201501365 - Laserfiche WebLink

Browse

��15�13�5 '1�. Borrvwer Not Re[eased; For�earance gy Lender Not a 1Nai�er. Extensian af�he�ime for payrx�ent or modificat�on of amor��za��an of�he surns secured hy this Securit� Instrument granted by Lender to Borrower or any Successor in Interest of Borr�wer shall not�pera�e to release the 1�abi�i�y of Borrawer ar any Suc�essors in Interes�o�Borrovv�r. L�nder shal�n�t be required to commenc�pro�eedings against any Successor�n Interest�f Borrower or�a refuse to ex�end�ime for payment flr o�herw�se m�dify amor�iza��on of the sums secured by�h�s Security �nstrument�y reason af any denzand made by�he orxginal Borrower or any Successors in�n�erest af Borrower. Any for�earanc�b�Lender�n exercising any r�gh�flr remedy including, wi�hout l�mitation, Lender's acc�p�ance of paymen��from th�rd person�, en�i�ies or Succ�ssors �n Interest of B�rrower or�n amounts less than the amaunt�hen due, �hall nnt be a�va�ver of ar pr�clude t�e exercise of an�right or reme�y. 'I 3. J�irtt and SeW�ra� Liab��ity; ��wsigners; Su�cessvrs and Assigns Bound. Borrower covenan�s and agr�es tha�Borrower's ob�igatians and 1iab��ity s�a1�be join�and several. However, any Borrower who co-signs t��s Securi�y �ns�rument bu�d�es��ex�cu�e�he Note�a "ca�s�gn�r"}: �a} is co�sign�ng th�s 5ecurity �ns�rument on�y�n�rnor�gage, gran�and�onvey�.he c�-s�gner's �n�er�st in the Prap�r�y under th� terms of t�is Security�ns�rumen�; �b} is nflt persanally obiigated to pay the sums secured�by�his �ecuri�� Instrument; and�c} agrees�ha�I.ender and any oth�r Borrov�er can agree to ex�end, m�dify, forbear�r ma.k� any acc�mmodatians w��h regard to the terms of�h�s 5ecurity Instrument�r�he No�e with�ut�he caWsigner's cansent. Sub�ec��o th�pro�isions of S�ction 18, an� Successor in Interest af Borrower w�a assurn�s Borrower's ob�iga�ians under�his Security Ins�rumen�in wri�ing, and is appro�ed hy Lender, shali flb�ain a�l o� Borrower's r�ghts and bene�ts under th�s Security �nstrumen�. B�rrow�r shall not be re�eased frarn Borr�wer's ob��gations and lia��li��und�r�his Secur��y �ns�runlent un�ess Lender agrees t� such release in v�rr��ng. The covenants and agreements of this Security �nstrument sha�l bind�excep�as prov�de� in Sect�on 2��and benef�t�he successors and ass�gns flf I.ender. '14. Laan Charges. Lender may charge Barrower fees for ser�ices perf�rrn.ed in conne��ion with Bo�rower's defau�t, for�he purpase of pro�ec�ing Lender's in�eres��he Prapert�and rights under�his Secur�t� �ns�rumen�, including, bu�no�limi�ed to, a�torneys' fees, proper�y inspec�ion and�a�uat�on fees. �n regard to an�ather fees, �he absence�f expr�ss authnri�y in this Se�uri�y �nstrument�o charge a specific fee�o Borrower sha�l n��be construed as a prohibition on�he�harging of such fee. Lender may not charg�fees that are expressly prah�b�ted b�fhis �ecuri��nstrumen�or by Appl�ca��e Law. �f the Loan is sub�ect�o a lav�v�hich sets ma�imum loan charges, and�hat�aw is f�na��y�n�erpreted so�ha� the�nt�r�s�or o�her�oan�harges cai��cted or to be cn�lected in connect�on vvi�h the L,aan exceed�he permitted �imi�s, then: �a} any such�oan charg�shail be reduced by the amount n�cessary ta r�duce�he charge to the permi��ed I imit s and�b} an� sums already�ol�ected from�.Borrower which exceeded permitte� Iim�ts�ill be refunded�o Borrov�er. Lender may choose t� make�h�s refund by reduc�n��he principa��wed under the No�e or by mak�ng a dire��pa�men�t�B�rrower, If a refund reduc�s principal, the reduc�ion wi�I be treated as a partia�prepa�rnent w�thout any prepayment charge�v�hether or nat a prepayment charg�i� provided for under the Note}. Borrower's a�ceptance�f any such refund made b�direct paymen��o Borrov�er wi�i consti�u�e a wai�er of any r��t of ac�ion Barrawer might ha�e arising out of such o�rer�harge. "�5. N�t�ces. A��no��ces g�ven b� Borrower or Lender in connection w�th this Security Instru�nent must be in wr�ting. Any notic�to Borrower in cannec�ion v�r�th�his Securit�r �ns�rument sha��be deem�d tfl have been given�o Borrower when mailed b� first c�ass maii or when actual�y d�ii�ered to Barravver's nfl�ice address if sent by other means. Notice�a an�one Borrower shal�c�nstitute notice to a11 Barro�rers uniess Applicable Law e�press��r requ�res o�herw�s�. The not�c�address sha�I be th�Proper�y Address unless Barr�w�r has N�BRASKA-Singl��amily-Fannie MaelFreddie Mac UNIFORM INSTRUM�NT �arm 3��8�1Q� VMP� VMPB�NEf��3Q�f Wolters Kluwer Finar�cial Ser�ices Page 1 1 af"!7