201606634 - Laserfiche WebLink

Browse

2� 1 ��34 '12. Borrov►►er Not Re�eased; Forhearance By Lender N�t a 'Lll�airrer. Ex�ension af�he time for payment or rn�odi��atian of amor�iza�ion of�he sums secured by this 5ecurit� Instrum�nt gran�ed b�r Lend�r to Borro�ver or any Su�cessor in Int��res�of Borrnw�r sha�t no�op�rate�a release the I�ability of B�rrower or any �uccessors in In�erest of Borrower. L�nder shal� not be r�quired t� com�mence proceedings agains�any Successor in Interest of Borrou�er or to refus�to ex�end�ime for paynlent or�ther�ise modify amartizat�on of the sums secured�y th�s Security �ns�rumen�by reason of an�demand made b�the ariginal Barrower or any Successors �n Interest af Borrov�er. Any forbearance by Lender in exercising an�right or rernedy including, withaut limi�atian, Lender's acc�ptanc�of payments from�hird persans, en��ies ar Successors in Interest of Borrower or in amounts less than the amount then due, shal� not be a wai�er of ar pr�clude the exercise of an� right or remedy. 'i 3. Joint and Se��ra� Liability; �o-s�gners; SucGessars and Assigns Bound. Borrov�rer cov�nan�s and agrees tha�Borr�wer's obliga�ians and�iab��ty sha�l be ja�n�and severa�. Howe�er, any B�rrov�er who Co-s��ns Yhis Securi�y �nstrumen��u�does not execute�h�Note �a "co-signer"}: �a} is co-signing th�s Se�urit� Instrumen�on�y�a�m.�r�gag�, grant and canve� the c�-signer's interes�in the Proper�y under�he terms�f this Secur�ty Instrument; �b} �s nat personall}�obl�gated t�pa� �he sum� secured by�his Security �nstrument; and �c} agre�s that Lender and any other Barrov�rer�an a�ree to extend, modify, forbear flr make any accommodatians with regard to the�erms of�his Secur�t� �nstrument or the Not�without �he co-s�gner's COI75��t�. Subje�t to the pr��ris��n�af Sectx�n �8, any 5uc�ess�r�n�n�erest af Borrow�r v�ha assumes B�rr�v�rer's obii�at�ons under�his Securi�� nstrumen� in v�r�ting, and is approved hy Lender, sha��Qbtain a�i of Borrower's righ�s and benefi�s under this Securit� Instrument. Borrovver sha�� na�be released from Borrower's ob�ig�tions and liabi�ity und�r this Securi�y �nstrumen�un�e�s Lender agrees t� such r��ease in wri�ing. The cov�nan�s and a�reexn�n�s af this 5ecur�ty �nstrument shall bind ��xcep�as pro��ded in S�c��on ��} and bene�t the successors and a�signs of L�:nder. �4. Loan �harges. Lender may charge Borrower f�ees #�or servic�s performed in conneCtion with Borrov�rer's default, for�h�purpose of pro�ec�in� L�nder's interes�in fhe Proper�� and rights under�his Secur�ty �nstruna�nt, including, bu� not Iimited��y ��.�0�'n�'.�5' fees, property inspec�ion and�aluat�on fees. �n regard�� any other fees, the.absence of express au�hority in this Security Ins�rument to charge a speci�ic fe�to Borrower sha��no�be constru�d as a proh��b��ion on the charg�ng of such fee. Lender ma�not char�e fees �hat ar�e�.pressly proh�bited��his Secur��y �n�trument or�y App��cab�e Law. �f fhe Loan �s sub�ect to a lav�which se�s ma�imum�oan charg�s, and that la�v is fina�iy in�erpret�d so that the interest ar��her�oan charges co�iected or to�be�ol�e��ed �n c�nn�ction�i�h the Loan exceed�he permitted I�m�ts, then: �a} an� such Ioan charg�sha�� be reduced�y the amount neces�ar�to reduce th� charge to �he permi�ted �imit; and �b} an�r sums alread�co�lec�ed from Borrower u�hich exce�ded perm�tted Iimits will be refunded ta Borrovuer. L.�nder may choose t�make th��refund b� redu�ing��principai �wed under�he Note or by making a d�rec�paym�n�to Barrower. �f a refund reduces pr�ncipal, �h�reduc�ion w�il be treated as a par�ia� prepayment withou�any prepaym.en�charge�v�rhether or no�a prepa�men�charg�is provided for und�r�he No�e}. Borrower's acceptance of any such refund made by direct pa�men�to Borrow�r vwi�i cons��tute a wa�ver of any r�ght of ac�ion Borrower nught ha�e arising out of such avercharg�. �5. Notices. A�� nat��es g��en b� Borr�vver or Lend�r�n connec��n wi�h�his Secur�ty�nstrumen�mus�be in v�ri�ing. Any na��ce to Barrower�n connec�x�n w�th this Security Ins�rument shall be deemed�o ha�e been gi�en to B�rr�wer v�rhen ma�led by�rst c�a�� rna��flr when actual�� delivered ta Borrower's not�ce address if s�n�by oth�r rneans. Notice to any one Borrovver sha�l can�t��u�e natice to all Borrowers un�ess Applicab�e Lavv expressiy requires otherv�ise. The notice addr�ss shal��e the Proper�y Address unless Borrow�r has NEBRASKA-5ingle�amily-Fannie MaelFreddie Mac�NIF�RM INSTR�MENT �arm 3428�101 VMP Q VMP6�N�f t'�302y Walters Kluwer Financial 5er�ic�s Page 1�of 17 a