201107695 - Laserfiche WebLink

Browse

201107695 12. Borrower Not Released; Forbearance By Lender Not a Waiver, Extension of the time for payment or modifioation of amoitizaCion of the sume seeured by this Securlty Instrument granted by I,ender to Borrower oe any Successor i�1 Iuterest of Borrower sliall no[operate Yo release Che liability of Borrower or auy Successors in Interest of Borrowec. Lender shull not be required to commence proceediizgs lgainst any Successor in lnterest of Borrawer or to refuse to extend time fot payment or otlierwise inodify �miortization of the sums seeured by this Security InsCrumenC by reason of any demand made by the original Borrowcr or any Successors in InCerest of Borrower, Any forbearanez by Lender in exercising any right or remedy including, without limiCation, Lender's aeceprznce of paymenCS from third persons�, entities or Suceessors i❑ Interest of Bc�rrower or iu amounts less than the amount then due, sliall vot Ue a waiver of or preclude the excrcisc of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrowcr covenanls avd agrees that Borrower's obligations and liabiliry shall be joint and several. However, any Borrower who ao-signs Uiis Security Instrument buf does not�execute the Note(a "co-signer"): (a) ie co-signing ehis 3ecurity Instiument only to morCgage, grant and convey the oo-signer's interest in[he Propeity u��der tlie terms ot'this Security Instrument; (b) is not personally obligated to pay tlie sums secured Uy this Security Instrument; and (e) agrees thxC Lendet a�id any other Borrower can agtee to exCend, modify, fa�bear or malw any accommodatioiis wiih regard to the terms of Chis Security InsCrument or the Note without Che casigner's consent. Subject to the provisions of Section 1 S, any Suwessor in InCeresC oP Borrower who assumes Borrower's obligaCions undei this Security InstrumenC in writing, and is approved by Lender, shall ob[ai�t aIl of Borrower's rights<md benefits nuder diis Security Instrument. IIorrower shall not Ue xeleased finm Borrower's obligaCions and liability under tMs Security Instrument uvless Lander agrees to such release in wriCing, 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 Borruwer fees for services perfoimed in cunnection with Bormwer's default, far the purpose of proCecCing Lendor's interest in the Proparly and righCs under this Security InsCrumene, including, but not limited to, attorneys' fees, properry inspecfion and valuation fees. In regard to any other fees, tUe abaence af express authoriTy in tliis Security InFtrument Co eharge a specific fee to Rorrower shall not be wnstrued as a prohibition on Uic charging of such fee. Lender may not cl�argc fecs that are expressly proliibiCed by this 5ecuriry Instrument or by Applicable Law. If the Loan is subjaet to a law which sats maximum loan charges, and Chat law is finally inCerpreted so �haf the interest or otl�er loan charges collected or to be collected in connection with the Loan exceed the permitted limits, then: (a) any sucli loan cliarge shall Ue reduced by the amount necessary Yo reduce Che charge to tlie permitted limit; and(b) any sums already collected from Borrower wliich exceaded permitted limits will be refundul to Borrower. Lender may choose to make this refund by reducing[he principal owed under Che Note or by making a direcY payment to Boxrowet. If a refund reduces principal, the reduction will be treated as a partial prepapment wichouc any prepaymene charge (whecher or not a prepayment charge is provided for Lmder tl�e Note). Bnrrower's acceptance of any such refund made by direct payment to Borrower will constitute a waiver of any riglit of lctlon Boxrower might have arising ouC of sucli overcliarge. 15. Nntices. All nnCices given by Borrawer ar Lender iu connecCian wiCh Chis Secui�ty Instivmene must be in writing. Any notice to Borrower iv coimectiov with this Security Instrument shall be deemed to have been given to Sorrowcr when mailed by first class mail or when actually delivered tc�Borrower's notice address iP senf by oCher means. No[ice to any onc Borrower shall constiCUfe noCice to all Borrowers unless Applicable Law expressly requires otherwise, The n�tice address shall he the Property Address unless Borrower l�as 231189 NEBRFlSKA-Sin�le Femlly-Fannie MaelFreddie Mac UNIFOFM INSTflUMENT Form 3028 ilU1 VMP B VMPB(NE{11106) Wolfirs KWwar Finpnclal Scrvioao Pago 11 of 1)