201501045 - Laserfiche WebLink

Browse

��15�1�45 'I�. Borrawer Nvt Released: F�rb�aran�e By Lender Nat a 'Waiver. Ex�ension of�he tim�e for paymen�or modificat�on of amortiza�ion of the sums se�ured by th�s Securit� �ns�ru�x�en�granted hy Lender to Barrovver ar any Successor in Interest�f Barrower shall nat operate to rel�ase�he�iab�l�ty af Borr�wer or an� Successors in Interes�of B�rrower. Lend�r shall nat be requir�d to comm�nce pro�eedings agai�s� any Successor in Interest of Borrower�r t�refuse to ex�er�d�ime for paym.en�or othervvise madify amor�iza�ion of�he sums secure�by�his Se�urity Instrum�nt by reasan of an�d�mand made by�he original Borrower ar any Successors in In�erest of Borrow�r. Any forbearance b�r Lender in exercising any r�ght ar remedy in��ud�ng, without 1�mita�ion, I.ender's acceptance of pa�m�n�s froz�n�hxrd persans, ent�ties or Successars in Xn�eres�of Borrower or�n amounts less than the amoun�then due, sha��no��e a v�ai�er�f nr pr�clu�e�h� ex�r�ise af any righ�or r�medy. 7 3. Ja�nt and S�►reral L�ability; Co-signers: Success�rs and Assigns Bvund. B�rro�ver covenan�s and agr�es that�orrower's obligat�ons and l�ab��ity sha�l be join�and severa�. Hov�ever, any Borrow�r wha co--s�gns this Secur��y �nstrumen�but does not execu�e�he Nnte(a "co-signer"}: �a} �s co�sign�ng�his Se�ur�ty Zns�rum�n�on�y�o mar�gage, gran�and con�ey�he cn-s�gner's interest in the Proper�y under the ter�ns of�h�s Securi�y Ins�rument; �b� is not persana��y ab��gated�a pay�he sums secured by this Se�ur��y �ns�rumen�; and�c} agrees tha�Lender and any ather Barr�w�r can a�ree�a extend, modify, forbear or�nake any accommoda�ions v�ith regard tfl the terms�f th�s S��uri�y Instrument or th�No�e wi�hau�.�he co-s�gner's � consen�. : .�. - Subject to�he provisions of Sect��n �8, any Successor in�nteres�of Borrower who assu�mes Borra�rer's � ob1��a��ons under this Securi�y�n�trumen�in v�rriting, and is approv�d by Lender, sha�� ob�ain a��f � i Borrower's righ�s and benefits und��th�s Se�ur�ty �ns�rumen�. Borrower sha��not�e re�eased fram � Borrower's ab��ga��ons and��abil�t�r`�.�nder th�s Securi��r�nstrum.ent un�ess Lender agrees to such r�l��.�e in writing, The covenants and agreemen�s of�his Securi�.�r�nstrunzen�sha��ind �excep�as provided �n Se�t�on �D} and hene�t th�suc��ssor�and assigns�f Lender. 'I4. L�an Charges. Lender may charge B�rrflw�r fees far serv�ces perfflrmed in�onn�c�ion wi�h Borrower's defau��, for�he purpose of pra�ec�ing Lend�r's interest in�he Proper�y and righ�s under th�s SeCuri�� Instrum.en�, including, but not 1imi�e��, a�torn��s' fees, proper��inspec�xon and�alua��on fe�s. Zn regard to any o�her fees, the absenc�of e�press au�hor�t�in�his Securi�y Ins�rumen��o charge a sp�c��c f�e�o Barrov�er shali not be canstrued as a proh�bi��on on�he charging of such fee. Lender may n�t charge f�es that are expr�ssly prah�bx�ed by�ais Secur��y �ns�ruxnen�or by AppXicab�e Law. If the Loan is subject to a la�v which sets maximum�aan charges, and�ha��av� is f�nally in��rpreted sa�ha� �he in�erest or�th�r��an�harges co��cte�i or�o be c��lec�ed �n c�nn�ct�on�rith�he Loan�xceed�he perm�t�ed �imits, then: �a} any such��an charge shall be r�duced by the amoun�n��ssary to r��.uce the charge t�the permitted�imi�; and�b� any sums a�ready c��ect�d from Borraw�r wh�ch exc�eded permitted limi�s wx��be r�funded to Borrawer, Lender may choose�o make t��s refund by reducing�he pr��cipal owed under the Na�e or by making a direc�payment to B�rrower. If a refund reduces pr�nc�pa�, the reduc�xon.�iil be treated as a par�ia�prepaymen�wi�hout any prepaymen�charg��w�ether or nat a prepaymen�charge�s pravid�d.f�r und�r the N�t�}. Borrawer's acceptance of any such refund made by direc�paymen�to Borrower w�� cons�i�u�e a wa�ver of any righ�of act�on Borr�wer migh�have ar�s�ng out of su�h overcharge. 7�. Not�ces. AI�nfl��ces given by Borrov�er or Lender�n conn��on with th�s Security �nstrumen�must be�n wrx�xng. Any n��ice�o B�rrower in�onnection v�rith�.is Security �ns�rumen�shali be deemed�o�.a�ve been g�ven t�Borr�wer when mailed by �rst class ma�l or when actually del��red�o Borrower's no��ce address �f sent�y ather means. N��e�o any�ne Borrawer sha�l cons�itute no�ice to a�� Borra�vers un�ess Appl�cabie Law expressly r�qu�res�therw�se. The na�ice address shall be the Pr�pert� Addr�ss unless Borrower has NEBRASKA-Singte Family-Fartnie MaelFr�ddie Mac UNIF�RM INSTRUMENT Form 3428�1�� VMP� VMP6tN�f{13Q2y Wolters Kluwer Financ�aE 5er�ices Page'��of 17