201503259 - Laserfiche WebLink

Browse

��15�3�59 ��. Borrower Not Re�eased; Forbearance By Lende� Nat a VIIa�Wer. �xtension of the time for paym�nt ar mod��ca�ion of amor�izat�on�f the surns secured by�his Securi�}� Ins�rumen�granted by Lender�o Borrovver ar any Successor�n�nterest�f Borrower shall na�opera�e t� re��ase the l�ab��ity of Barravver or any Su��essors in Interes�of Borrower. Lender shall nat b�requ�r�d�o c�mmence proceedings aga�ns�any Success�r in�nteres�of B�rrower or�o refuse�o extend tim�for pa�ment flr otherwise mod�fy amortiza�ion of�he sums secured by�h�s Securit� Ins�rumen��y re�son of an�deman�. mad�b}�the ori��nal Borrawer ar any Success�rs �n�nterest of B�rr�wer. Any f�rbearance b�Lender in ex�rcising an� right or remedy �ncluding, wi�hou��imitation, Lender's accep�ance af pa�rments fram third personss entit�es or Succ�ssors �n �n�eres��f Borrower or in amoun�s Iess than the amoun�then due, sha11 no�be a wa�ver of ar pre�lude the exer��se af any r�gh�or remedy. �3. Jo�nt and Se�era� L�ability; Cv-signers: Successors and Assigns Bnund. Borrav�aer ca�enants and �grees�hat Barrower's o�l�gatians and��ab�lit}� shall be j�in�and s��vera�. Howev�er, any B�rrow�r who co-s�gns th�s Security �nstrumen�but does not execute the Nate�a "��-sign�r"}: (a} is co-s�gn�ng�h�s S�curity Instrum.�nt only to mortgage, gran�and con�rey the c�-signer's �nteres� �n the Proper��under the ter�ms of this S�curit�r ��astrument; �b} �s not persana��ob��gated to pay the sums secured by this Securit� Ins�rument; an��c} agr�es�hat Lend�r and any other Borrower can agree to extend, mod�fy, forbear or mak� any accommoda�ions w�th r�gard t��he�erms of�his Securi�y Ins�rument or the Note withou�the co-signer's C�nS�nt. Su��e��to the provis�ans of Sec�ion �8, an� Successor�n�n�eres�of Borrow��-wh� assumes Borrower's obliga�ions under th�s Securi�y Instrument in writing, and is appro�ed by Lender, sha��ob�azn a�l of Borro�ver's rights a�ad t�enef��under this Secur��y �nstrumen�. Borrawer sha11 no�b�re��ased from gorrower's�bligations and l�ahi��ty under�his Secur�ty �nstrumen�unless Lender agr�es tfl su�h re�ease in wr��ing. The co�enants and agre�ments af th�s Secur�ty Instrumen�sha11 bind �excep�as pro�rided in Section Z�} and benefit�he successors and assigns of Lender. '14. Lvan Charges. Lender may charge Borrov�er fees f�r ser��ces performed in connectinn with Borrov5rer's default, for�he purpose of pro�ec�ing L.ender's interes�in�he Proper�y and rights under�his Se�urit� Instrument, including, but na�limi�ed to, attorneys' fees, property �nspectiQn and�aluatian fe�s. �n regard to any other fees, the absence of express au�hori��in th�s Securit}� �nstrumen�to charge a spec��c fee to Borrov�rer shall not be�ons�rued as a pr�hibi�ian�n�he charg�ng of such fe�. Lender may not eharge f�e� that are e�pre�sly prahihited�y this Secur�� nstrument or by Applicabie La�r. �f the I..�an �s subje�t�o a law v�rh�ch sets maximum�oan charges, and�hat Iaw is f�nally interpre�ed so tha� the in�erest or o�her�oan charges cflllec�ed or to be co�lected in conne��on with the L�an exceed�he pernu��ed l�m��s, �hen: �a} any su�h loan charge sha�l �e reduced�y the amount necessary�o reduce the charge to the permit�ed limi�; and �b} any sums alread�collected�ram Borrower wh�ch ex�eeded permitted l�mits vvi11 be refunded to Borr�wer. Lender ma�choose�o make th�s refund by reducing�he prin�ipaX owed under the Note or by making a direct pa�ment�o Barrawer. �f a refund reduces pr�ncxpal, the reduction wi�� b�treated as a partia�prepaymen�wi�hou� an}�prepayment cha�-ge �whether or no�a prepa�ment charge is provided fo�r und�r th�Note�. Borrawer's acceptance of any su�h refund made b�dir�c�paymen��o Borrawer wi�I cons�itu�e a v�a��rer af any righ�of action Borrower migh�ha�ve arising�ut af such o�ercharge. �5. Not�ces. AI� notices given b}� B�rrovver or Lender in c�nnectian wi�h�his Securi�y �nstrumen�must be in vvriting. Any not�Ce to Borrower in conne��ion wi�h�h�s Security Ins�rument shall be deemed�o have been given�o Borr�vver when ma��ed hy f�rs�ciass ma�l or when ac�ually d��ered to Borrawer's natice address if sent by o�her means. Noti�e�o any one Borro�rer shall cons�itute notice to aI� Borrowers un�ess Appli�able Law expressiy requir�s oth�rwise, The no�ice address shall be the Pr�per�� Address u��ess Borrower has NEBRASKA-5�ngle�amily-�annie MaelFr�ddie Ma�UNlF�RM INSTRUMENT Forrri 3428 11Q'� VMP Q VMP64NE)�13d�f Walters K#uwer�inancial Ser�ices Page 1 1 af�7