200702415 - Laserfiche WebLink

Browse

200702415 acceleration has occurred. reinstate as provided in Secrion 19, by causing the action or proceeding to be dismissed with a TUling that. in Lender's judgment, precludes forfeiture of the Propeny or other material impairment of Lende($ interest in the Property Or rights I.lnder this Security Instrument. The proceeds of any award or claim for damages that are attributable to the impainnent of Lender's interest in the Property arc hereby assigned mId shall be paid to Lender. AU MisceUaneol.ls Proceeds that are not applied to restoration or repair of the Property shaH be applied in the order provided for in Section 2. n. Borrower Not ReleasecJ; Forbearance By Lender Not a Waiver. Exte.nsion of the time for payment Or modification of amortization of tlle SlUm secured by this Security Instrument granted by Lender to Borrower or any Successor in Intetest of BOrrOwer shall not operate to release t.he liability of Borrower or any SucceSSl1rs in Interest of Borrowilr. Lender shaJI not be required to commence proceedings againll~ any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise mOdify amonization of the sums seCUred by this Security InslHlmenl by reason of any dem..1l1d made hy the original Borrower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitation, Lunder's acceptance of payments from third persons, entities Or Successors in Interest of Borrower or in amounts less lhan thl:! amount then due, shall not be a waiver of or prl:!clude the exercise of any right or remedy. 13. Joint ~mJ Several Liability; Co-~ig~JlmJ; Successors and Assigns nound. Borrower covenants and agrees that BorrOwer's obligations and liability shall be joint and several. HowQvor, any Borrower who co-signs ~his Security Instrument but does not execute the Note (1I "co-signer"): (a) is co-signing this SeCurity In$~TUment only to mortgage, grant ilnd convey the co-signer's in~cre5t in the Property under thr: terms of this Security Instrument: (b) is not personally obligated to pay the sums secm-eel by this Security Instrument; and (c) agrees that Ll;!nder and any other BorrOwer can agree to extend, mOdify, forbear or make any i:lCcommodations with regard to the terms of this Security 'Instrument or the Note without the co-signer's consent. SUbject to the provisions of Section 18, any Successor in Interest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approved by Lender, shall obtain all of Borrower's rights ana benet1ts under this Security Instrument. Borrower shall not be reJeased fI(lm Borrower's Q'D1igmions and liability "Qnclcr this Security Instntment unless Lender agrees to such release in writing. The covenants and agreements of this Security Instnlment shall bind (except as provided in Section 20) and bene1'it the SUCCessors and assigns of Lender. 14. Loan Charges. Lender may charge aorrower fees for services perfon'l'led in connection with Borrower's defaultl for the purpose of protecting Lender's in~l;lrr;.~t in the Propeny and rights una~'T this Security Instrument. inchlding, but not limited to. anomeys' fees, propeny inspection SlId valuation fer:.>s. In regard to any other fees. the absence of cJC.press authority in this Security Instrument to charge a specific fee to Borrower shall not be constnled as a prOhibition on the charging of such fee. Lender may nOl charge fees that are expressly prohibited by this Security Instrument Or by Applicable Law. If tho Loan is subject to a law which sets maximum loan cb.a:rgos, and that law is finally interprntoo so that the interost or other loEl.l1 charges collected or to be collected in connection with the Loan ex.ca:d the pennitted limits, then: (a) any such loan charge shall be reduced by the amount necessary to reduce the charge to the pennitted limit; and (b) any sums already collected from Borrower which exceeded pennitte4 limits will bu re.funded to Borrower. Lender may choose to make this refund by reducing the principal owed under the Note or by making a direct payment to Borrower. If a refund reduces principal. the reduction will be treatea as a partial prepayment without any prepayment charge (whether Or not a prepayment charge is provided for under the Note). Borrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any right of actioI'! Borrower might have arising out of such overcharge. 15. Notices. All notices given l;>y Borrower or Lender in connel::tion with this Security Instrument must be in writing. Any notice to Borrower in connection with this Security lnstrument shall be deemed to have been given to narrower when mailed by first class mail or when actually delivered to Borrower's notiCe address if sent by other meanS. Notice to anyone Borrower :;;hall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall b~ the Propeny Address unless Borrower has designal.::d a substitute notice address by notiC/;J to Lencler. Borrower shall prompny nOLify l./;:nde;:r of BOl'Towe('s chartge of address. If Lender specifies a prOCeUUTt:l tor reporting Borrower's change of address, then Borrower shall only report a change of address through that specitied procedure. 1'/1/ C 1\ I tnllialS' . / /I .' J '-J Gli6lNEllOOO51 P;)QB lOa' 15 FOrm 3028 1/01