201404088 - Laserfiche WebLink

Browse

��14�4�SS "�2. Borrflwer Not Released; Farhearance By Lender Nat a Vlla��er. Extension of�he��me f�r paymen�or m�dif�cation of amartization af�he sums secur�d by this Securi��r Znstrument grant�d by Lender to Borrower or any Su�cessor�n Interest of B�rrawer sha11 no�operate to re�ea�e�h�liabili�y of Borrower ar an� Successars in�nterest of Borrower. Lender shall not�e required to c�mmenc�proceed�ngs against any Successar�n�nteres�of Borr�v�er or�a refuse to ex�end��me for payment�r otherw�se modify amortization of�he sums secured�y�his Secur��y �nstrument by reasan�f any demand made by�he or�g�nal Borrow�r or an�r Successors in�nterest of Barrower. Any forbearance b�r Lender�n e�erci�ing an�r r�ght or remedy �nc�ud�ng, without Iimitat�on, Lender's aGcep�ance of payments from third persons, �nt�t�es ar Suc��s�ors �n �n�eres�of Borrower or in amounts�ess than�h�amaunt then due, shall not be a v�a�ver of�r preclud��he exerc�se of any right or remedy. �3. Joint and Serreral Liabi�ity; Ca-s�gners; Successors and Assigns Bound. Borrower cov�nants ar�d agrees�hat Borrower's ob��ga�ions and liabi�ity sha�l b�j�in�and several. �awe�er, any Borr�wer v�h� coWsigns th�s Secur�t� �ns�rum.ent but dfl�s not execu�e the No�e�a "ca-s�gner"}: �a� is co�signing�h�s Se�ur�ty Instrument on�y to mor�gage, gran�and can�ey the c�-sign�r's �nteres� �n�h� Proper��under the terms of�his Security Znstrument; �b} is no�persona��y ab��gated�o pay�he su�ms secured by this Secur��y �ns�rument; and �c} agrees that Lender and any ather Borrflwer can agree�a�x�end, modify, forbear or make any accommodati�ns w��h regard to the�erms of�his Security �nstrument or�h�Note w��hout�he coMsigner's consent. Sub�ect ta�he pro�isions of Section 18, an�r Successor in�nt�r�st af Borrower who assumes Barrflwer's abl�ga�ivns under this SecUrity Ins�rurnent in wri�ing, and is appro�ed by Lender, sha�� obtain a11 of Sarrawer's righ�s and benefits under this Secur��y Instrumen�. Borrovver sha��no��e released fr�m Borrower's ob��gat�ons and I�ab�l�t�under�his Securit� �nstrument unl�ss Lender agrees ta such re�ease in vvrz��ng. The�ovenan�s and agreemen�s of�his Securx�y �nstrument sha��bind �excep�as provided in Section 2�} and benefit the succ�ssors and ass�g�s �f I.ender. �4. Laan Charges. Lender may charge Barrawer fees far services perfarmed in conn.ec�ion wi�h Borrow�r's defar��t, for�he purpos�of protec�ing Le�d�r's int�res�in�h�Prope�.y and rights under th�s S��uri�y �nstrument, inc�uding, but no��mi�ed to, at��rne�s' fe�s, property xnspection and�aluat�on fees. �n regard ta any ather fees, the absence of express author�ty in�his Security �ns�rum�nt�� charge a specific fee to Barrawer shali nat�e cons�rued as a proh�bition on the charg�ng of such fee. Lender may no�charge fees tha�are expr�ssly proh�bited by thi� Secur��y Ins�rum�nt or b�r AppXicab��Law. If the I.�an is subj�c��o a�aw wh�ch sets max�mum��an charges, and that�a�v �s f�nal�y �nterpre�ed sa�ha� th�interest or o�her loan charges collec�ed or to be col�ec��d in connec�ion v�ith�he Loan exceed�he permi.�ted�im��, th�n: �a}an�such�oan charge shal� be reduced by the amount nec�ssary�a reduee the charge to�he permitted �imi�; and ��} any sums already col�ec�ed from Bvrrflwer which excee�ed permitted �imits will�e refunded�o Borrower. Lender ma�chaase�o make this refund by r�ducing the prxnc�pal owed under the Nate or by making a d�rect pa�rm�n�to Bnrrower, If a refund reduces pr�ncipal, the r�duction v�ill be�reated as a par�ia�prepa�rmen�w��hou�any pr�payment charge�whether ar no�.a prepayment�harge is pro�vzded for under the Nat�}. Bo�rrower's accep�ance of any such refund mad�by direc�pa�men��o B�rrov�er�ill cons�itute a waiver of any righ�of action Borro�er might have arising ou�af such ov�rcharge. '[5. Notices. Ali no�ices g�v�n by Borrov�er or Lender�n cannect�on with thxs Security Ins�rument mus�1�e �n wr��ing. Any na��c��o Borrower�n connec��on v�ith this Secur��y Ins�rument shal�be deemed to have be�n g�ven�o Barrawer when ma�leci by first c�ass ma�l or when actuall�d�I��ered to Borro��r's n��ce addr�ss if sent by oth�r nzeans. Natice to any ane Borrovver sha�l constitute notice ta all Bflrr�vvers unless Appl�cab�e Lavv expressly requires o�herwYse. The no�ice address shal� �e the Proper�y Address un�ess B�rrower has NEBRASKA-Single Family-�anr�ie MaelFreddie Mac UNIFaRM tNSTRUMENT Form 3�28 110� VMP� VMPfitNE7{13�2y Wafters Kluwer Financiai Ser�ices Page 1 1 of'�7