201504944 - Laserfiche WebLink

Browse

��15�4944 "�Z, Barrower Not R�leased; Fvrb�arance By L�ender Nnt a 111taiver. Extensivn af the time far pay�men�or m�dification of amartizativn of the sums secured hy�his Securifiy Instrument granted by Lender�o Borrower or any Su�cessor in Interest of Borrav�er sha��nat vp�rate to release the liabi�it�of BQrrawer or any Successors in Interest af B�rrawer. Ler�.der shall not be required ta commence proceedings against any Su�cessor i��nter�st of�orr�wer o�tn refuse�a�xtend t��ne fo��aymer��a�ot�erwise xnoc�.�fy am�or�ci�atian af th�sums secured by this Security Instruam�nt hy reason af any demand made by the origina�Barrower or any Successors in Interest of Borrow�r. Any forbearanGe by Lender in�xercising a,ny ri�ht or remedy including,�vithou��imitation, Lender's acceptance of payments fr�m third persans, entities or Success�cs�n �n�e�rest of Borrav�er ar in amflunts less than the amount then due, shal�nat be a�va�ver of or prec�ud�the exercise of any righ�or remedy. "�3. Join�and Severai Liability; Co-s�gners; Succ�ssors an�Ass�gns Bvund. Borrower covenants and agr�es that Barrawer's obligation�and liaUi��ty shall be joint anc�severa�. �owe�er, any Barrower who ca-s�gns�his Secur�ty�nstrume�nt but does no�ex�cute the l�ote�a"ca-signer"}: �a)is��-sign�ng this Security�n�truament on�y ta m�rtgage, grant anc�convey the co-signe�r's interest in�he�'rop�rty under the te�rms of�his Security Ins�ru.ment; �b}is no#p�rs�na��y ab��gat�d ta pay the sums secured�y this Security Instrument; and�c}agrees that Lender and an�o�her Borrower can agree to extend, m�dify, fvrbear or make any acc�rnmvdatians w�th regard ta the terms af this Security�ns�ument ar�he�ate,w3ithou��he co-signer's ��n��nt. 5ub�ect#o the pra��sions af 5ectian�$, any Successar�n Interest af Borrvv►�er who assurnes Barrov�er's ab�i�a�i.ons und�r th�is Se�uri�Instr�unent in writing, and is appr�ved.by Lender, shall obtain al�af Borro�ver's rights and benef ts under this Security�ns�ument. Borrower$hall not be re�eased from Borrovver's obligatiuns and liab��ity under this Security�nstrumen�unless Lender agrees to such release tn writing. The covenants and agreernen�s of�his Securi�y Ins�rurnent sha��bind(ex�ept a.�provided in S�ct�on 2D�and�enefit the successors and assigns af�.ender. 'I 4. Laa n C h a r�ges. Lender may charge Borrower fees for serW�ces perfarrne�d in connec�ion with Barrov�er's default, far the pu.rpose of prate�ting L�nder's interest in�he Praperty an�righ�s under t�i�s Security �nstru�ment, including,�ut not limi�ed to, attorneys' fe�s, property inspect�on and�aluati�n f�es_ In regard�� any��her fees, the absen�e af express aut�aority in th�s Security Instrument ta charge a specific fee to Borrower shall not be c�nstrued as a prohibition on the charging of su�h fee. I�ender may not charge fees that are expressly prohibited by this 5ecuri�y�nstrument or by App�icable Law. �f the i,aan is subject to a law whic�sets max�imum]oa�c�aarge�, and�ia�law is final.ly interpreted so tha� �he interest or ather 1o�.n chasges ca�lected or to be co�lected in connection with the Loan�xceed the permitted limits, then: (a}any such loan charge�ha�l be re�uced by the amaunt necessary ta redu�e the charge to the permi�ted�imi�; and�b�any sums a�reac�.y callec�ed from Borro�ver which exceeded permi�ted linuts will be refunded t4 Borrower. Lender may choase tfl ma.ke this refund by rcducing the princ�pa��wed under the�'ote Qr by making a clir�ct payment to Bn�rower. �f a refund redu�es pr�nc�pa�, the reductian�vill be�reat�d as a pa,rtia�prepaymen�without any prepayment�harge�tivh�ther flr not a prepayment charg�is praW�ded for under the Note}. Borrower's ace�ptan�e af any such refund made hy direct paymen�ta Borrav�er wiil cons�i�ut�a wai�er of any right af action Barrov�er might ha�e aris�g aut of sueh o�ercharge. '��. 1Vt�#i�es. AlI n�tices given by�orrower or I�ender in�annectivn wi.�h�his Security Ins�rumen�must be in writing. An�notice tv Borro�er in connectian vv�th�his Security Instrument shail b�deemed to ha�e been given to Barr�wer when mailed by f�rst class mail�r when actually deli�ered tfl Borrawer's notic�address if sent by��her rneans. �atice�o any ane F3orrawer shall c¢ns�tute n�tice�o a��Barrfl�vers un�e�s App��cab1� Law�xpressly requires otherwise. T'he notice address�hat�b�the P�vperty Addr�ss unless P�rrawer has �3Qfl3T5?2� D VfiNE N�BF�4SKA-Si�gle Family-�ar�nie MaelFfeddie Mac UNIF�RM INSTRUMENT Farm 302�11�1 VMP� VMP��NE}�13D2) VIIQEtBI'S ICILIYV�C FE�I�nC]aI SBr11iCB5 Page 1� of 17