89104238 - Laserfiche WebLink

Browse

1 — IS. Miscellaneous Provisions. sg,10423g fay Borrower Not Released, Exteikaion of the time for payment or modification of amortization of--the sums secured by this Deed of Trust granted by b nder.to any successor in interest of Borrower shall not operate to release, in any wanner, the liability of the original Borrower and Borrower's successors in interest. Lender shall not be required to commence proceedings against such successor or refuse to extend time for payment or otherwLi st3 . modify apwrtizatioa of the suns secured by this Deed of Trust by reason of any dea'ands' made by the original 9orrower and Borrower"a successors in interest. (b) . tender's Powc`s^ -: Without affecting the liability of any "other persons "a a oir the payment of any obligation herein mentioned, and, without affecting, the Uen or charge of this ftvd of Trust upon any portion'. of the Property riot, then or theretofore released as security for the fUll an rot of all unpaid obligations, Lender aa!�, from time to time . 4nd without mi)tice G) release any perscin:.so liable, (ii) extehEi.:ihe maturity or alter any of the terms of 'any such obligations;' Ciii) grant rather indulgences, (iv). 'releose or reconvey, or cruse to be released or reconveyed at Any time, at Lender's Option, any parcel, portion or all of the Property, (v) take ox:-- release any other or additional security for any obligation herein mentioned, or (vi). make compositions or other arrangements with debtors in relation thereto. (c) Forbearance by Leander Not a Waiver. Any forbear- ance by Lender in exercising a y right or remedy hereunder, or otherwise afforded by applicable law, shall not be „a.waiver of or preclude the exercise oE any such right or raredy. The procure- ment of insurance or tire+ ” p,a_ymant of taxes car oth6v liens or charges by Lender shall: not be a waiver of Lender's right to accelerate the maturity of the indebtedness secured by this Deed of Trust. (d) Successors and Assi hs Bound Joint and Several Liabilit Ca Lions. The cc enan s and agreements herein con - tained s a 1 bind, and the rights hereunder shall inure to, the respective successors and ass4gns of Lender and Borrower, subject to the provisions of paragraph 10(e) hereof._ All covenants and agreements of Borrower shall be joint and sevaral. The captions and headings of the paragraphs of this Deed of Trust are for convenience only and are not to be used to interpret or define the provisions hereof. (e) Request for Notices. The parties hereby request that a copy of any notice of default hereunder and a copy of any notice of sale hereunder be nailed to'' each party to tl :is Deed of Trust at the address set forth above in the manner prescribed by applicable law. Except for any other notice required under applicable law to be given in another manner, any notice provided for in this Deed of Truest shall be given by mailing such notice by certified mail addressed to the other parties, at the address set forth. above. Any notice provided for in this deed of Trust shall be effective upon mailing in the manner designated herein. if Borrower is more than one person and /or entity, notice sent to the address set forth above ,shall be notice to all such persons and /or entities. (f) Inspection• Lender may make or cause to be wade reasonable entries upon and inspections of the Property, provided that Lender shall give Borrower notices prior to any such inspec- tion specigying reasonable cause therefor related to Lender's interest in the Property. (g) Reconveyance. Upon payment of all sums secured by this Deed of Trust, Lender shall request Trustee to 'reconvey the Property and shall surrender this Deed of Trust ano a l l notes -6- R t' _J_..