201402159 - Laserfiche WebLink

Browse

��14��159 e�cept wit� respect ta matters for v�rhich �his S�curit� Ir�strum�nt or th� other Loan Docum�nts specifically and expressly provide for the�iv�n�of notice by Lend�r ta Ir�dividual Barrower and except w�th respect t�matters for which Lend�r is required by applicable Iaw ta g�ve notic�, ar�.d Indi�ridual �orrawer herehy expressly waives the right to rece�ve any notice from Lender w��h respect ta any matt�r far which this Security Instrumer�t ar the �ther L�oan Documents do not specifica�ly and expressly prov�de for the�iving vf notice by Lender to Ix�di�iduai Borrower. Section 9.4 Waiver af Statute of Limita�i�ns. Ta th� exterit p�rmitte.ci by applicable law, Individual Barrower her�by expr�ssly waives an.d re�eas�s to th� full�st extent pe��tted hy Ia�r, �ie p�eading of an�statut� of�imitati�ns as a def�nse to payment of the I3ebt or perfarmance of its Qther�bligat�on�. ARTICLE la �E��UI�PATI�N The pr�vis�ons af Sect�on�.3 of the L�an�gre�ment are hereby i.n.corporat�d by reference�nto this Security Instrument to th� same extent and with the same farce as if fu�� set forth her�in. ARTICLE 11 -NaTI��S A11 natices or other written communications hereunc�er shal� be de�i�ered ir� accordance v�ith Section 10.5 of the Laax� Agreem.ent. Barrow�r, fflr each party hereto, here�y requests a capy�f any notice of default and a copy�f any natic�of sale hereux�der be maiied to thern at the appl�cab�e ad�resses in the L�an Agreem�nt. ARTICLE 1�-APPLI�ASLE LAW S ection 1 Z.1 �o�e rnin� L aw. Thi s S ecurity Lnstrument shall b e �av�rned in � accordar�c.e with the t�rms and provisians�f Se�tion ��.3 of the Laan Agreement. Section 1�.2 Usu� Laws. �otwithstand�ng anything to the contrary, �a] a�l agree�mer�ts an.d cornmurucations ��tween Borrower and L�nder are hereby and shall automati�a�ly be lin�ited sa that, af�er taking into account a�l amounts de�med interest, the i�nterest �antract�d. far, cha,rg� or recei�red by Lender sha1� r��ver ex�eed the Ma�ua�um Lega� � Rate or amount, �h} in calculating v�hether any int�rest �n accaunt af the Loan exceeds the �Viaximum Lega� Rate, all such int�rest shall be amarti�ed, pr�rated, a��cated and spread ��r the ful� am�u�t and t�rm of al� principal indebtedn�ss of Borrower to �nder an a�count of the L,�an and �c} if t�rough any �on#in�ency or event, L�nder receiv�s or is deem�d to re�e�ive �nter�st ir� �x�ss �f the Ma�imum Legal Rat�, any su�h e�cess shall be deemed �o ha�e been applied tovvard payment of th� vutstanding principal �f the Loan, or if ther� is no such outstanding prin�ipa�balance, sha1�immediately b�returned to Borrower. Sectian 1�.3 P_,'si�,ns Sub�ect tQ Ap�lic��le Law. Al� ri�hts, powers au�� remedi�s pravided in this Secur�ty Instrurr�ent may be e�cercised �r�y to t�e extent that the exercise thereof does n�t vi�la�e any applicable provisions �f lavv and ar� intended to b�limited 1073 i S I.U4-lYYC5R�3A-M5W