201608797 - Laserfiche WebLink

Browse

� 2� 1 ��8797 party that owes Borr�wer Mis�ellaneaus Proceeds or the party against wh�m Borrov�er has a right af act�on in regard ta Mis�ellaneous Proceeds. B�rrower shall be in default if any action or proceeding,�vhether ci�ril or criminal, is be�un tha�, in Lend�r's judgment, could result in forfeiture af the Praperty or other material impairment of Lender's interest in the Property ar rights under this Secur�ty Ins�rument.Borrovver can cure such a default and, if a�ce�eration has v�curred,reinstate as prov�ded in 5ection 1 S,b�causing�he actian ar proceeding to be dismissed with a ruling that, in Lender's judgrnen�, precludes forfeiture of the Proper�y or other material impairment of Lender's in�erest in�he Property or righ�s under this Security Instrument,The proceeds of any award ar�lairn for darnages�hat are attributable to the impairment of Lender's interest in fhe Property are hereby assigned and shall be paid to Lender. AII Misceltane�us Praceeds�hat are not applied to restoration ar repair of the Propert�shall be applied in the arder provid�d f�r in Secti�n�. 'l'I. B�rrower N�t Re[eased; F�rbearance By Lender N�t a Waiver. Extension of the�ime for payment ar modification of amortizativn of the sums secured by this Security Instrument granted by Lender to Barrovver ar any Successar in Interest of B�rrovWer shall not operate to release the liability of Borrov�rer or any 5uccessors in Interes�af Borrower.Lender sha�1 no�be required to commence proceedings against any Succes�or in Interes�of B orrower�r to refuse to extend time for pa�ment or otherwise m�dify amortizati�n of the sums secured by this Security Instrumen�b�reas�n of any demand made by the or�ginal Borrower or any Successors zn Intere�t of Borra�er.Any f�rbearance �y Lender in exercrsing any right or remedy includin�,�v�rithQut limitation,Lender's acceptance of payments from third persons, entities ar Successors in In�erest of Borrower or in amounts less than the amount then due, shaii not�e a waiver af or preclude the exercise of any righ�or remedy. '12. J�int and Se�eraf Lial�ility; Co-signers; Success�rs and Assigns Bound. Borro�er co�enants and agrees that Borrav�er's obligations and Iia��Iity shall be j�int and several.However, any Borrower who co-signs this Securi��Instrume�t but does not execute th�No�e(a "ca-signer"}: �a�is ca-signing�his 5ecurit�Ins�rument only to mortgage,grant and c�nvey�he co-signer's interest � zn the Property under the terms of�his Security�nstrument; �� is no�personally�bligated to pay the sums secured by this Security Instrument; and�c�agrees that Lender and an�other Borrawer can agree to extend,modify,far�ear ar make any accommodatians�ith regard to the terms af�his Security Instrument ar the Note without the co�signer's consent. Subject to the pro�isions�f Section 17,any_Success�r in Interest of Borro�er who assumes Borro�ver's obligati�ns under th�s Security Instrument in writing, and is appro�ed b}�Lender,sha1l obtain a�i of Borrov�er's rights and�enefits under this Securi�y Instrument.Borra�er shal�no�be released from Borrower's obligations and liability under this Security Ins�rument un�ess Lender agrees to such release in writing. The covenants and agreements of�his Security Instrument shall bind(ex�ept as provided in Section 19}and benefit the successors and assigns of Lender. '[3. Loan �ha�'ges. Lender may charge Borrawer fees for services p�rform�d in cannec�ian v�ith Borrower's default, for�he purpase of prvtecting Lender's interest in the Proper�y and rights under this Security Instrument, including,but not limited�o,attorneys'fees,property inspecti�r�and valuatian HcF�-afl7a� 24D$5�561��2 FHA�eed of Trust-NE 9I3�12D14 Bankers SysfemsT�"VMP� �� Wolters Kluwer Financial Services 2�1fi121915.3.2.3549-J201fi07�1Y Page 10 of 16 � �