Common use of Borrower Not Released; Forbearance By Lender Not a Waiver Clause in Contracts

Borrower Not Released; Forbearance By Lender Not a Waiver. Borrower or any Successor in Interest of Borrower will not be released from liability under this Security Instrument if Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Xxxxxx will not be required to commence proceedings against any Successor in Interest of Borrower, or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Xxxxxx in exercising any right or remedy including, without limitation, Xxxxxx’s acceptance of payments from third persons, entities, or Successors in Interest of Borrower or in amounts less than the amount then due, will not be a waiver of, or preclude the exercise of, any right or remedy by Lender.

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 Xxxxxx to Borrower or any Successor in Interest of Borrower will shall not be released from operate to release the liability under this Security Instrument if of Borrower or any Successors in Interest of Borrower. Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Xxxxxx will shall not be required to commence proceedings against any Successor in Interest of Borrower, Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Xxxxxx Lender in exercising any right or remedy including, without limitation, XxxxxxLender’s acceptance of payments from third persons, entities, entities or Successors in Interest of Borrower or in amounts less than the amount then due, will shall not be a waiver of, of or preclude the exercise of, of any right or remedy by Lenderremedy.

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 Borrower will shall not be released from operate to release the liability under this Security Instrument if of Borrower or any Successors in Interest of Borrower. Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Xxxxxx will shall not be required to commence proceedings against any Successor in Interest of Borrower, Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Xxxxxx Lender in exercising any right or remedy including, without limitation, XxxxxxLender’s acceptance of payments from third persons, entities, entities or Successors in Interest of Borrower or in amounts less than the amount then due, will shall not be a waiver of, of or preclude the exercise of, of any right or remedy by Lenderremedy.

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 Xxxxxx to Borrower or any Successor in Interest of Borrower will shall not be released from operate to release the liability under this Security Instrument if of Borrower or any Successors in Interest of Borrower. Lender extends the time for payment or modifies the amortization of the sums secured by this Security Instrument. Xxxxxx will shall not be required to commence proceedings against any Successor in Interest of Borrower, Borrower or to refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument, Instrument by reason of any demand made by the original Borrower or any Successors in Interest of Borrower. Any forbearance by Xxxxxx in exercising any right or remedy including, without limitation, Xxxxxx’s 's acceptance of payments from third persons, entities, entities or Successors in Interest of Borrower or in amounts less than the amount then due, will shall not be a waiver of, of or preclude the exercise of, of any right or remedy by Lenderremedy.