201700180 - Laserfiche WebLink

Browse

2� 17�� 18� �2. Borro►►ver Nat Re[eased; For�earance By Lender Not a �111'a��er. �x�ens�on�f the t�me for payment or modifica��on of amor�ization af th�sums secured��h�s Securit� Instrumen�granted b� Lender ta Borra�v�rer or an�Successor�n Interest of B�rrower sha11 not operate to release�he��abil�ty of Borrower or an� Suc�essors �n Interes�o�`Borrovver. L�nder shal�not�e requ�r�d to commence proceed�ngs aga�nst any �uccessor in Int�rest of Borrower or�o refuse t�e�tend time for payment or otherw�se mod�fy anzor��za��on of the sums secured b�this Securi�y �nstrumen�by r�ason of any d�mand made b�r�he original Borro�r�r�r any Successors �n�n�erest af Borrower. Any forbearance by L,ender in e�ercising any righ�or r�medy inc�ud�ng, without�im��a�ion, Lender's acc�ptance of paymentis from�hird persons, en�i�ies or Successors in Interes�of Borr�wer or in amounts�es��han�he amau�t then due, sha�I nat be a wai�er of or prec�ude the exercise of any right or reme��. 'i 3. Jaint and Se�era� Liabi[ity; �o�signers; Successors and Assigns Bound. B�rrav�er covenants and_ agree��at Borrower's obl iga�ions ar�d 1 iabil it� sha11 be j�int and se�eral. Howe�er, any Borrower who ca�signs th�s Se�ur��InstrunZent but daes n��ex�ute t�e Note�� "cnws�gner"}: �a} is co-s�gning th�s �ecur��nstrunn.ent on�y to rnortgage, grant and�on�ey�he co-signer's �nt�rest in the Property unde�r th� terms of�h�s Security�nstrument; �b� is not p�rsonally ob�igated�o pay the sums se�ured�y�h�s Securit� �nstrument; and �c} agrees tha�L.ender and any other Borrov�er can agree�o��tend, mad��r, forbear flr make any acc�mmodat�ons with regard�o�he terms of��is Securi�y Instrument flr the No��i�hout the ca-s�gner's consen�. Subject to�he pro�isians af Se��on 18, any Successvr in Inter�s�af Borrow�r who assumes Barrower's o��igati�ns under this Securi�y�nstrumen�in vt�ri�ing, and �s appro�ed by Lend�r, shall ob�a�n alt of Borrov��er's righ�s and�ene��s unde�r this Securit� �ns�rum�nt. Borrov�rer shal� not be r�leased from Barrower's obliga�ions and �iabi��ty under�his Securi�y Ins�rument unless Lender agrees ta such re�ease�n wri�ing, The ca�enan�s and agreements of this Security Ins�rumen�shall ��nd �except as prov�ded in Sec�ion 2�} and benef��the successors and assigns of L,ender. �4. Lvan Cnarges. Lender ma}�charge Borrower fees for serv�ces performed�n connect�an with Borrower's d�faui�, for�h�purpose of prate�ting Lend�r's interest �n�he Pr�perty and r��hts ur�der this Security �nstrumen�, inc�ud�ng, bu�no��im�ted to, a��arne�s' fees, property inspec�ion and�alua��fln fees. �n re�ard�o any ather f�es, �he absence of express authority in th�s Securi�y Ins�rumen��o charge a specif�c fee�o Borrower shall nat�e construed as a prohibi�ian on the charging of such fee. Lender ma�not�harge fees that are expressl�prohibited by this Securi�y�nstrumen�or by Applicable Lav�. �f the Loan is su��ect to a law whic�.sets maximuxn�flan charges, and�ha��aw �s finaily interpr��ed s�tha� the interest or other loan�harges ca��e�ted or�a be col�ected in connect�on with th�Loan exc�ed the p�rmitted �imits, then: �a} an�such Ioan charge shal��e reduc�d by the amount necessary �a reduce the charge to the permitted�im�t; and�b} any sums already collec�ed from Borraw�r which exceeded perm��ed �imits vv�l�be refunded�o Borrow�r. Lender m.ay ch��se t�make this refund by reducing the principal o�ved under tihe No�e or by making a direct paymen��o Borrower. �f a refund reduces principa�, the re�uc�i�n v�i�� �e�rea�e�d a� a par�ial prepaymen�without any pr�payment�harge (whe�her ar na�a prepaymen�charge is pro�xded for under the No�e}. Borrower's acceptance of any such refund made by dire�t pa�rm�nt�o Barrower will con��itute a vvaiver of any righ�of ac�ion Borrower migh�hav�ar�sing out of such overcharge. '[5. Nat�ces. All n�ti��s given by Borrow�r or L,�nder in�onnecti�n vvith this Securi�y �nstrument must be in vvr�ting. An�notice�o Borrav�rer in connection with th�s Securi�y Instrumen� shali b�d�emed�o ha�e be�n g��en�o Borrower when ma�led b�f�rs�class rnai�or when actua��y del��ered ta Borrow�r's notice address if sent b�other means. Notic�to any one B�rrower shall con5�itute natice to a�l Borr�wers un�ess App�ica��e Law e�pressly requires o�herw�se. The nat�ce address shall be the Proper�y Address unless B�rrower�ias N�BRASKA-Sing�e Family-Fannie MaelFreddie Mac UNt�ORM 1NSTRUM�NT Form 3��8 il�� VMP� VMPfi�NE)�#302# Wolters Ktuwer�ir�an�ial 5er�ices Page i i of 17