201700168 - Laserfiche WebLink

Browse

2� 17�� 1 �8 't 2. Borrfl►nrer Not Re�eased; Forbearance By Lender Nvt a Waiver. �xtension af the�ime for paymen�or rnod�fiGation�f am�r��za�ion�f�he su�n.s se�ured by th�s Securit� �nstru�x�.en�gran�ed by Lender�a Borrower ar any Success�r in �nterest�f Borrower�ha�l na��pera�e ta re�ease�he�iabiiity of Borrower or any Successors in�n�erest of B�rrower. L�nder shal�n��be requ�red to comm�n�e proceedings aga�ns�any Suc�essor�n�nteres�af Borrov�rer or to refuse to extend�ime for paymen�ar otherwise modify a�mor�iz�at�on of the sums �ecured b��h�s Security Ins�ru.m.en�by reason of any demand made�y�he or�ginal Borrovver or an�r Succes�ors in�n�eres�of�orr�v��r. Any f�rbearar�ce by Lend�r�n exercising any righ�or remedy inciuding, vvithaut l�mi�a�i�n, Lender's a�cep�ance of�aayments from�hird persons, en�i��es or Success�rs �n interes�of Barrnwer�r in amounts ��ss�han�he amount then due, sha1�not�e a wa��er of or preclud�the e�erc�se of any ri�ht or remedy. '13. Joint and Se�era� L�abi�ity; GoWs�gners: Successors and Assigns Bound. Borrnwer co�enants and agrees tha�Barrawer's ob�iga��ons and�iab�l�ty shall b��joint and s�veral. However, an� Borrower who co-s�gns t�is Securit� Instrumen�but does nat execu�e the No�e�a "co-s�gner"}: �a} �s co-s�g�ing th�s S�cur�ty �nstrum�nt onl�r�o mortgage, gran�and canvey th��o-sign�r's interest in�he Proper�y under�he �erms af th�s Se�urity�nstrumen�; t�} is n�t personally obl�ga�ed�a pay�he sums secured�y�h�s Se�urit� Instrumen�; and �c} agrees tha�Lender and an�other Borrower can a�ree to�xtend, mod�fy, farbear or�nake any ac�ommoda��ns with regard�o the terms of t�is Security Instrument or the Note w��hou�the coWs�gner's consen�. Subjec��o�he provisions af Section 18, any Successor�n�nteres�of Barrower v�rho assumes Borravver's obl�gations under thi� Securxty�nstru�ment in v�rrit�ng, and is approve��y Lender, shall obtain all of Barrower'�r��hts and bene�ts under th�s Securit� Ins�rument. Borrov�rer shall nat be re�eased from Borrovver's obl�ga�ions and liability under�his Securi�y �nstrumen�unless Lender agrees to such release in wri�in�. The�ov�nan�s and agreements of this Securi�y �ns�rument sha11 b�nd �exc�p�as provided �n Sec��on �D} and benefit the succ�ssors and assi�ns of Lender. 14. Laan Charges. Lender may charge Barrov�er fees for ser�ices perform�d in connect�on with Borrower's defau��, far�he purpos�of protect�ng Lender's in�erest in the Propert�ar�d rights under this SeGurity Ins�rument, inc�uding, bu�not lim��ed to, a��arne�s' fees, property �nspec�i�n and valuation fees. �n r��ard to any other f�e�, �he ab�ence of�xpr�ss author�ty �n this Securit�r �nstrument to char�e a sp��c f�e to Barrower shal� no�b�cons�rued as a prohib�tion on the charg�ng af such fee. Lender ma�no�charge fe�s ��.at are expressly prohibited�y this Securi�y Ins�rurnen�or by Applicab��Law. If�he L.oan is sub�ect�o a 1aw which se�s max�mum loan charges, and�hat�aw �s f�na�ly �nterpreted s��hat the interest or other�oan charges cviiected or�a be collected �n conn.ec�inn w�th the L,oan exceed�he permzt�ed��nr�z�s, �hen: �a} any su�h Ioan charge shail be reduced�y�he amaunt necessary t�reduce�he charge�a �he permitted lirnit; and �b�any sums already c�llected from Borr�wer which exc�eded permit�ed Iimits wi�l be refunded to Borrower. Lender may choose�o make�h�s refund by reducing�he pr�ncxpa�owed under th�Note ar by n1a.k�ng a direct paymen�ta Barrower. �f a refund reduces principa�, fihe reduc�ion wi11 he treated as a partial prepa�ment wi�hou�any prepayrn�n�charge�whether or not a pr�payment charg�is pro�rided for under the No��}. Bnrrovver's acce�tance of any such refund made by direct payment tn Borrower w�ll cons�i�ute a wai�er�f any r�ght of ac�ion Borrower n�i.ght hawe ar�s�ng out�f such o�rercharge. �5. Not�c�s. A�� na�i�es g�ven by Borraw�r or Lender in c�nnecti�n with th�s Securi�y �nstrum�n�mus�b�in wr��ng. Any no�i�e�o Borrower�n conn�c�ian with��is Secur�ty�nstrumen�shail be de�m�d to have been given�a Barrawer when mailed by f�rst class ma��r when actua�ly de��vered�o Borrflwer's notice addres� if sen�by o�her means. No��ce�o any on�Borrov�rer shall canstitu�e n�t�ce to all Borrowers unl�ss App�icahle Law�xpressi� requires o��.erwise. The not�ce addr��s shal�be�he Property Address un��ss Borrow�r has N�BRASIGA-Sir�gfe Family-Fannie Mael�reddie Mac UNIFORM iNSTRtJM�NT Farrra 34�$11d1 VMP� VMPfi4NE�(13D2f Wolters Kluwer�inanc€a1 5er�ices Page 1 1 ❑f 17