201501387 - Laserfiche WebLink

Browse

��15�1357 ��. Borrower N�t Re[eased; For[aearance By Lender Nat a 1llla�ver. Ext�nsion of�he time for paym�nt or modifica�ion af amortization of the sums secured by this Securi��Instrumen�granted b� I�ender to Borrower or any Succ�ssar in In�erest of Borrawer shal�no�operate ta re�ease�he�iabi�i�y of Borrower�r any Successors in �nterest af Borro�nrer, Lender shall not be required to commence proceedings agains�any Successor in Interes�of Bnrrov�rer or�fl refu�e�a extend �ime for pa�ment or othe�-v�r�se m�dify amort�za�ion of the sums secured by th��Secur�ty �ns�rumen�by r�ason of any demand made by �he or�g�nal Bn�-rower or an� Successors in �nteres�of Borrawer. Any f�rbearance�y Lender�n�xerc�sing any righ�flr reme�y �ncluding, v�r�thout Iimita�ion, Lender's accep�ance of payments fram�h�rd persons, en�i�ies or Succ�ssors in Interest flf Borrower�r in amoun�s less than fhe am�unt then due, sha11 no��e a v�ai�er o�'or prec�ud��he �xercise of any righ��r remedy. �3. Jv�nt and Se�eral Liabi[ity; �v�s�gners; Successors and Assigns Baund. Borrovver co�enants and agr�es�hat Borrawer's obligat�ans and�iabi��y sha�I be jo�nt and several. Howe�ver, an� Barr��ver who co-signs th�s SeGurity Instrument but do�s no�ex�cu�e�he Note�a "ca-s��ner"}: (a} �s c�-signing�hi� �ecurit�Instrument onl�r to mor�gage, gran�and conv��the ca-��gner's interes�in the Proper�y under the terms of�his Secur��y �ns�rumen�; �b} is not personal��r�b��gated to pay the sums secured by�his 5ecurx�y �nstrumen�; and �c� agrees �hat Lender and any ather Borrawer can agr�e to extend, modif�, forbear or make any acc�mmodati�ns wx�h regard�o the�erms of�his Security Instrument or the No�e w�th�u��he ca-signer's consen�. Subject t��he pro�isions of Sec��n �8, any Successor�n�nteres�af Borrower who assum�s B�rrflv�rer's nb�iga�ions under th�s Secur�ty �nstrumen�in vvri�ing, and is appr��ed by Lender, sha��bta�n a�I�f B��-rower's rights and benef��s under�his Secur�t�Instrumen�. Borrower sha��na�be re�eased fram Barrower's ob��gations and�iability under�his Security�ns�rument unless Lender agrees �o such re�ease�n writing. The co�enants and agreements af�his S�curity �ns�rumen�shall bind�except as pr��ided in Section �4� and benef�t�he successors and ass�gns of Lender. �4. Laan Charges. Ilender ma�charge Borrower fees for serv�ces performed in�annec�ifln with�orrower'� defau�t, for the purpose of pro�ec�ing Lender's in�erest in the Prflp�rt� and rights under this Security Instrument, including, but no��imited��, a�torneys' fe�s, proper�� inspect�nn and�aluation fees. �n regard to an�r other fees, th�absence�f e�pr�ss au�hori�� in�his SeGurity Instrument�o charge a sp�c�fic fee�o Borrower sha�� not be cflns�rued as a prohibi�ion an the charg�ng af such fee. I.ender may no�charge fees �ha�are express�y prohi��ted by th�s Security Ins�rument flr by Applicable Law. �f the Loan�s subjec�ta a lavv wh�ch s�ts maximum loan charges, and�hat lavv is final�y inter�re�ed so that �h��nterest or nther�oan charges collected or to�e collected in connec�ion v��th�.e Loan excee.�the perm�tted Iim��s, �hen: ta} any such loan charge sha��be re�.uced by the amount n��ssary�o reduce the charg�to the pe�t�ed Iimi�; and �b} any sums already coliec�ed from Barrower wh��h exc�eded permi�ted l�m.�ts wil�be refunded t� Borrower. L�nder may cho�se�o make this refund b� reducin�the princ�pal �wed under�he Note or�by making a direct payment to Bflrrower. �f a refund reduces princ�pal, the reduction wi�l he�r�ated as a par�ial prepa�men�urithout any prepa�ment charge �v�rhe�her or no�a prepayment charge�s pro��ded for under�he Note}. B�rrov�rer's a�ceptance af any such refund made��direc�paym�.en��o Borrower v�il�cons��ute a wai�er of any right of ac�io�Borrow�r m�gh�have arising out of such�v�rcharge. '1 a. Not�ces. A��no�ices gi�en by Borrov�rer�r L�nder�n connection v�ith�his S�curit� �ns�rument mus�be�n wr�ting. An�no��ce to Borrawer�n conn�c�i�n w�th��is Securi�y �nstrumen�shall b�de�me�i to ha�e been given to Borrower when ma�led by �rst clas�mail nr when ac�ua�Iy de��vered to B�rro�rer's not�ce address if s�n�by o�her means. N��ic�to any nne Bflrr�w�r sha��c�nst�tute no�ice to alI Borrowers unl�ss Applica�le Law express�y requires atherv��se. The notice address shal�be�he Prop�rt�Address ur��ess Borrower has N�BRASKA-SingEe��mi�y-�annie MaelFreddie Mac UNIFQRM iNSTRUM�NT Form 3p�8 1101 VMP� VMPfi{N�f��3423 Wa�ters Kluwer Financia�Ser�ices Page f�o#17