200707405 - Laserfiche WebLink

Browse

200707405 Subject to the provisions of Section 1 R, any Successor iIllnterest of Borrower who assumes Borrower's obligations under this Security Instrument in writing, and is approvt;d by Lender. shall obtain all of Borrower's rights and bendits tinder this Se<:urity Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security Instnnnent unless Lender agrees to such release in writing. The covenants and agreements of this Security [nstnllll<:l1t sheil I bind (except as provided in Section 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fces for services pertormed in connection with Borrower's ddilUIL Illr thc purpose of protecting Lcnder's interest in the Property and rights under this Security InstrulnenL including, but not limitcd to, attolllcys' fees, propcliy inspection and valuation fees. Tn regard to any other fees, thc absence of express authority in this Security Instnllnent to charge a specific fee to Borrower shall not be construed as a prollibition on the charging of such fce. Lender may not chm'ge fees that are expressly prohibited by this Security Instrument or by Appl icable Law. If tIle Loan is subject to a law which sets maximum loan dlarges. and that law is finally interpreted so th:lt the 111(erest or other loan charges collected or to be collected in cOlHlCdion with the Loan exceed the permitted limits. thell: (el) allY su<:11 loan charge shall be reduced by the amount necessary to n:duce the cbarge to the pl.:nnitted limit; and (b) any StIIlIS already collected from Borrower which exceeded permitted limits will be rcfl.Jnded to Borrower. Lender may choose to make this refund by reducing the principal owed unckr the Note or by making a direct payment to Borrower. I f a refund reduces prIneip;i!, the reduction will be treatcd as a pmtial prepayment without any prepayment cbarge (whether or not a prep:lynlellt cLarge is provided jl)l' under the Note). Borrower's acceptance of any such refund made by direct paYITlent to liorrower 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 Lendcr in connection with this Security Instrument must bl~ in writing. Any notice to Borrower in connection witb this Security Instrument shall be deemed to have been given to Borrower when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers unless Applicable Law expressly requin:s otherwisc. The notice address shall be the Property Address unless Borrower has designated a substitute notice address by notice to Lender Borrower shall promptly notify Lender of Borrower's change of address. [I' Lcnder specifics a procedure for reporting Borrower's change of address, then Borrower shall only report a change of address through that specified procedure. Thcre 1Il:1)' be only one designated notice address under this Security Tnstrument at anyone time. Any noti<:e to Lender shall he gill'll hy delivlTing it or by mailing it by first class mail to Lender's address stated herein unless Lemkr has design:lled ;llll'thcr address by notice to Borrower. Any notice in connection with this Security Instrument shall not be deemed to have beell givcn to Lender until actually received by Lender. If any notice required by tllis Security Instrument is also requlITd under Applicable Law, the Applicable Law requirement will satisfy thc corresponding reCjuirelTlent under this SecurilY IlIstrurnent. 16. C;overuing Law; Severability; Rules of Construction. This Security Instrument shall be governed by federal 1:IW ;llId the law of the jurisdiction in which the Property is located. All rights and obligations eontained in this Security !lls(rulllellt are Slll.JJl:et to any requirements and limitations of Applicabk Law. Applicable Law might explicitly or illlplicitly :illolv the parties to agree by contract or it might be silent, but such silence shall not be construed as a prohibition against :Igreement by contrad. Tn the event that any provision or clause of this Security Instrument or the Note conflicts with Applicable Law, such conflict shall not affee! other provisions of this Security Instrument or the Note which can bl.: given effect without the conflicting provision. As used in this Security Tnstmment: (a) words of the masculine gender shall mean and include corresponding neuter words or words of the feminine gender; (b) words in the singular shall mean and include the plural and vice versa; and (e) tile wmd "may"' gives soIl.: discretion without any obligation to take any action. 17. Burrower's Copy. Borrower shall be given one copy of the Note and of this Security Instrument. 18. Transfer of the Property or II Beneficial Tnterest in Borrower. As used in this Section IS, "Illterest in the Property" means any legal or beneficial interest in the Propelty, including, but not limited to, those beneficial interests transferred In a bond for deed, contract for deed, installment sales contraet or escrow agreement, the intent of which is tile tr;lllsfer of title by Borrower at a future date to a purchaser. Loan No: 127317292 Initials: \dmlSka Deed ofTru,I-Sillgle Famity-FlInnie Mae/Frl'lltlie Mae UNt.FORM INSTI~UME,\T TilE CO~II'I.ltI'H:J<; SOUI(CE, INC.- J'ag~ III tlf 13 www lX)I)\plillIICt'S()llrcL~.c;cI111 1 111111 11111 11111 1IIIIIilllilllilllil 11111 11111 1111 11111 11111 111111111 MEHS ModilJ.'d FOrIll ~1I2il 111/111 14:1111 ~F II~/IIII ~':,:'i2nnl), Th.: C:(HIJpJl:lI]L~e S(\III"CL'. [11(;