200207491 - Laserfiche WebLink

Browse

200207491 acceleration has occurred, reinstate as provided in Section 19, by causing the action or proceeding to be dismissed with a ruling that, in lender's judgment, precludes forfeiture of the Property or other material impairment of Lender's interest in the Properly or rights under this Security Instrument. The proceeds of any award or claim for damages that we attribuntble to the impairment of Lender's interest in the Properly arc hereby assigned and shall be paid to Lender. All Miscellaneous Proceeds that are not applied to restoration or repair of the Property shall be applied in the order provided for in Section 2. 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortisation of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or my Successors to Interest of Borrower. Lender shall not be required m commence proceedings against any Successor in Interest of Borrower or to refuse to extend tiwc for payment or otherwise modify amortization of the sums secured by this Security hhsnumenl by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including without limitation, Lender's acceptance of payments from thud persons, entities or Successors in Interest of Borrower or in amounts less than the amount then due, shall not be a waiver of or preclude the exercise of any right or remedy. 13. Joint and Several Liability; Co- signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligations and liability shall be joint and several. However, any Borrower who co -signs this Security Instrument but does not execute the Note (a "co- signer "): (a) is co- signing this Security Instrument only to mortgage, grant and convey the co- signer's interest in the Property under the terns of this Security Instrument; (b) is not personally obligated to pay die sums secured by this Security Instrument; and (c) agrees that Lender and any other Burrower can agree m extend, modify, forbear or make any accommodations with regard to the terns of this Security Instrument or the Now without die co- signer's consent. Subject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borower's obligations under this Security Instrument in writing, mid is approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument Borrower shall not be released front Borower's obligations and liability under this Security Insnumcnt unless Lender agrees to such release in writing. The covenarrts and agreements of this Security Instrument shall bind (except as provided in Section 20) will benefit the successors and assigns of I ender. 14, Loan Charges. Lender may charge Borrower fees for services performed in connection with Borrower's default, for the purpose of protecting Lender's interest in the Property and rights under this Security Instrument, including but not limited th, attorneys' fees, property inspection and valuation fees. In regard to any other fees, the absence of express authority in this Security Instrument to charge a .specific fee to Borrower shall not be construed as a prohibition on tic charging Of such fee. Lender may not charge fees that we expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, mud that law is finally interpreted so that the interest or other lo:at charges collected or to be collected in connection with the Loan exceed the Permitted limits, then: (a) any such text charge shall lie reduced by the amount necessary to reduce the charge to the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted limits will be refunded m Borrower. bender may choose to make this refund by reducing the principal owed under We Note or by making a direct payment to Burrower. If a refund reduces principal, the reduction will be located as a partial prepayment without any prepayment charge (whether or not a prepayment charge is provided for under the Nom). Borrower's acceptance of arty such refund made by direct payment to Borrower will constitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. All notices given by Borrower or Lender in connection with this Security Instrument must be in writing. Any notice to Borrower in connection with Wis Security Instrument shall be deemed to have been given to Borrower when mailed by fast class mail or when actually delivered to Borrower's notice address if sent by other memts. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Properly Address unless Borrower has designated a substitute notice address by notice to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifics a procedure for reporting Borrower's change of address, then Burrower shall only report a change of address through that specified procedure. OOC p:317G10 APPL 4;0016187359 7 LVMI µ0p1610]359 (0- 6(NE) ..m, vaaa iota is ^ Form 3026 1101