201404153 - Laserfiche WebLink

Browse

��14�4153 1�. Borrav►►er Nat Released; F�r�earanc� By Lender Nat a Wai►►er. Extens�on of�he�ime for payment or modificat�an of amor�izati�n of th�sums secured by �his Securi�y Ins�rument gran�ed by L�nder t� Borrov�rer or any Su�c�ssor�n�nterest of Borrovwer shai� not opera��to reieas��he�iability of Borr�wer flr any Succes�ars in�nteres�of Borr�wer, Lender shall not be required to cammence proc�edings agains�any Suc�essor in Interes�af Borrov�rer or to refuse to ex�end time fflr pa�men�or otherwise modify amor��zat�on of the sums secured by�h�s Securit� �nstrument by reasnn�f any demand made�� the origina� Borrower or any 5ucc�ssors in�n�erest of Borrovwer. Any forbearance b� I..�nder in exercis�ng any right or remedy �nclud�n�, withou�limitat�on, Lender's ace�ptanc�af�aymen�s from�hird persflns, entities or Success�rs in Interes�of Borrawer or in amounts less than�he amoun��hen due, sha1�n�t be a wai�rer of or prec�ude the exercise of any righ�or remedy. �3. Joint and Se�era[ L�ability; Co�signers; Successors ar�d Ass��ns Bvund. Borrower covenants and agrees that Borrower's obligat�ons and liabi�ity sha�l be joint and several. �aw��er, an� Borrow�r v�rho c�-s�gns�h�� Securi��r �nstrument bu�do�s not�xecu�e�he Nate�a "�o-signer"}: �a} �s c��signing this Security �ns�rumen�only to mor�gage, grax��and conve��he cowsi�ner's �nterest �n the Prap�r��under�he terms of this 5e�ur�ty �nstrument; �b} is no�personaiiy ob�igated�o pay the sums secured��his Secur�ty Ins�rumen�; and �c} agrees that Lender and any other Bflrrower can agree�o ex�end, modify, forbear or make any accommadat�ons wi�h regard t�the term�af�his Security �ns�rum�nt�r the Note without the co-signer's consent. Subject�o�he pro�is�ons af Sectian 1$, any Successor in �nteres�of B�rrower who assumes Borrower's obliga��ons under�his Securi�y �nstru�ment in writing, and is appro�ed b� L�ender, shal� ob�ain ali of B�rrov�rer's righ�s and benefits under this Securi�y Instrument, Borravver sha�� not�e reieas�d frnm Borrower's a��i�atians and 1�abili��under�h�s Secur�ty �nstrument unless Lender agre�s to such r�Iease �n writing. The co�enan�s and a�reemen�s of this Security�nstrument sha��bxnd �excep�as prov�ded in Sec��on 2�} and ben�fit the successors and assigns of Lender. '14. Loan Cnarges. Lender may�harge Barrower fees for sez-�v�ces performed in conn��tion with B�rrower's defau��, fnr the purp�se of pratect�ng Lender's �nterest in the Property and righ�s und�r�his S�curity Ins�rument, inc�uding, bu�no�l�mited to, a�t�rneys' fees, proper�y inspect�on and valua�ion fees. In regard�o any o�her fe�s, the absence of ex�ress author��y �n�his 5e�urity Ins�rum�nt�o charge a specifi�fee t� Borrov�rer shati nflt be construed as a proh�bition on the charging of such fee. Lender rnay n��charge fe�s �hat are expressly prahi��ted by�h�s Security Instrument or by App��cable Law. �f the L�an is subje�t t�a�aw v�hich sets max�mum laan charges, and that law is fina�� interpreted s� �hat the interes�or other�flan charges c�l�ected or to be c��lected in connection with the Loan e�.ceed the permitted Iimi�s, �h�n: (a} an� such�oan charge shall be r�duced b� �he amount nec�ssary to reduce�he charg��a the permi�ted limi�; and�b} any sums already c�I�ected from Bflrrow�r which exceed�d permi�ted ��mits wi��be refunded�o Borrawer. L.ender may choose�o make�his refund by reducing�he principa� ov�red under the Na��r by making a direct pa�ment�o Borrower. �f a refixnd r�duces pr�ncipal, �he r�du��an will be�reate�as a part�al prepa�men�with�ut an�prepaymen�charge (whether ar not a prepa�men�charge is prflv�ded far under the No�e}. Borrower's accep�an�e of any such refund made�y direct payment�o Borrawer w�ll cons�itu�e a wa��er of an� right�f action Borrawer migh�ha��arising au�n�such a�ercharge. �5. Nfltices. A11 nfl�ices g��en by Borrawer or L.ender in conn�c�ion w��h this Security �ns�rumen�mus�be in writing. Any nat�ce ta B�rr�wer in connec�i�n v��h this Security Instrument shali be deenled ta ha�ve been given to B�rrow�r v�rhen mailed by f�rst class ma�l ar when actuaily del�ver�d �o B�rr�wer's no�ice address if sent by other means. Notice to any one Borro�v�rer shall consti�ute notice to a�� Borrnwers unless Applicable Law expr�ss�y requir�s otherw�se. The n�ti�e address shall be the Proper�� Address un�ess Borro�er has NEBRASKA-5ingle Family-Fa�nie MaelFr�die Mac UNi�URM iNSTRUM�NT �orrn 30�8 11�i VMP� VMP6[N��i 3Q�} Wo[ters Kluwer�inancial Ser��ces Page 1 1 0#17