201603239 - Laserfiche WebLink

Browse

2� 1 ��3239 Secur��y Instrument,�vheth�r vr not th�n due. "�ppasing Pa.rty"mea�.s the thud par�y that owes�orr��ver Misc�llaneous Proceeds or the pa�rty a�ainst�vhom Borr�wer has a right�f action in reg�rd to Misce��aneous Pro�eeds. Borrowe�sh.all b�i.�defa��t if any a�tion or pr�ceedin�,whether�ivi1 or criminal, �s be�;un tha�,in Lender's judgment,could resu��n farfeiture of the Property or other ma��rial impairment�f I�ender's inter�st in the Property or r�ghts under thxs�ecurit}j Instrument. Bvrro�rer can cure such a default and, �f acceleration has occurred,re�ns�ate as pro�idet�in Sect��n I9,by causing�h�actian ar proc�eding to be d�smis�ed with a ruling that,in Lender's judgment,pre�ludes forfeitu��f the�'rop�r��r a�he�ma�t�r�al i�pairment of Lender's interest i.n the Property ar r�ghts under�h�s Security In�trument. The proceeds of any award or claim far datnages that are attributable to the xmpairm�nt of Le�nder's interest in.the�°'roperty are here�� assigned an�i sha1l be paid.to i.end.er. A11 Miscellaneous Proceeds that are not a�p�iec�to restoration or repair of the Property shall be app�ied in the arder prv�ided fvr in Sectian 2, '�2. �arrower Not Re��ased;Forbearan�eBy Le�derNot a Vllaiver.�xt�nsion of the ti�e f�r payment�r modificat�on af amor�ization of the sums�ecured by this S�Gurity Instrument granted by Lender to Borr�wer or any Succe�s�r in Interest of Borro�er sha��not operate t�release the l�ability Qf�orro�ver or any ��ces��rs in interest of�3orrower.Len�er�hall n�t be required to commen�e proceedings a�ainst an� Suc�essor in Interest of B�rrower or to refuse t�extend��m�for gaym��at or�ther�vise madify amorti�ation of the sunls secured by th�s Securi�y Instrument by reason�f any d�mand made by th�e�rig�nal Borro�ver or any�uccessors in Interest of Borrow��r.Any forbearance by Lender in e�ercising any right or remedy including,�vithout lim��ation,Lender's acceptance of payn�ents fra�n third�ersons�e�titi�s or Su�eessors in Interest of Borrower or in amounts�ess than the amount then due,sha11�.ot be a waiver of or prec�ude the �xercise of any r�gh�or remedy. 'I 3, Jvint and Se�eral Liab�lity;Co-signers;Succe�sorsa�nd Assign�Bound.Borrower covenants and agrees that�orrowert�abligations and liability sha11 be joint�.nd se�eral.However,any�orro�v�r�vho co-signs this Security Instrument but d�es n�t execute th��Iot�[a"�a-signe�"): �a}�s cv-si��ing this Secur�ty Instrument only to martgage,grant and�onvey the co-signer's interest in.the Property under the terms of this Security Instrum�nt; (b)is not personally ob��gated to pay the sums secured by this Securi�y Inst�ument;a�d(c�agre��that Le�.der an�any other Borr��er�an agr�e to extend,mnd�fy,forbear or make a�y accommadations with regard to the terms of th�s Security Instrument ar the Note with�ut the cv-s�gn.er's consent. Subj ect t�th�pr��risions of�ection 18,any Successor in Interest�f Borrower�ho assumes�vrrower's ob�ig�tions unr�er this Security Ins�rument�n�vritxng,and is appr�ved�y Lender, sha��ob�ain a�l of Borrow�r's righ�s and b�nefits under th�s Sec�rity I�s�rum�nt.B��-rower sha��not be re�eased f�om Borro�ver'�obligations and liability under this S�curity Instrum�nt unless Lender agr�es to such rele�se in writing. The cavenants and�.greements of this�ecurity Instrum�nt sha11 bind�except as pr�v�ded in S�ction �Q}anc�b�nefit the success�rs and as��gns of i�end�F. 'I�. �L�an�harges.�.ender may charge Borr�wer fees for servi�es performed in cannection�ith Borro�ver's defau�t, for the pur�ose of protecting Lender's�nterest in the Property and r�ghts unde�thi�Security Instrument, i�ncluding,bu�not Iimited to,attorneys'fees,groperty�nspection and�aluation fees. In reg�rd to any other fees,th�absence of express authority�n th�s�ecur�ty Instru.ment to charge a specif c fee to �o�-�rower sh�a�l n�t be cons�ru�d as a prah.ibition on t�.e chargin�of such fee.L�n.der may not charge fees that ar�expressly prohibited by this S�curity Instrument or�y App�ic�ble Laur. hIEBRASI{A-5i�gl�Family-Fannie MaelFreddie AAac�NIF4RM 1NSTRUMENT WITH MEF�S Fosrn 343��414� VIVIP� VMP6A�NE){1302}.QQ Waiters Kluwer Financlal Seniice� Page 11 of i7 q 335 1$2�9$ U�33 371 1117