201106552 - Laserfiche WebLink

Browse

�01106552 12. Borrower Not Released; Forbearance By Lender Not a Waiver. Extension of the time for payment or modification of amortization of the sums secured by this Security Instrument granted by Lender to Borrower or any Successor in Interest of Bortower shall not operate to release the liability of Borrower or any Successors in Interest of Bonower. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to refuse to extend time for payment or otherwise modify amortizarion of the swns secured by this S�urity Instrument by reason of any demand made by the original Bonower or any Successors in Interest of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitarion, 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 remerly. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrces that Borrower's obligations and liability shall be joint and several. However, any Borrower who co-signs this Security Instrument but does not ex�ute the Note (a "co-signer"): (a) is co-signing this 5ecurity Instrument only to mortgage, grant and convey the co-signer's interest in the Properiy under the terms of tius Securiry Instrument; (b) is not personally obligated to pay the sums s�ured by this S�urity Instrument; and (c) agr�s that I.ender and any other Borrower can agree to extend, modify, forbear or make any accommodations with regazd 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 Bonower who assumes Bonower's obligations under this S�uriry Instrument in writing, and is approved by Lender, shall obtain all of Bonower's rights and benefits under this S�urity Insmiment. Borrower shall not be released from Borrower's obligations and liability under this S�urity Instrument unless Lender agrces to such release in writing. The covenants and agreements of this Security Instrument shall bind (except as provided in Secrion 20) and benefit the successors and assigns of Lender. 14. Loan Charges. Lender may charge Borrower fees for services performed in conn�rion with Bonower's default, for the purpose of prot�ting Lender's interest in the Property and rights under tlus Security Instrument, including, but not limited to, attomeys' feas, property inspection and valuation fees. In regazd to any other fees, the absence of express authority in this Security Instnunent to charge a specific fee to Borrower shall not be construed as a prohibition on the charging of such fe,e. Lender may not charge fces that aze expressly prohibited by tYus 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 tiie interest or other loan chazges collectefl or to be collected in connection with the Loan excced 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 suins already collected from Borrower which excezded pernutted limits will be refunderl to Bono�ver. Lender may choose to make this refund by reducing the principal owed u�der �e Not� or by mai�g a direct �ayment �o Bonower. If a refund reduces principal, the reduction wil1 d�e t�ated as a pariiai prepa�ent without any prepayment charge (whether or not a prepayment chazge is provided for under the Note). Sorrower's acceptance of any such refund made by direct payment to Borrovver wiil con�ttiitute a waiver of any right of action Borrower might have arising out of such overcharge. 15. Notices. Ali notacc� given by Borrower or Leiar3er in connection with this S�urity Instrument must be in �vriting. Any notic� to Bonower in connection with this Securiry Instrument shall be d�med to have i�een given to Bonower when mailefl by first class mail or when actually deliverefl to Borrower's notice address if s�nt by other means. Notice to any one Bonower shall constitute notice to all Bonowers unless Applicable I.aw expressly requires otherwise. The norics address shall be the Property Address unless Bonower has NEBRASKA-Single Family-Fannie MaelFreddie Mac UNIFORM INSTRUMENT VMP � Wolters Kluwer Finandal Services Form 3028 1 /01 VMPB(NE) f1105) Paga 11 of 17 �� �� � / ��