201107697 - Laserfiche WebLink

Browse

201107697 12. Borrower Not Released; For6earance By Lender Not a Waiver. Extension of the[ime for payment or modifica[iou of amortization of the sums secuxed by this Seeurity InsCrument granted by Lender to Borrower or any Successor in Interest oP Borrower shall noC operate to release the IiaUility of BoLrower or any Successors in In[erest of Borrower. I,ender aliall not be required to commence proceedings against aoy 5uceessor in InteresC of Boxrower or to refuse to extend time Por payment or otherwise modify amortizaPini� of the smns secured by this Security InsCrumenC by reason of ang demand made by the original Borrower or auy Suceessors in InceresC of Borrower. Any forbearance by Lender in exercising any right or remedy including, without limitatioo, L.ender's acceptance of payments from third pexsons, entiCies or Successors in InCecesC ot Borrower or in amounts less than the amount then due, shall noC be a waiver of or preclude tl�e exercise of any right or remedy. 13. Joint and Several Liability; Co-signers; Successors and Assigns Bound. Borrower covenants and agrees that Borrower's obligutions and liabiliCy shall be joinC and sevecal. However, any Bormwer who co-sig��s tl�is Security Instrument buC does not exeeute flie Note (a "co-sigixer"): (a}is co-signing this Security InstrumcnC only co mortgage, grant and convey the co-siguer's interest in Ihe ProperCy w7der the tern�s of Chis Security Instrument; (b) is not peisonally obligated to pay lhe sums secured Uy tliis Security Instrument; aiid (c) agrees that Lender and any oCher Borrower ean agree to exCend, modify, forbe�ir or niake auy acconunodations with regard to the terms oP this Securi[y Instrument or the Note wiChouC Ihe co-signer's consen[. � Subject to the provisions of Section 18, any Successor in InCeresC of I3orrower who 2ssumes Bortower's obligations under this SccuriCy Ins[rument in writing, and is approved by Lendex, shall obCain all of Borrowei's rights and benefits under Chis Security Inetrument. Borrower shall not be released from Borrower's obligations and liability under this Secucitq Instrument unless Lcnde� agrees ro such release in wriCing. The covenants and agreemeuts oY[his Security InsCrumcnC shall bind (except as provided in Section 20) and benePit tlie successors and assigns of Lender. 14. Loan Charges. Lender may chArge Borrower fees for services performed in connection�vith Borrower's default, for the purpose of protecting Lcnder's interest in Yhe Property and riglits under this Security Instrument, incluciing, buC noC limited to, aCCorneys' fees, property inspection and valuation fees. In regard to any o[her Pees, the absence of express authority in this Security Instrument co charge a specific fee to Borrowec ahall not be construed as a prohibiCion on the chargi�g of sush fee, I,ender may not chaige fees thnt are expressly prohibited by Chis Seeuriry Instrument or by Applic�lble Law. IP the Loan is subject to a law which sets ma�cimum loan eharges, and fhat law is fivally intexpreted so lhat tlie interes[or o[her loan chargcs collecCed or to be collected in connection with tl�e Loan excecd the pemiitted linlits, Chen: (a) any such loan charge shall be reduced Uq the alnount necessary to reduee the charge to thc pennitted limit; and (b) any swns already collected froni Borrower which exeeeded permitted limits will be rePunded to Borrower. Lender may choose Co make Ihis rePund by redueing the princip�l owed under the Note or by making a direct paymcnC Co Borrower. If a refund reduces principal, the reduction will be trelted 2s a partial prepaymenC without any prepayment cliu�ge(whether or uot a prepaymene charge is provided for under d�e Note), Borrower's aceeptance of any sucli refund made by direct pay�rtenY tp Eorrowcr will consCiYUYe a waiver of any right af action Borrower mighC have arising out of sucl�overcharge. 15, Notices. All noCices given by Borrower nr Lender in connectian with this Securiry Inslrument must be i❑ writing. Any noCice Co Borrower in�conuection with tliis Security Instrumen�shall be deemed to have been given co Borrower when mailed by first class mail or when actually deliveted Co Rorrower's notice address if sent by other means. Notice to any one Borrower shall eonstitute notice to alI Borrowers uuless Applicable Law expressly requires otherwise. Tha noCice address shall be the ProperYy Address unless Boxrowerhas 231188 NEBRASKA-3lnqle Famlty-Fannie Mne�Freddie Mec UNIfORM INSTFlUMENT Furm 3029 1/Ol VMP� VMPBME)111051 Wol[ers KWwer Financlel 9ervlces . Page 11 of 1�