201503338 - Laserfiche WebLink

Browse

��15�3335 'I�. Borrawer Nat Released; Forbearance By Lend�r Not a Vlla��er. Extension of th�time for payment or modification of amor�izat�on�f the sums secured by this Secur�t�r �nstrument granted by Lender ta Borrower or any SuCcessor in Interest of Borrower sha�� no�nperate to r�leas��h�liabili�y af Borr�wer�r any Su�cessors in �n�erest of Borrower. Lender shal� no�be requir�d�o commence proceed�ngs a�a�nst any Successor in�nteres�of Borrower or to refuse to extend time for paymen�or�therv��se mad�fy amar�ization af th�sums secured�y thi� Secur�ty �nstrument��r r�ason of an� demand nzade by the�rigznal Borr�wer ar any Successors in In�erest of Borravver. Any for�earance by L.�nder in exereis�ng an}� right or remedy inc�uding, vvith�u��imitati�n, Lend�r's acceptance af pa�men�s fram third persons, ent�t�es �r Successars �n �nteres�of Borrower or�n amounts less than the amaun��hen due, sha�l not be a waiver of or preclude the exercise of an� r�gh�or remedy. � �3. Jvint and Se►vera� Liabi�ity: Co�si�n�rs; Successors and Assigns Bound. Borrower c�venan.�s and agrees that Borrower's ob�i�ations and liabi�ity sha��be j��n�and se�veral. However, any Barrou�er�ho c�-signs this Secur�ty �nstruxn�nY but do�s not execute the No�e�a "co-s�gner"}: �a} �s ca-s�gning�his Security Instrument only to mor�gag�, �ran�and c�n�ey the co-s�gner's interes� in the Proper�y under the �erms of�his Securi�� nstrument; tb} �s not pers�nally obligated�o pay�he sums se�ur�d��this Security �ns�rumen�; and ��} agrees�ha�Lender and an.y�ther Borrower can agree ta extend, mod�fy, forbear or make an�acc��nmodati�ns with regard�o the t�rms af this Secur�ty �nstrument or the No�e withou�the co-signer's cansen�. Sub�e��o the pro�isions of Sect�on 1S, any 5uc�essor in In��rest of Borr�wer wh� assumes Borrov�er'� abi iga�ians und�r�h�s S�curity �nstrument in wr�t�ng, and is approved by Lender, shall obta�n all of Borrawer's righ�s and�enef�ts under th�s Se�ur�ty Instrum�n�. Borr�w�r shall nat�e released from Borrower's ob�iga��ons and I�abili��under this SeGurity Ins�rum�nt un��ss Ilender agrees to such re�eas��n wr��ing. The covenants and agreements af t�.is Secur�ty �nstrument sha��bind�e�c�p�as prn��d�d in S�ct�on 2D} and�eneti�the su�cessors and ass�gns of I.end�r. 14. Laan �harges. Lender may charge Borr��er fees for services performed in connect�on with Borrow�r's default, for�he purpose of pro�ect�ng L.�:nder's �nterest�n�he Prop�rty and r�gh�s under this Securi�� Instrumen�, including, but nat limited to, attorn�ys' fe�s, prflper�� n�pection and�aluation fees. �n regard�� an�other fees, �he absence of�xpress auth�ri�� in�hi� Secur��y �ns�rument to�harge a specific fee�o Bflrrovver shall no�be construed as a prohibi�ion�n the charging of such fee. Lender may n�t charge fees that ar�expressly prohibi�ed b�this Securit�r�ns�rumen�or by Applicab�e Law. �f�he Loan�s �uh�ec�to a Iaw�hi�h sets maximum loan charges, and tha��aw �s �nally in�erpreted sa that t�ae interest or other loan charges col�ec�ed or ta be��llec�ed in connection w�th�h�Loan exceed the �erm��ted l�mits, �hen: �a} a�ay su�h��an charge shal�b�reduced�y the amount necessar�r t� reduce�he charge to the permitt�d Iim��; and �b} any sums alread�collected from Borrovv�r which exceeded permi�ted �xmits will be refunded ta Borrower. Lender may choose to make�his refund by reducing�he princ�pal owed under�he Note ar by mak�n� a dir�ct pa�men��o Borrower. If a refund reduces principal, the reductian w�� be tr�a�ed as a par�ial prepayment wi�hout any pr�paynzent charge�whe�h�r�r no� a prepayment�harge is prov�ded far under the N�te}. Borrower's ac�eptanGe of any such refund made by direct paymen�to B�rrower will const��ute a v�raiver of any r�ght�f action Borrower nught have arising ou�of su�h o�ercharge. 15. Notic�s. A�1 not�ces giv�n by Borrower or L,ender�n connectiQn vvith�his Security Ins�rument nlust be in vvr��ing, Any notic��o Barrawer in cannection with�h�s Securit�r �nstrument shali b�deemed to have been g�ven to Borrow�r wh�n�nax�ed by f�rs�c�ass ma�l nr when aGtuall�de��rered�o Borrower's no�ice address if sent by�th�r means. No�ice�a any one Bor�rower sha�i consti�ute na�ic�to al� Borrowers unless Appiicable La�expressly r�qu�r�s atheru��se. The nat�ce address sha��be the Prop�rt� Address unl�ss B�rrov�rer has NEBRASKA-Si�g1e�arniEy-�annie Mael�reddi�Mac UNl��RM INSTRUM�NT �orm 3D28�101 VMP� VMP6�NEJ{7 3fl�f Walters Kluw�r Financia!Ser�ices Page�1 af 17