201502762 - Laserfiche WebLink

Browse

��15��7�� ��. Bo�rawer Not Re�eased; Farbea�ance By Lende� Nat a Wa��r. Ex�ension of the�ime for pa�ment or modi�cati�n of amortizati�n of�he sums secured by�h�s Security �nstrumen�grar�ted b� Lend�r to Barrower or any Successor in �n�er�st of BQrr�wer sha�l not operate�o release the l�a�ility of Borrow�r or any Suc�essors in�n�erest nf Borrower. Lender shali not be requir�d�a c�mmenc�proceedings against an}� Succes�or�n�n�eres�flf gorrower or to refuse to extend t�me for payment�r otherv�rise mod�fy amor�izat�an �f th�sums secured b��his Security�nstrument�y r�ason of any demand made by the or�g�na� Borrower or any Suc�essors in Interes�af Barrower. Any forbearance by Lender in�xercising an�r right tir r�medy �ncluding, v��thau�l�mitation, Lender's acceptance of pa�ments from third persons, enti�ies or Successors in �n�erest�f Barrov�rer or in amounts less�han the amount�he�due, shal�not be a wai�er of or prec�ude the exercise of any right or r�n�edy. �3. Jr�int and Ser�eral Liability: Co-signers; Su�cessors and Assigns B�und. Borrower�ovenants and agrees that Borro�rer's ob�igat�ons and lia�bil�� shaii he�oint and se�era�. �owe�er, any B�rrower who co-signs this Se�uri�� ns�rument but d�es not execu�e the N��e�a "co-signer"}: �a} is co-signin�th�s Se�uri�y Instrumen�only to mortgage, grant and conWey the co-signer's �nterest in the Proper�y under the terms�f�his Securi�� nstrumen�; �b} �s nat p�rsonally obliga�ed to pay the sums secured by th�s Securit� �ns�rumen�; and ��} agrees that Lender and an�other Borrov��r can agree to extend, mo�ify, forbear�r make any accommadations with regard to�he terms o#'th�s Security Ins�rumen�or the Note without the co-signer's consen�. Subj�ct�o�he provisions af Sec�ion 18, an� Successor in�nterest of Barrovver who assum�s Borrow�r's ob��ga�ians und�r�his Securi�y �nstrumen�in v�riting, and �s appro��d b�Lender, �ha��obta�n a11 of Borrower's righ�� and b�ne��s und�r�his Security �nstrumen�. B�rrower sha�I not he re�eased from B�rrower's�b�igat��ns and �iabili��under th�s Secur��r�ns�rumen�unless Lender agrees to such re�eas�in wr�t�ng. The�o�enants and agreements of�his Securi�y Ins�rument shal�b�nd �excep�as pro�ided in Section �D� and bene�t�he successors and assigns�f Lender. �4. L�an Charges. Lender may charge Borrower fe�s fo�servic�s performed in connec�ion w��h Borrov�er's defauit, for the purp�se�f pr��ec�ing Lender's interes� in�he Property and rights under this Securit� �nstrumen�, including, but no��mited to, attorneys' fees, prap�r�y inspection and valuat�an fees. �n regard t� any o�her fees, �h�absence of express authar�� n�his Se�urit� Ins�rument to charg�a specific fee to Borrov��r shail n�t be c�ns�rued as a prohibit�on on th�char��ng�f such fee. L�nder ma�r not charge fe�s �hat are e�press�y prohibited by th�s S�curity �ns�rument or by App��ca�le La�v�r. If the Loan is su��ect�o a law which sets ma�imum loan charges, and�hat la� is �na�� xnterpreted s��ha� the interest or oth�r��an charges collec�ed ar�a be co�lec�ed�n�onnectian wi�h the Loan�xceed the permi�ted��mits, then: �a} any such�oan charg�sha11�e reduc�d by the amount necessary �o reduce�he charge�o the perm�.itted l�m�t; and �b} any sums alread�call��ed fram Borrower which exceed�d pern�i��ed Iimi�s wiil be refunded to Borrower. I.�nder may choase�o make this refund�y reducing the pr�nc�pa� awed under the N��e ar by making a direct paymen�to Borrawer. �f a refund reduces principal, the reduc�ion will be treated as a par�ia� prepa}�m�nt wi�hou�any prepa�ment charge �v�he�her or no�a prepayment charge is provided for under the No�e}. Borrower's accep�ance of an� such r�fund mad�by d�rect pa�ment to Borrovuer w�li const�tu�e a wai�er�f any right af act�on Bflrrower mi�h�have ar�sing ou�of such o��rcharg�. ��, Natices. A�1 notices gi�r�n by Borrower or Lender in cannec��on with this Security �ns�rument must b��n wri�ing. An�n��ice to Borrower in canne��an with this Secur�� ns�rument shall be d�emed tn ha�e been gi�ren ta Borrower when maited�y t�rs��tass rnail or v�rhen actua��y de��ered to Borrower's notice address if sent by a�her means. No�ice t�any one Borrower sha11 const�tute nati�e to al� Borr�wers unless Applica�Ie Law expressly requires otherw�se. The notice address sha�l be the Prap�rty Address un�ess Borrower has N�BRASKA-Sir�gle FamiEy-�annie MaelFreddie Mac UNIF�RM INSTRUM�NT Forrn 3[328�1Di VMP� VMP6[N�i t130�y Wo[tsrs K�uwer FinancEal Ser�i�es Pag�i�of 17