Laserfiche WebLink
��14��5�9 <br /> Securi�y�nstrumen�, whe�her ar no��hen due. "�pposing Par�y" means�he third party that owes Ba�row�r <br /> �Vlis�ellane�us Pro�eeds oX•t�e pa�ty against whorn F3orrnw��•ha.�a righ�of ac�ion �n regat•d�o Mis�ellaneous <br /> Praceeds. <br /> 'Borrower sha�1 he in defau�t�f any action o�•praceeding, v►rhethe�•c�vi1 flr crimina�, is�e�un�hat, in Ler�der's <br /> �ud�me��t, could resul� in forfeiture of the P�•ope�•���or-o�her�nater•iaC i�npairme��t of Lender's in�erest�n�he <br /> ProperCy a�•ri�h�s under th�s Secu�•i�}r�ns�r•ument. Borro�ver can cur�such a defau�t and, if accelera��on has <br /> oc�uY•red, reins�ate as pravided in Sec�ian �9, by causi�n��he act�or� ar proceeding to be dismiss�d vvith a <br /> rulin�that, in Lender's�udgmer�t, precludes forfeiture af the Property a�-❑ther ma�e�•�al impairmen�of <br /> L�nder's interes�in�he Pt•operty o�• rights under this SecuY•ity Ynstrument. The p�oceeds of any awa�d or <br /> claim f��•damages that are attri��utab�e ta the impairment of I1e��der's ir�te�•es�in�l�e Property are hereby <br /> ass�gned and shall be�aid to Le�der. <br /> All Miscellaneous.Proceeds that are no�app�ied to res�aration o�•�•epai�•of the Proper�y sha�l be applied in <br /> t�e ordei•p�o�rided fo�• in Sec�ion Z. <br /> 'I 2. Borrvv�►er Not Releas�d; Forbearanc� Sy Lend�r Na� a ���er. Ex�ensian o t e��me or paymen�or <br /> modifi�ation af amor�iza�ion af the sums secured by this Securi�y Instrurnen�gra��ted by Le��de�•to Bor�o�nrer <br /> or any Successor i���ntet�est of Borrawer shal� nat o��rate to release the��abi�ity of Barrower a�any <br /> Suc�essors in�nterest of Borrowe�. Lender sha�� not be r-equ��•ed�a commence proceedings against any <br /> Successor����n�erest of Borrawer o�r to�efuse ta extend�im�fo�r payment�r oth�rwise rnodify amart�zatio�� <br /> of the sums se�ured by th�s Security Inst�u�nent by reasan of an}�dema�ad made by�he ori�;ina� Borrower�� <br /> any Successars in�n�e�•est of Borrower. Any farbea�-ance by Lendez- in exez-cising any righ�or remedy <br /> ir�cludi��g, withou���m��a��o��, Lender's accep�ance of pa�rments fram�hi�d pe�sflns, entities or Succ�ssors�n <br /> �n�erest af B�rrow�r❑r ir�amoun�s �ess tha��the amou��t t�ien due, shall not be a vvaiver of or preclude�.he <br /> exercise of any�•ight o�•�-emedy. <br /> 'I 3. Joint and Se�eral Liabii��y; �o-signers; 5uccsssors and Assigns Bound. Bo��rowe�•covenants and <br /> agr�es tha�Borro�er's ob��gati ons an d !i a�i 1�ty sh al l be j fli���a��d several. H awe�er, any Borrovver vvho <br /> co-signs�his 5�eu�•ity I���strument but daes t�ot e�ecu�e the Note�a"ca-�sig��er"�: �a} is cQ-signing th�s <br /> Secu���y Inst�•ument on�y�o mo�•tgage, g�•an�and conve�the co--signer's in�eres�in�he P�•oper�y und�r�h� <br /> terms�f�.his Securi�y�nstrume��t; �b}is not personall�ol�ligated to pay the sums se�ured lly��is 5ecurity <br /> I��s�rument; and�c} agrees�hat Lender and any�ther B�r�row�r can a�ree�a extend, �x�odify, for�ear or mak� <br /> any accatnmada�ions�vi�h regard tn the�er�ns of�his Security�nstrument or��e No�e v�ri�hau��he cQ-s�gner's <br /> consen�. <br /> Sub�ect t�the pr�visians of Sec�ir�r� �8, any Successar in Interest❑f Borrovaer who assumes Barrawer's <br /> olitigat�o��s under th��Secu�•i�y Instrumet�t i���v�•iting, and is approved by Lende�-, sl�a�l ob�ain a�� of <br /> Borravwet-'s�•igh�s and benef ts under this Secu�-��y�n�trumept. B�rrawer�ha�l not be relea�ed from <br /> Bo�ro�ver's obl�gations and liabitity under�his Securi�.y Instrument unless Lender agrees�o such reiease in <br /> wri�ing. The�o�e�7a��ts ai�d agreei�ents of�his 5ecurity I��s�ru���en�sl�all bind(except as pr�vid�d in 5ecti�n <br /> ��}and benefi��he success��•s and a�signs of Lender. <br /> 'I 4. Loan Charges. L�nder ma��ha�•ge Bo�•�•ov�e�•fees fo�•se�•vices pe�•fo�•med i�connect�on v�ith B�rro�er's <br /> defau�t, for the�urpose of protec�ing�.et�der's i���eres�in tl�e Property and ri�hts unde�•�his S�curit� <br /> �nstrurne�lt, tnc�udxn�, but no�limited ta, a�tot•neys' fe�s, praperty inspec�Yon and�alua�ior�fees. In regard to <br /> any o�her fees, �he absence of exp�•ess authori�y�n�his 5ecux•ity�ns�rument to charge a specifc fee ta <br /> Borrower shall nfl�i�e co��s�rued as a prohi'bi�ior�on �he chargi�ag of such fee. t,ender may na#.�harg�fees <br /> �hat are express�y p�-�hibited by this Security Ins�rument or�y App�icable La�u. <br /> 88tJ1581478 ���� 88�1581fl7B <br /> N��RASi{A-Si�}g!e Family-Fannie Mael�'re�die Ma�UN{FORM INSTR�MENT WITH M�RS Farm 3az8�lD� <br /> VM P e} VM P6A(NE��'f 3a2) <br /> Wolters Ktuwer�'inancial Services Page�1 flf 17 <br />