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

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 shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. 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 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, shall not be a waiver of or preclude the exercise of any right or remedy.

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 Mortgage granted by Xxxxxx to Borrower or any Successor successor in Interest interest of Borrower shall not operate to release the liability of the original Borrower or any Successors Xxxxxxxx's successors in Interest of Borrowerinterest. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument Mortgage by reason of any demand made by the original Borrower or any Successors Xxxxxxxx's successors in Interest of Borrowerinterest. Any delay or forbearance by Xxxxxx Lender 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, shall not be a waiver of or preclude the exercise of any right or remedy. No waiver by Lender of any particular provisions of this Mortgage shall be deemed effective unless such waiver is in writing signed by the Lender.

Borrower Not Released; Forbearance By Lender Not. a Waiver. Extension of the time for payment «Initials» or modification of amortization of the sums secured by this Security Instrument granted by Xxxxxx to Borrower or any Successor in Interest of Borrower shall not operate to release the liability of Borrower or any Successors in Interest of Borrower. 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 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 Lender in exercising any right or remedy including, without limitation, Xxxxxx's 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 remedy.

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 Mortgage granted by Xxxxxx to Borrower or any Successor successor in Interest interest of Borrower shall not operate to release the liability of the original Borrower or any Successors Xxxxxxxx's successors in Interest of Borrowerinterest. Lender shall not be required to commence proceedings against any Successor in Interest of Borrower or to any successor in interest or refuse to extend time for payment or otherwise modify amortization of the sums secured by this Security Instrument Mortgage by reason of any demand made by the original Borrower or any Successors Xxxxxxxx's successors in Interest of Borrowerinterest. Any delay or 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, shall not be a waiver of or preclude the exercise of any right or remedy. No waiver by Lender of any particular provisions of this Mortgage shall be deemed effective unless such waiver is in writing signed by the Lender.