201002103 - Laserfiche WebLink

Browse

201002103 acceleration has occurred, reinstate as provided in Section 19, by causing the action ar 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 Property or rights under this Security Instrument. '1"hc proceeds of any award or claim Far damages that are attributable to the impairment of Lender's interest in the Property 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. 1l. Borrower Nat Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amorti~.ativn 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 any Successors in Interest of Borrower. Lender shall not be required to cornrnence proceedings against any Successor in Interest of Bsmrower ar to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument by reason of any demand made by the original Barrawer ar 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 third 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. ]3. ,loint 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 terms of this Security Instrument; (b) is not personally obligated to pay the sums secured by this Security Instrument; and (c) agrees that Lender and any other Barrawer can agree to extend, modify, forbear or make; any accommodations 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 lnstrument in writing, andrs approved by Lender, shall obtain all of Borrower's rights and benefits under this Security Instrument. Borrower shall not be released from Borrower's obligations and liability under this Security lnstrument unless Lender agrees to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Section 20) and benefit the; successors and assigns of Lender. 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 to, attorneys' fees, property inspection and valuation fees. In regard to any other foes, the absence of express authority in this Security lnstrument to charge a specific fee to Harrower shall not be construed as a prohibition on the charging of such fee. Lender may not charge fees that are expressly prohibited by this Security Instrument or by Applicable Law. If the Loan is subject to a law which sets maximum loan charges, and that law is finally interpreted so that the interest or other loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then; (a) any such loan charge shall be 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 to Barrows.-r. 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 treated as a partial prepayment without any prepayment charge (whether car not a prepayment charge is provided far under the Note). Borrower's acceptance of any such refund rnade by direct payment to Harrower will constitute a waiver of any right of action I3orrvwer 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 Barrawer in connection with this Security Instrument shall be deemed to have been given to I3urrowcr when mailed by first class mail or when actually delivered to Borrower's notice address if sent by other means. Notice to any one Barrawer shall constitute notice to all Borrowers unless Applicable Law expressly requires otherwise. The notice address shall be the Property Address unless Barrawer has designated a substitute notice address by native to Lender. Borrower shall promptly notify Lender of Borrower's change of address. If Lender specifies a procedure far reporting Burrower' s change of address, then Borrower shall only report a change of addres through that specified procedure. [J' 0110301655 initiei9 -B1NE) ~pao~~.p2 Pala 1p of ~5 Form 3028 1lp1