201607935 - Laserfiche WebLink

Browse

2� 1 ��7935 ��. Bor�rower Nat Re�eased; F��bearance By Len�ier Not a �Il�a��er. Ex�ension�f the time for payment or modifica��on of amartization of the sums secured by this Security �nstrumen�granted by L.end�r to Bflrrower ar any Successor�n Interes�of Borrower shall not op�ra�e�o release th��iabil�ty of Borrower or any Successors in Interest af Borrower. L�nder shail n��be requir�d ta commence proceedin�s agaxns�any Su�cessor in Interes�af Barrower�r tn refuse to extend ti�me for pa�rment or o�he�-v��se modify amortization of�he sums secured�y th�� Secur��y �ns�rumen�by reason of any denzand made by the flriginai Borrower or an� Successors in�n�erest of Barrowe�. Any f�rbearance b� Lender in exercising an� right or remedy in��ud�ng, vv�thou�lim.i�atian, L,ender's acceptan�e af paym�n�s from third pers�ns, entities ar Su�cessors in �n�eres�of Borrower or in am�unts less�han the amaun�then due, sha1�na�be a wa��er�f or pre�lude�he exercise�f any right or reme�.y. 'I 3. Jnint and Se�era� L�a#��I�ty; Cn-s�gners; SL1GC�'SS[]#'S �tltf A55Ig�'15 B�L1t1C�. Borrower covenan�s and agrees that Borrov�er's abiiga�ians and I�ability shal�be jo�nt and se�eral. �ov�ever, any Borrav�er who c�-s�gns this Secur��y Instrument bu�does not�x�cu��he Na�e�a "co-sign�r"}: �a} is co-signing this Security �ns�runlen�flnly to mortgage, gran�and con�ey the co�signer's in�eres� �n�he Property under the t�x�ns Qf th�s S��xi��ns�r��n�n�; �b} is no�p�rso�aal�y ��i��d��ay�h�s��s ��r�d�y �h�s S��ri�y �nstrument; and �c} agr�es that Lender and an�other Borrow�r can a�r�e to��end, mod�fy, forbear or make any accommodations wi�h re�ard to�he t�rms of this Securi�� nstrument ar�he Note withou�the co-signer's C�nsen�. Subject�o�he provisions af Section �8, any Successor �n In�erest of Borra��ver wha assumes Borrov�rer's obliga��ons under this Secur�t�r Ins�rument in wr��ng, and �s appro�ed�� Lender, sha�i o�tain a�l of Borro�ver's r��hts and b�ne�its under th�s Secur�� ns�rumen�. Borrower shall no�be re�eased from Borr�wer's obiiga�ions and liability under�his Securit� �n�irumen�unless Lender agrees ta such releas�in v�ri�ing. The c��nants and agr�emen�s of�his �ecurity �nstrument shal�bind �exc�p�as pro��ded in Se��iai� 24} and b�n�fi��h�successors and ass�gns o�L�nder. 'i 4. Laan C�a�ges. Lender may charge Borr�wer f'ees f�r services performed in connec��on w�th Borrav�rer's default, for�h�purpose of pro��c��ng L.ender's in�erest in�he Pr�per�y and ri�h�s und�r�his Securi�y Instrumen�, inc�uding, but not limited to, a�torn�ys' fees, prop�r�� nspection and�alua��fln fees. In regard to any other fee�, the a�sence of express au�hori�y in th�s Securit� Instrumen��o �harge a specif�� fee to Borro��r shall na�b�cons�rued as a prohibi�ion�n�he charging of such fee. L�nder ma}�no�char�e fe�s �hat are expressl�prohibited by�h�s Securi�y�nstrument or by Appl�cable La�. If the L�an is subject to a�aw wh��h sets maximum Ioan charges, and that law is f�naliy interpreted so �hat th�in�eres�or ather Ioan charges collec�ed or to be colle�ted in co��nection with the Loan exceed�he permitted limi�s, then: �a} any such loan charge sha��be reduced�y the amaunt necessar� to reduC��he charge to�he permitted limi�; and �b} an�r sums alr�ady cnl�ected from Borrow�r which exce�ded perm�tted �imi�s v�r�il be refund�d to Borrowe�r. Lender ma�cho�se to make�his refund by reducing�he principal owed und�r the No�e or b�making a direc�pa�men�to Borrower, If a r�fund reduces principal, �he redu��ion will be trea�ed as a par��a�prepaymen�without any pr�payn�ent charge �whether ar not a prepa�ment charge is prov�ded for under the Nate}. Barro�ver's ac�eptan�e of an� such refund made by direct paym�nt�� Borrower v�r��canst�tu�e a waiver of any righ�of acti�n Borrower might ha�e arising�ut of such av�rcharge. 'i 5. Notices. All notic�s gi�en by Borr�wer or L�nder in connectian�vvi�h �his Secur�t� �ns�rument n�.us�be�n wri�ing. Any notice t� B�rrov�er in connec�ion vvith this Security �nstrumen� sha�l be deemed to have��en g��en to Borr�wer when mailed by�rst class ma�l or when actuall�deli�ered t� Borrov�er's noti�e address if sent by other means. N��e to an�one Borrower sha�i consti�u�e no�ice to a�l B�rrnwers un�ess Applicable Law expressly requir�s otherw�se. The notice address shal��e�he Proper�y Address un�ess Borr�wer has N�BRASKA-5ingt��mily-��nnie Ma�l�reddie Mac UNt�QRM INSTRUMENT F�rm 3�2$7107 VMP Q VMP�[N�)�13D2f Wa#t�rs Kiuwer Finan�ia[Ser�i�es Page 1 1 v�3 7