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201009297
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Last modified
12/14/2010 3:10:08 PM
Creation date
12/14/2010 3:10:07 PM
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DEEDS
Inst Number
201009297
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201009297 <br />12. Borrower Not Released; Forbearancc B}� l.ender Not a Waiver. lixtcnsion of tl�e time for payment or modification of <br />amortization of the surns secured by this Securit�� Tnstrumerit granted hy l,cndcr to 13orrower or any Successor in Interest of <br />Borrower shall not operatc to release the liabil'rty of Borrower or any St.icccssors iu lriterest of Borrower, Lender shall not be <br />required to commence proceedings against nny Successor iu Interest ol' 13orrut-�cr c�r to re;fuse to extend time for payment or <br />otherwise modify amortization of the sums secured by this 5ecuriiy Instr�.imcrit h� rc�.�son of any demand made by the original <br />Borrower or any Successors in lnterest of Borr�wer, Any forbe�rancc by l,ciidc: in csercising t�ny right or remedy including, <br />without limitation, Lender's acceptance of payments frpiri kYiird Fx;rsc�iis, entitics or Sricccssvrs in Interest of Borrower or in <br />amounts less than the amount then duc, shall not be a �vaiver of or preclude tlic c.ci•cisc c�f �iiiy right or remedy. <br />13. Joint and Several Liability; Co-si�;ners; Successars anc� Assi�ns l3ound, B�rrower covenants and a�'ees that <br />Borrower's obligaUoias and liability shall be joint and severt�l. Ho�vc;vcr, a�iy 13oc�ro�ver �vho co-signs this Security Instnunent <br />but does not execute the Note (a "co-signer"): (a) is co-signing tl�is Security instrLU�ient only to mnrtgage, grant and convey <br />the co-signer's interest in the Property under the ternis of this Sccurity I�astrun�cnt; (b) is not personally obligated to pay the <br />sums secured by this Security Instnzment; and (c) agrces th�it Lc;ridcr �.�rid ��ii�� ot}icr 13orrower can agi'ee to extend, modify, <br />farbear or make any accommodations w'rih regard to the tern�s of this Scci.uit� iiistrui�icrit or the Note witkwut the co-signu�► <br />consent. <br />Subject ta the provisions of Section 18, any Succcssor in lnierest of t3orroever wl�o ��sswncs Barrower's obligations under <br />this Security Instrument in wridng, and is approvcd by I.ender, shall oht�iin all of' 13orrowcr's rights and benefits under this <br />Security Instrument. Bnrt'awer shall not be released from l3orrn�rer's nblig:�tio:�s ,inci liability� under this Security Instnament <br />unless Lender agrees to such rcicasc in writing. '1'hc covcnanis and ��grccrnr�it, oC �.liis Sccurity Instrument shall bind (cxcept <br />as provided in Section 20) and benafit thc succcssors and ��ssi�;ns ot' I.cr�dci. <br />14. I.oan Ch�rges. Lender may charge Borrowcr fecs for scrv'rces perPorrncd in coiulcciion with Borrower's default, for the <br />purpnse of protecdng Lender's interest in t.he Property arid rights i.uider tl�is Secn�it� Instnuncnt, includir►�, but not limited to, <br />attomeys' fees, property inspection and valut�tion fecs. [n rc�;ard to any otlicr f�ccs, tlic absencc of express autharity in this <br />Security Instrument to charge a speciFic fee to ]3orror��er shall not be cc�nsirt.icd ;is �i }7rohrbition on the chargin$ of such fee. <br />Lender rr�uy not charge fees that are expressty prohibited by this Security lnstrur�tcrz� or by Applicable Law. <br />If the Loan is subject to a law which scts rriaxinnim loan charges, and th;�( 1��,� is I"inally inierpreted so that the interest or <br />other loan charges collected nr to be cnllccted in connection with the I.o��n exccod tl�c perrrutted limits, then: (a) any such loan <br />charge shall be reduced by the amount ncccssary to reduce tl�e ch�rrge to il,c pern�ittcd limit; and (b) any sums already <br />collected fromBorrower which exceeded pernuttcd limits will be rc:funded to i3orro��cr. l.ender rnay choose to makethis refund <br />by reducing the principal owed under the Notc or by n7akii7�; �j c�irect p��} rncni to Horrowcr. If a rafund reduces principal, the <br />rcduction will be treated as a partial prcpayrnerit witho�it �iriy prepav���ent cliaf�;; (:�vticther ar not a prepayment charge is <br />provided for under the Note). Borrower's acccpta»ce nf �iny sucli refunc] rna�+,c l;� �lir�ct p;iyri7enc co Borrower wiA constitute a <br />waiver of any right of acdon Borrower might ha��e arisin� otit of' s�.ict� o� crcl�,�rf;c. <br />15. Notices. All notices given by Borrower or I.ender in connection �vitli tl�i� 5ccurity Instrwnent must be in writing, Any <br />notice to �iorrower in connecUon with ltus Securily 1[istru�nent shall be deci�icd to liuve been given to �orrower when mailed <br />by first class mail or when actually delivered to Borrowcr's riotice address if scnt l�� c�tlicr incans. Notice to arry one Borrower <br />shall constitute notice to all Sorrowers unless Applieable L�u� expressly requires ollicrwisc. T'he notice address shall be the <br />Property Address unless Borrower has designaled a substitute notice addres5 by nc�tice to Lender. Horrower shall promptly <br />notify Lender of Borrower's change of address. If l,ender specifies �� proccdurc for rC�x�rling Borrower's change of address, <br />then Borrower sha11 only report a cl�ange of address throu�h that s�ecified proced�u�c. There rnay be only one designated <br />notice address under lhis Security Instnament ��l uiiy oiic tiiiiu. Ariy r�otic� to Lencicr sh��ll be given by delivering it or by <br />mailing it by first class mail to Lender's address statcd hcrcin i.�rilcss l,crzdcr k<<�s desi�;nated another address by notice to <br />Borrower. Any notice in connection wit�i this Sec�uity lnstruinciit slaall nc�� 't�u ;iccnicd lo tkiv� been given to Lender until <br />actually received by Lender, If any notice required by this Scc�u'ity liistri.irnci�t is also required under Applicable Law, the <br />Applicable Lawrequirement will satisfy the corresponding requiremciil �uidcr thi5 5ec�u•ity lnstrument. <br />N�BItASKp - Single Family • Fannis MadFraddie Mac UNI�ORM INS7RUMENT <br />�-B�NE) I�e��� i'�9� e���n �.� Form 3028 1101 <br />DASdY�9 � <br />I IIIN I� NI� IIII II�II INI NII IIN �II I�I MIM IIIII IIIII Iill �II <br />000nr��ssseoss <br />
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