201508598 - Laserfiche WebLink

Browse

2� 15�8598 ��. Bnrrow�r Not Released; Farbearance By Lender Nat a 11'�lai�er, Extension of�h��me for payment or madi�ca��an of amortization of the sums secured b��his Security Ins�rumen�granted by Lend�r�o Borrower or any Success�r in Interes�of Bflrrovwer shail not operate to releas��he�iabii�ty of Borrower or any Su�cessors in �n�eres�af Borravver. Lender shall na�be required��commenc�proceedings against any Successor�n�nterest af Borr�wer or�n refuse�o e�tend tim�for pa�rment or�therwise modify amort�za��on af the sums secured b�r th�s Securit� �nstrument by reason of any demand made by�he orig�nal Borrower or any Su�cessors in�nterest of Borrov��r. Any forbearan�e by I,�:nder in exercising any righ�or remedy includin�, �vi�hout limitation, Lender's acceptance of payments from�hird persons, entities or Suc�essors in Interest of Barrower or in amounts �ess�han�he amoun��hen due, shall not be a waiver af�r preclude�he exerc�se o f any right or remedy. '[3. Jaint and Se�eral Liabi�ity; Co-signers: Su�cessors and Ass�gns Baund. Borro�er�o�enan�s and agrees�ha�Borrov�rer's obligat�ons and liability sha�I be�oin�and sev�ral. However, any B�rrower who c�-signs this Secur�t� �nstrumen�bu�does n�t execu�e the No�e �a "c�-s�gner"}: �a} �s cfl-signing�his Secur�t� Instrument on��r to mor�gage, gran� and con�e� th�coWsigner's �nter�st in�h�Pr�p�r�y under the �erms of�his Security Ins�rument; �b} is no�personally o��igat�d to pay�he sums secured by th�s Securi��r �nstrum�n�; and �c} agr�es tha�L.ender and any n�her Borrower can a�ree to ex��nd, modify, forbear ar make any accommadations with regard�o�he t�rms of this S�curi�y �ns�run�ent or�he Note�uithout the co-signer's GDnS��t. Suhj�ct to the pro�isions af Sec�ion �8, any Successor in�nterest of Barro�er who assumes B�rrov�er's obi�ga��ons under this Security Instrument in writing, and is appro�red by Lender, sha�l o�tain all of Borrower's rights and�enef�ts under this S�curit� �ns�rumen�. Borrower shai� nat��re�eased from Borrovver's abligations and��a�i��ty under this Secur�ty Instrument un�ess L�nder agrees�o su�h release in wr�ting. The covenan�s and agreements of this Secur�t� �nstrumen�shall bind �except as pro�xded �n Se��ion �Q} and benef�t the successors and ass��ns of Lender. �4. Loan Gharges. Lender ma�charge Borro�vver fees for ser�ic�s performed in connection wi�h B�rr�v�rer's defau�t, for th�purpos�of pra�ect�ng Lender's interes� in the Proper�y and r��h�s under�his Securit�r Ins�rument, �nclud�ng, but not l�m.ited to, att�rneys' fees, proper�y inspection and�raiva�ifln fees. �n regard�a any��her fees, �he absenc�of express authority �n�his Secur�� nstrument to charge a spec�fic fe��o Borrower shall no�be cons�rued as a prohib�tion an the c�.arg�ng of such fee. Lender may nat�harge fees �hat ar��xpressly proh�b��ed�y this Securit� �nstrument or by App�icable Law, �f the Loar��s subjec��a a lavv wh�ch sets ma�imum loan charges, and tha� la�r is f�nally in�erpreted so tha� �he in�erest or other�oan c�arges col�ec�ed or�o be collected �n�annec�ion wi�h the Laan ex�eed the permi�ted l�mi�s, �hen: �a} any such loan charge sha�l ��reduced b� �he amount n�cessary to reduce�he �harg�to the permitted �imit; and �b} an� sums a�ready co�le��ed from B�rrower v�hich exc��ded permi�ted Iim�.ts wi��be refund�d to Sarrow�r. Lender may choo�e to�make this refund by reducing the princ�pal owed under�he No�e ar�y mak�ng a direct paymen�ta Borrower. �f a refund reduces principal, the redu�tian will �e trea�ed as a part�al prepaymen�without any pr�payment charge�v�rhether or no�a prepaymen�charge is pra�v�ded for under�he N�te�. Borrower's acce�tanc�of an� su�h refund made��dire�t payment to Borrawer wii�cons�i�ute a vvaiver of any r�ght�f ac�ian Borrower migh�ha�e arising out of such o�ercharge. '�5. Natices. AIl not�c�s g��en b� Borrawer or Lender in conne�tian w��h�s Security �nstrumen�must be�n v�rri�ing. Any noti�e to Borrower�n conne��ion w�th th�s Securit��ns�rument sha�� be deemed�o ha�e been given�o Barrov�rer v�hen mail�d hy f�rst class mail or when actuali�de�i��r�d to B�rrower's not�ce address if . sen�by a�her means. Notice�o an�ane Borrow�r shall c�nst�tu�e not�ce to a�i Borrowers un�ess Appiicable Law express�y requ�r�s o�herwise. The notice addres� shai�be�he Property Address un�ess B�rr�wer has NEBRASKA-SingEe�am€ly-Far�r�ie MaelFreddi�MaG UNI�DRM 1N5TRUM�NT Form 34�8 11�1 VMP Q V�Pa�e 1 1�f�7� Wv�ters Kluwer Fir�ancial Ser�ices � 9