrower or to ref'use Yo extcnd time fot payment ar otherwise modify ail�ortiaation o£t6e sums secu�ed Uy�liis Security Instr ument by reaeon of any deinand madc Uy ilie originel Borrower or any Sucoessors in Interest of Borrower, Any forbeu'ance Uy Lendcr in exercising nny right or remedy including, wiUiout limitafion, Lender's acceptance of puyineuCs fi�om third persons, entities cjr Succeaeors in Interest oF Borrower or in�vnounts less tliau tl�c aii�ount Chen due, shall not be a�*�aivcr of ot preclnde the exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns 6ound. Borrower covenanCs and agrees thnt Borrowar's obligatioi�s and liability shail be joint ai�d several. However, flny Borrower who co-signs this SecuriEy Insta mnent but does not executo thc Note(a"co-signer"); (a) is co-signiug this Security lnstruinenf only to mortgage, gra��t and convey the co-signer's interest in tlic Propexly under the tcrms oP Chis Security InstrumenE; (b) ie not personally oUligated to pay tlie siims secuxed by tlus Security Instrument; euid(c) 2b��eev that Lendee nnd any oUier Ron�ower can agree to extend, modify, forbcnr or make any accommodations wiCh regard tu Che ten��s of tihis Security Insh�wnent or the Noto withoul fhe co-signer's conecnt. SuUject to thc provisiona of Section 18, any Successor in Snterest oF Borrowar who assumes Boxrower's ohlig�uions under thia Secucity Histrmncnt in wxiting, and is appxoved by Lendc��, ahall obtain�Il of Borrower's rights and beuefits uncier this Seeurity InsWwne�rt. Rorrowor shall not l�e released from Borrower's obligations and liability undc�'this Secarity 7nstrwnenf unless Lender a�grees to snch relcnac iii v✓iiting. The cov�nants and 2greeinents of this Scciu�ity Inshvment shall buid(except as providcd in Section 20) and beneflt the successnrs and aseigns of Leuder. 14. Loan ChaYges. Lender may charge]3orrower fees for seivices perfonncd in conuec�ioci with Borrower`s defaalt, for Yhe yurpose of protecting Lender's interest in thc I'roper0y nnrl rights under this Securiky InsCriunen[, inclnding, but noti limited to, atk�rncys' fees, property inspection wd valuation fees. I��rcgexd to aiiy other fees, Uie abse�we of cx}arass anlhority in this Security InsCrument to cl�argc a e�eci6c fee to Borrower shsll not l�o const��ued as a prohibition on tl�e chargiug of euch £cc. Leuder may not chaA•ge Pees tihat are expressly prohibited by this SecLirity HisCrument or by Applieable Law. If the Lo�n is aubject to a law which seTs maximuin loan oh�rgee, and that lnw ia &nally interpreted so that the interesC or otiher loan charges col1ectcd or Co be collected in covnecUon with the Loan exceed the permitEed limits, thcn: (a) any such lonn chnrge shall be reduced by the amount neces�ary to rednce the eh�rgc Co the permittecl limit; andtb) any smns already wllcctecl fi'om Borrower wbich exeeeded pernutted liuzits will be rafuudad Co Rorrower. Lcuder may choose to meke this rePund by reducing tihe principa1 owc�-d under flie Note or by inaldng a diTectpaymenY to Borrower. If a refund reduces priircipal, Lhe reclucCion will bc h•eated as a pnru�l pxepayment without auy prepaymcnt chargc(whether or not n prepayment cherge ie �rovided for under the Note). Borrower's �accc�tance of v�y such refimd made by direct payment to Borrower will constitute a waiver of any right oP netion Borrower iniglit have aa'ising ouC of such overcharge. 1 b. Notices. All notices givan by Bon�owe�� or Lender in comieolion wit}i tliis Secuiity Tustnunent inust be in wriYing. Airy notice to}3orrowcr in conueciion with Ehis Security Tnstrtunent shall ba deemecl to have l�acn given to Borrowue when n��iled bg Hrat clnss mail or wheix actLzally delivered to Borrowcr's notice address if sen�' by other me�ns. Notice to any one IIorrowe�� sliall conelitutc�noLice eo all Borrowers unless Applicable Law expressly requires otl�erwise. 'Chcnotice address shall be the Property Address unleee Borro��er has 240o299fi NEORA51<A-Single Famlly-Pannle P.4aelFredtlle Ddec UNIFOR67 INSTRUAIENT Form 3026 7/01 VM P@ VM PB{N H)(11061 W oltere Kluw er FYnanclal Servlaee P�qe P1 of 17