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2010098�5 <br />dismissed wid► a ruling that, in Lender's judgment, precludes forfe'rtiire of d�e Property or other material <br />impainnent of Lender's interest in the Property or rights under this Security Instrument. The proceeds of <br />any award or claim for damages that are attributable to the impairment of Lender's interest in the Property <br />are hereby assig►►ed and shall be paid to Lender. <br />All Miscellaneous Proceeds that are not applied to restoraflo�► or repair of die Property shall be <br />applied in the order provided for in 5ection 2. <br />12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of die time for <br />payment or it�odification of amordzaflan of #►e s�ims secured by tl�is SPCUrity Instrrunent grarited by Lender <br />to Borrower or any Sixccessor in Interest of Borrower shall not operate to release the liability of Borrower <br />or any Successvrs in Interest of Borrvwer. Lender shall not be required to commence proceedings against <br />any 5uccessor in Interest of Borrower or to refiise to extend Ume for payment or otherwise modify <br />amortization of the sums secured by this 5ecurity Ir�stniment by reason of any demand made by die original <br />Borrower or any 5uccessors in Interest of Borrower. Any forbeara�ice by Lender in exercising any right or <br />remedy including, without limitation, Lender's acceptance of payments from third persons, entities or <br />Successors in Interest of Borrower or in amoimts less tl►an We amount then due, shall not be a wuver of or <br />preclude the exercise of any right or remedy. <br />13. Joint and Several Liability; Co�signers; Successors and Assigns Bound. Borrower covenants <br />and agrees q�at Borr4wer's abligations and liability shall be joint and several. However, any Borrower who <br />co-signs tliis 5er.urity Instrui�ient but does nnt execute the Note (a "co-signer"): (a) is co-signing U►is <br />Securiry Ii�stniment anly to mnrtgage, grant and convey the co-signer's interest in the Property under die <br />terms of this Security InsU'ument; (b) is not persnnally abligated to �ay the sums secured by diis Security <br />Instrument; and (c) agrees that Lender a�id any oUier Borrower can agree to extend, modify, forbear or <br />make any accomir►odations with re�ard to d�e terms of this Security Instn�«�ent or U►e Note witl►out the <br />co-si ner's consent. <br />�u�jer.t to the provisions of Sectian 18, any 5uccessor in Interest of Borrower who assumes <br />Borrower's obligalions under this Security Instrument in writing, and is approved by l..ender, shall abtain <br />all of Borrower's rights and benef3Ls �u�der this Security Instrument. Borrower shall not be released froyci <br />Borrower's obligations and liabil'rty �mder this 5eciirity Tnstrument unless Lender agrees to such release in <br />writing. The covenants and agreements of tl►is 5ecurity Instri►ment shall bi�►d (except as provided in <br />Section 20) and benefit the successors and assigns of Lender. <br />14. Loan Charges. Lender may charge Barrower fees for services perforrt►ed in connection wiW <br />Borrower's defaalt, for We purpose of protecting Lender's interest in die Property and rights mider diis <br />Security Instniment, including, but not limited to, attorneys' fees, property inspecGon and vahiaGon fees. <br />In regard to any other fees, the absence of express authority in this 5ecurity Instrument to charge a specific <br />fee to Borrower shall not I�e construed as a prohibition on the charging of such fee. Lender may not r.harge <br />fees that are expressly prohihited by d�is Security Instrument or by Applicable Law. <br />If the Loan is subject to a law which sets maximum loari �liarges, and that law is finally interpreted so <br />that tlie interest or other loan charges collected or to be collected in connection with die Loan exceed the <br />permitted limits, then: (a) any sucli loan charge shall be red�iced by die amount necessary to reduce d�e <br />r.harge ta the permitted limit; and (b) any sums already collected from Borrower which exceeded permitted <br />linuts will be refimded to Borrower. Lender may choose to i��ake diis refund by reducing the principal <br />owed under the Note or by making a direct payment to Borrower. If a refimd reduces principal, khe <br />reduction will be treated as a partial prepayrnent withvuk any prepayment ct►arge (whether or not a <br />prepayment charge is provided for tmder the Note). Bonower's acceptance of �ny such refixnd tt�ade by <br />direct payment to Borrower will constitute a waiver of any right of ac.tinn Borrower migl�t have arising out <br />of such overcharge. <br />15, Notices. All notices given by Borrower or Lender in connection with this Secarity Instnuuent <br />must be in writing. Any notice to Borrower in connection with diis Security Instrument shall be deemed to <br />have been given to Borrower when mailed by first class mail or when achrally delivered to Borrower's <br />notice address if sent by other means. Notice to any one Borrower shall constitute notice to all Borrowers <br />�inless Applicable Law expressly requires otherwise. The notice address shall be the Property Adclress <br />unless Borrower has designated a substitute notice address by notice to Lender. Borrower sh�ll prompdy <br />notify Lender of Borrower's change of address. If Lender speci�es a procedure for reporting Barrawer's <br />change of address, then Borrower shall only report a change of address through that specified prncedure. <br />001122308972 [pp1122308972] <br />N RASKA - Single Family Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH ER5 <br />'�A(Nk� (os�o� Page 10 of �5 Initiais: �r Form 3028 1/01 <br />