201400901 - Laserfiche WebLink

Browse

��14��9�1 �2. Borrower Not Re[eased; Fnrhearance By Lender Not a 11'Ua��er. �xtension flf the tim.�for pa�men�or modifica�ion of amor�i�a�ion af the sums secured by�h�s Security Instrument granted by Lender to Borrower or any Su��essor in�n�erest af Borrow�r shall no�opera�e to re��ase the��ab��ty af B�rrow�r or any Successors �n Interest af Borrawer. Lender shali not be requir�d to commence pr��eed�ngs a�ainst any Success�r in In�erest of B�rrower or tfl refuse to ex�end time for paym�n�or o�herwise modify amnrtizat�on �f the sums secured by this Secur�ty �nstrumen�by reason of any demand made�y the original Borrawer ar any 5uccessors in Interest nf Borrower. Any forbearanc�by Lender in exerc�sing any right or remedy �nc�uding, without l�mi�a�inn, Lender's acceptanc��f payments from�h�rd p�rsan�, en�i�ies or 5uc�essors in �n�erest of Borrov�rer�r in amaunts Iess than the amoun�then due, sha11 not be a v�aiver of or prec�ude�he exercise af any r�ght or remedy. �3. Joint and Se►rerai L�at��ty; �o-sigr�ers: Successors and Ass�gns Bvund. Barrower co��nants and agr�es that Borr�wer's obl�ga�ions and Xiabi�ity shall be�oint and seWeral. �owe�rer, any �3orr�vver v�ho co-s�gns this Secur�t� �ns�rument but does not�xecute the No�e(a "co-signer"}: �a} is co-signing this Security Instrumen��n�y to mar�gage, grant and canvey the ca-signer's interes�in�h�Prfl�er��under th.e terms af this S�curit� �n�trument; �b} is no�pers�na��y o��igated to pa�the sums secured�y�i�s S�curity Instrumen�; and �c} agrees that Lender an� an�other Borrovver can agree�o�xtend, m�dif�, forbear or rna.�e any acc�mmodations with regard to the terms of�his Security Instrument or the Note without�he co-s�gner's ��nsent. 5ubjec��the prowis�ons of Sec�ion 18, any Suc�essor in Int�res�of Borrower who assumes Borrav�er's �bliga�ions und�r this Securi�y �ns�rumen�in writing, and �s appro�ed by Lender, shall ob�ain all of Borrawer's ri�hts and benefi�s under this Securi�y Ins�rumen�. Borrov�er shal�nat be rel�ased from Barr�w�r's obligat�ons and liabi��ty under this Security �ns�rum�ent unles� Lend�r a�rees �� such re�ease in vvri�ing. The�o�enan�s and agr�ements Qf this Securi�y Ins�rurnent sha�i�ind��xcep�as prav�ded in Sect�on �0} and benef�t the successors and assigns of Lender. '[4. Laan �harges. I.,ender ma�r�harge Borrower f�es f�r s�r��ces performed in connec�ian w��Borrov�a�r's d�fau��, for the purpase of protec��ng Lender's intere��in the Proper��an.d r�ghts under this Se�ur�ty �nstrument, including, but r��lim�ted�o, attorneys' fees, propert� �nspection and�ralua�ion fees. �n regard to aray ather fees, the absence�f expr�ss author��y in this Secur�ty �nstrumen�to charge a specifi� fee�fl Barrower sha�l not be cons�rued as a p�roh�bi��n on�he charging of such fee. Lender ma�n�t�harge fees �hat are expressly prflhi��ted b�th�s Security �nstrument or by Applicable Law. �f the Loan is subjec�to a�aw wh�ch sets maximum loan charges, and�ha��aw is f�na��y�nterpreted sa that �he�nteres��r❑ther Ioan�harges co�lected or to be collec�ed�n connec�ion wi�h�he Loan exceed the pernv.t�ed�im.i�s, then: �a} an� su�h ��an charge shall b�reduced by the amount nec�ssar�tfl r�duce the Ghar�e to�he permi.tted�irnut; and�b� an� surns already collected from Borrov�rer which exceeded permit�ed limits wi��be refunded to Borrawer. Lender�nay choase�o make�his refund by reducing�he pr�ncipa� ovv�d under the No�e or by making a direct payment to Borraw�r. Xf a refund reduces�rxncipa�, the reduc�ion w�11 be�reated as a par��al prepaym�n�w�thflut any prepayment charge�vvh��her or not a prepayrn.�n�Charg��s provided for under�h� Note}. Borr�wer's acceptan�e�f an� su�h refund made by direc�paymen��o B�rr�wer w�l� cnns�i�ut�a wai�er of any right of a�t�on Bnrrower rn�gh�ha�e aris�ng ou�of such��ercharg�, �5. Notices. A11 no�ices given by Borrow�r or Lender in c�nne�tion with�his Secur��y Instrument mus�be in wri�in�. Any n��ic��o Borro�ver in�onnec��on wi�h th�� Secur�ty �nstrument shall be deemed��ha�e been g��n ta Borrflw�r when ma��ed by first class mai�ar when ac�ual�y del�vered to Barr�wer's not��e addr��s if sent by o�her means. N��zce�o an��ne Borrov�er sha��cflnstitu�e not�ce t�all Borrow�r�unless App�i�ab�e Lav�r expressi� requires o�herwise. The natice address shal�be�he Proper�y Address un�ess�3orrflvver has N�gRASKA-Single�arr�ily-�annie Mael�reddie Mac tJNIF�RM tNSTRUM�NT �vrm 3028 91�� VMP[R; VMPC�NE3 f 1302] Wo�ters Ktuwer�i�anciaf Ser�ices Page 1 1 0#7 7