201603477 - Laserfiche WebLink

Browse

2� 1 ��3477 ��, Borrvwer Not Re�eased; Farbearance By Lender Nat a �IVai�er. Ex��nsion of�he time far paymen�or modxfication of amar��zat�an of�he sums secured�y �h�s Se�urity �ns�rument gran�ed b� Lender to Barrower or any Successor in�n�erest of Borrow�r shall no�operate�� re�ease the�iab�lity af Sorro�ver ar an� Success�rs in�n�er�st af Barrower. I.�end�r shall no�be requ�red�o commence pr�ceed�ngs agains� any Successor�n�n�eres�of Borrower or�� refuse to e��end��me for paym.ent�r a�h�rwise modify amor�xza�ion of�he sums secured by th�s �ecurity Instrumen�by reason of an�demand made�y the orig�nal B�rrower or an� Successor� in�nterest of Barrower. Any forbearance by L�nder in exerc�sing any r�ght or remedy inc�ud�n�, v��thou��im�.�at�on, Lender's accep�ance of paymen�s fram third persons, en�i��es or�u�C�ssors in In�erest af Borrawer ar�n amounts less than th�amoun��hen due, shal� no�be a wai��r of�r prec�ude�he exercise of any righ�or remed�. '!3. Jaint and SeWera� L�ability: Cv-signers; Succes�ars and Assigns Bound. B�rr�wer covenants and agrees that Borrov�er's obligat�ons and��ab�i�ty sha��o�n�and se�eral. Hov�ever, any Barrower who co-signs�is Se�ur��y�nstrument bu�does no�execute�he Nfl�e�a "�o-s�gner"�: �a} �s co-sign�ng this Secur�ty�ns�rument anly�o �nor�gage, grant and convey�he co-signer's xn�erest�n the Property under the �erms of�his Securi�y�ns�rument; ��} is no�personal�y obiiga�ed to pay�he sums secured by�h�s Securi�� �nstrument; and �c� agrees�hat Lender and any o�her Borrou�er can agree to ex��nd, madify, farbea��r make any accommoda��ons w��h regard to the��rms�f�hxs Secur�ty �ns�rumen��r th�N�te w�thaut the�aTsigner's �ansen�. Subject�o the provis�on�of Sec�i�n I S, any Succ�ssor in In�erest�f Barrower who assumes Borrower's �b�igatians under th�s Security �ns�r�umen��n v�rit�ng, and i� approved�y Lender, sha�l��a�n ali of Borrov�er's r�ghts and benefits under this Secur��ns�rument. Borrower sha11 not be reiease�fr�m Borro�er's obl�gatians and l�abi�ity und�r th�s Secur�� Ins�rument un�ess Lender agrees to su�h re�ease in v�r�txng. The c��enants and agreements of�h�s Security Instrument sha��b�nd�excep�as pr�vided in Sectian 2�} and b�n��t��.�successars and assigns of Lend�r. �4. Laan Gharges. i.ender�rnay charge Borrawer fees �or ser��c�s perform�ci�n conne��i�n wi�h Borrav�er's d�fau�t, for the purpose of pr�tect�ng Lender's �n�eres� in�he Proper�y and righ�s under�his Securi�y �ns�rument, inc�ud�ng, but�.��imited to, at�orneys' fees, proper�y �nspec��on and�aluation fe�s. In re�ard�o any�ther fees, �he absence of e�press authority in�his �ecuri��nstrumen��o�harge a speci�c fee to Bnrr�wer sha�1 n��be construed as a prohibi�ion on�he charging of such fe�. Lend�r may not charge f�es that are express�y prohibited by�h�s Se�urxty �ns�rument or b�App�xcab��Law. �f�he I.aar�.�s subje�t to a�av� �rhich se�s ma��mum�oan charges, and tha��aw �s fina��y �n�erpreted so�hat the in�er�s�or o�her�oan charges c��lected�r t�be�o��ected in connec�ion w�th�he I..�an exceed the perrn�tted l�mi�s, �hen: �a} any such loan charg�sha��b�r�duced by�he amount necessary to r�duc�the charge to the permitte�.limit; and �b} any sums a�ready collected from Borrawer�vh�ch e�ceeded permitted ��m�ts wi��be refunded to Barrawer. Lend�r may chaose to make�h�s r�fund by reducing�he principa� owed under the Na�e�r b�r mak�ng a d�r�c�pa�men�� Borrower. �f a refund reduces principa�, �h�r�ductz�n w�i� �e�rea�ed as a partial pr�pa�ment withou�any pr�payment charge (wh�ther or not a prepaym�.en�charge is prov�ded for under�he Note}. Borrov��r's a��ep�ance of an� such refund made by direct paymen�to Barrower wi�� ons��.��wa��z�o�a�.y r��.��Qn Borrav�e�migh�hav�aris�ng out of such��ercharge. '[5. Natices. A��no�ices g�ven by Borrower or L.�nder in��nnect�on�v�th�h�s Security �ns�rument mus�be in writ�ng. Any no��ce to Borrov�er�n�an�ect�on v�i�h�h�s Secur�ty �nstrument shaii be deemed t�ha�e been g�ven ta Borrow�r wh�n ma��ed�y f�rs�class rnaii ar when ac�ua��y del��r�d�o Borrower's no�ic�address if sent by o�her means. No��ce�o any ane Borrflvver shali constitu�e n�tice�o all Borrowers un�ess Applicable La�v express�y r�quires otherwise. The notice address shall be the Praperty Addr�ss uniess Borrower has N�BRASKA-5ingle Family-Fannie MaelFreddie Mac UNl�ORM INSTRUMENT Farm 3�28 1101 VMP� VMPfi{NEa{13DZ) Watters K€uwer Fir�ancia#5er�ices Page 1'i vf'�7