201404440 - Laserfiche WebLink

Browse

��14�444� ��. Borr�wer Not Re�eas�d; �orb�arance By Lender Nat a VI!'airrer. Exten�ian of the�ime for payment or modi�cati�n of am�r�ization of th�sums secured by th�s Security �nstrument granted by Lender�o Borrower or any Successor in�nterest af Borrower shall not�p�ra��o reiease the�iah��ty of�3orrower or any Su��essors in In�er�st of Borrawer. Lender sha11 not b�required�o cammen�e proceedings aga�ns�an� Successar�n In�ere�t of Borrov�rer or�a refuse t�ext�nd time for payment ar atherwis�modzfy am�rtization of the sums secured by�h�s Secur�ty �nstrument by reason of any demand made hy�he orig�na� Borro�rer or any Success�rs in�nter�s�of Borraw�r. Any forbearanc�by L.�nder in e�erc�s�ng an� right or rern�dy inc�uding, without limitation, Lend�r's a�cep�ance of paym�n�s from.third per�ons, ent�ties or Successors in �nterest of Borrower ar in amaunts Iess than�he amount then due, shali not b�a�ai�er of or prec�ude�he exer�ise�f ar�y righ�or r�medy. 'I3. Joint and Se�eral Liab��ity; ��wsigners; SuG�essars and Ass�gns Bound. Borrow�r cavenants and agrees tha�Barrow�r's�b�igations and liab�l�ty shall be j�in�and severa�. �3owever, any Barrower who �o-s�gns th�s Securi�y Ins�rument but daes n�t execute�he Na�e�a �'C�-S1g17��''f}: �a} is co-sxgn�ng�his Securit��nstru.ment�n�y t�m�rtgage, grant and c�nv�y the co-signer's in�erest in the Proper�y un�er�he �erms of this S��uri�y Instru.ment; �b} is n�t personally abligated�a pay�he sums secured b�this Securi�y �nstrument; and�c} agree��hat L,ender and any nther Borrov�er can agree�o extend, modify, forbear or make any accommoda��flns with regard to the terms af this Securzty Instrument�r�he Na��without�he c�-s�gner`s consent. � Subject�o the pro��sions of Section �8, any Successar an Int�rest of Borrower wh� assunaes Barrower's ob�igations under thzs Secur�ty Instrument in writing, and �s apprav�d�y Lender, shall �btazn a�� of B�rrawer's r�ghts and ben��ts under�h�s Secur�ty Instrumen�. Borrower sha�l nat be released fram Borrower's�b�igat�ons and�iab��i��r under th�s Secur�ty �nstrumen�unless Lender agrees tn such reiease in �vr��ng. The�avenan�s and agre�ments of th�s Secur��y �ns�rum�nt sha11 bind �except as provided�n 5ectxon ��and benefit�h�successors and assigns �f Lender. �4. L�an �harges. L�nd�r may �harge Borrower fe�s for services performed in connection w�th Borr�wer's d�fault, for th�purpose af pr�tectin� Lender's in�erest�n the Proper�y and ri�h�s under this Security �nstrument, inciuding, but not��m�i.ted t�, attarneys' fees, prap�rty znsp�ct�on and valuation fees. In regard ta any a�her fees, �he absenc�of e�press au�h�rity in�h�s Security Instrumen�ta charg�a specific fee to Borrawer shal�not b�construed as a proh�bition on th�charging of such fee. Lend�r may not charge fees �ha�are expressly proh�bited�y�his Security Instrument or by App��ca��e Law. �f�he Loan is sub�ect��a law which se�s max�mum�oan charges, and�ha�law is f�na��y�n�erpreted sa�hat �he�nteres�or ather�oan charges col�ec�ed ar to be co�lect�d�n Canr�e��i�n wi�h�he Laan exceed the permi�ted limi�s, then: ta} any such�oan charge sha11 be reduced�y th�a�maun�necessary�a reduce the charge�o the permi��ed�imit; and �b} any sums a�ready collected from Borr�wer which�x��ded permi�ted �im�ts w�il be refunded�o Barrow�r. Lender ma�choflse to make�his refund by redu�ing the pr�nc�pal �wed under�he Note or by makin�a dire�:�pa�ment�o Borrower. �f a refund reduces principal, the reduction w�� �e trea�ed as a partial prepayment without any pr�paym�nt Charge�whether or no�a prepayment charge is prov�ded for und�r the Note}. Borrower's acceptance of any such r�fund made by direct payment to B�rrower wi�l constitut�a waxver�f any r�gh�of ac�ian Borrnwer m�ght have ar�s�ng aut of su�h overchar�e. 'I 5. Not�ces. A�I notzces gi�en�y Borrower ar Lender in cannec�ion w�th�h�s Secur��y �nstrument must be in wr�ting. An�notice to Borrower in cannection wi�h�h�s Security Instrument shall be deem�d�o have been g��en to Borrower when ma�led by first class ma�l or when actua�iy d�l��ered�a Bnrrower's nat�ce address �f �en�b��th�r means. N��ice to any one Borrower sha��constitute na�ice�o a�� Barrawers un�ess Appli�able Law expressl� requires o�her��se. The notice address shall be�he Prape�y Address uniess Barrower has NESRASKA-Sing�e�amiiy-�annie MaelFreddie Ma�UN[FQRM INSTRUM�NT Form 302$1!D1 VMP U VMPfi�N�y 41342) Wvtters Kluwer�ir�a�cial 5er�ices Page 11 af 17